Are Hedge Funds Fond of JPMorgan Chase & Co. (JPM)?

If you’d ask most market participants, hedge funds are seen as worthless, old investment tools of the past. While there are more than 8000 funds with their doors open at the moment, Our experts look at the leaders of this group, around 700 funds. These investment experts administer the lion’s share of the hedge fund industry’s total capital, and by following their inimitable picks, Insider Monkey has unsheathed various investment strategies that have historically outrun the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy exceeded the S&P 500 index by 12 percentage points a year for a decade in their back tests.

Now, we’re going to take a look at the key action encompassing JPMorgan Chase & Co. (NYSE:JPM).

Hedge fund activity in JPMorgan Chase & Co. (NYSE:JPM)

Heading into 2016, a total of 100 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from the previous quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were boosting their holdings considerably (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Lansdowne Partners, managed by Alex Snow, holds the largest position in JPMorgan Chase & Co. (NYSE:JPM). Lansdowne Partners has a $1.33 billion position in the stock, comprising 9.1% of its 13F portfolio. The second largest stake is held by Ken Fisher’s Fisher Asset Management, with a $923.7 million position; the fund has 1.8% of its 13F portfolio invested in the stock. Other professional money managers with similar optimism include Boykin Curry’s Eagle Capital Management, Edgar Wachenheim’s Greenhaven Associates and Richard S. Pzena’s Pzena Investment Management.

On the following page, we are going to take a look at some funds that unloaded their entire stakes in JPMorgan, as well as investors that added the stock to their 13F portfolios. In addition, we will compare the hedge fund activity surrounding other stocks similar to JPM.