JEFFERIES FINL GROUP INC JEF
COM · Common Stock · CUSIP 47233W109 · ISIN US47233W1099
American financial services company
- SectorFinancials
- IndustrySecurity Brokers, Dealers & Flotation Companies
- HeadquartersNew York, NY
- Founded1979
- Websiteleucadia.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.1m this quarter). Holder counts are more reliable. Shares outstanding: 206.3m as of 2025-03-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $53.54. Options: 21 managers hold calls ($94.2m notional), 20 hold puts ($55.6m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 424 |
| Q4 2022 | 471 |
| Q1 2023 | 465 |
| Q2 2023 | 429 |
| Q3 2023 | 440 |
| Q4 2023 | 475 |
| Q1 2024 | 480 |
| Q2 2024 | 493 |
| Q3 2024 | 534 |
| Q4 2024 | 584 |
| Q1 2025 | 566 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 170 | 232 |
| Q3 2023 | 175 | 198 |
| Q4 2023 | 181 | 214 |
| Q1 2024 | 199 | 213 |
| Q2 2024 | 220 | 198 |
| Q3 2024 | 221 | 241 |
| Q4 2024 | 248 | 261 |
| Q1 2025 | 253 | 311 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $26.5m | $13.7m | 0.52 |
| Q3 2024 | $126.3m | $52.5m | 0.42 |
| Q4 2024 | $99.3m | $52.8m | 0.53 |
| Q1 2025 | $94.2m | $55.6m | 0.59 |
Biggest buyers
| NORGES BANK | Added | +1.7m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.5m |
| JPMORGAN CHASE & CO | Added | +1.2m |
| Qube Research & Technologies Ltd | Added | +949.1k |
| ALLIANCEBERNSTEIN L.P. | Added | +819.6k |
| RENAISSANCE TECHNOLOGIES LLC | New | +678.4k |
| BARCLAYS PLC | Added | +666.9k |
| Fisher Asset Management, LLC | Added | +655.3k |
| Freestone Grove Partners LP | New | +595.1k |
| CITADEL ADVISORS LLC | Added | +427.8k |
Biggest sellers
| CITIGROUP INC | Reduced | -7.5m |
| FMR LLC | Reduced | -4.6m |
| Invesco Ltd. | Reduced | -3.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -1.7m |
| Artemis Investment Management LLP | Reduced | -944.8k |
| MILLER HOWARD INVESTMENTS INC /NY | Reduced | -797.8k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -523.9k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -521.4k |
| MORGAN STANLEY | Reduced | -430.3k |
| Assenagon Asset Management S.A. | Reduced | -400.9k |
Biggest calls
| Twin Tree Management, LP | New | $26.1m486.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.6m234.8k shares |
| CITADEL ADVISORS LLC | Added | $8.8m163.9k shares |
| JANE STREET GROUP, LLC | Reduced | $6.4m118.8k shares |
| Balyasny Asset Management L.P. | New | $6.0m111.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $5.7m105.9k shares |
| IMC-Chicago, LLC | Added | $4.2m78.9k shares |
| WOLVERINE TRADING, LLC | New | $4.1m78.7k shares |
| GROUP ONE TRADING LLC | Added | $3.5m64.5k shares |
| D. E. Shaw & Co., Inc. | Reduced | $3.4m62.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.9m240.5k shares |
| Twin Tree Management, LP | New | $9.9m185.3k shares |
| CITADEL ADVISORS LLC | Added | $9.8m183.7k shares |
| SIMPLEX TRADING, LLC | Added | $3.3m61.2k shares |
| JANE STREET GROUP, LLC | Added | $2.6m49.3k shares |
| WOLVERINE TRADING, LLC | New | $2.6m48.9k shares |
| IMC-Chicago, LLC | Added | $2.4m44.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.3m42.6k shares |
| Interval Partners, LP | New | $1.7m31.9k shares |
| BARCLAYS PLC | New | $1.6m30.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $41.4m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 2 | $78.2m | — |
| Q3 2024 | 1 | $551.8m | 0 | — | — |
| Q4 2024 | 1 | $7.5k | 3 | $89.0m | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 15.8m $848.2m | Added +59.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 15.3m $818.3m | Reduced -79.5k |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. 9.08% of their portfolio | 9.2m $495.4m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio | 6.8m $364.7m | Added +819.6k |
| Allspring Global Investments Holdings, LLC 0.60% of their portfolio | 6.4m $343.3m | Added +246.6k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 5.1m $274.6m | Added +1.2m |
| STATE STREET CORP 0.01% of their portfolio | 5.1m $272.8m | Added +7.8k |
| MASSACHUSETTS MUTUAL LIFE INSURANCE CO 16.81% of their portfolio | 4.7m $249.4m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.0m $159.0m | Added +188.5k |
| BARCLAYS PLC 0.07% of their portfolio | 2.8m $150.1m | Added +666.9k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.6m $140.0m | Reduced -523.9k |
| First Pacific Advisors, LP 2.22% of their portfolio | 2.6m $138.3m | Reduced -220.7k |
| MORGAN STANLEY 0.01% of their portfolio | 2.3m $125.3m | Reduced -430.3k |
| NORGES BANK 0.02% of their portfolio | 2.1m $113.6m | Added +1.7m |
| Invesco Ltd. 0.02% of their portfolio | 2.1m $111.6m | Reduced -3.2m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.38% of their portfolio | 2.0m $105.8m | Reduced -73.7k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.7m $91.2m | Reduced -24.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $90.8m | Reduced -110.8k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 1.6m $87.4m | Added +1.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 1.6m $85.1m | Reduced -58.1k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.6m $84.6m | Added +345.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $83.1m | Reduced -30.5k |
| Fisher Asset Management, LLC 0.03% of their portfolio | 1.4m $76.8m | Added +655.3k |
| BECK MACK & OLIVER LLC 1.40% of their portfolio | 1.3m $70.3m | Reduced -44.9k |
| Qube Research & Technologies Ltd 0.10% of their portfolio | 1.2m $65.8m | Added +949.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $60.4m | Reduced -23.7k |
| Nuveen, LLC 0.02% of their portfolio | 1.1m $59.0m | First filing |
| TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio | 1.1m $56.8m | Added +404.1k |
| CAPTRUST FINANCIAL ADVISORS 0.11% of their portfolio | 831.4k $44.5m | Reduced -2.8k |
| Migdal Insurance & Financial Holdings Ltd. 0.60% of their portfolio | 798.0k $42.7m | Added +373.0k |
| FMR LLC 0.00% of their portfolio | 748.4k $40.1m | Reduced -4.6m |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 678.4k $36.3m | New |
| PRIVATE MANAGEMENT GROUP INC 1.24% of their portfolio | 649.5k $34.8m | Reduced -25.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio | 631.5k $33.8m | Added +170.0k |
| Hosking Partners LLP 1.41% of their portfolio | 623.8k $33.4m | Reduced -69.3k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 619.7k $33.2m | Added +427.8k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 599.8k $32.1m | Added +167.6k |
| Freestone Grove Partners LP 0.33% of their portfolio | 595.1k $31.9m | New |
| Moerus Capital Management LLC 13.76% of their portfolio | 574.3k $30.8m | Reduced -66.0k |
| Mraz, Amerine & Associates, Inc. 4.87% of their portfolio | 542.4k $28.3m | Added +3.7k |
| MILLER HOWARD INVESTMENTS INC /NY 0.89% of their portfolio | 520.4k $27.9m | Reduced -797.8k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 515.7k $27.6m | Reduced -70.6k |
| NewEdge Wealth, LLC 0.49% of their portfolio | 502.9k $26.9m | Added +52.8k |
| Retirement Systems of Alabama 0.10% of their portfolio | 497.2k $26.6m | Added +769 |
| LSV ASSET MANAGEMENT 0.06% of their portfolio | 489.3k $26.2m | Reduced -266.8k |
| CITIGROUP INC 0.02% of their portfolio | 479.6k $25.7m | Reduced -7.5m |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 455.2k $24.4m | Reduced -6.7k |
| Artemis Investment Management LLP 0.37% of their portfolio | 450.0k $24.1m | Reduced -944.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 442.6k $23.7m | Reduced -161.5k |
| GoodHaven Capital Management, LLC 7.98% of their portfolio | 440.0k $23.6m | Reduced -9.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 437.8k $23.5m | Reduced -25.7k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 436.4k $23.4m | Reduced -10.0k |
| Berkshire Hathaway Inc 0.01% of their portfolio | 433.6k $23.2m | Unchanged |
| Zurich Insurance Group Ltd/FI 0.18% of their portfolio | 424.4k $22.7m | Reduced -122.7k |
| STRS OHIO 0.09% of their portfolio | 408.7k $21.9m | Reduced -34.3k |
| UBS Group AG 0.00% of their portfolio | 403.5k $21.6m | Added +138.5k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 401.5k $21.5m | Reduced -400.9k |
| Private Capital Management, LLC 2.38% of their portfolio | 398.5k $21.3m | Reduced -117.6k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 388.2k $20.3m | Reduced -86.9k |
| Cannell & Spears LLC 0.44% of their portfolio | 380.2k $20.4m | New |
| BAMCO INC /NY/ 0.06% of their portfolio | 379.5k $20.3m | Added +100.0k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 377.4k $20.2m | Reduced -45.6k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 361.3k $19.4m | Reduced -4.6k |
| Legal & General Group Plc 0.01% of their portfolio | 360.5k $19.3m | Reduced -53.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 357.8k $19.2m | Added +2.3k |
| LPL Financial LLC 0.01% of their portfolio | 346.9k $18.6m | Reduced -28.6k |
| ROBOTTI ROBERT 3.69% of their portfolio | 343.5k $18.4m | Reduced -64.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 332.4k $17.8m | Reduced -2.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 327.1k $17.5m | Added +6.6k |
| INTECH INVESTMENT MANAGEMENT LLC 0.18% of their portfolio | 320.5k $17.2m | Added +124.9k |
| Eisler Capital Management Ltd. 0.49% of their portfolio | 306.2k $16.4m | New |
| Swiss National Bank 0.01% of their portfolio | 298.6k $16.0m | Reduced -4.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 285.1k $15.3m | Reduced -162.9k |
| TRAN CAPITAL MANAGEMENT, L.P. 1.99% of their portfolio | 276.5k $14.8m | New |
| Cubist Systematic Strategies, LLC 0.19% of their portfolio | 274.8k $14.7m | New |
| OPPENHEIMER & CO INC 0.21% of their portfolio | 264.1k $14.1m | Reduced -14.0k |
| OSSIAM 0.19% of their portfolio | 254.0k $13.6m | Added +251.4k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.23% of their portfolio | 252.2k $13.5m | Reduced -4.7k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 251.6k $13.5m | Added +235.1k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 244.6k $13.1m | Reduced -99.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 239.9k $12.9m | Reduced -27.1k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 235.9k $12.1m | Added +90.6k |
| Cerity Partners LLC 0.02% of their portfolio | 226.5k $12.1m | Reduced -60.2k |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 217.0k $11.6m | Reduced -440 |
| Merrion Investment Management Co, LLC 8.14% of their portfolio | 211.6k $11.3m | Reduced -100 |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 210.4k $11.3m | Added +35.4k |
| Verition Fund Management LLC 0.06% of their portfolio | 208.6k $11.2m | Added +179.7k |
| Amundi 0.00% of their portfolio | 208.1k $10.0m | Added +206.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 202.3k $10.8m | Reduced -13.4k |
| AEGON ASSET MANAGEMENT UK Plc 0.16% of their portfolio | 202.3k $10.8m | Reduced -53.0k |
| TUDOR INVESTMENT CORP ET AL 0.09% of their portfolio | 192.8k $10.3m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 189.3k $10.1m | Reduced -20.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.13% of their portfolio | 187.2k $10.0m | Added +117.9k |
| Focus Partners Wealth 0.02% of their portfolio | 182.7k $9.8m | Reduced -354.0k |
| Corebridge Financial, Inc. 0.06% of their portfolio | 180.5k $9.7m | Reduced -3.9k |
| Rock Point Advisors, LLC 2.82% of their portfolio | 170.6k $9.1m | Reduced -36.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 155.6k $8.3m | Reduced -2.7k |
| BEACON INVESTMENT ADVISORY SERVICES, INC. 0.37% of their portfolio | 148.7k $8.0m | Reduced -23.4k |
| Sequoia Financial Advisors, LLC 0.06% of their portfolio | 148.7k $8.0m | Added +4.8k |
| Quantinno Capital Management LP 0.05% of their portfolio | 147.0k $7.9m | Added +39.6k |