Not every stock the president picked has been a winner.
AP Photo/Alex Brandon
Donald Trump has made any number of bad bets over the years: Casinos, airlines, hotels and an ill-fated “university” all famously make the list. Thanks to recent disclosures, we now know that his stock portfolio also includes its own cabinet of curiosities.
On February 2, for example, Trump put between $1 million and $5 million into shares of Kura Sushi USA, a conveyor belt sushi chain with 91 U.S. locations across 23 states. That’s a seven figure bet on raw fish from a man whose most reliable culinary conviction has long been that dinner should be fried and served through a drive-thru window with a side of Diet Coke.
Trump may want to stick to what he knows. Kura’s stock is down 18% since then, making KRUS one of Donald Trump’s worst stock purchases of 2026. (A spokesperson for Kura said that the company doesn’t comment on individual investors.)
Last week, Forbes examined 240 of the president’s biggest trades, revealed in a series of filings that showed more than 4,000 transactions in the first three months of the year—44 per day on average and almost three times more than all of 2025 combined. And unlike previous presidents, who largely stuck to conflict-avoidant investments, Trump is deep in the equities markets buying and selling scores of corporate shares. His biggest wins were all tech companies that have made a killing on the AI boom he has thrown the weight of the federal government behind promoting.
But AI giveth and AI taketh away: Some of the worst-performing stocks in the president’s portfolio have been hammered by AI anxiety. Take software makers Workday and Adobe. Trump bought between $1 million and $5 million of each of them on February 10. Both companies are facing concerns that their primary products—HR software and design tools, respectively—might be displaced by generative AI newcomers. Adobe is down 10% and Workday is down almost double that, meaning that if the president bought the middle of their ranges, $3 million, he’d have lost about $900,000 total between the two.
Not every company on this list is down due to Silicon Valley’s latest inventions. The biggest loss—Fidelity National Information Services, a fintech giant—has been on a mostly downward trajectory since a peak in 2021. Assuming Trump bought the middle of the declared range in his biggest buy in January, he’d be down over $1 million.
Or look at Boeing, the aircraft and defense giant that took a hit after Trump began bombing Iran and has only somewhat rebounded. The president managed to secure a commitment from China to buy 200 planes on his May trip to Beijing, but it was far fewer than investors expected. That said, CEO Kelly Ortberg, who accompanied Trump across the Pacific, claimed Wednesday that more Chinese orders are in the works.
Trump’s allies, it should be noted, say the president is not making his own investment decisions. “The President doesn’t sit at the Oval Office on his computer on a Robinhood account buying and selling stocks,” vice president J.D. Vance told reporters on May 19, after mocking the questioner for asking. A spokesperson for the Trump Organization told Forbes in a statement that “independent third-party financial institutions” manage Trump’s portfolio. White House spokesperson Anna Kelly called questions about conflicts of interest a “tired narrative,” adding “President Trump only acts in the best interests of the American public.”
In the case of companies that are gaining in value—sometimes while Donald Trump is schmoozing with their CEOs and deregulating their industries—questions remain. But when the president buys stocks that subsequently drop like a sushi roll from an inexperienced chopstick user’s grasp, it’s unclear whose interests, if any, are being served.
Here are the ten stock purchases that we estimate have lost Donald Trump the most money this year. Federal rules only require the president to declare a range of values on each trade—say, $500,000 to $1 million—so it’s unclear exactly how much he buys and sells at any one time. Forbes assumes the median for each range in estimating Trump’s losses, a collective $4.4 million in all.
Donald Trump’s Ten Worst Stock Purchases Of 2026
Stock values are as of close of markets on Wednesday, May 27. Figures are rounded.
1. Fidelity National Information Services (ticker: FIS)
Purchase: $1 million to $5 million on Jan. 12
Stock change since main purchase: -37%
Median value loss: $1.1 million
Trump sold at least $100,000 in FIS shares in February but was back in by March. The company announced a partnership with AI giant Anthropic (a Trump administration foe) in May that hasn’t yet reversed its fortunes on the market.
2. Workday (WDAY)
Purchase: $1 million to $5 million on Feb. 10
Stock change since main purchase: -19%
Median value loss: $550,000
Last May, Workday reportedly won a no-bid contract to replace an HR platform for the federal government’s Office of Personnel Management, but the deal was canceled a week later. Trump has been an active trader of the company’s stock, buying and selling 13 additional times on top of his big purchase in February.
3. Kura Sushi USA (KRUS)
Purchase: $1 million to $5 million on Feb. 4
Stock change since main purchase: -18%
Median value loss: $550,000
Kura’s stock is actually up 18% since Trump’s investment in the chain was revealed on May 14—but remains down from earlier highs. His big purchase on Feb. 4 was the only time he bought or sold it, according to Forbes’ analysis.
4. Comcast (CMCSA)
Purchase: $1 million to $5 million on Jan. 12
Stock change since main purchase: -13%
Median value loss: $400,000
Comcast was among the companies that donated to Trump’s East Wing ballroom project, though its contribution doesn’t seem to have earned the company much goodwill from the White House. “SO MUCH FUN TO WATCH [MS NOW’s] WEAK AND INEFFECTIVE OWNER, ‘CONCAST,’ HEADED BY DOPEY BRIAN ROBERTS, HOPELESSLY AND AIMLESSLY FLAILING IN THE WIND IN AN ATTEMPT TO DISASSOCIATE ITSELF FROM THE GARBAGE THAT THEY CREATED!” the president posted on Truth Social last August. Nonetheless, Trump bought the stock five times in three months this year.
5. PTC Inc. (PTC)
Purchase: $1 million to $5 million on Feb. 10
Stock change since main purchase: -13%
Median value loss: $400,000
This software maker attracted five additional buys from the president totaling at least $33,000.
6. Axon Enterprise (AXON)
Purchase: $1 million to $5 million on Feb. 10
Stock change since main purchase: -12%
Median value loss: $350,000
Axon manufactures equipment for police and other law enforcement, including Tasers, body cameras and dash cams. The company has hauled in almost $400 million in federal contracts since 2020, led by deals with the Department of Homeland Security and Department of Justice.
7. Adobe (ADBE)
Purchase: $1 million to $5 million on Feb. 10
Stock change since main purchase: -10%
Median value loss: $300,000
The Justice Department reportedly settled a lawsuit in March against Adobe accusing it of making it difficult to cancel software subscriptions, forcing the company to pony up $150 million in fines and free services. Trump bought between $250,000 and $500,000 more of Adobe’s stock two days after his Feb. 10 purchase, so his losses here may be larger than just the one tranche.
8. Uber (UBER)
Purchase: $1 million to $5 million on Mar. 17
Stock change since main purchase: -9%
Median value loss: $250,000
Uber’s former chief business officer, businessman Emil Michael, won an appointment as the Pentagon’s CTO last year. The company also chipped in to Trump’s inauguration fund. Trump kicked off the year by selling between $500,000 and $1 million of Uber stock, but bought it back and then some in March.
9. Boeing (BA)
Purchase: $1 million to $5 million on Feb. 10
Stock change since main purchase: -8%
Median value loss: $250,000
Boeing plane purchases are practically a currency of the realm for Trump, who frequently announces that he has persuaded other countries—Qatar, Indonesia, the United Kingdom and Uzbekistan in 2025, China in 2026—to buy planes in trade deals. Trump sold off at least $515,000 of his own Boeing holdings in March, though.
10. Boston Scientific (BSX)
Purchase: $500,000 to $1 million on Mar. 17
Stock change since main purchase: -29%
Median value loss: $200,000
The medtech giant reportedly initially estimated a $200 million hit from Trump’s tariff policies last year. Trump sold at least $400,000 of BSX shares in January and February, but made two big buys in late March that haven’t worked out so far.
