JMG Financial Group, Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), JMG Financial Group, Ltd. reported 124 stock positions worth $3.3 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 23.4% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 11.2%) and Vanguard Ftse Developed ETF (VEA, 10.9%). Compared with Q1 2025, it opened 7 new positions, sold out of 3, added to 43 and reduced 40. The biggest buy was Schwab US Large-Cap ETF (SCHX, shares +12%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- DOWNERS GROVE, IL
- CIK
- 0001314404
- Portfolio Value
- $3.3B (Q2 2025)
- SEC Filing
- 0001314404-25-000003 ↗ filed Aug 12, 2025
Holdings Value
Holdings 124 stocks · $3.3B
| VOO Vanguard S&P 500 ETF | 23.40% | 1,358,788 | $771.8M | Reduce -2.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 11.25% | 1,325,765 | $371.0M | Reduce -1.4% |
| VEA Vanguard Ftse Developed ETF | 10.86% | 6,281,277 | $358.1M | Add +1.8% |
| SCHX Schwab US Large-Cap ETF | 6.73% | 9,081,052 | $221.9M | Add +11.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.99% | 266,609 | $164.7M | Add +5.0% |
| DFSV Dimensional US Small Cap Val | 4.84% | 5,430,032 | $159.8M | Reduce -6.7% |
| VWO Vanguard Ftse Emerging Marke | 4.33% | 2,889,057 | $142.9M | Add +0.5% |
| DFGR Dim Global Real Estate ETF | 4.06% | 4,996,700 | $134.1M | Add +4.2% |
| DFIC Dimensional International Co. | 3.92% | 4,155,387 | $129.2M | Add +1.3% |
| SCHF Schwab Intl Equity ETF | 2.95% | 4,403,203 | $97.3M | Add +0.4% |
| SCHM Schwab US Mid Cap ETF | 2.80% | 3,298,197 | $92.5M | Add +14.7% |
| IWR iShares Russell Mid-Cap ETF | 2.53% | 908,254 | $83.5M | Add +2.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.35% | 397,979 | $77.6M | Add +39.1% |
| DFEM Dimensional Emrg MRKT Core | 1.77% | 1,969,332 | $58.4M | Add +0.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.49% | 162,125 | $49.3M | Add +2.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.32% | 153,000 | $43.7M | Reduce -0.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.97% | 1,058,272 | $31.9M | Add +14.0% |
| IVV iShares Core S&P 500 ETF | 0.77% | 41,062 | $25.5M | Add +1.4% |
| VNQ Vanguard Real Estate ETF | 0.67% | 249,911 | $22.3M | Reduce -0.8% |
| IWP iShares Russell Mid-Cap Grow | 0.50% | 119,265 | $16.5M | Reduce -0.4% |
| IWF iShares Russell 1000 Growth | 0.47% | 36,500 | $15.5M | Reduce -0.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.46% | 224,959 | $15.1M | Reduce -2.2% |
| IWB iShares Russell 1000 ETF | 0.42% | 41,036 | $13.9M | Reduce -0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.39% | 29,125 | $12.8M | Reduce -1.9% |
| IWS iShares Russell Mid-Cap Valu | 0.31% | 78,414 | $10.4M | Reduce -0.5% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.30% | 60,337 | $9.9M | Add +0.1% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.28% | 199,457 | $9.2M | Add +0.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.26% | 48,663 | $8.6M | Reduce -0.7% |
| SCHB Schwab US Broad Market ETF | 0.24% | 332,891 | $7.9M | Reduce -2.1% |
| SCHG Schwab US Large-Cap Growth | 0.23% | 264,699 | $7.7M | Reduce -2.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.23% | 27,073 | $7.7M | Reduce -0.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 12,522 | $6.9M | Add +49.6% |
| IWM iShares Russell 2000 ETF | 0.20% | 30,556 | $6.6M | Reduce -4.6% |
| DFAS Dimensional US Small Cap ETF | 0.18% | 93,365 | $5.9M | Add +4.7% |
| IWD iShares Russell 1000 Value E | 0.15% | 25,416 | $4.9M | Add +0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.15% | 20,267 | $4.8M | Add +9.5% |
| MDY State Street SPDR S&P Midcap | 0.12% | 7,218 | $4.1M | Reduce -0.2% |
| IUSG iShares Core S&P U.S. Growth | 0.12% | 26,181 | $3.9M | No change |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 18,825 | $3.9M | Reduce -2.7% |
| EFA iShares MSCI Eafe ETF | 0.11% | 40,178 | $3.6M | Reduce -1.8% |
| XLK SS Technology Select Sector | 0.10% | 13,110 | $3.3M | No change |
| IVW iShares S&P 500 Growth ETF | 0.09% | 28,005 | $3.1M | Add +3.9% |
| SCHP Schwab U.S. Tips ETF | 0.09% | 111,823 | $3.0M | Add +4.1% |
| IJR iShares Core S&P Small-Cap E | 0.09% | 26,831 | $2.9M | Add +0.3% |
| IWV iShares Russell 3000 ETF | 0.09% | 8,349 | $2.9M | Reduce -18.8% |
| VTIP Vanguard Short-Term Tips | 0.09% | 56,785 | $2.9M | Add +2.8% |
| ESGD iShares Trust iShares ESG Aw | 0.09% | 31,974 | $2.9M | Reduce -3.1% |
| MSFT Microsoft Corp. | 0.09% | 5,732 | $2.9M | Reduce -1.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.08% | 116,995 | $2.7M | Reduce -0.3% |
| SCHH Schwab US REIT ETF | 0.08% | 122,020 | $2.6M | Add +0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.06% | 4,242 | $2.1M | Reduce -0.7% |
| AGG iShares Core U.S. Aggregate | 0.06% | 19,242 | $1.9M | Add +187.8% |
| IWO iShares Russell 2000 Growth | 0.06% | 6,603 | $1.9M | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.05% | 36,599 | $1.8M | Reduce -11.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.05% | 20,801 | $1.7M | Add +7.0% |
| DFIV Dimensional International Va | 0.05% | 40,031 | $1.7M | Add +1.2% |
| IWN iShares Russell 2000 Value E | 0.05% | 10,526 | $1.7M | Add +176.8% |
| IEMG iShares Core MSCI Emerging | 0.05% | 27,640 | $1.7M | Add +0.2% |
| ESGU iShares ESG Aware MSCI USA | 0.05% | 12,122 | $1.6M | Reduce -3.4% |
| DFAR Dimensional US Real Est ETF | 0.05% | 64,510 | $1.5M | Reduce -1.2% |
| DVY iShares Select Dividend ETF | 0.05% | 11,298 | $1.5M | No change |
| ESGE iShares Inc. iShares ESG Awar | 0.05% | 37,947 | $1.5M | Add +0.3% |
| ACWI iShares MSCI Acwi ETF | 0.04% | 10,000 | $1.3M | No change |
| SCHA Schwab US Small-Cap ETF | 0.04% | 47,817 | $1.2M | Reduce -0.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.04% | 12,847 | $1.2M | No change |
| SCHV Schwab US Large-Cap Value | 0.04% | 42,918 | $1.2M | Reduce -8.0% |
| RSP Invesco S&P 500 Equal Weight | 0.03% | 5,877 | $1.1M | No change |
| SCHD Schwab US DVD Equity ETF | 0.03% | 40,069 | $1.1M | Add +8.9% |
| AAPL Apple Inc. | 0.03% | 5,070 | $1.0M | Reduce -4.9% |
| GOOGL Alphabet Inc. Class A | 0.03% | 5,740 | $1.0M | No change |
| EEM iShares MSCI Emerging Market | 0.03% | 20,557 | $992K | Add +0.2% |
| IJH iShares Core S&P Midcap ETF | 0.03% | 15,618 | $969K | No change |
| IXUS iShares Core Intl Stock ETF | 0.03% | 12,362 | $956K | Add +4.9% |
| IVE iShares S&P 500 Value ETF | 0.03% | 4,213 | $823K | Reduce -11.7% |
| BND Vanguard Total Bond Market | 0.02% | 10,875 | $801K | Add +0.1% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.02% | 6,471 | $800K | Reduce -3.2% |
| TDG Transdigm Group Inc. | 0.02% | 513 | $780K | No change |
| NFLX Netflix Inc. | 0.02% | 578 | $774K | New |
| EEMV iShares MSCI Emg MKT Min Vol | 0.02% | 11,234 | $705K | Add +13.7% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.02% | 9,348 | $696K | No change |
| GLD SPDR Gold Shares | 0.02% | 2,192 | $668K | Reduce -28.2% |
| VT Vanguard Tot World STK ETF | 0.02% | 5,120 | $658K | Add +14.1% |
| USXF iShares ESG Advance MSCI USA | 0.02% | 11,633 | $627K | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.02% | 20,850 | $597K | Reduce -8.1% |
| VXUS Vanguard Total Intl Stock | 0.02% | 8,422 | $582K | Add +2.7% |
| MA Mastercard Inc. Class A | 0.02% | 1,019 | $572K | Add +0.1% |
| SCZ iShares MSCI Eafe Small-Cap | 0.02% | 7,501 | $545K | No change |
| AMZN Amazon.com Inc. | 0.01% | 2,140 | $469K | Reduce -8.3% |
| IJS iShares S&P Small-Cap 600 Va | 0.01% | 4,707 | $468K | Add +6.0% |
| GSLC Goldman Activebeta US LC ETF | 0.01% | 3,827 | $465K | Add +0.0% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.01% | 4,862 | $462K | Reduce -21.1% |
| XLF SS Financial Select Sector | 0.01% | 8,554 | $448K | No change |
| XOM Exxon Mobil Corp. | 0.01% | 4,145 | $447K | Reduce -0.1% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.01% | 5,231 | $440K | No change |
| TIP iShares Tips Bond ETF | 0.01% | 3,832 | $422K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.01% | 16,538 | $406K | Reduce -10.7% |
| VONG Vanguard Russell 1000 Growth | 0.01% | 3,689 | $403K | No change |
| GOOG Alphabet Inc. Class C | 0.01% | 2,216 | $393K | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.01% | 1,341 | $389K | New |
| META Meta Platforms Inc. Class A | 0.01% | 494 | $364K | Add +0.2% |
Portfolio Sells Q1 2025 → Q2 2025
| VOO Vanguard S&P 500 ETF | Reduce -2.4% | 23.40% | −0.73 |
| DFSV Dimensional US Small Cap Val | Reduce -6.7% | 4.84% | −0.68 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.4% | 11.25% | −0.49 |
| VNQ Vanguard Real Estate ETF | Reduce -0.8% | 0.67% | −0.09 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.7% | 0.26% | −0.02 |
| IWV iShares Russell 3000 ETF | Reduce -18.8% | 0.09% | −0.02 |
| IWS iShares Russell Mid-Cap Valu | Reduce -0.5% | 0.31% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -4.6% | 0.20% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 0.06% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -11.0% | 0.05% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -2.2% | 0.46% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.6% | 1.32% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.7% | 0.12% | −0.01 |
| GLD SPDR Gold Shares | Reduce -28.2% | 0.02% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -0.3% | 0.08% | −0.01 |
| AAPL Apple Inc. | Reduce -4.9% | 0.03% | −0.01 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.01 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.01 |
| DFAR Dimensional US Real Est ETF | Reduce -1.2% | 0.05% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -2.1% | 0.24% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -0.2% | 0.12% | −0.01 |
| SCHV Schwab US Large-Cap Value | Reduce -8.0% | 0.04% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -11.7% | 0.03% | −0.01 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | Reduce -21.1% | 0.01% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -36.7% | 0.01% | −0.00 |
| RGLD Royal Gold Inc. | Reduce -33.6% | 0.01% | −0.00 |
| ESGD iShares Trust iShares ESG Aw | Reduce -3.1% | 0.09% | −0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -1.8% | 0.11% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -0.1% | 0.01% | −0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -8.1% | 0.02% | −0.00 |
| IWB iShares Russell 1000 ETF | Reduce -0.1% | 0.42% | −0.00 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -3.2% | 0.02% | −0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -10.7% | 0.01% | −0.00 |
| ESGU iShares ESG Aware MSCI USA | Reduce -3.4% | 0.05% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.9% | 0.04% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -8.3% | 0.01% | −0.00 |
| Vantage Drilling Company | Sold out | 0.00% | 0.00 |
| SCHG Schwab US Large-Cap Growth | Reduce -2.1% | 0.23% | +0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -0.0% | 0.23% | +0.01 |
| MSFT Microsoft Corp. | Reduce -1.1% | 0.09% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.9% | 0.39% | +0.02 |
| IWF iShares Russell 1000 Growth | Reduce -0.4% | 0.47% | +0.02 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.4% | 0.50% | +0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHX Schwab US Large-Cap ETF | Add +11.5% | 6.73% | +0.66 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +39.1% | 2.35% | +0.56 |
| VEA Vanguard Ftse Developed ETF | Add +1.8% | 10.86% | +0.27 |
| SCHM Schwab US Mid Cap ETF | Add +14.7% | 2.80% | +0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.0% | 4.99% | +0.20 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +14.0% | 0.97% | +0.10 |
| QQQ Invesco QQQ Trust Series 1 | Add +49.6% | 0.21% | +0.08 |
| DFIC Dimensional International Co. | Add +1.3% | 3.92% | +0.07 |
| AGG iShares Core U.S. Aggregate | Add +187.8% | 0.06% | +0.04 |
| IWN iShares Russell 2000 Value E | Add +176.8% | 0.05% | +0.03 |
| DFEM Dimensional Emrg MRKT Core | Add +0.8% | 1.77% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.4% | 1.49% | +0.03 |
| SCHF Schwab Intl Equity ETF | Add +0.4% | 2.95% | +0.03 |
| NFLX Netflix Inc. | New | 0.02% | +0.02 |
| JPM JPMorgan Chase & Co. | New | 0.01% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | New | 0.01% | +0.01 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +0.9% | 0.28% | +0.01 |
| IVW iShares S&P 500 Growth ETF | Add +3.9% | 0.09% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +9.5% | 0.15% | +0.01 |
| ACWV iShares MSCI Global Min Vol | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | New | 0.01% | +0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.01% | +0.01 |
| TXN Texas Instruments Inc. | New | 0.01% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +1.4% | 0.77% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.0% | 0.05% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +14.1% | 0.02% | +0.00 |
| EEMV iShares MSCI Emg MKT Min Vol | Add +13.7% | 0.02% | +0.00 |
| META Meta Platforms Inc. Class A | Add +0.2% | 0.01% | +0.00 |
| IXUS iShares Core Intl Stock ETF | Add +4.9% | 0.03% | +0.00 |
| DFAS Dimensional US Small Cap ETF | Add +4.7% | 0.18% | +0.00 |
| ESGE iShares Inc. iShares ESG Awar | Add +0.3% | 0.05% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +2.7% | 0.02% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.01% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +0.2% | 0.05% | +0.00 |
| GSLC Goldman Activebeta US LC ETF | Add +0.0% | 0.01% | −0.00 |
| EEM iShares MSCI Emerging Market | Add +0.2% | 0.03% | −0.00 |
| IJS iShares S&P Small-Cap 600 Va | Add +6.0% | 0.01% | −0.00 |
| DFIV Dimensional International Va | Add +1.2% | 0.05% | −0.00 |
| MA Mastercard Inc. Class A | Add +0.1% | 0.02% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Add +8.9% | 0.03% | −0.00 |
| BND Vanguard Total Bond Market | Add +0.1% | 0.02% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +2.8% | 2.53% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.3% | 0.09% | −0.01 |
| VTIP Vanguard Short-Term Tips | Add +2.8% | 0.09% | −0.01 |
| SCHP Schwab U.S. Tips ETF | Add +4.1% | 0.09% | −0.01 |
| SCHH Schwab US REIT ETF | Add +0.9% | 0.08% | −0.01 |
| IWD iShares Russell 1000 Value E | Add +0.2% | 0.15% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +0.1% | 0.30% | −0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +0.5% | 4.33% | −0.06 |
| DFGR Dim Global Real Estate ETF | Add +4.2% | 4.06% | −0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 137 | $4.1B | VOO, VO, VEA, SCHX, DFSV |
| Q1 2026 | 127 | $3.6B | VOO, VEA, VO, DFSV, SCHX |
| Q4 2025 | 126 | $3.6B | VOO, VO, VEA, SCHX, DFSV |
| Q3 2025 | 122 | $3.5B | VOO, VO, VEA, SCHX, DFSV |
| Q2 2025 | 124 | $3.3B | VOO, VO, VEA, SCHX, SPY |
| Q1 2025 | 120 | $3.0B | VOO, VO, VEA, SCHX, DFSV |
| Q4 2024 | 112 | $2.9B | VOO, VO, VEA, SCHX, DFSV |
| Q3 2024 | 117 | $2.9B | VOO, VO, VEA, SCHX, DFSV |
| Q2 2024 | 117 | $2.7B | VOO, VO, VEA, SCHX, SPY |
| Q1 2024 | 120 | $2.6B | VOO, VO, VEA, SCHX, SPY |