StoneX Group restates 13F holdings; $1.58B total

StoneX Group Inc. restates prior Section 13(f) reports after an internal review found under-reported securities, shares and market values for filings from Q4 2021 through Q1 2025.

Accepted by SEC EDGAR 08/13/2025 - 03:10 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

StoneX Group Inc. restates prior Section 13(f) reports after an internal review found under-reported securities, shares and market values for filings from Q4 2021 through Q1 2025. The firm identifies four error causes: missing market-making accounts, an Excel XLOOKUP vs SUMIF formula error, failure to adopt an SEC rounding rule, and Excel scientific-notation conversion of CUSIPs.

The corrected Form 13F shows 515 information-table entries with a total value of $1,579,166,817. The amendment lists three other included managers: StoneX Advisors Inc., STONE X FINANCIAL INC., and TRUST ADVISORY GROUP LTD.

Insights

Compliance Risk Expert

Restatement reflects control and reporting weaknesses that require remediation.

The filing documents that quarterly 13F filings from Q4 2021 through Q1 2025 under-reported holdings due to four specific failures, including omitted market-making accounts and formula misuse. These are concrete, process-level failures tied to data aggregation and rounding.

Remediation should include formalized reconciliation procedures, version-controlled calculation templates, and a documented adoption process for rule changes; subsequent filings should show corrected totals and evidence of controls.

Data Controls & IT Expert

Errors stem from spreadsheet practices and numeric handling, not asserted misconduct.

The report cites an Excel XLOOKUP misuse (counting only first CUSIP), scientific-notation conversion for CUSIPs, and failure to implement an SEC rounding change. These are technical issues that commonly cause data loss when automation and validation are absent.

Practical steps include replacing fragile spreadsheets with controlled extract-transform-load processes, automated validation checks for CUSIP formats, and automated rounding rules; timing for fixes is not specified in the excerpt.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did StoneX Group (SNEX) disclose in this Form 13F amendment?

They restated prior 13F reports after finding under-reporting of holdings from Q4 2021 through Q1 2025. The filing attributes errors to four causes including omitted market-making accounts and spreadsheet formula and formatting mistakes.

How large are the corrected holdings reported by StoneX Group?

The amended Form 13F shows 515 information-table entries totaling $1,579,166,817 in market value. That aggregate is the table value total stated on the summary page of the amendment.

Which specific errors caused the under-reporting in StoneX's filings?

Four causes were identified: missing market-making accounts, use of XLOOKUP instead of SUMIF, failure to implement SEC rounding rule changes, and Excel converting CUSIPs with an 'E' into scientific notation.

Which other managers are included under this StoneX 13F filing?

The amendment lists three other included managers: StoneX Advisors Inc., STONE X FINANCIAL INC., and TRUST ADVISORY GROUP LTD, with their respective Form 13F file numbers shown on the summary page.

Does the amendment state when the errors occurred?

Yes, the amendment ties errors to specific periods: missing market-making accounts occurred between Q4 2021 and Q4 2024, formula and rounding issues in various quarters from Q1 2022 to Q1 2025, and CUSIP conversion issues from Q4 2021 to Q1 2025.

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The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:			3235-0006
Estimated average burden
hours per response:			23.8

Report for the Calendar Year or Quarter Ended: 03-31-2025

Check here if Amendment	X	Amendment Number:	1
This Amendment (Check only one.):	X	is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	StoneX Group Inc.
Address:	230 Park Ave
	10th Floor
	New York, NY 10169
Form 13F File Number:	028-17573
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:		John Calvano
Title:		CCO, StoneX Advisors Inc. & Trust Advisory Group Ltd.
Phone:		2054143367
Signature, Place, and Date of Signing:
John Calvano			Birmingham, AL	08-13-2025
[Signature]			[City, State]	[Date]
During an internal review of StoneX Group Inc.'s Section 13(f) reporting practices we discovered the quarterly filings from Q4 2021 through Q1 2025 under-reported the total number of securities, shares and market values. The errors involved all Other Reporting Managers: StoneX Advisors Inc., StoneX Financial Inc., and Trust Advisory Group, Ltd. The review identified four main causes: 1. Missing Market Making Accounts; Between Q4 2021 and Q4 2024, three market making accounts were inadvertently excluded from the Firm's filings. 2. Formula Error in Excel; From Q1 2022 to Q4 2022, the Firm mistakenly used "XLOOKUP" functionality instead of "SUMIF" in Excel causing only the first instance of a CUSIP to be counted. 3. Failure to Implement Rule Change; SEC Rule 87 FR 38943 requiring all dollar values to be rounded to the nearest dollar, rather than to the nearest one thousand dollars, was not properly implemented from Q4 2022 to Q1 2025. 4. Excel Scientific Notation Error; Between Q4 2021 and Q1 2025, CUSIPs with an "E" were inadvertently converted into scientific notation in Excel. This led to the misidentification of certain reportable securities.

Report Type (Check only one.):
X	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:		3
	Form 13F Information Table Entry Total:		515
	Form 13F Information Table Value Total:		1,579,166,817
			(round to nearest dollar)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]
	No.	Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
	1	StoneX Advisors Inc.	028-17766			0001650393
	2	STONEX FINANCIAL INC.	028-21283			0001070092
	3	TRUST ADVISORY GROUP LTD	028-24975			0000926106