SCHEDULE: JPMorgan Chase & Co. Discloses 8.4% Stake in Utz Brands

JPMorgan Chase & Co. has reported an 8.4% beneficial ownership stake in Utz Brands, Inc. Class A Common Stock as of September 30, 2025.

Summary

• JPMorgan Chase & Co. reported beneficial ownership of 7,295,831 shares of Utz Brands, Inc. Class A Common Stock.
• This stake represents 8.4% of the Class A Common Stock outstanding.
• The filing is an Amendment No. 5 to a Schedule 13G, indicating an update to a previously reported ownership.
• JPMorgan Chase & Co. holds sole voting power over 6,952,199 shares and sole dispositive power over 7,286,928 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Utz Brands, Inc.
• Several JPMorgan subsidiaries, including J.P. Morgan Trust Company of Delaware and various JPMorgan Asset Management entities, are identified as having acquired the securities.

Sentiment

Score: 6

Explanation: The disclosure of a significant institutional stake by JPMorgan Chase & Co. is generally a neutral to slightly positive signal, indicating confidence from a major financial player, but it does not provide new operational or financial performance data for the issuer.

Positives

• A major financial institution like JPMorgan Chase & Co. holding a significant 8.4% stake can signal institutional confidence in Utz Brands, Inc.
• The certification that shares are held in the ordinary course of business suggests a passive, long-term investment rather than an activist position.

Negatives

• No explicit negatives are disclosed in this beneficial ownership filing.

Risks

• No specific risks related to Utz Brands, Inc.'s operations or financial health are detailed in this Schedule 13G filing, as it focuses solely on beneficial ownership disclosure.

Future Outlook

This filing does not provide any forward-looking statements or guidance regarding Utz Brands, Inc.'s future performance or JPMorgan Chase & Co.'s investment strategy beyond the current ownership disclosure.

Management Comments

• The filing includes a certification by Rachel Tsvaygoft, Vice President of JPMorgan Chase & Co., stating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

Schedule 13G filings are standard disclosures by institutional investors holding more than 5% of a company's stock, indicating significant passive investment. JPMorgan Chase & Co.'s stake in Utz Brands, Inc. reflects typical institutional portfolio management within the consumer packaged goods sector, where large funds often hold positions in established brands.

Comparison to Industry Standards

• Institutional ownership of publicly traded companies like Utz Brands, Inc. is a common practice, with major financial institutions frequently holding significant stakes across various sectors.
• An 8.4% stake by a firm like JPMorgan Chase & Co. is a substantial, though not uncommon, position for a large asset manager in a mid-cap company within the consumer packaged goods industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, which can influence market perception and liquidity.
• Management: Awareness of a large, passive institutional investor in the company's stock.

Next Steps

• The filing itself does not outline specific future actions or milestones for Utz Brands, Inc. or JPMorgan Chase & Co. beyond the regulatory requirement to update ownership disclosures if material changes occur.

Key Dates

Keywords

Utz Brands, JPMorgan Chase, SEC Filing, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Equity Stake, Financial Disclosure