TD Asset Management Trims Raymond James Financial Stake

Asset manager reduces position in financial services firm by 14.1% in Q3

Published on Feb. 27, 2026

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TD Asset Management Inc. decreased its position in Raymond James Financial, Inc. (NYSE:RJF) by 14.1% in the 3rd quarter, according to the company's recent filing with the Securities and Exchange Commission. The institutional investor owned 324,038 shares of the financial services provider's stock after selling 53,350 shares during the period.

Why it matters

Raymond James Financial is a major financial services firm, and changes in institutional ownership can signal shifts in market sentiment around the company. TD Asset Management's reduction in its RJF position may indicate broader concerns about the stock or the financial sector.

The details

According to the filing, TD Asset Management owned about 0.16% of Raymond James Financial as of the end of the 3rd quarter. The firm sold 53,350 shares of RJF during the quarter. Other institutional investors also made changes to their RJF holdings, with some increasing and others decreasing their positions.

  • TD Asset Management filed the 3rd quarter disclosure in late February 2026.

The players

TD Asset Management Inc.

A Canadian investment management firm that is a subsidiary of Toronto-Dominion Bank.

Raymond James Financial, Inc.

A diversified financial services firm headquartered in St. Petersburg, Florida that provides wealth management, capital markets, investment banking, and other services.

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The takeaway

The reduction in TD Asset Management's position in Raymond James Financial is a notable shift in institutional ownership of the financial services company, though the reasons behind the move are not entirely clear from the limited information provided. Investors will likely watch to see if other major holders make similar changes to their RJF positions in the coming quarters.