Howard Lutnick

Howard Lutnick

Secretary of Commerce · Department of Commerce · Sworn in: Trump II · 2025-02-21
Conflict-of-interest analysis derived from 3 OGE financial disclosures (Form 278/278-T), parsed into 117 assets, 30 transactions, and 835 outside positions. Every line item below cites a primary federal source.
OGE filings
3
Assets disclosed
117
Transactions
30
Liabilities
2

Conflict-of-Interest · 4-Vector Breakdown

Four ways political pressure can flow at the executive-branch level, scored independently from primary public records.

📈 Vector 1 · Personal Holdings disclosed assets
Howard Lutnick has disclosed 117 assets across 3 OGE filings. Total declared value range: $457.3M – $452.0M.
Filings3
Assets117
Positions held835
Latest filing2025-11-05
💼 Vector 2 · Outside Positions & Income board seats, consulting
Disclosed 20 outside positions on OGE filings — board seats, advisory roles, and consulting agreements.
First 5 positions
Page Nineteen, Inc.
CF ACQUISITION HOLDINGS X, LLC
1100 HIDDEN RIDGE, LLC
KBCR PROPERTIES LLC
CF SAWYER DEPOSITOR, LLC
🏛 Vector 3 · Government Action Conflict department-aligned deals
4 federal equity / loan / grant deals tracked under Department of Commerce. These are public deals where the government took an equity stake, made a loan, or awarded a grant to a public company. Cross-referenced with this official's disclosed holdings would surface conflicts.
USAR · USA Rare Earth Inc
mixed · Commerce · 2026-01-26 · $1.60B
Commerce Dept took 8-16% equity stake plus $1.3B loan + $277M grant. Rare-earth domestic supply chain.
MU · Micron Technology +17.0% in 30d
grant · Commerce · 2024-04-25 · $6.10B
$6.1B grant for NY + Idaho fabs.
TSM · TSMC ADR (US) +8.5% in 30d
grant · Commerce · 2024-04-08 · $6.60B
$6.6B grant + up to $5B loan for Arizona fabs.
INTC · Intel Corporation -29.4% in 30d
grant · Commerce · 2024-03-20 · $8.50B
$8.5B in direct grants + $11B in loans for US semiconductor fabs.
Vector 4 · Reported Transactions 278-T disclosures
30 reported transactions on file across all OGE 278/278-T filings.
DateAssetTypeRange
2025-10-06 CF Group Management, Inc. sale Over $50,000,000
2025-10-06 BGC BGC Group, Inc. Class B sale Over $50,000,000
2025-10-06 Tangible Benefits, LLC sale $250,001 - $500,000
2025-10-06 KBCR Management Partners, LLC sale $5,000,001 - $25,000,000
2025-10-06 LFA, LLC sale Over $1,000,000
2025-10-06 Cantor Fitzgerald, L.P sale Over $50,000,000
2025-10-06 BGC Shares in Retirement Accounts sale $1,000,001 - $5,000,000
2025-10-06 NMRK Shares in Retirement Accounts sale $1,000,001 - $5,000,000
2025-10-06 BGC Shares in Retirement Accounts sale $50,001 - $100,000
2025-10-06 NMRK Shares in Retirement Accounts sale $50,001 - $100,000
Showing top 10 of 30. Full timeline + filing-by-filing breakdown in Pro.

Top Disclosed Holdings · 3 duplicate rows collapsed across filings

Top 12 unique assets across 3 OGE filings. When the same asset appears in multiple years, we show the highest reported value bracket and tag the row with a × filing count. Holdings reported in valuation brackets per OGE convention.

AssetTypeValue bracketIncomeFlags
BGC · BGC Group Inc. Class B × 3 filings common stock $25,000,001 - $50,000,000 dividends
BGC GROUP, INC. restricted stock units $5,000,001 - $25,000,000
Newmark Holdings, L.P. partnership units $5,000,001 - $25,000,000 Partnership / Distributions
NMRK · Newmark Group, Inc. DRS × 2 filings common stock $5,000,001 - $25,000,000 Dividends
Promissory Note - Lutnick 1999 Descendants' Trust promissory note $5,000,001 - $25,000,000 interest
Structured Services Investor, LLC LLC interest $5,000,001 - $25,000,000 dividends
Cantor Fitzgerald, L.P. partnership $5,000,001 - $25,000,000 Partnership / Distributions
CF Realty Fund III, L.P. limited partnership $5,000,001 - $25,000,000 dividends
Promissory Note - 122 Sandune Court, LLC promissory note $5,000,001 - $25,000,000 interest
770 Ocean Road Properties LP real estate $5,000,001 - $25,000,000 Rent or Royalties
RUM · Rumble Inc. common stock $1,000,001 - $5,000,000
Newmark Group, Inc. cash receivable $1,000,001 - $5,000,000

Top Reported Liabilities

DescriptionValue bracket
Cut 7 Carry, L.P. Capital Commitment $5,000,001 - $25,000,000 2024 N/A On Demand $5,000,001 - $25,000,000
Bank of America, N.A Secured Facility Over $50,000,000 2019 SOFR + 1.65% June 20 Over $50,000,000
Forensic Timeline
View Howard Lutnick's year-by-year financial timeline →
3 filings · all line items grouped by year, with sector flags and federal-action overlays.
Sources: U.S. Office of Government Ethics (OGE) Form 278 / 278-T disclosures · government_equity_stakes derived from press releases and SEC 8-K filings. Every figure above traces to a primary federal record. · Latest filing: https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/66A69EB879848CF885258CC9002C8582/$FILE/Howard-Lutnick-06.17.2025-278T.pdf
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Holdings sourced from U.S. Office of Government Ethics · public-record financial disclosures. Government equity stakes sourced from agency press releases and SEC filings. GovGreed aggregates primary records; we don't editorialize. Not affiliated with the U.S. Government. Not financial advice. [live render]