Wall Street executives have made their first bet against Donald Trump in 2024

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A wave of financial sector executives made early donations to Donald Trump’s primary opponents in the second quarter, as many on Wall Street sought an alternative to the former president to lead the Republican Party in 2024.

New Federal Election Commission filings show dozens of Wall Street executives donated the legal maximum of either $3,300 for the primary or $6,600 for the entire election cycle to many of the Republican candidates on the ballot. below Trump in the primary, according to a combined analysis of the latest disclosures by NBC News and CNBC.

Trumps chief rival, Florida Gov. Ron DeSantis, and other candidates who regularly register in the national polling average businessman Vivek Ramaswamy, former Vice President Mike Pence, former US ambassador to the United Nations Nikki Haley and Sen. Tim Scott, RS.C all saw contributions from financial leaders from April 1 to June 30.

For Wall Street and the larger financial community, this is a continuation of the anti-Trump trend that has seen just over $74 million from Wall Street leaders go to support Joe Biden in the 2020 presidential race. Trump saw just over $18 million from the industry in his loss in the 2020 race.

This is where Trump’s Wall Street rivals stand.

Ron DeSantis

The Florida governor received at least 15 notable contributions from financial leaders, including veteran hedge fund manager Paul Tudor Jones, who donated $6,600 to the DeSantis campaign, whose check was cash in May, according to an FEC filing. Many of the top contributions from financial sector executives to DeSantis were cashed in May, as he announced his run for president, records show.

Data from the nonpartisan OpenSecrets show that Jones has given to various campaigns and outside groups involved in past presidential elections.

In 2011, Jones donated $200,000 to Restore Our Future, a super PAC that supported Mitt Romneys run for president against then President Barack Obama. Jones later contributed in 2015 to PACs that supported former Florida Gov. Jeb Bushs failed to run for president and another group that supported former New Jersey Gov. Chris Christies failed campaign in both cycles.

Christie, who is running for president again against Trump this cycle, also received $6,600 from Jones in the second quarter, according to his campaign finance disclosure. A spokesman for Jones did not return a request for comment. Forbes estimates his net worth to be over $7 billion.

Longtime venture capitalist Joe Lonsdale donated at least $3,300 to DeSantis in the second quarter, according to filings. Lonsdale previously said he would support the Florida governor.

Justin Siegel, a vice president at Goldman Sachs, also gave DeSantis at least $3,300, including a check that was cashed in late June, according to the filing.

Lonsdale could not be reached for comment. A Goldman spokeswoman did not return a request for comment before publication.

The DeSantis campaign finished the second quarter with $20 million raised.

Vivek Ramaswamy

Despite Ramaswamy’s offense against Wall Street companies with environmental, social and governance investment strategies, he received at least a dozen contributions from leaders in the financial sector.

Bill Ackman, the CEO of hedge fund Pershing Square Capital, contributed $3,300 in the early stages of the quarter, according to filings. The CEO of Pershing Square spoke out on Twitter about Ramaswamy and Democratic presidential candidate Robert F. Kennedy Jr. Ackman helped finance Strive, the anti-ESG firm Ramaswamy founded.

Ed Hyman, the chairman of Evercore ISI, also donated $3,300 to Ramaswamy in the second quarter, the filing said.

Investor Glenn Dubin and his wife Eva recently donated $6,600 to Ramaswamys run for president. Both have reported relationships with the late disgraced financier Jeffrey Epstein. Dubin has an estimated net worth of just over $2 billion, according to Forbes.

A call to Dubin & Co., the private investment firm founded by Glenn Dubin, was not returned before publication.

The Ramaswamys’ campaign ended the second quarter raising more than $7 million, most of it self-funded.

Nikki Haley

The former US ambassador to the United Nations has had his own success raising money from Wall Street.

He also got a dozen maxed-out contributions from financial executives, including a contribution from Cliff Asness, the cofounder of AQR Capital Management, records show. Asness has a net worth of $1.6 billion, according to Forbes.

Another financial leader who has been Haley’s top donor is Tim Draper, a longtime venture capitalist.

Asness and Draper did not return requests for comment.

Haley ended up raising over $5 million in the second quarter.

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