13F
中
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Jefferies Financial Group Inc.

13F equity value
$8.2B
Positions
1,376
Top 10 concentration
22.6%
Quarters / total new picks
20 / 4,004
13F equity value over time
$0M$6B$12B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +0.8% per quarter — versus +1.5% per quarter from simply owning every 13F stock. It beat that baseline in only 45.0% of quarters (excess t = -0.82, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.2%
t-stat
-0.82
Quarterly win rate
45%
Annualized excess
-2.6%
$1 → follow vs universe
$1.13 vs $1.28
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190930: universe 1.04820191231: universe 0.84620221231: universe 0.78620230331: universe 0.82820230630: universe 0.79820230930: universe 0.90620231231: universe 0.94620240331: universe 0.96820240630: universe 1.05520240930: universe 1.04620241231: universe 0.97720250331: universe 1.06520250630: universe 1.09820250930: universe 1.23520251231: universe 1.277 20180331: follow 1.05420180630: follow 1.02020180930: follow 1.02420181231: follow 0.98120190331: follow 0.93020190930: follow 0.85820191231: follow 0.78020221231: follow 0.73220230331: follow 0.76120230630: follow 0.73720230930: follow 0.84720231231: follow 0.89020240331: follow 0.89520240630: follow 0.96620240930: follow 0.95220241231: follow 0.89320250331: follow 0.94920250630: follow 0.98620250930: follow 1.09520251231: follow 1.127 0.67 1.03 1.38 201820192022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 1376 · 2026 Q1

Ticker Value Weight QoQ
SPY $410M
5.0%
TRIM
XBI $296M
3.6%
ADD
QQQ $250M
3.0%
TRIM
IWM $219M
2.7%
TRIM
NVDA $129M
1.6%
TRIM
AMZN $115M
1.4%
TRIM
MA $113M
1.4%
ADD
ASH $106M
1.3%
HOLD
AVGO $106M
1.3%
ADD
META $103M
1.3%
ADD
XRT $99M
1.2%
NEW
PTCT $92M
1.1%
TRIM
ACHC $84M
1.0%
ADD
ADP $80M
1.0%
ADD
WMT $78M
1.0%
ADD
VNQ $71M
0.9%
ADD
JCI $69M
0.8%
ADD
ADI $68M
0.8%
ADD
APH $67M
0.8%
ADD
HYG $67M
0.8%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

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Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.