JPMorgan Hedged Equity 3 Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JPMorgan Hedged Equity 3 Fund held 154 positions with $3.12B in net assets. Its ten largest holdings made up 43.9% of the fund. The JHTRX share class costs 0.34% a year. Over the 12 months to May 2026, JHTRX returned 14.5%, with dividends reinvested. In 2026 Q2 it added 14 new positions and exited 21.
The Fund seeks to provide capital appreciation.
The fund invests in large-cap U.S. equities selected for relative value within each sector, maintaining sector weights similar to the broad market while modestly overweighting securities deemed undervalued and underweighting those appearing overvalued. It systematically overlays a put/spread collar strategy using S&P 500 index options, buying downside protection through a put spread while selling call options to offset costs, typically capping upside at 3.5–5.5% and protecting against declines of 5–20% during each quarterly hedge period. Because the call options sold limit participation in rising markets once the market price reaches the strike, the fund may underperform traditional long-only equity strategies in strong bull markets. The options overlay is reset quarterly to adapt to changing market conditions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
JIMXXJPMorgan Prime Money Market Fund | 11.37% | $354.78M | — | — |
NVDANVIDIA Corp. | 7.15% | $223.18M | 1.1M | $200.09 |
AAPLApple, Inc. | 5.76% | $179.83M | 621.5K | $289.36 |
MSFTMicrosoft Corp. | 4.26% | $132.96M | 356.4K | $373.02 |
AMZNAmazon.com, Inc. | 3.69% | $115.01M | 482.6K | $238.34 |
GOOGLAlphabet, Inc. | 2.97% | $92.64M | 259.2K | $357.37 |
AVGOBroadcom, Inc. | 2.66% | $83.05M | 219.9K | $377.75 |
GOOGAlphabet, Inc. | 2.13% | $66.51M | 188.2K | $353.33 |
2.05% | $63.84M | 55.3K | $1,154.29 | |
1.83% | $57.02M | 101.2K | $563.29 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 154 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 87.83% |
| Cash & short-term | 11.65% |
| Derivatives | 0.69% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 32.0%
- Cash
- 11.6%
- Financials
- 10.5%
- Consumer Discretionary
- 9.2%
- 10 other sectors
- 36.7%
- Information Technology
- 32.0%
- Cash
- 11.6%
- Financials
- 10.5%
- Consumer Discretionary
- 9.2%
- Communication Services
- 8.4%
- Health Care
- 7.5%
- Industrials
- 6.2%
- International
- 3.2%
- Consumer Staples
- 2.9%
- Energy
- 2.6%
- Utilities
- 1.9%
- Real Estate
- 1.5%
- Materials
- 1.3%
- Other
- 1.1%
How it has done
JHTRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.10%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.34% | +14.47% | +47.27% | +46.11% | -6.00% | |
| 0.84% | +13.95% | +45.02% | +42.49% | -6.15% | |
| 1.34% | +13.39% | +42.94% | +38.99% | -6.37% | |
| 0.59% | +14.21% | +46.09% | +44.30% | -6.08% | |
| 0.45% | +14.36% | +46.79% | +45.33% | -6.05% |
These classes hold the same portfolio, so the 7.12pp spread over 5 years is the cost difference between them — roughly 1.42pp a year — not a difference in what they own.
Fees & fund details
JPMorgan Hedged Equity 3 Fund is an actively managed U.S. equity fund. 22% of JHTRX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.34% – 1.34%· JHTRX 0.34%
- Portfolio turnover
- 44.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
14 new· the largest 8
21 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — JHTRX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”