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Manager Skill Review · Fund (strategy-level)

SEEGX — JPMorgan Large Cap Growth Fund

Strategy-level ERM3 read from the fund's reported holdings — the mandate-accurate view. The stock-selection residual — the return remaining after the model's specified market, sector, subsector, and style exposures — persists out of sample.

Large Growth · 62 holdings · eff. N 18 · top-10 60%

Evidence
N-PORT · registered-fund holdings
Holdings as of
2026-05-31
Filed
2026-08-14
Model
ERM3 v3.0

Summary Risk Profile

Return attribution vs risk decomposition

JPMorgan Large Cap Growth Fund is a Large Growth strategy across 62 names (effective N 18, top-10 60%). JPMorgan Large Cap Growth Fund's +21.5% trailing return was led by market beta (+30.9% market); stock selection contributed +1.0%. About 5% of the trailing gross return came from stock selection versus buyable and style exposure — a exposure-driven signature (return-based, swings with the window).Beta to SPY 1.07 explains 88% of NAV variance; ERM3's multifactor model captures 95% · modeled-vs-reported NAV correlation 0.88 over 244 months.Evidence — not a recommendation.

Risk decomposition
This manager
75%
16%
Tracked-pension composite · 11 mgrs
74%
20%
▸Key
Market
Sector
Subsector
Style tilt

Cumulative return

trailing 12m · gross vs buyable

Strategy-level read from the fund's reported holdings via the RiskModels ERM3 model. Figures are gross, holdings-derived, and within-mandate. Informational use only — not investment advice.

Local-First Data Policy — Your holdings are resolved locally against our Security Master. Data never leaves your machine.

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Manager SkillAllocatorsExamplesEvidenceAnalyst
Checking session...

Manager Skill Review · Fund (strategy-level)

SEEGX — JPMorgan Large Cap Growth Fund

Strategy-level ERM3 read from the fund's reported holdings — the mandate-accurate view. The stock-selection residual — the return remaining after the model's specified market, sector, subsector, and style exposures — persists out of sample.

Large Growth · 62 holdings · eff. N 18 · top-10 60%

Evidence
N-PORT · registered-fund holdings
Holdings as of
2026-05-31
Filed
2026-08-14
Model
ERM3 v3.0

Summary Risk Profile

Return attribution vs risk decomposition

JPMorgan Large Cap Growth Fund is a Large Growth strategy across 62 names (effective N 18, top-10 60%). JPMorgan Large Cap Growth Fund's +21.5% trailing return was led by market beta (+30.9% market); stock selection contributed +1.0%. About 5% of the trailing gross return came from stock selection versus buyable and style exposure — a exposure-driven signature (return-based, swings with the window).Beta to SPY 1.07 explains 88% of NAV variance; ERM3's multifactor model captures 95% · modeled-vs-reported NAV correlation 0.88 over 244 months.Evidence — not a recommendation.

Risk decomposition
This manager
75%
16%
Tracked-pension composite · 11 mgrs
74%
20%
▸Key
Market
Sector
Subsector
Style tilt

Cumulative return

trailing 12m · gross vs buyable

Strategy-level read from the fund's reported holdings via the RiskModels ERM3 model. Figures are gross, holdings-derived, and within-mandate. Informational use only — not investment advice.

Local-First Data Policy — Your holdings are resolved locally against our Security Master. Data never leaves your machine.

The Engine
  • Developers
  • API
  • SDK
  • CLI
The Science
  • What's inside
  • Artifact gallery
  • Methodology wiki
  • Glossary
  • ERM3 overview
  • SEC Filing Calendar
Infrastructure
  • About
  • Support
  • FAQ
  • Privacy
Residual risk
Gross +28.5%Buyable +27.9%Selection gap +0.6%

Top holdings — ERM3 risk composition

HoldingWeightMarketSectorSubsectorResidual
NVDA12.7%43%12%-1%47%
AAPL11.3%23%1%1%76%
GOOG10.4%30%7%-1%64%
MSFT5.8%14%2%32%52%
TSLA4.3%34%16%3%47%
META3.9%24%14%3%60%
MA2.9%5%39%5%51%
GEV2.9%23%9%5%63%
JNJ2.8%-1%38%-0%63%
LLY2.7%2%42%-1%57%
WMT2.5%-4%0%5%98%
AMZN2.5%33%16%2%48%
GS2.5%43%10%9%38%
PM2.1%-1%23%-0%79%
GILD2.1%3%23%1%73%

Each position's ERM3 risk composition — market / sector / subsector / stock-specific. A high residual risk share means the position's variance is mostly stock-specific, not attributable to those exposures.

Return composition

trailing 12-month gross
Market
+30.9%
Sector
-2.3%
Subsector
-4.2%
Style tilt
-3.3%
Stock selection
+1.0%
Gross
+21.5%

Return attribution

AIJPMorgan Large Cap Growth Fund's +21.5% trailing return was led by market beta (+30.9% market); stock selection contributed +1.0%.

LayerDetail1M3M6M1Y
Gross returntotal realized+5.5%+11.7%+5.6%+21.5%
− Marketbroad-market beta+5.8%+12.0%+12.8%+30.9%
− Sectorsector timing+0.8%-0.8%-1.6%

Risk — full vs recent

Full history
75%
16%
▸Key
Market
Sector
Subsector
Style tilt
Residual risk
Recent window
84%

NAV / CAPM / ERM3 fit

Beta to SPY1.07market sensitivity
CAPM R²88%variance explained by 1-factor beta
ERM3 multifactor R²95%variance explained by the full cascade
NAV correlation0.88modeled vs reported NAV
Residual vol (ann.)6.2%the un-modeled, stock-specific piece
NAV vol (ann.)18.1%total realized volatility
Alpha (ann.)-1.9%CAPM intercept
Window244 moestimation length

Peer rank

Style cell · Large Growth

portfolio gross return· 12m#50 / 421top 12%
portfolio gross return· 36m#49 / 421top 12%
portfolio idiosyncratic return· 36m#50 / 421top 12%
total adj mv· 1m#4 / 421top 1%
weight sum· 1m#25 / 421top 6%

Mandate fit

Declared style
Large Growth
Effective N
18.1
Top-10 weight
60%

Peer context

Style cell: Large Growth

  • Terms
    • RiskModelsResearch/Workspace/API

    © 2026 RiskModels · Blue Water Macro Corp.|System Status:Operational|Holdings-based. Evidence, not opinion.

    Informational use only — not investment advice. Blue Water Macro Corp.

    Residual risk
    Gross +28.5%Buyable +27.9%Selection gap +0.6%

    Top holdings — ERM3 risk composition

    HoldingWeightMarketSectorSubsectorResidual
    NVDA12.7%43%12%-1%47%
    AAPL11.3%23%1%1%76%
    GOOG10.4%30%7%-1%64%
    MSFT5.8%14%2%32%52%
    TSLA4.3%34%16%3%47%
    META3.9%24%14%3%60%
    MA2.9%5%39%5%51%
    GEV2.9%23%9%5%63%
    JNJ2.8%-1%38%-0%63%
    LLY2.7%2%42%-1%57%
    WMT2.5%-4%0%5%98%
    AMZN2.5%33%16%2%48%
    GS2.5%43%10%9%38%
    PM2.1%-1%23%-0%79%
    GILD2.1%3%23%1%73%

    Each position's ERM3 risk composition — market / sector / subsector / stock-specific. A high residual risk share means the position's variance is mostly stock-specific, not attributable to those exposures.

    Return composition

    trailing 12-month gross
    Market
    +30.9%
    Sector
    -2.3%
    Subsector
    -4.2%
    Style tilt
    -3.3%
    Stock selection
    +1.0%
    Gross
    +21.5%

    Return attribution

    AIJPMorgan Large Cap Growth Fund's +21.5% trailing return was led by market beta (+30.9% market); stock selection contributed +1.0%.

    LayerDetail1M3M6M1Y
    Gross returntotal realized+5.5%+11.7%+5.6%+21.5%
    − Marketbroad-market beta+5.8%+12.0%+12.8%+30.9%
    − Sectorsector timing+0.8%-0.8%-1.6%

    Risk — full vs recent

    Full history
    75%
    16%
    ▸Key
    Market
    Sector
    Subsector
    Style tilt
    Residual risk
    Recent window
    84%

    NAV / CAPM / ERM3 fit

    Beta to SPY1.07market sensitivity
    CAPM R²88%variance explained by 1-factor beta
    ERM3 multifactor R²95%variance explained by the full cascade
    NAV correlation0.88modeled vs reported NAV
    Residual vol (ann.)6.2%the un-modeled, stock-specific piece
    NAV vol (ann.)18.1%total realized volatility
    Alpha (ann.)-1.9%CAPM intercept
    Window244 moestimation length

    Peer rank

    Style cell · Large Growth

    portfolio gross return· 12m#50 / 421top 12%
    portfolio gross return· 36m#49 / 421top 12%
    portfolio idiosyncratic return· 36m#50 / 421top 12%
    total adj mv· 1m#4 / 421top 1%
    weight sum· 1m#25 / 421top 6%

    Mandate fit

    Declared style
    Large Growth
    Effective N
    18.1
    Top-10 weight
    60%

    Peer context

    Style cell: Large Growth

  • Terms
    • RiskModelsResearch/Workspace/API

    © 2026 RiskModels · Blue Water Macro Corp.|System Status:Operational|Holdings-based. Evidence, not opinion.

    Informational use only — not investment advice. Blue Water Macro Corp.

    -2.3%
    − Subsectorindustry timing+0.0%-0.1%-1.8%-4.2%
    = Buyable exposurereplicable in ETFs+6.5%+11.1%+9.4%+24.4%
    − Style tiltFama-French factor · cheap to obtain+0.7%+0.8%-3.6%-3.3%
    Stock selection (residual return)net of style · cohort evidence: persists OOS-1.3%+0.5%+0.3%+1.0%
    ▸Key
    Market
    Sector
    Subsector
    Style tilt
    Residual risk

    Residual risk share (stock-specific variance) is down 12.1pp recently — the fund is taking less stock-specific risk.

    -2.3%
    − Subsectorindustry timing+0.0%-0.1%-1.8%-4.2%
    = Buyable exposurereplicable in ETFs+6.5%+11.1%+9.4%+24.4%
    − Style tiltFama-French factor · cheap to obtain+0.7%+0.8%-3.6%-3.3%
    Stock selection (residual return)net of style · cohort evidence: persists OOS-1.3%+0.5%+0.3%+1.0%
    ▸Key
    Market
    Sector
    Subsector
    Style tilt
    Residual risk

    Residual risk share (stock-specific variance) is down 12.1pp recently — the fund is taking less stock-specific risk.