Jupiter Asset Management Rebalances US Portfolio with Major GM Exit

Key Facts

1Jupiter Asset Management reduced its stake in General Motors by 89.4%, selling 789,813 shares.

2The firm acquired a new stake of 816,363 shares in APA Corporation valued at approximately $19.97 million.

3Jupiter Asset Management increased its holdings in Citizens Financial Group by 45.9% to a total value of $15.8 million.

In a move reflecting a strategic reassessment of US equity positions, Jupiter Asset Management has executed a significant rebalancing of its portfolio. According to reports, the firm reduced its stake in General Motors by 89.4%, selling 789,813 shares, while initiating a new position in APA Corporation valued at approximately $19.97 million (816,363 shares). Additionally, the firm increased its holdings in Citizens Financial Group by 45.9%, bringing the total value of its investment to $15.8 million.

These adjustments come amid diverging sector performances, as General Motors faced selling pressure from both institutions and insiders, while companies like APA and Citizens Financial benefited from strong earnings beats. In comparison to peers, market data shows that Ford Motor (F) maintained relatively stable institutional ownership during the same period, highlighting a selective approach toward the automotive sector. Notably, APA Corporation recently reported robust free cash flow, justifying the entry of major funds like Jupiter at this stage.

Regarding current price levels, GM closed at $43.20 and APA at $28.50 (close May 29, 2026). Traders are closely monitoring the US CB Consumer Confidence index, which recently printed at 93.1, as it directly impacts auto sales and consumer spending. Furthermore, the market awaits the Core PCE Price Index data to gauge the inflation trajectory, which could influence financing costs for institutions like Citizens Financial Group.