JPMorgan Chase Discloses Passive Stake in Rocket Companies

TL;DR

**JPMorgan Chase & Co. just revealed a passive stake in Rocket Companies, Inc., signaling institutional interest.**

AI Summary

JPMorgan Chase & Co. filed an SC 13G on January 12, 2024, disclosing its ownership of Class A common stock in Rocket Companies, Inc. as of December 29, 2023. This filing indicates that JPMorgan Chase & Co. holds a significant, but passive, stake in Rocket Companies, Inc., meaning they are not seeking to influence management. For investors, this signals that a major financial institution sees value in Rocket Companies, Inc. stock, potentially boosting confidence, but also means a large block of shares is held by an institutional investor, which could impact liquidity if they decide to sell.

Why It Matters

This filing shows a major financial institution, JPMorgan Chase & Co., has taken a passive investment position in Rocket Companies, Inc., which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — The filing indicates a passive investment by a large institution, which generally doesn't pose an immediate risk to the company or its stock price.

Analyst Insight

A smart investor would note JPMorgan Chase & Co.'s passive stake as a potential signal of institutional confidence in Rocket Companies, Inc., but would also conduct further due diligence on Rocket Companies' fundamentals and market conditions before making any investment decisions.

Key Players & Entities

• JPMorgan Chase & Co. (company) — filer of the SC 13G, holding a stake in Rocket Companies, Inc.
• Rocket Companies, Inc. (company) — the subject company whose Class A common stock is being reported
• December 29, 2023 (date) — the date of the event requiring the SC 13G filing
• January 12, 2024 (date) — the filing date of the SC 13G

FAQ

Key Financial Figures

• $0.00001 — ssuer) Class A common stock, par value $0.00001 per share (Title of Class of Securiti

Filing Documents

• Rocket_Companies_Inc.htm (SC 13G) — 86KB
• 0000019617-24-000059.txt ( ) — 88KB

From the Filing

SC 13G 1 Rocket_Companies_Inc.htm FILING ROCKET COMPANIES, INC. Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Rocket Companies, Inc. (Name of Issuer) Class A common stock, par value $0.00001 per share (Title of Class of Securities) 77311W101 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 77311W101 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 6,721,879 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 7,025,379 8 SHARED DISPOSITIVE POWER 62 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,026,220 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer Rocket Companies, Inc. (b) Address of Issuer's Principal Executive Offices 1050 Woodward Avenue, Detroit, MI 48226 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Class A common stock, par value $0.00001 per share (e) CUSIP Number 77311W101 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 7,026,220 (b) Percent of class: 5.2 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 6,721,879 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 7,025,379 (iv) Shared power to dispose or to direct the disposition of: 62 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Trust Company of Delaware J.P. Morgan Securities LLC J.P. MORGAN SE JPMorgan Chase Bank, National Association J.P

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View this SC 13G filing on SEC EDGAR