Pete Hegseth’s 2026 disclosure lists a bank account above $1 million, compared with the same account’s $15,001–$50,000 range in his 2024 nominee filing. It reports $16,000–$65,000 in bitcoin and records defense-stock sales and family ETF purchases.
Hegseth sold Lockheed Martin and Northrop Grumman shares in February 2025, reporting proceeds of $1,001–$15,000 for each. His ethics agreement required consultation with officials about potential conflicts but did not require divestment. In 2025, the family made 16 ETF transactions, whose reported ranges totaled $1.41 million–$3.05 million; the latest listed was a $50,001–$100,000 purchase of the SPDR S&P 500 ETF Trust in October.
The couple’s five retirement accounts were reported in a combined range of $2.05 million–$4.35 million: $500,000–$1.25 million across Hegseth’s three accounts and $1.55 million–$3.1 million in Jennifer Hegseth’s two rollover IRAs. The filing lists two mortgages, each in the $1 million–$5 million band; one, originating in 2025, is a seven-year loan at 8.5%. Because the disclosure uses broad value ranges, it cannot establish whether Hegseth was wealthier or poorer than a year earlier.
