JPFormer officialDeparted April 22, 2026Secretary of the Navy · Department of Defense - Department of the Navy
Phelan reported 97 sales (estimated at $176.8M) and 79 purchases (estimated at $35.1M) across 176 transactions between March 24, 2025 and April 20, 2026, an estimated $211.9M in total volume. 20 of the 176 transactions, or 11 percent, were flagged as filed late.
Last filing: June 5, 2026|Transactions: March 24, 2025 – April 20, 2026
This total aggregates every source filing listed below. Public trackers focused on a single disclosure may report smaller counts for the same official.
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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 |
|---|---|---|---|
| Sept. 15, 2025 | Two Roads Development LLC LoanPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1M-$5M |
Reviewed financial disclosure documents the Office of Government Ethics has published or recorded for John Phelan. 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 John Phelan's financial disclosures from major outlets.
AI-assisted search across major outlets.
Phelan, founder of private investment firm Rugger Management LLC, was confirmed as Navy secretary by a 62-30 Senate vote.
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
| Sept. 11, 2025 | 26North BDC, 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 |
| Sept. 10, 2025 | MSD EIV Private, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| Sept. 4, 2025 | Caden FLV, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| Sept. 4, 2025 | HealthQuest Tactical Opportunities Fund, L.P.Mutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $15K-$50K |
| Sept. 4, 2025 | NFP Continuation Partners, LP.Private holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $250K-$500K |
| Sept. 3, 2025 | RCG Ventures Fund VIIIMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| Aug. 29, 2025 | Dawson Portfolio Finance 5 LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| Aug. 26, 2025 | HealthQuest Tactical Opportunities FundMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $250K-$500K |
| Aug. 20, 2025 | Caden FLV, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $500K-$1M |
| Aug. 20, 2025 | MSD Real Estate Credit Opportunity Fund IIMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $50K-$100K |
| Aug. 18, 2025 | SRP Continuation Partners LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $100K-$250K |
| Aug. 14, 2025 | RCG Momentum LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $50K-$100K |
| Aug. 14, 2025 | RCP GP Fund II LPMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $250K-$500K |
| Aug. 12, 2025 | Turnbridge Real Estate Fund IIMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| Aug. 1, 2025 | RCG Ventures Fund VIIIMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| July 30, 2025 | Cresta SC Fund I-A LPMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $50K-$100K |
| July 30, 2025 | Dawson Portfolio Finance 5 LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| July 30, 2025 | MSD Credit Opportunity Fund, L.P.Mutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $100K-$250K |
| July 30, 2025 | MSD Hospitality Partners LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $500K-$1M |
| July 28, 2025 | Cresta Royalty Partners LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $50K-$100K |
| July 28, 2025 | Kingfish Investments II, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $500K-$1M |
| July 28, 2025 | MSD EIV Private, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $50K-$100K |
| July 23, 2025 | 26North Private Equity Fund IMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| July 22, 2025 | Caden Long Equity FundMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $100K-$250K |
| July 21, 2025 | Valence8 PE 2022 FundMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $50K-$100K |
| July 21, 2025 | Valence8 PE 2023 FundMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $50K-$100K |
| July 18, 2025 | Cotulla Aviation LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $50K-$100K |
| July 17, 2025 | HealthQuest Tactical Opportunities Fund, L.P.Mutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $15K-$50K |
| July 16, 2025 | Cresta Royalty Partners II LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| July 16, 2025 | RSL Football Holdings LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1M-$5M |
| July 15, 2025 | Kingfish Investments II, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $250K-$500K |
| July 14, 2025 | Arcadia Gameto Investors LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| July 10, 2025 | Highline Investors LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $1M-$5M |
| July 9, 2025 | 12 South Investor JV, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $250K-$500K |
| June 30, 2025 | Dawson Portfolio Finance 5 LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| June 27, 2025 | MSD Investment Corp. (BDC)CheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $250K-$500K |
| June 24, 2025 | Dawson Portfolio Finance 5 LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| June 24, 2025 | RCG Ventures Fund VIIIMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1K-$15K |
| June 24, 2025 | TMG Haynesville Investors, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| June 23, 2025 | Cresta Royalty Partners LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $50K-$100K |
| June 20, 2025 | Blue Owl Capital Inc. Class A Common StockLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $5M-$25M |
| June 20, 2025 | TMG Monument Investors LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $100K-$250K |
| June 18, 2025 | MSD Special Investments Fund IIMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $50K-$100K |
| June 16, 2025 | MSD EIV Private, LLC (JRK Investments III)Private holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| June 16, 2025 | RCG Momentum, LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| June 16, 2025 | TMG VCLR Investor, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $1K-$15K |
| June 12, 2025 | 26North BDC, IncCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| June 12, 2025 | Kingfish Investments X, LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $100K-$250K |
| June 4, 2025 | SRP Continuation Partners, LPPrivate holdingLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $100K-$250K |
| June 2, 2025 | RCG Momentum, LPPrivate holdingLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $250K-$500K |
| May 27, 2025 | Red Cell Incubation Fund LPMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $500K-$1M |
| May 27, 2025 | Red Cell PartnersPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1M-$5M |
| April 29, 2025 | Dawson Portfolio Finance 5 LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $15K-$50K |
| April 29, 2025 | HealthQuest Tactical Opportunities Fund, L.P.Mutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| April 21, 2025 | RCP GP Fund II, LPMutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| April 17, 2025 | RSL Football Holdings LLCPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1M-$5M |
| April 16, 2025 | HealthQuest Tactical Opportunities Fund, L.P.Mutual fundCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $15K-$50K |
| April 11, 2025 | Cotulla Aviation LPPrivate holdingCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $250K-$500K |
| April 7, 2025 | Red Cell Incubation Fund, LPMutual fundLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| April 4, 2025 | Kingfish Investments II, LLCPrivate holdingLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1M-$5M |
| April 3, 2025 | TMG Monument Investors LCLLateCheckedA 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 31, 2025 | Cresta SC Fund I-A LPMutual fundLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $50K-$100K |
| March 31, 2025 | Dawson Portfolio Finance 5 LPPrivate holdingLateCheckedA 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 31, 2025 | MSD Hospitality Partners LPPrivate holdingLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1M-$5M |
| March 28, 2025 | 26North Private Equity Fund IMutual fundLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| March 28, 2025 | Kingfish Investments X, LLCPrivate holdingLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1M-$5M |
| March 28, 2025 | MSD Credit Opportunity Fund, L.P.Mutual fundLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $250K-$500K |
| March 28, 2025 | MSD Special Investments Fund IIMutual fundLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $15K-$50K |
| March 28, 2025 | RCG Ventures Fund VIII, LPMutual fundLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $1M-$5M |
| March 27, 2025 | Cresta Royalty Partners LPPrivate holdingLateCheckedA 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 27, 2025 | MSD Investment Corp. (BDC)LateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $250K-$500K |
| March 26, 2025 | Kingfish Investments V, LLCPrivate holdingLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Sale | $1M-$5M |
| March 26, 2025 | Turnbridge Real Estate Fund IIMutual fundLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $250K-$500K |
| March 24, 2025 | Dawson Portfolio Finance 5 LPPrivate holdingLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
| March 24, 2025 | MSD EIV Private, LLCPrivate holdingLateCheckedA PDF parser and an AI model each read this filing and agreed on every row. A page check confirmed this row. | Purchase | $100K-$250K |
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) recorded by OGE as pending final disposition. Itemized document is not publicly downloadable from the OGE portal; available via Form 201 request.
Periodic transaction report (Form 278-T) recorded by OGE as pending final disposition. Itemized document is not publicly downloadable from the OGE portal; available via Form 201 request.
Periodic transaction report (Form 278-T) recorded by OGE without a publicly downloadable PDF in this dataset. Itemized document is available via Form 201 request.
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
OGE-issued Certificate of Divestiture providing tax-deferral treatment for a specific qualifying divestiture. Document content is not publicly downloadable; available via Form 201 request from OGE.
Letter signed by John Phelan committing to specific divestitures, recusals and resignations to avoid conflicts of interest in the Secretary of the Navy role. See PDF for the full enumerated commitments.
Public financial disclosure filed before Senate confirmation. Lists assets, income sources, liabilities and outside positions held at time of nomination for the Secretary of the Navy role. See PDF for itemized holdings.
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.