If you’ve spent any time looking at the stock market lately, you know that Trump Media & Technology Group—better known by its ticker DJT—is less like a traditional stock and more like a high-stakes scoreboard for political sentiment. People aren't just buying shares because they like the quarterly earnings. They’re buying into the brand.
But the big question that keeps popping up in investor circles and political debates alike is simple: how many shares of DJT does Trump own right now?
Honestly, the answer is a moving target because of how the company was built. It’s not just a single number you can set and forget. Between earn-out bonuses, lock-up periods, and the massive merger with TAE Technologies in late 2025, the math gets kinda messy. Let's break down exactly what the former (and current) president is holding.
The Core Holdings: 114.75 Million Shares
As of early 2026, Donald Trump’s ownership stake is centered around approximately 114,750,000 shares.
That is a staggering amount of equity. To put it in perspective, that represents about 41% to 52% of the company, depending on which day you check the dilution from new share issuances or mergers.
For a long time, the number was sitting at 78.75 million. Then, the company hit certain stock price milestones (what they call "earn-out" targets), and he was granted an additional 36 million shares. Basically, because the stock stayed above certain price points for a specific number of days, he got a massive "attaboy" in the form of more equity.
✨ Don't miss: Cuanto son 100 dolares en quetzales: Why the Bank Rate Isn't What You Actually Get
The Trust Factor
Here is where it gets interesting for the "ethics and compliance" crowd. In December 2024, right before his second inauguration, Trump moved his entire stake into the Donald J. Trump Revocable Trust.
- The Trustee: Donald Trump Jr.
- The Power: Don Jr. has the sole voting and investment power over these shares.
- The Goal: It was designed to create a "wall" between the President’s official duties and his massive media fortune.
Whether that wall is actually effective is a matter of heated debate, but on paper, he doesn't "touch" the shares day-to-day. He is the settlor and the sole beneficiary, though. So, if the stock goes to the moon, he’s the one who gets rich. If it craters? He’s the one who loses billions.
Why the Number Might Change: The TAE Technologies Merger
If you haven't been following the news, DJT isn't just a social media company anymore. In December 2025, they announced a bombshell merger with TAE Technologies, a major player in the nuclear fusion space.
This move is wild. It basically pivots a social media company into a "clean energy and tech" conglomerate.
Because of this deal, which is an all-stock transaction valued at over $6 billion, the total "pie" of shares is expanding. TMTG (Trump Media) and TAE shareholders are expected to split the combined company roughly 50/50.
🔗 Read more: Dealing With the IRS San Diego CA Office Without Losing Your Mind
What does this mean for how many shares of DJT does Trump own?
- His percentage of the company will likely drop because there are more total shares in existence.
- His total share count might remain the same, but his influence is diluted by the new TAE investors coming on board.
- The board is also changing. Devin Nunes and Dr. Michl Binderbauer (from TAE) are set to be Co-CEOs.
The "Will He Sell?" Drama
The stock market hates uncertainty. For most of 2024 and 2025, the biggest fear for DJT investors was the "Lock-up Expiration." People were terrified that as soon as Trump was legally allowed to sell, he would dump his 114 million shares and crash the price to zero.
He didn't.
In fact, he went on Truth Social (multiple times, usually in all caps) to tell the world he had "NO INTENTION OF SELLING."
Technically, he’s a man of his word so far on this one. SEC filings show that while other insiders—like CFO Phillip Juhan and CEO Devin Nunes—have sold some shares to cover taxes or diversify, Trump hasn't offloaded a single share from his core 114 million.
💡 You might also like: Sands Casino Long Island: What Actually Happens Next at the Old Coliseum Site
DJT by the Numbers: A Quick Snapshot
| Category | Detail |
|---|---|
| Total Trump Shares | ~114,750,000 |
| Market Value (Early 2026) | Approx. $1.6 Billion to $2 Billion |
| Ownership Percentage | ~41% (Post-dilution/TAE merger effects) |
| Trustee | Donald Trump Jr. |
| Institutional Ownership | Roughly 23.5% (Led by Vanguard and BlackRock) |
Understanding the Risks of Dilution
You've gotta realize that owning shares in DJT is a rollercoaster. In late 2025, the company started talking about distributing digital tokens to shareholders. They also launched a series of ETFs focusing on "American Icons" and "Red State REITs."
Every time the company issues new shares to buy another company (like TAE) or to raise cash, the value of each individual share is potentially diluted.
In 2025 alone, the total shares outstanding grew by nearly 29%. If you’re a retail investor holding 100 shares, those 100 shares represent a smaller and smaller piece of the total pie every time a new merger happens.
Actionable Insights for Investors
If you're tracking Trump's ownership to decide whether to buy or sell, here’s the "pro" way to look at it:
- Watch the 13D Filings: Any time Trump's trust changes its position by more than 1%, they have to file with the SEC. This is your "smoke alarm."
- The "Key Man" Risk: DJT’s value is almost entirely tied to Trump’s personal brand. If he’s in the news for a win, the stock moves. If there’s a legal setback, the stock moves. You aren't just trading a stock; you're trading a news cycle.
- Diversification is Dead Here: This is not a "safe" utility stock. It’s a high-volatility play. Most institutional investors like Vanguard hold it because it’s in the Russell 1000 index, not necessarily because they believe in the fusion energy pivot.
- The TAE Merger Date: Keep an eye on mid-2026. That’s when the TAE deal is expected to close. The stock will likely be incredibly volatile leading up to that shareholder vote.
The bottom line? Donald Trump still owns a massive, controlling-style stake in DJT through his trust. While he isn't selling, the company is rapidly changing its identity from a social media platform to a tech and energy giant.
Keep an eye on the Form 4 filings on the SEC's EDGAR database. That's the only place where the real truth about insider selling lives—everything else is just noise.
Next Steps: You should check the latest SEC Schedule 13D/A filings for Trump Media & Technology Group to see if there have been any minute adjustments to the trust's holdings following the TAE merger's latest regulatory updates.