JNBA Financial Advisors

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), JNBA Financial Advisors reported 817 stock positions worth $1.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 13.2% of the portfolio, followed by Ste STR SPDR PT DW Eu ETF (SPDW, 9.5%) and iShares 0-3 Month Treasury B (SGOV, 7.1%). Compared with Q4 2025, it opened 97 new positions, sold out of 76, added to 102 and reduced 222. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +66772%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −34%).

Most Recent 13F
Q2 2026
Location
BLOOMINGTON, MN
CIK
0001569118
Portfolio Value
$1.2B (Q1 2026)
SEC Filing
0001569118-26-000003 ↗ filed Apr 23, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $952.2M Q1 2024 Q2 2024: $947.8M Q2 2024 Q3 2024: $992.9M Q3 2024 Q4 2024: $979.3M Q4 2024 Q1 2025: $964.6M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.2B $1.2B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 817 stocks · $1.2B
IVV iShares Core S&P 500 ETF 13.15% 241,784 $157.9M Reduce -33.6%
SPDW Ste STR SPDR PT DW Eu ETF 9.53% 2,506,993 $114.4M Add +11.1%
SGOV iShares 0-3 Month Treasury B 7.10% 847,272 $85.3M Add +66772.3%
AVDE Avantis International Equity 5.00% 708,211 $60.1M New
IJH iShares Core S&P Midcap ETF 4.51% 802,743 $54.2M Reduce -2.0%
SPMD SS SPDR P S&P 400 Midcap ETF 4.20% 851,280 $50.4M Reduce -3.8%
VUG Vanguard Mrngstar GR ETF-Sui 3.56% 97,746 $42.7M Add +3.9%
SPEM State Street SP PTF Em ETF 3.11% 794,939 $37.3M Reduce -1.1%
MOAT Vaneck Morningstar Wide Moat 2.88% 358,066 $34.6M Reduce -4.4%
VEA Vanguard Ftse Developed ETF 2.79% 521,916 $33.4M Add +10.4%
AFL Aflac Inc. 1.96% 214,718 $23.6M Reduce -0.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.94% 77,840 $23.3M Add +24.4%
SPYG SS SPDR P S&P 500 Growth ETF 1.89% 231,595 $22.7M Reduce -3.7%
VIG Vanguard Dividend Apprec ETF 1.66% 92,589 $19.9M Reduce -3.8%
FNDF Schwab Fndmn Intl LRG Co. ETF 1.51% 370,177 $18.1M Reduce -4.2%
APG Api Group Corp. 1.42% 419,794 $17.0M No change
SPHQ Invesco S&P 500 Quality ETF 1.37% 219,166 $16.5M Reduce -1.6%
VWO Vanguard Ftse Emerging Marke 1.37% 303,865 $16.4M Add +0.4%
SPSM SS SPDR P S&P 600 Small Cap 1.30% 322,548 $15.6M Reduce -2.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.20% 49,982 $14.4M Reduce -0.8%
IJR iShares Core S&P Small-Cap E 1.03% 99,452 $12.4M Reduce -2.5%
MSFT Microsoft Corp. 1.01% 32,620 $12.1M Add +0.4%
IAU iShares Gold Trust 0.96% 130,749 $11.5M Reduce -8.4%
SPYM Ste STR SPDR PT S&P 500 ETF 0.89% 139,795 $10.7M Add +68.1%
PRF Invesco Rafi US 1000 ETF 0.87% 218,649 $10.4M Reduce -6.0%
VIGI Vanguard Int Div App Indx FD 0.71% 96,068 $8.5M Reduce -2.9%
MDYG SS SPDR S&P 400 MC GR ETF 0.68% 85,630 $8.2M Reduce -13.4%
CF CF Industries Holdings Inc. 0.68% 62,452 $8.1M Reduce -5.2%
VB Vanguard Most SM-Cap ETF-Usd 0.65% 29,595 $7.8M Reduce -4.0%
MDYV SS SPDR S&P 400 MC Val ETF 0.63% 88,612 $7.5M Reduce -10.4%
AAPL Apple Inc. 0.62% 29,394 $7.5M Reduce -2.0%
IVLU iShares MSCI International V 0.60% 182,698 $7.2M Reduce -17.7%
ESGD iShares Trust iShares ESG Aw 0.59% 74,628 $7.1M Add +6.2%
IJK iShares S&P Mid-Cap 400 Grow 0.53% 63,759 $6.4M Reduce -7.2%
SCHD Schwab US DVD Equity ETF 0.45% 177,201 $5.4M Reduce -28.0%
GLDM SPDR Gold Minishares Trust 0.45% 57,661 $5.3M Reduce -21.2%
AMAT Applied Materials Inc. 0.39% 13,733 $4.7M Reduce -4.4%
GGG Graco Inc. 0.38% 54,097 $4.6M Reduce -0.6%
AVEM Avantis Emerging Markets Eq 0.38% 56,531 $4.6M Reduce -4.5%
VTEB Vanguard Tax-Exempt Bond ETF 0.38% 90,994 $4.5M Reduce -6.7%
IJJ iShares S&P Mid-Cap 400 Valu 0.38% 34,147 $4.5M Reduce -3.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.35% 23,002 $4.2M Reduce -6.6%
XVV iShares ESG Select Screened 0.35% 85,643 $4.2M Reduce -15.2%
VEU Vanguard Ftse All-World Ex-U 0.34% 54,858 $4.1M Reduce -1.0%
CELC Celcuity Inc. 0.34% 35,753 $4.1M Reduce -2.7%
XJH Ishare ESG SS S&P Midcap ETF 0.33% 86,178 $3.9M Reduce -5.3%
VCSH Vanguard S/T Corp. Bond ETF 0.32% 49,030 $3.9M Reduce -2.4%
SPYV SS SPDR P S&P 500 Value ETF 0.31% 66,106 $3.7M Reduce -27.5%
EAGG iShares ESG Aware US Aggrega 0.30% 76,619 $3.6M Add +4.1%
VTI VG Morningstar TS MKT ETF-US 0.30% 11,103 $3.6M Reduce -1.6%
AGG iShares Core U.S. Aggregate 0.27% 32,479 $3.2M Add +4776.7%
VGT Vanguard Info Tech ETF 0.27% 4,597 $3.2M Reduce -0.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.26% 33,590 $3.1M Add +183.8%
INTC Intel Corp. 0.25% 68,673 $3.0M Reduce -1.4%
GOOG Alphabet Inc. Class C 0.25% 10,354 $3.0M Add +1.2%
DFEM Dimensional Emrg MRKT Core 0.25% 85,189 $2.9M Reduce -5.3%
EFG iShares MSCI Eafe Growth ETF 0.24% 25,892 $2.9M Reduce -7.0%
GOOGL Alphabet Inc. Class A 0.22% 9,360 $2.7M Add +0.6%
DON Wisdomtree US Midcap Dividen 0.21% 48,380 $2.5M Reduce -10.8%
JPM JPMorgan Chase & Co. 0.21% 8,558 $2.5M Add +0.2%
AMZN Amazon.com Inc. 0.20% 11,760 $2.4M Reduce -0.4%
MDT Medtronic PLC 0.20% 27,701 $2.4M Reduce -2.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.20% 3,659 $2.4M Reduce -1.4%
NVDA Nvidia Corp. 0.18% 12,643 $2.2M Add +3.4%
BRK.A Berkshire Hathaway Inc. Class A 0.18% 3 $2.2M No change
JNJ Johnson & Johnson 0.17% 8,411 $2.1M Reduce -15.8%
ABBV Abbvie Inc. 0.16% 9,022 $2.0M Reduce -1.9%
ESGE iShares Inc. iShares ESG Awar 0.16% 43,118 $2.0M Reduce -1.7%
JHMM John Hancock Multi Fact Mid 0.16% 28,393 $1.9M Reduce -2.5%
IDV iShares International Select 0.15% 42,833 $1.8M Reduce -12.2%
DES Wisdomtree US Smallcap Divid 0.15% 50,701 $1.8M Reduce -3.9%
XOM Exxon Mobil Corp. 0.12% 8,764 $1.5M Reduce -7.6%
MCD McDonald's Corp. 0.12% 4,663 $1.4M Reduce -5.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.12% 14,601 $1.4M Reduce -1.0%
SCHW Schwab (charles) Corp. 0.11% 14,591 $1.4M Reduce -0.6%
SUSC iShares ESG Aware Usd Corpor 0.11% 57,934 $1.3M Add +5.3%
GDX Vaneck Gold Miners ETF 0.11% 14,539 $1.3M Reduce -2.4%
BNDX Vanguard Total Intl Bond ETF 0.11% 27,441 $1.3M Add +1.2%
IEFA iShares Core MSCI Eafe ETF 0.11% 14,557 $1.3M Add +10.8%
ABT Abbott Laboratories 0.11% 12,679 $1.3M Reduce -1.4%
QCOM Qualcomm Inc. 0.11% 10,101 $1.3M Reduce -0.3%
VSGX Vanguard ESG Intl Stock ETF 0.11% 18,001 $1.3M Reduce -2.5%
SLYG SS SPDR S&P 600 SC GR ETF 0.11% 13,338 $1.3M Reduce -10.3%
TRV The Travelers Cos Inc. 0.11% 4,390 $1.3M Reduce -2.8%
AVUV Avantis US Small Cap Value 0.11% 11,555 $1.3M Add +0.2%
UNH Unitedhealth Group Inc. 0.10% 4,429 $1.2M Reduce -3.8%
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.10% 26,949 $1.2M Reduce -2.6%
META Meta Platforms Inc. Class A 0.10% 2,013 $1.2M Add +0.4%
CSCO Cisco Systems Inc. 0.09% 13,853 $1.1M Reduce -6.6%
SUSB iShares ESG Aware 1-5 Year U 0.09% 42,139 $1.1M Add +4.4%
PWV Invesco Large Cap Value ETF 0.09% 15,092 $1.1M Reduce -19.4%
IJT iShares S&P Small-Cap 600 GR 0.09% 7,112 $1.0M Reduce -3.5%
BBY Best Buy Co. Inc. 0.09% 16,000 $1.0M No change
SMOG Vaneck Low Carbon Energy ETF 0.08% 7,294 $1.0M Add +4.7%
CVX Chevron Corp. 0.08% 4,790 $991K Add +6.8%
ORCL Oracle Corp. 0.08% 6,624 $974K Add +0.5%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.08% 18,907 $964K No change
NVS Novartis AG-Sponsored ADR 0.08% 6,249 $954K Reduce -3.5%
DE Deere & Co. 0.08% 1,689 $951K Reduce -2.9%
QQQ Invesco QQQ Trust Series 1 0.08% 1,648 $951K Reduce -0.8%

Show all 817 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $35K (not counted above)
SecurityClassShares / PrincipalValueChange
ENERGY TRANSFER LP (ET 9.25 PERP I) 9.250% FXD PFD I 3,000$35KNew
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 4$64No change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q4 2025 → Q1 2026
IVV iShares Core S&P 500 ETF Reduce -33.6% 13.15% −8.65
MOAT Vaneck Morningstar Wide Moat Reduce -4.4% 2.88% −0.51
SPYG SS SPDR P S&P 500 Growth ETF Reduce -3.7% 1.89% −0.35
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -3.8% 4.20% −0.28
IJH iShares Core S&P Midcap ETF Reduce -2.0% 4.51% −0.21
VIG Vanguard Dividend Apprec ETF Reduce -3.8% 1.66% −0.19
SPEM State Street SP PTF Em ETF Reduce -1.1% 3.11% −0.18
SPYV SS SPDR P S&P 500 Value ETF Reduce -27.5% 0.31% −0.14
SCHD Schwab US DVD Equity ETF Reduce -28.0% 0.45% −0.14
IVLU iShares MSCI International V Reduce -17.7% 0.60% −0.13
MDYG SS SPDR S&P 400 MC GR ETF Reduce -13.4% 0.68% −0.11
XVV iShares ESG Select Screened Reduce -15.2% 0.35% −0.11
AFL Aflac Inc. Reduce -0.1% 1.96% −0.11
MDYV SS SPDR S&P 400 MC Val ETF Reduce -10.4% 0.63% −0.10
GLDM SPDR Gold Minishares Trust Reduce -21.2% 0.45% −0.10
AAPL Apple Inc. Reduce -2.0% 0.62% −0.09
SPHQ Invesco S&P 500 Quality ETF Reduce -1.6% 1.37% −0.09
PRF Invesco Rafi US 1000 ETF Reduce -6.0% 0.87% −0.09
QXO Qxo Inc. Sold out 0.00% −0.09
VIGI Vanguard Int Div App Indx FD Reduce -2.9% 0.71% −0.08
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.8% 1.20% −0.08
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −0.08
SPSM SS SPDR P S&P 600 Small Cap Reduce -2.8% 1.30% −0.06
IAU iShares Gold Trust Reduce -8.4% 0.96% −0.05
VTEB Vanguard Tax-Exempt Bond ETF Reduce -6.7% 0.38% −0.05
VB Vanguard Most SM-Cap ETF-Usd Reduce -4.0% 0.65% −0.05
IJK iShares S&P Mid-Cap 400 Grow Reduce -7.2% 0.53% −0.05
QCOM Qualcomm Inc. Reduce -0.3% 0.11% −0.04
IJR iShares Core S&P Small-Cap E Reduce -2.5% 1.03% −0.04
MDT Medtronic PLC Reduce -2.0% 0.20% −0.04
EFG iShares MSCI Eafe Growth ETF Reduce -7.0% 0.24% −0.04
VGT Vanguard Info Tech ETF Reduce -0.3% 0.27% −0.04
CRM Salesforce Inc. Reduce -4.2% 0.06% −0.04
JPST JPMorgan Ultra-Short Income Reduce -28.0% 0.08% −0.03
AMZN Amazon.com Inc. Reduce -0.4% 0.20% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -1.6% 0.30% −0.03
UNH Unitedhealth Group Inc. Reduce -3.8% 0.10% −0.03
DON Wisdomtree US Midcap Dividen Reduce -10.8% 0.21% −0.03
ABT Abbott Laboratories Reduce -1.4% 0.11% −0.03
IJJ iShares S&P Mid-Cap 400 Valu Reduce -3.5% 0.38% −0.03
DIS The Walt Disney Co. Reduce -1.0% 0.12% −0.03
XJH Ishare ESG SS S&P Midcap ETF Reduce -5.3% 0.33% −0.03
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -6.6% 0.35% −0.03
VCSH Vanguard S/T Corp. Bond ETF Reduce -2.4% 0.32% −0.03
ESGV Vanguard ESG US Stock ETF Reduce -23.0% 0.05% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.4% 0.20% −0.02
PWV Invesco Large Cap Value ETF Reduce -19.4% 0.09% −0.02
ABBV Abbvie Inc. Reduce -1.9% 0.16% −0.02
AVEM Avantis Emerging Markets Eq Reduce -4.5% 0.38% −0.02
IVW iShares S&P 500 Growth ETF Reduce -7.6% 0.08% −0.02

Portfolio Buys Q4 2025 → Q1 2026
SGOV iShares 0-3 Month Treasury B Add +66772.3% 7.10% +7.09
AVDE Avantis International Equity New 5.00% +5.00
SPDW Ste STR SPDR PT DW Eu ETF Add +11.1% 9.53% +0.77
SPYM Ste STR SPDR PT S&P 500 ETF Add +68.1% 0.89% +0.31
AGG iShares Core U.S. Aggregate Add +4776.7% 0.27% +0.26
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +24.4% 1.94% +0.22
VEA Vanguard Ftse Developed ETF Add +10.4% 2.79% +0.21
BIL SS SPDR BB 1-3M T-Bill ETF Add +183.8% 0.26% +0.16
SPOT Spotify Technology SA New 0.07% +0.07
CVX Chevron Corp. Add +6.8% 0.08% +0.02
SPTM SS SPDR P S&P 1500 Comp ETF Add +104.2% 0.03% +0.02
ESGD iShares Trust iShares ESG Aw Add +6.2% 0.59% +0.01
GLW Corning Inc. Add +5.7% 0.02% +0.01
IEFA iShares Core MSCI Eafe ETF Add +10.8% 0.11% +0.01
TGT Target Corp. Add +1.0% 0.03% +0.01
SMOG Vaneck Low Carbon Energy ETF Add +4.7% 0.08% +0.01
SSII SS Innovations International Add +33.3% 0.05% +0.01
WEC WEC Energy Group Inc. Add +33.3% 0.02% +0.00
COST Costco Wholesale Corp. Add +8.8% 0.03% +0.00
AVUV Avantis US Small Cap Value Add +0.2% 0.11% +0.00
IBM Intl Business Machines Corp. Add +73.4% 0.01% +0.00
TMUS T-Mobile US Inc. New 0.00% +0.00
ISRG Intuitive Surgical Inc. New 0.00% +0.00
TFC Truist Financial Corp. New 0.00% +0.00
MET Metlife Inc. Add +235.8% 0.00% +0.00
DFIV Dimensional International Va Add +71.5% 0.01% +0.00
GRID First TRST Nasd Class Edg Sgiif Add +24.9% 0.01% +0.00
GEV GE Vernova Inc. Add +10.6% 0.01% +0.00
IDEQ Lazard Intl Dynamic Eqy ETF New 0.00% +0.00
GARP iShares MSCI USA Quality Gar Add +2187.5% 0.00% +0.00
ESLT Elbit Systems Ltd. New 0.00% +0.00
PAVE Global X US Infrastructure Add +54.2% 0.00% +0.00
PEP Pepsico Inc. Add +0.4% 0.05% +0.00
NEE Nextera Energy Inc. Add +5.7% 0.01% +0.00
TSM Taiwan Semiconductor-SP ADR Add +8.0% 0.01% +0.00
AMCR Amcor PLC New 0.00% +0.00
ENSG The Ensign Group Inc. Add +29.5% 0.00% +0.00
INTU Intuit Inc. Add +410.0% 0.00% +0.00
CGDV Cap Group Dividend Value New 0.00% +0.00
MSI Motorola Solutions Inc. Add +2.2% 0.01% +0.00
QTI QT Imaging Holdings Inc. New 0.00% +0.00
SBUX Starbucks Corp. Add +4.5% 0.02% +0.00
TCAI Tortoise AI Infrastructr ETF Add +42.7% 0.00% +0.00
AON Aon PLC Class A New 0.00% +0.00
HQY Healthequity Inc. New 0.00% +0.00
HEI Heico Corp. New 0.00% +0.00
MEDP Medpace Holdings Inc. New 0.00% +0.00
WAT Waters Corp. New 0.00% +0.00
FTEC Fidelity MSCI Info Tech Indx New 0.00% +0.00
FIVE Five Below New 0.00% +0.00

Notes & Other Activity Q4 2025 → Q1 2026
ENERGY TRANSFER LP (ET 9.25 PERP I) 9.250% FXD PFD I New 3,000 $35K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 827$1.3BIVV, SPDW, SGOV, AVDE, IJH
Q1 2026 817$1.2BIVV, SPDW, SGOV, AVDE, IJH
Q4 2025 795$1.1BIVV, SPDW, IJH, SPMD, VUG
Q3 2025 650$1.1BIVV, SPDW, IJH, SPMD, VUG
Q2 2025 650$1.0BIVV, SPDW, BIL, IJH, SPMD
Q1 2025 646$964.6MIVV, SPDW, BIL, MOAT, IJH
Q4 2024 645$979.3MIVV, MOAT, SPDW, IJH, SPMD
Q3 2024 649$992.9MIVV, SPDW, MOAT, IJH, SPEM
Q2 2024 637$947.8MIVV, SPDW, MOAT, SPMD, IJH
Q1 2024 665$952.2MIVV, MOAT, SPDW, IJH, SCHD