JMG Financial Group, Ltd.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), JMG Financial Group, Ltd. reported 137 stock positions worth $4.1 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 23.3% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 11.0%) and Vanguard Ftse Developed ETF (VEA, 10.8%). Compared with Q1 2026, it opened 13 new positions, sold out of 3, added to 38 and reduced 53. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +1%) and the biggest sale Vanguard Ftse Developed ETF (VEA, shares −0%).

Most Recent 13F
Q2 2026
Location
DOWNERS GROVE, IL
CIK
0001314404
Portfolio Value
$4.1B (Q2 2026)
SEC Filing
0001314404-26-000004 ↗ filed Jul 31, 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 Q1 2026 Q2 2026: $4.1B $4.1B Q2 2026

Holdings 137 stocks · $4.1B
VOO Vanguard S&P 500 ETF 23.34% 1,406,914 $966.3M Add +0.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 10.99% 5,646,613 $454.9M Add +1.1%
VEA Vanguard Ftse Developed ETF 10.76% 6,253,672 $445.6M Reduce -0.3%
SCHX Schwab US Large-Cap ETF 5.93% 8,334,300 $245.3M Add +0.0%
DFSV Dimensional US Small Cap Val 5.91% 6,311,245 $244.8M Add +1.9%
SPY SS SPDR S&P 500 ETF Trust-US 4.75% 263,441 $196.7M Reduce -0.1%
DFGR Dim Global Real Estate ETF 4.70% 6,710,457 $194.4M Add +5.8%
DFIC Dimensional International Co. 4.48% 4,973,487 $185.3M Add +3.9%
VWO Vanguard Ftse Emerging Marke 4.18% 2,898,490 $173.0M Reduce -1.1%
SCHM Schwab US Mid Cap ETF 2.74% 3,074,425 $113.4M Reduce -0.2%
SCHF Schwab Intl Equity ETF 2.74% 4,087,794 $113.2M Reduce -0.7%
IWR iShares Russell Mid-Cap ETF 2.43% 913,629 $100.8M Reduce -0.3%
DFEM Dimensional Emrg MRKT Core 2.29% 2,333,403 $94.8M Add +0.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 2.23% 379,798 $92.3M Reduce -3.2%
VTI VG Morningstar TS MKT ETF-US 1.30% 145,598 $53.9M Reduce -3.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.21% 145,565 $50.1M Reduce -1.0%
SCHE Schwab Emrg Mrkts Eqty ETF 0.84% 960,587 $34.8M Add +1.9%
IVV iShares Core S&P 500 ETF 0.72% 39,892 $29.9M Reduce -1.4%
VNQ Vanguard Real Estate ETF 0.59% 254,989 $24.6M Reduce -0.0%
VEU Vanguard Ftse All-World Ex-U 0.43% 212,142 $17.8M Reduce -1.1%
IWF iShares Russell 1000 Growth 0.42% 139,940 $17.4M Add +0.2%
IWP iShares Russell Mid-Cap Grow 0.40% 113,405 $16.6M Reduce -1.1%
DFGX Dimsnl Intr CF in ETF-Usd Inc. 0.37% 288,905 $15.5M Add +278.3%
IWB iShares Russell 1000 ETF 0.35% 35,656 $14.6M Reduce -3.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.33% 158,934 $13.7M Reduce -0.7%
IWS iShares Russell Mid-Cap Valu 0.29% 73,795 $12.1M Reduce -0.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.27% 57,402 $11.3M Reduce -2.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.26% 48,584 $10.6M Reduce -0.6%
QQQ Invesco QQQ Trust Series 1 0.23% 13,205 $9.7M Add +2.4%
VNQI Vanguard GLBL Ex-US Real Est 0.23% 211,317 $9.5M Add +1.1%
SCHG Schwab US Large-Cap Growth 0.21% 262,207 $8.9M Add +2.9%
IWM iShares Russell 2000 ETF 0.21% 29,333 $8.8M Reduce -1.7%
SCHB Schwab US Broad Market ETF 0.20% 292,779 $8.5M Reduce -2.6%
DFAS Dimensional US Small Cap ETF 0.19% 93,925 $7.7M Reduce -0.1%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.18% 24,594 $7.5M Reduce -5.5%
VB Vanguard Most SM-Cap ETF-Usd 0.15% 20,676 $6.3M Add +1.6%
IWD iShares Russell 1000 Value E 0.14% 23,936 $5.8M Reduce -1.8%
IUSG iShares Core S&P U.S. Growth 0.13% 27,811 $5.2M Add +5.7%
XLK SS Technology Select Sector 0.12% 26,154 $5.0M No change
MDY State Street SPDR S&P Midcap 0.12% 6,786 $4.8M No change
VIG Vanguard Dividend Apprec ETF 0.11% 19,664 $4.7M Add +0.1%
EFA iShares MSCI Eafe ETF 0.11% 43,159 $4.5M Reduce -1.2%
IJR iShares Core S&P Small-Cap E 0.10% 27,568 $4.1M Add +1.0%
PYLD PIMCO Multisector Bond Actv 0.08% 130,388 $3.5M New
SCHH Schwab US REIT ETF 0.07% 125,419 $3.0M Add +14.3%
VTIP Vanguard Short-Term Tips 0.07% 57,430 $2.9M Add +1.1%
DFIV Dimensional International Va 0.07% 52,939 $2.9M Add +0.1%
IWV iShares Russell 3000 ETF 0.07% 6,702 $2.9M Reduce -7.3%
ESGD iShares Trust iShares ESG Aw 0.07% 26,718 $2.7M Reduce -3.5%
SCHD Schwab US DVD Equity ETF 0.06% 82,640 $2.6M Add +8.5%
IWO iShares Russell 2000 Growth 0.06% 6,616 $2.6M Reduce -0.7%
AAPL Apple Inc. 0.06% 8,701 $2.5M Add +70.5%
SCHP Schwab U.S. Tips ETF 0.06% 93,648 $2.5M Add +2.9%
VXUS Vanguard Total Intl Stock 0.06% 27,323 $2.3M Reduce -4.5%
IWN iShares Russell 2000 Value E 0.06% 10,479 $2.3M Reduce -1.1%
SCHA Schwab US Small-Cap ETF 0.05% 60,291 $2.2M Add +6.9%
IEMG iShares Core MSCI Emerging 0.05% 25,599 $2.1M Add +0.1%
IVW iShares S&P 500 Growth ETF 0.05% 15,209 $2.1M Reduce -2.3%
BRK.B Berkshire Hathaway Inc. Class B 0.05% 4,101 $2.1M Reduce -1.2%
GOOGL Alphabet Inc. Class A 0.05% 5,721 $2.0M Add +1.4%
IEFA iShares Core MSCI Eafe ETF 0.05% 20,369 $2.0M Add +0.3%
EEM iShares MSCI Emerging Market 0.05% 27,321 $1.9M Reduce -1.0%
AGG iShares Core U.S. Aggregate 0.04% 18,236 $1.8M Reduce -2.5%
DVY iShares Select Dividend ETF 0.04% 11,056 $1.7M Reduce -1.1%
ESGE iShares Inc. iShares ESG Awar 0.04% 29,701 $1.6M Reduce -10.9%
BNDX Vanguard Total Intl Bond ETF 0.04% 32,984 $1.6M Reduce -15.3%
ACWI iShares MSCI Acwi ETF 0.04% 10,000 $1.6M No change
ESGU iShares ESG Aware MSCI USA 0.04% 9,141 $1.5M Reduce -11.3%
SCHV Schwab US Large-Cap Value 0.04% 42,945 $1.5M Add +0.0%
DFAR Dimensional US Real Est ETF 0.04% 56,054 $1.5M Reduce -19.3%
IJH iShares Core S&P Midcap ETF 0.03% 18,227 $1.4M Add +2.5%
MSFT Microsoft Corp. 0.03% 3,483 $1.3M Reduce -2.4%
SCHZ Schwab US Aggregate Bond ETF 0.03% 55,255 $1.3M Reduce -44.6%
IXUS iShares Core Intl Stock ETF 0.03% 13,234 $1.3M No change
USMV iShares MSCI USA Min Vol Fac 0.03% 12,847 $1.2M No change
RSP Invesco S&P 500 Equal Weight 0.03% 5,747 $1.2M Reduce -2.2%
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 7,771 $1.1M No change
GLD SPDR Gold Shares 0.03% 3,001 $1.1M Add +18.8%
FNDA Schwab Fndmntl US SM Co. ETF 0.02% 23,356 $889K Add +1.6%
IVE iShares S&P 500 Value ETF 0.02% 3,783 $859K No change
EEMV iShares MSCI Emg MKT Min Vol 0.02% 11,204 $843K Reduce -0.7%
VT Vanguard Tot World STK ETF 0.02% 5,237 $822K Add +5.2%
BND Vanguard Total Bond Market 0.02% 11,053 $811K Reduce -0.0%
USXF iShares ESG Advance MSCI USA 0.02% 11,633 $808K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 25,600 $796K Add +13.6%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.02% 14,949 $789K Add +42.0%
GRNY Fundstr Gran SH US LRG Cap 0.02% 27,763 $768K New
DMXF iShares ESG Advanc MSCI Eafe 0.02% 9,044 $765K Reduce -2.0%
VONG Vanguard Russell 1000 Growth 0.01% 4,836 $618K No change
SCZ iShares MSCI Eafe Small-Cap 0.01% 7,461 $614K Reduce -0.8%
ITOT iShares Core S&P Total U.S. 0.01% 3,608 $593K No change
XOM Exxon Mobil Corp. 0.01% 4,084 $558K No change
IJS iShares S&P Small-Cap 600 Va 0.01% 4,050 $554K Add +7.5%
XLF SS Financial Select Sector 0.01% 10,054 $539K No change
MA Mastercard Inc. Class A 0.01% 999 $513K Reduce -2.0%
SPSK SP Funds Dow Jones Global Su 0.01% 27,720 $499K New
COST Costco Wholesale Corp. 0.01% 500 $468K Reduce -5.3%
TDG Transdigm Group Inc. 0.01% 348 $464K Reduce -14.3%
EFAV iShares MSCI Eafe Min Vol Fa 0.01% 5,231 $459K No change
AMZN Amazon.com Inc. 0.01% 1,915 $456K No change
IUSV iShares Core S&P U.S. Value 0.01% 4,001 $441K New
TIP iShares Tips Bond ETF 0.01% 3,930 $430K No change
SPYV SS SPDR P S&P 500 Value ETF 0.01% 6,661 $405K Reduce -0.5%
PRF Invesco Rafi US 1000 ETF 0.01% 7,438 $402K New
GOOG Alphabet Inc. Class C 0.01% 1,120 $396K No change
DLN Wisdomtree US Largecap Divid 0.01% 3,902 $376K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 4,130 $363K No change
MRK Merck & Co. Inc. 0.01% 2,784 $358K Add +0.3%
IEI iShares 3-7 Year Treasury Bo 0.01% 2,995 $352K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.01% 6,628 $335K New
JNJ Johnson & Johnson 0.01% 1,259 $320K Reduce -23.8%
GSLC Goldman Activebeta US LC ETF 0.01% 2,253 $320K Reduce -15.8%
HD Home Depot Inc. 0.01% 850 $300K No change
EFG iShares MSCI Eafe Growth ETF 0.01% 2,256 $281K Reduce -6.4%
AOR iShares Core 60/40 Balanced 0.01% 3,996 $278K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 758 $277K No change
GWX State Street SPDR S&P Intern 0.01% 6,329 $277K No change
UNP Union Pacific Corp. 0.01% 1,006 $274K Add +0.6%
PG The Procter & Gamble Co. 0.01% 1,837 $269K No change
DFAI Dimensional International Co. 0.01% 6,479 $267K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.01% 5,271 $266K No change
OUSM Alps Oshares US Small-Cap Qu 0.01% 5,579 $265K New
VPU Vanguard Utilities ETF 0.01% 1,342 $263K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.01% 4,703 $262K New
BPRE Bluerock Private Real Estate 0.01% 19,848 $258K Add +0.0%
SDY SS SPDR S&P Dividend ETF 0.01% 1,691 $257K Reduce -21.5%
SPYG SS SPDR P S&P 500 Growth ETF 0.01% 2,136 $254K No change
DGRO iShares Core Dividend Growth 0.01% 3,300 $250K No change
RPG Invesco S&P 500 Pure Growth 0.01% 3,845 $246K New
IVOV Vanguard S&P Mid-Cap 400 Val 0.01% 2,086 $238K No change
JPM JPMorgan Chase & Co. 0.01% 674 $221K New
EFV iShares MSCI Eafe Value ETF 0.01% 2,809 $215K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.01% 1,464 $214K New
NEE Nextera Energy Inc. 0.01% 2,432 $213K No change
IWC iShares Micro-Cap ETF 0.01% 1,050 $210K New
ACWV iShares MSCI Global Min Vol 0.01% 1,738 $209K No change
VHT Vanguard Health Care ETF 0.00% 670 $200K New

Portfolio Sells Q1 2026 → Q2 2026
VEA Vanguard Ftse Developed ETF Reduce -0.3% 10.76% −0.30
VWO Vanguard Ftse Emerging Marke Reduce -1.1% 4.18% −0.18
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -3.2% 2.23% −0.12
SCHF Schwab Intl Equity ETF Reduce -0.7% 2.74% −0.07
SCHZ Schwab US Aggregate Bond ETF Reduce -44.6% 0.03% −0.03
VNQ Vanguard Real Estate ETF Reduce -0.0% 0.59% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -3.2% 1.30% −0.03
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -2.6% 0.27% −0.03
IWR iShares Russell Mid-Cap ETF Reduce -0.3% 2.43% −0.02
VEU Vanguard Ftse All-World Ex-U Reduce -1.1% 0.43% −0.01
BNDX Vanguard Total Intl Bond ETF Reduce -15.3% 0.04% −0.01
IWB iShares Russell 1000 ETF Reduce -3.5% 0.35% −0.01
DFAR Dimensional US Real Est ETF Reduce -19.3% 0.04% −0.01
EFA iShares MSCI Eafe ETF Reduce -1.2% 0.11% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.6% 0.26% −0.01
AGG iShares Core U.S. Aggregate Reduce -2.5% 0.04% −0.01
OShares FTSE Russell Small Cap Sold out 0.00% −0.01
ESGD iShares Trust iShares ESG Aw Reduce -3.5% 0.07% −0.01
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.01
RGLD Royal Gold Inc. Sold out 0.00% −0.01
IVV iShares Core S&P 500 ETF Reduce -1.4% 0.72% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.2% 0.05% −0.01
MSFT Microsoft Corp. Reduce -2.4% 0.03% −0.01
DVY iShares Select Dividend ETF Reduce -1.1% 0.04% −0.00
IWV iShares Russell 3000 ETF Reduce -7.3% 0.07% −0.00
VXUS Vanguard Total Intl Stock Reduce -4.5% 0.06% −0.00
IWS iShares Russell Mid-Cap Valu Reduce -0.5% 0.29% −0.00
ESGU iShares ESG Aware MSCI USA Reduce -11.3% 0.04% −0.00
JNJ Johnson & Johnson Reduce -23.8% 0.01% −0.00
COST Costco Wholesale Corp. Reduce -5.3% 0.01% −0.00
IWP iShares Russell Mid-Cap Grow Reduce -1.1% 0.40% −0.00
IWD iShares Russell 1000 Value E Reduce -1.8% 0.14% −0.00
SCHB Schwab US Broad Market ETF Reduce -2.6% 0.20% −0.00
BND Vanguard Total Bond Market Reduce -0.0% 0.02% −0.00
ESGE iShares Inc. iShares ESG Awar Reduce -10.9% 0.04% −0.00
SDY SS SPDR S&P Dividend ETF Reduce -21.5% 0.01% −0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -5.5% 0.18% −0.00
TDG Transdigm Group Inc. Reduce -14.3% 0.01% −0.00
MA Mastercard Inc. Class A Reduce -2.0% 0.01% −0.00
GSLC Goldman Activebeta US LC ETF Reduce -15.8% 0.01% −0.00
RSP Invesco S&P 500 Equal Weight Reduce -2.2% 0.03% −0.00
SCZ iShares MSCI Eafe Small-Cap Reduce -0.8% 0.01% −0.00
DMXF iShares ESG Advanc MSCI Eafe Reduce -2.0% 0.02% −0.00
EFG iShares MSCI Eafe Growth ETF Reduce -6.4% 0.01% −0.00
SPYV SS SPDR P S&P 500 Value ETF Reduce -0.5% 0.01% −0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -1.0% 1.21% −0.00
EEMV iShares MSCI Emg MKT Min Vol Reduce -0.7% 0.02% +0.00
IWN iShares Russell 2000 Value E Reduce -1.1% 0.06% +0.00
EEM iShares MSCI Emerging Market Reduce -1.0% 0.05% +0.00
IVW iShares S&P 500 Growth ETF Reduce -2.3% 0.05% +0.00

Portfolio Buys Q1 2026 → Q2 2026
VOO Vanguard S&P 500 ETF Add +0.9% 23.34% +0.40
DFGX Dimsnl Intr CF in ETF-Usd Inc. Add +278.3% 0.37% +0.26
DFEM Dimensional Emrg MRKT Core Add +0.9% 2.29% +0.09
PYLD PIMCO Multisector Bond Actv New 0.08% +0.08
DFGR Dim Global Real Estate ETF Add +5.8% 4.70% +0.06
SCHX Schwab US Large-Cap ETF Add +0.0% 5.93% +0.04
QQQ Invesco QQQ Trust Series 1 Add +2.4% 0.23% +0.03
AAPL Apple Inc. Add +70.5% 0.06% +0.03
GRNY Fundstr Gran SH US LRG Cap New 0.02% +0.02
IUSG iShares Core S&P U.S. Growth Add +5.7% 0.13% +0.01
SPSK SP Funds Dow Jones Global Su New 0.01% +0.01
IUSV iShares Core S&P U.S. Value New 0.01% +0.01
IWF iShares Russell 1000 Growth Add +0.2% 0.42% +0.01
SCHG Schwab US Large-Cap Growth Add +2.9% 0.21% +0.01
PRF Invesco Rafi US 1000 ETF New 0.01% +0.01
VTEB Vanguard Tax-Exempt Bond ETF New 0.01% +0.01
SCHA Schwab US Small-Cap ETF Add +6.9% 0.05% +0.01
SCHH Schwab US REIT ETF Add +14.3% 0.07% +0.01
OUSM Alps Oshares US Small-Cap Qu New 0.01% +0.01
PRFZ Inv Rafi US 1500 SM-Usd Inc. New 0.01% +0.01
RPG Invesco S&P 500 Pure Growth New 0.01% +0.01
IJR iShares Core S&P Small-Cap E Add +1.0% 0.10% +0.01
JPM JPMorgan Chase & Co. New 0.01% +0.01
IVOG Vanguard S&P Mid-Cap 400 Gro New 0.01% +0.01
IWC iShares Micro-Cap ETF New 0.01% +0.01
FNDF Schwab Fndmn Intl LRG Co. ETF Add +42.0% 0.02% +0.00
VHT Vanguard Health Care ETF New 0.00% +0.00
GOOGL Alphabet Inc. Class A Add +1.4% 0.05% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +1.6% 0.15% +0.00
IEMG iShares Core MSCI Emerging Add +0.1% 0.05% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +13.6% 0.02% +0.00
IJS iShares S&P Small-Cap 600 Va Add +7.5% 0.01% +0.00
FNDA Schwab Fndmntl US SM Co. ETF Add +1.6% 0.02% +0.00
IJH iShares Core S&P Midcap ETF Add +2.5% 0.03% +0.00
VT Vanguard Tot World STK ETF Add +5.2% 0.02% +0.00
SCHV Schwab US Large-Cap Value Add +0.0% 0.04% +0.00
UNP Union Pacific Corp. Add +0.6% 0.01% −0.00
MRK Merck & Co. Inc. Add +0.3% 0.01% −0.00
SCHD Schwab US DVD Equity ETF Add +8.5% 0.06% −0.00
BPRE Bluerock Private Real Estate Add +0.0% 0.01% −0.00
IEFA iShares Core MSCI Eafe ETF Add +0.3% 0.05% −0.00
GLD SPDR Gold Shares Add +18.8% 0.03% −0.00
VIG Vanguard Dividend Apprec ETF Add +0.1% 0.11% −0.00
SCHP Schwab U.S. Tips ETF Add +2.9% 0.06% −0.01
DFIV Dimensional International Va Add +0.1% 0.07% −0.01
VTIP Vanguard Short-Term Tips Add +1.1% 0.07% −0.01
SCHE Schwab Emrg Mrkts Eqty ETF Add +1.9% 0.84% −0.01
VNQI Vanguard GLBL Ex-US Real Est Add +1.1% 0.23% −0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +1.1% 10.99% −0.05
DFSV Dimensional US Small Cap Val Add +1.9% 5.91% −0.06

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