JPMorgan Chase & Co. Reduces Substantial Holding in Pilbara Minerals to 6.21%

Shwetambri Chauhan

09 November 2026 03:33 PM AEDT

JPMorgan Chase & Co. Reduces Substantial Holding in Pilbara Minerals to 6.21%

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Pilbara Minerals (ASX:PLS) has received a notice of change of interests of substantial holder from JPMorgan Chase & Co. and its affiliates, disclosing that its voting power in the company decreased from 7.59% to 6.21%, with the change in relevant interest occurring on 4 November 2026.

Key Points

JPMorgan Chase & Co. and its affiliates held 200,440,429 ordinary shares, representing 6.21% voting power, down from 244,836,025 ordinary shares at 7.59%
The change in relevant interest occurred on 4 November 2026, with the previous notice dated 3 November 2026
Multiple JPMorgan affiliates hold interests across various capacities including securities lending, investment management, and principal/proprietary trading
J.P. Morgan Securities PLC holds 50,107,012 ordinary shares subject to an obligation to return under a securities lending agreement

Voting Power Movement Between Notices

According to the filing lodged with PLS Group Ltd (ACN 95 112 425 788), JPMorgan Chase & Co. and its affiliates recorded a change in relevant interest on 4 November 2026. The previous notice, dated 3 November 2026, recorded 244,836,025 ordinary shares at 7.59% voting power. The present notice records 200,440,429 ordinary shares at 6.21% voting power. The filing was submitted as a Form 604 Notice of Change of Interests of Substantial Holder under Section 671B of the Corporations Act 2001.

Changes Across JPMorgan Affiliates

The filing details changes across several JPMorgan entities. JPMorgan Chase Bank, N.A. recorded a change of 8,480,016 ordinary shares in its capacity as agent lender for securities on loan. J.P. Morgan Securities PLC recorded changes of 37,796,859 ordinary shares held subject to an obligation to return under a securities lending agreement, and 15,728 ordinary shares through principal/proprietary purchases and sales. J.P. Morgan Securities Australia Limited recorded changes involving 2,000,000 ordinary shares under a securities lending agreement and 287,289 ordinary shares through principal/proprietary activity. JPMorgan Asset Management (UK) Limited recorded a change of 10,893 ordinary shares in its capacity as investment manager.

Present Relevant Interests Held by JPMorgan Entities

Following the change, the filing sets out present relevant interests across multiple JPMorgan entities and registered holders. JPMorgan Chase Bank, N.A. holds 104,076,956 ordinary shares on loan as agent lender through JPM Nominees Australia Pty Limited. J.P. Morgan Securities PLC holds 50,107,012 ordinary shares subject to return under a securities lending agreement and a further 6,015,481 ordinary shares through principal/proprietary trading. J.P. Morgan Securities Australia Limited holds 20,671,567 ordinary shares under a securities lending agreement and 9,308,528 ordinary shares through principal/proprietary trading. J.P. Morgan Investment Management Inc. holds 14,505 and 98,633 ordinary shares across separate custodian arrangements in its capacity as investment manager.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.