SCHEDULE: JPMorgan Amends HubSpot Stake Disclosure

JPMorgan Chase & Co. filed an amended Schedule 13G, disclosing a 3.8% beneficial ownership stake in HubSpot, Inc. as of September 30, 2025.

Summary

• JPMorgan Chase & Co. filed an Amendment No. 2 to its Schedule 13G regarding its beneficial ownership in HubSpot, Inc.
• As of September 30, 2025, JPMorgan Chase & Co. beneficially owns an aggregate of 2,041,553 shares of HubSpot, Inc. common stock.
• This represents 3.8% of HubSpot, Inc.'s class of securities.
• JPMorgan Chase & Co. holds sole voting power over 1,650,534 shares and shared voting power over 73 shares.
• It holds sole dispositive power over 2,040,319 shares and shared dispositive power over 1,234 shares.
• The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control of HubSpot, Inc.

Sentiment

Score: 5

Explanation: The filing is a standard regulatory disclosure of beneficial ownership by a large financial institution. It does not contain operational or financial performance data for the issuer, nor does it signal any strategic or activist intent from the reporting person. The percentage of ownership is below the 5% threshold that often draws more attention.

Positives

• JPMorgan Chase & Co., a major financial institution, maintains a significant, albeit passive, stake in HubSpot, Inc., indicating continued institutional interest.

Negatives

• The filing itself does not present direct negative operational or financial news for HubSpot, Inc.

Risks

• The filing does not detail specific risks for HubSpot, Inc. beyond the general nature of holding a passive investment.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance from HubSpot, Inc. or JPMorgan Chase & Co. regarding the issuer's future performance.

Industry Context

This filing is a routine disclosure by a large institutional investor, JPMorgan Chase & Co., regarding its passive ownership stake in HubSpot, Inc. Such filings provide transparency into significant holdings by major financial entities, which can be a signal of institutional confidence in the underlying company, though the stake is below the 5% threshold that often triggers more scrutiny or activist interest.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily serves a regulatory compliance function for institutional investors and does not contain performance data for HubSpot, Inc. that would allow for a direct comparison to industry benchmarks or competitors like Salesforce, Adobe, or Oracle.
• The 3.8% stake held by JPMorgan Chase & Co. is a standard level of passive institutional investment, not indicative of a strategic acquisition or activist position.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming continued passive investment interest.
• Employees, Customers, Suppliers, Creditors: No direct impact from this ownership disclosure.

Key Dates

Keywords

HubSpot, Inc., JPMorgan Chase & Co., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment, Software, CRM