STIFEL FINANCIAL CORP

New 13F: Q3 2026

STIFEL FINANCIAL CORP filed its 13F for the quarter ended Sep 30, 2026 on Nov 12, 2026: $33.7B in AI and semiconductor stocks; $594.2M bought and $719.6M sold against its previous quarter, at the quarter's prices.

• added to Micron (MU): +$157.7M at the quarter's price
• trimmed Texas Instruments (TXN): -$102.7M at the quarter's price
• trimmed Cisco (CSCO): -$85.2M at the quarter's price
• trimmed NVIDIA (NVDA): -$82.2M at the quarter's price
• added to SpaceX (SPCX): +$72.0M at the quarter's price
• trimmed Palo Alto Networks (PANW): -$51.1M at the quarter's price
• added to Accenture (ACN): +$40.6M at the quarter's price
• added to Intel (INTC): +$36.1M at the quarter's price
• trimmed Broadcom (AVGO): -$35.7M at the quarter's price
• added to Palantir (PLTR): +$31.5M at the quarter's price

STIFEL FINANCIAL CORP declares $32.9B in 201 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 27.4% of its $120.2B 13F portfolio. Largest positions: NVIDIA (0.07% of the company) and Alphabet (0.07% of the company). It is a private wealth platform: it holds shares for many client accounts, so its trades are left out of the quarter's moves on /holders. Over time: $32.9B in 201 of these companies for Q2 2026, against $8.5B in 128 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $564.2M and sold $1.5B of these stocks, at the quarter's prices: a net sale of $893.5M; 5 new positions and 7 sold out.

Performance of its AI picks

The AI-stock portfolio STIFEL FINANCIAL CORP declared for Q2 2026 (Form 13F), held unchanged, returned +2.8% in Q3 2026 (SMH -7.1%). Over the last 12 months, quarter after quarter: +26.6% (SMH +87.2%). Over three years, quarter after quarter: +139.3% (SMH +325.8%). Over five years, quarter after quarter: +148.7% (SMH +389.8%). Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. NVIDIA (NVDA): $3.3B, 16.5M shares, 0.07% of the company, 2.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. Alphabet (GOOGL): $3.3B, 9.2M shares, 0.07% of the company, 2.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
3. Apple (AAPL): $3.2B, 11.0M shares, 0.08% of the company, 2.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
4. Microsoft (MSFT): $2.4B, 6.4M shares, 0.09% of the company, 2.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
5. Amazon (AMZN): $2.0B, 8.4M shares, 0.08% of the company, 1.7% of its portfolio (added this quarter); held since Q4 2019 or earlier
6. Broadcom (AVGO): $1.7B, 4.5M shares, 0.09% of the company, 1.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
7. Cisco (CSCO): $1.5B, 12.7M shares, 0.32% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
8. Texas Instruments (TXN): $792.8M, 2.7M shares, 0.29% of the company, 0.66% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
9. IBM (IBM): $769.6M, 2.7M shares, 0.29% of the company, 0.64% of its portfolio (added this quarter); held since Q4 2019 or earlier
10. Palo Alto Networks (PANW): $719.0M, 2.1M shares, 0.26% of the company, 0.60% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
11. Meta Platforms (META): $693.8M, 1.2M shares, 0.05% of the company, 0.58% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
12. Amphenol (APH): $663.6M, 7.5M shares, 0.30% of the company, 0.55% of its portfolio (added this quarter); held since Q4 2019 or earlier
13. Corning (GLW): $660.7M, 2.6M shares, 0.30% of the company, 0.55% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
14. Caterpillar (CAT): $629.5M, 591,099 shares, 0.13% of the company, 0.52% of its portfolio (added this quarter); held since Q4 2019 or earlier
15. Eaton (ETN): $606.7M, 1.4M shares, 0.37% of the company, 0.50% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier

By sector

• Cloud & AI giants: $11.6B, 35% of its AI holdings, 6 companies
• Chips & compute: $7.8B, 24% of its AI holdings, 33 companies
• Power, electrical & cooling: $3.8B, 12% of its AI holdings, 47 companies
• AI software: $2.7B, 8% of its AI holdings, 28 companies
• Interconnect: $2.5B, 8% of its AI holdings, 9 companies
• Equipment & test: $1.5B, 5% of its AI holdings, 23 companies
• Servers & systems: $1.1B, 3% of its AI holdings, 12 companies
• Optics: $827.7M, 3% of its AI holdings, 11 companies
• Memory & storage: $685.3M, 2% of its AI holdings, 7 companies
• Neoclouds & data centers: $424.7M, 1% of its AI holdings, 25 companies

Biggest changes this quarter

• trimmed Marvell (MRVL): -$181.5M at the quarter's price
• trimmed Cummins (CMI): -$176.5M at the quarter's price
• trimmed Dell (DELL): -$140.1M at the quarter's price
• trimmed Cisco (CSCO): -$92.1M at the quarter's price
• trimmed Meta Platforms (META): -$89.2M at the quarter's price
• trimmed Microsoft (MSFT): -$85.9M at the quarter's price
• trimmed Texas Instruments (TXN): -$83.9M at the quarter's price
• added to Accenture (ACN): +$76.9M at the quarter's price
• trimmed ASML (ASML): -$69.7M at the quarter's price
• added to Micron (MU): +$61.8M at the quarter's price

Other holders of this size

• AVIVA PLC: $32.5B in 125 of these companies
• Mubadala Investment Co PJSC: $33.4B in 11 of these companies
• CIBC Bancorp USA Inc.: $32.4B in 164 of these companies
• SEI INVESTMENTS CO: $34.2B in 219 of these companies
• BESSEMER GROUP INC: $32.2B in 184 of these companies
• LOOMIS SAYLES & CO L P: $34.3B in 96 of these companies
• ADAGE CAPITAL PARTNERS GP, L.L.C.: $31.6B in 102 of these companies
• ACADIAN ASSET MANAGEMENT LLC: $34.5B in 168 of these companies

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