JMG Financial Group, Ltd.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 22, 2024), JMG Financial Group, Ltd. reported 117 stock positions worth $2.9 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 24.3% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 11.5%) and Vanguard Ftse Developed ETF (VEA, 10.6%). Compared with Q2 2024, it opened 3 new positions, sold out of 3, added to 47 and reduced 39. The biggest buy was Dim Global Real Estate ETF (DFGR, shares +11%) and the biggest sale Schwab US Large-Cap ETF (SCHX, shares −1%).

Most Recent 13F
Q2 2026
Location
DOWNERS GROVE, IL
CIK
0001314404
Portfolio Value
$2.9B (Q3 2024)
SEC Filing
0001314404-24-000005 ↗ filed Oct 22, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $2.6B Q1 2024 Q2 2024: $2.7B Q2 2024 Q3 2024: $2.9B $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 117 stocks · $2.9B
VOO Vanguard S&P 500 ETF 24.28% 1,347,248 $710.9M Add +1.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 11.54% 1,280,446 $337.8M Add +3.1%
VEA Vanguard Ftse Developed ETF 10.59% 5,867,965 $309.9M Add +2.9%
SCHX Schwab US Large-Cap ETF 6.53% 2,818,327 $191.2M Reduce -1.0%
DFSV Dimensional US Small Cap Val 5.47% 5,202,502 $160.2M Add +6.0%
SPY SS SPDR S&P 500 ETF Trust-US 5.18% 264,332 $151.7M Reduce -0.4%
VWO Vanguard Ftse Emerging Marke 4.36% 2,666,648 $127.6M Add +2.6%
DFGR Dim Global Real Estate ETF 3.42% 3,470,292 $100.2M Add +11.5%
SCHF Schwab Intl Equity ETF 2.88% 2,048,246 $84.2M Add +3.4%
IWR iShares Russell Mid-Cap ETF 2.80% 930,442 $82.0M Reduce -0.3%
SCHM Schwab US Mid Cap ETF 2.76% 970,779 $80.7M Add +0.1%
DFIC Dimensional International Co. 2.75% 2,863,333 $80.6M Add +14.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 1.95% 283,935 $57.0M Reduce -1.1%
VTI VG Morningstar TS MKT ETF-US 1.51% 156,569 $44.3M Reduce -11.6%
DFEM Dimensional Emrg MRKT Core 1.49% 1,549,584 $43.6M Add +17.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.48% 164,677 $43.4M Reduce -3.8%
SCHE Schwab Emrg Mrkts Eqty ETF 0.93% 931,405 $27.2M Add +5.1%
IVV iShares Core S&P 500 ETF 0.81% 41,208 $23.8M Reduce -0.1%
VNQ Vanguard Real Estate ETF 0.78% 234,558 $22.9M Reduce -5.4%
IWP iShares Russell Mid-Cap Grow 0.49% 123,493 $14.5M Add +1.6%
VEU Vanguard Ftse All-World Ex-U 0.48% 224,612 $14.2M Reduce -0.1%
IWF iShares Russell 1000 Growth 0.48% 37,103 $13.9M Add +15.9%
IWB iShares Russell 1000 ETF 0.45% 41,580 $13.1M Add +11.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.39% 29,937 $11.5M Reduce -4.4%
VNQI Vanguard GLBL Ex-US Real Est 0.36% 227,505 $10.7M Reduce -1.3%
IWS iShares Russell Mid-Cap Valu 0.36% 80,042 $10.6M Reduce -0.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.35% 60,292 $10.1M Add +1.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.31% 51,608 $9.0M Add +4.6%
SCHB Schwab US Broad Market ETF 0.27% 117,515 $7.8M Reduce -0.9%
IWM iShares Russell 2000 ETF 0.25% 33,504 $7.4M Add +0.5%
SCHG Schwab US Large-Cap Growth 0.23% 65,231 $6.8M Add +4.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.23% 27,185 $6.6M Reduce -3.0%
DFAS Dimensional US Small Cap ETF 0.19% 87,479 $5.7M Add +16.1%
IWD iShares Russell 1000 Value E 0.17% 25,462 $4.8M Add +11.3%
VB Vanguard Most SM-Cap ETF-Usd 0.16% 20,164 $4.8M Add +3.3%
MDY State Street SPDR S&P Midcap 0.14% 7,012 $4.0M Reduce -0.5%
EFA iShares MSCI Eafe ETF 0.13% 46,596 $3.9M Add +5.7%
VIG Vanguard Dividend Apprec ETF 0.12% 18,331 $3.6M Reduce -0.2%
QQQ Invesco QQQ Trust Series 1 0.12% 7,336 $3.6M Add +0.2%
IWV iShares Russell 3000 ETF 0.12% 10,635 $3.5M Reduce -2.6%
IUSG iShares Core S&P U.S. Growth 0.12% 26,181 $3.5M No change
IJR iShares Core S&P Small-Cap E 0.11% 27,318 $3.2M Add +0.1%
SCHZ Schwab US Aggregate Bond ETF 0.11% 65,239 $3.1M Reduce -64.3%
SCHP Schwab U.S. Tips ETF 0.10% 57,136 $3.1M Add +2.0%
ESGD iShares Trust iShares ESG Aw 0.10% 35,845 $3.0M Add +0.5%
XLK SS Technology Select Sector 0.10% 13,026 $2.9M No change
VTIP Vanguard Short-Term Tips 0.10% 57,758 $2.8M Add +1.1%
SCHH Schwab US REIT ETF 0.09% 110,745 $2.6M Reduce -13.7%
MSFT Microsoft Corp. 0.08% 5,643 $2.4M Reduce -1.5%
BNDX Vanguard Total Intl Bond ETF 0.07% 40,710 $2.0M Reduce -0.0%
IWO iShares Russell 2000 Growth 0.06% 6,570 $1.9M Add +17.9%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 3,930 $1.8M Reduce -0.1%
DFAR Dimensional US Real Est ETF 0.06% 67,354 $1.7M Add +0.2%
AGG iShares Core U.S. Aggregate 0.06% 16,670 $1.7M Reduce -1.2%
DFIV Dimensional International Va 0.05% 41,449 $1.6M Add +0.3%
IEMG iShares Core MSCI Emerging 0.05% 27,257 $1.6M Reduce -0.5%
ESGE iShares Inc. iShares ESG Awar 0.05% 42,875 $1.6M Add +0.5%
DVY iShares Select Dividend ETF 0.05% 11,404 $1.5M No change
IEFA iShares Core MSCI Eafe ETF 0.05% 19,438 $1.5M Add +6.2%
ESGU iShares ESG Aware MSCI USA 0.05% 11,693 $1.5M No change
SCHV Schwab US Large-Cap Value 0.05% 18,158 $1.5M Reduce -1.8%
IVW iShares S&P 500 Growth ETF 0.05% 14,334 $1.4M Add +45.4%
AAPL Apple Inc. 0.04% 5,449 $1.3M Add +0.0%
USMV iShares MSCI USA Min Vol Fac 0.04% 13,710 $1.3M No change
ACWI iShares MSCI Acwi ETF 0.04% 10,000 $1.2M No change
SCHA Schwab US Small-Cap ETF 0.04% 22,921 $1.2M Add +0.0%
SCHD Schwab US DVD Equity ETF 0.04% 13,099 $1.1M Reduce -1.8%
DMXF iShares ESG Advanc MSCI Eafe 0.03% 14,146 $1.0M No change
RSP Invesco S&P 500 Equal Weight 0.03% 5,661 $1.0M No change
IVE iShares S&P 500 Value ETF 0.03% 5,045 $995K Add +12.6%
GOOGL Alphabet Inc. Class A 0.03% 5,740 $952K Reduce -8.0%
IJH iShares Core S&P Midcap ETF 0.03% 14,342 $894K Add +51.6%
IXUS iShares Core Intl Stock ETF 0.03% 11,788 $856K No change
EEM iShares MSCI Emerging Market 0.03% 18,328 $841K Reduce -0.8%
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 6,784 $839K Add +17.3%
USXF iShares ESG Advance MSCI USA 0.03% 16,233 $797K Add +0.7%
GLD SPDR Gold Shares 0.03% 3,052 $742K No change
TDG Transdigm Group Inc. 0.03% 513 $732K No change
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.02% 7,460 $712K Reduce -18.7%
IWN iShares Russell 2000 Value E 0.02% 3,983 $664K New
IJS iShares S&P Small-Cap 600 Va 0.02% 6,121 $659K Add +1.2%
EEMV iShares MSCI Emg MKT Min Vol 0.02% 9,876 $619K Reduce -14.7%
FNDA Schwab Fndmntl US SM Co. ETF 0.02% 9,562 $570K Add +8.0%
VT Vanguard Tot World STK ETF 0.02% 4,487 $537K Add +32.0%
VXUS Vanguard Total Intl Stock 0.02% 8,103 $525K Add +75.8%
SCZ iShares MSCI Eafe Small-Cap 0.02% 7,501 $508K No change
MA Mastercard Inc. Class A 0.02% 1,018 $503K No change
XOM Exxon Mobil Corp. 0.02% 4,223 $495K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 6,221 $446K Add +11.7%
BND Vanguard Total Bond Market 0.01% 5,834 $438K Reduce -0.7%
GSLC Goldman Activebeta US LC ETF 0.01% 3,821 $432K Add +0.1%
TIP iShares Tips Bond ETF 0.01% 3,822 $422K Add +17.1%
AMZN Amazon.com Inc. 0.01% 2,229 $415K No change
EFAV iShares MSCI Eafe Min Vol Fa 0.01% 5,231 $401K No change
JNJ Johnson & Johnson 0.01% 2,435 $395K Reduce -14.1%
IEI iShares 3-7 Year Treasury Bo 0.01% 2,995 $358K Reduce -10.5%
VONG Vanguard Russell 1000 Growth 0.01% 3,689 $356K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.01% 6,963 $356K Reduce -0.3%
HD Home Depot Inc. 0.01% 850 $344K No change
RGLD Royal Gold Inc. 0.01% 2,381 $334K No change
PG The Procter & Gamble Co. 0.01% 1,887 $327K Reduce -2.0%
VOTE TCW Transform 500 ETF 0.01% 4,844 $325K Add +1.0%
XLF SS Financial Select Sector 0.01% 6,765 $307K No change
SDY SS SPDR S&P Dividend ETF 0.01% 2,154 $306K No change
ITOT iShares Core S&P Total U.S. 0.01% 2,376 $298K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 1,087 $291K No change
FIS Fidelity National Info Serv 0.01% 3,368 $282K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.01% 7,407 $277K Reduce -18.5%
VHT Vanguard Health Care ETF 0.01% 973 $275K Reduce -13.9%
OShares FTSE Russell Small Cap 0.01% 5,579 $251K No change
AOR iShares Core 60/40 Balanced 0.01% 3,996 $237K New
MRK Merck & Co. Inc. 0.01% 2,033 $231K Reduce -24.6%
VCIT Vanguard Int-Term Corporate 0.01% 2,718 $228K No change
GWX State Street SPDR S&P Intern 0.01% 6,329 $216K No change
DGRO iShares Core Dividend Growth 0.01% 3,300 $207K New
TXN Texas Instruments Inc. 0.01% 1,000 $207K Reduce -54.1%
GOOG Alphabet Inc. Class C 0.01% 1,220 $204K No change

Portfolio Sells Q2 2024 → Q3 2024
SCHX Schwab US Large-Cap ETF Reduce -1.0% 6.53% −0.30
VTI VG Morningstar TS MKT ETF-US Reduce -11.6% 1.51% −0.26
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.4% 5.18% −0.21
SCHZ Schwab US Aggregate Bond ETF Reduce -64.3% 0.11% −0.20
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -3.8% 1.48% −0.11
VUG Vanguard Mrngstar GR ETF-Sui Reduce -4.4% 0.39% −0.04
IVV iShares Core S&P 500 ETF Reduce -0.1% 0.81% −0.03
IWR iShares Russell Mid-Cap ETF Reduce -0.3% 2.80% −0.03
JPM JPMorgan Chase & Co. Sold out 0.00% −0.02
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -3.0% 0.23% −0.01
MSFT Microsoft Corp. Reduce -1.5% 0.08% −0.01
SCHB Schwab US Broad Market ETF Reduce -0.9% 0.27% −0.01
GOOGL Alphabet Inc. Class A Reduce -8.0% 0.03% −0.01
SPYV SS SPDR P S&P 500 Value ETF Sold out 0.00% −0.01
VEU Vanguard Ftse All-World Ex-U Reduce -0.1% 0.48% −0.01
TXN Texas Instruments Inc. Reduce -54.1% 0.01% −0.01
LMT Lockheed Martin Corp. Sold out 0.00% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.1% 1.95% −0.01
SCHH Schwab US REIT ETF Reduce -13.7% 0.09% −0.01
HYS PIMCO 0-5 Year H/Y Corp. Bond Reduce -18.7% 0.02% −0.01
IWV iShares Russell 3000 ETF Reduce -2.6% 0.12% −0.01
MRK Merck & Co. Inc. Reduce -24.6% 0.01% −0.00
MDY State Street SPDR S&P Midcap Reduce -0.5% 0.14% −0.00
BNDX Vanguard Total Intl Bond ETF Reduce -0.0% 0.07% −0.00
EEMV iShares MSCI Emg MKT Min Vol Reduce -14.7% 0.02% −0.00
AGG iShares Core U.S. Aggregate Reduce -1.2% 0.06% −0.00
IWS iShares Russell Mid-Cap Valu Reduce -0.9% 0.36% −0.00
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -18.5% 0.01% −0.00
IEI iShares 3-7 Year Treasury Bo Reduce -10.5% 0.01% −0.00
JNJ Johnson & Johnson Reduce -14.1% 0.01% −0.00
VHT Vanguard Health Care ETF Reduce -13.9% 0.01% −0.00
IEMG iShares Core MSCI Emerging Reduce -0.5% 0.05% −0.00
SCHV Schwab US Large-Cap Value Reduce -1.8% 0.05% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -0.2% 0.12% −0.00
SCHD Schwab US DVD Equity ETF Reduce -1.8% 0.04% −0.00
VTEB Vanguard Tax-Exempt Bond ETF Reduce -0.3% 0.01% −0.00
BND Vanguard Total Bond Market Reduce -0.7% 0.01% −0.00
EEM iShares MSCI Emerging Market Reduce -0.8% 0.03% −0.00
PG The Procter & Gamble Co. Reduce -2.0% 0.01% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 0.06% +0.00
VNQ Vanguard Real Estate ETF Reduce -5.4% 0.78% +0.01
VNQI Vanguard GLBL Ex-US Real Est Reduce -1.3% 0.36% +0.02

Portfolio Buys Q2 2024 → Q3 2024
DFGR Dim Global Real Estate ETF Add +11.5% 3.42% +0.52
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +3.1% 11.54% +0.31
DFIC Dimensional International Co. Add +14.9% 2.75% +0.31
DFSV Dimensional US Small Cap Val Add +6.0% 5.47% +0.20
DFEM Dimensional Emrg MRKT Core Add +17.1% 1.49% +0.17
VWO Vanguard Ftse Emerging Marke Add +2.6% 4.36% +0.11
VEA Vanguard Ftse Developed ETF Add +2.9% 10.59% +0.06
SCHE Schwab Emrg Mrkts Eqty ETF Add +5.1% 0.93% +0.05
IWF iShares Russell 1000 Growth Add +15.9% 0.48% +0.04
SCHF Schwab Intl Equity ETF Add +3.4% 2.88% +0.04
IWB iShares Russell 1000 ETF Add +11.3% 0.45% +0.03
DFAS Dimensional US Small Cap ETF Add +16.1% 0.19% +0.02
IWN iShares Russell 2000 Value E New 0.02% +0.02
IWD iShares Russell 1000 Value E Add +11.3% 0.17% +0.02
IVW iShares S&P 500 Growth ETF Add +45.4% 0.05% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +4.6% 0.31% +0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Add +1.2% 0.35% +0.01
IJH iShares Core S&P Midcap ETF Add +51.6% 0.03% +0.01
IWO iShares Russell 2000 Growth Add +17.9% 0.06% +0.01
AOR iShares Core 60/40 Balanced New 0.01% +0.01
VXUS Vanguard Total Intl Stock Add +75.8% 0.02% +0.01
DGRO iShares Core Dividend Growth New 0.01% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +3.3% 0.16% +0.00
EFA iShares MSCI Eafe ETF Add +5.7% 0.13% +0.00
IJJ iShares S&P Mid-Cap 400 Valu Add +17.3% 0.03% +0.00
VT Vanguard Tot World STK ETF Add +32.0% 0.02% +0.00
DFAR Dimensional US Real Est ETF Add +0.2% 0.06% +0.00
IVE iShares S&P 500 Value ETF Add +12.6% 0.03% +0.00
IEFA iShares Core MSCI Eafe ETF Add +6.2% 0.05% +0.00
TIP iShares Tips Bond ETF Add +17.1% 0.01% +0.00
FNDA Schwab Fndmntl US SM Co. ETF Add +8.0% 0.02% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +11.7% 0.02% +0.00
AAPL Apple Inc. Add +0.0% 0.04% +0.00
IJR iShares Core S&P Small-Cap E Add +0.1% 0.11% +0.00
IJS iShares S&P Small-Cap 600 Va Add +1.2% 0.02% +0.00
IWM iShares Russell 2000 ETF Add +0.5% 0.25% +0.00
ESGE iShares Inc. iShares ESG Awar Add +0.5% 0.05% −0.00
VOTE TCW Transform 500 ETF Add +1.0% 0.01% −0.00
SCHA Schwab US Small-Cap ETF Add +0.0% 0.04% −0.00
GSLC Goldman Activebeta US LC ETF Add +0.1% 0.01% −0.00
USXF iShares ESG Advance MSCI USA Add +0.7% 0.03% −0.00
DFIV Dimensional International Va Add +0.3% 0.05% −0.00
ESGD iShares Trust iShares ESG Aw Add +0.5% 0.10% −0.00
SCHG Schwab US Large-Cap Growth Add +4.2% 0.23% −0.00
SCHP Schwab U.S. Tips ETF Add +2.0% 0.10% −0.00
VTIP Vanguard Short-Term Tips Add +1.1% 0.10% −0.01
IWP iShares Russell Mid-Cap Grow Add +1.6% 0.49% −0.01
QQQ Invesco QQQ Trust Series 1 Add +0.2% 0.12% −0.01
SCHM Schwab US Mid Cap ETF Add +0.1% 2.76% −0.06
VOO Vanguard S&P 500 ETF Add +1.3% 24.28% −0.55

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