JPMorgan Chase & Co.
MX ˙ BMV ˙ US46625H1005
SecurityMX:JPM / JPMorgan Chase & Co.
InstitutionSmead Capital Management, Inc.
Latest Disclosed Ownership416,094 shares
Latest Disclosed Value $ 122,398,300
Smead Capital Management, Inc. reports 26.07% decrease in ownership of JPM / JPMorgan Chase & Co.

On May 14, 2026 - Smead Capital Management, Inc. filed a 13F-HR form disclosing ownership of 416,094 shares of JPMorgan Chase & Co. (MX:JPM) valued at $122,398,300 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 562,792 shares of JPMorgan Chase & Co.. This represents a change in shares of -26.07% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F JPMORGAN CHASE COM 46625H100 416,094 -146,698 -26.07 122,398 -32.50 2.6625
2026-02-09 2025-12-31 13F JPMORGAN CHASE COM 46625H100 562,792 -39,155 -6.50 181,343 -4.49 3.7630
2025-11-10 2025-09-30 13F JPMORGAN CHASE COM 46625H100 601,947 -46,056 -7.11 189,872 1.07 3.6680
2025-08-14 2025-06-30 13F JPMORGAN CHASE COM 46625H100 648,003 -339,152 -34.36 187,862 -22.42 3.7613
2025-05-14 2025-03-31 13F JPMORGAN CHASE COM 46625H100 987,155 -93,373 -8.64 242,149 -6.51 4.1511
2025-02-12 2024-12-31 13F JPMORGAN CHASE COM 46625H100 1,080,528 -328,993 -23.34 259,013 -12.85 4.0155
2024-11-07 2024-09-30 13F JPMORGAN CHASE COM 46625H100 1,409,521 47,541 3.49 297,212 7.89 4.2399
2024-08-09 2024-06-30 13F JPMORGAN CHASE COM 46625H100 1,361,980 -89,124 -6.14 275,474 -5.22 4.3007
2024-07-16 2024-03-31 13F/A-1 JPMORGAN CHASE COM 46625H100 1,451,104 59,893 4.31 290,656 22.82 4.5347
2024-05-10 2024-03-31 13F JPMORGAN CHASE COM 46625H100 1,451,104 59,893 290,656 4.5347
2024-01-31 2023-12-31 13F JPMORGAN CHASE COM 46625H100 1,391,211 9,782 0.71 236,645 18.12 4.2376
2023-11-13 2023-09-30 13F JPMORGAN CHASE COM 46625H100 1,381,429 -44,254 -3.10 200,335 -3.38 4.0879
2023-08-11 2023-06-30 13F JPMORGAN CHASE COM 46625H100 1,425,683 -20,439 -1.41 207,351 10.03 4.1170
2023-05-12 2023-03-31 13F JPMORGAN CHASE COM 46625H100 1,446,122 47,787 3.42 188,444 0.49 3.7554
2023-02-10 2022-12-31 13F JPMORGAN CHASE COM 46625H100 1,398,335 120,267 9.41 187,517 40.40 4.0110
2022-11-10 2022-09-30 13F JPMORGAN CHASE COM 46625H100 1,278,068 20,325 1.62 133,558 -5.70 3.4726
2022-08-12 2022-06-30 13F JPMORGAN CHASE COM 46625H100 1,257,743 81,557 6.93 141,634 -11.67 3.6220
2022-05-13 2022-03-31 13F JPMORGAN CHASE COM 46625H100 1,176,186 177,956 17.83 160,338 1.43 3.7174
2022-02-14 2021-12-31 13F JPMORGAN CHASE COM 46625H100 998,230 178,160 21.72 158,070 17.75 4.1102
2021-11-12 2021-09-30 13F JPMORGAN CHASE COM 46625H100 820,070 24,324 3.06 134,237 8.46 4.5929
2021-07-30 2021-06-30 13F JPMORGAN CHASE COM 46625H100 795,746 90,903 12.90 123,770 15.35 4.3336
2021-05-04 2021-03-31 13F JPMORGAN CHASE COM 46625H100 704,843 58,504 9.05 107,298 30.64 4.7224
2021-02-03 2020-12-31 13F JPMORGAN CHASE COM 46625H100 646,339 -24,396 -3.64 82,130 27.19 4.7484
2020-11-04 2020-09-30 13F JPMORGAN CHASE COM 46625H100 670,735 -66,396 -9.01 64,572 -6.87 4.0908
2020-08-10 2020-06-30 13F JPMORGAN CHASE COM 46625H100 737,131 -56,471 -7.12 69,335 -2.96 4.3744
2020-04-30 2020-03-31 13F JPMORGAN CHASE COM 46625H100 793,602 -27,681 -3.37 71,448 -37.59 5.0685
2020-01-30 2019-12-31 13F JPMORGAN CHASE COM 46625H100 821,283 13,845 1.71 114,487 20.48 5.0918
2019-10-25 2019-09-30 13F JPMORGAN CHASE COM 46625H100 807,438 -23,185 -2.79 95,027 2.33 4.6426
2019-07-26 2019-06-30 13F JPMORGAN CHASE COM 46625H100 830,623 -25,162 -2.94 92,864 7.19 4.4695
2019-05-09 2019-03-31 13F JPMORGAN CHASE COM 46625H100 855,785 -21,978 -2.50 86,631 1.10 4.3967
2019-02-04 2018-12-31 13F JPMORGAN CHASE COM 46625H100 877,763 -43,767 -4.75 85,687 -17.60 4.4782
2018-10-23 2018-09-30 13F JPMORGAN CHASE COM 46625H100 921,530 -23,806 -2.52 103,985 5.56 4.6959
2018-07-23 2018-06-30 13F JPMORGAN CHASE COM 46625H100 945,336 -17,215 -1.79 98,504 -6.94 4.6903
2018-05-04 2018-03-31 13F JPMORGAN CHASE COM 46625H100 962,551 -204,817 -17.55 105,852 -15.21 5.1277
2018-02-12 2017-12-31 13F JPMORGAN CHASE COM 46625H100 1,167,368 -68,653 -5.55 124,838 5.75 5.6857
2017-11-06 2017-09-30 13F JPMORGAN CHASE COM 46625H100 1,236,021 -24,419 -1.94 118,052 2.47 5.6207
2017-07-27 2017-06-30 13F JPMORGAN CHASE COM 46625H100 1,260,440 -32,532 -2.52 115,204 1.43 5.5527
2017-05-11 2017-03-31 13F JPMORGAN CHASE COM 46625H100 1,292,972 -165,131 -11.33 113,575 -9.73 5.7201
2017-02-08 2016-12-31 13F JPMORGAN CHASE COM 46625H100 1,458,103 -197,116 -11.91 125,820 14.15 6.3839
2016-11-07 2016-09-30 13F JPMORGAN CHASE COM 46625H100 1,655,219 -102,864 -5.85 110,221 0.89 5.2487
2016-08-05 2016-06-30 13F JPMORGAN CHASE COM 46625H100 1,758,083 -111,333 -5.96 109,247 -1.32 5.1312
2016-05-04 2016-03-31 13F Jpmorgan Chase COM 46625H100 1,869,416 -231,025 -11.00 110,707 -2.45 4.7815
2016-02-03 2015-12-31 13F JPMORGAN CHASE COM 46625H100 2,100,441 561,204 36.46 113,490 20.93 5.0619
2015-11-09 2015-09-30 13F JPMORGAN CHASE COM 46625H100 1,539,237 295,718 23.78 93,847 11.38 5.0078
2015-07-27 2015-06-30 13F JPMORGAN CHASE COM 46625H100 1,243,519 96,390 8.40 84,261 21.25 5.5010
2015-05-08 2015-03-31 13F JPMORGAN CHASE Com 46625H100 1,147,129 1,147,129 0.00 69,493 5.1134
2015-02-03 2014-12-31 13F JPMORGAN CHASE Com 46625H100 0 -661,012 -100.00 0 -100.00
2014-11-07 2014-09-30 13F JPMORGAN CHASE Com 46625H100 661,012 -630 -0.10 39,819 4.45 4.2934
2014-08-05 2014-06-30 13F Jpmorgan Chase Com 46625H100 661,642 30,456 4.83 38,124 -0.51 4.1521
2014-05-08 2014-03-31 13F Jpmorgan Chase Com 46625H100 631,186 78,779 14.26 38,319 18.62 4.6165
2014-02-07 2013-12-31 13F Jpmorgan Chase Com 46625H100 552,407 44,611 8.79 32,304 23.08 4.4488
2013-11-07 2013-09-30 13F Jpmorgan Chase Com 46625H100 507,796 80,529 18.85 26,247 16.37 4.2565
2013-08-08 2013-06-30 13F JPMORGAN CHASE Com 46625H100 427,267 427,267 22,555 4.5672
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.