JMG Financial Group, Ltd.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), JMG Financial Group, Ltd. reported 120 stock positions worth $2.6 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 24.2% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 11.6%) and Vanguard Ftse Developed ETF (VEA, 10.6%). Compared with Q4 2023, it opened 4 new positions, sold out of 5, added to 40 and reduced 54. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +37%) and the biggest sale Schwab US Mid Cap ETF (SCHM, shares −3%).

Most Recent 13F
Q2 2026
Location
DOWNERS GROVE, IL
CIK
0001314404
Portfolio Value
$2.6B (Q1 2024)
SEC Filing
0001314404-24-000002 ↗ filed Apr 30, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $2.6B $2.6B Q1 2024 Q2 2024: $2.7B Q2 2024 Q3 2024: $2.9B Q3 2024 Q4 2024: $2.9B Q4 2024 Q1 2025: $3.0B Q1 2025 Q2 2025: $3.3B Q2 2025 Q3 2025: $3.5B Q3 2025 Q4 2025: $3.6B Q4 2025 Q1 2026: $3.6B Q1 2026 Q2 2026: $4.1B Q2 2026

Holdings 120 stocks · $2.6B
VOO Vanguard S&P 500 ETF 24.18% 1,319,172 $634.1M Add +1.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 11.58% 1,215,343 $303.7M Add +2.3%
VEA Vanguard Ftse Developed ETF 10.64% 5,561,141 $279.0M Add +4.2%
SCHX Schwab US Large-Cap ETF 6.80% 2,872,482 $178.3M Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US 5.41% 271,221 $141.9M Reduce -2.3%
DFSV Dimensional US Small Cap Val 5.35% 4,663,997 $140.4M Add +6.7%
VWO Vanguard Ftse Emerging Marke 3.97% 2,492,508 $104.1M Add +6.2%
IWR iShares Russell Mid-Cap ETF 3.04% 948,495 $79.8M Reduce -0.5%
SCHM Schwab US Mid Cap ETF 3.03% 975,900 $79.5M Reduce -2.8%
SCHF Schwab Intl Equity ETF 2.99% 2,008,829 $78.4M Add +1.5%
DFGR Dim Global Real Estate ETF 2.52% 2,586,958 $66.0M Add +23.1%
DFIC Dimensional International Co. 2.18% 2,133,957 $57.1M Add +22.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 2.09% 285,746 $54.8M Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US 1.86% 187,722 $48.8M Add +37.3%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.58% 172,335 $41.3M Reduce -4.1%
DFEM Dimensional Emrg MRKT Core 1.15% 1,180,238 $30.1M Add +17.5%
SCHE Schwab Emrg Mrkts Eqty ETF 0.89% 926,686 $23.4M Add +2.3%
IVV iShares Core S&P 500 ETF 0.84% 41,891 $22.0M Reduce -0.6%
VNQ Vanguard Real Estate ETF 0.81% 246,886 $21.4M Add +1.7%
IWP iShares Russell Mid-Cap Grow 0.55% 127,010 $14.5M Reduce -1.8%
VEU Vanguard Ftse All-World Ex-U 0.51% 226,496 $13.3M Reduce -0.1%
IWF iShares Russell 1000 Growth 0.43% 33,534 $11.3M Reduce -5.0%
IWB iShares Russell 1000 ETF 0.42% 37,907 $10.9M Reduce -1.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.41% 31,091 $10.7M Reduce -0.7%
IWS iShares Russell Mid-Cap Valu 0.41% 85,345 $10.7M Reduce -1.4%
SCHZ Schwab US Aggregate Bond ETF 0.38% 216,561 $10.0M Reduce -0.9%
VNQI Vanguard GLBL Ex-US Real Est 0.38% 235,642 $9.9M Reduce -4.6%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.35% 59,080 $9.2M Reduce -1.9%
VTV Vanguard Mrngstr Val ETF-Aui 0.32% 52,028 $8.5M Add +2.7%
SCHB Schwab US Broad Market ETF 0.28% 120,763 $7.4M Reduce -1.5%
IWM iShares Russell 2000 ETF 0.26% 32,800 $6.9M Reduce -1.5%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.25% 28,138 $6.6M Reduce -2.1%
SCHG Schwab US Large-Cap Growth 0.24% 68,341 $6.3M Reduce -1.8%
IWD iShares Russell 1000 Value E 0.20% 28,551 $5.1M Reduce -0.5%
VB Vanguard Most SM-Cap ETF-Usd 0.17% 19,588 $4.5M Reduce -2.3%
DFAS Dimensional US Small Cap ETF 0.16% 67,212 $4.2M Add +30.0%
MDY State Street SPDR S&P Midcap 0.15% 7,049 $3.9M Reduce -0.0%
EFA iShares MSCI Eafe ETF 0.14% 44,756 $3.6M Reduce -3.4%
VIG Vanguard Dividend Apprec ETF 0.13% 18,545 $3.4M Reduce -2.5%
IWV iShares Russell 3000 ETF 0.12% 10,915 $3.3M Reduce -3.9%
QQQ Invesco QQQ Trust Series 1 0.12% 7,205 $3.2M Reduce -5.0%
IUSG iShares Core S&P U.S. Growth 0.12% 26,181 $3.1M Reduce -10.8%
IJR iShares Core S&P Small-Cap E 0.11% 25,952 $2.9M Reduce -12.5%
ESGD iShares Trust iShares ESG Aw 0.11% 35,669 $2.9M No change
VTIP Vanguard Short-Term Tips 0.11% 58,442 $2.8M Reduce -26.3%
SCHP Schwab U.S. Tips ETF 0.10% 51,529 $2.7M Add +6.5%
SCHH Schwab US REIT ETF 0.10% 129,367 $2.6M Add +8.6%
XLK SS Technology Select Sector 0.10% 12,151 $2.5M Add +0.4%
USMV iShares MSCI USA Min Vol Fac 0.09% 27,560 $2.3M No change
SCHV Schwab US Large-Cap Value 0.08% 28,561 $2.2M Add +8.1%
MSFT Microsoft Corp. 0.08% 5,029 $2.1M Reduce -2.6%
BNDX Vanguard Total Intl Bond ETF 0.07% 39,203 $1.9M Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 3,932 $1.7M Add +2.7%
AGG iShares Core U.S. Aggregate 0.06% 16,545 $1.6M Add +15.1%
IEMG iShares Core MSCI Emerging 0.06% 30,214 $1.6M Reduce -7.3%
IWO iShares Russell 2000 Growth 0.06% 5,571 $1.5M Reduce -3.0%
DFAR Dimensional US Real Est ETF 0.06% 67,238 $1.5M Add +14.9%
ESGE iShares Inc. iShares ESG Awar 0.05% 42,643 $1.4M Reduce -13.0%
ESGU iShares ESG Aware MSCI USA 0.05% 11,693 $1.3M Reduce -4.5%
DFIV Dimensional International Va 0.05% 36,341 $1.3M Add +35.5%
DVY iShares Select Dividend ETF 0.05% 10,725 $1.3M Reduce -0.2%
SCHD Schwab US DVD Equity ETF 0.05% 16,354 $1.3M Reduce -13.7%
IEFA iShares Core MSCI Eafe ETF 0.05% 16,593 $1.2M Add +0.7%
SCHA Schwab US Small-Cap ETF 0.04% 22,854 $1.1M Reduce -2.5%
ACWI iShares MSCI Acwi ETF 0.04% 10,000 $1.1M No change
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.04% 10,329 $966K Reduce -28.5%
DMXF iShares ESG Advanc MSCI Eafe 0.04% 14,102 $961K Add +18.3%
RSP Invesco S&P 500 Equal Weight 0.04% 5,661 $959K No change
GOOGL Alphabet Inc. Class A 0.04% 6,240 $942K Reduce -2.5%
AAPL Apple Inc. 0.04% 5,405 $927K Reduce -4.3%
IVE iShares S&P 500 Value ETF 0.03% 4,874 $911K Reduce -3.2%
IVW iShares S&P 500 Growth ETF 0.03% 10,442 $882K Add +1.7%
IXUS iShares Core Intl Stock ETF 0.03% 11,788 $800K No change
EEM iShares MSCI Emerging Market 0.03% 18,476 $759K Reduce -10.6%
USXF iShares ESG Advance MSCI USA 0.03% 16,116 $728K Reduce -5.0%
EEMV iShares MSCI Emg MKT Min Vol 0.03% 12,460 $705K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 5,914 $700K Add +9.2%
TDG Transdigm Group Inc. 0.02% 513 $632K No change
GLD SPDR Gold Shares 0.02% 3,052 $628K Reduce -9.5%
MA Mastercard Inc. Class A 0.02% 1,297 $625K No change
IJS iShares S&P Small-Cap 600 Va 0.02% 6,050 $622K Add +20.1%
JNJ Johnson & Johnson 0.02% 3,718 $588K Reduce -0.7%
IJH iShares Core S&P Midcap ETF 0.02% 8,955 $544K Add +0.3%
XOM Exxon Mobil Corp. 0.02% 4,223 $491K Add +13.7%
SCZ iShares MSCI Eafe Small-Cap 0.02% 7,501 $475K No change
IEI iShares 3-7 Year Treasury Bo 0.02% 3,992 $462K Reduce -15.5%
VT Vanguard Tot World STK ETF 0.02% 3,935 $435K Add +0.1%
BND Vanguard Total Bond Market 0.02% 5,883 $427K Add +1.4%
VTEB Vanguard Tax-Exempt Bond ETF 0.02% 8,395 $425K Add +57.1%
SCHO Schwab Short-Term US Treas 0.02% 8,734 $421K Add +13.5%
JPM JPMorgan Chase & Co. 0.02% 2,015 $404K Reduce -13.0%
GSLC Goldman Activebeta US LC ETF 0.02% 3,817 $396K Add +0.1%
TXN Texas Instruments Inc. 0.01% 2,180 $380K No change
PG The Procter & Gamble Co. 0.01% 2,320 $376K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.01% 5,572 $375K Add +0.2%
EFAV iShares MSCI Eafe Min Vol Fa 0.01% 5,231 $371K Add +0.3%
FNDA Schwab Fndmntl US SM Co. ETF 0.01% 6,353 $362K Add +4.4%
MRK Merck & Co. Inc. 0.01% 2,696 $356K Reduce -1.5%
TIP iShares Tips Bond ETF 0.01% 3,271 $351K Add +35.3%
VONG Vanguard Russell 1000 Growth 0.01% 4,046 $351K No change
HD Home Depot Inc. 0.01% 850 $326K Reduce -5.3%
VOTE TCW Transform 500 ETF 0.01% 4,982 $305K No change
SDY SS SPDR S&P Dividend ETF 0.01% 2,241 $294K No change
RGLD Royal Gold Inc. 0.01% 2,381 $290K No change
XLF SS Financial Select Sector 0.01% 6,835 $288K Add +1.0%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 1,087 $283K No change
VXUS Vanguard Total Intl Stock 0.01% 4,609 $278K Add +31.6%
AMZN Amazon.com Inc. 0.01% 1,535 $277K Reduce -13.5%
ITOT iShares Core S&P Total U.S. 0.01% 2,376 $274K Reduce -13.5%
NVDA Nvidia Corp. 0.01% 300 $271K New
VHT Vanguard Health Care ETF 0.01% 936 $253K No change
FIS Fidelity National Info Serv 0.01% 3,368 $250K Reduce -11.0%
SPYV SS SPDR P S&P 500 Value ETF 0.01% 4,964 $249K New
OShares FTSE Russell Small Cap 0.01% 5,579 $237K No change
LMT Lockheed Martin Corp. 0.01% 500 $227K No change
VCIT Vanguard Int-Term Corporate 0.01% 2,718 $219K New
CRM Salesforce Inc. 0.01% 700 $211K New
GWX State Street SPDR S&P Intern 0.01% 6,329 $206K No change
CBIS Cannabis Science Inc. 0.00% 10,000 $0 No change
CWRN Cotton & Western Mining Inc. 0.00% 100,000 $0 No change

Portfolio Sells Q4 2023 → Q1 2024
SCHM Schwab US Mid Cap ETF Reduce -2.8% 3.03% −0.14
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.3% 5.41% −0.12
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -0.5% 2.09% −0.08
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -4.1% 1.58% −0.07
IWR iShares Russell Mid-Cap ETF Reduce -0.5% 3.04% −0.07
VNQI Vanguard GLBL Ex-US Real Est Reduce -4.6% 0.38% −0.06
SCHX Schwab US Large-Cap ETF Reduce -0.8% 6.80% −0.05
VTIP Vanguard Short-Term Tips Reduce -26.3% 0.11% −0.05
SCHZ Schwab US Aggregate Bond ETF Reduce -0.9% 0.38% −0.05
VEU Vanguard Ftse All-World Ex-U Reduce -0.1% 0.51% −0.03
TIDAL TR II Sold out 0.00% −0.03
IJR iShares Core S&P Small-Cap E Reduce -12.5% 0.11% −0.03
WDTE Tidal TR II Sold out 0.00% −0.02
VANECK VECTORS OIL SERVICES Sold out 0.00% −0.02
HYS PIMCO 0-5 Year H/Y Corp. Bond Reduce -28.5% 0.04% −0.02
IWF iShares Russell 1000 Growth Reduce -5.0% 0.43% −0.02
SCHR Schwab Intermediate-Term US Sold out 0.00% −0.02
IWM iShares Russell 2000 ETF Reduce -1.5% 0.26% −0.02
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -1.9% 0.35% −0.01
IWS iShares Russell Mid-Cap Valu Reduce -1.4% 0.41% −0.01
IWP iShares Russell Mid-Cap Grow Reduce -1.8% 0.55% −0.01
ESGE iShares Inc. iShares ESG Awar Reduce -13.0% 0.05% −0.01
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -2.1% 0.25% −0.01
IUSG iShares Core S&P U.S. Growth Reduce -10.8% 0.12% −0.01
AAPL Apple Inc. Reduce -4.3% 0.04% −0.01
SCHD Schwab US DVD Equity ETF Reduce -13.7% 0.05% −0.01
EFA iShares MSCI Eafe ETF Reduce -3.4% 0.14% −0.01
IEMG iShares Core MSCI Emerging Reduce -7.3% 0.06% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -2.3% 0.17% −0.01
IWN iShares Russell 2000 Value E Sold out 0.00% −0.01
BNDX Vanguard Total Intl Bond ETF Reduce -1.1% 0.07% −0.01
IWB iShares Russell 1000 ETF Reduce -1.8% 0.42% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -5.0% 0.12% −0.01
VIG Vanguard Dividend Apprec ETF Reduce -2.5% 0.13% −0.01
EEM iShares MSCI Emerging Market Reduce -10.6% 0.03% −0.01
IEI iShares 3-7 Year Treasury Bo Reduce -15.5% 0.02% −0.01
IWV iShares Russell 3000 ETF Reduce -3.9% 0.12% −0.01
SCHB Schwab US Broad Market ETF Reduce -1.5% 0.28% −0.01
IVV iShares Core S&P 500 ETF Reduce -0.6% 0.84% −0.00
IWD iShares Russell 1000 Value E Reduce -0.5% 0.20% −0.00
SCHA Schwab US Small-Cap ETF Reduce -2.5% 0.04% −0.00
IWO iShares Russell 2000 Growth Reduce -3.0% 0.06% −0.00
GLD SPDR Gold Shares Reduce -9.5% 0.02% −0.00
ESGU iShares ESG Aware MSCI USA Reduce -4.5% 0.05% −0.00
DVY iShares Select Dividend ETF Reduce -0.2% 0.05% −0.00
JNJ Johnson & Johnson Reduce -0.7% 0.02% −0.00
IVE iShares S&P 500 Value ETF Reduce -3.2% 0.03% −0.00
ITOT iShares Core S&P Total U.S. Reduce -13.5% 0.01% −0.00
GOOGL Alphabet Inc. Class A Reduce -2.5% 0.04% −0.00
JPM JPMorgan Chase & Co. Reduce -13.0% 0.02% −0.00

Portfolio Buys Q4 2023 → Q1 2024
VTI VG Morningstar TS MKT ETF-US Add +37.3% 1.86% +0.50
DFIC Dimensional International Co. Add +22.3% 2.18% +0.31
VOO Vanguard S&P 500 ETF Add +1.0% 24.18% +0.26
DFGR Dim Global Real Estate ETF Add +23.1% 2.52% +0.23
DFEM Dimensional Emrg MRKT Core Add +17.5% 1.15% +0.10
DFAS Dimensional US Small Cap ETF Add +30.0% 0.16% +0.03
DFSV Dimensional US Small Cap Val Add +6.7% 5.35% +0.01
DFIV Dimensional International Va Add +35.5% 0.05% +0.01
NVDA Nvidia Corp. New 0.01% +0.01
SPYV SS SPDR P S&P 500 Value ETF New 0.01% +0.01
VCIT Vanguard Int-Term Corporate New 0.01% +0.01
CRM Salesforce Inc. New 0.01% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +2.7% 0.06% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +2.7% 0.32% +0.01
SCHV Schwab US Large-Cap Value Add +8.1% 0.08% +0.01
VTEB Vanguard Tax-Exempt Bond ETF Add +57.1% 0.02% +0.00
DMXF iShares ESG Advanc MSCI Eafe Add +18.3% 0.04% +0.00
XOM Exxon Mobil Corp. Add +13.7% 0.02% +0.00
TIP iShares Tips Bond ETF Add +35.3% 0.01% +0.00
VXUS Vanguard Total Intl Stock Add +31.6% 0.01% +0.00
AGG iShares Core U.S. Aggregate Add +15.1% 0.06% +0.00
IJS iShares S&P Small-Cap 600 Va Add +20.1% 0.02% +0.00
DFAR Dimensional US Real Est ETF Add +14.9% 0.06% +0.00
IVW iShares S&P 500 Growth ETF Add +1.7% 0.03% +0.00
IJJ iShares S&P Mid-Cap 400 Valu Add +9.2% 0.03% +0.00
SCHO Schwab Short-Term US Treas Add +13.5% 0.02% +0.00
XLF SS Financial Select Sector Add +1.0% 0.01% +0.00
GSLC Goldman Activebeta US LC ETF Add +0.1% 0.02% +0.00
IJH iShares Core S&P Midcap ETF Add +0.3% 0.02% 0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +0.2% 0.01% −0.00
FNDA Schwab Fndmntl US SM Co. ETF Add +4.4% 0.01% −0.00
VT Vanguard Tot World STK ETF Add +0.1% 0.02% −0.00
EFAV iShares MSCI Eafe Min Vol Fa Add +0.3% 0.01% −0.00
XLK SS Technology Select Sector Add +0.4% 0.10% −0.00
BND Vanguard Total Bond Market Add +1.4% 0.02% −0.00
IEFA iShares Core MSCI Eafe ETF Add +0.7% 0.05% −0.00
SCHH Schwab US REIT ETF Add +8.6% 0.10% −0.00
SCHP Schwab U.S. Tips ETF Add +6.5% 0.10% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +2.3% 11.58% −0.02
SCHE Schwab Emrg Mrkts Eqty ETF Add +2.3% 0.89% −0.05
VWO Vanguard Ftse Emerging Marke Add +6.2% 3.97% −0.07
SCHF Schwab Intl Equity ETF Add +1.5% 2.99% −0.08
VEA Vanguard Ftse Developed ETF Add +4.2% 10.64% −0.08
VNQ Vanguard Real Estate ETF Add +1.7% 0.81% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 137$4.1BVOO, VO, VEA, SCHX, DFSV
Q1 2026 127$3.6BVOO, VEA, VO, DFSV, SCHX
Q4 2025 126$3.6BVOO, VO, VEA, SCHX, DFSV
Q3 2025 122$3.5BVOO, VO, VEA, SCHX, DFSV
Q2 2025 124$3.3BVOO, VO, VEA, SCHX, SPY
Q1 2025 120$3.0BVOO, VO, VEA, SCHX, DFSV
Q4 2024 112$2.9BVOO, VO, VEA, SCHX, DFSV
Q3 2024 117$2.9BVOO, VO, VEA, SCHX, DFSV
Q2 2024 117$2.7BVOO, VO, VEA, SCHX, SPY
Q1 2024 120$2.6BVOO, VO, VEA, SCHX, SPY