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 ($16.7m this quarter). Holder counts are more reliable. Shares outstanding: 206.7m as of 2026-01-15, 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 ≈ $62.05. Options: 22 managers hold calls ($156.0m notional), 29 hold puts ($173.2m).
Trends to Q4 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 |
| Q3 2025 | 570 |
| Q4 2025 | 597 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 199 | 213 |
| Q2 2024 | 220 | 198 |
| Q3 2024 | 221 | 241 |
| Q4 2024 | 248 | 261 |
| Q1 2025 | 253 | 311 |
| Q2 2025 | 281 | 264 |
| Q3 2025 | 261 | 260 |
| Q4 2025 | 272 | 267 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $94.2m | $55.6m | 0.59 |
| Q2 2025 | $146.6m | $58.5m | 0.40 |
| Q3 2025 | $141.1m | $158.1m | 1.12 |
| Q4 2025 | $156.0m | $173.2m | 1.11 |
Biggest buyers
| Alyeska Investment Group, L.P. | Added | +3.2m |
| AQR CAPITAL MANAGEMENT LLC | Added | +3.0m |
| CITADEL ADVISORS LLC | Added | +1.2m |
| D. E. Shaw & Co., Inc. | Added | +1.0m |
| Munro Partners | New | +975.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +868.0k |
| BlackRock, Inc. | Added | +805.9k |
| Freestone Grove Partners LP | Added | +637.7k |
| CI INVESTMENTS INC. | Added | +573.0k |
| EMINENCE CAPITAL, LP | Added | +454.1k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -8.0m |
| Artemis Investment Management LLP | Reduced | -1.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.3m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.2m |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -1.1m |
| TWO SIGMA ADVISERS, LP | Reduced | -1.0m |
| FEDERATED HERMES, INC. | Reduced | -513.4k |
| Qube Research & Technologies Ltd | Reduced | -499.2k |
| MILLER HOWARD INVESTMENTS INC /NY | Reduced | -493.7k |
| Balyasny Asset Management L.P. | Reduced | -461.2k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $45.7m738.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $31.3m505.6k shares |
| CITADEL ADVISORS LLC | Added | $22.5m362.5k shares |
| IMC-Chicago, LLC | Added | $11.2m180.8k shares |
| JANE STREET GROUP, LLC | Added | $10.9m176.2k shares |
| D. E. Shaw & Co., Inc. | Added | $9.4m152.0k shares |
| Point72 Asset Management, L.P. | New | $6.0m97.4k shares |
| Verition Fund Management LLC | New | $3.1m50.0k shares |
| SIMPLEX TRADING, LLC | Added | $3.1m49.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.5m39.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $33.5m540.3k shares |
| CITADEL ADVISORS LLC | Added | $30.5m491.6k shares |
| BARCLAYS PLC | New | $21.7m350.0k shares |
| IMC-Chicago, LLC | Added | $10.4m167.1k shares |
| GROUP ONE TRADING LLC | Added | $9.5m153.4k shares |
| NOMURA HOLDINGS INC | New | $9.3m149.9k shares |
| Point72 Asset Management, L.P. | Added | $8.8m141.3k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $7.3m1.2k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $7.0m112.2k shares |
| CITIGROUP INC | New | $6.2m100.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 16.4m $1.0bn | Added +805.9k |
| VANGUARD GROUP INC 0.01% of their portfolio | 14.7m $913.1m | Reduced -140.8k |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. 10.15% of their portfolio | 9.2m $573.0m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.74% of their portfolio | 7.2m $453.9m | Reduced -200.6k |
| ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio | 5.6m $345.6m | Reduced -198.7k |
| STATE STREET CORP 0.01% of their portfolio | 4.8m $295.1m | Reduced -65.6k |
| MASSACHUSETTS MUTUAL LIFE INSURANCE CO 11.89% of their portfolio | 4.7m $288.4m | Reduced -869 |
| Alyeska Investment Group, L.P. 0.70% of their portfolio | 4.0m $246.2m | Added +3.2m |
| EMINENCE CAPITAL, LP 3.74% of their portfolio | 3.8m $236.3m | Added +454.1k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 3.4m $211.5m | Added +3.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.9m $182.4m | Added +24.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.6m $161.6m | Added +29.1k |
| First Pacific Advisors, LP 2.11% of their portfolio | 2.6m $159.9m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 2.5m $156.5m | Reduced -257.5k |
| NORGES BANK 0.02% of their portfolio | 2.3m $145.6m | Not comparable |
| Fisher Asset Management, LLC 0.04% of their portfolio | 2.1m $131.1m | Reduced -232 |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.0m $121.5m | Reduced -8.0m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.8m $109.2m | Reduced -65.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.36% of their portfolio | 1.8m $108.8m | Reduced -239.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $106.8m | Reduced -54.0k |
| FMR LLC 0.00% of their portfolio | 1.6m $96.7m | Added +61.4k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 1.5m $91.0m | Added +1.2m |
| BARCLAYS PLC 0.04% of their portfolio | 1.4m $88.9m | Reduced -94.8k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.4m $88.5m | Reduced -141.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $87.8m | Reduced -42.1k |
| BECK MACK & OLIVER LLC 1.39% of their portfolio | 1.2m $76.4m | Reduced -35.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $72.7m | Added +23.2k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 1.1m $68.6m | Added +1.0m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.24% of their portfolio | 1.0m $63.0m | Added +868.0k |
| UBS Group AG 0.01% of their portfolio | 991.8k $61.5m | Reduced -69.9k |
| Artemis Investment Management LLP 0.74% of their portfolio | 984.1k $61.0m | Reduced -1.4m |
| SEI INVESTMENTS CO 0.06% of their portfolio | 982.4k $60.9m | Added +408.3k |
| Munro Partners 1.69% of their portfolio | 975.8k $60.5m | New |
| FEDERATED HERMES, INC. 0.10% of their portfolio | 968.6k $60.0m | Reduced -513.4k |
| Freestone Grove Partners LP 0.43% of their portfolio | 959.3k $59.4m | Added +637.7k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 954.3k $59.1m | Added +324.5k |
| Nuveen, LLC 0.02% of their portfolio | 932.4k $57.8m | Reduced -15.1k |
| NewEdge Wealth, LLC 0.65% of their portfolio | 924.6k $57.3m | Added +14.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 698.5k $43.3m | Added +47.3k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 678.5k $42.0m | Reduced -108.4k |
| PRIVATE MANAGEMENT GROUP INC 1.19% of their portfolio | 657.9k $40.8m | Reduced -5.0k |
| CI INVESTMENTS INC. 0.17% of their portfolio | 620.9k $38.5m | Added +573.0k |
| Moerus Capital Management LLC 16.29% of their portfolio | 609.7k $37.8m | Reduced -70.1k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 605.3k $37.5m | Added +236.8k |
| BAMCO INC /NY/ 0.10% of their portfolio | 596.5k $37.0m | Added +77.0k |
| Mraz, Amerine & Associates, Inc. 5.33% of their portfolio | 578.8k $35.9m | Added +10.0k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 501.0k $31.0m | Added +172.1k |
| Hosking Partners LLP 1.02% of their portfolio | 486.3k $30.1m | Reduced -1.8k |
| Retirement Systems of Alabama 0.09% of their portfolio | 470.1k $29.1m | Reduced -1.5k |
| CHECK CAPITAL MANAGEMENT INC/CA 1.68% of their portfolio | 452.5k $28.0m | New |
| GoodHaven Capital Management, LLC 8.88% of their portfolio | 442.5k $27.4m | Added +500 |
| Berkshire Hathaway Inc 0.01% of their portfolio | 433.6k $26.9m | Unchanged |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 427.4k $26.5m | Reduced -461.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 424.3k $26.3m | Reduced -2.4k |
| Private Capital Management, LLC 2.47% of their portfolio | 419.4k $26.0m | Added +790 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 411.2k $25.5m | Added +11.5k |
| Migdal Insurance & Financial Holdings Ltd. 0.21% of their portfolio | 398.0k $24.7m | Reduced -400.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.23% of their portfolio | 388.0k $24.0m | Added +225.5k |
| Quantinno Capital Management LP 0.05% of their portfolio | 379.1k $23.5m | Added +127.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 363.4k $22.5m | Reduced -1.1m |
| Invesco Ltd. 0.00% of their portfolio | 350.0k $21.7m | Reduced -148.4k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 349.8k $21.7m | Reduced -51.9k |
| CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio | 348.3k $21.6m | Added +17.8k |
| PEAK6 LLC 0.29% of their portfolio | 339.5k $21.0m | Reduced -62.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 335.5k $20.8m | Reduced -49.6k |
| ROBOTTI ROBERT 3.66% of their portfolio | 328.9k $20.4m | Reduced -3.8k |
| LPL Financial LLC 0.01% of their portfolio | 325.1k $20.1m | Reduced -34.7k |
| SG Americas Securities, LLC 0.03% of their portfolio | 311.4k $19.3m | Added +291.7k |
| Swiss National Bank 0.01% of their portfolio | 305.0k $18.9m | Added +5.1k |
| Gradient Investments LLC 0.29% of their portfolio | 291.8k $18.1m | Added +259.6k |
| Cerity Partners LLC 0.03% of their portfolio | 282.9k $17.5m | Added +65.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 282.9k $17.5m | Reduced -11.6k |
| Strategic Wealth Partners, Ltd. 1.19% of their portfolio | 279.8k $17.3m | Added +83.4k |
| Squarepoint Ops LLC 0.03% of their portfolio | 271.6k $16.8m | Added +109.8k |
| Ensign Peak Advisors, Inc 0.03% of their portfolio | 261.2k $16.2m | Reduced -71.1k |
| Legal & General Group Plc 0.00% of their portfolio | 258.4k $16.0m | Reduced -62.2k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 255.4k $15.8m | Reduced -1.0m |
| VALUEWORKS LLC 4.10% of their portfolio | 251.3k $15.6m | New |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 231.5k $14.3m | Reduced -1.2m |
| IEQ CAPITAL, LLC 0.04% of their portfolio | 215.8k $13.4m | Added +203.3k |
| OPPENHEIMER & CO INC 0.18% of their portfolio | 206.4k $12.8m | Added +5.7k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 202.0k $12.5m | Added +167.5k |
| RBF Capital, LLC 0.28% of their portfolio | 200.0k $12.4m | Added +100.0k |
| Merrion Investment Management Co, LLC 6.67% of their portfolio | 199.7k $12.4m | Reduced -7.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 196.3k $12.2m | Reduced -168.6k |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 193.6k $12.0m | Added +248 |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 188.2k $11.7m | Reduced -1.3m |
| MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio | 185.8k $11.5m | Added +159.0k |
| Focus Partners Wealth 0.01% of their portfolio | 182.5k $11.3m | Added +21.1k |
| ALGERT GLOBAL LLC 0.18% of their portfolio | 181.7k $11.3m | Added +4.8k |
| Rock Point Advisors, LLC 2.80% of their portfolio | 180.4k $11.2m | Added +7.1k |
| Sequoia Financial Advisors, LLC 0.06% of their portfolio | 176.6k $10.9m | Added +5.6k |
| BEACON INVESTMENT ADVISORY SERVICES, INC. 0.44% of their portfolio | 173.6k $10.8m | Added +6.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 173.3k $10.7m | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 170.3k $10.6m | Added +49.1k |
| Man Group plc 0.02% of their portfolio | 166.6k $10.3m | Added +162.6k |
| MetLife Investment Management, LLC 0.05% of their portfolio | 161.0k $10.0m | Added +71.4k |
| Jump Financial, LLC 0.12% of their portfolio | 159.2k $9.9m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 155.2k $9.6m | Reduced -23.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 155.1k $9.6m | Reduced -54.5k |