Analysis: The Trump administration has held nearly $27 billion in corporate equity to date, with its largest single investment being in Intel.

According to Odaily, the Trump administration has invested approximately $26.7 billion to date through 30 equity or quasi-equity transactions, involving companies such as Intel, MP Materials, and U.S. Steel. However, these holdings are dispersed across multiple government departments, and there is currently no unified public portfolio disclosure mechanism, nor a centralized oversight and periodic reporting system similar to the TARP program established during the 2008 financial crisis. As of now, the Trump administration's equity holdings are spread across at least four departments, including the Department of Commerce (17 transactions), the Department of Defense (7 transactions), the U.S. International Development Finance Corporation (DFC, 6 transactions), and the Department of Energy (2 transactions). The largest single investment is the Department of Commerce's 9.9% stake in Intel. Notably, White House National Economic Council Director Kevin Hassett described these equity investments as "a down payment on the creation of a U.S. sovereign wealth fund," suggesting that the U.S. government may further expand its direct corporate equity holdings. (Fortune)