Former Member & Chairman, Council of Economic Advisers
Stephen I. Miran
Second Trump administration.
- Assets disclosed
- At least $13M
- Outside pay
- $1.04M
- Trades disclosed
- 69
- Left office
- Feb 2026
Assets disclosed: on the 2026 termination filing. The values on Miran’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: from Hudson Bay Capital Management LP (Asset management), 2026 exit form. What the latest form reports was paid to the official to the dollar, outside the public salary, which is set by law.
Trades disclosed: Mar 2025 to Jun 2025. Transactions on 278-T reports and annual reports, which include a spouse’s and dependent children’s.
Left office: Mar 12, 2025 to Feb 3, 2026.
Start date: the cabinet record.
Leaving date: upi.com. on leave from the CEA from Sep 16, 2025 while a Federal Reserve governor.
Largest holdings
On the 2026 termination filing
- Spouse’s employmentECPI University and Affiliated EntitiesAt least $1M
- U.S. brokerage account No. 2 (cash)At least $1M
- BBH LIMITED DURATION FUND CL IAt least $1M
- BBH Wealth Strategies, LLC - ALTAROCK PARTNERS SERIESAt least $1M
- ISHARES S&P 500 INDEX FUND - IVVAt least $1M
- Assets listedEach with a value range
- 193
- Without a valueListed with no dollar range
- 10
Trades
Disclosed on periodic and annual reports, by year
All in 2025
69 trades, Mar 2025 to Jun 2025
- Bought7% of trades
- 5
- Sold93% of trades
- 64
11 of the 69 trades with a filing date to check were reported after 45 days plus any extension the filing states.
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
74% of trades
51 - Funds and ETFs
10% of trades
7 - Options
1% of trades
1 - Other assets
15% of trades
10
Past the deadline
11
After 45 days plus any extension the filing states
Estimated volume
$3.3M
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 $13M
- Disclosed liabilities
- $1.1M to $2.3M
A net worth for Stephen I. Miran 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 193 line items, plus 10 without a dollar value; 7 of those ranges are open ended
- Disclosed liabilities:
- as ranges on 8 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 Aug 27, 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 termination filing.
Holdings
On the 2026 termination filing, largest range first
- Spouse’s employmentECPI University and Affiliated EntitiesAt least $1M
- U.S. brokerage account No. 2 (cash)At least $1M
- BBH LIMITED DURATION FUND CL IAt least $1M
- BBH Wealth Strategies, LLC - ALTAROCK PARTNERS SERIESAt least $1M
- ISHARES S&P 500 INDEX FUND - IVV
Line 110 of the filing
At least $1M
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 Aug 27, 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 termination filing.
Trades
69 disclosed transactions, Mar 2025 to Jun 2025
All in 2025
69 trades, Mar 2025 to Jun 2025
What was traded
- Individual stock
74% of trades
51 - Funds and ETFs
10% of trades
7 - Options
1% of trades
1 - Other assets
15% of trades
10
Past the deadline
11
After 45 days plus any extension the filing states
Estimated volume
$3.3M
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
- SHYD
Bought · Jun 13, 2025
$100,001 to $250,000
69 disclosed transactions, as filed on the official’s OGE 278-T. 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.
11 of the 69 trades with a filing date to check were reported after 45 days plus any extension the filing states.
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 termination filing.