Just saw Trump’s recent financial disclosures—this guy was trading like crazy in March: 175 transactions in a month, almost all of them buys, with only 11 sales.

What’s most interesting is that these trades mainly focused on bonds, and he also bought a lot of bonds from well-known companies—Nvidia, General Motors, Netflix, Boeing, and other major firms. Many of the individual bond purchases were in the millions of dollars, which looks like he was systematically allocating assets. He also picked up some bank stocks along the way—Bank of America and Wells Fargo, for example—but the scale was relatively smaller; overall, it was around $100,000 to $300,000.

This list of bond transactions has already been submitted to the U.S. Office of Government Ethics. The trading style is kind of intriguing—it feels more like asset allocation than short-term trading, right?