JPMorgan Chase & Co. (NYSE: JPM) reports 14% holding in Andersen Group (ANDG)

Rhea-AI Filing Summary

JPMorgan Chase & Co. has disclosed a significant passive ownership stake in Andersen Group Inc. Class A common stock. As of the event date of December 31, 2025, JPMorgan reports beneficial ownership of 1,773,515 shares, representing 14.0% of the outstanding class. It holds sole voting power over 1,738,020 shares and sole dispositive power over the full 1,773,515 shares, with no shared voting or dispositive power.

The filing is made on a Schedule 13G basis, and JPMorgan certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Andersen Group. Subsidiaries involved in holding or managing the position include JPMorgan Asset Management (UK) Limited, JPMorgan Chase Bank, National Association, and J.P. Morgan Investment Management Inc.

Insights

Equity ownership and governance analyst

JPMorgan reports a passive 14% stake in Andersen Group.

JPMorgan Chase & Co. has filed as a beneficial owner of 1,773,515 Andersen Group Class A shares, equal to 14.0% of the class as of the December 31, 2025 event date. The firm reports sole voting power over 1,738,020 shares and sole dispositive power over the full 1,773,515 shares, indicating centralized decision-making within its organization for this position.

The disclosure is on a Schedule 13G, which is used for holdings certified as being in the ordinary course of business and not for the purpose of changing or influencing control. The statement explicitly affirms that the securities were not acquired and are not held with a control purpose, and it identifies involved subsidiaries such as JPMorgan Asset Management (UK) Limited and J.P. Morgan Investment Management Inc..

For Andersen Group, this filing documents the presence of a large institutional holder with a passive intent framework. Future beneficial ownership updates, if any are filed, would indicate whether JPMorgan’s percentage stake or control characteristics have changed from this December 31, 2025 snapshot.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Andersen Group Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 par value

(Title of Class of Securities)

033853102

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 033853102

1

Names of Reporting Persons

JPMORGAN CHASE & CO.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

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 1,738,020.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,773,515.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,773,515.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.0 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Andersen Group Inc.
(b)	Address of issuer's principal executive offices: 333 Bush Street Suite 1700 San Francisco CA 94104
Item 2.
(a)	Name of person filing: JPMORGAN CHASE & CO.
(b)	Address or principal business office or, if none, residence: 270 Park Avenue,,New York, NY 10017
(c)	Citizenship: DE
(d)	Title of class of securities: Class A Common Stock, $0.0001 par value
(e)	CUSIP No.: 033853102
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)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	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)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1773515
(b)	Percent of class: 14.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1738020
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1773515
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. JPMorgan Asset Management (UK) Limited; JPMorgan Chase Bank, National Association; J.P. Morgan Investment Management Inc.
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not Applicable
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

JPMORGAN CHASE & CO.

Signature:	Rachel Tsvaygoft
Name/Title:	Vice President
Date:	01/07/2026

FAQ

What percentage of Andersen Group Inc. (ANDG) does JPMorgan Chase & Co. own?

JPMorgan Chase & Co. reports beneficial ownership of 14.0% of Andersen Group Inc.'s Class A common stock as of December 31, 2025.

How many Andersen Group Inc. (ANDG) shares does JPMorgan Chase & Co. beneficially own?

JPMorgan Chase & Co. beneficially owns 1,773,515 shares of Andersen Group Inc. Class A common stock, with sole dispositive power over all of these shares.

Does JPMorgan Chase & Co. have voting control over its Andersen Group Inc. (ANDG) shares?

JPMorgan Chase & Co. has sole voting power over 1,738,020 Andersen Group Class A shares and reports no shared voting power.

Is JPMorgan Chase & Co.'s stake in Andersen Group Inc. (ANDG) considered passive or active?

The filing is on Schedule 13G, and JPMorgan certifies the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Andersen Group Inc.

Which JPMorgan entities are involved in holding Andersen Group Inc. (ANDG) shares?

Named subsidiaries include JPMorgan Asset Management (UK) Limited, JPMorgan Chase Bank, National Association, and J.P. Morgan Investment Management Inc..

When was the ownership level in this Andersen Group Inc. (ANDG) filing measured?

The beneficial ownership information is reported as of the December 31, 2025 event date.