President Donald Trump purchased between $1 million and $5 million of stock in Kura Sushi USA, a Japan-linked conveyor-belt sushi chain, helping send the company’s shares up by more than 5%.
Kura Sushi USA, tied to the Japan-based Kura Sushi chain, stood out among roughly 3,700 trades disclosed in the president’s latest filings with the Office of Government Ethics. It was one of Trump’s largest purchases of the year so far.
The sushi investment raised speculation in Japan, where some social media users questioned whether the purchase was intentional.
“A new theory is emerging; trump accidentally bought Kura sushi, confusing it with FujiKura (AI stock),” suggested one X user.
A market analyst at Mitsubishi UFJ eSmart Securities said Kura Sushi’s U.S. business has been performing strongly and suggested that Trump’s ownership stake could boost Kura Sushi shares among retail investors in Tokyo trading.
The president’s first-quarter trades included purchases of Nvidia, Adobe, Oracle, Microsoft, Procter & Gamble, Texas Instruments, Motorola, Amazon, Costco, Dell, Boeing, Uber, and Apple.
His broader holdings also included stakes in companies such as Disney, Paramount Skydance, Warner Bros, DoorDash, Chipotle, Pinterest, Alphabet, Philip Morris, Altria, Honeywell, eBay, Home Depot, Walmart, and Meta, among others.
The disclosures renewed criticism over Trump’s investments while serving in the White House.
Sen. Elizabeth Warren (D-MA) accused Trump of corruption over his Nvidia holdings after his administration lobbied China to purchase advanced artificial intelligence stock.
“Trump brought the NVIDIA CEO on his trip to China to lobby Xi Jinping to buy advanced AI chips, even though it would create a U.S. national security threat,” the senator wrote on X. “It turns out Trump also bought millions in NVIDIA’s stock. The President’s corruption is a national security disaster.”
A spokesperson for the Trump Organization told Reuters that the president’s stock holdings “are maintained exclusively through fully discretionary accounts independently managed by third-party financial institutions with sole and exclusive authority over all investment decisions.”
The spokesperson added that neither Trump nor his family plays “any role in selecting, directing, or approving specific investments” and that they “receive no advance notice of trading activity and provide no input regarding investment decisions or portfolio management of any kind.”
During a Tuesday press briefing, Vice President JD Vance pushed back on questions about Trump’s stock trades, saying that the president “doesn’t sit at the Oval Office on his computer on his, like, Robinhood account, buying and selling stock.”
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“He is a wealthy person,” Vance continued. “He’s not making these stock trades himself.”
At the same time, Congress has introduced legislation that would ban lawmakers and the president from trading stocks. The bill advanced out of the Senate committee last year, but it is unlikely to pass in a Republican-controlled Congress.