Troy Dean Edgar — DHS Deputy Secretary with Palantir, Defense Contractor Holdings
Deputy Secretary of the Department of Homeland Security (#2 official). Previously served as DHS Chief Financial Officer in Trump's first term. Former IBM executive (2021-present), founder of Global Conductor Inc. (management consulting) and Prospect House Media dba Ameritocracy.
IBM executive with unvested restricted stock units ($250K-$500K). Founder of Global Conductor Inc. with $1M-$5M promissory note. Multiple residential and commercial real estate holdings in California and Texas. Held Palantir, Amazon, Raytheon, and other DHS contractor stocks prior to divestiture.
Troy Dean Edgar is the Deputy Secretary of the Department of Homeland Security, the second-highest official in the department that oversees ICE, CBP, and the entire immigration enforcement apparatus. His disclosed net worth is $6.9M (asset range $6.9M-$23M+). Before returning to government, Edgar was an IBM executive and management consultant. He previously served as DHS Chief Financial Officer during Trump’s first term.
Conflict of Interest
As DHS Deputy Secretary, Edgar oversees the department that awards billions in contracts to companies in which he held stock. Prior to his March 25, 2025 bulk divestiture, Edgar held positions in:
- Palantir Technologies (PLTR) – provider of ICE’s core enforcement platform (ICM/FALCON), with $1B+ in DHS contracts
- Amazon (AMZN) – major cloud services provider to DHS (AWS GovCloud)
- Raytheon Technologies (RTX) – defense and border security contractor
- ServiceNow (NOW) – IT services platform used across DHS
- Goldman Sachs, JPMorgan Chase, Morgan Stanley – financial institutions involved in detention facility financing
He retains $250K-$500K in unvested IBM restricted stock units. IBM provides extensive IT and consulting services to DHS. He also holds a $1M-$5M promissory note from Global Conductor Inc., his own management consulting firm, which raises questions about whether clients of that firm have DHS business.
Financial Disclosures
Per OGE filing (ProPublica Trump Town):
- Total asset range: $6.9M-$23M+
- Net worth: $6.9M disclosed
- Global Conductor Inc. promissory note: $1M-$5M
- Residential property, Fountain Valley, CA: $1M-$5M
- US Bank accounts (Family Trust): $1M-$5M and $500K-$1M
- Fidelity Treasury Only Portfolio (FSIXX): $1M-$5M
- Fidelity Blue Chip Growth Fund (FBGRX): $500K-$1M
- PIMCO Income Fund (PIINX): $500K-$1M
- IBM unvested restricted stock units: $250K-$500K
- Fidelity Total Market Index Fund (FSKAX): $250K-$500K
- Multiple residential/commercial properties: $250K-$500K each (Norco CA, Dallas TX, Encino CA)
- Divested on 2025-03-25: 62 stock positions including Palantir, Amazon, Raytheon, Goldman Sachs, JPMorgan, Microsoft ($15K-$50K), Apple ($15K-$50K), Nvidia ($15K-$50K)
- 110 total holdings, 62 transactions, 6 outside roles, 9 agreements
Significance
Edgar is the most senior operational leader in the detention pipeline’s command structure. As Deputy Secretary, he has direct authority over ICE and CBP – the agencies that drive detention demand, award facility contracts, and deploy Palantir’s surveillance tools. His pre-appointment portfolio read like a DHS contractor index fund: Palantir for surveillance, Raytheon for border technology, Amazon for cloud infrastructure, IBM for IT services. While he executed a bulk divestiture upon taking office, the question remains whether someone whose personal wealth was so deeply intertwined with the DHS contractor ecosystem can make impartial decisions about that ecosystem. His retained IBM stock units ($250K-$500K) and the $1M-$5M Global Conductor promissory note represent ongoing financial ties that warrant scrutiny.