Jefferies Group

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

1,246

Market Value

$7.8B

Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Top 5 Holdings

$ETF-SPY

SPDR S&P 500 ETF Trust

2.8%

% of Portfolio

Decreased 45.97%

$ETF-XBI

SPDR S&P BIOTECH ETF

2.0%

% of Portfolio

Increased 34.96%

$ETF-QQQ

Invesco QQQ Trust Series I

1.7%

% of Portfolio

Decreased 31.04%

$ETF-IWM

iShares Russell 2000 ETF

1.5%

% of Portfolio

Decreased 48.80%

$NVDA

NVIDIA Corporation

0.9%

% of Portfolio

Decreased 64.19%

Historical Positions

Symbol	Q1 2026	Q4 2025	Q3 2025	Q2 2025
ETF-SPY	2.8%	4.1%	3.4%	6.8%
ETF-XBI	2.0%	1.1%	-	1.0%
ETF-QQQ	1.7%	2.0%	1.7%	1.2%
ETF-IWM	1.5%	2.2%	1.7%	1.5%
NVDA	0.9%	2.0%	-	-
AMZN	0.8%	1.1%	-	0.5%
MA	0.8%	-	-	1.0%
ASH	0.7%	-	-	-
AVGO	0.7%	-	-	-
META	0.7%	-	-	-

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

CDTX+353.48%

CMA+133.20%

ETF-SPY+13.62%

AMD+156.57%

ETF-XBI+17.81%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

ETF-VO-71.95%

EMBC-62.78%

LYB-47.09%

ETF-GDX-18.02%

NFLX-27.10%

Sector Analysis

Energy5.6%

Others2.7%

Materials3.5%

Utilities2.9%

Financials11.2%

Healthcare22.5%

Technology19.1%

Industrials14.2%

Trading Summary

$ETF-XRT

0.7%

New

$ALLE

0.3%

New

$GRAL

0.2%

New

$ETF-ARKG

0.1%

New

$ETF-VO

0.1%

New

$HPE

0.1%

New

$DNTH

0.1%

New

$ETF-IEF

0.1%

New

$PR

0.1%

New

$ETF-ACWI

0.1%

New

$ETF-XME

0.1%

New

$ABCL

0.1%

New

$APLD

0.1%

New

$ABUS

0.1%

New

$NOK

0.1%

New

$CRBG

0.1%

New

$ETF-IEMG

0.1%

New

$ETF-IYR

0.1%

New

All Holdings

$ETF-SPY

2.8%

Decreased 45.97%

$ETF-XBI

2.0%

Increased 34.96%

$ETF-QQQ

1.7%

Decreased 31.04%

$ETF-IWM

1.5%

Decreased 48.80%

$NVDA

0.9%

Decreased 64.19%

$AMZN

0.8%

Decreased 40.74%

$MA

0.8%

Increased 116.42%

$ASH

0.7%

Increased 0.43%

$AVGO

0.7%

Increased 1012.51%

$META

0.7%

Increased 355.85%

$ETF-XRT

0.7%

New

$PTCT

0.6%

Decreased 18.33%

$ACHC

0.6%

Increased 6.87%

$ADP

0.6%

Increased 664.51%

$WMT

0.5%

Increased 25.19%

$ETF-VNQ

0.5%

Increased 122.97%

$JCI

0.5%

Increased 21942.65%

$ADI

0.5%

Increased 5263.75%

$APH

0.5%

Increased 126.44%

$ETF-HYG

0.5%

Increased 15698.96%

$HLMN

0.5%

Decreased 0.11%

$CAT

0.4%

Increased 695.59%

$COR

0.4%

Increased 51.55%

$PPL

0.4%

Increased 18339.25%

$TRS

0.4%

Decreased 0.18%

$LION

0.4%

Decreased 0.38%

$AAPL

0.4%

Decreased 46.28%

$TPR

0.4%

Increased 378.04%

$ETF-VOO

0.4%

Decreased 33.30%

$ETF-BIL

0.3%

Increased 7.16%

$ETF-IBB

0.3%

Increased 0.62%

$IMTX

0.3%

$ALLE

0.3%

New

$PLD

0.3%

Increased 9520.05%

$ETF-RSP

0.3%

Increased 59.90%

$ABBV

0.3%

Increased 101.40%

$ETF-GDX

0.3%

Increased 537.96%

$DVN

0.3%

Increased 78.94%

$AMAT

0.3%

Increased 707.43%

$MRK

0.3%

Decreased 27.80%

$ROST

0.3%

Decreased 5.59%

$ELV

0.3%

Increased 85.78%

$HD

0.3%

Increased 33.12%

$RTX

0.3%

Increased 174.29%

$AMD

0.3%

Decreased 34.99%

$NSC

0.3%

Decreased 0.51%

$URGN

0.3%

$CERT

0.3%

Increased 126.24%

$XOM

0.3%

Increased 66.12%

$TSLA

0.3%

Decreased 44.30%