JMG Financial Group, Ltd.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), JMG Financial Group, Ltd. reported 127 stock positions worth $3.6 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 22.9% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 11.1%) and Vngrd Mrngstr MD-Cap ETF-Usd (VO, 11.0%). Compared with Q4 2025, it opened 4 new positions, sold out of 3, added to 45 and reduced 44. The biggest buy was Dimensional US Small Cap Val (DFSV, shares +6%) 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
$3.6B (Q1 2026)
SEC Filing
0001314404-26-000003 ↗ filed May 7, 2026

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 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 $3.6B Q1 2026 Q2 2026: $4.1B Q2 2026

Holdings 127 stocks · $3.6B
VOO Vanguard S&P 500 ETF 22.94% 1,394,763 $833.4M Add +4.1%
VEA Vanguard Ftse Developed ETF 11.07% 6,275,829 $402.2M Add +1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 11.04% 1,396,617 $401.1M Add +3.4%
DFSV Dimensional US Small Cap Val 5.97% 6,191,354 $216.9M Add +6.2%
SCHX Schwab US Large-Cap ETF 5.88% 8,333,483 $213.7M Reduce -1.3%
SPY SS SPDR S&P 500 ETF Trust-US 4.72% 263,665 $171.5M Add +3.8%
DFIC Dimensional International Co. 4.68% 4,786,293 $170.1M Add +8.0%
DFGR Dim Global Real Estate ETF 4.64% 6,344,111 $168.6M Add +11.3%
VWO Vanguard Ftse Emerging Marke 4.36% 2,930,327 $158.4M Add +1.7%
SCHF Schwab Intl Equity ETF 2.80% 4,116,077 $101.9M Reduce -2.9%
SCHM Schwab US Mid Cap ETF 2.62% 3,079,700 $95.3M Reduce -2.2%
IWR iShares Russell Mid-Cap ETF 2.45% 916,371 $89.1M Add +5.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 2.35% 392,210 $85.2M Add +1.1%
DFEM Dimensional Emrg MRKT Core 2.20% 2,312,160 $79.9M Add +8.6%
VTI VG Morningstar TS MKT ETF-US 1.33% 150,404 $48.3M Reduce -0.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.21% 147,066 $44.0M Reduce -0.3%
SCHE Schwab Emrg Mrkts Eqty ETF 0.85% 942,824 $31.1M Reduce -2.3%
IVV iShares Core S&P 500 ETF 0.73% 40,441 $26.4M Reduce -1.5%
VNQ Vanguard Real Estate ETF 0.62% 255,079 $22.6M Add +3.1%
VEU Vanguard Ftse All-World Ex-U 0.44% 214,457 $16.1M Reduce -2.8%
IWF iShares Russell 1000 Growth 0.41% 34,919 $14.9M Reduce -0.2%
IWP iShares Russell Mid-Cap Grow 0.40% 114,619 $14.7M Add +1.0%
IWB iShares Russell 1000 ETF 0.36% 36,958 $13.2M Reduce -0.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.32% 26,664 $11.6M Reduce -0.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.30% 58,960 $10.9M Reduce -0.9%
IWS iShares Russell Mid-Cap Valu 0.30% 74,147 $10.8M Reduce -0.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.26% 48,889 $9.6M Reduce -0.6%
VNQI Vanguard GLBL Ex-US Real Est 0.26% 209,001 $9.3M Add +1.1%
SCHB Schwab US Broad Market ETF 0.21% 300,653 $7.5M Add +1.4%
QQQ Invesco QQQ Trust Series 1 0.20% 12,900 $7.4M Add +1.4%
SCHG Schwab US Large-Cap Growth 0.20% 254,821 $7.4M Reduce -1.9%
IWM iShares Russell 2000 ETF 0.20% 29,830 $7.4M Reduce -4.5%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.18% 26,029 $6.7M No change
DFAS Dimensional US Small Cap ETF 0.18% 93,969 $6.7M Reduce -0.6%
VB Vanguard Most SM-Cap ETF-Usd 0.15% 20,355 $5.3M Add +2.9%
IWD iShares Russell 1000 Value E 0.14% 24,365 $5.2M Reduce -1.9%
EFA iShares MSCI Eafe ETF 0.12% 43,676 $4.2M Reduce -0.3%
VIG Vanguard Dividend Apprec ETF 0.12% 19,647 $4.2M Add +6.0%
MDY State Street SPDR S&P Midcap 0.12% 6,786 $4.2M Reduce -3.8%
IUSG iShares Core S&P U.S. Growth 0.11% 26,307 $4.1M No change
DFGX Dimsnl Intr CF in ETF-Usd Inc. 0.11% 76,369 $4.0M New
XLK SS Technology Select Sector 0.10% 26,154 $3.5M Add +0.0%
IJR iShares Core S&P Small-Cap E 0.09% 27,294 $3.4M Reduce -0.4%
VTIP Vanguard Short-Term Tips 0.08% 56,822 $2.8M Add +2.4%
DFIV Dimensional International Va 0.08% 52,880 $2.8M Add +9.1%
IWV iShares Russell 3000 ETF 0.07% 7,234 $2.7M Reduce -0.5%
ESGD iShares Trust iShares ESG Aw 0.07% 27,688 $2.6M Add +0.2%
SCHP Schwab U.S. Tips ETF 0.07% 91,020 $2.4M Reduce -0.7%
SCHH Schwab US REIT ETF 0.06% 109,682 $2.4M Reduce -5.8%
SCHD Schwab US DVD Equity ETF 0.06% 76,169 $2.3M Add +13.8%
SCHZ Schwab US Aggregate Bond ETF 0.06% 99,754 $2.3M Reduce -3.6%
VXUS Vanguard Total Intl Stock 0.06% 28,619 $2.2M Add +241.2%
IWO iShares Russell 2000 Growth 0.06% 6,663 $2.1M No change
IWN iShares Russell 2000 Value E 0.06% 10,599 $2.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 4,151 $2.0M Reduce -1.2%
BNDX Vanguard Total Intl Bond ETF 0.05% 38,937 $1.9M Add +1.1%
AGG iShares Core U.S. Aggregate 0.05% 18,713 $1.9M Reduce -9.3%
IEFA iShares Core MSCI Eafe ETF 0.05% 20,303 $1.8M Add +1.0%
IEMG iShares Core MSCI Emerging 0.05% 25,583 $1.8M Add +1.1%
IVW iShares S&P 500 Growth ETF 0.05% 15,572 $1.8M Reduce -44.6%
DVY iShares Select Dividend ETF 0.05% 11,177 $1.7M No change
DFAR Dimensional US Real Est ETF 0.05% 69,444 $1.6M Add +3.9%
SCHA Schwab US Small-Cap ETF 0.05% 56,404 $1.6M Reduce -2.3%
GOOGL Alphabet Inc. Class A 0.04% 5,640 $1.6M Reduce -1.7%
EEM iShares MSCI Emerging Market 0.04% 27,606 $1.6M Add +17.8%
ESGE iShares Inc. iShares ESG Awar 0.04% 33,333 $1.5M Add +0.6%
ESGU iShares ESG Aware MSCI USA 0.04% 10,300 $1.5M Reduce -0.9%
ACWI iShares MSCI Acwi ETF 0.04% 10,000 $1.4M No change
MSFT Microsoft Corp. 0.04% 3,569 $1.3M Reduce -6.6%
SCHV Schwab US Large-Cap Value 0.04% 42,939 $1.3M Add +0.0%
AAPL Apple Inc. 0.04% 5,102 $1.3M Add +0.7%
IJH iShares Core S&P Midcap ETF 0.03% 17,785 $1.2M Add +1.7%
USMV iShares MSCI USA Min Vol Fac 0.03% 12,847 $1.2M No change
IXUS iShares Core Intl Stock ETF 0.03% 13,234 $1.1M Add +7.0%
RSP Invesco S&P 500 Equal Weight 0.03% 5,877 $1.1M No change
GLD SPDR Gold Shares 0.03% 2,527 $1.1M No change
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 7,771 $1.0M No change
BND Vanguard Total Bond Market 0.02% 11,056 $814K Add +0.6%
IVE iShares S&P 500 Value ETF 0.02% 3,783 $799K No change
FNDA Schwab Fndmntl US SM Co. ETF 0.02% 22,990 $746K Add +0.9%
EEMV iShares MSCI Emg MKT Min Vol 0.02% 11,283 $730K No change
DMXF iShares ESG Advanc MSCI Eafe 0.02% 9,229 $696K Add +0.4%
XOM Exxon Mobil Corp. 0.02% 4,084 $693K Reduce -1.5%
VT Vanguard Tot World STK ETF 0.02% 4,980 $689K Add +1.2%
USXF iShares ESG Advance MSCI USA 0.02% 11,633 $642K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 22,545 $628K Add +0.2%
SCZ iShares MSCI Eafe Small-Cap 0.02% 7,519 $590K Reduce -0.3%
VONG Vanguard Russell 1000 Growth 0.01% 4,836 $530K Add +31.1%
COST Costco Wholesale Corp. 0.01% 528 $526K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.01% 10,526 $515K Add +2.1%
ITOT iShares Core S&P Total U.S. 0.01% 3,608 $514K Add +51.9%
MA Mastercard Inc. Class A 0.01% 1,019 $509K No change
XLF SS Financial Select Sector 0.01% 10,054 $496K Add +17.5%
EFAV iShares MSCI Eafe Min Vol Fa 0.01% 5,231 $478K No change
TDG Transdigm Group Inc. 0.01% 406 $471K Reduce -15.9%
IJS iShares S&P Small-Cap 600 Va 0.01% 3,767 $446K Reduce -1.9%
TIP iShares Tips Bond ETF 0.01% 3,930 $434K Reduce -1.9%
JNJ Johnson & Johnson 0.01% 1,652 $404K No change
AMZN Amazon.com Inc. 0.01% 1,915 $399K No change
SPYV SS SPDR P S&P 500 Value ETF 0.01% 6,695 $379K No change
IEI iShares 3-7 Year Treasury Bo 0.01% 2,995 $355K No change
DLN Wisdomtree US Largecap Divid 0.01% 3,902 $349K No change
GSLC Goldman Activebeta US LC ETF 0.01% 2,675 $335K Reduce -6.6%
MRK Merck & Co. Inc. 0.01% 2,777 $334K Add +44.3%
BPRE Bluerock Private Real Estate 0.01% 19,844 $330K Reduce -4.5%
GOOG Alphabet Inc. Class C 0.01% 1,120 $321K No change
SDY SS SPDR S&P Dividend ETF 0.01% 2,154 $314K Reduce -65.1%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 826 $304K No change
HD Home Depot Inc. 0.01% 850 $280K No change
EFG iShares MSCI Eafe Growth ETF 0.01% 2,411 $269K Reduce -29.6%
GWX State Street SPDR S&P Intern 0.01% 6,329 $267K No change
VPU Vanguard Utilities ETF 0.01% 1,342 $266K No change
PG The Procter & Gamble Co. 0.01% 1,837 $265K Reduce -2.6%
AOR iShares Core 60/40 Balanced 0.01% 3,996 $257K No change
DFAI Dimensional International Co. 0.01% 6,479 $252K New
OShares FTSE Russell Small Cap 0.01% 5,579 $244K No change
UNP Union Pacific Corp. 0.01% 1,000 $243K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.01% 5,271 $241K No change
DGRO iShares Core Dividend Growth 0.01% 3,300 $232K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 758 $229K Reduce -18.9%
NEE Nextera Energy Inc. 0.01% 2,432 $226K New
IBIT iShares Bitcoin Trust ETF 0.01% 5,825 $224K Add +9.1%
IVOV Vanguard S&P Mid-Cap 400 Val 0.01% 2,086 $213K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.01% 2,136 $209K No change
EFV iShares MSCI Eafe Value ETF 0.01% 2,809 $209K Reduce -1.3%
ACWV iShares MSCI Global Min Vol 0.01% 1,738 $208K No change
RGLD Royal Gold Inc. 0.01% 813 $207K New

Portfolio Sells Q4 2025 → Q1 2026
SCHX Schwab US Large-Cap ETF Reduce -1.3% 5.88% −0.51
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -0.3% 1.21% −0.10
VTI VG Morningstar TS MKT ETF-US Reduce -0.2% 1.33% −0.09
IVV iShares Core S&P 500 ETF Reduce -1.5% 0.73% −0.06
SCHF Schwab Intl Equity ETF Reduce -2.9% 2.80% −0.06
IWF iShares Russell 1000 Growth Reduce -0.2% 0.41% −0.06
IVW iShares S&P 500 Growth ETF Reduce -44.6% 0.05% −0.05
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.9% 0.32% −0.05
SCHM Schwab US Mid Cap ETF Reduce -2.2% 2.62% −0.04
SCHG Schwab US Large-Cap Growth Reduce -1.9% 0.20% −0.03
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -2.3% 0.85% −0.03
IWB iShares Russell 1000 ETF Reduce -0.0% 0.36% −0.03
MSFT Microsoft Corp. Reduce -6.6% 0.04% −0.02
SDY SS SPDR S&P Dividend ETF Reduce -65.1% 0.01% −0.02
VEU Vanguard Ftse All-World Ex-U Reduce -2.8% 0.44% −0.01
IWM iShares Russell 2000 ETF Reduce -4.5% 0.20% −0.01
AGG iShares Core U.S. Aggregate Reduce -9.3% 0.05% −0.01
FIS Fidelity National Info Serv Sold out 0.00% −0.01
VTEB Vanguard Tax-Exempt Bond ETF Sold out 0.00% −0.01
AKRE Akre Focus ETF Sold out 0.00% −0.01
GOOGL Alphabet Inc. Class A Reduce -1.7% 0.04% −0.01
IWV iShares Russell 3000 ETF Reduce -0.5% 0.07% −0.01
TDG Transdigm Group Inc. Reduce -15.9% 0.01% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.2% 0.05% −0.00
MDY State Street SPDR S&P Midcap Reduce -3.8% 0.12% −0.00
SCHZ Schwab US Aggregate Bond ETF Reduce -3.6% 0.06% −0.00
EFG iShares MSCI Eafe Growth ETF Reduce -29.6% 0.01% −0.00
IWD iShares Russell 1000 Value E Reduce -1.9% 0.14% −0.00
SCHH Schwab US REIT ETF Reduce -5.8% 0.06% −0.00
ESGU iShares ESG Aware MSCI USA Reduce -0.9% 0.04% −0.00
SCHP Schwab U.S. Tips ETF Reduce -0.7% 0.07% −0.00
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -18.9% 0.01% −0.00
EFA iShares MSCI Eafe ETF Reduce -0.3% 0.12% −0.00
GSLC Goldman Activebeta US LC ETF Reduce -6.6% 0.01% −0.00
DFAS Dimensional US Small Cap ETF Reduce -0.6% 0.18% −0.00
SCHA Schwab US Small-Cap ETF Reduce -2.3% 0.05% −0.00
TIP iShares Tips Bond ETF Reduce -1.9% 0.01% −0.00
PG The Procter & Gamble Co. Reduce -2.6% 0.01% −0.00
SCZ iShares MSCI Eafe Small-Cap Reduce -0.3% 0.02% −0.00
IJS iShares S&P Small-Cap 600 Va Reduce -1.9% 0.01% 0.00
EFV iShares MSCI Eafe Value ETF Reduce -1.3% 0.01% 0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.6% 0.26% 0.00
BPRE Bluerock Private Real Estate Reduce -4.5% 0.01% +0.00
IJR iShares Core S&P Small-Cap E Reduce -0.4% 0.09% +0.00
IWS iShares Russell Mid-Cap Valu Reduce -0.7% 0.30% +0.00
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -0.9% 0.30% +0.00
XOM Exxon Mobil Corp. Reduce -1.5% 0.02% +0.01

Portfolio Buys Q4 2025 → Q1 2026
DFSV Dimensional US Small Cap Val Add +6.2% 5.97% +0.58
DFGR Dim Global Real Estate ETF Add +11.3% 4.64% +0.41
DFIC Dimensional International Co. Add +8.0% 4.68% +0.39
DFEM Dimensional Emrg MRKT Core Add +8.6% 2.20% +0.22
VEA Vanguard Ftse Developed ETF Add +1.1% 11.07% +0.17
DFGX Dimsnl Intr CF in ETF-Usd Inc. New 0.11% +0.11
IWR iShares Russell Mid-Cap ETF Add +5.5% 2.45% +0.10
VXUS Vanguard Total Intl Stock Add +241.2% 0.06% +0.04
VBR Vngrd Mrngst SL-CP Val ETF-U Add +1.1% 2.35% +0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +3.4% 11.04% +0.02
SCHD Schwab US DVD Equity ETF Add +13.8% 0.06% +0.01
DFIV Dimensional International Va Add +9.1% 0.08% +0.01
VNQ Vanguard Real Estate ETF Add +3.1% 0.62% +0.01
EEM iShares MSCI Emerging Market Add +17.8% 0.04% +0.01
DFAI Dimensional International Co. New 0.01% +0.01
NEE Nextera Energy Inc. New 0.01% +0.01
RGLD Royal Gold Inc. New 0.01% +0.01
VWO Vanguard Ftse Emerging Marke Add +1.7% 4.36% +0.00
ITOT iShares Core S&P Total U.S. Add +51.9% 0.01% +0.00
MRK Merck & Co. Inc. Add +44.3% 0.01% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +2.9% 0.15% +0.00
DFAR Dimensional US Real Est ETF Add +3.9% 0.05% +0.00
IXUS iShares Core Intl Stock ETF Add +7.0% 0.03% +0.00
VONG Vanguard Russell 1000 Growth Add +31.1% 0.01% +0.00
VIG Vanguard Dividend Apprec ETF Add +6.0% 0.12% +0.00
IEMG iShares Core MSCI Emerging Add +1.1% 0.05% +0.00
FNDF Schwab Fndmn Intl LRG Co. ETF Add +2.1% 0.01% +0.00
VTIP Vanguard Short-Term Tips Add +2.4% 0.08% +0.00
IJH iShares Core S&P Midcap ETF Add +1.7% 0.03% +0.00
ESGE iShares Inc. iShares ESG Awar Add +0.6% 0.04% +0.00
XLF SS Financial Select Sector Add +17.5% 0.01% +0.00
FNDA Schwab Fndmntl US SM Co. ETF Add +0.9% 0.02% +0.00
SCHV Schwab US Large-Cap Value Add +0.0% 0.04% +0.00
IEFA iShares Core MSCI Eafe ETF Add +1.0% 0.05% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +0.2% 0.02% +0.00
DMXF iShares ESG Advanc MSCI Eafe Add +0.4% 0.02% −0.00
BND Vanguard Total Bond Market Add +0.6% 0.02% −0.00
VT Vanguard Tot World STK ETF Add +1.2% 0.02% −0.00
BNDX Vanguard Total Intl Bond ETF Add +1.1% 0.05% −0.00
ESGD iShares Trust iShares ESG Aw Add +0.2% 0.07% −0.00
IBIT iShares Bitcoin Trust ETF Add +9.1% 0.01% −0.00
AAPL Apple Inc. Add +0.7% 0.04% −0.00
XLK SS Technology Select Sector Add +0.0% 0.10% −0.01
VNQI Vanguard GLBL Ex-US Real Est Add +1.1% 0.26% −0.01
SCHB Schwab US Broad Market ETF Add +1.4% 0.21% −0.01
QQQ Invesco QQQ Trust Series 1 Add +1.4% 0.20% −0.01
IWP iShares Russell Mid-Cap Grow Add +1.0% 0.40% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +3.8% 4.72% −0.15
VOO Vanguard S&P 500 ETF Add +4.1% 22.94% −0.67

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