PHSecretary of Defense · Department of Defense
Hegseth reported 29 sales estimated at $428K between February 7, 2025 and April 1, 2025, with no purchases on record. Assets sold included WMT, TMO, PEP, PNC and MSFT. None of the transactions were flagged as filed late.
Last filing: June 7, 2025|Transactions: Feb. 7, 2025 – April 1, 2025
The counted trades include sales and no purchases. This is the pattern you would expect from an official liquidating positions to comply with an ethics agreement, but Open Cabinet does not yet ingest the entry-disclosure baseline (Nominee 278) needed to confirm which holdings have been fully divested.
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One mark per disclosed trade, sized by reported amount range. Circle = sale, square = purchase.
Rows are extracted from OGE filings by automated parsing (Claude PDF reading, PDF-parser and OCR cross-checks) and reviewed by a mix of software and human checks; the status on each row says which. Open the source PDF to confirm any row, and tell us if something is wrong. How rows are checked.
| Date | Description | Type | Amount |
|---|---|---|---|
| April 1, 2025 | Morgan StanleyCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
Reviewed financial disclosure documents the Office of Government Ethics has published or recorded for Pete Hegseth. Open Cabinet summarizes listed documents observationally and links to the source PDF where one is publicly available. We do not issue compliance verdicts — that is OGE’s role, not ours.
Published reporting on Pete Hegseth's financial disclosures from major outlets.
AI-assisted search across major outlets.
Hegseth's Morgan Stanley broker contacted BlackRock about a defense-sector ETF weeks before Trump began strikes on Iran. Pentagon denied wrongdoing.
Original PDFs from the U.S. Office of Government Ethics. These are the documents Open Cabinet parses.
Source: U.S. Office of Government Ethics, 278-T Periodic Transaction Report. Asset values and transaction amounts are reported in ranges as required by federal law. View original filings
| March 24, 2025 | Walmart, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Thermo Fisher Scientific, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | PepsiCo, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | The PNC Financial Services Group, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Microsoft Corp.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Lowe's Cos., Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | International Business Machines Corp.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Danaher Corp.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Apple, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| March 24, 2025 | Advanced Micro Devices, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Trane Technologies plcCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Laboratory Corp. of America HoldingsCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Chubb Ltd.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Alphabet, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| March 24, 2025 | Mastercard, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Mondelez International, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | T-Mobile US, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| March 24, 2025 | JPMorgan Chase & Co.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Amazon.com, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| March 24, 2025 | Ares Capital Corporation Common StockCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| March 24, 2025 | Oracle Corp.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| March 24, 2025 | Costco Wholesale Corp.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| March 24, 2025 | Visa, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| Feb. 7, 2025 | Northrop Grumman Corp.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| Feb. 7, 2025 | KKR & Co., Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| Feb. 7, 2025 | Blackstone Inc. Common StockCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| Feb. 7, 2025 | Honeywell International, Inc.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| Feb. 7, 2025 | Lockheed Martin Corp.CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
278T transaction report for Secretary of Defense.
Ethics Agreement Compliance Certification for Hegseth's Secretary of Defense role. Marks standard certification sections for ethics-agreement obligations, including resignations, divestitures, transaction reporting, recusals and ethics briefing.
Ethics Agreement for Secretary of Defense position at Department of Defense.
Discloses Fox News Network employment through 11/2024 ($4.6M salary), book royalties from 'Battle for the American Mind' ($100K-$1M), and holdings including Alerian MLP ETF, JPMorgan Equity Premium Income ETF, and Unit First Trust. Marked as compliant by agency ethics official.
Source: U.S. Office of Government Ethics public disclosure portal. Document summaries are observational and do not constitute compliance determinations. Compliance with ethics agreements is certified by OGE in their own Compliance Certification document, which is listed above when on file.