0001752724-24-127332.txt : 20240530 0001752724-24-127332.hdr.sgml : 20240530 20240530091911 ACCESSION NUMBER: 0001752724-24-127332 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JP MORGAN MUTUAL FUND INVESTMENT TRUST CENTRAL INDEX KEY: 0000803747 ORGANIZATION NAME: IRS NUMBER: 311574186 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05526 FILM NUMBER: 241001329 BUSINESS ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 BUSINESS PHONE: 800-480-4111 MAIL ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10172 FORMER COMPANY: FORMER CONFORMED NAME: MUTUAL FUND INVESTMENT TRUST DATE OF NAME CHANGE: 19980828 FORMER COMPANY: FORMER CONFORMED NAME: AVESTA TRUST DATE OF NAME CHANGE: 19940504 FORMER COMPANY: FORMER CONFORMED NAME: RETIREMENT INVESTMENT TRUST DATE OF NAME CHANGE: 19920703 0000803747 S000004474 JPMorgan Growth Advantage Fund C000012318 Class A VHIAX C000033247 Class I JGASX C000034442 Class C JGACX C000073572 Class R5 JGVRX C000133820 Class R6 JGVVX C000187975 Class R3 JGTTX C000187976 Class R4 JGTUX C000190884 Class R2 JGRJX NPORT-P 1 primary_doc.xml NPORT-P false 0000803747 XXXXXXXX S000004474 C000187975 C000187976 C000073572 C000033247 C000034442 C000012318 C000133820 C000190884 J.P. Morgan Mutual Fund Investment Trust 811-05526 0000803747 549300XDSZEJ1SD8YZ20 277 Park Avenue New York 10172 800-480-4111 JPMorgan Growth Advantage Fund S000004474 549300WH8DD4YVIMGX89 2024-06-30 2024-03-31 N 19449208484.54 36881966.31 19412326518.23 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4925551.28000000 N N/A N/A Oracle Corp. 1Z4GXXU7ZHVWFCD8TV52 Oracle Corp. 68389X105 1174935.00000000 NS USD 147583585.35000000 0.760257072800 Long EC CORP US N 1 N N N Entegris, Inc. IYX6OWO7BT5DKO3BYG52 Entegris, Inc. 29362U104 1323377.00000000 NS USD 185987403.58000000 0.958089198661 Long EC CORP US N 1 N N N Cadence Design Systems, Inc. GCT7RXJOGLXPV0NXZY22 Cadence Design Systems, Inc. 127387108 381762.00000000 NS USD 118834875.36000000 0.612161943847 Long EC CORP US N 1 N N N Pool Corp. 5493005VZK1KMN6CO617 Pool Corp. 73278L105 166645.00000000 NS USD 67241257.50000000 0.346384331815 Long EC CORP US N 1 N N Interactive Brokers Group, Inc. 5493004DT6DCDUZNDM53 Interactive Brokers Group, Inc., Class A 45841N107 1203445.00000000 NS USD 134436840.95000000 0.692533379879 Long EC CORP US N 1 N N N Crowdstrike Holdings, Inc. 549300YBY08K9KM4HX32 Crowdstrike Holdings, Inc., Class A 22788C105 531336.00000000 NS USD 170341008.24000000 0.877488888722 Long EC CORP US N 1 N N N AMETEK, Inc. 549300WZDEF9KKE40E98 AMETEK, Inc. 031100100 1035650.00000000 NS USD 189420385.00000000 0.975773742637 Long EC CORP US N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 NVIDIA Corp. 67066G104 1631712.00000000 NS USD 1474349694.72000000 7.594914980105 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 6659277.00000000 NS USD 1201200385.26000000 6.187822897641 Long EC CORP US N 1 N N N Jabil, Inc. 5493000CGCQY2OQU7669 Jabil, Inc. 466313103 614031.00000000 NS USD 82249452.45000000 0.423697037924 Long EC CORP US N 1 N N Hilton Worldwide Holdings, Inc. 549300HVGPK36ICB0B89 Hilton Worldwide Holdings, Inc. 43300A203 642639.00000000 NS USD 137081325.09000000 0.706156085728 Long EC CORP US N 1 N N N TechnipFMC plc 549300D5I93QWCJTCK36 TechnipFMC plc N/A 8365490.00000000 NS USD 210057453.90000000 1.082082838977 Long EC CORP GB N 1 N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 Eli Lilly & Co. 532457108 635801.00000000 NS USD 494627745.96000000 2.548008583595 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc., Class C 02079K107 4717368.00000000 NS USD 718266451.68000000 3.700053422270 Long EC CORP US N 1 N N N Intuit, Inc. VI90HBPH7XSFMB9E4M29 Intuit, Inc. 461202103 500146.00000000 NS USD 325094900.00000000 1.674682834613 Long EC CORP US N 1 N N N Coreweave, Inc. N/A Coreweave, Inc. N/A 48719.00000000 NS USD 15096069.34000000 0.077765379259 Long EC CORP US Y 3 N N N Constellation Brands, Inc. 5493005GKEG8QCVY7037 Constellation Brands, Inc., Class A 21036P108 361223.00000000 NS USD 98165962.48000000 0.505688807510 Long EC CORP US N 1 N N N Snowflake, Inc. 254900CJNSY1K7T53Z16 Snowflake, Inc., Class A 833445109 678978.00000000 NS USD 109722844.80000000 0.565222538869 Long EC CORP US N 1 N N N Saia, Inc. 549300WNPG4N9GBOYB29 Saia, Inc. 78709Y105 173097.00000000 NS USD 101261745.00000000 0.521636316517 Long EC CORP US N 1 N N N Mettler-Toledo International, Inc. 5493000BD5GJNUDIUG10 Mettler-Toledo International, Inc. 592688105 38231.00000000 NS USD 50896547.99000000 0.262186749961 Long EC CORP US N 1 N N N Apple, Inc. HWUPKR0MPOU8FGXBT394 Apple, Inc. 037833100 5881689.00000000 NS USD 1008592029.72000000 5.195626751759 Long EC CORP US N 1 N N N Moody's Corp. 549300GCEDD8YCF5WU84 Moody's Corp. 615369105 479356.00000000 NS USD 188401288.68000000 0.970524004441 Long EC CORP US N 1 N N N DoorDash, Inc. 549300NUQ43FGGSK5051 DoorDash, Inc., Class A 25809K105 1185341.00000000 NS USD 163245162.52000000 0.840935589903 Long EC CORP US N 1 N N N Royalty Pharma plc 549300FGFN7VOK8BZR03 Royalty Pharma plc, Class A N/A 2555566.00000000 NS USD 77612539.42000000 0.399810601511 Long EC CORP GB N 1 N N N JPMorgan U.S. Government Money Market Fund 549300NQ5E5B7ZV4T516 JPMorgan U.S. Government Money Market Fund, Share Class IM 4812C2270 2419910.16000000 NS USD 2419910.16000000 0.012465843070 Long STIV RF US N 1 N N Ross Stores, Inc. 549300ENZFLPGRDFZQ60 Ross Stores, Inc. 778296103 1065539.00000000 NS USD 156378503.64000000 0.805562916393 Long EC CORP US N 1 N N N Uber Technologies, Inc. 549300B2FTG34FILDR98 Uber Technologies, Inc. 90353T100 3955264.00000000 NS USD 304515775.36000000 1.568672230368 Long EC CORP US N 1 N N N Mastercard, Inc. AR5L2ODV9HN37376R084 Mastercard, Inc., Class A 57636Q104 1232659.00000000 NS USD 593611594.63000000 3.057910622266 Long EC CORP US N 1 N N N Confluent, Inc. 254900MRZ83YWUV7SN74 Confluent, Inc., Class A 20717M103 3423506.00000000 NS USD 104485403.12000000 0.538242559550 Long EC CORP US N 1 N N N Tesla, Inc. 54930043XZGB27CTOV49 Tesla, Inc. 88160R101 1099835.00000000 NS USD 193339994.65000000 0.995965086762 Long EC CORP US N 1 N N N Arista Networks, Inc. 635400H1WKBLOQERUU95 Arista Networks, Inc. 040413106 442648.00000000 NS USD 128359067.04000000 0.661224541630 Long EC CORP US N 1 N N N Lululemon Athletica, Inc. 549300D9GZ4BMLDW5T40 Lululemon Athletica, Inc. 550021109 238348.00000000 NS USD 93110646.20000000 0.479647022795 Long EC CORP US N 1 N N N KKR & Co., Inc. 54930013V5I303TF9571 KKR & Co., Inc. 48251W104 980556.00000000 NS USD 98624322.48000000 0.508049987658 Long EC CORP US N 1 N N N Progressive Corp. (The) 529900TACNVLY9DCR586 Progressive Corp. (The) 743315103 971887.00000000 NS USD 201005669.34000000 1.035453783199 Long EC CORP US N 1 N N N Trade Desk, Inc. (The) 549300GXPD31VT3E0P46 Trade Desk, Inc. (The), Class A 88339J105 1803634.00000000 NS USD 157673684.28000000 0.812234865985 Long EC CORP US N 1 N N N Trane Technologies plc 549300BURLR9SLYY2705 Trane Technologies plc N/A 961841.00000000 NS USD 288744668.20000000 1.487429484193 Long EC CORP IE N 1 N N N Natera, Inc. N/A Natera, Inc. 632307104 1554007.00000000 NS USD 142129480.22000000 0.732160980738 Long EC CORP US N 1 N N N Exact Sciences Corp. 549300VM3X1FYD4N9Z14 Exact Sciences Corp. 30063P105 1839377.00000000 NS USD 127027375.62000000 0.654364511645 Long EC CORP US N 1 N N N Broadcom, Inc. 549300WV6GIDOZJTV909 Broadcom, Inc. 11135F101 389143.00000000 NS USD 515774023.63000000 2.656940800710 Long EC CORP US N 1 N N N McKesson Corp. 549300WZWOM80UCFSF54 McKesson Corp. 58155Q103 206883.00000000 NS USD 111065138.55000000 0.572137185337 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc., Class A 30303M102 2206888.00000000 NS USD 1071620675.04000000 5.520310376160 Long EC CORP US N 1 N N N elf Beauty, Inc. 549300U2K9TCON25C029 elf Beauty, Inc. 26856L103 487319.00000000 NS USD 95529143.57000000 0.492105588066 Long EC CORP US N 1 N N N HubSpot, Inc. 529900BLNVEW0MVKJB37 HubSpot, Inc. 443573100 244181.00000000 NS USD 152994047.36000000 0.788128343175 Long EC CORP US N 1 N N N Alnylam Pharmaceuticals, Inc. 529900S3ZI14OWRJII50 Alnylam Pharmaceuticals, Inc. 02043Q107 414993.00000000 NS USD 62020703.85000000 0.319491348920 Long EC CORP US N 1 N N N Cooper Cos., Inc. (The) QJKMVPIGLH7530PCUE20 Cooper Cos., Inc. (The) 216648501 1208128.00000000 NS USD 122576666.88000000 0.631437281692 Long EC CORP US N 1 N N N Blackstone, Inc. 5299004LW4QWGZUB8Y96 Blackstone, Inc. 09260D107 1861427.00000000 NS USD 244535664.99000000 1.259692725446 Long EC CORP US N 1 N N N Netflix, Inc. 549300Y7VHGU0I7CE873 Netflix, Inc. 64110L106 420412.00000000 NS USD 255328819.96000000 1.315292217654 Long EC CORP US N 1 N N N JB Hunt Transport Services, Inc. 549300XCD1MPI1C5GK90 JB Hunt Transport Services, Inc. 445658107 677704.00000000 NS USD 135032522.00000000 0.695601951024 Long EC CORP US N 1 N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 617446448 2274602.00000000 NS USD 214176524.32000000 1.103301678543 Long EC CORP US N 1 N N N Quanta Services, Inc. SHVRXXEACT60MMH07S24 Quanta Services, Inc. 74762E102 852458.00000000 NS USD 221468588.40000000 1.140865769963 Long EC CORP US N 1 N N N Advanced Micro Devices, Inc. R2I72C950HOYXII45366 Advanced Micro Devices, Inc. 007903107 1224203.00000000 NS USD 220956399.47000000 1.138227297292 Long EC CORP US N 1 N N N Lowe's Cos., Inc. WAFCR4OKGSC504WU3E95 Lowe's Cos., Inc. 548661107 837826.00000000 NS USD 213419416.98000000 1.099401541487 Long EC CORP US N 1 N N N Take-Two Interactive Software, Inc. BOMSTHHJK882EWYX3334 Take-Two Interactive Software, Inc. 874054109 1099442.00000000 NS USD 163256142.58000000 0.840992152211 Long EC CORP US N 1 N N N Ingersoll Rand, Inc. 5299004C02FMZCUOIR50 Ingersoll Rand, Inc. 45687V106 2027014.00000000 NS USD 192464979.30000000 0.991457562385 Long EC CORP US N 1 N N N TJX Cos., Inc. (The) V167QI9I69W364E2DY52 TJX Cos., Inc. (The) 872540109 2183248.00000000 NS USD 221425012.16000000 1.140641292799 Long EC CORP US N 1 N N N Hubbell, Inc. 54930088VDQ6840Y6597 Hubbell, Inc. 443510607 324595.00000000 NS USD 134723154.75000000 0.694008287072 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 4503152.00000000 NS USD 1894566109.44000000 9.759603557362 Long EC CORP US N 1 N N N JPMorgan Prime Money Market Fund N/A JPMorgan Prime Money Market Fund, Class IM 46637K844 162664027.63000000 NS USD 162729093.24000000 0.838277128128 Long STIV RF US N 1 N N N ITT, Inc. 549300KDSERHTJOXUS80 ITT, Inc. 45073V108 1101618.00000000 NS USD 149853096.54000000 0.771948155720 Long EC CORP US N 1 N N N Intuitive Surgical, Inc. 54930052SRG011710797 Intuitive Surgical, Inc. 46120E602 578405.00000000 NS USD 230835651.45000000 1.189118940654 Long EC CORP US N 1 N N N Regeneron Pharmaceuticals, Inc. 549300RCBFWIRX3HYQ56 Regeneron Pharmaceuticals, Inc. 75886F107 385153.00000000 NS USD 370705910.97000000 1.909641848553 Long EC CORP US N 1 N N N Booking Holdings, Inc. FXM8FAOHMYDIPD38UZ17 Booking Holdings, Inc. 09857L108 56550.00000000 NS USD 205156614.00000000 1.056836818643 Long EC CORP US N 1 N N N Copart, Inc. 549300KVYX3JWMYEHU61 Copart, Inc. 217204106 3580717.00000000 NS USD 207395128.64000000 1.068368226988 Long EC CORP US N 1 N N N EOG Resources, Inc. XWTZDRYZPBUHIQBKDB46 EOG Resources, Inc. 26875P101 1080839.00000000 NS USD 138174457.76000000 0.711787212265 Long EC CORP US N 1 N N N UnitedHealth Group, Inc. 549300GHBMY8T5GXDE41 UnitedHealth Group, Inc. 91324P102 424069.00000000 NS USD 209786934.30000000 1.080689293490 Long EC CORP US N 1 N N N Thermo Fisher Scientific, Inc. HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific, Inc. 883556102 322063.00000000 NS USD 187186236.23000000 0.964264824487 Long EC CORP US N 1 N N N Synopsys, Inc. QG7T915N9S0NY5UKNE63 Synopsys, Inc. 871607107 250900.00000000 NS USD 143389350.00000000 0.738651031164 Long EC CORP US N 1 N N N MongoDB, Inc. 549300TPTG69WKWE1Z37 MongoDB, Inc. 60937P106 233588.00000000 NS USD 83774000.32000000 0.431550542081 Long EC CORP US N 1 N N N Lam Research Corp. 549300I4GMO6D34U1T02 Lam Research Corp. 512807108 279361.00000000 NS USD 271418766.77000000 1.398177423582 Long EC CORP US N 1 N N N JPMorgan Securities Lending Money Market Fund 5493002FD4HXUJXMRO62 JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares 46645V642 10014700.84000000 NS USD 10014700.84000000 0.051589390022 Long STIV RF US N 1 N N Booz Allen Hamilton Holding Corp. 529900JPV47PIUWMA015 Booz Allen Hamilton Holding Corp. 099502106 1001995.00000000 NS USD 148736137.80000000 0.766194292375 Long EC CORP US N 1 N N N Air Lease Corp. 5493004NW4M4P8TMMK63 Air Lease Corp. 00912X302 1382381.00000000 NS USD 71109678.64000000 0.366311985187 Long EC CORP US N 1 N N N Garmin Ltd. 2549001E0HIPIJQ0W046 Garmin Ltd. N/A 739359.00000000 NS USD 110068374.33000000 0.567002487963 Long EC CORP CH N 1 N N N Workday, Inc. 549300J0DYC0N31V7G13 Workday, Inc., Class A 98138H101 545981.00000000 NS USD 148916317.75000000 0.767122465255 Long EC CORP US N 1 N N N Align Technology, Inc. 549300N5YSE0U3LCP840 Align Technology, Inc. 016255101 215662.00000000 NS USD 70719883.04000000 0.364304005362 Long EC CORP US N 1 N N N Palo Alto Networks, Inc. 549300QXR2YVZV231H43 Palo Alto Networks, Inc. 697435105 755052.00000000 NS USD 214532924.76000000 1.105137627674 Long EC CORP US N 1 N N N 2024-04-30 J.P. Morgan Mutual Fund Investment Trust Timothy J. Clemens Timothy J. Clemens Treasurer and Principal Financial Officer XXXX NPORT-EX 2 JPMGAF.htm PART F EDGAR HTML
JPMorgan Growth Advantage Fund
Schedule of Portfolio Investments as of March 31, 2024
(Unaudited) 
THE “UNAUDITED MUTUAL FUNDS HOLDINGS” LIST (“the
List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS
NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR
SALES LITERATURE WITH THE GENERAL PUBLIC. The list is
submitted for the general information of the shareholders of the Fund.
It is not authorized for distribution to prospective investors in the Fund
unless preceded or accompanied by a prospectus. The list has been
created from the books and records of the Fund. Holdings are
available 60 days after the fund’s fiscal quarter, using a trade date
accounting convention, by contacting the appropriate service center.
The list is subject to change without notice. The list is for
informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
J.P. Morgan Distribution Services, Inc., member FINRA.
© J.P. Morgan Chase & Co., 2024.
JPMorgan Growth Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited)
 
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — 99.3%
Automobiles — 1.0%
Tesla, Inc. *
1,100
193,340
Beverages — 0.5%
Constellation Brands, Inc., Class A
361
98,166
Biotechnology — 3.6%
Alnylam Pharmaceuticals, Inc. *
415
62,021
Exact Sciences Corp. *
1,840
127,027
Natera, Inc. *
1,554
142,130
Regeneron Pharmaceuticals, Inc. *
385
370,706
 
 
701,884
Broadline Retail — 6.2%
Amazon.com, Inc. *
6,659
1,201,200
Building Products — 1.5%
Trane Technologies plc
962
288,745
Capital Markets — 4.5%
Blackstone, Inc.
1,861
244,536
Interactive Brokers Group, Inc., Class A
1,203
134,437
KKR & Co., Inc.
981
98,624
Moody's Corp.
479
188,401
Morgan Stanley
2,275
214,177
 
 
880,175
Commercial Services & Supplies — 1.1%
Copart, Inc. *
3,581
207,395
Communications Equipment — 0.7%
Arista Networks, Inc. *
443
128,359
Construction & Engineering — 1.1%
Quanta Services, Inc.
852
221,469
Distributors — 0.3%
Pool Corp. (a)
167
67,241
Electrical Equipment — 1.7%
AMETEK, Inc.
1,036
189,421
Hubbell, Inc.
324
134,723
 
 
324,144
Electronic Equipment, Instruments & Components — 0.4%
Jabil, Inc. (a)
614
82,249
Energy Equipment & Services — 1.1%
TechnipFMC plc (United Kingdom)
8,365
210,057
Entertainment — 2.2%
Netflix, Inc. *
420
255,329
Take-Two Interactive Software, Inc. *
1,100
163,256
 
 
418,585
Financial Services — 3.1%
Mastercard, Inc., Class A
1,233
593,612
JPMorgan Growth Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Ground Transportation — 2.8%
JB Hunt Transport Services, Inc.
678
135,032
Saia, Inc. *
173
101,262
Uber Technologies, Inc. *
3,955
304,516
 
 
540,810
Health Care Equipment & Supplies — 2.2%
Align Technology, Inc. *
216
70,720
Cooper Cos., Inc. (The)
1,208
122,577
Intuitive Surgical, Inc. *
578
230,835
 
 
424,132
Health Care Providers & Services — 1.7%
McKesson Corp.
207
111,065
UnitedHealth Group, Inc.
424
209,787
 
 
320,852
Hotels, Restaurants & Leisure — 2.6%
Booking Holdings, Inc.
57
205,157
DoorDash, Inc., Class A *
1,185
163,245
Hilton Worldwide Holdings, Inc.
643
137,081
 
 
505,483
Household Durables — 0.6%
Garmin Ltd.
739
110,068
Insurance — 1.0%
Progressive Corp. (The)
972
201,006
Interactive Media & Services — 9.2%
Alphabet, Inc., Class C *
4,717
718,266
Meta Platforms, Inc., Class A
2,207
1,071,621
 
 
1,789,887
IT Services — 1.0%
MongoDB, Inc. *
234
83,774
Snowflake, Inc., Class A *
679
109,723
 
 
193,497
Life Sciences Tools & Services — 1.2%
Mettler-Toledo International, Inc. *
38
50,897
Thermo Fisher Scientific, Inc.
322
187,186
 
 
238,083
Machinery — 1.8%
Ingersoll Rand, Inc.
2,027
192,465
ITT, Inc.
1,102
149,853
 
 
342,318
Media — 0.8%
Trade Desk, Inc. (The), Class A *
1,804
157,674
Oil, Gas & Consumable Fuels — 0.7%
EOG Resources, Inc.
1,081
138,174
JPMorgan Growth Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Common Stocks — continued
Personal Care Products — 0.5%
elf Beauty, Inc. *
487
95,529
Pharmaceuticals — 2.9%
Eli Lilly & Co.
636
494,628
Royalty Pharma plc, Class A
2,555
77,612
 
 
572,240
Professional Services — 0.8%
Booz Allen Hamilton Holding Corp.
1,002
148,736
Semiconductors & Semiconductor Equipment — 13.7%
Advanced Micro Devices, Inc. *
1,224
220,956
Broadcom, Inc.
389
515,774
Entegris, Inc.
1,324
185,987
Lam Research Corp.
279
271,419
NVIDIA Corp.
1,632
1,474,350
 
 
2,668,486
Software — 17.7%
Cadence Design Systems, Inc. *
382
118,835
Confluent, Inc., Class A *
3,424
104,486
Coreweave, Inc. ‡ * (b)
49
15,096
Crowdstrike Holdings, Inc., Class A *
531
170,341
HubSpot, Inc. *
244
152,994
Intuit, Inc.
500
325,095
Microsoft Corp.
4,503
1,894,566
Oracle Corp.
1,175
147,584
Palo Alto Networks, Inc. *
755
214,533
Synopsys, Inc. *
251
143,389
Workday, Inc., Class A *
546
148,916
 
 
3,435,835
Specialty Retail — 3.0%
Lowe's Cos., Inc.
838
213,419
Ross Stores, Inc.
1,066
156,379
TJX Cos., Inc. (The)
2,183
221,425
 
 
591,223
Technology Hardware, Storage & Peripherals — 5.2%
Apple, Inc.
5,882
1,008,592
Textiles, Apparel & Luxury Goods — 0.5%
Lululemon Athletica, Inc. *
238
93,111
Trading Companies & Distributors — 0.4%
Air Lease Corp.
1,382
71,110
Total Common Stocks
(Cost $9,158,472)
 
19,263,467
Short-Term Investments — 0.9%
Investment Companies — 0.8%
JPMorgan Prime Money Market Fund Class IM Shares, 5.43% (c) (d)
(Cost $162,690)
162,664
162,729
JPMorgan Growth Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
INVESTMENTS
SHARES
(000)
VALUE
($000)
Short-Term Investments — continued
Investment of Cash Collateral from Securities Loaned — 0.1%
JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 5.48% (c) (d)
10,000
10,000
JPMorgan U.S. Government Money Market Fund Class IM Shares, 5.25% (c) (d)
2,420
2,420
Total Investment of Cash Collateral from Securities Loaned
(Cost $12,426)
 
12,420
Total Short-Term Investments
(Cost $175,116)
 
175,149
Total Investments — 100.2%
(Cost $9,333,588)
 
19,438,616
Liabilities in Excess of Other Assets — (0.2)%
 
(32,402
)
NET ASSETS — 100.0%
 
19,406,214
 
Percentages indicated are based on net assets.
 
‡
Value determined using significant unobservable inputs.
*
Non-income producing security.
(a)
The security or a portion of this security is on loan at March 31, 2024. The total value of securities on loan at March 31, 2024 is $11,867.
(b)
Restricted security. See Note 2.B.
(c)
Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment
Management Inc.
(d)
The rate shown is the current yield as of March 31, 2024.
JPMorgan Growth Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
(Dollar values in thousands)
A. Valuation of Investments— Investments are valued in accordance with U.S. generally accepted accounting principles (“GAAP”) and the Fund's valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the “Board”), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.
Under Section 2(a)(41) of the Investment Company Act of 1940, the Board is required to determine fair value for securities that do not have readily available market quotations. Under SEC Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the “Valuation Designee” to perform fair valuation determinations for the Funds on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to help oversee and carry out the policies for the valuation of investments held in the Funds. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.
This oversight by the AVC includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.
Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values (“NAV”) of the Fund are calculated on a valuation date.
Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s NAV per share as of the report date.
Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.
The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.
•
Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.
•
Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.
•
Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.
The following table represents each valuation input as presented on the Schedule of Portfolio Investments (“SOI”): 
 
 
 
 
 
 
Level 1
Quoted prices
Level 2
Other significant
observable inputs
Level 3
Significant
unobservable inputs
Total
Investments in Securities
 
 
 
 
Common Stocks
 
 
 
 
Automobiles
$193,340
$—
$—
$193,340
Beverages
98,166
—
—
98,166
Biotechnology
701,884
—
—
701,884
Broadline Retail
1,201,200
—
—
1,201,200
Building Products
288,745
—
—
288,745
Capital Markets
880,175
—
—
880,175
Commercial Services & Supplies
207,395
—
—
207,395
Communications Equipment
128,359
—
—
128,359
Construction & Engineering
221,469
—
—
221,469
Distributors
67,241
—
—
67,241
JPMorgan Growth Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
(Dollar values in thousands)
 
 
 
 
 
 
Level 1
Quoted prices
Level 2
Other significant
observable inputs
Level 3
Significant
unobservable inputs
Total
Electrical Equipment
$324,144
$—
$—
$324,144
Electronic Equipment, Instruments & Components
82,249
—
—
82,249
Energy Equipment & Services
210,057
—
—
210,057
Entertainment
418,585
—
—
418,585
Financial Services
593,612
—
—
593,612
Ground Transportation
540,810
—
—
540,810
Health Care Equipment & Supplies
424,132
—
—
424,132
Health Care Providers & Services
320,852
—
—
320,852
Hotels, Restaurants & Leisure
505,483
—
—
505,483
Household Durables
110,068
—
—
110,068
Insurance
201,006
—
—
201,006
Interactive Media & Services
1,789,887
—
—
1,789,887
IT Services
193,497
—
—
193,497
Life Sciences Tools & Services
238,083
—
—
238,083
Machinery
342,318
—
—
342,318
Media
157,674
—
—
157,674
Oil, Gas & Consumable Fuels
138,174
—
—
138,174
Personal Care Products
95,529
—
—
95,529
Pharmaceuticals
572,240
—
—
572,240
Professional Services
148,736
—
—
148,736
Semiconductors & Semiconductor Equipment
2,668,486
—
—
2,668,486
Software
3,420,739
—
15,096
3,435,835
Specialty Retail
591,223
—
—
591,223
Technology Hardware, Storage & Peripherals
1,008,592
—
—
1,008,592
Textiles, Apparel & Luxury Goods
93,111
—
—
93,111
Trading Companies & Distributors
71,110
—
—
71,110
Total Common Stocks
19,248,371
—
15,096
19,263,467
Short-Term Investments
 
 
 
 
Investment Companies
162,729
—
—
162,729
Investment of Cash Collateral from Securities Loaned
12,420
—
—
12,420
Total Short-Term Investments
175,149
—
—
175,149
Total Investments in Securities
$19,423,520
$—
$15,096
$19,438,616
B. Investment Transactions with Affiliates— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. The Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below. 
 
For the period ended March 31, 2024
Security Description
Value at
June 30,
2023
Purchases at
Cost
Proceeds from
Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
(Depreciation)
Value at
March 31,
2024
Shares at
March 31,
2024
Dividend
Income
Capital Gain
Distributions
JPMorgan Prime Money Market Fund Class IM
Shares, 5.43%  (a) (b)
$229,015
$2,870,765
$2,937,145
$70
$24
$162,729
162,664
$11,270
$—
JPMorgan Growth Advantage Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF March 31, 2024 (Unaudited) (continued)
(Dollar values in thousands)
 
For the period ended March 31, 2024
Security Description
Value at
June 30,
2023
Purchases at
Cost
Proceeds from
Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
(Depreciation)
Value at
March 31,
2024
Shares at
March 31,
2024
Dividend
Income
Capital Gain
Distributions
JPMorgan Securities Lending Money Market Fund
Agency SL Class Shares, 5.48%  (a) (b)
$—
$585,002
$575,000
$4
$(6
)
$10,000
10,000
$2,345
$—
JPMorgan U.S. Government Money Market Fund
Class IM Shares, 5.25%  (a) (b)
—
548,079
545,659
—
—
2,420
2,420
418
—
Total
$229,015
$4,003,846
$4,057,804
$74
$18
$175,149
 
$14,033
$—
 
 
(a)
Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
(b)
The rate shown is the current yield as of March 31, 2024.