STIFEL FINL CORP SF
COM · Common Stock · CUSIP 860630102 · ISIN US8606301021
American investment bank
- SectorFinancials
- IndustrySecurity Brokers, Dealers & Flotation Companies
- HeadquartersSt. Louis, MO
- Founded1890
- Websitestifel.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 ($17.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $125.14. Options: 8 managers hold calls ($19.5m notional), 3 hold puts ($8.5m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 334 |
| Q4 2022 | 363 |
| Q1 2023 | 366 |
| Q2 2023 | 369 |
| Q3 2023 | 366 |
| Q4 2023 | 378 |
| Q1 2024 | 433 |
| Q2 2024 | 436 |
| Q3 2024 | 444 |
| Q4 2024 | 510 |
| Q1 2025 | 524 |
| Q2 2025 | 489 |
| Q3 2025 | 552 |
| Q4 2025 | 629 |
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 | 227 | 165 |
| Q2 2024 | 194 | 213 |
| Q3 2024 | 197 | 200 |
| Q4 2024 | 235 | 196 |
| Q1 2025 | 273 | 203 |
| Q2 2025 | 217 | 277 |
| Q3 2025 | 298 | 194 |
| Q4 2025 | 315 | 242 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $15.1m | $5.2m | 0.35 |
| Q2 2025 | $13.0m | $3.1m | 0.24 |
| Q3 2025 | $15.4m | $408.5k | 0.03 |
| Q4 2025 | $19.5m | $8.5m | 0.44 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +1.4m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +572.0k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +571.0k |
| MARSHALL WACE, LLP | Added | +433.3k |
| Balyasny Asset Management L.P. | Added | +388.2k |
| GOLDMAN SACHS GROUP INC | Added | +282.3k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +276.8k |
| Freestone Grove Partners LP | Added | +206.8k |
| Fiera Capital Corp | Added | +200.0k |
| LOOMIS SAYLES & CO L P | Added | +198.4k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.3m |
| MACQUARIE GROUP LTD | Sold out | -1.1m |
| Walleye Capital LLC | Reduced | -445.4k |
| VANGUARD GROUP INC | Reduced | -406.0k |
| Alyeska Investment Group, L.P. | Reduced | -402.7k |
| FMR LLC | Reduced | -346.5k |
| Ceredex Value Advisors LLC | Reduced | -309.8k |
| EARNEST PARTNERS LLC | Reduced | -288.0k |
| JPMORGAN CHASE & CO | Reduced | -251.5k |
| Point72 Asset Management, L.P. | Sold out | -246.9k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $7.4m58.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.3m50.7k shares |
| JANE STREET GROUP, LLC | Added | $3.4m27.3k shares |
| PEAK6 LLC | New | $1.7m13.6k shares |
| CITIGROUP INC | Unchanged | $338.1k2.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $137.7k1.1k shares |
| GROUP ONE TRADING LLC | New | $125.2k1.0k shares |
| Walleye Trading LLC | Reduced | $50.1k400 shares |
Biggest puts
| Interval Partners, LP | New | $4.0m32.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $3.5m28.3k shares |
| JANE STREET GROUP, LLC | New | $951.7k7.6k 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.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution -3.4 pts · filed 2025-11-05 | 5.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.0% |
Fell to 5% or below in the last year: AQR CAPITAL MANAGEMENT LLC (3.9%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
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 | — | 3 | $6.2m | $2.7m |
| Q2 2024 | 0 | — | 1 | $1.0m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 3 | $5.6m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 2 | $2.3m | — |
| Q3 2025 | 1 | $1.0k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 9.6m $1.2bn | Reduced -406.0k |
| BlackRock, Inc. 0.02% of their portfolio | 9.3m $1.2bn | Reduced -37.6k |
| FMR LLC 0.04% of their portfolio | 5.5m $690.9m | Reduced -346.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 3.3m $416.9m | Reduced -122.8k |
| STATE STREET CORP 0.01% of their portfolio | 3.1m $383.6m | Reduced -84.6k |
| AQR CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 2.9m $362.4m | Added +1.4m |
| EARNEST PARTNERS LLC 1.36% of their portfolio | 2.5m $317.8m | Reduced -288.0k |
| Boston Partners 0.30% of their portfolio | 2.3m $290.9m | Reduced -48.6k |
| STIFEL FINANCIAL CORP 0.26% of their portfolio | 2.3m $286.2m | Reduced -47.8k |
| Capital Research Global Investors 0.05% of their portfolio | 2.2m $276.5m | Reduced -3.5k |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 2.1m $265.8m | Added +82.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.8m $231.0m | Added +17.0k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.7m $216.1m | Added +99.5k |
| Invesco Ltd. 0.02% of their portfolio | 1.4m $178.8m | Added +65.0k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $176.0m | Reduced -845 |
| NORGES BANK 0.02% of their portfolio | 1.4m $172.4m | Not comparable |
| MARSHALL WACE, LLP 0.15% of their portfolio | 1.3m $160.9m | Added +433.3k |
| Fisher Asset Management, LLC 0.05% of their portfolio | 1.2m $150.0m | Reduced -46.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.2m $148.0m | Added +49.8k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.25% of their portfolio | 1.2m $148.0m | Added +571.0k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.0m $125.5m | Reduced -86.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.18% of their portfolio | 973.8k $121.9m | First filing |
| Bank of New York Mellon Corp 0.02% of their portfolio | 972.6k $121.8m | Added +39.4k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 935.9k $117.2m | Added +282.3k |
| GW&K Investment Management, LLC 0.97% of their portfolio | 897.4k $112.4m | Reduced -43.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 841.8k $105.4m | Reduced -1.6k |
| Fiera Capital Corp 0.32% of their portfolio | 804.6k $100.8m | Added +200.0k |
| Channing Capital Management, LLC 2.35% of their portfolio | 728.9k $91.3m | Reduced -37.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 723.9k $90.6m | Reduced -12.1k |
| Balyasny Asset Management L.P. 0.16% of their portfolio | 670.9k $84.0m | Added +388.2k |
| Alyeska Investment Group, L.P. 0.24% of their portfolio | 666.1k $83.4m | Reduced -402.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 626.7k $78.5m | Reduced -36.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.10% of their portfolio | 616.9k $77.3m | Reduced -2.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 584.8k $73.2m | Added +572.0k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 499.4k $62.5m | Added +184.3k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.42% of their portfolio | 491.6k $61.6m | Reduced -16.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 414.7k $51.9m | Reduced -73.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 414.1k $51.9m | Reduced -49.5k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 1.22% of their portfolio | 413.7k $51.8m | Reduced -1.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 389.8k $48.8m | Added +276.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 1.02% of their portfolio | 384.3k $48.1m | Reduced -11.0k |
| UBS Group AG 0.01% of their portfolio | 368.3k $46.1m | Reduced -195.1k |
| LOOMIS SAYLES & CO L P 0.06% of their portfolio | 367.8k $46.1m | Added +198.4k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.38% of their portfolio | 352.4k $44.1m | Reduced -188.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 331.7k $41.5m | Added +50.0k |
| Freestone Grove Partners LP 0.29% of their portfolio | 319.3k $40.0m | Added +206.8k |
| ALGEBRIS (UK) LTD 3.16% of their portfolio | 317.8k $39.8m | Added +71.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 291.8k $36.5m | Reduced -16.7k |
| Retirement Systems of Alabama 0.12% of their portfolio | 289.5k $36.2m | Reduced -1.3k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 289.4k $36.2m | Added +137.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 265.7k $33.3m | Reduced -251.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 261.5k $32.7m | Reduced -7.7k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 255.2k $32.0m | Reduced -8.1k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 254.9k $31.9m | Added +9.7k |
| Amundi 0.01% of their portfolio | 242.5k $30.4m | Added +38.3k |
| Walleye Capital LLC 0.16% of their portfolio | 228.3k $28.6m | Reduced -445.4k |
| Nuveen, LLC 0.01% of their portfolio | 219.3k $27.5m | Reduced -28.9k |
| Quantinno Capital Management LP 0.05% of their portfolio | 214.0k $26.8m | Added +81.7k |
| Interval Partners, LP 0.61% of their portfolio | 208.7k $26.1m | Added +127.9k |
| Ancora Advisors LLC 0.53% of their portfolio | 204.1k $25.6m | Added +4.5k |
| Prana Capital Management, LP 0.92% of their portfolio | 202.2k $25.3m | Reduced -133.0k |
| Swiss National Bank 0.02% of their portfolio | 201.4k $25.2m | Added +2.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 201.2k $25.2m | Added +6.0k |
| PANAGORA ASSET MANAGEMENT INC 0.09% of their portfolio | 201.0k $25.2m | Added +195.8k |
| ALGERT GLOBAL LLC 0.38% of their portfolio | 195.3k $24.5m | Added +81.3k |
| GLENMEDE TRUST CO NA 0.11% of their portfolio | 189.0k $23.7m | First filing |
| PICTON MAHONEY ASSET MANAGEMENT 0.26% of their portfolio | 189.0k $23.7m | Added +51.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 187.3k $23.5m | Reduced -17.3k |
| Ceredex Value Advisors LLC 0.70% of their portfolio | 184.8k $23.1m | Reduced -309.8k |
| AXIOM INVESTORS LLC /DE 0.20% of their portfolio | 181.5k $22.7m | Added +13.2k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 176.5k $22.1m | Reduced -5.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 160.4k $20.1m | Added +7.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.10% of their portfolio | 160.0k $20.0m | Reduced -3.1k |
| Jain Global LLC 0.19% of their portfolio | 157.3k $19.7m | Added +119.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 153.5k $19.2m | Reduced -1.3m |
| Legal & General Group Plc 0.00% of their portfolio | 153.4k $19.2m | Reduced -31.1k |
| Voleon Capital Management LP 0.41% of their portfolio | 152.4k $19.1m | Added +64.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 149.9k $18.8m | Added +26.1k |
| Alberta Investment Management Corp 0.11% of their portfolio | 146.0k $18.3m | New |
| Cerity Partners LLC 0.03% of their portfolio | 144.1k $18.0m | Added +97.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 144.0k $18.0m | Added +20.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 143.8k $18.2m | Added +44.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 143.3k $17.9m | Added +5.8k |
| Access Investment Management LLC 4.34% of their portfolio | 142.5k $16.2m | Unchanged |
| IEQ CAPITAL, LLC 0.05% of their portfolio | 140.6k $17.6m | Added +93.9k |
| Moran Wealth Management, LLC 0.53% of their portfolio | 136.9k $17.1m | Added +3.4k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.52% of their portfolio | 135.7k $17.0m | Reduced -19.5k |
| AEGON ASSET MANAGEMENT UK Plc 0.20% of their portfolio | 134.7k $16.9m | Reduced -49.4k |
| Brevan Howard Capital Management LP 0.31% of their portfolio | 130.1k $16.3m | Added +110.4k |
| AGF MANAGEMENT LTD 0.07% of their portfolio | 128.8k $16.1m | Added +20.6k |
| Crestwood Advisors Group, LLC 0.27% of their portfolio | 127.6k $16.0m | Added +293 |
| SG Americas Securities, LLC 0.02% of their portfolio | 125.3k $15.7m | Added +119.0k |
| BARCLAYS PLC 0.01% of their portfolio | 122.7k $15.4m | Reduced -156.2k |
| Curi Capital, LLC 0.23% of their portfolio | 108.0k $13.5m | Reduced -2.3k |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 105.9k $13.3m | Added +33.3k |
| EULAV Asset Management 0.35% of their portfolio | 104.4k $13.1m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 102.4k $12.8m | Reduced -9.7k |
| Treasurer of the State of North Carolina 0.04% of their portfolio | 100.6k $12.6m | Reduced -3.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 100.0k $12.5m | Reduced -61.9k |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 99.2k $12.4m | Reduced -214.4k |