Raymond James Financial Inc Q2 2026 Portfolio Activity

Raymond James Financial Inc's portfolio management activities for the period leading up to Q2 2026 are detailed in this filing. The total portfolio value stood at approximately $358 billion as of that date.

The investor demonstrated a clear preference for broad-based index funds and ETFs, significantly increasing their positions in several highly liquid exchange-traded funds (ETFs). Notably, holdings in VOO increased by over 23 million shares ($1.8 billion), while VUG saw an increase of nearly 18 million shares ($0.5 billion) and IWF gained about 10 million shares ($0.4 billion). Additionally, the investor boosted their position in TMSL (T Rowe Price Exchange-Traded fund) by over $0.398 million.

Raymond James Financial Inc also added significant exposure to individual stocks during this period. The largest allocation increase was seen in AAPL, acquiring an additional 782 thousand shares valued at nearly $5 billion ($624 million). AGG (iShares Core U.S. Aggregate Bond ETF) received a substantial addition of over $918 million worth of bonds. Furthermore, the investor increased their stake in AVGO by approximately $0.620 billion and AMZN by about $0.504 billion.

Conversely, the portfolio saw reductions or eliminations in certain holdings. The largest decrease occurred with CMCSA (Comcast Corp), where shares were reduced by nearly 9 million, representing a significant sell-down of approximately 53% from its previous position ($195 million reduction). BBY experienced a notable reduction as well, decreasing its stake by about $0.079 billion.

The investor also exited several positions entirely during this quarter. These included CMCSA (Comcast Corp), XLP (Select Sector SPDR ETF for Consumer Staples), HDV (iShares Core High-Yield Dividend Bond ETF), and BBY (Best Buy Inc). The exit of these specific holdings, along with the reduction in AMZN, indicates a strategic shift away from certain sectors or individual names.

Overall, Raymond James Financial Inc's actions suggest a focus on diversification through index funds/ETFs while strategically adding exposure to large-cap technology and financial services stocks like AAPL, AVGO, JPM, GOOGL, and AGG. Their portfolio also saw an increase in consumer cyclical holdings via AMZN.