STIFEL FINANCIAL CORP
Long book
$108.79B
Q1 2026
Positions
3611
Top-10 weight
16%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsSTIFEL FINANCIAL CORP is a mechanically diversified allocator, running a $108.79B US long book across 3611 positions.
The portfolio is broadly diversified across 3611 positions (top 10 only 16%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.4%
Q2 2024
+6.8%
Q3 2024
+0.1%
Q4 2024
-2.0%
Q1 2025
+7.7%
Q2 2025
+6.1%
Q3 2025
+2.0%
Q4 2025
-1.2%
Q1 2026
+11.3%
Sector allocation
Technology 30%
Industrials 13%
Consumer discretionary 11%
Financials 10%
Healthcare 10%
Services media 6%
Other 5%
Utilities 5%
Long book by quarter
What does STIFEL FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 16.6M | $2.89B | 2.7% | -2.9% |
| AAPL APPLE INC | Technology | 11.1M | $2.81B | 2.6% | -2.2% |
| MSFT MICROSOFT CORP | Technology | 6.7M | $2.47B | 2.3% | -5.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.3M | $1.72B | 1.6% | -1.0% |
| GOOGL ALPHABET INC-CL A | Technology | 5.8M | $1.68B | 1.5% | -1.6% |
| AVGO BROADCOM INC | Technology | 4.5M | $1.39B | 1.3% | -2.8% |
| JPM JPMORGAN CHASE & CO | Financials | 3.8M | $1.13B | 1.0% | -1.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.5M | $1.10B | 1.0% | -8.5% |
| CSCO CISCO SYSTEMS INC | Technology | 13.5M | $1.05B | 1.0% | +0.2% |
| MRK MERCK & CO. INC. | Healthcare | 8.3M | $997.4M | 0.9% | -3.0% |
| V VISA INC-CLASS A SHARES | Services media | 3.3M | $991.1M | 0.9% | -2.9% |
| PEP PEPSICO INC | Consumer staples | 6.3M | $984.8M | 0.9% | -0.5% |
| GOOG ALPHABET INC-CL C | Technology | 3.4M | $970.9M | 0.9% | +0.3% |
| HD HOME DEPOT INC | Consumer discretionary | 2.5M | $822.2M | 0.8% | +0.3% |
| ABBV ABBVIE INC | Healthcare | 3.7M | $811.7M | 0.7% | +51.2% |
| META META PLATFORMS INC-CLASS A | Technology | 1.4M | $795.2M | 0.7% | -1.9% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.2M | $723.6M | 0.7% | -3.3% |
| LLY ELI LILLY & CO | Healthcare | 779.2K | $716.7M | 0.7% | -1.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 702.9K | $700.6M | 0.6% | -2.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 4.6M | $661.4M | 0.6% | +1.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.7M | $649.0M | 0.6% | -1.8% |
| CVX CHEVRON CORP | Energy | 3.1M | $638.1M | 0.6% | -2.5% |
| KO COCA-COLA CO/THE | Consumer staples | 8.3M | $634.6M | 0.6% | -2.3% |
| XOM EXXON MOBIL CORP | Energy | 3.7M | $632.7M | 0.6% | -6.6% |
| TXN TEXAS INSTRUMENTS INC | Technology | 2.9M | $571.0M | 0.5% | +0.2% |
| AMGN AMGEN INC | Healthcare | 1.6M | $547.2M | 0.5% | -2.5% |
| UNP UNION PACIFIC CORP | Industrials | 2.2M | $525.1M | 0.5% | -1.9% |
| ETN EATON CORP PLC | Industrials | 1.4M | $516.4M | 0.5% | +1.7% |
| MDT MEDTRONIC PLC | Healthcare | 5.8M | $499.0M | 0.5% | -1.9% |
| WM WASTE MANAGEMENT INC | Utilities | 2.1M | $491.3M | 0.5% | -2.6% |
| NFLX NETFLIX INC | Services media | 5.1M | $487.1M | 0.4% | +4.2% |
| TJX TJX COMPANIES INC | Consumer discretionary | 3.0M | $479.7M | 0.4% | -2.6% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 1.6M | $477.7M | 0.4% | +4.4% |
| APH AMPHENOL CORP-CL A | Technology | 3.7M | $468.5M | 0.4% | +1.5% |
| CMI CUMMINS INC | Industrials | 841.0K | $452.5M | 0.4% | -8.9% |
| ACN ACCENTURE PLC-CL A | Services media | 2.2M | $436.7M | 0.4% | -1.7% |
| CL COLGATE-PALMOLIVE CO | Other | 5.0M | $423.3M | 0.4% | -0.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 882.8K | $423.0M | 0.4% | -4.5% |
| WMT WALMART INC | Consumer discretionary | 3.4M | $421.3M | 0.4% | -65.2% |
| ITW ILLINOIS TOOL WORKS | Industrials | 1.6M | $412.3M | 0.4% | -4.4% |
| CAT CATERPILLAR INC | Industrials | 577.4K | $409.1M | 0.4% | -4.6% |
| RTX RTX CORP | Industrials | 2.1M | $407.0M | 0.4% | -0.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 1.8M | $404.0M | 0.4% | +4.6% |
| CHD CHURCH & DWIGHT CO INC | Other | 4.3M | $400.4M | 0.4% | -0.2% |
| MRSH MARSH & MCLENNAN COS | Financials | 2.3M | $400.2M | 0.4% | +6.9% |
| ABT ABBOTT LABORATORIES | Healthcare | 3.9M | $396.9M | 0.4% | -2.1% |
| GWW WW GRAINGER INC | Consumer discretionary | 358.6K | $391.2M | 0.4% | -3.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 7.5M | $375.8M | 0.3% | +2.8% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 1.8M | $372.4M | 0.3% | +2.2% |
| GLW CORNING INC | Industrials | 2.7M | $363.5M | 0.3% | -9.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 8981 | $108.79B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 9512 | $111.17B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 9480 | $109.53B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 9316 | $102.81B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 9286 | $94.08B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 9210 | $96.01B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 9139 | $95.36B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 9165 | $88.87B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 9189 | $87.77B | canonical | SEC ↗ |
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