Trump’s Financial Form Shows Purchases Of Paramount, WBD And Netflix

President Donald Trump‘s first quarter financial disclosure report showed thousands of transactions that include purchases and sales of securities across big tech and major media companies.

The filings, released by the Office of Government Ethics this week, showed that the president purchased between $15,001 and $50,000 in Paramount Skydance securities on March 25, and the same amount in Warner Bros. Discovery on that date. The form showed a $15,001 to $50,000 purchase in WBD on March 12.

The Justice Department is reviewing Paramount’s proposed merger with Warner Bros. Discovery.

Netflix was engaged in a battle for Warner Bros. until Feb. 26, when it declined to match or exceed Paramount’s latest offer for the company. Trump had said that he would be involved in the regulatory review of the transaction, but later said that the decision would be left to the DOJ, which has traditionally scrutinized proposed mergers independent of the White House.

The White House has previously said that the president’s stock and bond portfolio is independently managed. The Trump Organization did not immediately respond to a request for comment, but a spokesperson earlier told Reuters, “Neither President Trump, his family, nor The Trump Organization plays any role in selecting, directing, or approving specific investments. They receive no advance notice of trading activity and provide no input regarding investment decisions or portfolio management ​of any kind.”

The disclosure forms showed a dozen purchases of Netflix securities in the first quarter, totaling at least $570,000, and sales during that period totaling at least $1.3 million. The largest single purchase of Netflix on the forms was in the the $100,001 to $250,000 range on Feb. 4, and the largest sale was in the $1,000,001 to $5 million range on Feb. 10.

The ethics rules do not require disclosure of specific amounts, but ranges of securities purchased. Trump previously disclosed the purchase of between $600,000 and $1.25 million in Netflix bonds in two transactions in January, and $500,000 to $1 million in December.

The latest disclosures also showed more than a dozen purchases and sales of securities in The Walt Disney Co. That included at least $360,000 in purchases, and a sale of at least $1.1 million, during the period. The disclosure showed a purchase of $1,000,001 to $5 million in Comcast stock on Jan. 12, with other purchases totaling at least $80,000.

Per Reuters, which was first to report on the latest disclosures, the disclosures totaled at least $220 million in transactions, including those involving Nvidia, Apple Corp., Microsoft, Amazon and Meta.