Secretary, Department of Defense
Pete Hegseth
Second Trump administration.
- Assets disclosed
- At least $3.2M
- Outside pay
- Not stated
- Trades disclosed
- 46
- In office since
- Jan 2025
Assets disclosed: on the 2026 annual filing. The values on Hegseth’s latest financial disclosure to the Office of Government Ethics, added up as ranges, because the form gives ranges and never exact values.
Outside pay: no exact amount on the 2025 annual form. The latest form gives no pay outside the public salary as an exact amount, which is not the same as none.
Trades disclosed: Feb 2025 to Mar 2026. Transactions on 278-T reports and annual reports, which include a spouse’s and dependent children’s.
In office since: took office Jan 25, 2025.
Start date: the cabinet record.
Largest holdings
On the 2026 annual filing
- U.S. bank #2 (cash)At least $1M
- Spouse’s employmentAvantis US Equity ETF (AVUS)$500K to $1M
- Spouse’s employmentAvantis US Small Cap Value ETF (AVUV)$500K to $1M
- Spouse’s employmentInvesco QQQ Trust, Series 1 (QQQ)$250K to $500K
- Spouse’s employmentSPDR S&P 500 ETF Trust (SPY)$250K to $500K
- Assets listedEach with a value range
- 17
- Without a valueListed with no dollar range
- 9
Trades
Disclosed on periodic and annual reports, by year
- Bought37% of trades
- 17
- Sold63% of trades
- 29
5 of the 29 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 17 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
What was traded
- Individual stock
63% of trades
29 - Funds and ETFs
37% of trades
17
Past the deadline
5
Of the 29 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.6M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Net worth
Reported as ranges, so no single net worth
- Disclosed assets
- At least $3.2M
- Disclosed liabilities
- $2M to $10M
A net worth for Pete Hegseth cannot be computed from this filing: values are given as ranges, some items carry no value, the highest range has no upper limit, and a home kept for personal use is not reported.
- Disclosed assets:
- as ranges on 17 line items, plus 9 without a dollar value; 1 of those ranges is open ended
- Disclosed liabilities:
- as ranges on 2 line items
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative.
Kept since Sep 29, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2026 annual filing.
Holdings
On the 2026 annual filing, largest range first
- U.S. bank #2 (cash)At least $1M
- Spouse’s employmentAvantis US Equity ETF (AVUS)$500K to $1M
- Spouse’s employmentAvantis US Small Cap Value ETF (AVUV)$500K to $1M
- Spouse’s employmentInvesco QQQ Trust, Series 1 (QQQ)
Line 1.3 of the filing
$250K to $500K - Spouse’s employmentSPDR S&P 500 ETF Trust (SPY)
Line 1.4 of the filing
$250K to $500K
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative.
Kept since Sep 29, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2026 annual filing.
Trades
46 disclosed transactions, Feb 2025 to Mar 2026
What was traded
- Individual stock
63% of trades
29 - Funds and ETFs
37% of trades
17
Past the deadline
5
Of the 29 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.6M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Disclosed transactions
Newest first, five a page, each with its filing
Sold unless marked · Unspecified, every row
46 disclosed transactions, 17 of them only in the annual report. Amounts are ranges, never exact, and every row links to the official filing. A symbol marked with an asterisk was matched from the company name on the filing. The filer did not write a symbol down.
5 of the 29 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 17 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2026 annual filing.