Jefferies Group's top holdings (August 2025) include SSgA Active Trust - SPDR S&P 500 ETF Trust (SPY), an exchange-traded fund designed to track the performance of the S&P 500 index.

Jefferies Group operates as a global investment banking and capital markets firm. The company provides a range of financial services including advisory, sales and trading, and research to a diverse client base worldwide. Their investment focus spans various sectors, reflecting their broad market engagement.

SSgA Active Trust - SPDR S&P 500 ETF Trust (SPY)

This exchange-traded fund provides investors with broad market exposure to large-capitalization U.S. equities by aiming to replicate the performance of the S&P 500 Index. The fund's market capitalization stands at $750.3M, while the current value of Jefferies Group's holding is $518.57M.
Here's an overview of Jefferies Group's trades in SSgA Active Trust - SPDR S&P 500 ETF Trust:

Invesco Capital Management LLC - Invesco QQQ Trust Series 1 (QQQ)

Invesco QQQ is an ETF that tracks the Nasdaq-100 Index, which consists of the 100 largest non-financial companies listed on the Nasdaq Stock Market. This fund is widely recognized for offering exposure to major technology and growth-oriented companies. The fund has a market capitalization of $15.29M, with Jefferies Group's position currently valued at $173.57M.
Here's an overview of Jefferies Group's trades in Invesco Capital Management LLC - Invesco QQQ Trust Series 1:

Argen X SE - ADR (ARGX)

Argen X SE is a global biopharmaceutical company dedicated to developing innovative antibody-based therapies. The company focuses on addressing severe autoimmune diseases and certain types of cancer. This holding in Jefferies Group's portfolio is currently worth $144.79M, and the company's market cap is $36.23B. Analysts have set a price target of $699.0 for Argen X SE, and its discounted cash flow analysis suggests a value of $413.16 per share.
Here's an overview of Jefferies Group's trades in Argen X SE - ADR:

Apple Inc (AAPL)

Apple Inc. is a prominent multinational technology company renowned for designing, manufacturing, and marketing consumer electronics, software, and online services. Its extensive product lineup includes the iPhone, Mac computers, and iPad tablets. Apple Inc. carries a market capitalization of $3.19T, and the current value of Jefferies Group's position is $138.2M. The company's discounted cash flow analysis suggests a value of $164.5 per share, while analysts have a price target of $215.75.
Here's an overview of Jefferies Group's trades in Apple Inc:

BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF (IWM)

The iShares Russell 2000 ETF tracks the Russell 2000 Index, providing investors with broad exposure to small-capitalization U.S. equities. This ETF is frequently used as a benchmark for small-cap stock performance within the market. The fund's market cap stands at $2.65B, and Jefferies Group's position is currently valued at $124.07M.
Here's an overview of Jefferies Group's trades in BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF: