JPMorgan Chase & Co. Acquires 5.7% Passive Stake in Affirm Holdings, Inc.

JPMorgan Chase & Co. has filed a Schedule 13G with the SEC, reporting a new 5.7% passive ownership stake in Affirm Holdings, Inc. (AFRM). As of the event date on June 30, 2026, the financial services giant beneficially owns 16,832,019 shares of Class A common stock. The filing reveals that JPMorgan holds sole voting power over 15,097,009 shares and sole dispositive power over 16,752,611 shares. The remaining shares are held under shared voting and dispositive power. This position is managed through various subsidiaries, including J.P. Morgan Securities LLC and J.P. Morgan Investment Management Inc. The filing was made under Rule 13d-1(b), indicating that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This represents a significant new institutional position in the fintech company, with the total value of the holdings estimated at approximately $1.38 billion based on the filing date valuation.