David Armstrong Fink

Reported Asset Values
$6.3M–$19M+

The data on this page comes from a financial disclosure filed by David Armstrong Fink, who was picked to be: Administrator of the Federal Railroad Administration, Department of Transportation. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.

Roles Outside Government

Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)

OrganizationPosition heldEndnoteLine No.
Pan Am Group LLCPresident, 6/2022 - Present1
Northeastern universityPart Time Lecturer, 9/2020 - 12/20242
1995 A.C.F. TrustTrustee, 10/2022 - Present3
D&L Realty TrustTrustee, 3/2020 - Present4
Employment Assets

Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)

DescriptionValueIncomeIncome TypeEndnoteLine No.
Pan Am Group LLC 401 (K) Plan1
American Funds EuroPacific Gr R3$15,001 - $50,000None (or less than $201)1.1
American Funds Conservative Growth and Income Portfolio Class R3 Shares (RNCCX)$15,001 - $50,000None (or less than $201)1.2
Nationwide International Index Fund Class A Shares (GIIAX)$50,001 - $100KNone (or less than $201)1.3
PIMCO CommodityRealReturn Strategy Exchange-Traded Fund$15,001 - $50,000None (or less than $201)1.4
BNY Mellon Smallcap Stock Index Fund Class I Shares (DISIX)$15,001 - $50,000None (or less than $201)1.5
BNY Mellon Midcap Index Fund, Inc; Class I Shares (DMIDX)$50,001 - $100KNone (or less than $201)1.6
JP Morgan Large Cap Growth R3$15,001 - $50,000None (or less than $201)1.7
JP Morgan US Equity A$50,001 - $100KNone (or less than $201)1.8
MFS Value Fund Class R3 Shares (MEIHX)$15,001 - $50,000None (or less than $201)1.9
American FundsGlobal Balanced Fund Class R3 Shares (RGBCX)$15,001 - $50,000None (or less than $201)1.10
Fidelity Advisor Total Bond Fund Class M Shares (FEPTX)$50,001 - $100KNone (or less than $201)1.11
Pioneer Strategic Income Fund Class A Shares (PSRAX)$1,001 - $15,000None (or less than $201)1.12
Galliard Stable Return Fund N$250K - $500KNone (or less than $201)1.13
Northeastern university$8,343Salary2
RBC IRA3
First Trust NASDAQ Cybersecurity ETF (CIBR)$1,001 - $15,000None (or less than $201)3.1
Global X Uranium ETF (URA)$1,001 - $15,000None (or less than $201)3.2
JPMorgan Ultra-Short Income ETF (JPST)$1,001 - $15,000None (or less than $201)3.3
SPDR S&P Homebuilders ETF (XHB)None (or less than $1,001)None (or less than $201)3.4
T Rowe Price Exchange TRD FDS INC Capital Appreciation Equity (TCAF)$1,001 - $15,000None (or less than $201)3.5
GQG Partners US Select Quality Equity Fund Institutional Class Shares (GQEIX)$1,001 - $15,000None (or less than $201)3.6
AMG Yacktman Fund Class I Shares (YACKX)$1,001 - $15,000None (or less than $201)3.7
Artisan Developing World Fund Advisor Class Shares (APDYX)$1,001 - $15,000None (or less than $201)3.8
Artisan International Small-Mid Fund Advisor Shares (APDJX)$1,001 - $15,000None (or less than $201)3.9
Baron Growth Fund Institutional Class Shares (BGRIX)$1,001 - $15,000None (or less than $201)3.10
Conestoga Small Cap Fund Investor Class Shares (CCASX)$1,001 - $15,000None (or less than $201)3.11
Janus Henderson Overseas Fund Class I Shares (JIGFX)$1,001 - $15,000None (or less than $201)3.12
NatixisLoomis Sayles Growth Fund Class Y Shares (LSGRX)$1,001 - $15,000None (or less than $201)3.13
Olstein Strategic Opportunities Fund Class Adv Shares (OFSFX)$1,001 - $15,000None (or less than $201)3.14
Morgan Stanley Institutional Fund Trust International Advantage Portfolio Class I Shares (MFAIX)$1,001 - $15,000None (or less than $201)3.15
PRIMECAP Odyssey Growth Fund (POGRX)$1,001 - $15,000None (or less than $201)3.16
RMB Mendon Financial Services Fund Class I Shares (RMBLX)$1,001 - $15,000None (or less than $201)3.17
Marshfield Concentrated Opportunity Fund (MRFOX)$1,001 - $15,000None (or less than $201)3.18
American Funds Conservative Growth and Income Portfolio Class R3 Shares (RNCCX)$15,001 - $50,000None (or less than $201)3.19
CSX Transportation$9,073severance payment4
Pan Am Group LLC stock$15,001 - $50,000None (or less than $201)5
Railroad Retirement Board, defined benefit plan (Federal pension) (value not readily ascertainable)$8,000retirement paymentsTwo payments received in 2024. No further payments expected.6
Pan Am Group LLC, anticipated deferred compensation: cash receivable$15,001 - $50,000None (or less than $201)7
Employment Agreements

Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)

OrganizationAgreementEndnoteLine No.
Pan Am Group LLC 401 (K)I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. (1998-08-01)1
Railroad Retirement BoardI will continue to participate in this Federal pension program (defined benefit plan). I will not receive any further payments until my Federal position ends. (1998-08-01)2
Pan Am Group LLCI anticipate possibly receiving $20,000 in deferred compensation in 2025. This may be reduced based on available assets of the LLC. (2023-12-01)3
Compensation

Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)

OrganizationDescriptionEndnoteLine No.
Northeastern universityPart time lecturer1
Pan Am Group LLCPresident2
CSXSeverance payment due to merger agreement3
Spouse’s Assets

Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)

DescriptionValueIncomeIncome TypeEndnoteLine No.
TIAA 401K1
TIAA TRADITIONAL$50,001 - $100KNone (or less than $201)1.1
TIAA-CREF Real Estate Securities Fund Institutional Class Shares (TIREX)$50,001 - $100KNone (or less than $201)1.2
T-C Lifecycle 2025-Inst$15,001 - $50,000None (or less than $201)1.3
TCW MetWest Total Return Bd Plan (MWTSX)$50,001 - $100KNone (or less than $201)1.4
American Funds EuroPacific Growth Fund R6 (RERGX)$50,001 - $100KNone (or less than $201)1.5
PGIM Jenson Growth R6$100K - $250KNone (or less than $201)1.6
CREF Stock R4$50,001 - $100KNone (or less than $201)1.7
RBC 401K2
GQG Partners US Select Quality Equity Fund Institutional Class Shares (GQEIX)$1,001 - $15,000None (or less than $201)2.1
AMG Yacktman Fund Class I Shares (YACKX)$1,001 - $15,000None (or less than $201)2.2
Loomis Sayles Global Growth Class Y Shares (LSGGX)$1,001 - $15,000None (or less than $201)2.3
PRIMECAP Odyssey Growth Fund (POGRX)$1,001 - $15,000None (or less than $201)2.4
Akre Focus Fund Institutional Class Shares (AKRIX)$1,001 - $15,000None (or less than $201)2.5
Marshfield Concentrated Opportunity Fund (MRFOX)$1,001 - $15,000None (or less than $201)2.6
Baron Growth Fund Institutional Class Shares (BGRIX)None (or less than $1,001)None (or less than $201)2.7
Conestoga Small Cap Fund Investor Class Shares (CCASX)$1,001 - $15,000None (or less than $201)2.8
Olstein Strategic Opportunities Fund Class Adv Shares (OFSFX)$1,001 - $15,000None (or less than $201)2.9
Other Assets and Income

Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)

DescriptionValueIncomeIncome TypeEndnoteLine No.
brokerage account #11
Apple, Inc. (AAPL)$1,001 - $15,000None (or less than $201)Dividends1.1
Boeing CO (BA)$1,001 - $15,000None (or less than $201)Dividends1.2
Canadian Pacific Railway Limited Common Stock (CP)$1,001 - $15,000None (or less than $201)Dividends1.3
Chevron Corp. (CVX)$1,001 - $15,000$201 - $1,000Dividends1.4
CSX Corp. (CSX)$1M - $5M$50,001 - $100KDividends1.5
Exxon Mobil Corp. (XOM)$15,001 - $50,000$201 - $1,000Dividends1.6
The Home Depot, Inc. (HD)$1,001 - $15,000$201 - $1,000Dividends1.7
JPMorgan Chase & Co. (JPM)$1,001 - $15,000$201 - $1,000Dividends1.8
Microsoft Corp. (MSFT)$15,001 - $50,000None (or less than $201)Dividends1.9
Pfizer Inc. (PFE)$1,001 - $15,000$201 - $1,000Dividends1.10
Phillips 66 (PSX)$1,001 - $15,000$201 - $1,000Dividends1.11
Invesco Dynamic Energy Exploration & Production ETF (PXE)$1,001 - $15,000$201 - $1,0001.12
U.S. brokerage account (Cash)$250K - $500K$15,001 - $50,000Interest1.13
brokerage account #22
U.S. brokerage account (Cash)$15,001 - $50,000$201 - $1,000Interest2.1
Performance Trust Municipal Bond FundInstitutional Class Shares (PTIMX)$500K - $1M$15,001 - $50,0002.2
Segall Bryant & Hamill Municipal Opportunities Fund Institutional Class Shares (WITAX)$500K - $1M$1,001 - $2,5002.3
Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX)$500K - $1M$2,501 - $5,0002.4
1 WS Credit Income I (OWSCX)$50,001 - $100K$201 - $1,0002.5
Artisan International Value Fund Advisor Class Shares (APDKX)$50,001 - $100K$5,001 - $15,0002.6
Artisan International Explorer Fund Advisor Shares (ARDBX)$15,001 - $50,000$1,001 - $2,5002.7
Baron Small Cap Fund Institutional Class Shares (BSFIX)$50,001 - $100K$2,501 - $5,0002.8
Goldman Sachs GQG Partners International Opportunities Fund Institutional Class Shs (GSIMX)$50,001 - $100K$2,501 - $5,0002.9
Grandeur Peak International Stalwarts Fund Institutional Class Shares (GISYX)$50,001 - $100KNone (or less than $201)2.10
Harbor International Small Cap Fund Institutional Class Shares (HAISX)$15,001 - $50,000None (or less than $201)2.11
RiverPark Long/Short Opportunity Fund Institutional Class Shares (RLSIX)$15,001 - $50,000$5,001 - $15,0002.12
Seafarer Overseas Growth and Income Fund Institutional Class Shares (SIGIX)$50,001 - $100KNone (or less than $201)2.13
Vulcan Value Partners Small Cap FundInstitutional Class Shares (VVISX)$50,001 - $100K$201 - $1,0002.14
Wasatch Ultra Growth Fund Institutional Class Shares (WGMCX)$50,001 - $100K$5,001 - $15,0002.15
WCM Focused Emerging Markets Fund Institutional Class Shares (WCMEX)$50,001 - $100K$5,001 - $15,0002.16
WCM Focused Small Cap Fund Institutional Class Shares (WCMFX)$50,001 - $100K$2,501 - $5,0002.17
Palmer Square Opportunis (PSOIX)$50,001 - $100K$2,501 - $5,0002.18
ISHARES CORE HIGH DIVIDEND ETF (HDV)$50,001 - $100K$2,501 - $5,0002.19
iShares Core S&P 500 ETF (IVV)$500K - $1M$5,001 - $15,0002.20
ISHARES MSCI EAFE ETF (EFA)$50,001 - $100K$1,001 - $2,5002.21
ISHARES RUSSELL 2000 ETF (IWM)$50,001 - $100K$201 - $1,0002.22
iShares US Real Estate ETF (IYR)$50,001 - $100K$2,501 - $5,0002.23
VanguardGlobal ex-US Real Estate Index Fund ETF Shares (VNQI)$15,001 - $50,000$1,001 - $2,5002.24
WisdomTree US Quality Dividend Growth Fund (DGRW)$50,001 - $100K$1,001 - $2,5002.25
U.S. Bank #1 (Cash)$50,001 - $100KNone (or less than $201)Interest3
U.S. Bank #2 (Cash)$1,001 - $15,000None (or less than $201)Interest4
Prudential Financial Life Insurance, Universal$15,001 - $50,000None (or less than $201)Universal Life5
RBC Brokerage Account6
Bank of America Corp. (BAC)$1,001 - $15,000None (or less than $201)Dividends6.1
Canadian Pacific Railway Limited Common Stock (CP)$1,001 - $15,000None (or less than $201)Dividends6.2
General Electric Co. (GE)$1,001 - $15,000None (or less than $201)Dividends6.3
Gevo, Inc. (GEVO)$1,001 - $15,000None (or less than $201)Dividends6.4
Kimberly-Clark Corp. (KMB)$1,001 - $15,000None (or less than $201)Dividends6.5
Norfolk Southern Corp. (NSC)$1,001 - $15,000$201 - $1,000Dividends6.6
Union Pacific Corp. (UNP)$1,001 - $15,000None (or less than $201)Dividends6.7
Fidelity Brokerage7
Fidelity Government Money Market Fund (SPAXX)$50,001 - $100K$2,501 - $5,0007.1
Fidelity Contrafund (FCNTX)$50,001 - $100K$2,501 - $5,0007.2
Fidelity Overseas Fund (FOSFX)$1,001 - $15,000None (or less than $201)7.3
Fidelity Capital & Income Fund (FAGIX)$15,001 - $50,000$1,001 - $2,5007.4
Fidelity Total Bond FundFidelity Total Bond Shares (FTBFX)$15,001 - $50,000$201 - $1,0007.5
Fidelity Short-Term Treasury Bond Index Fund (FUMBX)$1,001 - $15,000$201 - $1,0007.6
Prudential Financial, Inc. (PRU)$1,001 - $15,000None (or less than $201)Dividends8
D&L Realty Trustrevocable living trust9
Residential real estate, Naples, FL$500K - $1MNone (or less than $201)9.1
Residential real estate, North Hampton, NH$1M - $5MNone (or less than $201)9.2
NC/SR Fallbrook Equity LLC- Portland, Maine- investment in company's building of nursing home$15,001 - $50,000None (or less than $201)My investment was $50,000. The value of the nursing home build I invested in is not ascertainable.10
Liabilities

Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)

CreditorDescriptionEndnoteLine No.
Partners Banktype: Exercised Line of Credit, amount: $250,001 - $500,000, year-incurred: 2022, rate: Prime, term: 10 YearsThe note has not been exercised1

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