Here are Donald Trump’s 10 worst stock trades in 2026

Not every stock selected by the president was a winner.

AP Photo/Alex Brandon

Donald Trump has made many bad bets over the years: casinos, airlines, hotels and an ill-fated “university” all make the list. Thanks to recent revelations, we now know that his stock portfolio also includes his own cabinet of curiosities.

On February 2, for example, Trump invested between $1 million and $5 million in shares of Kura Sushi USA, a conveyor belt sushi chain with 91 locations in 23 states in the United States. It’s a seven-figure bet on raw fish from a man whose most reliable culinary belief 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 shares have fallen 18% since then, making KRUS one of Donald Trump’s worst stock buys in 2026. (A Kura spokesperson said the company does not comment on individual investors.)

Last week, Forbes examined 240 of the president’s biggest deals, revealed in a series of documents showing more than 4,000 deals in the first three months of the year, an average of 44 per day and nearly three times more than for all of 2025 combined. And unlike previous presidents, who largely stuck to conflict-avoiding investments, Trump is deeply involved in the stock markets, buying and selling dozens of company stocks. His biggest victories were all the tech companies that wreaked havoc on the AI ​​boom that he backed with the weight of the federal government.

ForbesHere are Donald Trump’s 10 Best Stock Trades in 2026By Kyle Khan-Mullins

But AI gives and AI takes away: Some of the worst-performing stocks in the president’s portfolio have been hit by AI anxiety. Take software companies Workday and Adobe. Trump purchased each of them for between $1 million and $5 million on February 10. Both companies fear that their core products – HR software and design tools respectively – will be replaced by generative AI newcomers. Adobe is down 10% and Workday is down almost double that, meaning if the president had purchased the mid-range, $3 million, he would have lost about $900,000 total between the two.

Not every company on this list is down because of Silicon Valley’s latest inventions. The biggest loss — Fidelity National Information Services, a financial technology giant — has been on a mostly downward trajectory since a peak in 2021. Assuming Trump bought the middle of the reported range in his biggest purchase in January, he would lose more than $1 million.

Or look at Boeing, the aviation and defense giant that took a hit after Trump began bombing Iran and has only rebounded somewhat. The president managed to secure a commitment from China to buy 200 planes during his trip to Beijing in May, but it was far less than investors expected. That said, CEO Kelly Ortberg, who accompanied Trump across the Pacific, said Wednesday that more Chinese orders were in the works.

It’s worth noting that Trump’s allies say the president doesn’t make his own investment decisions. “The president doesn’t sit in the Oval Office on his computer in a Robinhood account buying and selling stocks,” Vice President JD Vance told reporters on May 19, after scoffing at the interrogator’s question. A spokesperson for the Trump Organization said in a statement to Forbes that “independent third-party financial institutions” manage the Trump portfolio. White House spokeswoman Anna Kelly called questions about conflicts of interest a “tired narrative,” adding that “President Trump only acts in the best interest of the American public.”

For companies that are growing in value – sometimes while Donald Trump chats with their CEOs and deregulates their industries – questions remain. But when the president buys stocks that then fall like a sushi roll in the hands of an inexperienced chopstick user, it’s hard to know whose interests, if any, are being served.

Here are the ten stock purchases that we think have lost Donald Trump the most money this year. Federal rules only require the president to report a range of values ​​for each transaction (for example, between $500,000 and $1 million). So we don’t know exactly how much he’s buying and selling at any given time. Forbes assumes the median for each range to estimate Trump’s losses, a total of $4.4 million.

Donald Trump’s ten worst stock purchases in 2026

Stock market values ​​are given at the close of trading on Wednesday May 27. Figures are rounded.

1. Fidelity National Information Services (ticker: FIS)

Purchase: $1 million to $5 million on January 12

Variation in stocks since main purchase: -37%

Median loss of value: $1.1 million

Trump sold at least $100,000 worth of FIS stock in February, but he was back by March. The company announced a partnership in May with AI giant Anthropic (an enemy of the Trump administration) that has yet to reverse its market fortunes.

2. Business Day (WDAY)

Buy: $1 million to $5 million on February 10

Variation in stocks since main purchase: -19%

Median loss of value: $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 in the company’s stock, buying and selling an additional 13 times on top of his big purchase in February.

3. Kura Sushi United States (KRUS)

Buy: $1 million to $5 million on February 4

Variation in stocks since main purchase: -18%

Median loss of value: $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 previous 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 January 12

Variation in stocks since main purchase: -13%

Median loss of value: $400,000

Comcast was among the companies that donated to Trump’s East Wing ballroom project, although its contribution does not appear to have earned the company much goodwill from the White House. “SO FUN TO WATCH [MS NOW’s] WEAK AND INEFFECTIVE OWNER, “CONCAST”, LEAD BY DOPEY BRIAN ROBERTS, WHICHING HOPELESSLY AND AIMLESSLY IN THE WIND IN AN ATTEMPT TO SUBSCRIBE THEMSELVES FROM THE WASTE THEY CREATE! » the president posted on Truth Social last August. Nonetheless, Trump bought the stock five times in three months this year.

5. PTC Inc. (PTC)

Buy: $1 million to $5 million on February 10

Variation in stocks since main purchase: -13%

Median loss of value: $400,000

This software company attracted five additional purchases from the president, totaling at least $33,000.

6. Axon Enterprise (AXON)

Buy: $1 million to $5 million on February 10

Variation in stocks since main purchase: -12%

Median loss of value: $350,000

Axon makes equipment for police and other law enforcement, including Tasers, body cameras and dashboard cameras. The company has raked in nearly $400 million in federal contracts since 2020, including with the Department of Homeland Security and the Department of Justice.

7. Adobe (ADBE)

Buy: $1 million to $5 million on February 10

Variation in stocks since main purchase: -10%

Median loss of value: $300,000

The Justice Department reportedly settled a lawsuit against Adobe in March accusing it of making it difficult to cancel software subscriptions, forcing the company to pay $150 million in fines and free services. Trump bought an additional $250,000 to $500,000 worth of Adobe stock two days after his Feb. 10 purchase, so his losses here could be larger than just the tranche.

8. Uber (UBER)

Purchase: $1 million to $5 million on March 17

Variation in stocks since main purchase: -9%

Median loss of value: $250,000

Uber’s former chief commercial officer, businessman Emil Michael, was named the Pentagon’s chief technology officer last year. The company also contributed to Trump’s inauguration fund. Trump started the year selling between $500,000 and $1 million worth of Uber stock, but he bought back some of it and some of it in March.

9.Boeing (BA)

Buy: $1 million to $5 million on February 10

Variation in stocks since main purchase: -8%

Median loss of value: $250,000

Boeing plane purchases are virtually a bargaining chip 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 as part of trade deals. However, Trump sold at least $515,000 of his own holdings in Boeing in March.

10. Boston Scientific (BSX)

Buy: $500,000 to $1 million on March 17

Variation in stocks since main purchase: -29%

Median loss of value: $200,000

The medtech giant initially estimated the impact of Trump’s pricing policies last year at $200 million. Trump sold at least $400,000 worth of BSX stock in January and February, but made two big purchases in late March that haven’t gone through so far.

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