JPMORGAN CHASE & CO
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 50 quarters, returned +3.5% per quarter — versus +1.9% per quarter from simply owning every 13F stock. It beat that baseline in only 62.0% of quarters (excess t = 1.05, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 6788 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| NVDA | $87.6B | | HOLD |
| AAPL | $64.5B | | HOLD |
| MSFT | $49.8B | | TRIM −9% |
| GOOG | $48.4B | | ADD +37% |
| AMZN | $40.3B | | ADD +5% |
| AVGO | $35.4B | | HOLD |
| SPY | $35.3B | | ADD +7% |
| GOOGL | $32.5B | | ADD +42% |
| MU | $29.6B | | ADD +96% |
| META | $25.8B | | ADD +5% |
| AMD | $21.7B | | ADD +93% |
| LRCX | $18.6B | | ADD +93% |
| TSLA | $17.3B | | TRIM −6% |
| VOO | $16.3B | | ADD ×2.1 |
| LLY | $15.5B | | TRIM −3% |
| IVV | $15.3B | | ADD +85% |
| JNJ | $15.1B | | HOLD |
| BNDX | $15.1B | | ADD +13% |
| MA | $14.4B | | TRIM −10% |
| ABBV | $12.2B | | TRIM −9% |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q2
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.