JMG Financial Group, Ltd.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 3, 2025), JMG Financial Group, Ltd. reported 112 stock positions worth $2.9 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 24.8% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 11.7%) and Vanguard Ftse Developed ETF (VEA, 9.8%). Compared with Q3 2024, it sold out of 5, added to 41 and reduced 40. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +0%) and the biggest sale Vanguard GLBL Ex-US Real Est (VNQI, shares −9%).

Most Recent 13F
Q2 2026
Location
DOWNERS GROVE, IL
CIK
0001314404
Portfolio Value
$2.9B (Q4 2024)
SEC Filing
0001314404-25-000001 ↗ filed Feb 3, 2025

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 Q3 2024 Q4 2024: $2.9B $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 112 stocks · $2.9B
VOO Vanguard S&P 500 ETF 24.85% 1,351,949 $728.4M Add +0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 11.74% 1,303,518 $344.3M Add +1.8%
VEA Vanguard Ftse Developed ETF 9.76% 5,984,346 $286.2M Add +2.0%
SCHX Schwab US Large-Cap ETF 6.56% 8,298,426 $192.4M Reduce -1.9%
DFSV Dimensional US Small Cap Val 5.71% 5,438,365 $167.4M Add +4.5%
SPY SS SPDR S&P 500 ETF Trust-US 5.22% 261,129 $153.0M Reduce -1.2%
VWO Vanguard Ftse Emerging Marke 4.11% 2,738,076 $120.6M Add +2.7%
DFGR Dim Global Real Estate ETF 3.48% 3,993,536 $102.0M Add +15.1%
DFIC Dimensional International Co. 3.09% 3,504,084 $90.6M Add +22.4%
SCHF Schwab Intl Equity ETF 2.79% 4,415,143 $81.7M Add +7.8%
IWR iShares Russell Mid-Cap ETF 2.73% 906,460 $80.1M Reduce -2.6%
SCHM Schwab US Mid Cap ETF 2.72% 2,881,771 $79.9M Reduce -1.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 1.90% 281,596 $55.8M Reduce -0.8%
VTI VG Morningstar TS MKT ETF-US 1.58% 160,031 $46.4M Add +2.2%
DFEM Dimensional Emrg MRKT Core 1.56% 1,743,671 $45.7M Add +12.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.50% 162,670 $43.9M Reduce -1.2%
SCHE Schwab Emrg Mrkts Eqty ETF 0.86% 952,101 $25.4M Add +2.2%
IVV iShares Core S&P 500 ETF 0.83% 41,270 $24.3M Add +0.1%
VNQ Vanguard Real Estate ETF 0.70% 229,208 $20.4M Reduce -2.3%
IWP iShares Russell Mid-Cap Grow 0.53% 122,601 $15.5M Reduce -0.7%
IWF iShares Russell 1000 Growth 0.51% 37,473 $15.0M Add +1.0%
IWB iShares Russell 1000 ETF 0.45% 41,395 $13.3M Reduce -0.4%
VEU Vanguard Ftse All-World Ex-U 0.44% 225,690 $13.0M Add +0.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.41% 29,617 $12.2M Reduce -1.1%
IWS iShares Russell Mid-Cap Valu 0.35% 78,533 $10.2M Reduce -1.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.33% 60,244 $9.7M Reduce -0.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.29% 49,638 $8.4M Reduce -3.8%
VNQI Vanguard GLBL Ex-US Real Est 0.28% 207,416 $8.2M Reduce -8.8%
SCHB Schwab US Broad Market ETF 0.27% 342,342 $7.8M Reduce -2.9%
SCHG Schwab US Large-Cap Growth 0.26% 272,259 $7.6M Add +4.3%
IWM iShares Russell 2000 ETF 0.25% 33,490 $7.4M Reduce -0.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.24% 27,204 $6.9M Add +0.1%
DFAS Dimensional US Small Cap ETF 0.20% 89,956 $5.9M Add +2.8%
IWD iShares Russell 1000 Value E 0.16% 25,541 $4.7M Add +0.3%
VB Vanguard Most SM-Cap ETF-Usd 0.16% 19,150 $4.6M Reduce -5.0%
MDY State Street SPDR S&P Midcap 0.14% 7,170 $4.1M Add +2.3%
QQQ Invesco QQQ Trust Series 1 0.13% 7,565 $3.9M Add +3.1%
VIG Vanguard Dividend Apprec ETF 0.13% 19,384 $3.8M Add +5.7%
IUSG iShares Core S&P U.S. Growth 0.12% 26,181 $3.6M No change
IWV iShares Russell 3000 ETF 0.12% 10,285 $3.4M Reduce -3.3%
IJR iShares Core S&P Small-Cap E 0.11% 27,419 $3.2M Add +0.4%
EFA iShares MSCI Eafe ETF 0.11% 41,116 $3.1M Reduce -11.8%
XLK SS Technology Select Sector 0.10% 13,110 $3.0M Add +0.6%
SCHP Schwab U.S. Tips ETF 0.10% 115,659 $3.0M Add +1.2%
SCHZ Schwab US Aggregate Bond ETF 0.10% 124,195 $2.8M Reduce -4.8%
ESGD iShares Trust iShares ESG Aw 0.09% 35,817 $2.7M Reduce -0.1%
VTIP Vanguard Short-Term Tips 0.09% 56,157 $2.7M Reduce -2.8%
MSFT Microsoft Corp. 0.08% 5,617 $2.4M Reduce -0.5%
SCHH Schwab US REIT ETF 0.08% 108,430 $2.3M Reduce -2.1%
BNDX Vanguard Total Intl Bond ETF 0.07% 40,493 $2.0M Reduce -0.5%
IWO iShares Russell 2000 Growth 0.06% 6,603 $1.9M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 3,930 $1.8M No change
AGG iShares Core U.S. Aggregate 0.06% 16,722 $1.6M Add +0.3%
ESGU iShares ESG Aware MSCI USA 0.05% 12,057 $1.6M Add +3.1%
DFAR Dimensional US Real Est ETF 0.05% 65,266 $1.5M Reduce -3.1%
DVY iShares Select Dividend ETF 0.05% 11,298 $1.5M Reduce -0.9%
IVW iShares S&P 500 Growth ETF 0.05% 14,400 $1.5M Add +0.5%
DFIV Dimensional International Va 0.05% 40,971 $1.5M Reduce -1.1%
IEMG iShares Core MSCI Emerging 0.05% 27,295 $1.4M Add +0.1%
ESGE iShares Inc. iShares ESG Awar 0.05% 42,474 $1.4M Reduce -0.9%
IEFA iShares Core MSCI Eafe ETF 0.05% 19,438 $1.4M No change
SCHV Schwab US Large-Cap Value 0.05% 51,401 $1.3M Reduce -5.6%
AAPL Apple Inc. 0.04% 5,201 $1.3M Reduce -4.5%
USMV iShares MSCI USA Min Vol Fac 0.04% 13,710 $1.2M No change
ACWI iShares MSCI Acwi ETF 0.04% 10,000 $1.2M No change
SCHA Schwab US Small-Cap ETF 0.04% 45,388 $1.2M Reduce -1.0%
GOOGL Alphabet Inc. Class A 0.04% 5,740 $1.1M No change
IJH iShares Core S&P Midcap ETF 0.04% 17,268 $1.1M Add +20.4%
SCHD Schwab US DVD Equity ETF 0.04% 38,836 $1.1M Reduce -1.2%
RSP Invesco S&P 500 Equal Weight 0.03% 5,633 $987K Reduce -0.5%
IVE iShares S&P 500 Value ETF 0.03% 5,136 $980K Add +1.8%
EEM iShares MSCI Emerging Market 0.03% 20,523 $858K Add +12.0%
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 6,784 $848K No change
USXF iShares ESG Advance MSCI USA 0.03% 15,843 $788K Reduce -2.4%
IXUS iShares Core Intl Stock ETF 0.03% 11,788 $780K No change
DMXF iShares ESG Advanc MSCI Eafe 0.03% 12,041 $778K Reduce -14.9%
GLD SPDR Gold Shares 0.03% 3,052 $739K No change
IJS iShares S&P Small-Cap 600 Va 0.02% 6,140 $667K Add +0.3%
TDG Transdigm Group Inc. 0.02% 513 $650K No change
IWN iShares Russell 2000 Value E 0.02% 3,803 $624K Reduce -4.5%
EEMV iShares MSCI Emg MKT Min Vol 0.02% 9,881 $573K Add +0.1%
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.02% 6,111 $572K Reduce -18.1%
FNDA Schwab Fndmntl US SM Co. ETF 0.02% 19,122 $568K No change
MA Mastercard Inc. Class A 0.02% 1,018 $536K No change
VT Vanguard Tot World STK ETF 0.02% 4,488 $527K Add +0.0%
AMZN Amazon.com Inc. 0.02% 2,289 $502K Add +2.7%
XOM Exxon Mobil Corp. 0.02% 4,592 $494K Add +8.7%
VXUS Vanguard Total Intl Stock 0.02% 8,197 $483K Add +1.2%
SCZ iShares MSCI Eafe Small-Cap 0.02% 7,501 $456K No change
GSLC Goldman Activebeta US LC ETF 0.01% 3,823 $440K Add +0.1%
BND Vanguard Total Bond Market 0.01% 5,888 $423K Add +0.9%
FNDX Schwab Fndmntl US LRG Co. ETF 0.01% 17,783 $421K Reduce -4.7%
TIP iShares Tips Bond ETF 0.01% 3,822 $407K No change
VONG Vanguard Russell 1000 Growth 0.01% 3,689 $381K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 1,349 $378K Add +24.1%
EFAV iShares MSCI Eafe Min Vol Fa 0.01% 5,231 $370K No change
JNJ Johnson & Johnson 0.01% 2,435 $352K No change
IEI iShares 3-7 Year Treasury Bo 0.01% 2,995 $346K No change
HD Home Depot Inc. 0.01% 850 $331K No change
XLF SS Financial Select Sector 0.01% 6,765 $327K No change
PG The Procter & Gamble Co. 0.01% 1,887 $316K No change
RGLD Royal Gold Inc. 0.01% 2,381 $314K No change
ITOT iShares Core S&P Total U.S. 0.01% 2,376 $306K No change
SDY SS SPDR S&P Dividend ETF 0.01% 2,154 $285K No change
FIS Fidelity National Info Serv 0.01% 3,368 $272K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.01% 7,407 $246K No change
OShares FTSE Russell Small Cap 0.01% 5,579 $244K No change
GOOG Alphabet Inc. Class C 0.01% 1,220 $232K No change
AOR iShares Core 60/40 Balanced 0.01% 3,996 $229K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.01% 4,394 $220K Reduce -36.9%
DGRO iShares Core Dividend Growth 0.01% 3,300 $202K No change
MRK Merck & Co. Inc. 0.01% 2,033 $202K No change

Portfolio Sells Q3 2024 → Q4 2024
VNQI Vanguard GLBL Ex-US Real Est Reduce -8.8% 0.28% −0.08
VNQ Vanguard Real Estate ETF Reduce -2.3% 0.70% −0.08
IWR iShares Russell Mid-Cap ETF Reduce -2.6% 2.73% −0.07
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -0.8% 1.90% −0.04
SCHM Schwab US Mid Cap ETF Reduce -1.1% 2.72% −0.03
EFA iShares MSCI Eafe ETF Reduce -11.8% 0.11% −0.03
VTV Vanguard Mrngstr Val ETF-Aui Reduce -3.8% 0.29% −0.02
IWS iShares Russell Mid-Cap Valu Reduce -1.9% 0.35% −0.02
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -0.1% 0.33% −0.01
VOTE TCW Transform 500 ETF Sold out 0.00% −0.01
ESGD iShares Trust iShares ESG Aw Reduce -0.1% 0.09% −0.01
SCHH Schwab US REIT ETF Reduce -2.1% 0.08% −0.01
SCHZ Schwab US Aggregate Bond ETF Reduce -4.8% 0.10% −0.01
VHT Vanguard Health Care ETF Sold out 0.00% −0.01
DMXF iShares ESG Advanc MSCI Eafe Reduce -14.9% 0.03% −0.01
VCIT Vanguard Int-Term Corporate Sold out 0.00% −0.01
GWX State Street SPDR S&P Intern Sold out 0.00% −0.01
DFAR Dimensional US Real Est ETF Reduce -3.1% 0.05% −0.01
TXN Texas Instruments Inc. Sold out 0.00% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -5.0% 0.16% −0.01
ESGE iShares Inc. iShares ESG Awar Reduce -0.9% 0.05% −0.01
HYS PIMCO 0-5 Year H/Y Corp. Bond Reduce -18.1% 0.02% −0.00
VTEB Vanguard Tax-Exempt Bond ETF Reduce -36.9% 0.01% −0.00
VTIP Vanguard Short-Term Tips Reduce -2.8% 0.09% −0.00
DFIV Dimensional International Va Reduce -1.1% 0.05% −0.00
SCHV Schwab US Large-Cap Value Reduce -5.6% 0.05% −0.00
MSFT Microsoft Corp. Reduce -0.5% 0.08% −0.00
BNDX Vanguard Total Intl Bond ETF Reduce -0.5% 0.07% −0.00
DVY iShares Select Dividend ETF Reduce -0.9% 0.05% −0.00
SCHB Schwab US Broad Market ETF Reduce -2.9% 0.27% −0.00
SCHD Schwab US DVD Equity ETF Reduce -1.2% 0.04% −0.00
IWN iShares Russell 2000 Value E Reduce -4.5% 0.02% −0.00
IWV iShares Russell 3000 ETF Reduce -3.3% 0.12% −0.00
RSP Invesco S&P 500 Equal Weight Reduce -0.5% 0.03% −0.00
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -4.7% 0.01% −0.00
IWM iShares Russell 2000 ETF Reduce -0.0% 0.25% −0.00
USXF iShares ESG Advance MSCI USA Reduce -2.4% 0.03% −0.00
SCHA Schwab US Small-Cap ETF Reduce -1.0% 0.04% −0.00
AAPL Apple Inc. Reduce -4.5% 0.04% +0.00
IWB iShares Russell 1000 ETF Reduce -0.4% 0.45% +0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -1.2% 1.50% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.1% 0.41% +0.02
SCHX Schwab US Large-Cap ETF Reduce -1.9% 6.56% +0.03
IWP iShares Russell Mid-Cap Grow Reduce -0.7% 0.53% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.2% 5.22% +0.04

Portfolio Buys Q3 2024 → Q4 2024
VOO Vanguard S&P 500 ETF Add +0.3% 24.85% +0.56
DFIC Dimensional International Co. Add +22.4% 3.09% +0.34
DFSV Dimensional US Small Cap Val Add +4.5% 5.71% +0.24
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +1.8% 11.74% +0.20
DFEM Dimensional Emrg MRKT Core Add +12.5% 1.56% +0.07
VTI VG Morningstar TS MKT ETF-US Add +2.2% 1.58% +0.07
DFGR Dim Global Real Estate ETF Add +15.1% 3.48% +0.06
IWF iShares Russell 1000 Growth Add +1.0% 0.51% +0.04
SCHG Schwab US Large-Cap Growth Add +4.3% 0.26% +0.03
IVV iShares Core S&P 500 ETF Add +0.1% 0.83% +0.02
QQQ Invesco QQQ Trust Series 1 Add +3.1% 0.13% +0.01
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +0.1% 0.24% +0.01
IJH iShares Core S&P Midcap ETF Add +20.4% 0.04% +0.01
DFAS Dimensional US Small Cap ETF Add +2.8% 0.20% +0.01
VIG Vanguard Dividend Apprec ETF Add +5.7% 0.13% +0.01
XLK SS Technology Select Sector Add +0.6% 0.10% +0.00
IVW iShares S&P 500 Growth ETF Add +0.5% 0.05% +0.00
VBK Van Morst SML-Cap Gro-Usd Inc. Add +24.1% 0.01% +0.00
AMZN Amazon.com Inc. Add +2.7% 0.02% +0.00
MDY State Street SPDR S&P Midcap Add +2.3% 0.14% +0.00
ESGU iShares ESG Aware MSCI USA Add +3.1% 0.05% +0.00
IWO iShares Russell 2000 Growth Add +0.5% 0.06% +0.00
EEM iShares MSCI Emerging Market Add +12.0% 0.03% +0.00
GSLC Goldman Activebeta US LC ETF Add +0.1% 0.01% +0.00
IJS iShares S&P Small-Cap 600 Va Add +0.3% 0.02% +0.00
XOM Exxon Mobil Corp. Add +8.7% 0.02% −0.00
VT Vanguard Tot World STK ETF Add +0.0% 0.02% −0.00
IVE iShares S&P 500 Value ETF Add +1.8% 0.03% −0.00
BND Vanguard Total Bond Market Add +0.9% 0.01% −0.00
IJR iShares Core S&P Small-Cap E Add +0.4% 0.11% −0.00
VXUS Vanguard Total Intl Stock Add +1.2% 0.02% −0.00
EEMV iShares MSCI Emg MKT Min Vol Add +0.1% 0.02% −0.00
AGG iShares Core U.S. Aggregate Add +0.3% 0.06% −0.00
SCHP Schwab U.S. Tips ETF Add +1.2% 0.10% −0.00
IWD iShares Russell 1000 Value E Add +0.3% 0.16% −0.00
IEMG iShares Core MSCI Emerging Add +0.1% 0.05% −0.00
VEU Vanguard Ftse All-World Ex-U Add +0.5% 0.44% −0.04
SCHE Schwab Emrg Mrkts Eqty ETF Add +2.2% 0.86% −0.06
SCHF Schwab Intl Equity ETF Add +7.8% 2.79% −0.09
VWO Vanguard Ftse Emerging Marke Add +2.7% 4.11% −0.25
VEA Vanguard Ftse Developed ETF Add +2.0% 9.76% −0.82

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