President Donald Trump's investment accounts were net buyers of shares in Alphabet and Meta Platforms during the first five months of 2026, according to financial disclosures filed with the U.S. Office of Government Ethics, adding two of the market's most closely watched artificial-intelligence companies to a broader portfolio that recorded more than 6,200 stock trades over the same period.

The disclosures show net purchases of Alphabet shares totaling between $1.7 million and $3.6 million through May, along with net purchases of Meta Platforms stock ranging from $845,000 to $4.8 million over the same stretch. Federal ethics filings typically report holdings and trades within broad value ranges rather than exact figures, a standard disclosure practice for senior government officials.

Third-party managers, not Trump, made the calls

The accounts reflected in the disclosures are managed by third-party financial advisors, meaning Trump was not personally responsible for the individual buy and sell decisions reflected in the filings. The arrangement is a common one among wealthy public officials, allowing investment decisions to be made independently of the officeholder while still requiring periodic disclosure of the resulting portfolio activity under federal ethics rules.

Both Alphabet and Meta sit at the center of the ongoing buildout of artificial-intelligence infrastructure, and a majority of Wall Street analysts currently view both stocks as undervalued relative to their growth prospects, based on median analyst price targets compiled by financial researchers.

Alphabet's case: a discounted AI........

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