JNBA Financial Advisors
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), JNBA Financial Advisors reported 665 stock positions worth $952.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.4% of the portfolio, followed by Vaneck Morningstar Wide Moat (MOAT, 7.5%) and Ste STR SPDR PT DW Eu ETF (SPDW, 6.2%). Compared with Q4 2023, it opened 25 new positions, sold out of 69, added to 63 and reduced 206. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +536%) and the biggest sale Vanguard Real Estate ETF (VNQ, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0001569118
- Portfolio Value
- $952.2M (Q1 2024)
- SEC Filing
- 0001569118-24-000002 ↗ filed Apr 26, 2024
Holdings Value
Holdings 665 stocks · $952.2M
| IVV iShares Core S&P 500 ETF | 9.41% | 170,518 | $89.6M | Add +535.6% |
| MOAT Vaneck Morningstar Wide Moat | 7.47% | 790,994 | $71.1M | Add +3.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 6.18% | 1,640,660 | $58.8M | Add +104.1% |
| IJH iShares Core S&P Midcap ETF | 5.01% | 784,796 | $47.7M | Reduce -18.2% |
| SCHD Schwab US DVD Equity ETF | 4.16% | 491,361 | $39.6M | Add +5.2% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.54% | 946,603 | $33.7M | Reduce -25.4% |
| VIG Vanguard Dividend Apprec ETF | 3.39% | 176,796 | $32.3M | Reduce -30.6% |
| SPEM State Street SP PTF Em ETF | 2.96% | 778,648 | $28.2M | Add +67.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 2.73% | 487,143 | $26.0M | Add +452.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.54% | 70,202 | $24.2M | Add +52.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.19% | 285,256 | $20.9M | Reduce -18.7% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.05% | 453,188 | $19.5M | Add +133.2% |
| MDYV SS SPDR S&P 400 MC Val ETF | 2.05% | 256,430 | $19.5M | Reduce -26.4% |
| AFL Aflac Inc. | 1.98% | 219,587 | $18.9M | Reduce -0.4% |
| VEA Vanguard Ftse Developed ETF | 1.92% | 364,635 | $18.3M | Reduce -11.2% |
| AVEM Avantis Emerging Markets Eq | 1.48% | 243,107 | $14.1M | Reduce -28.3% |
| IVLU iShares MSCI International V | 1.44% | 485,547 | $13.7M | Reduce -6.8% |
| APG Api Group Corp. | 1.43% | 347,850 | $13.7M | Reduce -1.9% |
| VWO Vanguard Ftse Emerging Marke | 1.43% | 325,093 | $13.6M | Reduce -13.7% |
| VIGI Vanguard Int Div App Indx FD | 1.42% | 165,842 | $13.5M | Reduce -29.0% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.36% | 147,934 | $12.9M | Reduce -26.4% |
| IJR iShares Core S&P Small-Cap E | 1.35% | 116,022 | $12.8M | Reduce -3.2% |
| PRF Invesco Rafi US 1000 ETF | 1.26% | 311,518 | $12.0M | Reduce -24.8% |
| MSFT Microsoft Corp. | 1.19% | 26,971 | $11.3M | Reduce -2.0% |
| GLDM SPDR Gold Minishares Trust | 1.17% | 252,617 | $11.1M | Reduce -32.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 1.06% | 200,540 | $10.0M | Reduce -28.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.95% | 178,486 | $9.0M | Reduce -6.7% |
| IAU iShares Gold Trust | 0.92% | 207,623 | $8.7M | Reduce -13.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.83% | 31,588 | $7.9M | Reduce -2.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.77% | 30,649 | $7.3M | Add +0.6% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.75% | 78,320 | $7.1M | Reduce -3.4% |
| DON Wisdomtree US Midcap Dividen | 0.71% | 139,530 | $6.8M | Reduce -49.9% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.64% | 69,695 | $6.1M | Reduce -25.3% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.62% | 70,744 | $5.9M | Reduce -1.5% |
| AAPL Apple Inc. | 0.61% | 34,020 | $5.8M | Reduce -6.5% |
| BSV Vanguard Short-Term Bond ETF | 0.59% | 72,892 | $5.6M | Reduce -28.9% |
| DFEM Dimensional Emrg MRKT Core | 0.57% | 213,063 | $5.4M | Reduce -9.3% |
| GGG Graco Inc. | 0.54% | 55,041 | $5.1M | No change |
| INFL Horizon Kinetics Infl Benef | 0.52% | 151,676 | $4.9M | Reduce -43.9% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.51% | 41,155 | $4.9M | Reduce -3.7% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.50% | 30,793 | $4.8M | Reduce -5.3% |
| EFG iShares MSCI Eafe Growth ETF | 0.46% | 41,742 | $4.3M | Reduce -5.8% |
| AVUV Avantis US Small Cap Value | 0.43% | 43,236 | $4.1M | Reduce -29.6% |
| ESGD iShares Trust iShares ESG Aw | 0.42% | 50,354 | $4.0M | Add +11.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.42% | 51,888 | $4.0M | Reduce -1.9% |
| INTC Intel Corp. | 0.36% | 78,553 | $3.5M | Reduce -0.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.36% | 59,089 | $3.5M | Reduce -1.8% |
| AMAT Applied Materials Inc. | 0.35% | 16,284 | $3.4M | Reduce -2.1% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.33% | 38,367 | $3.2M | Reduce -7.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.29% | 10,500 | $2.7M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 0.27% | 14,407 | $2.6M | Reduce -5.6% |
| XJH Ishare ESG SS S&P Midcap ETF | 0.26% | 61,329 | $2.5M | Add +19.5% |
| MDT Medtronic PLC | 0.26% | 28,609 | $2.5M | Reduce -1.2% |
| MOTI Vaneck Mstar Int Moat ETF | 0.26% | 79,165 | $2.5M | Reduce -13.3% |
| VGT Vanguard Info Tech ETF | 0.25% | 4,619 | $2.4M | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.25% | 47,458 | $2.3M | Add +31.1% |
| UNH Unitedhealth Group Inc. | 0.24% | 4,666 | $2.3M | Reduce -5.4% |
| JPST JPMorgan Ultra-Short Income | 0.23% | 43,671 | $2.2M | Reduce -18.4% |
| DES Wisdomtree US Smallcap Divid | 0.23% | 67,382 | $2.2M | Reduce -19.8% |
| ESGE iShares Inc. iShares ESG Awar | 0.23% | 67,686 | $2.2M | Add +11.8% |
| JHMM John Hancock Multi Fact Mid | 0.23% | 37,415 | $2.1M | Reduce -8.9% |
| JPM JPMorgan Chase & Co. | 0.22% | 10,403 | $2.1M | Reduce -3.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.22% | 33,636 | $2.1M | Reduce -17.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.21% | 8,885 | $2.0M | Reduce -6.2% |
| IDV iShares International Select | 0.20% | 69,216 | $1.9M | Reduce -5.6% |
| GOOGL Alphabet Inc. Class A | 0.20% | 12,785 | $1.9M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.20% | 12,548 | $1.9M | Reduce -3.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 15,486 | $1.9M | Reduce -5.8% |
| DEM Wisdomtree Emerging Markets | 0.19% | 43,722 | $1.8M | Reduce -52.9% |
| JNJ Johnson & Johnson | 0.19% | 11,405 | $1.8M | Reduce -2.8% |
| EAGG iShares ESG Aware US Aggrega | 0.19% | 37,638 | $1.8M | Reduce -17.6% |
| QCOM Qualcomm Inc. | 0.18% | 10,161 | $1.7M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.17% | 8,977 | $1.6M | Reduce -2.5% |
| XVV iShares ESG Select Screened | 0.17% | 40,162 | $1.6M | Add +1403.6% |
| PWV Invesco Large Cap Value ETF | 0.17% | 28,240 | $1.6M | Reduce -5.6% |
| ABT Abbott Laboratories | 0.16% | 13,526 | $1.5M | Reduce -5.7% |
| MCD McDonald's Corp. | 0.16% | 5,335 | $1.5M | No change |
| IEMG iShares Core MSCI Emerging | 0.16% | 28,657 | $1.5M | Reduce -36.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 2,791 | $1.5M | Add +29.3% |
| BBY Best Buy Co. Inc. | 0.15% | 17,750 | $1.5M | Reduce -5.3% |
| MUB iShares National Muni Bond E | 0.14% | 11,969 | $1.3M | No change |
| IJT iShares S&P Small-Cap 600 GR | 0.13% | 9,642 | $1.3M | Reduce -6.5% |
| RAFE PIMCO Rafi ESG US ETF filed as PIMCO EQUITY SER | 0.13% | 35,333 | $1.3M | Reduce -14.1% |
| SUSB iShares ESG Aware 1-5 Year U | 0.12% | 48,296 | $1.2M | Reduce -17.3% |
| VSGX Vanguard ESG Intl Stock ETF | 0.12% | 20,340 | $1.2M | Reduce -8.3% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.12% | 4,859 | $1.1M | Reduce -7.7% |
| SCHW Schwab (charles) Corp. | 0.12% | 15,345 | $1.1M | No change |
| ESGV Vanguard ESG US Stock ETF | 0.12% | 11,754 | $1.1M | Reduce -14.2% |
| JHSC John Hancock Multi Small Cap | 0.11% | 28,040 | $1.1M | Reduce -5.5% |
| META Meta Platforms Inc. Class A | 0.11% | 2,201 | $1.1M | Reduce -2.9% |
| NVDA Nvidia Corp. | 0.11% | 1,148 | $1.0M | Add +14.7% |
| CSCO Cisco Systems Inc. | 0.11% | 20,565 | $1.0M | Reduce -3.5% |
| XOM Exxon Mobil Corp. | 0.11% | 8,684 | $1.0M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.11% | 6,179 | $1.0M | Reduce -0.9% |
| JHEM John Hancock Multi Em MRK Et | 0.10% | 38,561 | $1000K | Reduce -21.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 13,275 | $985K | Reduce -5.5% |
| SUSA iShares ESG Optimized MSCI U | 0.10% | 8,930 | $975K | Reduce -11.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.10% | 10,578 | $971K | Add +15.8% |
| ORCL Oracle Corp. | 0.10% | 7,721 | $970K | No change |
| V Visa Inc. Class A | 0.10% | 3,420 | $954K | Reduce -1.6% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $294 (not counted above)
Total filed on the 13F, all lines: $952.2M.
Portfolio Sells Q4 2023 → Q1 2024
| VNQ Vanguard Real Estate ETF | Reduce -98.9% | 0.02% | −1.72 |
| VIG Vanguard Dividend Apprec ETF | Reduce -30.6% | 3.39% | −1.55 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -25.4% | 3.54% | −1.33 |
| GNR State Street SPDR S&P Global | Reduce -95.3% | 0.06% | −1.27 |
| IJH iShares Core S&P Midcap ETF | Reduce -18.2% | 5.01% | −1.04 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -26.4% | 2.05% | −0.86 |
| DON Wisdomtree US Midcap Dividen | Reduce -49.9% | 0.71% | −0.73 |
| AVEM Avantis Emerging Markets Eq | Reduce -28.3% | 1.48% | −0.69 |
| VIGI Vanguard Int Div App Indx FD | Reduce -29.0% | 1.42% | −0.69 |
| GLDM SPDR Gold Minishares Trust | Reduce -32.6% | 1.17% | −0.57 |
| INFL Horizon Kinetics Infl Benef | Reduce -43.9% | 0.52% | −0.45 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -28.5% | 1.06% | −0.43 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -18.7% | 2.19% | −0.41 |
| PRF Invesco Rafi US 1000 ETF | Reduce -24.8% | 1.26% | −0.40 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -26.4% | 1.36% | −0.37 |
| VWO Vanguard Ftse Emerging Marke | Reduce -13.7% | 1.43% | −0.34 |
| VEA Vanguard Ftse Developed ETF | Reduce -11.2% | 1.92% | −0.31 |
| BSV Vanguard Short-Term Bond ETF | Reduce -28.9% | 0.59% | −0.31 |
| SCHH Schwab US REIT ETF | Sold out | 0.00% | −0.27 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -25.3% | 0.64% | −0.25 |
| DEM Wisdomtree Emerging Markets | Reduce -52.9% | 0.19% | −0.24 |
| AVUV Avantis US Small Cap Value | Reduce -29.6% | 0.43% | −0.20 |
| AAPL Apple Inc. | Reduce -6.5% | 0.61% | −0.18 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -6.7% | 0.95% | −0.16 |
| NANR Sta STR SP S&P Nor An Res-Ui | Reduce -88.4% | 0.02% | −0.15 |
| IAU iShares Gold Trust | Reduce -13.0% | 0.92% | −0.14 |
| IVLU iShares MSCI International V | Reduce -6.8% | 1.44% | −0.13 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.2% | 1.35% | −0.13 |
| IEMG iShares Core MSCI Emerging | Reduce -36.2% | 0.16% | −0.10 |
| DFEM Dimensional Emrg MRKT Core | Reduce -9.3% | 0.57% | −0.10 |
| INTC Intel Corp. | Reduce -0.8% | 0.36% | −0.09 |
| AFL Aflac Inc. | Reduce -0.4% | 1.98% | −0.09 |
| DES Wisdomtree US Smallcap Divid | Reduce -19.8% | 0.23% | −0.08 |
| JPST JPMorgan Ultra-Short Income | Reduce -18.4% | 0.23% | −0.07 |
| MOTI Vaneck Mstar Int Moat ETF | Reduce -13.3% | 0.26% | −0.06 |
| EAGG iShares ESG Aware US Aggrega | Reduce -17.6% | 0.19% | −0.06 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -7.9% | 0.33% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -5.4% | 0.24% | −0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -1.9% | 0.42% | −0.04 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -3.7% | 0.51% | −0.04 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -17.3% | 0.22% | −0.04 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.04 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -17.3% | 0.12% | −0.04 |
| AOA iShares Core 80/20 Aggressiv | Reduce -37.3% | 0.06% | −0.04 |
| JHEM John Hancock Multi Em MRK Et | Reduce -21.7% | 0.10% | −0.04 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -5.8% | 0.46% | −0.03 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -5.3% | 0.50% | −0.03 |
| CF CF Industries Holdings Inc. | Reduce -1.5% | 0.62% | −0.03 |
| IDV iShares International Select | Reduce -5.6% | 0.20% | −0.03 |
| JMST JPM Ultra-Short Muni Income | Reduce -16.9% | 0.09% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| IVV iShares Core S&P 500 ETF | Add +535.6% | 9.41% | +7.96 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +104.1% | 6.18% | +3.07 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +452.7% | 2.73% | +2.24 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +133.2% | 2.05% | +1.12 |
| SPEM State Street SP PTF Em ETF | Add +67.8% | 2.96% | +1.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +52.2% | 2.54% | +0.91 |
| XVV iShares ESG Select Screened | Add +1403.6% | 0.17% | +0.16 |
| SCHD Schwab US DVD Equity ETF | Add +5.2% | 4.16% | +0.12 |
| MOAT Vaneck Morningstar Wide Moat | Add +3.1% | 7.47% | +0.06 |
| NVDA Nvidia Corp. | Add +14.7% | 0.11% | +0.05 |
| XJH Ishare ESG SS S&P Midcap ETF | Add +19.5% | 0.26% | +0.04 |
| BNDX Vanguard Total Intl Bond ETF | Add +31.1% | 0.25% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +29.3% | 0.15% | +0.04 |
| ESGD iShares Trust iShares ESG Aw | Add +11.3% | 0.42% | +0.03 |
| LLY Eli Lilly & Co. | Add +57.3% | 0.05% | +0.02 |
| VONG Vanguard Russell 1000 Growth | New | 0.02% | +0.02 |
| XJR Ishr ESG SS S&P Smal-Cap-Usd | Add +36.7% | 0.07% | +0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.6% | 0.77% | +0.02 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.01% | +0.01 |
| VCIT Vanguard Int-Term Corporate | New | 0.01% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +3.0% | 0.08% | +0.01 |
| ITW Illinois Tool Works | Add +316.4% | 0.01% | +0.01 |
| AIQ Global X Art Intel & Tech | New | 0.01% | +0.01 |
| NSC Norfolk Southern Corp. | New | 0.01% | +0.01 |
| ESGE iShares Inc. iShares ESG Awar | Add +11.8% | 0.23% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +15.8% | 0.10% | +0.01 |
| VFVA Vanguard U.S. Value Factor | New | 0.01% | +0.01 |
| IWB iShares Russell 1000 ETF | New | 0.01% | +0.01 |
| MSI Motorola Solutions Inc. | Add +59.5% | 0.01% | +0.00 |
| IMOS Chipmos Technologies Inc.-ADR | New | 0.00% | +0.00 |
| CMI Cummins Inc. | Add +1111.1% | 0.00% | +0.00 |
| STXF Strive 500 ETF | Add +212.7% | 0.00% | +0.00 |
| ENSG The Ensign Group Inc. | New | 0.00% | +0.00 |
| ITOT iShares Core S&P Total U.S. | New | 0.00% | +0.00 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +3.1% | 0.03% | +0.00 |
| YUMY Vaneck Future of Food ETF | Add +47.7% | 0.01% | +0.00 |
| VFQY Vanguard U.S. Quality Factor | New | 0.00% | +0.00 |
| PNC PNC Financial Services Group | Add +14.6% | 0.01% | +0.00 |
| VFMF Vanguard US Multifactor ETF | New | 0.00% | +0.00 |
| VZ Verizon Communications Inc. | Add +5.6% | 0.02% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Add +16.8% | 0.01% | +0.00 |
| TER Teradyne Inc. | New | 0.00% | +0.00 |
| EVRG Evergy Inc. | Add +274.0% | 0.00% | +0.00 |
| GSLC Goldman Activebeta US LC ETF | Add +40.1% | 0.00% | +0.00 |
| HII Huntington Ingalls Industrie | Add +35.1% | 0.00% | +0.00 |
| QT IMAGING HLDGS INC | New | 0.00% | +0.00 |
| STXD Strive 1000 Dividend Growth | Add +48.7% | 0.00% | +0.00 |
| STXK Strive Small-Cap ETF | Add +205.0% | 0.00% | +0.00 |
| SPHQ Invesco S&P 500 Quality ETF | New | 0.00% | +0.00 |
| DFAE Dimensional Emerging Core Eq | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 827 | $1.3B | IVV, SPDW, SGOV, AVDE, IJH |
| Q1 2026 | 817 | $1.2B | IVV, SPDW, SGOV, AVDE, IJH |
| Q4 2025 | 795 | $1.1B | IVV, SPDW, IJH, SPMD, VUG |
| Q3 2025 | 650 | $1.1B | IVV, SPDW, IJH, SPMD, VUG |
| Q2 2025 | 650 | $1.0B | IVV, SPDW, BIL, IJH, SPMD |
| Q1 2025 | 646 | $964.6M | IVV, SPDW, BIL, MOAT, IJH |
| Q4 2024 | 645 | $979.3M | IVV, MOAT, SPDW, IJH, SPMD |
| Q3 2024 | 649 | $992.9M | IVV, SPDW, MOAT, IJH, SPEM |
| Q2 2024 | 637 | $947.8M | IVV, SPDW, MOAT, SPMD, IJH |
| Q1 2024 | 665 | $952.2M | IVV, MOAT, SPDW, IJH, SCHD |