GC Wealth Management Cuts JPMorgan Stake 33.9% in Keybank Filing

keybank showed GC Wealth Management RIA LLC cut its JPMorgan Chase & Co. position by 33.9% in the fourth quarter, selling 25,697 shares. After the sale, the firm still held 50,107 shares valued at $16,145,000.

GC Wealth’s 50,107 JPMorgan shares

50,107 shares remained on the books at quarter-end, making JPMorgan 0.6% of GC Wealth’s portfolio and its 26th largest holding. The size of the position means the firm stayed exposed to JPMorgan even after trimming a third of its stake.

Institutions hold 71.55%

71.55% of JPMorgan’s stock is owned by institutional investors, so GC Wealth’s move fits a broader pattern of portfolio shifts rather than a lone exit. Rachor Investment Advisory Services LLC took a new $309,000 position in the fourth quarter, while Bogart Wealth LLC, DMKC Advisory Services LLC, Barnes Pettey Financial Advisors LLC and Turning Point Benefit Group Inc. all reported larger holdings.

JPMorgan’s stake changes

35,233 shares were held by Bogart Wealth LLC after a 0.4% increase, 12,378 shares by DMKC after an 8.6% increase, 6,154 shares by Barnes Pettey after a 0.6% increase and 288 shares by Turning Point Benefit Group after a 157.1% increase. The mix points to an uneven quarter: one firm reduced exposure sharply, while others added or built positions at different sizes.

The read-through for JPMorgan holders is straightforward. Portfolio managers are still treating the stock as a core institutional name, but GC Wealth’s 33.9% trim shows some are using the fourth quarter to rebalance around the 26th-largest holding and a position that still represented only 0.6% of its portfolio.