SEC filing revelations raise questions about big business’s desire to curry favor with Trump and his administration

Large institutional investors have massively increased their holdings of Trump Media and Technology Group (TMTG) in recent months according to SEC filings, with many enlarging their positions by hundreds of millions of dollars.

The revelations raise further questions about big business’s desire to curry favor with Donald Trump and his administration via the enterprises he has maintained or commenced. TMTG runs the Truth Social social media platform – on which the US president himself posts almost daily – as well as financial services and a film and TV streaming service.

Critics say that the investments do not reflect any obvious improvement in the business prospects of the company, which lost more than $400m in its 2024 financial results.