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 ($9.3m this quarter). Holder counts are more reliable. Shares outstanding: 206.3m as of 2025-06-30, 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 ≈ $54.76. Options: 24 managers hold calls ($146.6m notional), 19 hold puts ($58.5m).
Trends to Q2 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 |
| Q2 2025 | 559 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 281 | 264 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $126.3m | $52.5m | 0.42 |
| Q4 2024 | $99.3m | $52.8m | 0.53 |
| Q1 2025 | $94.2m | $55.6m | 0.59 |
| Q2 2025 | $146.6m | $58.5m | 0.40 |
Biggest buyers
| EMINENCE CAPITAL, LP | New | +1.5m |
| FEDERATED HERMES, INC. | Added | +933.7k |
| Artemis Investment Management LLP | Added | +842.1k |
| Migdal Insurance & Financial Holdings Ltd. | Added | +798.0k |
| Fisher Asset Management, LLC | Added | +648.8k |
| Balyasny Asset Management L.P. | Added | +641.4k |
| Holocene Advisors, LP | New | +592.3k |
| Allspring Global Investments Holdings, LLC | Added | +578.0k |
| MORGAN STANLEY | Added | +541.0k |
| TWO SIGMA ADVISERS, LP | Added | +473.7k |
Biggest sellers
| BARCLAYS PLC | Reduced | -1.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -924.6k |
| JPMORGAN CHASE & CO | Reduced | -628.4k |
| Invesco Ltd. | Reduced | -522.0k |
| CAPTRUST FINANCIAL ADVISORS | Reduced | -473.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -473.0k |
| BlackRock, Inc. | Reduced | -437.1k |
| Zurich Insurance Group Ltd/FI | Sold out | -424.4k |
| CITIGROUP INC | Reduced | -420.6k |
| Cannell & Spears LLC | Sold out | -380.2k |
Biggest calls
| Twin Tree Management, LP | Added | $34.8m635.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $25.0m457.8k shares |
| CITADEL ADVISORS LLC | Added | $16.7m304.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $10.0m182.1k shares |
| Walleye Trading LLC | Added | $9.9m180.6k shares |
| PEAK6 LLC | Added | $7.7m140.4k shares |
| JANE STREET GROUP, LLC | Added | $6.7m122.9k shares |
| GROUP ONE TRADING LLC | Added | $5.6m103.2k shares |
| D. E. Shaw & Co., Inc. | Added | $5.0m91.6k shares |
| WOLVERINE TRADING, LLC | Added | $4.7m84.5k shares |
Biggest puts
| CAPITAL FUND MANAGEMENT S.A. | Added | $11.0m201.7k shares |
| Twin Tree Management, LP | Reduced | $9.9m181.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.3m169.3k shares |
| CITADEL ADVISORS LLC | Reduced | $7.1m129.5k shares |
| IMC-Chicago, LLC | Added | $3.7m68.4k shares |
| WOLVERINE TRADING, LLC | Added | $3.6m65.0k shares |
| Cubist Systematic Strategies, LLC | Added | $3.2m59.4k shares |
| D. E. Shaw & Co., Inc. | Added | $3.0m54.0k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m33.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.0m18.8k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 15.4m $842.0m | Reduced -437.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 15.0m $817.8m | Reduced -322.3k |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. 8.25% of their portfolio | 9.2m $505.7m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.65% of their portfolio | 7.0m $388.4m | Added +578.0k |
| ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio | 6.7m $366.1m | Reduced -113.5k |
| STATE STREET CORP 0.01% of their portfolio | 4.8m $264.5m | Reduced -255.8k |
| MASSACHUSETTS MUTUAL LIFE INSURANCE CO 16.56% of their portfolio | 4.7m $254.6m | Unchanged |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 4.5m $246.0m | Reduced -628.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.9m $160.4m | Added +319.2k |
| MORGAN STANLEY 0.01% of their portfolio | 2.9m $157.5m | Added +541.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.9m $156.8m | Reduced -100.7k |
| First Pacific Advisors, LP 2.02% of their portfolio | 2.6m $141.1m | Reduced -540 |
| Fisher Asset Management, LLC 0.05% of their portfolio | 2.1m $113.9m | Added +648.8k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.37% of their portfolio | 2.0m $109.0m | Added +18.9k |
| NORGES BANK 0.01% of their portfolio | 2.0m $107.4m | Reduced -156.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $92.4m | Reduced -6.3k |
| BARCLAYS PLC 0.04% of their portfolio | 1.7m $91.5m | Reduced -1.1m |
| Migdal Insurance & Financial Holdings Ltd. 0.52% of their portfolio | 1.6m $87.3m | Added +798.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.6m $86.8m | Reduced -115.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 1.6m $86.1m | Reduced -13.9k |
| Invesco Ltd. 0.01% of their portfolio | 1.6m $85.4m | Reduced -522.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.5m $83.6m | Reduced -50.0k |
| TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio | 1.5m $80.2m | Added +407.5k |
| EMINENCE CAPITAL, LP 1.18% of their portfolio | 1.5m $80.0m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.5m $79.9m | Reduced -90.1k |
| Qube Research & Technologies Ltd 0.10% of their portfolio | 1.3m $73.2m | Added +111.0k |
| Artemis Investment Management LLP 0.91% of their portfolio | 1.3m $70.7m | Added +842.1k |
| BECK MACK & OLIVER LLC 1.34% of their portfolio | 1.3m $70.2m | Reduced -29.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $62.0m | Added +6.3k |
| TWO SIGMA ADVISERS, LP 0.12% of their portfolio | 1.1m $58.7m | Added +473.7k |
| Nuveen, LLC 0.01% of their portfolio | 991.1k $54.2m | Reduced -109.7k |
| FEDERATED HERMES, INC. 0.10% of their portfolio | 949.1k $51.9m | Added +933.7k |
| NewEdge Wealth, LLC 0.70% of their portfolio | 781.5k $45.0m | Added +278.6k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 722.1k $39.5m | Added +641.4k |
| FMR LLC 0.00% of their portfolio | 715.9k $39.2m | Reduced -32.5k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 707.4k $38.7m | Reduced -924.6k |
| PRIVATE MANAGEMENT GROUP INC 1.19% of their portfolio | 672.0k $36.8m | Added +22.4k |
| Moerus Capital Management LLC 15.54% of their portfolio | 665.9k $36.4m | Added +91.6k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 644.0k $35.2m | Added +392.4k |
| Freestone Grove Partners LP 0.27% of their portfolio | 642.8k $35.2m | Added +47.7k |
| Holocene Advisors, LP 0.08% of their portfolio | 592.3k $32.4m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 587.6k $32.1m | Added +149.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 580.6k $31.8m | Added +425.0k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 577.4k $31.6m | Reduced -42.3k |
| Mraz, Amerine & Associates, Inc. 5.01% of their portfolio | 571.3k $31.2m | Added +28.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 537.6k $29.4m | Reduced -140.8k |
| MILLER HOWARD INVESTMENTS INC /NY 0.90% of their portfolio | 521.0k $28.5m | Added +690 |
| BAMCO INC /NY/ 0.08% of their portfolio | 519.5k $28.4m | Added +140.0k |
| Retirement Systems of Alabama 0.10% of their portfolio | 498.1k $27.2m | Added +986 |
| SEI INVESTMENTS CO 0.03% of their portfolio | 497.2k $27.2m | Added +119.8k |
| Hosking Partners LLP 1.07% of their portfolio | 491.6k $26.9m | Reduced -132.2k |
| LSV ASSET MANAGEMENT 0.06% of their portfolio | 486.3k $26.6m | Reduced -3.0k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 474.5k $26.0m | Added +73.0k |
| GoodHaven Capital Management, LLC 8.40% of their portfolio | 442.3k $24.2m | Added +2.3k |
| Berkshire Hathaway Inc 0.01% of their portfolio | 433.6k $23.7m | Unchanged |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 431.3k $23.6m | Reduced -24.0k |
| Private Capital Management, LLC 2.34% of their portfolio | 421.7k $23.1m | Added +23.2k |
| UBS Group AG 0.00% of their portfolio | 418.0k $22.9m | Added +14.5k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 410.4k $22.4m | Added +174.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 401.0k $21.9m | Reduced -41.6k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 399.8k $21.9m | Reduced -115.9k |
| STRS OHIO 0.08% of their portfolio | 399.1k $21.8m | Reduced -9.6k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 4.99% of their portfolio | 394.3k $21.6m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 388.1k $21.2m | Added +61.0k |
| TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio | 386.8k $21.2m | Added +194.0k |
| PEAK6 LLC 0.37% of their portfolio | 375.1k $20.5m | Added +323.5k |
| CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio | 357.5k $19.6m | Reduced -473.8k |
| LPL Financial LLC 0.01% of their portfolio | 357.3k $19.5m | Added +10.5k |
| ExodusPoint Capital Management, LP 0.23% of their portfolio | 350.3k $19.2m | Added +268.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 347.8k $19.0m | Reduced -10.0k |
| Legal & General Group Plc 0.00% of their portfolio | 342.0k $18.7m | Reduced -18.5k |
| ROBOTTI ROBERT 3.14% of their portfolio | 341.7k $18.7m | Reduced -1.9k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 316.5k $17.3m | Reduced -119.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 310.5k $17.0m | Reduced -21.9k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 308.9k $16.9m | Reduced -79.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.18% of their portfolio | 303.1k $16.6m | Added +116.0k |
| Burgundy Asset Management Ltd. 0.16% of their portfolio | 300.0k $16.4m | New |
| Swiss National Bank 0.01% of their portfolio | 295.6k $16.2m | Reduced -3.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 294.4k $16.1m | Reduced -26.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 293.6k $16.1m | Added +8.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 259.5k $14.2m | Added +156.3k |
| OPPENHEIMER & CO INC 0.18% of their portfolio | 253.8k $13.9m | Reduced -10.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 233.2k $12.8m | Reduced -6.6k |
| Cerity Partners LLC 0.02% of their portfolio | 231.5k $12.7m | Added +5.1k |
| Amundi 0.00% of their portfolio | 226.0k $12.8m | Added +17.9k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 224.1k $12.3m | Reduced -20.5k |
| Merrion Investment Management Co, LLC 7.36% of their portfolio | 207.3k $11.3m | Reduced -4.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 204.7k $11.2m | Added +2.3k |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 197.0k $10.8m | Reduced -19.9k |
| Quantinno Capital Management LP 0.05% of their portfolio | 195.4k $10.7m | Added +48.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 189.5k $10.4m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 189.3k $10.4m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 188.7k $10.3m | Added +51.3k |
| Squarepoint Ops LLC 0.02% of their portfolio | 173.6k $9.5m | Added +110.5k |
| Rock Point Advisors, LLC 2.68% of their portfolio | 173.4k $9.5m | Added +2.8k |
| Focus Partners Wealth 0.02% of their portfolio | 173.1k $9.5m | Reduced -9.6k |
| Sequoia Financial Advisors, LLC 0.06% of their portfolio | 169.4k $9.3m | Added +20.7k |
| NATIXIS 0.05% of their portfolio | 166.5k $9.1m | Added +127.1k |
| BEACON INVESTMENT ADVISORY SERVICES, INC. 0.39% of their portfolio | 160.0k $8.7m | Added +11.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 158.6k $8.7m | Reduced -473.0k |