As of late January 2026, JPMorgan Chase’s investment portfolio has grown to an estimated $1.67 trillion in managed assets. The bank has increasingly concentrated its capital into the "AI Supercycle," with its top 10 holdings now representing approximately 26% of its total equity exposure. Notably, Nvidia has solidified its position as the bank's largest single bet, surging past traditional leaders like Microsoft and Apple.
🏦 JPMorgan Chase Top 10 Holdings
Nvidia (NVDA): ~$182 Billion
Microsoft (MSFT): ~$164 Billion
Apple (AAPL): ~$120 Billion
Meta Platforms (META): ~$95 Billion
Amazon (AMZN): ~$88 Billion
SPDR S&P 500 ETF Trust (SPY): ~$75 Billion
Alphabet (GOOGL/GOOG): ~$62 Billion
Broadcom (AVGO): ~$58 Billion
Tesla (TSLA): ~$45 Billion
Mastercard (MA): ~$38 Billion
📊 Portfolio Modification Insights
The AI Pivot: JPMorgan aggressively increased its Nvidia position by over 100% in value recently, reflecting the bank's internal research that forecasts AI-driven earnings growth of 13–15% for the S&P 500 through 2027.
ETF Dominance: While SPY is their largest third-party ETF, the bank now manages over $114 billion in its own proprietary J.P. Morgan Exchange-Traded Funds, effectively keeping a massive portion of its "passive" investment fees in-house.
The Mag 7 Concentration: The "Magnificent Seven" (Nvidia, Microsoft, Apple, Meta, Amazon, Alphabet, and Tesla) now account for nearly $675 billion of JPMorgan's total managed assets, an all-time high for institutional concentration.