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 ($39.9m this quarter). Holder counts are more reliable. Shares outstanding: 204.4m as of 2026-03-30, 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 ≈ $41.79. Options: 23 managers hold calls ($187.5m notional), 23 hold puts ($157.4m).
Trends to Q1 2026
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 |
| Q1 2026 | 561 |
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 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 |
| Q1 2026 | 292 | 282 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $146.6m | $58.5m | 0.40 |
| Q3 2025 | $141.1m | $158.1m | 1.12 |
| Q4 2025 | $156.0m | $173.2m | 1.11 |
| Q1 2026 | $187.5m | $157.4m | 0.84 |
Biggest buyers
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +3.2m |
| TWO SIGMA INVESTMENTS, LP | Added | +2.6m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.9m |
| D. E. Shaw & Co., Inc. | Added | +1.5m |
| BlackRock, Inc. | Added | +1.2m |
| Assenagon Asset Management S.A. | Added | +963.9k |
| BAMCO INC /NY/ | Added | +933.7k |
| Qube Research & Technologies Ltd | Added | +897.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +828.6k |
| JANE STREET GROUP, LLC | Added | +818.5k |
Biggest sellers
| Allspring Global Investments Holdings, LLC | Reduced | -7.1m |
| Alyeska Investment Group, L.P. | Sold out | -4.0m |
| EMINENCE CAPITAL, LP | Sold out | -3.8m |
| Fisher Asset Management, LLC | Reduced | -2.1m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.8m |
| Artemis Investment Management LLP | Sold out | -984.1k |
| Munro Partners | Sold out | -975.8k |
| BANK OF AMERICA CORP /DE/ | Reduced | -947.2k |
| CITADEL ADVISORS LLC | Reduced | -777.5k |
| FMR LLC | Reduced | -700.2k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Added | $66.0m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.3m420.0k shares |
| CITADEL ADVISORS LLC | Added | $15.3m370.4k shares |
| IMC-Chicago, LLC | Added | $14.7m356.2k shares |
| GROUP ONE TRADING LLC | Reduced | $14.2m345.0k shares |
| JANE STREET GROUP, LLC | Added | $12.2m296.1k shares |
| Point72 Asset Management, L.P. | Added | $10.4m252.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $9.3m2.2k shares |
| Caption Management, LLC | New | $6.2m150.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $5.8m140.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.8m793.7k shares |
| HRT FINANCIAL LP | New | $18.6m449.9k shares |
| BARCLAYS PLC | Added | $18.2m440.0k shares |
| CITADEL ADVISORS LLC | Reduced | $13.1m317.7k shares |
| IMC-Chicago, LLC | Added | $9.6m233.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $9.3m2.2k shares |
| JANE STREET GROUP, LLC | Added | $8.8m212.3k shares |
| D. E. Shaw & Co., Inc. | Added | $8.5m205.0k shares |
| GROUP ONE TRADING LLC | Added | $8.3m200.0k shares |
| Caption Management, LLC | New | $6.2m150.0k 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 2026
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 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 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 17.6m $724.5m | Added +1.2m |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. 7.76% of their portfolio | 9.2m $381.6m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 7.8m $322.9m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 6.7m $277.1m | First filing |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 5.3m $215.7m | Added +1.9m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.67% of their portfolio | 5.0m $204.3m | Added +3.2m |
| STATE STREET CORP 0.01% of their portfolio | 4.9m $201.9m | Added +131.0k |
| MASSACHUSETTS MUTUAL LIFE INSURANCE CO 8.86% of their portfolio | 4.7m $192.1m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 3.8m $235.0m | Reduced -1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.0m $125.8m | Added +104.4k |
| TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio | 2.8m $116.6m | Added +2.6m |
| MORGAN STANLEY 0.01% of their portfolio | 2.8m $116.1m | Added +288.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.7m $110.0m | Added +58.6k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 2.6m $108.0m | Added +1.5m |
| First Pacific Advisors, LP 1.50% of their portfolio | 2.6m $106.7m | Added +6.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.9m $75.5m | Reduced -54.1k |
| BARCLAYS PLC 0.03% of their portfolio | 1.7m $71.8m | Added +305.8k |
| BAMCO INC /NY/ 0.19% of their portfolio | 1.5m $63.2m | Added +933.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.5m $59.9m | Added +34.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $58.0m | Reduced -24.2k |
| Freestone Grove Partners LP 0.39% of their portfolio | 1.3m $54.1m | Added +350.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $50.8m | Added +56.5k |
| BECK MACK & OLIVER LLC 1.04% of their portfolio | 1.2m $50.5m | Reduced -9.2k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 1.1m $45.2m | Added +963.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $44.1m | Reduced -692.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.18% of their portfolio | 1.0m $42.3m | Added +7.8k |
| Nuveen, LLC 0.01% of their portfolio | 1.0m $42.1m | Added +86.6k |
| NewEdge Wealth, LLC 0.50% of their portfolio | 1.0m $42.0m | Added +93.2k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.0m $42.0m | Added +828.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.0m $41.9m | First filing |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 1.0m $41.5m | Added +897.7k |
| Squarepoint Ops LLC 0.08% of their portfolio | 927.0k $38.3m | Added +655.5k |
| UBS Group AG 0.01% of their portfolio | 908.1k $37.5m | Reduced -83.7k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 868.3k $35.8m | Added +818.5k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 860.9k $35.5m | Reduced -121.5k |
| FMR LLC 0.00% of their portfolio | 860.1k $35.5m | Reduced -700.2k |
| Moerus Capital Management LLC 11.84% of their portfolio | 777.1k $32.1m | Added +167.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 776.0k $32.0m | Reduced -947.2k |
| PRIVATE MANAGEMENT GROUP INC 0.90% of their portfolio | 756.1k $31.2m | Added +98.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 690.9k $28.5m | Reduced -777.5k |
| CHECK CAPITAL MANAGEMENT INC/CA 1.73% of their portfolio | 680.2k $28.1m | Added +227.7k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 644.6k $26.6m | Reduced -309.7k |
| Perpetual Ltd 0.40% of their portfolio | 627.1k $25.9m | New |
| Man Group plc 0.05% of their portfolio | 620.3k $25.6m | Added +453.8k |
| Mraz, Amerine & Associates, Inc. 3.74% of their portfolio | 614.3k $25.4m | Added +35.6k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 564.7k $23.3m | Reduced -113.9k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 528.6k $21.8m | Added +101.2k |
| HRT FINANCIAL LP 0.08% of their portfolio | 524.8k $21.7m | Added +396.3k |
| Hosking Partners LLP 0.76% of their portfolio | 515.7k $21.3m | Added +29.3k |
| Private Capital Management, LLC 2.16% of their portfolio | 514.5k $21.2m | Added +95.0k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 482.3k $19.9m | Reduced -18.7k |
| Retirement Systems of Alabama 0.07% of their portfolio | 474.8k $19.6m | Added +4.7k |
| GoodHaven Capital Management, LLC 6.41% of their portfolio | 444.8k $18.4m | Added +2.4k |
| Berkshire Hathaway Inc 0.01% of their portfolio | 433.6k $17.9m | Unchanged |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 431.1k $17.8m | Added +6.8k |
| Jump Financial, LLC 0.25% of their portfolio | 405.1k $16.7m | Added +245.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 403.7k $16.7m | Reduced -7.4k |
| Invesco Ltd. 0.00% of their portfolio | 399.3k $16.5m | Added +49.3k |
| Migdal Insurance & Financial Holdings Ltd. 0.14% of their portfolio | 398.0k $16.4m | Unchanged |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 386.9k $16.0m | Reduced -581.7k |
| CAPITAL FUND MANAGEMENT S.A. 0.14% of their portfolio | 386.0k $15.9m | Reduced -2.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 369.7k $15.3m | Added +6.4k |
| VALUEWORKS LLC 4.14% of their portfolio | 368.0k $15.2m | Added +116.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 363.4k $15.0m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 348.3k $14.4m | Added +12.8k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 341.0k $14.1m | Reduced -8.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 339.2k $14.0m | New |
| Cerity Partners LLC 0.02% of their portfolio | 330.4k $13.6m | Added +47.5k |
| ROBOTTI ROBERT 2.11% of their portfolio | 328.0k $13.5m | Reduced -965 |
| CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio | 318.8k $13.2m | Reduced -29.5k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 315.3k $13.0m | Added +113.3k |
| Swiss National Bank 0.01% of their portfolio | 306.2k $12.6m | Added +1.2k |
| Gradient Investments LLC 0.19% of their portfolio | 301.4k $12.4m | Added +9.7k |
| Schonfeld Strategic Advisors LLC 0.10% of their portfolio | 284.1k $11.7m | Added +205.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 266.4k $11.0m | Reduced -16.5k |
| Prana Capital Management, LP 0.33% of their portfolio | 258.6k $10.7m | Added +165.4k |
| Quantinno Capital Management LP 0.02% of their portfolio | 258.4k $10.7m | Reduced -120.8k |
| ALGERT GLOBAL LLC 0.16% of their portfolio | 250.7k $10.3m | Added +69.0k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 248.8k $10.3m | Reduced -12.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 247.9k $10.2m | Added +174.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 236.3k $9.7m | Added +97.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 235.3k $9.7m | Added +80.3k |
| Rock Point Advisors, LLC 2.63% of their portfolio | 235.1k $9.7m | Added +54.8k |
| Legal & General Group Plc 0.00% of their portfolio | 233.7k $9.6m | Reduced -24.7k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 220.3k $9.1m | Added +34.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 219.7k $9.1m | Added +49.4k |
| IEQ CAPITAL, LLC 0.04% of their portfolio | 210.4k $8.7m | Reduced -5.3k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 208.5k $8.6m | New |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 207.4k $8.6m | New |
| Mariner, LLC 0.01% of their portfolio | 201.2k $8.3m | Added +52.3k |
| Merrion Investment Management Co, LLC 4.41% of their portfolio | 198.7k $8.2m | Reduced -1.0k |
| Focus Partners Wealth 0.01% of their portfolio | 194.1k $8.0m | Added +11.6k |
| FIRST MANHATTAN CO. LLC. 0.02% of their portfolio | 189.9k $7.8m | Reduced -3.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 182.1k $7.5m | Added +8.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 179.4k $7.4m | Added +32.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 177.0k $7.3m | Reduced -428.3k |
| Sequoia Financial Advisors, LLC 0.04% of their portfolio | 172.7k $7.1m | Reduced -3.9k |
| Engineers Gate Manager LP 0.09% of their portfolio | 170.3k $7.0m | Added +130.0k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 166.4k $6.9m | Added +73.8k |
| OPPENHEIMER & CO INC 0.08% of their portfolio | 161.5k $6.7m | Reduced -44.9k |