STIFEL FINANCIAL CORP

ST. LOUIS, MO · CIK 720672 · 13F filing filed 2025-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entitySTIFEL FINANCIAL CORP. (US)

Other 13F filers in this group: 1919 Investment Counsel, LLC files a notice, STIFEL NICOLAUS & CO INC \MO\ files a notice

$102.8bn reported value +9.3% vs Q1 2025

3,462positions

17.1%in top 10

199 new 1,767 added 1,415 reduced 183 sold out vs Q1 2025

This report includes the holdings of 7 other managers that share the investment decisions:

1919 Investment Counsel, LLC – reports through this filing
EquityCompass Investment Management – reports through this filing
STIFEL NICOLAUS & CO INC \MO\ – reports through this filing
Stifel Independent Advisors, LLC – reports through this filing
Stifel Trust Co Delaware, N.A. – reports through this filing
Stifel Trust Company, N.A. – reports through this filing
Washington Crossing Advisers LLC – reports through this filing

Also in the report of:

Highlander Partners, L.P. – $12.3m of shares are in both reports
Dorsey & Whitney Trust CO LLC – $886.2k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	7,162,674	$3.6bn3.47%	3.47%	Reduced -1.0k	-1,005 -0.0%
2	NVIDIA CORPORATION COM NVDA	NVDA	18,173,525	$2.9bn2.79%	2.79%	Added +52.1k	+52,098 0.3%
3	APPLE INC COM AAPL	AAPL	11,419,668	$2.3bn2.28%	2.28%	Reduced -104.2k	-104,237 -0.9%
4	AMAZON COM INC COM AMZN	AMZN	8,450,839	$1.9bn1.80%	1.80%	Added +140.6k	+140,573 1.7%
5	BROADCOM INC COM AVGO	AVGO	4,926,014	$1.4bn1.32%	1.32%	Added +90.3k	+90,346 1.9%
6	VISA INC COM CL A V	V	3,552,784	$1.3bn1.23%	1.23%	Reduced -134.7k	-134,723 -3.6%
7	JPMORGAN CHASE & CO COM JPM	JPM	4,086,843	$1.2bn1.15%	1.15%	Reduced -25.9k	-25,911 -0.6%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	6,282,364	$1.1bn1.08%	1.08%	Reduced -254.1k	-254,080 -3.9%
9	WALMART INC COM WMT	WMT	10,624,753	$1.0bn1.01%	1.01%	Reduced -139.8k	-139,796 -1.3%
10	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,658,321	$1.0bn1.00%	1.00%	Added +57.8k	+57,807 3.6%
11	META PLATFORMS INC CL A META	META	1,365,212	$1.0bn0.98%	0.98%	Added +55.4k	+55,364 4.2%
12	HOME DEPOT INC COM HD	HD	2,533,019	$928.8m0.90%	0.90%	Added +39.5k	+39,535 1.6%
13	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	1,535,199	$872.1m0.85%	0.85%	Added +56.1k	+56,118 3.8%
14	ISHARES TR CORE MSCI EAFE IEFA	IEFA	9,888,890	$825.5m0.80%	0.80%	Reduced -266.7k	-266,723 -2.6%
15	PEPSICO INC COM PEP	PEP	6,203,902	$819.2m0.80%	0.80%	Added +190.9k	+190,913 3.2%
16	ISHARES TR S&P 500 GRWT ETF IVW	IVW	7,129,475	$785.0m0.76%	0.76%	Added +43.1k	+43,144 0.6%
17	ORACLE CORP COM ORCL	ORCL	3,536,680	$773.2m0.75%	0.75%	Added +33.6k	+33,627 1.0%
18	ISHARES TR CORE US AGGBD ET AGG	AGG	7,783,701	$772.1m0.75%	0.75%	Added +1.5m	+1,453,762 23.0%
19	JOHNSON & JOHNSON COM JNJ	JNJ	4,964,155	$758.3m0.74%	0.74%	Reduced -42.1k	-42,128 -0.8%
20	PROCTER AND GAMBLE CO COM PG	PG	4,671,339	$744.3m0.72%	0.72%	Added +58.7k	+58,740 1.3%
21	COSTCO WHSL CORP NEW COM COST	COST	748,573	$741.2m0.72%	0.72%	Added +14.1k	+14,143 1.9%
22	NETFLIX INC COM NFLX	NFLX	482,583	$646.2m0.63%	0.63%	Reduced -232	-232 -0.1%
23	ELI LILLY & CO COM LLY	LLY	826,750	$644.6m0.63%	0.63%	Added +17.1k	+17,121 2.1%
24	CISCO SYS INC COM CSCO	CSCO	9,036,594	$627.0m0.61%	0.61%	Reduced -160.1k	-160,069 -1.7%
25	TEXAS INSTRS INC COM TXN	TXN	2,957,846	$614.1m0.60%	0.60%	Added +54.4k	+54,396 1.9%
26	MERCK & CO INC COM MRK	MRK	7,757,135	$614.1m0.60%	0.60%	Added +312.1k	+312,097 4.2%
27	COCA COLA CO COM KO	KO	8,592,911	$608.0m0.59%	0.59%	Reduced -114.2k	-114,150 -1.3%
28	ALPHABET INC CAP STK CL C GOOG	GOOG	3,336,689	$591.9m0.58%	0.58%	Reduced -154.0k	-154,022 -4.4%
29	LOCKHEED MARTIN CORP COM LMT	LMT	1,255,678	$581.6m0.57%	0.57%	Added +21.4k	+21,449 1.7%
30	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	1,941,290	$580.3m0.56%	0.56%	Added +35.3k	+35,275 1.9%
31	ISHARES TR S&P 500 VAL ETF IVE	IVE	2,928,155	$572.2m0.56%	0.56%	Added +214.9k	+214,865 7.9%
32	EMERSON ELEC CO COM EMR	EMR	4,249,741	$566.6m0.55%	0.55%	Reduced -16.8k	-16,818 -0.4%
33	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	1,834,501	$565.8m0.55%	0.55%	Reduced -46.0k	-45,984 -2.5%
34	AMPHENOL CORP CL A APH	APH	5,534,395	$546.5m0.53%	0.53%	Reduced -1.1m	-1,123,482 -16.9%
35	UNION PAC CORP COM UNP	UNP	2,340,235	$538.4m0.52%	0.52%	Reduced -5.6k	-5,634 -0.2%
36	ISHARES TR RUS 1000 GRW ETF IWF	IWF	1,262,727	$536.1m0.52%	0.52%	Reduced -74.5k	-74,459 -5.6%
37	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	970,454	$535.4m0.52%	0.52%	Added +13.9k	+13,896 1.4%
38	UNITEDHEALTH GROUP INC COM UNH	UNH	1,705,736	$532.2m0.52%	0.52%	Added +98.2k	+98,231 6.1%
39	MEDTRONIC PLC SHS MDT	MDT	5,971,881	$520.6m0.51%	0.51%	Added +41.4k	+41,371 0.7%
40	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,759,638	$518.7m0.50%	0.50%	Reduced -51.0k	-51,014 -2.8%
41	WASTE MGMT INC DEL COM WM	WM	2,235,147	$511.5m0.50%	0.50%	Reduced -49.9k	-49,870 -2.2%
42	EATON CORP PLC SHS ETN	ETN	1,424,072	$508.4m0.49%	0.49%	Added +33.6k	+33,646 2.4%
43	MARSH & MCLENNAN COS INC COM MRSH	MRSH	2,255,144	$493.1m0.48%	0.48%	Reduced -16.4k	-16,442 -0.7%
44	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	976,190	$474.2m0.46%	0.46%	Added +22.9k	+22,872 2.4%
45	ABBVIE INC COM ABBV	ABBV	2,500,446	$464.1m0.45%	0.45%	Added +102.2k	+102,160 4.3%
46	COLGATE PALMOLIVE CO COM CL	CL	5,099,553	$463.6m0.45%	0.45%	Reduced -29.3k	-29,312 -0.6%
47	AIR PRODS & CHEMS INC COM APD	APD	1,630,950	$460.0m0.45%	0.45%	Added +13.2k	+13,239 0.8%
48	CHEVRON CORP NEW COM CVX	CVX	3,196,705	$457.7m0.45%	0.45%	Added +239.6k	+239,599 8.1%
49	EXXON MOBIL CORP COM XOM	XOM	4,206,875	$453.5m0.44%	0.44%	Added +273.6k	+273,624 7.0%
50	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	7,880,481	$449.3m0.44%	0.44%	Added +1.2m	+1,234,461 18.6%
51	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	4,886,214	$448.2m0.44%	0.44%	Reduced -594.8k	-594,812 -10.8%
52	ILLINOIS TOOL WKS INC COM ITW	ITW	1,752,081	$433.2m0.42%	0.42%	Added +8.3k	+8,284 0.5%
53	REPUBLIC SVCS INC COM RSG	RSG	1,752,523	$432.2m0.42%	0.42%	Reduced -49.8k	-49,848 -2.8%
54	TRACTOR SUPPLY CO COM TSCO	TSCO	8,077,253	$426.2m0.41%	0.41%	Reduced -84.2k	-84,225 -1.0%
55	AMGEN INC COM AMGN	AMGN	1,515,051	$423.0m0.41%	0.41%	Added +64.1k	+64,135 4.4%
56	CHURCH & DWIGHT CO INC COM CHD	CHD	4,305,155	$413.8m0.40%	0.40%	Added +27.6k	+27,550 0.6%
57	GRAINGER W W INC COM GWW	GWW	397,069	$413.1m0.40%	0.40%	Reduced -10.4k	-10,417 -2.6%
58	MASTERCARD INCORPORATED CL A MA	MA	732,295	$411.6m0.40%	0.40%	Added +30.3k	+30,349 4.3%
59	ISHARES TR CORE S&P500 ETF IVV	IVV	656,358	$407.5m0.40%	0.40%	Reduced -80.6k	-80,609 -10.9%
60	PALO ALTO NETWORKS INC COM PANW	PANW	1,976,946	$404.6m0.39%	0.39%	Added +35.6k	+35,647 1.8%
61	SERVICENOW INC COM NOW	NOW	381,046	$391.7m0.38%	0.38%	Reduced -4.5k	-4,472 -1.2%
62	TJX COS INC NEW COM TJX	TJX	3,171,451	$391.6m0.38%	0.38%	Added +9.2k	+9,189 0.3%
63	HONEYWELL INTL INC COM COM		1,633,746	$380.5m0.37%	0.37%	Added +13.1k	+13,124 0.8%
64	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	1,552,802	$377.4m0.37%	0.37%	Reduced -22.2k	-22,236 -1.4%
65	ISHARES TR MBS ETF MBB	MBB	3,970,996	$372.8m0.36%	0.36%	Added +254.4k	+254,425 6.8%
66	MOODYS CORP COM MCO	MCO	724,130	$363.2m0.35%	0.35%	Added +693.2k	+693,230 2243.5%
67	CUMMINS INC COM CMI	CMI	1,081,260	$354.1m0.34%	0.34%	Reduced -4.6k	-4,588 -0.4%
68	SALESFORCE INC COM CRM	CRM	1,294,526	$353.0m0.34%	0.34%	Reduced -21.0k	-20,962 -1.6%
69	ISHARES TR RUS 1000 VAL ETF IWD	IWD	1,805,392	$350.7m0.34%	0.34%	Reduced -87.1k	-87,133 -4.6%
70	MCDONALDS CORP COM MCD	MCD	1,127,979	$329.6m0.32%	0.32%	Added +6.3k	+6,326 0.6%
71	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	1,777,705	$325.0m0.32%	0.32%	Added +17.8k	+17,827 1.0%
72	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	735,886	$322.7m0.31%	0.31%	Added +4.0k	+3,985 0.5%
73	INTUIT COM INTU	INTU	393,038	$309.6m0.30%	0.30%	Added +3.0k	+2,967 0.8%
74	VERIZON COMMUNICATIONS INC COM VZ	VZ	6,835,915	$295.8m0.29%	0.29%	Added +32.1k	+32,068 0.5%
75	CLOROX CO DEL COM CLX	CLX	2,421,498	$290.8m0.28%	0.28%	Added +50.9k	+50,905 2.1%
76	ELEVANCE HEALTH INC COM ELV	ELV	740,222	$287.9m0.28%	0.28%	Reduced -10.6k	-10,622 -1.4%
77	CINTAS CORP COM CTAS	CTAS	1,269,103	$282.9m0.28%	0.28%	Reduced -9.4k	-9,401 -0.7%
78	S&P GLOBAL INC COM SPGI	SPGI	532,478	$280.8m0.27%	0.27%	Reduced -3.3k	-3,305 -0.6%
79	ADOBE INC COM ADBE	ADBE	716,731	$277.3m0.27%	0.27%	Added +25.0k	+25,040 3.6%
80	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	683,221	$277.0m0.27%	0.27%	Added +17.7k	+17,713 2.7%
81	STRYKER CORPORATION COM SYK	SYK	693,705	$274.5m0.27%	0.27%	Added +20.1k	+20,099 3.0%
82	VANGUARD INDEX FDS VALUE ETF VTV	VTV	1,551,304	$274.2m0.27%	0.27%	Added +57.8k	+57,820 3.9%
83	VANGUARD WORLD FD INF TECH ETF VGT	VGT	411,061	$272.7m0.27%	0.27%	Added +5.5k	+5,466 1.4%
84	VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF VMBS	VMBS	5,854,616	$271.3m0.26%	0.26%	Reduced -24.6k	-24,617 -0.4%
85	RTX CORPORATION COM RTX	RTX	1,852,662	$270.5m0.26%	0.26%	Added +58.1k	+58,093 3.2%
86	VANGUARD INDEX FDS SMALL CP ETF VB	VB	1,114,381	$264.1m0.26%	0.26%	Added +20.1k	+20,098 1.8%
87	LINDE PLC SHS LIN	LIN	560,612	$263.1m0.26%	0.26%	Reduced -1.6k	-1,562 -0.3%
88	ISHARES INC CORE MSCI EMKT IEMG	IEMG	4,373,556	$262.5m0.26%	0.26%	Added +536.3k	+536,301 14.0%
89	UBER TECHNOLOGIES INC COM UBER	UBER	2,811,397	$262.3m0.26%	0.26%	Reduced -190.1k	-190,104 -6.3%
90	ISHARES TR 3 7 YR TREAS BD IEI	IEI	2,170,065	$258.4m0.25%	0.25%	Added +635.6k	+635,597 41.4%
91	SPDR GOLD TR GOLD SHS GLD	GLD	831,747	$253.5m0.25%	0.25%	Reduced -3.3k	-3,323 -0.4%
92	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	453,840	$246.6m0.24%	0.24%	Added +33.3k	+33,332 7.9%
93	PHILIP MORRIS INTL INC COM PM	PM	1,350,002	$245.9m0.24%	0.24%	Reduced -51.3k	-51,312 -3.7%
94	ABBOTT LABS COM ABT	ABT	1,804,073	$245.4m0.24%	0.24%	Reduced -5.3k	-5,267 -0.3%
95	CATERPILLAR INC COM CAT	CAT	625,585	$242.9m0.24%	0.24%	Added +11.0k	+10,997 1.8%
96	STIFEL FINL CORP COM SF	SF	2,310,275	$239.8m0.23%	0.23%	Reduced -85.9k	-85,916 -3.6%
97	TESLA INC COM TSLA	TSLA	751,695	$238.8m0.23%	0.23%	Added +33.8k	+33,762 4.7%
98	CHUBB LIMITED COM CB	CB	821,466	$238.0m0.23%	0.23%	Added +140.4k	+140,403 20.6%
99	ISHARES TR USD INV GRDE ETF USIG	USIG	4,467,924	$229.8m0.22%	0.22%	Added +45.5k	+45,458 1.0%
100	INVESCO EXCH TRADED FD TR II RUSEL 1000 EQL EQAL	EQAL	4,666,143	$229.8m0.22%	0.22%	Added +1.1m	+1,079,519 30.1%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
INVESCO EXCH TRADED FD TR II XSHQ	XSHQ	1,138,723	$45.0m1.1m shares
DISCOVER FINL SVCS DFS	DFS	136,756	$23.3m136.8k shares
FOOT LOCKER INC FL	FL	1,062,393	$15.0m1.1m shares
BARRICK GOLD CORP		424,921	$8.3m424.9k shares
LOUISIANA PAC CORP LPX	LPX	38,465	$3.5m38.5k shares
H & E EQUIPMENT SERVICES INC HEES	HEES	34,327	$3.3m34.3k shares
ROCKET LAB USA INC		174,092	$3.1m174.1k shares
INTRA-CELLULAR THERAPIES INC ITCI	ITCI	18,447	$2.4m18.4k shares
SCHNEIDER NATIONAL INC SNDR	SNDR	103,051	$2.4m103.1k shares
ISHARES TR IWC	IWC	20,068	$2.2m20.1k shares
FIDELIS INSURANCE HOLDINGS L PLGO	PLGO	135,755	$2.2m135.8k shares
VOX ROYALTY CORP VOXR	VOXR	672,034	$2.0m672.0k shares
MANAGED PORTFOLIO SERIES		52,028	$1.9m52.0k shares
UNITED STATES STL CORP NEW X	X	44,012	$1.9m44.0k shares
AZENTA INC AZTA	AZTA	49,169	$1.7m49.2k shares
FIRSTSUN CAP BANCORP FSUN	FSUN	45,484	$1.6m45.5k shares
J P MORGAN EXCHANGE TRADED F JPMB	JPMB	41,418	$1.6m41.4k shares
ISHARES TR IBDZ	IBDZ	60,160	$1.6m60.2k shares
THE ALGER ETF TRUST FRTY	FRTY	92,484	$1.5m92.5k shares
EXP WORLD HLDGS INC AGNT	AGNT	146,546	$1.4m146.5k shares
CENTURY CMNTYS INC CCS	CCS	20,231	$1.4m20.2k shares
OCEANEERING INTL INC OII	OII	61,286	$1.3m61.3k shares
CRITEO S A CRTO	CRTO	33,439	$1.2m33.4k shares
SPRINGWORKS THERAPEUTICS INC SWTX	SWTX	25,102	$1.1m25.1k shares
VEREN INC VRN	VRN	155,658	$1.0m155.7k shares