U.S. Government Stock and Warrant Deals Span More Than 40 Companies

In President Trump’s second term, the U.S. government has announced 43 stock and warrant transactions across more than 40 companies, involving about $30 billion as market moves reshape the portfolio’s value.

The deals touch semiconductors, critical minerals and quantum computing. A warrant gives its holder a way to obtain equity later under agreed conditions, so some transactions represent potential future share ownership.

Chipmaker Intel is among the portfolio’s most closely watched investments. The government acquired a 9.9% stake in August 2025 for about $8.9 billion. The stake’s market value reached as high as $61 billion before a recent selloff brought it down to about $41 billion.

Another transaction gave the government a 35% stake in an unnamed company vying for business in Venezuela’s oil sector. Many of the deals also include loans, supply agreements or other special arrangements.