JNBA Financial Advisors
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), JNBA Financial Advisors reported 645 stock positions worth $979.3 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 16.1% of the portfolio, followed by Vaneck Morningstar Wide Moat (MOAT, 7.8%) and Ste STR SPDR PT DW Eu ETF (SPDW, 7.6%). Compared with Q3 2024, it opened 23 new positions, sold out of 28, added to 78 and reduced 155. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +8%) and the biggest sale Ste STR SPDR PT DW Eu ETF (SPDW, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0001569118
- Portfolio Value
- $979.3M (Q4 2024)
- SEC Filing
- 0001569118-25-000001 ↗ filed Jan 30, 2025
Holdings Value
Holdings 645 stocks · $979.3M
| IVV iShares Core S&P 500 ETF | 16.12% | 268,175 | $157.9M | Add +7.7% |
| MOAT Vaneck Morningstar Wide Moat | 7.77% | 820,432 | $76.1M | Add +0.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 7.59% | 2,176,759 | $74.3M | Reduce -4.0% |
| IJH iShares Core S&P Midcap ETF | 4.91% | 771,486 | $48.1M | Add +2.1% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 4.26% | 762,866 | $41.7M | Add +7.6% |
| SPEM State Street SP PTF Em ETF | 4.08% | 1,041,290 | $40.0M | Reduce -5.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.52% | 83,904 | $34.4M | Add +13.9% |
| VIG Vanguard Dividend Apprec ETF | 2.42% | 121,104 | $23.7M | Reduce -4.5% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.42% | 527,866 | $23.7M | Add +4.4% |
| SCHD Schwab US DVD Equity ETF | 2.36% | 845,129 | $23.1M | Reduce -0.7% |
| AFL Aflac Inc. | 2.29% | 217,248 | $22.5M | Reduce -0.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.26% | 251,923 | $22.1M | Reduce -1.2% |
| VEA Vanguard Ftse Developed ETF | 2.04% | 418,571 | $20.0M | Add +11.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.88% | 553,912 | $18.4M | Reduce -7.7% |
| IJR iShares Core S&P Small-Cap E | 1.37% | 116,647 | $13.4M | Add +1.1% |
| VWO Vanguard Ftse Emerging Marke | 1.32% | 293,000 | $12.9M | Reduce -1.6% |
| APG Api Group Corp. | 1.19% | 322,850 | $11.6M | Reduce -3.0% |
| PRF Invesco Rafi US 1000 ETF | 1.16% | 281,848 | $11.4M | Reduce -1.5% |
| MSFT Microsoft Corp. | 1.12% | 25,973 | $10.9M | Add +0.1% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.04% | 117,025 | $10.2M | Reduce -1.6% |
| MDYV SS SPDR S&P 400 MC Val ETF | 1.04% | 126,724 | $10.2M | Reduce -5.7% |
| VIGI Vanguard Int Div App Indx FD | 1.01% | 123,555 | $9.9M | Reduce -2.3% |
| IVLU iShares MSCI International V | 0.93% | 336,102 | $9.1M | Reduce -9.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.85% | 30,768 | $8.3M | Add +0.0% |
| IAU iShares Gold Trust | 0.84% | 165,999 | $8.2M | Reduce -2.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.79% | 150,387 | $7.7M | Reduce -2.9% |
| AAPL Apple Inc. | 0.78% | 30,695 | $7.7M | Reduce -4.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.73% | 27,168 | $7.2M | Reduce -0.9% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.70% | 74,930 | $6.8M | Reduce -0.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.63% | 123,196 | $6.2M | Reduce -8.6% |
| GLDM SPDR Gold Minishares Trust | 0.62% | 117,044 | $6.1M | Reduce -6.9% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.57% | 65,853 | $5.6M | Reduce -1.5% |
| ESGD iShares Trust iShares ESG Aw | 0.53% | 68,448 | $5.2M | Add +3.1% |
| AVEM Avantis Emerging Markets Eq | 0.53% | 87,969 | $5.2M | Reduce -11.3% |
| BNDX Vanguard Total Intl Bond ETF | 0.48% | 95,646 | $4.7M | Add +17.0% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.48% | 37,327 | $4.7M | Reduce -0.6% |
| GGG Graco Inc. | 0.47% | 54,441 | $4.6M | No change |
| XVV iShares ESG Select Screened | 0.44% | 94,618 | $4.3M | Add +16.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.44% | 54,631 | $4.3M | Add +2.6% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.43% | 26,198 | $4.2M | Reduce -2.1% |
| EFG iShares MSCI Eafe Growth ETF | 0.38% | 38,006 | $3.7M | Reduce -3.4% |
| DON Wisdomtree US Midcap Dividen | 0.37% | 71,227 | $3.6M | Reduce -2.8% |
| DFEM Dimensional Emrg MRKT Core | 0.36% | 134,309 | $3.5M | Reduce -15.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.34% | 57,337 | $3.3M | Reduce -0.6% |
| XJH Ishare ESG SS S&P Midcap ETF | 0.33% | 78,323 | $3.3M | Add +10.5% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.32% | 34,806 | $3.1M | Reduce -1.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 10,286 | $3.0M | Reduce -1.1% |
| VGT Vanguard Info Tech ETF | 0.29% | 4,596 | $2.9M | Reduce -1.8% |
| EAGG iShares ESG Aware US Aggrega | 0.28% | 58,249 | $2.7M | Add +51.0% |
| AMZN Amazon.com Inc. | 0.27% | 12,048 | $2.6M | Add +2.9% |
| AMAT Applied Materials Inc. | 0.25% | 14,854 | $2.4M | Reduce -0.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.24% | 34,633 | $2.4M | Reduce -3.0% |
| UNH Unitedhealth Group Inc. | 0.24% | 4,632 | $2.3M | Reduce -1.1% |
| MDT Medtronic PLC | 0.23% | 28,564 | $2.3M | Reduce -0.1% |
| JPST JPMorgan Ultra-Short Income | 0.22% | 42,948 | $2.2M | Add +1.8% |
| JPM JPMorgan Chase & Co. | 0.21% | 8,629 | $2.1M | Add +1.0% |
| AVUV Avantis US Small Cap Value | 0.20% | 20,672 | $2.0M | Reduce -5.0% |
| JHMM John Hancock Multi Fact Mid | 0.20% | 32,966 | $2.0M | Reduce -1.8% |
| DES Wisdomtree US Smallcap Divid | 0.20% | 57,172 | $2.0M | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 3,350 | $2.0M | Add +30.9% |
| GOOG Alphabet Inc. Class C | 0.20% | 10,296 | $2.0M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.19% | 10,020 | $1.9M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 7,855 | $1.9M | Reduce -1.3% |
| NVDA Nvidia Corp. | 0.17% | 12,492 | $1.7M | Add +5.0% |
| IDV iShares International Select | 0.17% | 61,209 | $1.7M | Reduce -1.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 15,001 | $1.7M | Add +0.0% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.17% | 18,547 | $1.6M | Reduce -4.7% |
| ABBV Abbvie Inc. | 0.16% | 9,071 | $1.6M | Reduce -0.3% |
| QCOM Qualcomm Inc. | 0.16% | 10,115 | $1.6M | Add +0.0% |
| ABT Abbott Laboratories | 0.15% | 13,192 | $1.5M | Reduce -2.1% |
| MCD McDonald's Corp. | 0.15% | 5,102 | $1.5M | Reduce -3.8% |
| ESGE iShares Inc. iShares ESG Awar | 0.15% | 44,161 | $1.5M | Add +1.9% |
| JNJ Johnson & Johnson | 0.15% | 10,187 | $1.5M | Reduce -1.0% |
| PWV Invesco Large Cap Value ETF | 0.15% | 25,378 | $1.4M | Reduce -3.6% |
| INTC Intel Corp. | 0.15% | 71,409 | $1.4M | Reduce -3.7% |
| BBY Best Buy Co. Inc. | 0.14% | 16,000 | $1.4M | No change |
| SUSC iShares ESG Aware Usd Corpor | 0.13% | 55,534 | $1.3M | Add +44.6% |
| MUB iShares National Muni Bond E | 0.13% | 11,498 | $1.2M | No change |
| META Meta Platforms Inc. Class A | 0.12% | 2,004 | $1.2M | Reduce -1.3% |
| SCHW Schwab (charles) Corp. | 0.12% | 15,268 | $1.1M | Reduce -0.7% |
| VSGX Vanguard ESG Intl Stock ETF | 0.12% | 19,909 | $1.1M | Reduce -0.1% |
| IJT iShares S&P Small-Cap 600 GR | 0.11% | 8,133 | $1.1M | Reduce -3.9% |
| MOTI Vaneck Mstar Int Moat ETF | 0.11% | 35,377 | $1.1M | Reduce -11.3% |
| SUSB iShares ESG Aware 1-5 Year U | 0.11% | 42,645 | $1.1M | Reduce -3.0% |
| XJR Ishr ESG SS S&P Smal-Cap-Usd | 0.11% | 25,192 | $1.0M | Add +10.3% |
| ORCL Oracle Corp. | 0.10% | 6,167 | $1.0M | No change |
| XOM Exxon Mobil Corp. | 0.10% | 9,539 | $1.0M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 0.10% | 16,782 | $993K | Reduce -0.9% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.10% | 3,844 | $975K | Reduce -11.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 13,690 | $962K | Add +9.4% |
| IVW iShares S&P 500 Growth ETF | 0.09% | 9,136 | $928K | No change |
| SUSA iShares ESG Optimized MSCI U | 0.09% | 7,285 | $886K | Add +5.7% |
| JHSC John Hancock Multi Small Cap | 0.09% | 22,056 | $877K | Reduce -5.3% |
| DEM Wisdomtree Emerging Markets | 0.09% | 21,463 | $869K | Reduce -8.2% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.09% | 16,935 | $859K | Reduce -0.8% |
| INFL Horizon Kinetics Infl Benef | 0.09% | 22,324 | $850K | Reduce -4.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 19,009 | $835K | Reduce -1.0% |
| KO The Coca-Cola Co. | 0.09% | 13,367 | $832K | Reduce -0.9% |
| GIS General Mills Inc. | 0.08% | 12,556 | $801K | Reduce -1.0% |
| JHEM John Hancock Multi Em MRK Et | 0.08% | 30,164 | $780K | Reduce -2.4% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $261 (not counted above)
Total filed on the 13F, all lines: $979.3M.
Portfolio Sells Q3 2024 → Q4 2024
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -4.0% | 7.59% | −0.99 |
| SPEM State Street SP PTF Em ETF | Reduce -5.1% | 4.08% | −0.48 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -7.7% | 1.88% | −0.38 |
| IVLU iShares MSCI International V | Reduce -9.8% | 0.93% | −0.18 |
| AFL Aflac Inc. | Reduce -0.3% | 2.29% | −0.16 |
| AVEM Avantis Emerging Markets Eq | Reduce -11.3% | 0.53% | −0.12 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.6% | 1.32% | −0.12 |
| VIGI Vanguard Int Div App Indx FD | Reduce -2.3% | 1.01% | −0.11 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.5% | 2.42% | −0.11 |
| DFEM Dimensional Emrg MRKT Core | Reduce -15.6% | 0.36% | −0.09 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -8.6% | 0.63% | −0.06 |
| AMAT Applied Materials Inc. | Reduce -0.9% | 0.25% | −0.06 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.7% | 2.36% | −0.06 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -3.4% | 0.38% | −0.05 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -2.9% | 0.79% | −0.04 |
| GLDM SPDR Gold Minishares Trust | Reduce -6.9% | 0.62% | −0.04 |
| ICLN iShares Global Clean Energy | Reduce -89.5% | 0.00% | −0.04 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -5.7% | 1.04% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 0.24% | −0.04 |
| MOTI Vaneck Mstar Int Moat ETF | Reduce -11.3% | 0.11% | −0.03 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.6% | 0.34% | −0.03 |
| INTC Intel Corp. | Reduce -3.7% | 0.15% | −0.03 |
| MDT Medtronic PLC | Reduce -0.1% | 0.23% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -35.1% | 0.04% | −0.02 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -2.1% | 0.43% | −0.02 |
| IDV iShares International Select | Reduce -1.9% | 0.17% | −0.02 |
| ITM Vaneck Intermediate Muni ETF | Reduce -60.1% | 0.01% | −0.02 |
| JNJ Johnson & Johnson | Reduce -1.0% | 0.15% | −0.02 |
| ABBV Abbvie Inc. | Reduce -0.3% | 0.16% | −0.02 |
| DEM Wisdomtree Emerging Markets | Reduce -8.2% | 0.09% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.3% | 0.08% | −0.01 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -1.6% | 1.04% | −0.01 |
| KO The Coca-Cola Co. | Reduce -0.9% | 0.09% | −0.01 |
| GIS General Mills Inc. | Reduce -1.0% | 0.08% | −0.01 |
| MMM 3M Co. | Reduce -10.8% | 0.07% | −0.01 |
| MCD McDonald's Corp. | Reduce -3.8% | 0.15% | −0.01 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -1.8% | 0.32% | −0.01 |
| CVS CVS Health Corp. | Reduce -3.8% | 0.02% | −0.01 |
| IAU iShares Gold Trust | Reduce -2.3% | 0.84% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -43.9% | 0.01% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -1.6% | 0.10% | −0.01 |
| PRF Invesco Rafi US 1000 ETF | Reduce -1.5% | 1.16% | −0.01 |
| JHEM John Hancock Multi Em MRK Et | Reduce -2.4% | 0.08% | −0.01 |
| CI The Cigna Group | Reduce -1.4% | 0.03% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -9.2% | 0.02% | −0.01 |
| HD Home Depot Inc. | Reduce -10.4% | 0.06% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -1.6% | 0.06% | −0.01 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -0.1% | 0.12% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -42.6% | 0.01% | −0.01 |
| PWV Invesco Large Cap Value ETF | Reduce -3.6% | 0.15% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| IVV iShares Core S&P 500 ETF | Add +7.7% | 16.12% | +1.65 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +13.9% | 3.52% | +0.67 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +7.6% | 4.26% | +0.35 |
| IJH iShares Core S&P Midcap ETF | Add +2.1% | 4.91% | +0.17 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +4.4% | 2.42% | +0.10 |
| EAGG iShares ESG Aware US Aggrega | Add +51.0% | 0.28% | +0.09 |
| XVV iShares ESG Select Screened | Add +16.3% | 0.44% | +0.08 |
| BNDX Vanguard Total Intl Bond ETF | Add +17.0% | 0.48% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +30.9% | 0.20% | +0.05 |
| AMZN Amazon.com Inc. | Add +2.9% | 0.27% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +11.0% | 2.04% | +0.04 |
| SUSC iShares ESG Aware Usd Corpor | Add +44.6% | 0.13% | +0.04 |
| XJH Ishare ESG SS S&P Midcap ETF | Add +10.5% | 0.33% | +0.03 |
| SMOG Vaneck Low Carbon Energy ETF | Add +125.8% | 0.06% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.0% | 0.85% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +1.0% | 0.21% | +0.03 |
| NVDA Nvidia Corp. | Add +5.0% | 0.17% | +0.03 |
| DIS The Walt Disney Co. | Add +0.0% | 0.17% | +0.03 |
| TSLA Tesla Inc. | Add +2.5% | 0.05% | +0.02 |
| CRM Salesforce Inc. | Add +12.9% | 0.06% | +0.02 |
| HON Honeywell International Inc. | Add +24.6% | 0.06% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +1.1% | 1.37% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +19.6% | 0.07% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +18.1% | 0.07% | +0.01 |
| XJR Ishr ESG SS S&P Smal-Cap-Usd | Add +10.3% | 0.11% | +0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +2.6% | 0.44% | +0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +6.6% | 0.07% | +0.01 |
| SUSA iShares ESG Optimized MSCI U | Add +5.7% | 0.09% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +7.4% | 0.07% | +0.01 |
| BLK BlackRock Inc. | Add +0.7% | 0.07% | +0.01 |
| JPST JPMorgan Ultra-Short Income | Add +1.8% | 0.22% | +0.01 |
| WGHTQ WW International Inc. | New | 0.00% | +0.00 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +80.7% | 0.01% | +0.00 |
| IWS iShares Russell Mid-Cap Valu | New | 0.00% | +0.00 |
| EFV iShares MSCI Eafe Value ETF | New | 0.00% | +0.00 |
| USB US Bancorp | Add +7.3% | 0.04% | +0.00 |
| XSW SS SPDR S&P Soft & Serv ETF | New | 0.00% | +0.00 |
| FISV Fiserv Inc. | Add +2.1% | 0.02% | +0.00 |
| SCHH Schwab US REIT ETF | New | 0.00% | +0.00 |
| MA Mastercard Inc. Class A | Add +0.3% | 0.04% | +0.00 |
| BA The Boeing Co. | Add +10.8% | 0.01% | +0.00 |
| MINT PIMCO Enhanced Short Maturit | Add +2.2% | 0.05% | +0.00 |
| JUST Goldman Sachs Just US LRG | New | 0.00% | +0.00 |
| IBM Intl Business Machines Corp. | Add +11.7% | 0.01% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +40.4% | 0.00% | +0.00 |
| CVX Chevron Corp. | Add +1.9% | 0.06% | +0.00 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +0.5% | 0.03% | +0.00 |
| MPC Marathon Petroleum Corp. | Add +241.9% | 0.00% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | New | 0.00% | +0.00 |
| TBUX T Rowe Price Ultra Short-Ter | 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 |