Jefferies Group

Jefferies Group

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

1,246

Market Value

$7.8B

Portfolio Analysis

AIPreview
Full report in app

I. Institutional Overview

The Jefferies Group, a preeminent global investment banking and capital markets firm, has long been recognized for its agile and opportunistic approach to institutional investing. As of the first quarter of 2026, the firm’s 13F filing reveals a sophisticated and highly diversified portfolio with a total reported market value of approximately $7.85 billion....

Analyzing the scale and structure of this portfolio provides a window into the institutional "psychological portrait" of Jefferies. The sheer number of stocks held—exceeding 1,200—suggests that the firm operates not just as a traditional asset manager, but as a multifaceted financial powerhouse involved in market-making, proprietary trading, and...

The current scale of $7.85 billion in managed equity assets reflects a period of strategic consolidation. While the firm maintains a massive number of positions, the concentration of capital in its top holdings suggests a "barbell" strategy. On one end, the firm uses broad market instruments like the S&P 500 and Nasdaq-100 proxies to manage general market...

Based on the latest available 13F filing.

Open full report in app

Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Top 5 Holdings

1

$ETF-SPY

SPDR S&P 500 ETF Trust

2.8%

% of Portfolio

2

$ETF-XBI

SPDR S&P BIOTECH ETF

2.0%

% of Portfolio

3

$ETF-QQQ

Invesco QQQ Trust Series I

1.7%

% of Portfolio

4

$ETF-IWM

iShares Russell 2000 ETF

1.5%

% of Portfolio

5

$NVDA

NVIDIA Corporation

0.9%

% of Portfolio

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
ETF-SPY2.8%4.1%3.4%6.8%
ETF-XBI2.0%1.1%-1.0%
ETF-QQQ1.7%2.0%1.7%1.2%
ETF-IWM1.5%2.2%1.7%1.5%
NVDA0.9%2.0%--
AMZN0.8%1.1%-0.5%
MA0.8%--1.0%
ASH0.7%---
AVGO0.7%---
META0.7%---

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

ETF-QQQ+24.25%
ETF-SPY+13.44%
AMD+140.11%
NVDA+17.47%
AVGO+24.57%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

ETF-VO-73.17%
EMBC-64.71%
COR-10.40%
HLMN-7.33%
CERT-7.54%

Sector Analysis

Energy5.6%
Others2.7%
Materials3.5%
Utilities2.9%
Financials11.2%
Healthcare22.5%
Technology19.1%
Industrials14.2%

Trading Summary

1

$ETF-XRT

0.7%

2

$ALLE

0.3%

3

$GRAL

0.2%

4

$ETF-ARKG

0.1%

5

$ETF-VO

0.1%

6

$HPE

0.1%

7

$DNTH

0.1%

8

$ETF-IEF

0.1%

9

$PR

0.1%

10

$ETF-ACWI

0.1%

11

$ETF-XME

0.1%

12

$ABCL

0.1%

13

$APLD

0.1%

14

$ABUS

0.1%

15

$NOK

0.1%

16

$CRBG

0.1%

17

$ETF-IEMG

0.1%

18

$ETF-IYR

0.1%

All Holdings

1

$ETF-SPY

2.8%

2

$ETF-XBI

2.0%

3

$ETF-QQQ

1.7%

4

$ETF-IWM

1.5%

5

$NVDA

0.9%

6

$AMZN

0.8%

7

$MA

0.8%

8

$ASH

0.7%

9

$AVGO

0.7%

10

$META

0.7%

11

$ETF-XRT

0.7%

12

$PTCT

0.6%

13

$ACHC

0.6%

14

$ADP

0.6%

15

$WMT

0.5%

16

$ETF-VNQ

0.5%

17

$JCI

0.5%

18

$ADI

0.5%

19

$APH

0.5%

20

$ETF-HYG

0.5%

21

$HLMN

0.5%

22

$CAT

0.4%

23

$COR

0.4%

24

$PPL

0.4%

25

$TRS

0.4%

26

$LION

0.4%

27

$AAPL

0.4%

28

$TPR

0.4%

29

$ETF-VOO

0.4%

30

$ETF-BIL

0.3%

31

$ETF-IBB

0.3%

32

$IMTX

0.3%

33

$ALLE

0.3%

34

$PLD

0.3%

35

$ETF-RSP

0.3%

36

$ABBV

0.3%

37

$ETF-GDX

0.3%

38

$DVN

0.3%

39

$AMAT

0.3%

40

$MRK

0.3%

41

$ROST

0.3%

42

$ELV

0.3%

43

$HD

0.3%

44

$RTX

0.3%

45

$AMD

0.3%

46

$NSC

0.3%

47

$URGN

0.3%

48

$CERT

0.3%

49

$XOM

0.3%

50

$TSLA

0.3%