SCHEDULE 13G: JPMorgan Chase & Co. Discloses 5.5% Passive Stake in CSX Corporation
Beneficial Ownership Disclosure
JPMorgan Chase & Co. has filed a Schedule 13G, reporting a 5.5% beneficial ownership stake in CSX Corporation as of December 31, 2024, indicating a passive investment.
Summary
- JPMorgan Chase & Co. reported beneficial ownership of 106,679,163 shares of CSX Corporation's Common Stock.
- This ownership represents 5.5% of the total class of CSX Corporation's securities.
- The filing date for this Schedule 13G is February 12, 2025, pertaining to an event that occurred on December 31, 2024.
- JPMorgan Chase & Co. holds sole voting power over 98,516,692 shares and shared voting power over 325,909 shares.
- The firm possesses sole dispositive power over 106,066,541 shares and shared dispositive power over 527,541 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of CSX Corporation.
- JPMorgan Chase & Co. is classified as a parent holding company, with several subsidiaries identified as entities through which the securities are held, including J.P. Morgan Trust Company of Delaware, J.P. Morgan Securities LLC, and JPMorgan Chase Bank, National Association, among others.
Sentiment
Score: 5
Explanation: The document is a routine regulatory disclosure of passive ownership, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by a major financial institution, JPMorgan Chase & Co., in CSX Corporation, a prominent player in the North American freight rail industry. Such institutional holdings are common and reflect investment portfolio allocations rather than specific industry trends or competitive shifts.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake in CSX Corporation.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date) |
| 02/12/2025 | Date of signature for the Schedule 13G filing |
Keywords
JPMorgan Chase & Co., CSX Corporation, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Institutional Ownership, SEC Filing, Railroad Industry
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