According to the disclosure by the USA Securities and Exchange Commission (SEC), JPMorgan (JPM.US) submitted the Form 13F for the fourth quarter ending December 31, 2024.

According to Statistics, the total market value of JPMorgan's U.S. stock holdings in the fourth quarter was 1.34 trillion USD, while the total market value in the previous quarter was 1.32 trillion USD, reflecting a quarter-on-quarter growth of approximately 2%. The institution added 563 new stocks to its U.S. stock investment portfolio in the fourth quarter, increased shareholding in 3,464 stocks, reduced shareholding in 2,616 stocks, and fully exited 609 stocks. Notably, the top ten holdings in the fourth quarter accounted for 24.3% of JPMorgan's total market value in U.S. stocks.

JPMorgan's top ten holdings in the fourth quarter remained concentrated in the most prominent U.S. technology giants, showing no change in the global funds' continued bet on large-cap tech stocks. Among them, NVIDIA, Apple, and Amazon received modest increases in shareholding during this quarter, while Microsoft, Meta, and Google experienced slight reductions. In addition, MasterCard saw a slight increase in shareholding, whereas the SPDR S&P 500 ETF was reduced.

Among the top ten holdings of JPMorgan, $Microsoft (MSFT.US)$it still firmly ranks first, with a holding of approximately 0.135 billion shares, a holding market value of about 56.9 billion USD, accounting for 4.24% of the portfolio, a decrease of 2.11% compared to the overall holding quantity in the previous quarter.

$NVIDIA (NVDA.US)$ranks second, with a holding of approximately 0.414 billion shares, a holding market value of about 55.571 billion USD, accounting for 4.14% of the portfolio, an increase of 1.11% compared to the holding quantity in the previous quarter.

$Apple (AAPL.US)$ It ranks third, with a holding of approximately 0.183 billion shares, a market value of approximately 45.829 billion USD, accounting for 3.41% of the portfolio, which is an increase of 2.06% in the number of shares compared to the previous quarter.

$Amazon (AMZN.US)$It ranks fourth, with a holding of approximately 0.183 billion shares, a market value of 40.122 billion USD, accounting for 2.99% of the portfolio, which is an increase of 1.76% in the number of shares compared to the previous quarter.

$SPDR S&P 500 ETF (SPY.US)$ It ranks fifth, with a holding of approximately 53.19 million shares, a market value of 31.172 billion USD, accounting for 2.32% of the portfolio, which is a decrease of 6.16% in the number of shares compared to the previous quarter.

It is worth mentioning that among the top ten heavy stocks, JPMorgan also significantly increased its shareholding.$Broadcom (AVGO.US)$and$Tesla (TSLA.US)$Institution increased their shareholdings by 17.24 million shares and 4.27 million shares, with holdings growing by 28% and 14% respectively. Previously, hopes for Trump's return to the White House and Musk's newfound political stature paved the way for Tesla's ambition to achieve full automation in driving, causing Tesla's stock price to soar at one point, but it also raised concerns about detachment from fundamentals, leading to consecutive declines recently. Broadcom benefited from the AI boom, and the company's overall growth along with its strategic position in realizing next-generation AI technology supported a strong performance in its stock. In mid-December, Broadcom released an earnings report that exceeded expectations, with AI revenue growing 220% in 2024, reaching 12.2 billion USD.

In the fourth quarter, JPMorgan initiated a position in$KinderCare Learning Companies (KLC.US)$、 $Sunrise Communications AG (SNRE.US)$ and exited positions in.$Palisade Bio (PALI.US)$、$Orgenesis (ORGS.US)$and other stocks.

In this quarter, JPMorgan increased its shareholding.$McDonald's (MCD.US)$、$Salesforce (CRM.US)$、$Walmart (WMT.US)$And the number of Hold Positions increased by 24.26%, 31.05%, and 68.12%, meanwhile, the institution reduced its Shareholding.$Uber Technologies (UBER.US)$、$Chevron (CVX.US)$And the number of Hold Positions decreased by 27.52% and 20.64%.

From the change in Hold Positions ratio, the top five Buy symbols are: Broadcom, Tesla, Amazon, NVIDIA, and Apple. The top five Sell symbols are:$Eli Lilly and Co (LLY.US)$、 $Microsoft (MSFT.US)$ 、$UnitedHealth (UNH.US)$、$Jpmorgan Betabuilders Europe Etf (BBEU.US)$ and$Regeneron Pharmaceuticals (REGN.US)$。

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