Raymond James Financial INC
Reported US equity positions for Q1 2026 — $324.2B across 13,399 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| VOO Vanguard S&P 500 ETF | $18.3B | 5.6% | 30,640,543 |
| AGG iShares Core U.S. Aggregate Bond ETF | $8.8B | 2.7% | 88,714,666 |
| AAPL Apple Inc. | $7.6B | 2.4% | 30,138,239 |
| MSFT Microsoft Corporation | $6.6B | 2.0% | 17,738,222 |
| NVDA NVIDIA Corporation | $6.1B | 1.9% | 35,046,094 |
| AVGO Broadcom Inc. | $5.0B | 1.6% | 16,286,649 |
| AMZN Amazon.com, Inc. | $4.4B | 1.4% | 21,213,148 |
| JPM JP Morgan Chase & Co. | $4.3B | 1.3% | 14,483,337 |
| IEFA iShares Core MSCI EAFE ETF | $4.0B | 1.2% | 44,654,401 |
| GOOGL Alphabet Inc. | $3.8B | 1.2% | 13,153,137 |
| WMT Walmart Inc. | $3.0B | 0.9% | 24,130,868 |
| IVV iShares Core S&P 500 ETF | $3.0B | 0.9% | 4,551,199 |
| SPY State Street SPDR S&P 500 ETF Trust | $2.9B | 0.9% | 4,529,491 |
| JNJ Johnson & Johnson | $2.5B | 0.8% | 10,238,839 |
| IJH iShares Core S&P Mid-Cap ETF | $2.5B | 0.8% | 36,437,011 |
| QQQ Invesco QQQ Trust, Series 1 | $2.4B | 0.7% | 4,083,654 |
| META Meta Platforms, Inc. | $2.2B | 0.7% | 3,868,055 |
| GOOG Alphabet Inc. - Class C Capital Stock | $2.2B | 0.7% | 7,549,113 |
| VO Vanguard Morningstar Mid-Cap ETF | $2.2B | 0.7% | 7,515,492 |
| ABBV AbbVie Inc. | $2.1B | 0.6% | 9,604,349 |
| BRK.B Berkshire Hathaway Inc. | $2.0B | 0.6% | 4,235,650 |
| G29183103 Eaton Corp PLC | $2.0B | 0.6% | 5,515,091 |
| HD The Home Depot, Inc. | $1.9B | 0.6% | 5,840,346 |
| IJR iShares Core S&P Small-Cap ETF | $1.8B | 0.5% | 14,138,727 |
| VTV Vanguard Morningstar Value ETF | $1.7B | 0.5% | 8,736,451 |
| V Visa Inc. | $1.7B | 0.5% | 5,506,658 |
| VUG Vanguard Morningstar Growth ETF | $1.6B | 0.5% | 3,575,213 |
| ADI Analog Devices, Inc. | $1.5B | 0.5% | 4,865,859 |
| CVX Chevron Corporation | $1.5B | 0.5% | 7,281,963 |
| LLY Eli Lilly and Company | $1.5B | 0.5% | 1,625,655 |
| BAC Bank of America Corporation | $1.5B | 0.5% | 29,333,458 |
| MSI Motorola Solutions, Inc. | $1.5B | 0.5% | 3,363,408 |
| IWF iShares Russell 1000 Growth Fund | $1.4B | 0.4% | 3,389,212 |
| XOM ExxonMobil Holdings Corporation | $1.4B | 0.4% | 8,490,149 |
| MPC Marathon Petroleum Corporation | $1.4B | 0.4% | 5,773,769 |
| COST Costco Wholesale Corporation | $1.4B | 0.4% | 1,403,778 |
| IEMG iShares Core MSCI Emerging Markets ETF | $1.4B | 0.4% | 19,905,325 |
| H1467J104 Chubb LTD Switz | $1.3B | 0.4% | 4,066,212 |
| USMV iShares MSCI USA Min Vol Factor ETF | $1.3B | 0.4% | 14,250,677 |
| CME CME Group Inc. | $1.3B | 0.4% | 4,374,832 |
| VIG Vanguard Div Appreciation ETF | $1.2B | 0.4% | 5,720,946 |
| VTEB Vanguard Tax-Exempt Bond ETF | $1.2B | 0.4% | 24,433,775 |
| NEE NextEra Energy, Inc. | $1.2B | 0.4% | 13,090,611 |
| IWD iShares Russell 1000 Value ETF | $1.2B | 0.4% | 5,512,527 |
| VYM Vanguard High Dividend Yield ETF | $1.1B | 0.3% | 7,617,263 |
| CGDV Capital Group Dividend Value ETF | $1.1B | 0.3% | 25,834,967 |
| UNP Union Pacific Corporation | $1.1B | 0.3% | 4,398,367 |
| XLK State Street Technology Select Sector SPDR ETF | $1.1B | 0.3% | 7,922,658 |
| GLD SPDR Gold Shares | $1.0B | 0.3% | 2,407,083 |
| VEA Vanguard FTSE Developed Markets ETF | $1.0B | 0.3% | 15,686,207 |
| KO The Coca-Cola Company | $972.6M | 0.3% | 12,782,375 |
| TSLA Tesla, Inc. | $960.6M | 0.3% | 2,586,070 |
| VTI Vanguard Morningstar Total Stock Market ETF | $947.3M | 0.3% | 2,952,890 |
| RTX RTX Corporation | $944.1M | 0.3% | 4,914,898 |
| TJX The TJX Companies, Inc. | $943.6M | 0.3% | 5,930,088 |
| PG The Procter & Gamble Company | $941.1M | 0.3% | 6,513,234 |
| APD Air Products and Chemicals, Inc. | $926.9M | 0.3% | 3,190,740 |
| G51502105 Johnson Controls Internation | $922.8M | 0.3% | 7,049,399 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $905.0M | 0.3% | 2,677,982 |
| WFC Wells Fargo & Company | $884.7M | 0.3% | 11,160,812 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| VOO Vanguard S&P 500 ETF | Add | $18.3B | $18.4B | +4% |
| AGG iShares Core U.S. Aggregate Bond ETF | Add | $8.8B | $8.5B | +5% |
| MSFT Microsoft Corporation | Add | $6.6B | $8.3B | +3% |
| NVDA NVIDIA Corporation | Add | $6.1B | $6.4B | +1% |
| AVGO Broadcom Inc. | Add | $5.0B | $5.6B | +1% |
| AMZN Amazon.com, Inc. | Add | $4.4B | $4.8B | +1% |
| IEFA iShares Core MSCI EAFE ETF | Add | $4.0B | $3.9B | +4% |
| GOOGL Alphabet Inc. | Trim | $3.8B | $4.2B | -1% |
| WMT Walmart Inc. | Trim | $3.0B | $2.8B | -2% |
| IVV iShares Core S&P 500 ETF | Add | $3.0B | $3.0B | +4% |
| SPY State Street SPDR S&P 500 ETF Trust | Trim | $2.9B | $3.5B | -12% |
| JNJ Johnson & Johnson | Trim | $2.5B | $2.1B | -1% |
| IJH iShares Core S&P Mid-Cap ETF | Add | $2.5B | $2.4B | +2% |
| QQQ Invesco QQQ Trust, Series 1 | Add | $2.4B | $2.4B | +4% |
| META Meta Platforms, Inc. | Add | $2.2B | $2.4B | +5% |
| VO Vanguard Morningstar Mid-Cap ETF | Add | $2.2B | $2.1B | +5% |
| ABBV AbbVie Inc. | Add | $2.1B | $2.1B | +2% |
| BRK.B Berkshire Hathaway Inc. | Trim | $2.0B | $2.2B | -1% |
| G29183103 Eaton Corp PLC | Add | $2.0B | $1.7B | +3% |
| HD The Home Depot, Inc. | Add | $1.9B | $2.0B | +2% |
| VUG Vanguard Morningstar Growth ETF | Add | $1.6B | $1.6B | +7% |
| CVX Chevron Corporation | Add | $1.5B | $1.0B | +6% |
| LLY Eli Lilly and Company | Add | $1.5B | $1.6B | +9% |
| BAC Bank of America Corporation | Add | $1.5B | $1.2B | +3% |
| IWF iShares Russell 1000 Growth Fund | Trim | $1.4B | $1.6B | -2% |
| XOM ExxonMobil Holdings Corporation | Trim | $1.4B | $1.1B | -6% |
| COST Costco Wholesale Corporation | Add | $1.4B | $1.2B | +2% |
| IEMG iShares Core MSCI Emerging Markets ETF | Add | $1.4B | $1.3B | +2% |
| H1467J104 Chubb LTD Switz | Trim | $1.3B | $1.3B | -1% |
| USMV iShares MSCI USA Min Vol Factor ETF | Add | $1.3B | $1.3B | +3% |
| CME CME Group Inc. | Add | $1.3B | $1.2B | +1% |
| VIG Vanguard Div Appreciation ETF | Add | $1.2B | $1.2B | +2% |
| NEE NextEra Energy, Inc. | Add | $1.2B | $1.0B | +2% |
| IWD iShares Russell 1000 Value ETF | Add | $1.2B | $1.1B | +2% |
| VYM Vanguard High Dividend Yield ETF | Trim | $1.1B | $1.1B | -1% |
| CGDV Capital Group Dividend Value ETF | Add | $1.1B | $1.0B | +10% |
| UNP Union Pacific Corporation | Add | $1.1B | $958.9M | +6% |
| XLK State Street Technology Select Sector SPDR ETF | Trim | $1.1B | $1.2B | -2% |
| GLD SPDR Gold Shares | Trim | $1.0B | $978.5M | -3% |
| VEA Vanguard FTSE Developed Markets ETF | Add | $1.0B | $892.0M | +10% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.