JMG Financial Group, Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), JMG Financial Group, Ltd. reported 126 stock positions worth $3.6 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 23.6% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 11.0%) and Vanguard Ftse Developed ETF (VEA, 10.9%). Compared with Q3 2025, it opened 6 new positions, sold out of 2, added to 37 and reduced 52. The biggest buy was Dimensional US Small Cap Val (DFSV, shares +4%) and the biggest sale Schwab US Large-Cap ETF (SCHX, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- DOWNERS GROVE, IL
- CIK
- 0001314404
- Portfolio Value
- $3.6B (Q4 2025)
- SEC Filing
- 0001314404-26-000002 ↗ filed Feb 10, 2026
Holdings Value
Holdings 126 stocks · $3.6B
| VOO Vanguard S&P 500 ETF | 23.61% | 1,339,289 | $839.9M | Reduce -1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 11.02% | 1,350,785 | $392.0M | Add +1.6% |
| VEA Vanguard Ftse Developed ETF | 10.89% | 6,204,833 | $387.6M | Reduce -0.3% |
| SCHX Schwab US Large-Cap ETF | 6.39% | 8,445,906 | $227.3M | Reduce -3.9% |
| DFSV Dimensional US Small Cap Val | 5.39% | 5,832,420 | $191.8M | Add +3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.87% | 254,100 | $173.3M | Reduce -2.7% |
| VWO Vanguard Ftse Emerging Marke | 4.35% | 2,882,279 | $155.0M | Reduce -0.1% |
| DFIC Dimensional International Co. | 4.29% | 4,432,470 | $152.7M | Add +3.3% |
| DFGR Dim Global Real Estate ETF | 4.23% | 5,701,658 | $150.6M | Add +6.5% |
| SCHF Schwab Intl Equity ETF | 2.87% | 4,240,654 | $101.9M | Reduce -1.9% |
| SCHM Schwab US Mid Cap ETF | 2.66% | 3,148,832 | $94.7M | Reduce -2.7% |
| IWR iShares Russell Mid-Cap ETF | 2.35% | 868,158 | $83.6M | Reduce -2.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.31% | 388,085 | $82.2M | Reduce -1.7% |
| DFEM Dimensional Emrg MRKT Core | 1.98% | 2,129,625 | $70.4M | Add +3.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.42% | 150,646 | $50.5M | Reduce -2.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.31% | 147,550 | $46.4M | Reduce -2.9% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.89% | 964,691 | $31.6M | Reduce -5.3% |
| IVV iShares Core S&P 500 ETF | 0.79% | 41,070 | $28.1M | Reduce -1.5% |
| VNQ Vanguard Real Estate ETF | 0.62% | 247,483 | $21.9M | Add +0.2% |
| IWF iShares Russell 1000 Growth | 0.47% | 34,995 | $16.6M | Reduce -2.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.46% | 220,615 | $16.2M | Reduce -1.2% |
| IWP iShares Russell Mid-Cap Grow | 0.44% | 113,520 | $15.5M | Reduce -2.3% |
| IWB iShares Russell 1000 ETF | 0.39% | 36,970 | $13.8M | Reduce -9.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.37% | 26,912 | $13.1M | Reduce -6.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.30% | 59,509 | $10.6M | Reduce -2.2% |
| IWS iShares Russell Mid-Cap Valu | 0.30% | 74,632 | $10.5M | Reduce -1.9% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.27% | 206,702 | $9.5M | Add +0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.26% | 49,185 | $9.4M | Add +1.9% |
| SCHG Schwab US Large-Cap Growth | 0.24% | 259,882 | $8.5M | Reduce -1.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 12,725 | $7.8M | Reduce -0.8% |
| SCHB Schwab US Broad Market ETF | 0.22% | 296,375 | $7.8M | Reduce -8.6% |
| IWM iShares Russell 2000 ETF | 0.22% | 31,219 | $7.7M | Add +2.0% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.20% | 26,029 | $7.3M | Reduce -3.4% |
| DFAS Dimensional US Small Cap ETF | 0.19% | 94,533 | $6.6M | Add +1.2% |
| IWD iShares Russell 1000 Value E | 0.15% | 24,833 | $5.2M | Reduce -2.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 19,782 | $5.1M | Reduce -3.3% |
| IUSG iShares Core S&P U.S. Growth | 0.12% | 26,307 | $4.4M | No change |
| MDY State Street SPDR S&P Midcap | 0.12% | 7,053 | $4.3M | No change |
| EFA iShares MSCI Eafe ETF | 0.12% | 43,803 | $4.2M | Add +4.3% |
| VIG Vanguard Dividend Apprec ETF | 0.11% | 18,526 | $4.1M | Reduce -3.4% |
| XLK SS Technology Select Sector | 0.11% | 26,153 | $3.8M | Reduce -0.3% |
| IVW iShares S&P 500 Growth ETF | 0.10% | 28,132 | $3.5M | Add +0.5% |
| IJR iShares Core S&P Small-Cap E | 0.09% | 27,401 | $3.3M | Add +1.1% |
| IWV iShares Russell 3000 ETF | 0.08% | 7,267 | $2.8M | Reduce -11.9% |
| VTIP Vanguard Short-Term Tips | 0.08% | 55,487 | $2.7M | Add +0.3% |
| ESGD iShares Trust iShares ESG Aw | 0.07% | 27,643 | $2.6M | Reduce -13.6% |
| SCHH Schwab US REIT ETF | 0.07% | 116,416 | $2.4M | Reduce -5.3% |
| SCHP Schwab U.S. Tips ETF | 0.07% | 91,684 | $2.4M | Reduce -20.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.07% | 103,504 | $2.4M | Add +3.5% |
| DFIV Dimensional International Va | 0.07% | 48,474 | $2.4M | Reduce -0.9% |
| IWO iShares Russell 2000 Growth | 0.06% | 6,663 | $2.2M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.06% | 4,201 | $2.1M | Add +1.2% |
| AGG iShares Core U.S. Aggregate | 0.06% | 20,633 | $2.1M | Add +1.0% |
| IWN iShares Russell 2000 Value E | 0.05% | 10,599 | $1.9M | Reduce -0.7% |
| BNDX Vanguard Total Intl Bond ETF | 0.05% | 38,509 | $1.9M | Add +2.5% |
| MSFT Microsoft Corp. | 0.05% | 3,820 | $1.8M | Reduce -30.4% |
| SCHD Schwab US DVD Equity ETF | 0.05% | 66,964 | $1.8M | Reduce -3.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.05% | 20,094 | $1.8M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 0.05% | 5,740 | $1.8M | No change |
| IEMG iShares Core MSCI Emerging | 0.05% | 25,299 | $1.7M | Reduce -8.2% |
| SCHA Schwab US Small-Cap ETF | 0.05% | 57,739 | $1.6M | Add +19.1% |
| DVY iShares Select Dividend ETF | 0.04% | 11,177 | $1.6M | Reduce -0.2% |
| ESGU iShares ESG Aware MSCI USA | 0.04% | 10,399 | $1.5M | Reduce -13.3% |
| DFAR Dimensional US Real Est ETF | 0.04% | 66,832 | $1.5M | Add +1.6% |
| ESGE iShares Inc. iShares ESG Awar | 0.04% | 33,148 | $1.5M | Reduce -12.8% |
| ACWI iShares MSCI Acwi ETF | 0.04% | 10,000 | $1.4M | No change |
| AAPL Apple Inc. | 0.04% | 5,067 | $1.4M | Add +0.0% |
| EEM iShares MSCI Emerging Market | 0.04% | 23,441 | $1.3M | Add +14.9% |
| SCHV Schwab US Large-Cap Value | 0.04% | 42,933 | $1.3M | Add +0.0% |
| USMV iShares MSCI USA Min Vol Fac | 0.03% | 12,847 | $1.2M | No change |
| IJH iShares Core S&P Midcap ETF | 0.03% | 17,491 | $1.2M | Add +18.3% |
| RSP Invesco S&P 500 Equal Weight | 0.03% | 5,877 | $1.1M | No change |
| IXUS iShares Core Intl Stock ETF | 0.03% | 12,362 | $1.0M | No change |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.03% | 7,771 | $1.0M | Add +7.7% |
| GLD SPDR Gold Shares | 0.03% | 2,527 | $1.0M | Add +15.3% |
| SDY SS SPDR S&P Dividend ETF | 0.02% | 6,176 | $859K | Add +186.7% |
| BND Vanguard Total Bond Market | 0.02% | 10,991 | $814K | Add +1.0% |
| IVE iShares S&P 500 Value ETF | 0.02% | 3,783 | $802K | Reduce -2.5% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.02% | 11,283 | $723K | Reduce -0.0% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.02% | 22,774 | $718K | Add +9.2% |
| VT Vanguard Tot World STK ETF | 0.02% | 4,921 | $694K | Reduce -3.9% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.02% | 9,190 | $691K | Reduce -0.5% |
| USXF iShares ESG Advance MSCI USA | 0.02% | 11,633 | $670K | No change |
| TDG Transdigm Group Inc. | 0.02% | 483 | $642K | Reduce -5.8% |
| VXUS Vanguard Total Intl Stock | 0.02% | 8,388 | $633K | Add +0.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.02% | 22,493 | $612K | Add +25.8% |
| SCZ iShares MSCI Eafe Small-Cap | 0.02% | 7,541 | $585K | No change |
| MA Mastercard Inc. Class A | 0.02% | 1,019 | $582K | No change |
| XOM Exxon Mobil Corp. | 0.01% | 4,145 | $499K | No change |
| XLF SS Financial Select Sector | 0.01% | 8,554 | $469K | No change |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.01% | 10,313 | $466K | Add +21.8% |
| COST Costco Wholesale Corp. | 0.01% | 528 | $455K | New |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.01% | 5,231 | $451K | No change |
| VONG Vanguard Russell 1000 Growth | 0.01% | 3,689 | $449K | No change |
| AMZN Amazon.com Inc. | 0.01% | 1,915 | $442K | No change |
| TIP iShares Tips Bond ETF | 0.01% | 4,007 | $440K | Reduce -0.6% |
| IJS iShares S&P Small-Cap 600 Va | 0.01% | 3,842 | $437K | Add +3.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.01% | 3,424 | $390K | No change |
| SPYV SS SPDR P S&P 500 Value ETF | 0.01% | 6,695 | $380K | Add +29.0% |
| GSLC Goldman Activebeta US LC ETF | 0.01% | 2,865 | $379K | Reduce -25.2% |
Portfolio Sells Q3 2025 → Q4 2025
| SCHX Schwab US Large-Cap ETF | Reduce -3.9% | 6.39% | −0.20 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.4% | 2.35% | −0.10 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.1% | 4.35% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.7% | 4.87% | −0.09 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -5.3% | 0.89% | −0.08 |
| SCHM Schwab US Mid Cap ETF | Reduce -2.7% | 2.66% | −0.07 |
| IWB iShares Russell 1000 ETF | Reduce -9.4% | 0.39% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -1.7% | 2.31% | −0.04 |
| IWP iShares Russell Mid-Cap Grow | Reduce -2.3% | 0.44% | −0.03 |
| MSFT Microsoft Corp. | Reduce -30.4% | 0.05% | −0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -2.9% | 1.31% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -6.8% | 0.37% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.6% | 1.42% | −0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -3.4% | 0.20% | −0.02 |
| SCHP Schwab U.S. Tips ETF | Reduce -20.3% | 0.07% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -8.6% | 0.22% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -1.1% | 23.61% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -2.1% | 0.47% | −0.01 |
| ESGD iShares Trust iShares ESG Aw | Reduce -13.6% | 0.07% | −0.01 |
| IWV iShares Russell 3000 ETF | Reduce -11.9% | 0.08% | −0.01 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | Sold out | 0.00% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Reduce -35.9% | 0.01% | −0.01 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.01 |
| SCHH Schwab US REIT ETF | Reduce -5.3% | 0.07% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -1.9% | 0.30% | −0.01 |
| ESGU iShares ESG Aware MSCI USA | Reduce -13.3% | 0.04% | −0.01 |
| ESGE iShares Inc. iShares ESG Awar | Reduce -12.8% | 0.04% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -2.2% | 0.30% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -47.4% | 0.01% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.3% | 0.14% | −0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -8.2% | 0.05% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -1.5% | 0.79% | −0.00 |
| GSLC Goldman Activebeta US LC ETF | Reduce -25.2% | 0.01% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.4% | 0.11% | −0.00 |
| JNJ Johnson & Johnson | Reduce -28.7% | 0.01% | −0.00 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.8% | 0.24% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Reduce -3.4% | 0.05% | −0.00 |
| TDG Transdigm Group Inc. | Reduce -5.8% | 0.02% | −0.00 |
| DVY iShares Select Dividend ETF | Reduce -0.2% | 0.04% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -1.9% | 2.87% | −0.00 |
| VT Vanguard Tot World STK ETF | Reduce -3.9% | 0.02% | −0.00 |
| IWO iShares Russell 2000 Growth | Reduce -0.5% | 0.06% | −0.00 |
| DMXF iShares ESG Advanc MSCI Eafe | Reduce -0.5% | 0.02% | −0.00 |
| TIP iShares Tips Bond ETF | Reduce -0.6% | 0.01% | −0.00 |
| IVE iShares S&P 500 Value ETF | Reduce -2.5% | 0.02% | −0.00 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -0.0% | 0.02% | −0.00 |
| IWD iShares Russell 1000 Value E | Reduce -2.1% | 0.15% | −0.00 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -2.4% | 0.01% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.8% | 0.22% | +0.00 |
| IWN iShares Russell 2000 Value E | Reduce -0.7% | 0.05% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| DFSV Dimensional US Small Cap Val | Add +3.9% | 5.39% | +0.30 |
| DFIC Dimensional International Co. | Add +3.3% | 4.29% | +0.29 |
| DFEM Dimensional Emrg MRKT Core | Add +3.9% | 1.98% | +0.11 |
| DFGR Dim Global Real Estate ETF | Add +6.5% | 4.23% | +0.07 |
| SDY SS SPDR S&P Dividend ETF | Add +186.7% | 0.02% | +0.02 |
| COST Costco Wholesale Corp. | New | 0.01% | +0.01 |
| BPRE Bluerock Private Real Estate | New | 0.01% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +19.1% | 0.05% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.9% | 0.26% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +4.3% | 0.12% | +0.01 |
| UNP Union Pacific Corp. | New | 0.01% | +0.01 |
| AKRE Akre Focus ETF | New | 0.01% | +0.01 |
| GLD SPDR Gold Shares | Add +15.3% | 0.03% | +0.01 |
| EFV iShares MSCI Eafe Value ETF | New | 0.01% | +0.01 |
| MRK Merck & Co. Inc. | New | 0.01% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +2.0% | 0.22% | +0.01 |
| EEM iShares MSCI Emerging Market | Add +14.9% | 0.04% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +18.3% | 0.03% | +0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +25.8% | 0.02% | +0.00 |
| DFAS Dimensional US Small Cap ETF | Add +1.2% | 0.19% | +0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +21.8% | 0.01% | +0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +29.0% | 0.01% | +0.00 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +7.7% | 0.03% | +0.00 |
| AAPL Apple Inc. | Add +0.0% | 0.04% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +9.2% | 0.02% | +0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.6% | 0.05% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +0.5% | 0.10% | +0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Add +3.5% | 0.07% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +1.1% | 0.09% | +0.00 |
| IJS iShares S&P Small-Cap 600 Va | Add +3.2% | 0.01% | +0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +6.5% | 0.01% | +0.00 |
| SCHV Schwab US Large-Cap Value | Add +0.0% | 0.04% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +0.1% | 0.02% | +0.00 |
| FIS Fidelity National Info Serv | Add +1.5% | 0.01% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.2% | 0.06% | −0.00 |
| BND Vanguard Total Bond Market | Add +1.0% | 0.02% | −0.00 |
| AGG iShares Core U.S. Aggregate | Add +1.0% | 0.06% | −0.00 |
| BNDX Vanguard Total Intl Bond ETF | Add +2.5% | 0.05% | −0.00 |
| DFAR Dimensional US Real Est ETF | Add +1.6% | 0.04% | −0.00 |
| VTIP Vanguard Short-Term Tips | Add +0.3% | 0.08% | −0.00 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +0.2% | 0.27% | −0.01 |
| VNQ Vanguard Real Estate ETF | Add +0.2% | 0.62% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.6% | 11.02% | −0.10 |
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 |