JPMorgan Raised Its MSTR Stake 36% Before Strategy’s MSCI Exit Blow
JPMorgan Chase (NYSE:JPM) raised its Strategy (NASDAQ:MSTR) stake 36% last quarter, a bet that’s now sitting on paper losses after MSCI confirmed plans to remove the stock from its benchmark indexes. JPMorgan’s Strategy Stake Jumps to 848,932 Shares JPMorgan Chase increased its Strategy (NASDAQ:MSTR) common stock holdings by 224,545 shares in the third quarter, bringing its position to 848,932…
JPMorgan Chase increased its Strategy (NASDAQ:MSTR) holdings by 36% in the third quarter, raising its position to 848,932 shares as of September 30, according to its latest SEC filing. This move comes after the stock was set to be removed from MSCI's benchmark indexes, potentially resulting in significant selling pressure. JPMorgan's stake was valued at approximately $131.3 million when MSTR traded near $155.
Following the removal announcement, JPMorgan's reported MSTR position would be worth about $97.1 million, around 26% less than the value cited in the filing. The removal of Strategy from indexes is projected to trigger forced selling, with estimates ranging from $2.8 billion to $8.8 billion in potential outflows.
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