StoneX Group Inc.

StoneX Group's Q1 2026 filing shows a $1.86B 13F book that looks more like a broad brokerage/advisory platform than a concentrated stock-picking portfolio. VOO at 6.43%, IVV at 5.57%, IWD at 4.13%, FNDF at 3.98%, and JBND at 2.34% dominate the top of the filing, while single-name technology exposure is present but secondary: AAPL and NVDA are each about 1.8%, with MSFT near 1.05%.

The sharper read is the de-risking and sleeve rotation beneath the ETF-heavy surface. Reported value fell from $2.30B to $1.86B, and StoneX cut IVV, MSFT, AAPL, NVDA, SPY, AMZN, IVW, and VUG while adding materially to FNDF and VB. That combination points away from a clean mega-cap growth chase and toward a broader allocation reset: less direct concentration in the largest growth names, more room for foreign developed value, small-cap beta, and selected thematic sleeves.