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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 +21.4% trailing return was led by market beta (+30.8% market); stock selection contributed -0.8%. Over the trailing window stock selection detracted (-4% of gross); the risk decomposition is the steadier read.Beta to SPY 1.07 explains 88% of NAV variance; ERM3's multifactor model captures 96% · modeled-vs-reported NAV correlation 0.87 over 244 months.Evidence — not a recommendation.

Risk decomposition
This manager
71%
19%
Tracked-pension composite · 11 mgrs
75%
19%
MarketSectorSubsectorStyle tiltResidual risk

Cumulative return

trailing 12m · gross vs buyable
0%5%10%15%20%25%30%MayJunJulAugSepOctNovDecJanFebMarAprMay20252026
Gross +28.4%Buyable +29.3%Selection gap -1.0%

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 SkillAllocatorsExamplesEvidenceAccessAnalyst
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 +21.4% trailing return was led by market beta (+30.8% market); stock selection contributed -0.8%. Over the trailing window stock selection detracted (-4% of gross); the risk decomposition is the steadier read.Beta to SPY 1.07 explains 88% of NAV variance; ERM3's multifactor model captures 96% · modeled-vs-reported NAV correlation 0.87 over 244 months.Evidence — not a recommendation.

Risk decomposition
This manager
71%
19%
Tracked-pension composite · 11 mgrs
75%
19%
MarketSectorSubsectorStyle tiltResidual risk

Cumulative return

trailing 12m · gross vs buyable
0%5%10%15%20%25%30%MayJunJulAugSepOctNovDecJanFebMarAprMay20252026
Gross +28.4%Buyable +29.3%Selection gap -1.0%

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
  • 13F Filers

Top holdings — ERM3 risk composition

HoldingWeightMarketSectorSubsectorResidual
NVDA12.7%43%10%-1%48%
AAPL11.3%18%2%1%80%
GOOG10.3%30%3%0%67%
MSFT5.8%12%0%31%56%
TSLA4.3%37%13%4%47%
META3.9%23%1%-2%78%
MA2.9%4%-2%55%43%
GEV2.9%24%9%6%61%
JNJ2.8%-0%40%-0%60%
LLY2.7%1%43%-0%56%
WMT2.5%-3%0%6%97%
AMZN2.5%32%18%3%48%
GS2.5%42%9%11%39%
PM2.1%-1%28%-0%73%
GILD2.1%1%25%-2%76%

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
+30.8%
Sector
-1.1%
Subsector
-3.1%
Style tilt
-4.0%
Stock selection
-0.8%
Gross
+21.4%

Return attribution

AIJPMorgan Large Cap Growth Fund's +21.4% trailing return was led by market beta (+30.8% market); stock selection contributed -0.8%.

LayerDetail1M3M6M1Y
Gross returntotal realized+5.5%+11.7%+5.6%+21.4%
− Marketbroad-market beta+5.8%+12.0%+12.8%+30.8%
− Sectorsector timing+1.2%+0.2%-0.5%

Risk — full vs recent

Full history
71%
19%
MarketSectorSubsectorStyle tiltResidual risk
Recent window
84%

NAV / CAPM / ERM3 fit

Beta to SPY1.07market sensitivity
CAPM R²88%variance explained by 1-factor beta
ERM3 multifactor R²96%variance explained by the full cascade
NAV correlation0.87modeled 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#29 / 421top 7%

Mandate fit

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

Peer context

Style cell: Large Growth

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© 2026 RiskModels · Blue Water Macro Corp.|System Status:Operational|Holdings-based.

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

Top holdings — ERM3 risk composition

HoldingWeightMarketSectorSubsectorResidual
NVDA12.7%43%10%-1%48%
AAPL11.3%18%2%1%80%
GOOG10.3%30%3%0%67%
MSFT5.8%12%0%31%56%
TSLA4.3%37%13%4%47%
META3.9%23%1%-2%78%
MA2.9%4%-2%55%43%
GEV2.9%24%9%6%61%
JNJ2.8%-0%40%-0%60%
LLY2.7%1%43%-0%56%
WMT2.5%-3%0%6%97%
AMZN2.5%32%18%3%48%
GS2.5%42%9%11%39%
PM2.1%-1%28%-0%73%
GILD2.1%1%25%-2%76%

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
+30.8%
Sector
-1.1%
Subsector
-3.1%
Style tilt
-4.0%
Stock selection
-0.8%
Gross
+21.4%

Return attribution

AIJPMorgan Large Cap Growth Fund's +21.4% trailing return was led by market beta (+30.8% market); stock selection contributed -0.8%.

LayerDetail1M3M6M1Y
Gross returntotal realized+5.5%+11.7%+5.6%+21.4%
− Marketbroad-market beta+5.8%+12.0%+12.8%+30.8%
− Sectorsector timing+1.2%+0.2%-0.5%

Risk — full vs recent

Full history
71%
19%
MarketSectorSubsectorStyle tiltResidual risk
Recent window
84%

NAV / CAPM / ERM3 fit

Beta to SPY1.07market sensitivity
CAPM R²88%variance explained by 1-factor beta
ERM3 multifactor R²96%variance explained by the full cascade
NAV correlation0.87modeled 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#29 / 421top 7%

Mandate fit

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

Peer context

Style cell: Large Growth

Stock Risk Profiles
Infrastructure
  • Access
  • Developer pricing
  • About
  • Support
  • FAQ
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RiskModelsResearch/Workspace/API

© 2026 RiskModels · Blue Water Macro Corp.|System Status:Operational|Holdings-based.

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

-1.1%
− Subsectorindustry timing+0.0%+0.1%-1.3%-3.1%
= Buyable exposurereplicable in ETFs+7.0%+12.3%+10.9%+26.6%
− Style tiltFama-French factor · cheap to obtain+0.6%+0.6%-4.2%-4.0%
Stock selection (residual return)net of style · cohort evidence: persists OOS-1.7%-0.6%-0.7%-0.8%
MarketSectorSubsectorStyle tiltResidual risk

Residual risk share (stock-specific variance) is down 14.8pp recently — the fund is taking less stock-specific risk.

-1.1%
− Subsectorindustry timing+0.0%+0.1%-1.3%-3.1%
= Buyable exposurereplicable in ETFs+7.0%+12.3%+10.9%+26.6%
− Style tiltFama-French factor · cheap to obtain+0.6%+0.6%-4.2%-4.0%
Stock selection (residual return)net of style · cohort evidence: persists OOS-1.7%-0.6%-0.7%-0.8%
MarketSectorSubsectorStyle tiltResidual risk

Residual risk share (stock-specific variance) is down 14.8pp recently — the fund is taking less stock-specific risk.