13F-HR: Raymond James Discloses Q2 2025 Holdings

Raymond James Financial Inc. has filed its Q2 2025 Form 13F-HR, detailing over $290 billion in discretionary assets and a significant shift in its reporting structure.

Summary

• Raymond James Financial Inc. filed its Form 13F-HR for the quarter ended June 30, 2025.
• The total fair market value of Section 13(f) securities under management is $290,499,498,174.
• The report includes 15,750 individual holdings entries.
• Thirteen other institutional investment managers are included in this consolidated report.
• A new reporting methodology is being implemented starting with the quarter ending December 31, 2024, where the parent company (Reporting Person) will file the 13F-HR for all discretionary positions, and subsidiaries will file 13F-NTs identifying the parent as the 'Other Manager Reporting for this Manager'.

Sentiment

Score: 5

Explanation: The filing is a standard regulatory disclosure of holdings, which is inherently neutral in sentiment. It provides factual data without expressing positive or negative outlooks on performance or strategy.

Future Outlook

The filing indicates a procedural change in how future 13F reports will be filed, moving towards a more consolidated approach where the parent company reports all discretionary positions, and subsidiaries file notices. This suggests an effort to streamline reporting processes.

Management Comments

• Rachel Jacobson, Manager of Operations, signed the report, representing that the information is true, correct, and complete, and that she is authorized to submit it.

Industry Context

This Form 13F-HR filing is a standard regulatory disclosure for institutional investment managers, providing transparency into their equity holdings. The shift to a more centralized reporting structure by Raymond James Financial Inc. reflects an internal organizational change in how investment discretion is aggregated and reported to the SEC, potentially simplifying future compliance for its numerous subsidiaries.

Corporate Governance

Stakeholder Impact

• Shareholders and investors gain transparency into the firm's equity holdings as of the quarter-end date.
• Regulatory authorities receive mandated disclosures regarding the firm's investment discretion and holdings.

Next Steps

• Starting with the quarter ending December 31, 2024, Raymond James Financial Inc. will file consolidated 13F-HR reports, with subsidiaries filing 13F-NTs.

Key Dates

Keywords

Raymond James Financial, 13F-HR, SEC filing, institutional holdings, investment management, asset disclosure, equity holdings, portfolio disclosure