Todd Combs, former stockpicker at Berkshire Hathaway, said he has helped allocate around $5 billion of investments since joining JPMorgan Chase earlier this year. He oversees the bank's strategic investment group, which focuses on industries critical to national security, and said he helped funnel money into 10 firms, putting about half of the originally allocated amount to work. Combs said he has spent most of his time on private markets because they have inefficiencies absent from public markets. The investments are part of JPMorgan's Security and Resiliency Initiative, which plans to deploy $1.5 trillion over the next decade. Combs said the group marks its holdings conservatively, which somewhat insulates them from concerns over private-asset valuations.
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Related tickers and likely impact
JPM
• NeutralJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $885.1B |
| Close on 10/12/2026 | 334.30 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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