OPY on NYSE

Oppenheimer Holdings

Logo: oppenheimer.com4

American multinational independent investment bank

Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.3 It was founded by Harris C. Fahnestock.1 Its shares trade on NYSE under the symbol OPY.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$1.4BRevenue, fiscal 20255
$148.4MNet income, fiscal 20255
1950Founded1

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  • TickerOPY on NYSE1
  • Industryfinancial services1
  • HeadquartersNew York City1
  • Websitewww.oppenheimer.com
  • Incorporated inDE6
  • Business address85 Broad Street, 22Nd Floor, New York, Ny 100046
  • Filer categoryAccelerated filer6
85 Broad Street, New York NY - W0R0445
Photo: Paulo.belli, CC BY-SA 4.0, via Wikimedia Commons9

Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

14.8%Operating margin5
10.4%Net margin5
15.9%Revenue growth, 20255
15.1%Return on equity5
$183.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Advisory Fees brought in 39% of the revenue Oppenheimer Holdings broke down this way in fiscal 2025.

  1. Advisory Fees$555.4M539%up 15% from 2024
  2. Commissions From Sales And Trading$431.4M530%up 14% from 2024
  3. Investment Banking, Capital Markets$152.9M511%up 121% from 2024
  4. Bank Deposit Sweep Income$114.8M58%down 17% from 2024
  5. Investment Banking, Advisory$113.5M58%up 6% from 2024
  6. Mutual Fund Income$33.0M52%up 1% from 2024
  7. Other$23.0M52%up 11% from 2024
Products and services by year
Products and services20242025
Advisory Fees$483.4M$555.4M
Commissions From Sales And Trading$376.9M$431.4M
Investment Banking, Capital Markets$69.2M$152.9M
Bank Deposit Sweep Income$138.8M$114.8M
Investment Banking, Advisory$107.3M$113.5M
Mutual Fund Income$32.8M$33.0M
Other$20.7M$23.0M

Business segments

Wealth Management brought in 42% of the revenue Oppenheimer Holdings broke down this way in fiscal 2025.

  1. Wealth Management$1.0B542%up 7% from 2024
  2. Asset Management$934.4M538%up 8% from 2024
  3. Capital Markets segment:$484.6M520%up 36% from 2024
Business segments by year
Business segments202320242025
Wealth Management$890.2M$972.1M$1.0B
Asset Management$867.8M$934.4M
Capital Markets segment:$345.9M$356.2M$484.6M

Regions

Americas brought in 96% of the revenue Oppenheimer Holdings broke down this way in fiscal 2025.

  1. Americas$1.6B596%up 14% from 2024
  2. Europe / Middle East$63.1M54%up 20% from 2024
  3. Asia$2.6M50%down 30% from 2024
Regions by year
Regions202320242025
Americas$1.2B$1.4B$1.6B
Europe / Middle East$46.5M$52.5M$63.1M
Asia$2.8M$3.7M$2.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs85¢$1.2B
  • Income tax4¢$63.2M
  • Profit10¢$148.4M

Out of $1.4B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$5.2M
  • Dividends paid4¢$7.6M
  • Share buybacks2¢$3.0M
  • Kept or used elsewhere92¢$173.0M

Out of $188.8M of cash from operations.5

Financial statements

Revenue1011121314155$1.4B in 2025+60% since 2018
0$500.0M$1.0B$1.5B2018: $891.6M$891.6M20182019: $934.8M$934.8M2019+5%2020: $1.1B$1.1B2020+20%2021: $1.3B$1.3B2021+17%2022: $1.0B$1.0B2022−21%2023: $1.1B$1.1B2023+2%2024: $1.2B$1.2B2024+15%2025: $1.4B$1.4B2025+16%
Operating income11121314155$211.2M in 2025+371% since 2018
0$100.0M$200.0M$300.0M2018: $44.9M$44.9M20182019: $74.9M$74.9M2019+67%2020: $169.0M$169.0M2020+126%2021: $224.6M$224.6M2021+33%2022: $45.6M$45.6M2022−80%2023: $46.8M$46.8M2023+3%2024: $105.8M$105.8M2024+126%2025: $211.2M$211.2M2025+100%
Net income11121314155$148.4M in 2025+414% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $28.9M$28.9M20182019: $53.0M$53.0M2019+83%2020: $123.0M$123.0M2020+132%2021: $159.0M$159.0M2021+29%2022: $32.4M$32.4M2022−80%2023: $30.2M$30.2M2023−7%2024: $71.6M$71.6M2024+137%2025: $148.4M$148.4M2025+107%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Commissions$464.4M$409.7M$349.2M
Advisory fees$555.4M$483.4M$415.7M
Investment banking$266.4M$176.4M$117.7M
Bank deposit sweep income$114.8M$138.8M$172.8M
Interest$153.0M$135.5M$104.5M
Principal transactions, net$50.2M$54.7M$65.3M
Other$33.8M$33.9M$23.5M
Total revenue$1.6B$1.4B$1.2B
Compensation and related expenses$1.0B$936.8M$782.4M
Communications and technology$105.8M$99.4M$91.3M
Occupancy and equipment costs$63.7M$63.9M$66.0M
Clearing and exchange fees$27.8M$27.6M$24.9M
Interest$86.6M$88.0M$68.6M
Other$126.5M$111.1M$168.8M
Total expenses$1.4B$1.3B$1.2B
Pre-tax income$211.2M$105.8M$46.8M
Income tax provision$63.2M$34.5M$16.5M
Net income$148.0M$71.2M$30.3M
Net income (loss) attributable to non-controlling interests, net of tax-$444.0K-$310.0K$93.0K
Net income attributable to Oppenheimer Holdings Inc.$148.4M$71.6M$30.2M
Basic (in dollars per share)$14.13$6.91$2.81
Diluted (in dollars per share)$13.04$6.37$2.59
Basic (in shares)10.5M shares10.3M shares10.7M shares
Diluted (in shares)11.4M shares11.2M shares11.6M shares

Compare Oppenheimer Holdings with another company

Corporate structure

Oppenheimer Holdings sits at the top of its group. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Oppenheimer Holdings

  • BlackRock Filed SC 13G/A on Oppenheimer Holdings, latest Jul 7, 2023 (3 filings since Feb 1, 2022)
  • Oppenheimer Holdings New York City
    • E.A. Viner International Co. Subsidiary · Delaware, United States
    • Oppenheimer & Co. Inc. Subsidiary · Delaware, United States
    • Oppenheimer Asset Management Inc. Subsidiary · New York, United States
    • Oppenheimer Europe Ltd. Subsidiary · United Kingdom

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Oppenheimer Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$134.4M5 Dec 31, 2025$130.6M5 Dec 31, 2024+2.9%
Accumulated depreciation$102.0M5 Dec 31, 2025$92.4M5 Dec 31, 2024+10.4%
Property and equipment, net$32.4M5 Dec 31, 2025$38.2M5 Dec 31, 2024−15.2%
Operating-lease assets (leased space)$119.1M5 Dec 31, 2025$133.8M5 Dec 31, 2024−11.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$38.4M5 Dec 31, 2025$33.1M5 Dec 31, 2024+15.9%
Loans, net of allowance$58.0M5 Dec 31, 2025$67.9M5 Dec 31, 2024−14.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$143.6M5 Dec 31, 2025$143.6M5 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$35.0M5 Dec 31, 2025$35.7M5 Dec 31, 2024−1.9%
Finite-lived intangibles, net$2.9M5 Dec 31, 2025$2.9M15 Dec 31, 20240%

Properties, in its own words

The Company and Oppenheimer maintain offices at their headquarters at 85 Broad Street, New York, New York which houses their executive management team and many administrative functions for the Firm as well as their research, trading, investment banking, and asset management businesses. Generally, the offices outside of 85 Broad Street serve as bases for sales representatives who process trades and provide other brokerage services in co-operation with Oppenheimer’s New York offices using the data processing facilities located there. The Company maintains an office in Troy, Michigan, which among other things, houses its payroll and human resources departments. Oppenheimer Trust is based in Wilmington, Delaware. Management believes that its present facilities are adequate for the purposes for which they are used and have adequate capacity to provide for presently contemplated future uses. In addition, the Company has offices in London, England, St. Helier, Isle of Jersey, Geneva, Switzerland, Tel Aviv, Israel and Hong Kong, China. Working arrangements for employees based outside of our corporate headquarters vary based on local regulations, including health regulations. All of the Company’s properties are leased under operating lease arrangements. Management is assessing its future real estate needs in light of the hybrid working environment, the existing footprint, and upcoming lease expirations.

Item 2 of the 10-K filed Feb 26, 2026.21

The story

Founded by Harris C. Fahnestock in 1950.1

Originally created as Oppenheimer & Company and named for German-American investment broker Max E. Oppenheimer (c. 1899–1964), a Jewish refugee from the Nazis who advised the Synagogue Council of America and worked at a New Hampshire real estate firm, a Bay Area savings and loan association, and Lehman Brothers, Oppenheimer Holdings was founded in 1950 when a partnership was created to act as a broker-dealer and manage related financial services for large institutional clients. While the 1960s and 1970s was a time of great prosperity for the company, the origins of the firm trace back to 1881. After re-configuring operations in 1975, Oppenheimer & Co. formed three operating subsidiaries:

Oppenheimer & Co. Inc., a retail brokerage firm

Oppenheimer Capital Corporation, an institutional investment manager

Oppenheimer Management Corp. (subsequently spun off into OppenheimerFunds, a mutual fund business, which was later acquired by Invesco)

In the 1980s, OpCo founding partners began looking for a buyer. Mercantile House Holdings, PLC, a publicly owned British corporation, made an offer in 1982, which was accepted and closed a year later. In 1986, a majority interest was bought in Oppenheimer & Co. and Oppenheimer Capital by the firm's management, chairman and CEO Stephen Robert and president Nathan Gantcher, along with a small group of their colleagues from Mercantile, for $150 million. A year later, British & Commonwealth Holdings, PLC, acquired Mercantile. The 1990s brought another separation of the original firm when Oppenheimer Capital's senior personnel acquired a majority interest in the subsidiary and separated from OpCo.

In 1990, MassMutual acquired Oppenheimer Management Corporation from British and Commonwealth Holdings PLC for $150 million as part of its strategy to diversify into mutual funds management.

In 1995, Robert and Gantcher, who controlled about 40 percent of OpCo's equity, became eager to locate additional capital to grow their firm. At first, OpCo explored options of forming a possible alliance with ING Groep NV that eventually fell through. Carrying on with this goal, management set out to merge with a bulge bracket bank that had access to the foreign markets.

Robert and Gantcher entertained offers from the second-largest private German financial institution and retail bank, Bayerische Vereinsbank. On May 8, 1997, The Wall Street Journal announced that Pittsburgh-based PNC Bank Corp. was in talks to buy Oppenheimer & Co. for about $500 million in cash, stock, and options. Despite that, according to the article's source, PNC and Oppenheimer hadn't arrived at a fixed price and that chatter could break the formal agreement. 13 days following the announcement, the Bloomberg News desk announced that for the third time in two years, OpCo had been abandoned by a prospective buyer. Two months later, it was announced that CIBC wanted to expand its brokerage business and was interested in Oppenheimer.

Read the full text

CIBC Oppenheimer

In 1997, CIBC Wood Gundy acquired Oppenheimer Holdings for $525 million and paid over for the next three years and included $175 million in order to retain the loyalty of key Oppenheimer executives who were not shareholders in the closely held private firm. When the deal was closed, the firm's name was changed to CIBC Oppenheimer Holdings. In 2003, CIBC made the decision to sell Oppenheimer's retail brokerage business and name for $257 million to Fahnestock Viner Holdings, which subsequently changed its name to Oppenheimer.

Fahnestock Viner Holdings

Fahnestock Viner traces its lineage back to Harris C. Fahnestock, an investment banker who was a founding member of one of Citigroup's predecessors, the First National Bank of New York. In 1881, Harris' son William formed his own investment bank at Two Wall Street, Fahnestock & Co., which expanded through the decades and was eventually acquired in 1988 by E.A. Viner Holdings, Ltd. The new company, Fahnestock Viner Holdings, would eventually change its name in 2003 upon the acquisition of CIBC Oppenheimer's retail brokerage business (the Private Client and U.S. Asset Management Divisions).

In 2001, prior to acquiring Oppenheimer, Fahnestock acquired another investment bank, Josephthal & Co. Inc.

Edward A. Viner Holdings, which was Toronto-based company, was managed by Albert “Bud” Lowenthal when it acquired Fahnestock for $7.3 million.

CIBC World Markets

On November 4, 2007, CIBC announced that it agreed to sell to Oppenheimer & Co. its American domestic investment banking, equities, leveraged finance, and related debt capital markets businesses. The transaction also included CIBC's Israeli investment banking and equities business, and certain parts of other U.S. capital markets-related businesses located in the UK and Asia. The acquired businesses by Oppenheimer had over 700 employees and annual revenue of 400 million. According to the agreement, Oppenheimer borrowed $100 million from CIBC in the form of a subordinated debt. Additionally, CIBC agreed to provide an initial $1.5 billion lending, to the entity for financing the syndicated loans for American middle-market companies. CIBC President and Chief Executive Gerry McCaughey said, "It [transaction] will permit CIBC to redeploy capital over time to further support the continued growth of our strong and profitable U.S. and international operations, as well as our core Canadian businesses." The deal was closed on January 14, 2008.

Settlements with US regulators

In January 2015, Oppenheimer & Co. paid $20 million in civil settlements with U.S. regulators, who had alleged that the group had improperly sold penny stocks and did not take adequate steps to fight money laundering.

From Wikipedia’s article on Oppenheimer Holdings, shared under CC BY-SA 4.0.7

Leadership

Who has led Oppenheimer Holdings, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (19)

Products and brands

Listed on Wikidata.1

Major locations

United States

New York City

Atlanta

Boston

Read the full text

Denver

Houston

Los Angeles

San Francisco

Stamford

International

London, United Kingdom

Hong Kong, China SAR

Tel Aviv, Israel

Geneva, Switzerland

Frankfurt, Germany

Notable current and former equity research analysts

Business

Henry Blodget – equity research analyst

Russ Dallen – Latin American research analyst

Steve Eisman – equity research analyst

Israel Englander, billionaire hedge fund manager

Leon Levy who co-founded the Oppenheimer mutual funds in 1959

Meredith Whitney – equity research analyst

Carter Braxton Worth – technical analyst

From Wikipedia’s article on Oppenheimer Holdings, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • E.A. Viner International Co. Delaware8
  • Oppenheimer & Co. Inc. Delaware8
  • Oppenheimer Asset Management Inc. New York8
  • Oppenheimer Europe Ltd. United Kingdom8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • FAHNESTOCK VINER HOLDINGS INCSep 20, 1996 to Aug 12, 20036

Timeline

  1. Aug 3, 20268-K Regulation FD disclosure44
  2. Jul 31, 20268-K Results of operations45
  3. May 5, 20268-K Bylaws or fiscal year changed; Shareholder vote46
  4. May 4, 20268-K Regulation FD disclosure47
  5. May 1, 20268-K Results of operations48
  6. Apr 27, 20268-K Entered a material agreement49
  7. Feb 9, 2026New chief executive Robert S. Lowenthal becomes CEO22
  8. Feb 2, 20268-K Regulation FD disclosure50
  9. Jan 30, 20268-K Results of operations51
  10. Dec 12, 20258-K Other events52
  11. Nov 3, 20258-K Regulation FD disclosure53
  12. Oct 31, 20258-K Results of operations54
  13. Aug 4, 20258-K Regulation FD disclosure55
  14. Feb 16, 2007New chief executive Albert G. Lowenthal becomes CEO23
  15. 1950Founded Founded1

Calendar

Coming up

  1. Oct 30, 2026Reports results for the quarter ending Sep/202656

When it reported results

  1. Jul 31, 2026Reported quarterly or annual results45
  2. May 1, 2026Reported quarterly or annual results48
  3. Jan 30, 2026Reported quarterly or annual results51
  4. Oct 31, 2025Reported quarterly or annual results54
  5. Aug 1, 2025Reported quarterly or annual results57
  6. Apr 25, 2025Reported quarterly or annual results58
  7. Jan 31, 2025Reported quarterly or annual results59
  8. Oct 25, 2024Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

201 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 62 major events, 91 insider forms, 3 large holders, 24 other. The latest 20:

  1. Aug 3, 20268-K EDGAR
  2. Jul 31, 202610-Q EDGAR
  3. Jul 31, 20268-K EDGAR
  4. Jun 5, 202611-K EDGAR
  5. May 11, 20264 EDGAR
  6. May 11, 20264 EDGAR
  7. May 11, 20264 EDGAR
  8. May 11, 20264 EDGAR
  9. May 5, 20268-K EDGAR
  10. May 4, 20268-K EDGAR
  11. May 1, 20268-K EDGAR
  12. May 1, 202610-Q EDGAR
  13. Apr 27, 20268-K EDGAR
  14. Mar 13, 2026DEF 14A EDGAR
  15. Mar 3, 20264 EDGAR
  16. Mar 3, 20264 EDGAR
  17. Mar 3, 20264 EDGAR
  18. Mar 2, 2026PRE 14A EDGAR
  19. Feb 27, 20264 EDGAR
  20. Feb 27, 20264 EDGAR

The 201 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

48 open-market trades by officers, directors and large owners since October 2021: 36 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 2, 2026McNAMARA DENNIS PSecretarySale4,673$90.67$423.7KForm 4
Nov 28, 2025Lowenthal Robert SCEOBuy11$67.98$767Form 4
Nov 28, 2025LOWENTHAL ALBERT GChairmanBuy44$67.98$3.0KForm 4
Aug 29, 2025Lowenthal Robert SCEOBuy11$71.72$765Form 4
Aug 29, 2025LOWENTHAL ALBERT GChairmanBuy42$71.72$3.0KForm 4
Aug 5, 2025McNAMARA DENNIS PSecretarySale2,000$73.81$147.6KForm 4
Jun 10, 2025Friedman Paul MDirectorSale3,500$63.31$221.6KForm 4
Jun 9, 2025Friedman Paul MDirectorSale3,500$63.32$221.6KForm 4
Jun 6, 2025Friedman Paul MDirectorSale3,000$63.11$189.3KForm 4
May 9, 2025Lowenthal Robert SCEOBuy12$63.22$763Form 4
May 9, 2025LOWENTHAL ALBERT GChairmanBuy47$63.22$3.0KForm 4
Feb 28, 2025Lowenthal Robert SCEOBuy12$65.19$761Form 4
Feb 28, 2025LOWENTHAL ALBERT GChairmanBuy46$65.19$3.0KForm 4
Nov 22, 2024Lowenthal Robert SCEOBuy12$61.85$759Form 4
Nov 22, 2024LOWENTHAL ALBERT GChairmanBuy48$61.85$3.0KForm 4
Aug 23, 2024Lowenthal Robert SCEOBuy14$52.26$756Form 4
Aug 23, 2024LOWENTHAL ALBERT GChairmanBuy56$52.26$3.0KForm 4
Aug 19, 2024BEHRENS EVANDirectorSale750$50.78$38.1KForm 4
Jul 31, 2024McNAMARA DENNIS PSecretarySale6,000$51.28$307.7KForm 4
May 24, 2024Lowenthal Robert SCEOBuy14$44.79$628Form 4

All 48 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • BlackRockSC 13G/A, 3 filings Feb 1, 2022 to Jul 7, 202361

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025R. S. LowenthalCEO and Director of the Company and CEO of Oppenheimer & Co. Inc.$500.0K$9.5M62
2025A. G. LowenthalChairman and Director of the Company and Executive Chairman of Oppenheimer & Co. Inc.$500.0K$4.8M62
2025P. AlbanoSenior Managing Director and Head of Oppenheimer & Co. Inc.’s Fixed Income Business$300.0K$3.0M62
2025E. HarringtonSenior Managing Director and Head of Oppenheimer & Co. Inc.’s Private Client Division$275.0K$1.9M62
2025B. WatkinsCFO of the Company and Executive Vice President and CFO of Oppenheimer & Co. Inc.$300.0K$1.3M62
2024R. S. LowenthalCEO and Director of the Company and CEO of Oppenheimer & Co. Inc.$300.0K$8.1M62
2024P. AlbanoSenior Managing Director and Head of Oppenheimer & Co. Inc.’s Fixed Income Business$300.0K$2.7M62
2024A. G. LowenthalChairman and Director of the Company and Executive Chairman of Oppenheimer & Co. Inc.$500.0K$2.5M62
2024E. HarringtonSenior Managing Director and Head of Oppenheimer & Co. Inc.’s Private Client Division$275.0K$1.8M62
2024B. WatkinsCFO of the Company and Executive Vice President and CFO of Oppenheimer & Co. Inc.$300.0K$1.2M62
2023R. S. LowenthalCEO and Director of the Company and CEO of Oppenheimer & Co. Inc.$300.0K$5.7M62
2023A. G. LowenthalChairman and Director of the Company and Executive Chairman of Oppenheimer & Co. Inc.$500.0K$2.3M62
2023P. AlbanoSenior Managing Director and Head of Oppenheimer & Co. Inc.’s Fixed Income Business$300.0K$1.7M62
2023E. HarringtonSenior Managing Director and Head of Oppenheimer & Co. Inc.’s Private Client Division$262.5K$1.4M62
2023B. WatkinsCFO of the Company and Executive Vice President and CFO of Oppenheimer & Co. Inc.$300.0K$912.5K62

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Dimensional Fund Advisors LP520,326$54.9M0.0%+23,293
Jb Capital Partners LP503,954$53.2M8.2%No change
American Century Companies Inc391,977$41.4M0.0%+39,190
Vanguard Capital Management LLC384,352$40.6M0.0%−6,881
BlackRock, Inc.203,463$21.5M0.0%+16,397
Royce & Associates LP170,076$17.9M0.1%−3
RBF Capital, LLC163,771$17.3M0.7%No change
Boston Partners158,375$16.7M0.0%+26,941
Arbiter Partners Capital Management LLC133,198$14.1M3.9%+78,199
Morgan Stanley106,924$11.3M0.0%+18,779
Geode Capital Management, LLC92,029$9.7M0.0%+5,465
Charles Schwab Investment Management Inc86,324$9.1M0.0%−14,528
Bridgeway Capital Management, LLC76,547$8.1M0.1%+3,488
State Street Corp75,734$8.0M0.0%+15,936
Algert Global LLC74,147$7.8M0.1%+37,328
Two Sigma Investments, LP62,606$6.6M0.0%+21,975
Arrowstreet Capital, Limited Partnership56,690$6.0M0.0%−15,345
Millennium Management LLC56,398$6.0M0.0%−10,935
Jpmorgan Chase & Co56,398$5.9M0.0%+2,574
Empowered Funds, LLC49,554$5.2M0.0%+3,488
Qube Research & Technologies Ltd48,060$5.1M0.0%+20,469
Vanguard Portfolio Management LLC46,427$4.9M0.0%+13,033
Voleon Capital Management LP44,658$4.7M0.1%+8,136
Boothbay Fund Management, LLC43,742$4.6M0.1%+11,544
Vanguard Fiduciary Trust Co41,174$4.3M0.0%+731

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Oppenheimer Holdings is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROPPENHEIMER HOLDINGS INC2
  • CIK0000791963
  • Employer ID (EIN)98-008003421
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company21
  • Incorporated inDelaware21
  • Fiscal year endsDecember 312
  • Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address85 Broad Street, 22Nd Floor, New York, NY 100042
  • Phone21266882552
  • Shares outstanding10,607,590 Common Class A shares; 99,665 Common Class B shares as of Feb 26, 202621
  • Public float$685.2M as of Jun 30, 202521
  • AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; it also attests to the company’s internal control over financial reporting21
  • On EDGAR sinceMar 29, 19962
  • Filings962 in all: 4 (354), 8-K (167), 10-Q (92), SC 13G/A (37), 5 (33), 11-K (32), 10-K (31), S-8 (23)2
    All 38 form types

    CORRESP (22), DEF 14A (22), UPLOAD (22), 4/A (17), 3 (15), 8-K/A (14), SC 13G (9), 10-K/A (8), EFFECT (7), 10-Q/A (6), 424B3 (6), S-3/A (6), ARS (5), DEFA14A (4), S-4 (4), 144 (3), PRE 14A (3), S-3 (3), NT 10-Q (2), RW (2), S-4/A (2), S-8 POS (2), SC TO-I/A (2), 10-12B (1), 3/A (1), 40-APP (1), 8-A12B (1), DEL AM (1), SC 13D (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Mar 13, 2026
    Latest 8-K (8-K) Aug 3, 2026

Securities registered for trading

ClassSymbolExchange
Class A non-voting common stockOPYThe New York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).21

Risk factors and legal proceedings

The risks Oppenheimer Holdings names in Item 1A of its 10-K filed Feb 26, 2026: 30 risks under these headings, as written.21

  • FINANCIAL RISKS
  • Our results of operations may be materially affected by market fluctuations and by global and economic conditions and other factors, including changes in asset values.
  • The Company is exposed to the risk that third parties that owe it money, securities or other assets will not perform their obligations.
  • Liquidity Risk
  • Liquidity is essential to our businesses and we rely on external sources to finance a significant portion of our operations.
  • Our short-term lines of credit are uncommitted in nature and subject to the risk that our lenders decline to fund a requested loan.
  • Operational Risk
  • We are subject to operational risks, including a failure, breach or other disruption of our operations or security systems or those of our third parties (or third parties thereof), as well as human error or malfeasance, which could adversely affect our businesses or reputation.
  • The Company's information systems may experience an interruption or breach in security.
  • Security breaches of our technology systems, or those of our clients or other third-party vendors we rely on, may expose us to significant liability and harm our reputation.
  • The Company continually encounters technological change.
  • The Company does not currently offer the direct purchase or sale of digital or related custody services, which may limit our ability to compete or adapt to market trends.
The other 21 risks
  • There is risk associated with the sufficiency of coverage under the Company’s insurance policies.
  • Climate change and emerging state-level sustainability reporting requirements could adversely affect our operations, financial condition and reputation.
  • We are subject to risks relating to environmental, social, and governance (“ESG”) matters that could adversely affect our reputation, business, financial condition, and results of operations, as well as the price of our common stock.
  • REGULATORY AND COMPLIANCE RISKS
  • The Company is subject to extensive securities regulation and the failure to comply with these regulations could subject it to monetary penalties or sanctions.
  • Financial services firms have been subject to increased regulatory scrutiny increasing the risk of financial liability and reputational harm resulting from adverse regulatory actions.
  • Numerous regulatory changes, and enhanced regulatory and enforcement activity, relating to the asset management business may increase our compliance and legal costs and otherwise adversely affect our business.
  • If the Company violates the securities laws, or is involved in litigation in connection with a violation, the Company's reputation and results of operations may be adversely affected.
  • The Company is exposed to litigation and arbitration risks, which may adversely affect our reputation, financial position and results of operations.
  • RISK MANAGEMENT
  • The Company's risk management policies and procedures may leave it exposed to unidentified risks or an unanticipated level of risk.
  • RISKS ASSOCIATED WITH THE COMPANY’S COMMON STOCK
  • The holders of Class A Stock do not have the ability to vote on most corporate matters which limits the influence that these holders have over the Company.
  • The trading volume in the Company's Class A Stock is less than that of larger financial services companies.
  • The Company is the holding company of several operating subsidiaries, and is reliant on dividends and other sources of funding from those subsidiaries to pay dividends to holders of Class A Stock and meet other obligations.
  • Our ability to pay future dividends to holders of Class A Stock is subject to the Board of Directors’ discretion and may be impacted by our financial and operating results.
  • GENERAL BUSINESS AND ECONOMIC RISKS
  • Preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that may differ from actual results. Additionally, new accounting standards adopted by the relevant standard-setting authorities could impact future reported results.
  • Developments in market and economic conditions have in the past adversely affected, and may in the future adversely affect, the Company's business and profitability.
  • The Company has experienced significant pricing pressure in areas of its business, which may impair its revenues and profitability.
  • The Company may make strategic acquisitions of businesses, engage in joint ventures or divest or exit existing businesses, which could result in unforeseen expenses or disruptive effects on its business.
  • The business operations that are conducted outside of the United States subject the Company to unique risks and potential loss.
  • The ability to attract, develop and retain highly skilled and productive employees, particularly qualified financial advisors is critical to the success of the Company's business.
  • The Company depends on its senior employees and the loss of their services could harm its business.
  • The precautions the Company takes to prevent and detect employee misconduct may not be effective and the Company could be exposed to unknown and unmanaged risks or losses.

Legal proceedings

Many aspects of the Company's business involve substantial risks of liability. In the normal course of business, the Company has been named as defendant or co-defendant in various legal actions, including arbitrations, class actions and other litigation, creating substantial exposure and periodic expenses. Certain of the actual or threatened legal matters include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. These proceedings arise primarily from securities brokerage, asset management and investment banking activities. The Company is also involved, from time to time, in other reviews, investigations and proceedings (both formal and informal) by governmental and self-regulatory agencies regarding the Company's business, which may result in expenses, adverse judgments, settlements, fines, penalties, injunctions or other relief. The investigations include inquiries from the SEC, FINRA and other regulators.

The Company accrues for estimated loss contingencies related to legal and regulatory matters within other expenses in the consolidated income statement when available information indicates that it is probable a liability had been incurred and the Company can reasonably estimate the amount of that loss. In many proceedings, however, it is inherently difficult to determine whether any loss is probable or even possible or to estimate the amount of any loss. In addition, even where a loss is possible or

an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is often not possible to reasonably estimate the size of the possible loss or range of loss or possible additional losses or range of additional losses.

The opening of Item 3, Legal Proceedings.21

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