According to the latest disclosures from the U.S. Securities and Exchange Commission (SEC), global financial giants including JPMorgan Chase, Vanguard Group, and BlackRock have recently disclosed their Q2 2025 13F holding reports. The 13F reports show that all three major global financial institutions maintain heavy positions in technology giants and increased their holdings in NVIDIA and other tech companies during the second quarter.

**JPMorgan's Latest Holdings Revealed**

According to JPMorgan's 13F report filed on August 12, as of June 30, 2025, its U.S. equity portfolio reached a total market value of $1.53 trillion, representing an 11.7% increase from the previous quarter. Among its over 7,000 holdings, the top five heavy-weight positions are all technology companies.

Overall, the institution added 682 new stocks, increased positions in 2,614 stocks, reduced positions in 3,312 stocks, and completely sold out of 939 stocks during the second quarter.

From a portfolio structure perspective, JPMorgan continues to heavily weight technology giants, with the top ten holdings accounting for 25.16% of total market value. Among the top five heavy-weight stocks, Microsoft (MSFT) ranks first with a holding value of approximately $78.123 billion, representing 5.11% of the investment portfolio; NVIDIA (NVDA) ranks second with a holding value of approximately $73.085 billion, accounting for 4.78%; Apple (AAPL) ranks third with a holding value of approximately $44.03 billion, representing 2.88%; Amazon (AMZN) ranks fourth with a holding value of $42.3 billion, accounting for 2.77%; and META (META) ranks fifth with a holding value of $40.39 billion, representing 2.64%.

From the perspective of position changes, JPMorgan increased its holdings in technology giants such as NVIDIA and Microsoft during the second quarter of this year. The 13F shows that during the second quarter, JPMorgan's top five purchases by magnitude were: NVIDIA, Microsoft, Broadcom (AVGO), SPDR S&P 500 ETF Put Options (SPY.US.PUT), and SPDR S&P 500 ETF Call Options (SPY.US.CALL).

The top five sales by magnitude included: UnitedHealth (UNH), SPDR S&P 500 ETF (SPY), McDonald's (MCD), Berkshire Hathaway (BRK.B), and Mastercard (MA).

**Vanguard Group and BlackRock Increase NVIDIA Holdings**

Multiple global asset management giants have recently disclosed 13F filings, with several asset management giants increasing their holdings in technology giants such as NVIDIA and Microsoft during the second quarter.

For example, the world's largest asset management company, Vanguard Group Inc, disclosed in its 13F filing on August 11 that as of June 30, 2025, Vanguard's U.S. equity holdings reached a market value of $6.18 trillion, with the top ten heavy-weight stocks accounting for 28.81% of the entire investment portfolio.

Vanguard's top five heavy-weight stocks are NVIDIA, Microsoft, Apple, Amazon, and META, and during the second quarter, Vanguard increased positions in all five stocks. Specifically, Vanguard increased its holdings in NVIDIA and Microsoft by 39.4657 million shares and 13.6916 million shares, respectively, during the second quarter.

BlackRock also submitted its Q2 2025 13F holding report on August 12. As of June 30, 2025, BlackRock's U.S. equity holdings reached a total market value of $5.25 trillion, with the top ten heavy-weight stocks accounting for 28.07% of the total portfolio market value.

As of June 30, the company with BlackRock's largest holding was NVIDIA, with a total of 1.91 billion shares held, followed by Microsoft, Apple, Amazon, and META.

From the perspective of position changes, during the second quarter of this year, BlackRock increased its holdings by 7.9401 million shares of NVIDIA while also increasing holdings in Apple and Amazon. However, BlackRock sold 1.7079 million shares of Microsoft during the second quarter and slightly reduced its META holdings.