JPMORGAN CHASE & CO

Bank broker Mechanical CIK 19617
League rank
#17
in Bank broker · #3099 overall
Long book
$1.47T
Q1 2026
Positions
6260
Top-10 weight
25%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

JPMORGAN CHASE & CO is a bank/brokerage whose filings mix client and house positions, running a $1.47T US long book across 6260 positions.

The portfolio is broadly diversified across 6260 positions (top 10 only 25%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL C.

Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+5.9%
Q3 2024
+1.1%
Q4 2024
-3.8%
Q1 2025
+10.5%
Q2 2025
+7.0%
Q3 2025
+1.7%
Q4 2025
-4.0%
Q1 2026
+12.4%

Sector allocation

Technology
37%
Industrials
11%
Healthcare
11%
Financials
11%
Consumer discretionary
10%
Services media
5%
Utilities
4%
Energy
4%

Long book by quarter

$2.24T
Q1 2024
$2.32T
Q2 2024
$2.49T
Q3 2024
$1.26T
Q4 2024
$1.31T
Q1 2025
$1.45T
Q2 2025
$3.13T
Q3 2025
$1.48T
Q4 2025
$1.47T
Q1 2026

What does JPMORGAN CHASE own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology447.8M$73.96B5.0%-1.8%
AAPL APPLE INCTechnology231.6M$57.12B3.9%+2.8%
MSFT MICROSOFT CORPTechnology127.1M$45.63B3.1%-14.0%
AMZN AMAZON.COM INCConsumer discretionary168.9M$33.95B2.3%+5.6%
GOOG ALPHABET INC-CL CTechnology119.8M$32.73B2.2%+19.1%
AVGO BROADCOM INCTechnology91.8M$26.93B1.8%-2.1%
META META PLATFORMS INC-CLASS ATechnology50.2M$26.92B1.8%+14.4%
GOOGL ALPHABET INC-CL ATechnology70.9M$19.40B1.3%+9.7%
TSLA TESLA INCIndustrials46.1M$16.37B1.1%+3.3%
MA MASTERCARD INC - AServices media32.7M$16.13B1.1%+4.6%
JNJ JOHNSON & JOHNSONHealthcare63.1M$15.30B1.0%+7.7%
WMT WALMART INCConsumer discretionary122.5M$15.13B1.0%+6.1%
XOM EXXON MOBIL CORPEnergy85.6M$14.68B1.0%+21.6%
LLY ELI LILLY & COHealthcare13.7M$12.15B0.8%+5.4%
ABBV ABBVIE INCHealthcare56.7M$12.09B0.8%+8.3%
MCD MCDONALD'S CORPConsumer discretionary37.7M$11.62B0.8%+18.5%
NEE NEXTERA ENERGY INCUtilities112.0M$10.31B0.7%+9.8%
WFC WELLS FARGO & COFinancials129.2M$9.92B0.7%-1.3%
LOW LOWE'S COS INCConsumer discretionary37.1M$8.63B0.6%+2.9%
PM PHILIP MORRIS INTERNATIONALConsumer staples51.6M$8.50B0.6%+23.7%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials16.4M$7.77B0.5%+27.0%
RTX RTX CORPIndustrials41.4M$7.74B0.5%+28.8%
DIS WALT DISNEY CO/THEServices media76.9M$7.25B0.5%+0.4%
TXN TEXAS INSTRUMENTS INCTechnology38.4M$7.16B0.5%+35.5%
MS MORGAN STANLEYFinancials43.6M$6.90B0.5%+22.0%
SCHW SCHWAB (CHARLES) CORPFinancials73.8M$6.87B0.5%+9.9%
TT TRANE TECHNOLOGIES PLCTechnology16.7M$6.76B0.5%+1.8%
ETN EATON CORP PLCIndustrials19.3M$6.63B0.5%+6.2%
MMM 3M COHealthcare46.4M$6.62B0.4%+1.9%
LRCX LAM RESEARCH CORPIndustrials32.7M$6.54B0.4%+39.2%
ADI ANALOG DEVICES INCTechnology20.7M$6.28B0.4%-7.7%
MRK MERCK & CO. INC.Healthcare53.0M$6.26B0.4%+81.4%
BAC BANK OF AMERICA CORPFinancials132.3M$6.25B0.4%-18.1%
AXP AMERICAN EXPRESS COFinancials20.4M$6.07B0.4%-3.0%
APH AMPHENOL CORP-CL ATechnology49.3M$5.87B0.4%+43.5%
NFLX NETFLIX INCServices media63.0M$5.85B0.4%-0.9%
GS GOLDMAN SACHS GROUP INCFinancials7.2M$5.83B0.4%-8.4%
INTU INTUIT INCTechnology13.1M$5.62B0.4%+11.9%
BMY BRISTOL-MYERS SQUIBB COHealthcare92.5M$5.52B0.4%+22.7%
GEV GE VERNOVA INCIndustrials6.8M$5.52B0.4%+6.4%
PEP PEPSICO INCConsumer staples34.8M$5.46B0.4%+17.6%
KO COCA-COLA CO/THEConsumer staples70.6M$5.38B0.4%+0.8%
DE DEERE & COIndustrials9.5M$5.27B0.4%-1.3%
SYK STRYKER CORPHealthcare15.6M$5.09B0.3%+28.4%
MU MICRON TECHNOLOGY INCTechnology15.8M$5.08B0.3%+19.9%
UNH UNITEDHEALTH GROUP INCFinancials19.1M$5.00B0.3%+11.1%
PG PROCTER & GAMBLE CO/THEOther33.2M$4.81B0.3%+64.3%
EOG EOG RESOURCES INCEnergy31.8M$4.77B0.3%-6.2%
AMD ADVANCED MICRO DEVICESTechnology24.2M$4.75B0.3%+16.0%
HWM HOWMET AEROSPACE INCIndustrials21.0M$4.68B0.3%-24.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 202633063$1.56T SEC ↗
Q1 202613F-HR/ARESTATEMENTMay 13, 202633063$1.56T canonicalSEC ↗
Q4 202513F-HRFeb 11, 202631795$1.59T canonicalSEC ↗
Q3 202513F-HR/ANEW HOLDINGSNov 26, 202532847$1.67T canonicalSEC ↗
Q3 202513F-HRNov 7, 202532847$1.67T canonicalSEC ↗
Q2 202513F-HRAug 12, 202531400$1.53T canonicalSEC ↗
Q1 202513F-HRMay 12, 202533562$1.37T canonicalSEC ↗
Q4 202413F-HRFeb 12, 202533339$1.34T canonicalSEC ↗
Q3 202413F-HR/ANEW HOLDINGSDec 26, 202433867$1.32T canonicalSEC ↗
Q3 202413F-HRNov 8, 202433716$1.31T canonicalSEC ↗
Q2 202413F-HR/ANEW HOLDINGSDec 26, 202433036$1.22T canonicalSEC ↗
Q2 202413F-HRAug 12, 202432916$1.22T canonicalSEC ↗
Q1 202413F-HR/ANEW HOLDINGSDec 26, 202432120$1.18T canonicalSEC ↗
Q1 202413F-HRMay 10, 202432040$1.18T canonicalSEC ↗