NEW YORK, December 29, 2025, 10:19 ET
Key points:
- James Hambro & Partners LLP cut its JPMorgan stake by 5.4% in the third quarter, selling 39,479 shares, a filing showed.
- OFI Invest Asset Management and DAVENPORT & Co LLC also reported trimming their JPMorgan holdings in separate disclosures.
- JPMorgan shares were down about 0.7% in morning New York trading.
James Hambro & Partners LLP trimmed its stake in JPMorgan Chase & Co (JPM.N) by 5.4% in the third quarter, selling 39,479 shares, a regulatory filing showed. Two other money managers also disclosed smaller reductions in separate filings.
The filings matter because they offer a rare, standardized snapshot of how professional investors were positioned in the largest U.S. bank as markets head into year-end and portfolio managers reset exposures for the new quarter.
The disclosures are filed with the U.S. Securities and Exchange Commission and typically reflect holdings at quarter-end, meaning they can lag any more recent buying or selling.
In its latest report, James Hambro said it ended the quarter with 690,000 JPMorgan shares worth about $217.6 million, making the bank its second-largest position and about 7.7% of its portfolio. (See the summary here.)
DAVENPORT & Co LLC said it cut its JPMorgan position by 1.2% in the third quarter, selling 7,303 shares and ending with 579,211 shares valued at about $182.7 million. (Details here.)
OFI Invest Asset Management reported a 4.1% reduction, selling 17,918 shares and finishing the quarter with 424,183 shares worth about $133.8 million. (Details here.)
Together, the three investors reported holding about 1.69 million JPMorgan shares worth roughly $534 million at the end of the period, based on the figures in the filings.
Institutional investors and hedge funds own about 71.55% of JPMorgan’s stock, according to MarketBeat’s compilation of ownership data tied to the filings.
JPMorgan shares were down about 0.7% at $325.48 in morning New York trading.
The filings landed as investors kept a bullish tone into the final week of 2025 on expectations of easier U.S. monetary policy. “We’re not seeing runaway inflation risk as a base case so we’re still thinking the Fed has room to cut,” Fidelity International multi-asset portfolio manager Becky Qin said in a Reuters markets report.
JPMorgan sits at the top of the Federal Reserve’s latest quarterly ranking of large U.S.-chartered commercial banks by consolidated assets, ahead of peers including Bank of America (BAC.N), Citigroup (C.N) and Wells Fargo (WFC.N). Federal Reserve
The bank last reported quarterly results in October, when it posted earnings per share of $5.07 on revenue of $47.12 billion, MarketBeat’s earnings summary said.
JPMorgan has also declared a quarterly dividend of $1.50 a share, with the stock set to trade ex-dividend on Jan. 6 and payment due Jan. 31, MarketBeat reported.
Investors track the quarterly disclosures to gauge how big holders are leaning on major U.S. money-center banks, even though the filings can lag real-time trading by weeks.
