12 Best Blue Chip Stocks To Invest In According to Short Sellers

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

Number of Hedge Fund Holders: 111

Short % of Shares Outstanding: 0.89%

JPMorgan Chase & Co. (NYSE:JPM) is one of the best blue chip stocks according to short sellers. 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 internal tasks. Earlier in August, JPMorgan Chase & Co. (NYSE:JPM) launched a generative AI assistant that helps over 60,000 employees complete tedious tasks. As for customers, the company introduced in-store pay-by-face biometric payment solutions for merchants in the US. In addition to that, earlier in May, the company launched a new data-managed service for institutional investors allowing them to streamline their operating models for consistent data.

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 the largest bank in the United States, ahead of its competitors including Bank of America and Wells Fargo. 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.”