SCHEDULE: JPMorgan Chase & Co. Discloses 7.9% Passive Stake in Twilio Inc.

JPMorgan Chase & Co. has reported a 7.9% passive beneficial ownership stake in Twilio Inc.'s Class A Common Stock as of June 30, 2025.

Summary

• JPMorgan Chase & Co. has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Twilio Inc.
• The filing indicates that JPMorgan Chase & Co. beneficially owns an aggregate of 12,062,300 shares of Twilio Inc.'s Class A Common Stock.
• This aggregate amount represents 7.9% of the Class A Common Stock outstanding.
• JPMorgan Chase & Co. holds sole voting power over 9,428,775 shares and shared voting power over 11,956 shares.
• The institution holds sole dispositive power over 12,046,287 shares and shared dispositive power over 9,276 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Twilio Inc.
• Several subsidiaries of JPMorgan Chase & Co. are identified as having acquired the securities, including J.P. Morgan Trust Company of Delaware, J.P. Morgan Securities LLC, and JPMorgan Asset Management (UK) Limited, among others.

Sentiment

Score: 7

Explanation: A large, passive stake by a major financial institution like JPMorgan Chase & Co. generally indicates confidence in the issuer's long-term prospects, even if it's not an activist position.

Positives

• A significant passive stake by a major financial institution like JPMorgan Chase & Co. can signal confidence in the long-term prospects of Twilio Inc.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding Twilio Inc.'s future performance or operations, as it is a disclosure of beneficial ownership by an institutional investor.

Industry Context

This filing represents a standard disclosure of a significant passive investment by a large financial institution in a technology company. It reflects ongoing institutional interest in the cloud communications and software-as-a-service (SaaS) sectors, where Twilio operates.

Comparison to Industry Standards

• A 7.9% beneficial ownership stake is a substantial holding for a passive institutional investor in a publicly traded company, indicating a significant allocation of capital to Twilio Inc. within JPMorgan Chase & Co.'s managed portfolios.
• This level of ownership is common for large asset managers who hold diversified portfolios across various industries, including technology and software, similar to holdings seen by other major investment firms in companies like Salesforce, Zoom, or HubSpot.

Stakeholder Impact

• Shareholders benefit from the transparency of large institutional holdings, which can provide insights into market confidence and liquidity for the stock.

Key Dates

Recommendation

JPMorgan Chase & Co.'s significant passive stake in Twilio Inc. indicates institutional confidence in the company's long-term value, suggesting that existing investors may consider holding their positions.

Keywords

Twilio, JPMorgan Chase, Beneficial Ownership, Schedule 13G, TWLO, Institutional Investment, Class A Common Stock