Rio Tinto (ASX:RIO) has received notice that JPMorgan Chase & Co (NYSE:JPM) and its affiliates ceased to be a substantial holder in the company on 9 July 2026.
JPMorgan held interests in about 3.25 million ordinary shares through a number of subsidiaries involved in investment management, securities trading, and custody activities.
Changes in relevant interests occurred through securities lending arrangements, investment management activities, proprietary trading, and prime brokerage operations.
According to the filing, the changes relate to the movement of relevant interests rather than any corporate action by Rio Tinto itself, with holdings changing across several JPMorgan entities involved in securities lending and investment management.
JPMorgan Asset Management (Asia Pacific) disposed of 82,252 shares, while JPMorgan Asset Management (UK) reduced its position by 6,649 shares through investment management activities. JP Morgan Investment Management reduced its holdings by 109,361 shares.
The filing reveals extensive securities lending arrangements with major financial institutions including BNP Paribas Financial Markets, Citigroup Global Markets, Goldman Sachs International, Morgan Stanley, and UBS.
Rio Tinto is one of the world’s largest diversified miners, with operations spanning iron ore, aluminium, copper, and diamonds. Its flagship Pilbara iron ore operations in Western Australia remain the company’s largest earnings contributor.
Write to France Pinzon at Mining.com.au
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