SEC 13F Intelligence

Managers / Q2 2025 · view latest →

JMG Financial Group, Ltd.

CIK 0001314404 · 2001 BUTTERFIELD ROAD, SUITE 1400, DOWNERS GROVE, IL, 60515 · 630-573-6942

Reported Value
$3.3B
Q2 2025
Positions
124
Filings on Record
30
2019–present window
Filed
Aug 12, 2025
original filing

Summary

Jmg Financial Group, Ltd. reported $3.3B in U.S.-listed holdings across 124 positions for Q2 2025.

The portfolio is heavily concentrated: Vanguard S P 500 Etf alone accounts for 23.4% of reported value.

Compared with Q1 2025, the fund opened 7 new positions and exited 3.

Portfolio Metrics

Turnover
+0.2%
vs prior filed quarter
Top-10 Concentration
+77.3%
share of reported value
Largest Position
+23.4%
Vanguard S P 500 Etf
New / Exited
7 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $871MQ4 ’18Q1 ’19: $859MQ2 ’19: $933MQ3 ’19: $956MQ4 ’19: $1.0BQ4 ’19Q1 ’20: $938MQ2 ’20: $1.1BQ3 ’20: $1.2BQ4 ’20: $1.5BQ4 ’20Q1 ’21: $1.6BQ2 ’21: $1.8BQ3 ’21: $1.8BQ4 ’21: $2.0BQ4 ’21Q1 ’22: $2.0BQ2 ’22: $1.6BQ3 ’22: $1.5BQ1 ’23: $2MQ1 ’23Q2 ’23: $2MQ4 ’23: $2.4BQ1 ’24: $2.6BQ2 ’24: $2.7BQ2 ’24Q3 ’24: $2.9BQ4 ’24: $2.9BQ1 ’25: $3.0BQ2 ’25: $3.3BQ2 ’25Q3 ’25: $3.5BQ4 ’25: $3.6BQ1 ’26: $3.6Bfilingsflow.com

Portfolio Composition

By security type
ETP: 98.9%Other: 0.8%Common Stock: 0.3%
  • ETP · 98.9% · $3.3B
  • Other · 0.8% · $27M
  • Common Stock · 0.3% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NFLXNetFlix IncNEW+578578+$774,017$774,017
JP Morgan Chase & CoNEW+1.3K1.3K+$388,802$388,802
IBITiShares BitcoinNEW+5.0K5.0K+$306,172$306,172
iShares MSCI All Country WorldNEW+1.9K1.9K+$225,757$225,757
PANWPalo Alto Networks IncNEW+1.1K1.1K+$220,193$220,193
SPDR Portfolio Developed WorldNEW+5.3K5.3K+$213,423$213,423
TXNTexas Instruments IncNEW+1.0K1.0K+$207,620$207,620
iShares Core US Aggregate BondADDED+12.6K19.2K+$1M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Vanguard S&P 500 ETFCOM23.40%$772M1.36M
2Vanguard Mid Cap VipersCOM11.25%$371M1.33M
3Vanguard MSCI EAFE ETFCOM10.86%$358M6.28M
4Schwab US Large Cap ETFCOM6.73%$222M9.08M
5SPDR S&P 500 ETF TrustCOM4.99%$165M266.6K
6DFSVDimensional US Small Cap Valuehistory →COM4.84%$160M5.43M
7Vanguard MSCI Emerging MarketsCOM4.33%$143M2.89M
8Dimensional Global Real EstateCOM4.06%$134M5.00M
9DFA International Core EquityCOM3.92%$129M4.16M
10Schwab International Equity ETCOM2.95%$97M4.40M
11Schwab US Mid Cap ETFCOM2.80%$93M3.30M
12iShares Russell MidcapCOM2.53%$84M908.3K
13Vanguard Small Cap ValueCOM2.35%$78M398.0K
14Dimensional Emerging Markets CCOM1.77%$58M1.97M
15Vanguard Total Stock Market ViCOM1.49%$49M162.1K
16Vanguard Large CapCOM1.32%$44M153.0K
17Schwab Emerging MarketsCOM0.97%$32M1.06M
18iShares Trust S&P 500 IndexCOM0.77%$25M41.1K
19Vanguard REIT VipersCOM0.67%$22M249.9K
20iShares Russell Midcap GrowthCOM0.50%$17M119.3K
21iShares Russell 1000 GrowthCOM0.47%$15M36.5K
22Vanguard FTSE All-World EX-USCOM0.46%$15M225.0K
23iShares Russell 1000 Index FunCOM0.42%$14M41.0K
24VUGVanguard Growth Vipershistory →COM0.39%$13M29.1K
25iShares Russell Midcap ValueCOM0.31%$10M78.4K
26Vanguard Mid Cap ValueCOM0.30%$10M60.3K
27Vanguard Global Ex US Real EstCOM0.28%$9M199.5K
28VTVVanguard ValueCOM0.26%$9M48.7K
29Schwab US Broad Market ETFCOM0.24%$8M332.9K
30Schwab US Large Cap Growth ETFCOM0.23%$8M264.7K
31Vanguard Mid Cap Growth IndexCOM0.23%$8M27.1K
32Invesco QQQ TrustCOM0.21%$7M12.5K
33iShares Russell 2000 IndexCOM0.20%$7M30.6K
34Dimensional US Small Cap ETFCOM0.18%$6M93.4K
35iShares Russell 1000 Value IndCOM0.15%$5M25.4K
36Vanguard Small CapCOM0.15%$5M20.3K
37SPDR S&P MidCap 400 ETF TrustCOM0.12%$4M7.2K
38iShares Core US Growth ETFCOM0.12%$4M26.2K
39Vanguard Dividend AppreciationCOM0.12%$4M18.8K
40iShares MSCI EAFE Index FundCOM0.11%$4M40.2K
41Sector SPDR Technology SelectCOM0.10%$3M13.1K
42iShares Tr S&P 500/Barra GrowtCOM0.09%$3M28.0K
43Schwab US Tips ETFCOM0.09%$3M111.8K
44iShares Trust S&P SmallCap 600COM0.09%$3M26.8K
45iShares Russell 3000 IndexCOM0.09%$3M8.3K
46Vanguard ST Inflation ProtecteCOM0.09%$3M56.8K
47ESGDiShares ESG Aware MSCI EAFE ETCOM0.09%$3M32.0K
48MSFTMicrosoft CorpCOM0.09%$3M5.7K
49Schwab US Aggregate Bond ETFCOM0.08%$3M117.0K
50Schwab US REIT ETFCOM0.08%$3M122.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.6B127May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.6B126Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.5B122Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$3.3B124Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.0B120May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.9B112Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.9B117Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.7B117Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.6B120Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.4B121Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023Under review109Oct 31, 202313F-HRchanges · EDGAR ↗
Q2 2023$2M111Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023$2M107Apr 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review102Jan 27, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.5B91Oct 17, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.6B94Jul 26, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.0B86Apr 27, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.0B82Jan 25, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.8B82Oct 19, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.8B84Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.6B82May 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.5B80Feb 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.2B70Oct 23, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.1B74Jul 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$938M72Apr 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.0B78Jan 21, 202013F-HRchanges · EDGAR ↗
Q3 2019$956M72Oct 24, 201913F-HRchanges · EDGAR ↗
Q2 2019$933M73Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$859M70May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$871M66Jan 24, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.