10 Best Holding Company Stocks To Buy Now

3. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 111

JPMorgan Chase & Co. (NYSE:JPM) is one of the best holding company stocks to buy now. The multinational finance entity serves millions of customers in over 100 countries and territories. It specializes in investment banking solutions, risk management services, and capital-raising services to companies, institutions, and the government. Some of its subsidiaries include Chase Bank, Global Shares, Nutmeg, WePay, and Chase Paymentech, to name a few.

Financial results aside, the company is also making strides in automating its operations. Earlier in August, JPMorgan Chase & Co. (NYSE:JPM) launched a generative AI assistant that helped its employees complete tedious tasks. As for customers, the company introduced several features for customers to ease payment mechanisms and facilitate data management.

As of March 31, JPMorgan Chase & Co. (NYSE:JPM) has $4.1 trillion in assets and $3.6 trillion in assets in management, making it one of the largest banks in the United States. JPMorgan Chase & Co.’s (NYSE:JPM) strong customer base is a testament to its financial performance. The stock was held by 111 hedge funds in the second quarter of 2024. Fisher Asset Management is the top shareholder of the company with a position worth $2.58 billion.

Carillon Tower Advisers’s Carillon Eagle Growth & Income Fund stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its first quarter 2024 investor letter:

“JPMorgan Chase & Co. (NYSE:JPM) contributed positively to performance following solid financial results and positive guidance for the remainder of 2024. Moreover, growing chatter around rising capital markets activity likely contributed to the stock’s strong performance relative to other banks. Recall that JPMorgan has a robust capital markets franchise.”