13F filer · CIK 19617 ↗
Jpmorgan Chase & Co
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$1.59T
−52% on the quarter before
Positions
7,406
668 new · 639 sold out
Top 10
26.3%
of the value
Est. gain
−$10.90B
on stocks held all quarter
Est. return
−0.7%
on those stocks since Q3 2025
Positions as of Dec 31, 2025, from Jpmorgan Chase & Co's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 37% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Netflix~$4.28BAdded · 0.6% → 0.4%+45,685,164 shares
- ServiceNow~$3.38BAdded · 0.4% → 0.4%+22,051,442 shares
- Ishares Us Treasury Bond ETF~$2.56BAdded · 0.1% → 0.3%+111,362,030 shares
- Totalenergies Se~$1.91BNew · 0.0% → 0.1%+29,225,535 shares
- Jpmorgan Betabuilders Europe ETF~$1.54BAdded · 0.1% → 0.4%+21,045,622 shares
- Jpmorgan Municipal ETF~$608.2MAdded · 0.0% → 0.0%+12,044,347 shares
- Ishares TrCALL~$590.2MAdded · 0.0% → 0.1%+7,320,000 underlying
- Ishares Silver TrPUT~$417.0MAdded · 0.1% → 0.3%+6,473,500 underlying
- Wisdomtree Japan Hedged Eq~$371.6MAdded · 0.0% → 0.0%+2,577,515 shares
- Ishares Bitcoin Trust ETFCALL~$305.8MAdded · 0.0% → 0.0%+6,160,000 underlying
Largest sells
Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Nvidia~$97.18BCut · 5.5% → 5.3%−521,097,426 shares
- Microsoft~$82.15BCut · 4.9% → 4.5%−169,855,946 shares
- Apple~$67.39BCut · 3.6% → 3.8%−247,891,951 shares
- Amazon~$47.38BCut · 2.4% → 2.3%−205,275,584 shares
- Meta~$43.28BCut · 2.4% → 1.8%−65,574,027 shares
- SPDR S&P 500 ETF Trust~$37.33BCut · 2.0% → 1.9%−54,744,622 shares
- Broadcom~$32.58BCut · 1.9% → 2.0%−94,138,866 shares
- Alphabet~$30.90BCut · 1.5% → 2.0%−98,456,591 shares
- Vanguard S&P 500 ETF~$26.85BCut · 1.0% → 0.5%−42,806,199 shares
- Alphabet~$23.52BCut · 1.0% → 1.3%−75,133,045 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOMMON · shares −53% · price −0.0% | 5.3% | $85.07B | −$37.0M | ||||||||
| MicrosoftCOMMON · shares −53% · price −6.6% | 4.5% | $71.46B | −$5.07B | ||||||||
| AppleCOMMON · shares −52% · price +6.8% | 3.8% | $61.28B | +$3.88B | ||||||||
| AmazonCOMMON · shares −56% · price +5.1% | 2.3% | $36.94B | +$1.80B | ||||||||
| BroadcomCOMMON · shares −50% · price +4.9% | 2.0% | $32.45B | +$1.52B | ||||||||
| AlphabetCOMMON · shares −49% · price +28.8% | 2.0% | $31.57B | +$7.07B | ||||||||
| SPDR S&P 500 ETF TrustFUND · shares −55% · price +2.4% | 1.9% | $30.39B | +$701.4M | ||||||||
| MetaCOMMON · shares −60% · price −10.1% | 1.8% | $28.95B | −$3.26B | ||||||||
| AlphabetCOMMON · shares −54% · price +28.8% | 1.3% | $20.24B | +$4.52B | ||||||||
| TeslaCOMMON · shares −50% · price +1.1% | 1.3% | $20.05B | +$222.8M | ||||||||
| MastercardCOMMON · shares −50% · price +0.4% | 1.1% | $17.82B | +$64.5M | ||||||||
| SPDR S&P 500 ETF TrPUTOPTION · shares −15% | 1.1% | $17.18B | — | ||||||||
| Eli LillyCOMMON · shares −37% · price +40.8% | 0.88% | $13.97B | +$4.05B | ||||||||
| Vanguard Total Intl Bond ETFFUND · shares −45% · price −2.3% | 0.84% | $13.33B | −$314.4M | ||||||||
| Walmart IncCOMMON · shares −50% · price +8.1% | 0.81% | $12.86B | +$963.8M | ||||||||
| Wells Fargo Co NewCOMMON · shares −55% · price +11.2% | 0.77% | $12.20B | +$1.23B | ||||||||
| Johnson & JohnsonCOMMON · shares −50% · price +11.6% | 0.76% | $12.12B | +$1.26B | ||||||||
| Abbvie IncCOMMON · shares −54% · price −1.3% | 0.75% | $11.97B | −$159.9M | ||||||||
| Vanguard Total Bond MarketFUND · shares −47% · price −0.4% | 0.65% | $10.34B | −$41.9M | ||||||||
| Mcdonalds CorpCOMMON · shares −54% · price +0.6% | 0.61% | $9.71B | +$55.3M | ||||||||
| Jpmorgan Betabuilders Japan ETFFUND · shares −50% · price −0.6% | 0.57% | $9.03B | −$56.2M | ||||||||
| Bank America CorpCOMMON · shares −56% · price +6.6% | 0.56% | $8.89B | +$550.9M | ||||||||
| Walt Disney Company (The)COMMON · shares −43% · price −0.6% | 0.55% | $8.71B | −$55.9M | ||||||||
| Lowes Cos IncCOMMON · shares −52% · price −4.0% | 0.55% | $8.70B | −$366.1M | ||||||||
| Exxon Mobil CorpCOMMON · shares −53% · price +6.7% | 0.53% | $8.47B | +$534.2M | ||||||||
| Total · 7,406 positions | 100% | $1.59T | −$10.90B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2025 to Q4 2025: 5,603 stocks held throughout, down $10.90B (−0.7%).
- Alphabet+$7.07B+29%
- Alphabet+$4.52B+29%
- Eli Lilly+$4.05B+41%
- Apple+$3.88B+7%
- Amazon+$1.80B+5%
- Meta−$3.26B−10%
- Oracle−$3.56B−31%
- Microsoft−$5.07B−7%
- ServiceNow−$12.12B−83%
- Netflix−$19.73B−92%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 50 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 12, 2026 | $1.81T+16% | SEC ↗ |
| Q1 2026 | May 13, 2026 (amended) | $1.56T−2% | SEC ↗ |
| Q4 2025 | Feb 11, 2026 | $1.59T−52% | SEC ↗ |
| Q3 2025 | Nov 7, 2025 (amended) | $3.34T+118% | SEC ↗ |
| Q2 2025 | Aug 12, 2025 | $1.53T+12% | SEC ↗ |
| Q1 2025 | May 12, 2025 | $1.37T+2% | SEC ↗ |
| Q4 2024 | Feb 12, 2025 | $1.34T−49% | SEC ↗ |
| Q3 2024 | Nov 8, 2024 (amended) | $2.63T+8% | SEC ↗ |
| Q2 2024 | Aug 12, 2024 (amended) | $2.44T+3% | SEC ↗ |
| Q1 2024 | May 10, 2024 (amended) | $2.37T+14% | SEC ↗ |
| Q4 2023 | Feb 12, 2024 (amended) | $2.08T+130% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $906.36B−2% | SEC ↗ |
| Q2 2023 | Aug 11, 2023 | $920.27B+12% | SEC ↗ |
| Q1 2023 | May 18, 2023 (amended) | $820.88B+8% | SEC ↗ |
| Q4 2022 | Feb 13, 2023 | $758.55B+9% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $696.38B−3% | SEC ↗ |
| Q2 2022 | Aug 11, 2022 | $717.86B−14% | SEC ↗ |
| Q1 2022 | May 11, 2022 | $830.28B−4% | SEC ↗ |
| Q4 2021 | Feb 11, 2022 (amended) | $865.90B+7% | SEC ↗ |
| Q3 2021 | Nov 12, 2021 | $808.68B−4% | SEC ↗ |
| Q2 2021 | Aug 12, 2021 | $838.21B+12% | SEC ↗ |
| Q1 2021 | May 12, 2021 | $749.21B+10% | SEC ↗ |
| Q4 2020 | Feb 19, 2021 (amended) | $680.63B+14% | SEC ↗ |
| Q3 2020 | Nov 12, 2020 (amended) | $595.09B+15% | SEC ↗ |
| Q2 2020 | Aug 11, 2020 | $518.17B+22% | SEC ↗ |
| Q1 2020 | May 12, 2020 | $425.90B−21% | SEC ↗ |
| Q4 2019 | Feb 11, 2020 | $536.28B+7% | SEC ↗ |
| Q3 2019 | Nov 12, 2019 | $502.15B−2% | SEC ↗ |
| Q2 2019 | Aug 7, 2019 | $511.43B+4% | SEC ↗ |
| Q1 2019 | May 7, 2019 | $489.55B+13% | SEC ↗ |
| Q4 2018 | Feb 11, 2019 | $432.49B−17% | SEC ↗ |
| Q3 2018 | Nov 13, 2018 (amended) | $522.20B+7% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $486.35B+4% | SEC ↗ |
| Q1 2018 | May 10, 2018 | $466.55B−2% | SEC ↗ |
| Q4 2017 | Feb 13, 2018 | $474.64B+5% | SEC ↗ |
| Q3 2017 | Nov 9, 2017 | $453.26B+4% | SEC ↗ |
| Q2 2017 | Aug 9, 2017 | $437.53B−0% | SEC ↗ |
| Q1 2017 | May 10, 2017 | $437.58B+5% | SEC ↗ |
| Q4 2016 | Feb 6, 2017 | $416.17B+2% | SEC ↗ |
| Q3 2016 | Nov 4, 2016 | $406.33B+1% | SEC ↗ |
| Q2 2016 | Aug 8, 2016 | $401.04B+3% | SEC ↗ |
| Q1 2016 | May 10, 2016 | $390.67B | SEC ↗ |