Trump sons’ fund racks up paper profits in microcap ventures

A fund backed by Donald Trump Jr. and Eric Trump has been racking up eye-popping paper profits through a portfolio of small, thinly traded stocks. American Ventures, managed by Dominari Holdings Inc., has turned microcap investing into something resembling a spectator sport, with stock prices spiking on news of the Trump family’s involvement. The estimated paper profits run into the hundreds of millions of dollars. The warrant playbook American Ventures operates as roughly a $1 billion fund that has parked money in at least 10 microcap companies. The strategy leans heavily on warrants, which are essentially options that let the fund buy shares at predetermined prices. If the underlying stock rises, the spread between the warrant price and market price balloons into profit, at least on paper. The warrant holdings alone are potentially worth over $300 million, according to available estimates. Among the standout positions: an estimated $165 million or more in Aureus Greenway Holdings and roughly $132.5 million in Skyline Builders Group warrants as of mid-2026. One such announcement triggered a 12% single-day gain, the kind of move that turns warrant holders’ paper profits into very l...