The 13F reflects Stifel's proprietary trading desk positioning post-strong Q2 earnings. The rotation into regional banks and energy/commodities suggests a bullish view on rate-sensitive and inflation-hedge sectors. Monitor upcoming Q3 earnings for confirmation of this thesis, particularly in investment banking revenue trends.
Price Chart
Executive Summary
Stifel Financial Corp filed its quarterly 13F-HR for the period ending June 30, 2026, reporting total holdings of approximately $120.2 billion. The filing comes 21 days after the company reported strong Q2 2026 earnings (revenue +13% YoY, EPS beat by 4.4%), which likely influenced portfolio positioning. Key themes include significant new positions in regional banks (Eastern Bankshares, Flagstar Bank) and energy/commodities (FutureFuel, Core Scientific), while reducing exposure to some consumer and industrial names. The portfolio reflects a rotation into financials and energy sectors, consistent with the earnings-driven investment banking strength.
Key Facts
- Total holdings value: $120.2 billion as of June 30, 2026.
- New large positions include Eastern Bankshares (25,000 shares, $556K), Flagstar Bank (20,000 shares, $298.8K), and FutureFuel (104,744 shares, $473.4K).
- Significant increases in Core Scientific (48,990 shares, $1.25M), FMC Corp (18,100 shares, $208.2K), and Trinity Capital (44,121 shares, $789.3K).
- Notable reductions include closing or trimming positions in several small-cap names; no single large-cap position was fully closed.
- Sector rotation appears toward financials (regional banks, BDCs) and energy/commodities, consistent with Q2 earnings strength in investment banking.
Financial Impact
Portfolio value of $120.2B; no material P&L impact from the filing itself.
Risk Factors
- The filing is backward-looking (June 30) and may not reflect current positioning.
- Sector rotation into energy/commodities carries commodity price risk.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 13F-HR Filing (Primary) | 0000720672-26-000012 |
| Document: 0000720672-26-000012-index.html | 0000720672-26-000012 |
| Document: 0000720672-26-000012.txt | 0000720672-26-000012 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $66.41 | awaiting T+5 | — | $66.52 (−0.17%) |
Oct 15, 2026 11d ago | Press Release | $68.69 $67.85 | ▼ −1.22% | ▼ −0.21% | $66.52 (−3.16%) |
Sep 24, 2026 4w ago | 8-K | $70.35 $70.28 | ▼ −0.10% | ▲ +0.12% | $66.52 (−5.44%) |
Aug 12, 2026 10w ago | 13F-HR | $84.94 $82.72 | ▼ −2.61% | ▼ −2.17% | $66.52 (−21.69%) |
Jul 22, 2026 13w ago | 8-K | $79.31 $81.92 | ▲ +3.29% | ▲ +5.69% | $66.52 (−16.13%) |
Jul 15, 2026 14w ago | Press Release | $78.69 $79.56 | ▲ +1.11% | ▲ +2.78% | $66.52 (−15.47%) |
Jun 25, 2026 17w ago | 8-K | $69.27 $73.17 | ▲ +5.63% | ▲ +3.46% | $66.52 (−3.97%) |
Apr 22, 2026 26w ago | Press Release | $77.37 $77.39 | ▲ +0.03% | ▼ −0.03% | $66.52 (−14.02%) |
Apr 16, 2026 27w ago | Press Release | $82.32 | awaiting T+5 | — | $66.52 (−19.19%) |
Feb 26, 2026 34w ago | 8-K | $73.71 $73.15 | ▼ −0.76% | ▲ +1.22% | $66.52 (−9.75%) |
US Market Status
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