# J.P. Morgan Natural Capital

> J.P. Morgan Natural Capital is an SEC-registered investment advisory firm in Portland, OR, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.

- CRD: 111944
- Filed as: J.P. MORGAN NATURAL CAPITAL
- Legal name: JPMorgan Asset Management Natural Capital, LLC
- Also doing business as: CAMPBELL GLOBAL, J.P. MORGAN ASSET MANAGMENT NATURAL CAPITAL, J.P. MORGAN NATURAL CAPITAL, J.P.MORGAN ASSET MANAGEMENT NATURAL CAPITAL, J.P.MORGAN NATURAL CAPITAL, JP MORGAN NATURAL CAPITAL, JPMAM NATURAL CAPITAL, JPMORGAN ASSET MANAGEMENT NATURAL CAPITAL, JPMORGAN NATURAL CAPITAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Portland, OR
- Filing period: October 2026
- Form ADV filing dated: September 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111944
- AdvisorCensus page: https://advisorcensus.com/firm/j-p-morgan-natural-capital-portland-or-111944

## Quick answers

**How is J.P. Morgan Natural Capital compensated?**
On its Form ADV (Item 5.E, October 2026), J.P. Morgan Natural Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is J.P. Morgan Natural Capital located?**
J.P. Morgan Natural Capital's principal office is in Portland, OR, according to its Form ADV.

**Is J.P. Morgan Natural Capital registered with the SEC or a state?**
J.P. Morgan Natural Capital is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 111944.

**How much does J.P. Morgan Natural Capital manage?**
J.P. Morgan Natural Capital reports $7,023,614,803 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (38% discretionary).

**How have J.P. Morgan Natural Capital's assets and staff changed since 2021?**
In the Form ADV data for J.P. Morgan Natural Capital: Regulatory assets under management: $3,920,549,433 in the October 2021 data and $7,023,614,803 in the October 2026 data, up 79%. Total employees: 160 in October 2021 and 144 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does J.P. Morgan Natural Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); corporations or other businesses not listed above (6).

**Does J.P. Morgan Natural Capital report any disciplinary disclosures?**
Reports 8 disclosure items on Form ADV Item 11: yes answers to 2 questions about criminal matters and 6 questions about regulatory matters (11.A(1), 11.A(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111944

**What changed in J.P. Morgan Natural Capital's recent Form ADV filings?**
In the October 2026 filing data: Added the business name JPMorgan Natural Capital. Added the business name JPMorgan Asset Management Natural Capital. Added the business name Jpmam Natural Capital. Added the business name JP Morgan Natural Capital. Added the business name J.p.morgan Natural Capital. Added the business name J.p.morgan Asset Management Natural Capital. Added the business name J.P. Morgan Natural Capital. Added the business name J.P. Morgan Asset Managment Natural Capital. Changed its legal name from Campbell Global, LLC to JPMorgan Asset Management Natural Capital, LLC.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $7,023,614,803
- Discretionary: $2,662,533,685
- Non-discretionary: $4,361,081,118

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | Fewer than 5 | $150,000,000 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $1,758,132,036 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $2,823,085,952 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $1,631,482,800 |
| Other investment advisers | 0 | $0 |
| Insurance companies | Fewer than 5 | $2,535,062 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 6 | $649,790,763 |
| Other | Fewer than 5 | $8,588,190 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2000 (26 years)
- Employees: 144 total, 31 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: OR
- Disclosures (Item 11): Reports 8 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(1): In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a felony?
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111944

### Websites listed on Form ADV (Item 1.I)
- am.jpmorgan.com
- campbellglobal.com
- cglease.com
- cgrecreationpermit.com
- LinkedIn @JPM-NATURAL-CAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,920,549,433 | 160 | September 30, 2021 |
| October 2022 | $3,965,496,082 | 146 | April 1, 2022 |
| October 2023 | $4,120,927,643 | 145 | April 25, 2023 |
| October 2024 | $5,283,396,280 | 142 | May 27, 2024 |
| October 2025 | $6,218,198,357 | 134 | March 28, 2025 |
| October 2026 | $7,023,614,803 | 144 | September 29, 2026 |

Regulatory assets under management: $3,920,549,433 in the October 2021 data and $7,023,614,803 in the October 2026 data, up 79%.
Total employees: 160 in October 2021 and 144 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Added the business name JPMorgan Natural Capital.
- Added the business name JPMorgan Asset Management Natural Capital.
- Added the business name Jpmam Natural Capital.
- Added the business name JP Morgan Natural Capital.
- Added the business name J.p.morgan Natural Capital.
- Added the business name J.p.morgan Asset Management Natural Capital.
- Added the business name J.P. Morgan Natural Capital.
- Added the business name J.P. Morgan Asset Managment Natural Capital.
- Changed its legal name from Campbell Global, LLC to JPMorgan Asset Management Natural Capital, LLC.

### April 2026
- Employees performing advisory functions went from 22 to 31.
- Regulatory assets under management went from $6,218,198,357 to $6,955,448,887 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. J.P. Morgan Natural Capital (CRD 111944): Form ADV filing data as of October 2026.