Constellation Energy Corporation — Trump ownership stake

Trump disclosed an ownership stake in Constellation Energy Corporation: $667,006–$1,430,000 in the saved stock-only schedule, principally valued at December 31, 2025. Generates electricity; its Microsoft power agreement supports the Crane nuclear restart, which received a federal loan.1

Investment accounts — disclosed holdings

Disclosed issuer securities1

Constellation Energy Corporation: $667,006–$1,430,000 in the selected company-security holdings, principally valued at Dec. 31, 2025. This selection excludes identified debt and funds.1

EO 14318

Purchase recorded on signing date1–2

Constellation Energy: $50,001–$100,000 purchased in Account 6 on July 23, 2025, the date EO 14318 was signed.1–2

Microsoft Corporation — Trump ownership stake

20-year power agreement3

Constellation announced a 20-year Microsoft power agreement supporting the planned Crane nuclear restart and data-center energy matching.3

Documented connections

Investment accounts — disclosed holdings →Disclosed issuer securities1

EO 14318 →Purchase recorded on signing date1–2

Microsoft Corporation — Trump ownership stake →20-year power agreement3

Meta Platforms, Inc. — Trump ownership stake →20-year power agreement4

Ownership and business · September 30, 2026

Trump disclosed an ownership stake in Constellation Energy Corporation: $667,006–$1,430,000 in the saved stock-only schedule, principally valued at December 31, 2025. Generates electricity; its Microsoft power agreement supports the Crane nuclear restart, which received a federal loan.

Investment Account 6 records a July 23, 2025 purchase of $50,001–$100,000. Executive Order 14318 was signed on that date. The disclosure supplies the transaction date, without an execution time.

In November 2025, the Department of Energy closed a $1 billion loan to Constellation Energy Generation for the Crane nuclear restart. Constellation had announced a 20-year Microsoft power agreement supporting that restart in September 2024. This is company project financing, not a payment of $1 billion to Trump.

1–2, 5–6
Sources and documents
  1. Donald J. Trump, OGE Form 278e, annual report for 2025, received June 29, 2026
  2. White House: data-center permitting executive order
  3. Constellation: Microsoft power purchase agreement
  4. Meta: Constellation nuclear agreement
  5. Constellation Energy Corporation — business activities
  6. DOE — Crane restart loan

AI generated report by Explorvia.com.