JPMorgan trusts reveal top holdings as of April 2025

LONDON - JPMorgan Investment Trusts has disclosed the largest investments across its various funds as of April 30, 2025, providing insights into the asset allocation strategies of the trusts. The announcement, which excludes investments in liquidity stocks, details the top ten holdings by percentage of total assets for each fund, with technology and financial services companies featuring prominently.

The JPMorgan American Investment Trust PLC has a significant portion of its assets invested in leading tech companies, with Microsoft (NASDAQ:MSFT) at 6.4%, Amazon.com Inc (NASDAQ:AMZN) at 5.4%, and Apple Inc (NASDAQ:AAPL) at 3.8%. Collectively, the top ten investments for this trust constitute 38.4% of its total assets.

In Asia, the JPMorgan Asia Growth & Income PLC’s top holding is Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), representing 13.1% of the trust’s assets. Alibaba (NYSE:BABA) and Tencent Holdings (HK:0700) Ltd (OTC:TCEHY) also rank high on the list, at 7.0% and 6.5%, respectively, with the top ten totaling 48.5%.

The JPMorgan China Growth & Income PLC is heavily invested in Chinese tech, with Tencent Holdings Ltd and Alibaba being the two largest holdings at 12.1% and 11.3%, respectively. The top ten investments in this trust account for 53.9% of its total assets.

European investments are represented by JPMorgan Claverhouse Investment Trust PLC and JPMorgan European Discovery (NASDAQ:WBD) Trust PLC, with top holdings including Shell Plc (LON:SHEL) and Spie, respectively. The top ten holdings for Claverhouse and European Discovery Trusts make up 41.1% and 23.7% of the total assets, respectively.

Other trusts, such as the JPMorgan Emerging Markets Investment Trust PLC and the JPMorgan Global Emerging Markets Income Trust PLC, show diversified portfolios with significant stakes in companies like Taiwan Semiconductor Manufacturing Co Ltd and Samsung Electronics Co Ltd (KRX:KS:005930).

The JPMorgan Indian Investment Trust PLC lists Hdfc Bank (NYSE:HDB) Ltd (NSE:HDFCBANK) as its largest investment at 10.1%, while the JPMorgan Japanese Investment Trust PLC’s top holding is Sony (NYSE:SONY) at 7.1%.

The Mercantile Investment Trust (LON:MRCM) PLC and the JPMorgan UK Small Cap Growth & Income PLC focus on the UK market, with Bellway Plc (LON:BWY) and Premier Foods Plc (LON:PFD) being their respective top investments.

The JPMorgan US Smaller Companies Investment Trust PLC shows a more evenly distributed portfolio, with the largest holding, Msa Inc, making up only 2.1% of total assets.

This information, based on a press release statement, provides a snapshot of the investment preferences and market positions of JPMorgan’s various investment trusts as of the end of April 2025.

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