Michael R. Lwin
The data on this page comes from a financial disclosure filed by Michael R. Lwin, who was picked to be: Defense Policy Advisor, Department of Defense. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
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)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Charles Schwab Roth IRA | 1 | ||||
| AT&T Stock (T) | $1,001 - $15,000 | None (or less than $201) | 1.1 | ||
| Apple Stock (AAPL) | $15,001 - $50,000 | $201 - $1,000 | 1.2 | ||
| ARM Holdings PLC American Depository Shares (ARM) | $1,001 - $15,000 | None (or less than $201) | 1.3 | ||
| Bank of California Stock (BANC) | None (or less than $1,001) | None (or less than $201) | 1.4 | ||
| Blackstone Inc. Common Stock (BX) | $1,001 - $15,000 | $201 - $1,000 | 1.5 | ||
| Coinbase Global Inc. Class A Common Stock (COIN) | $1,001 - $15,000 | None (or less than $201) | 1.6 | ||
| Cisco Systems, Inc. (CSCO) | $1,001 - $15,000 | None (or less than $201) | 1.7 | ||
| CVS Health Corp. (CVS) | $1,001 - $15,000 | None (or less than $201) | 1.8 | ||
| General Electric Co. (GE) | $1,001 - $15,000 | None (or less than $201) | 1.9 | ||
| Goldman Sachs Group Inc (gs) | $1,001 - $15,000 | None (or less than $201) | 1.10 | ||
| Intel Corp. (INTC) | None (or less than $1,001) | None (or less than $201) | Market value fell below $1000 during 2024 | 1.11 | |
| Merck & Co., Inc. (mrk) | $1,001 - $15,000 | None (or less than $201) | 1.12 | ||
| Nvidia Corp. (NVDA) | $100K - $250K | $15,001 - $50,000 | 1.13 | ||
| Palo Alto Networks, Inc. (PANW) | $1,001 - $15,000 | None (or less than $201) | 1.14 | ||
| RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX) | $1,001 - $15,000 | None (or less than $201) | 1.15 | ||
| Verizon Communications, Inc. (VZ) | $1,001 - $15,000 | None (or less than $201) | 1.16 | ||
| Adams Diversified Equity Fund (ADX) | None (or less than $1,001) | None (or less than $201) | 1.17 | ||
| NEOS NASDAQ 100 High Income ETF (QQQI) | $1,001 - $15,000 | None (or less than $201) | 1.18 | ||
| Schwab US Dividend Equity ETF (SCHD) | $1,001 - $15,000 | None (or less than $201) | 1.19 | ||
| Dodge & Cox Stock Fund (DODGX) | $1,001 - $15,000 | None (or less than $201) | 1.20 | ||
| cash | $1,001 - $15,000 | 1.21 | |||
| Block Incorporated Class A Stock (SQ) | $1,001 - $15,000 | None (or less than $201) | 1.22 |
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)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| T Rowe Price Roth IRA | 1 | ||||
| T Rowe Price Cash Reserves Fund (TSCXX) | $50,001 - $100K | None (or less than $201) | 1.1 | ||
| T Rowe Price Equity Index 500 Fund (PREIX) | $1,001 - $15,000 | None (or less than $201) | 1.2 | ||
| Vanguard Roth IRA | 2 | ||||
| Vanguard Treasury Money Market Fund Investor Shares (VUSXX) | $15,001 - $50,000 | None (or less than $201) | 2.1 | ||
| Vanguard Total Stock Market Index Fund Admiral Class Shares (VTSAX) | $1,001 - $15,000 | None (or less than $201) | 2.2 |
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)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| USAA Bank Accounts (Cash) | $1,001 - $15,000 | None (or less than $201) | 1 | ||
| Capital One Savings Account (cash) | $1,001 - $15,000 | 2 | |||
| Spouse Apple Savings Account (cash) | $1,001 - $15,000 | 3 | |||
| Apple Savings Account (cash) | $1,001 - $15,000 | $201 - $1,000 | Interest | 4 | |
| My529 Fund (Utah) | 5 | ||||
| Enrolled Fund Option for Utah 529 (UTAWX) | $1,001 - $15,000 | $201 - $1,000 | 5.1 | ||
| Navy Federal Credit Union Accounts (cash) | $1,001 - $15,000 | None (or less than $201) | 6 |
Transactions
Officials are required to disclose the purchase, sale or exchange of property or securities in excess of $1,000. Many top officials are required to file periodic transaction reports (278-T) within 45 days to disclose additional actions. This table combines transactions from regularly scheduled financial disclosures and periodic transaction reports. If the same transaction appears on multiple reports, we’re only showing it once. (Form 278e, Part 7 and Form 278-T)
| Description | Value | Transaction | Endnote | Line No. |
|---|---|---|---|---|
| Nvidia Corp. (NVDA) | $1,001 - $15,000 | Sale, 2025-05-14
 | 1 | |
| Apple, Inc. (AAPL) | $1,001 - $15,000 | Sale, 2025-04-11
| 1 | |
| T Rowe Price Equity Index 500 Fund (PREIX) | $50,001 - $100K | Sale, 2024-10-17
| Exchange into T Rowe Price Cash Reserves (TSCXX), a money market fund. Within Spouse's T Rowe Price Roth IRA. | 1 |
| Apple, Inc. (AAPL) | $15,001 - $50,000 | Sale, 2025-03-18
| 1 | |
| Nvidia Corp. (NVDA) | $15,001 - $50,000 | Sale, 2025-05-29
| 2 | |
| Vanguard Total Stock Market Index Fund Admiral Class Shares (VTSAX) | $15,001 - $50,000 | Sale, 2024-10-18
| Exchange into Vanguard Treasury Money Market (VUSXX). Within Spouse's Vanguard Roth IRA. | 2 |
| Apple, Inc. (AAPL) | $1,001 - $15,000 | Sale, 2025-03-21
| 2 | |
| Fidelity Balanced Fund (FBALX) | $1,001 - $15,000 | Sale, 2024-09-03
| 3 | |
| Apple, Inc. (AAPL) | $1,001 - $15,000 | Sale, 2025-03-25
| 3 | |
| Fidelity High Income Fund (SPHIX) | $1,001 - $15,000 | Sale, 2024-09-03
| 4 | |
| FIDELITY 500 INDEX FUND (FXAIX) | $1,001 - $15,000 | Sale, 2024-09-03
| 5 | |
| Fidelity Freedom 2030 Fund Class K Shares (FSNQX) | $1,001 - $15,000 | Sale, 2024-09-03
| 6 | |
| Invesco Diversified Dividend Fund Class R5 Shares (DDFIX) | $1,001 - $15,000 | Sale, 2024-09-03
| 7 | |
| Fidelity Extended Market Index Fund (FSMAX) | $1,001 - $15,000 | Sale, 2024-09-03
| 8 | |
| Fidelity Small Cap Index Fund (FSSNX) | $1,001 - $15,000 | Sale, 2024-09-03
| 9 | |
| Fidelity International Index Fund (FSPSX) | $1,001 - $15,000 | Sale, 2024-09-03
| 10 | |
| Voya Index Solution 2035 Portfolio Class I (ISEIX) | $1,001 - $15,000 | Sale, 2024-07-23
| 11 | |
| Vanguard 500 Index Fund Admiral Shares (VFIAX) | $1,001 - $15,000 | Sale, 2024-07-23
| 12 | |
| Vanguard Small-Cap Growth Index Fund Admiral Class Shares (VSGAX) | $1,001 - $15,000 | Sale, 2024-07-23
| 13 | |
| Dimensional International Core Equity Market ETF (DFAI) | $1,001 - $15,000 | Sale, 2024-07-23
| 14 | |
| T Rowe Price Retirement 2030 Fund (TRRCX) | $50,001 - $100K | Sale, 2024-09-03
| 15 | |
| Vanguard Target Retirement 2030 Fund Investor Class Shares (VTHRX) | $15,001 - $50,000 | Sale, 2024-09-03
| 16 | |
| T Rowe Price Equity Index 500 Fund (PREIX) | $50,001 - $100K | Purchase, 2024-09-03
| 17 | |
| Vanguard Total Stock Market Index Fund Admiral Class Shares (VTSAX) | $15,001 - $50,000 | Purchase, 2024-09-03
| 18 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
Join us on Wednesday, April 8 for a walkthrough of ProPublica's new database of financial disclosures from Trump appointees and any potential conflicts they reveal. Register here.
