President Trump's reelection campaign announced Thursday that it had raised $46 million in the fourth quarter, surpassing the funds raised by Democratic candidates.

Trump's campaign fundraising passes up quarterly totals from Sen. Bernie Sanders (I-VT), entrepreneur Andrew Yang, and former mayor of South Bend, Indiana, Pete Buttigieg. In the fourth quarter, Sanders raised $34.5 million, Yang raised $16.5 million, and Buttigieg raised $24.7 million.

Trump's campaign said it had $102.7 million in cash on hand going into 2020.

Read more: Sanders campaign raised more than $34.5 million in 4th quarter