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 1 .)
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 2 .)
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 3 .)
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). 4
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.
