JPFormer officialDeparted Apr 22, 2026Secretary of the Navy · Department of Defense - Department of the Navy
Phelan reported 43 sales (est. $86.1M) and 28 purchases (est. $7.2M). 2 of 71 transactions were filed late.
Last filing: Jun 5, 2026|Transactions: Mar 24, 2025 – Apr 20, 2026
This total aggregates every source filing listed below. Public trackers focused on a single disclosure may report smaller counts for the same official.
Get an email when Open Cabinet publishes an important update to John Phelan's disclosure record.
No spam. Unsubscribe by replying to any alert.
One dot per disclosed trade, sized by amount. Red = sale, green = purchase.
| Date | Description | Type | Amount | Source |
|---|---|---|---|---|
| Apr 20, 2026 | Valence8 PE 2024 Fund | Purchase | $100K-$250K | |
| Apr 20, 2026 | Valence8 PE 2025 Fund | Purchase | $250K-$500K | |
| Apr 15, 2026 | Carriage House Investments LLP | Sale | $500K-$1M |
Reviewed financial disclosure documents the Office of Government Ethics has published or recorded for John Phelan. Open Cabinet summarizes listed documents observationally and links to the source PDF where one is publicly available. We do not issue compliance verdicts — that is OGE’s role, not ours.
Published reporting on John Phelan's financial disclosures from major outlets.
AI-assisted search across major outlets.
Phelan, founder of private investment firm Rugger Management LLC, was confirmed as Navy secretary by a 62-30 Senate vote.
Original PDFs from the U.S. Office of Government Ethics. These are the documents Open Cabinet parses.
Source: U.S. Office of Government Ethics, 278-T Periodic Transaction Report. Asset values and transaction amounts are reported in ranges as required by federal law. View original filings
| Apr 13, 2026 | Valence8 Cayman LP | Sale | $100K-$250K |
| Apr 10, 2026 | HealthQuest Tactical Opportunities Fund L.P. | Purchase | $15K-$50K |
| Apr 10, 2026 | Kingfish Investments X, LLC | Sale | $50K-$100K |
| Apr 10, 2026 | MSD Special Investments Fund L.P. | Sale | $15K-$50K |
| Apr 8, 2026 | RCP GP Fund II, LP | Purchase | $100K-$250K |
| Apr 1, 2026 | Cresta Operating Partners (Non-Op Fund) LP | Purchase | $250K-$500K |
| Apr 1, 2026 | Cresta Royalty Partners II LP | Purchase | $50K-$100K |
| Mar 31, 2026 | Bear Lake Operations LLC | Purchase | $250K-$500K |
| Mar 31, 2026 | Cresta Royalty Partners LP | Sale | $15K-$50K |
| Mar 31, 2026 | Cresta SC Fund I-A LP | Purchase | $15K-$50K |
| Mar 31, 2026 | Dawson Portfolio Finance 5 LP | Sale | $15K-$50K |
| Mar 31, 2026 | RCG Ventures Fund VIII | Sale | $1K-$15K |
| Mar 30, 2026 | Valence8 PE 2025 Fund | Purchase | $1M-$5M |
| Mar 27, 2026 | Kingfish Investments V, LLC | Sale | $250K-$500K |
| Mar 27, 2026 | Kingfish Investments X, LLC | Sale | $1M-$5M |
| Mar 27, 2026 | MSD Investment Corp. (BDC) | Sale | $250K-$500K |
| Mar 24, 2026 | HealthQuest Tactical Opportunities Fund, L.P. | Purchase | $15K-$50K |
| Mar 23, 2026 | 26North BDC, Inc. | Purchase | $100K-$250K |
| Mar 20, 2026 | Dawson Portfolio Finance LP | Purchase | $50K-$100K |
| Mar 17, 2026 | Double Mako Investments LLC | Sale | $1M-$5M |
| Mar 17, 2026 | White Tip Investments LLC | Sale | $1M-$5M |
| Mar 13, 2026 | MSD Capital, LP | Sale | $1M-$5M |
| Mar 13, 2026 | MSD Partners, L.P. | Sale | $1M-$5M |
| Mar 12, 2026 | 26North BDC, Inc. | Sale | $15K-$50K |
| Mar 11, 2026 | MSD Special Investments Fund II, L.P. | Sale | $50K-$100K |
| Feb 27, 2026 | MSD Hospitality Partners LP | Sale | $50M+ |
| Feb 26, 2026 | Bear Lake Operations LLC | Purchase | $250K-$500K |
| Feb 26, 2026 | Dawson Portfolio Finance 5 LP | Sale | $1K-$15K |
| Feb 23, 2026 | RCG Ventures Fund VIII | Sale | $15K-$50K |
| Feb 19, 2026 | Caden Opportunity Fund | Sale | $1M-$5M |
| Feb 13, 2026 | NFP Continuation Partners LP | Sale | $250K-$500K |
| Feb 12, 2026 | HealthQuest Tactical Opportunities Fund LP | Purchase | $250K-$500K |
| Feb 11, 2026 | MSD EIV Private LLC | Purchase | $50K-$100K |
| Feb 11, 2026 | MSD Special Investments Fund II, LP | Purchase | $15K-$50K |
| Feb 11, 2026 | RCG Momentum LP | Sale | $50K-$100K |
| Feb 10, 2026 | MSD EIV Private LLC | Sale | $100K-$250K |
| Feb 9, 2026 | MSD Real Estate Credit Opportunity Fund II | Purchase | $100K-$250K |
| Feb 6, 2026 | SRP Continuation Partners LP | Sale | $15K-$50K |
| Feb 4, 2026 | Bear Lake Operations LLC | Purchase | $100K-$250K |
| Jan 30, 2026 | Cresta Royalty Partners II | Purchase | $500K-$1M |
| Jan 29, 2026 | Dawson Portfolio Finance 5 LP | Sale | $1K-$15K |
| Jan 29, 2026 | Kingfish Investments II, LLC | Sale | $100K-$250K |
| Jan 29, 2026 | Vesper Muse LLC | Purchase | $15K-$50K |
| Jan 28, 2026 | GMF Group Fund II, LLC | Purchase | $500K-$1M |
| Jan 28, 2026 | Turnbridge Equities Real Estate Fund II | Purchase | $100K-$250K |
| Jan 27, 2026 | RMDC, Inc. | Sale | $500K-$1M |
| Jan 26, 2026 | Kingfish Investments II, LLC | Sale | $15K-$50K |
| Jan 20, 2026 | MSD Special Investments Fund II, LP | Purchase | $50K-$100K |
| Jan 20, 2026 | Valence8 PE 2024 Fund | Purchase | $250K-$500K |
| Jan 13, 2026 | HealthQuest Tactical Opportunities LP | Purchase | $15K-$50K |
| Jan 12, 2026 | MSD Holdings, LP | Sale | $100K-$250K |
| Jan 9, 2026 | Cotulla Aviation LP | Sale | $1M-$5M |
| Jan 8, 2026 | MSD Investment Corp. (BDC) | Purchase | $250K-$500K |
| Jan 5, 2026 | Kingfish Investments X, LLC | Sale | $500K-$1M |
| Nov 26, 2025 | Dawson Portfolio Finance 5 LP | Sale | $15K-$50K |
| Nov 26, 2025 | Kingfish Investments X, LLC | Sale | $1M-$5M |
| Nov 26, 2025 | MSD Capital, LP | Sale | $1M-$5M |
| Nov 20, 2025 | MSD EIV Private LLC - Series B | Purchase | $1K-$15K |
| Nov 20, 2025 | SRP Continuation Partners LP | Sale | $15K-$50K |
| Nov 18, 2025 | HealthQuest Tactical Opportunities Fund | Purchase | $15K-$50K |
| Nov 14, 2025 | RCG Momentum LP | Sale | $50K-$100K |
| Nov 13, 2025 | AAG KP LP | Purchase | $1M-$5M |
| Nov 12, 2025 | RCP GP Fund II LP | Purchase | $100K-$250K |
| Nov 4, 2025 | HealthQuest Tactical Opportunities Fund | Purchase | $15K-$50K |
| Nov 3, 2025 | Double Mako Investments, LLC | Sale | $5M-$25M |
| Nov 3, 2025 | NFP Continuation Partners LP | Sale | $250K-$500K |
| Nov 3, 2025 | White Tip Investments, LLC | Sale | $250K-$500K |
| Oct 30, 2025 | RCG Ventures Fund VIII | Sale | $15K-$50K |
| Oct 27, 2025 | MSD Special Investments Fund II | Sale | $50K-$100K |
| Oct 20, 2025 | Valence8 PE 2022 Fund | Purchase | $50K-$100K |
| Oct 20, 2025 | Valence8 PE 2023 Fund | Purchase | $100K-$250K |
| Oct 20, 2025 | Valence8 PE 2024 Fund | Purchase | $250K-$500K |
| Oct 17, 2025 | HealthQuest Tactical Opportunities Fund | Purchase | $15K-$50K |
| Oct 15, 2025 | Caden Long Equity Fund | Sale | $100K-$250K |
| Oct 15, 2025 | RCP APM Holdings LLC | Purchase | $500K-$1M |
| Oct 15, 2025 | RM Atlantic Point Marina | Purchase | $1M-$5M |
| Oct 14, 2025 | 26Nova Co-Invest | Purchase | $1M-$5M |
| Oct 14, 2025 | ACG Cakes LP | Purchase | $1M-$5M |
| Oct 14, 2025 | Dawson Portfolio Finance 5 LP | Sale | $1K-$15K |
| Oct 9, 2025 | Kingfish Investments VI, LLC | Sale | $1M-$5M |
| Oct 8, 2025 | Cresta Operating Partners LP | Purchase | $250K-$500K |
| Oct 8, 2025 | Kingfish Investments II, LLC | Sale | $100K-$250K |
| Oct 8, 2025 | Turnbridge Real Estate Fund II | Purchase | $100K-$250K |
| Oct 3, 2025 | Two Roads Developments LLC loan | Sale | $500K-$1M |
| Oct 2, 2025 | HealthQuest Tactical Opportunities Fund | Purchase | $15K-$50K |
| Sep 30, 2025 | Cresta Royalty Partners LP | Sale | $50K-$100K |
| Sep 30, 2025 | MSD Hospitality Partners LP | Sale | $500K-$1M |
| Sep 29, 2025 | Dawson Portfolio Finance 5 LP | Sale | $1K-$15K |
| Sep 26, 2025 | Carriage House Investments LLP | Sale | $100K-$250K |
| Sep 26, 2025 | Cresta SC Fund I-A LP | Sale | $50K-$100K |
| Sep 26, 2025 | MSD Investment Corp. (BDC) | Sale | $250K-$500K |
| Sep 25, 2025 | Dawson Portfolio Finance 5 LP | Purchase | $15K-$50K |
| Sep 25, 2025 | MSD EIV Private, LLC | Purchase | $15K-$50K |
| Sep 24, 2025 | 26North BDC, Inc. | Purchase | $100K-$250K |
| Sep 24, 2025 | TMG Haynesville Investors, LLC | Purchase | $250K-$500K |
| Sep 19, 2025 | Cotulla Aviation LP | Sale | $1M-$5M |
| Sep 18, 2025 | Cresta Royalty Partners II LP | Purchase | $100K-$250K |
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) recorded by OGE as pending final disposition. Itemized document is not publicly downloadable from the OGE portal; available via Form 201 request.
Periodic transaction report (Form 278-T) recorded by OGE as pending final disposition. Itemized document is not publicly downloadable from the OGE portal; available via Form 201 request.
Periodic transaction report (Form 278-T) recorded by OGE without a publicly downloadable PDF in this dataset. Itemized document is available via Form 201 request.
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
OGE-issued Certificate of Divestiture providing tax-deferral treatment for a specific qualifying divestiture. Document content is not publicly downloadable; available via Form 201 request from OGE.
Letter signed by John Phelan committing to specific divestitures, recusals and resignations to avoid conflicts of interest in the Secretary of the Navy role. See PDF for the full enumerated commitments.
Public financial disclosure filed before Senate confirmation. Lists assets, income sources, liabilities and outside positions held at time of nomination for the Secretary of the Navy role. See PDF for itemized holdings.
Source: U.S. Office of Government Ethics public disclosure portal. Document summaries are observational and do not constitute compliance determinations. Compliance with ethics agreements is certified by OGE in their own Compliance Certification document, which is listed above when on file.