The so-called Trump Ballroom Tracker, a financial index used to track the companies that have donated to the president’s new ballroom project, has significantly outperformed the market this year.
More precisely, the tracker, launched by Quiver Quantitative on October 27, 2025, has gained roughly 26% so far in 2026. In comparison, the S&P 500 has gone up just 10.82% in the same time period, according to data from the trading platform Autopilot.
In other words, the Trump Ballroom Tracker has outperformed the S&P 500’s gain by 15.18 percentage points. In relative terms, the portfolio has delivered about 140% more than the benchmark index in more or less five months.
Most notable Trump Ballroom Tracker gains
Several constituents of the Trump Ballroom Tracker have posted substantial gains since October. Most notably, the memory chip maker Micron Technology (NASDAQ: MU) has led the group with a staggering 352.5% return.
Other noteworthy performers include Caterpillar (NYSE: CAT) with a return of 78.4% and Alphabet (NASDAQ: GOOGL) with 38.2%. Also worth mentioning are gainers such as Union Pacific (NYSE: UNP), which is up 20.9%, Apple (NASDAQ: AAPL), up 15.8%, and Amazon (NASDAQ: AMZN), which has gained 11.8%.
However, the performance across the basket has been far from uniform, as several high-profile technology names have not been so fortunate. For instance, Microsoft (NASDAQ: MSFT) is down 19.4%, Meta Platforms (NASDAQ: META) has fallen 16.4%, while Palantir (NASDAQ: PLTR) has lost 25.1% since the tracker debuted. The worst performer, however, was the cryptocurrency exchange Coinbase, which has declined 54.5%.
Still, despite some of the individual holdings performing more poorly than expected, the strength of the overall tracker cannot be denied, even if it remains just an unconventional experiment in measuring the potential market impact of corporate political engagement.
Featured image via Shutterstock
