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Trump Bought Up To $630,000 Of Palantir Before Posting About It On Truth Social

Published May 17, 2026
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Summary:
  • New ethics filings show Trump bought between $247,008 and $630,000 of Palantir stock in Q1 2026.
  • Trump praised Palantir on Truth Social in April as the stock had its worst week in over a year.
  • A Trump Organization spokesperson said trades are handled through "fully discretionary accounts" managed by third parties.

The U.S. Office of Government Ethics just dropped a stack of paperwork showing thousands of Trump trades worth hundreds of millions of dollars in the first quarter of 2026.

One of those trades was Palantir, bought weeks before the president praised the stock by ticker on Truth Social.

What The Filings Show

The records show Trump bought between $247,008 and $630,000 of Palantir during Q1 2026, with each trade listed as a price range rather than an exact figure.

In March alone, he made at least seven Palantir purchases totaling as much as $530,000. Several trades were marked "unsolicited," meaning they weren't placed at the recommendation of a broker or financial advisor.

In April, Trump posted on Truth Social: "Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment. Just ask our enemies!!!"

That post landed during Palantir's worst week in over a year, as software stocks dropped on Iran war news and short-seller Michael Burry publicly targeted the company.

Politicians trading stocks is a story that keeps showing up. Market Briefs covers the moves worth watching every weekday morning, and signing up comes with a free investing masterclass.

The Trump Organization's Explanation

A Trump Organization spokesperson said the president's holdings sit in "fully discretionary accounts independently managed by third-party financial institutions with sole and exclusive authority over all investment decisions."

In plain English, the spokesperson says Trump, his family and the Trump Organization don't pick the stocks, and outside firms run the accounts with no advance notice of trades.

White House spokesman David Ingle said the assets sit in a trust managed by Trump's children. "There are no conflicts of interest," he said.

Palantir did not respond to a request for comment.

What to Watch

Palantir's tools have reportedly been used to identify targets in Iran, and the company sponsored Trump's military parade last year for the U.S. Army's 250th anniversary.

CEO Alex Karp, who previously backed Joe Biden, has supported the current administration as Palantir disrupts a defense contractor space long dominated by Lockheed Martin and Northrop Grumman.

The filings also show Trump bought between $1 million and $5 million each of Nvidia, ServiceNow, Workday, Oracle and Microsoft during a software selloff earlier this year. He picked up more than $1 million each of Amazon, Apple and Broadcom on top of that.

He sold up to $5 million of Palantir on Feb. 10, weeks before the March buying spree began.

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