SEC 13F Intelligence

Managers / Q1 2026

JMG Financial Group, Ltd.

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

Reported Value
$3.6B
Q1 2026
Positions
127
Filings on Record
30
2019–present window
Filed
May 7, 2026
original filing

Summary

Jmg Financial Group, Ltd. reported $3.6B in U.S.-listed holdings across 127 positions for Q1 2026.

The portfolio is heavily concentrated: VOO alone accounts for 22.9% of reported value.

Compared with Q4 2025, the fund opened 4 new positions and exited 3.

Portfolio Metrics

Turnover
+1.2%
vs prior filed quarter
Top-10 Concentration
+78.1%
share of reported value
Largest Position
+22.9%
Vanguard S P 500 Etf
New / Exited
4 / 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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: $2.0BQ1 ’23Q2 ’23: $2.1BQ4 ’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: 0.2%Closed-End Fund: 0.0%
  • ETP · 98.9% · $3.6B
  • Other · 0.8% · $31M
  • Common Stock · 0.2% · $8M
  • Closed-End Fund · 0.0% · $329,611

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DFGXDimensional International CoreNEW+76.4K76.4K+$4M$4M
DFAIDimensional Intl Core Equity MNEW+6.5K6.5K+$252,422$252,422
Nextera Energy IncNEW+2.4K2.4K+$225,884$225,884
RGLDRoyal Gold IncNEW+813813+$206,900$206,900
VXUSVanguard Total International SADDED+20.2K28.6K+$2M$2M
Fidelity National InformationSOLD OUT−3.4K0−$227,227$0
VTEBVanguard Tax Exempt Bond IndexSOLD OUT−4.4K0−$220,572$0
Akre Focus ETFSOLD OUT−3.3K0−$218,410$0

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

Holdings — Q1 2026

125 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VOOVanguard S&P 500 ETFhistory →COM22.94%$833M1.39M
2VEAVanguard MSCI EAFE ETFhistory →COM11.07%$402M6.28M
3VOVanguard Mid Cap Vipershistory →COM11.04%$401M1.40M
4DFSVDimensional US Small Cap Valuehistory →COM5.97%$217M6.19M
5SCHXSchwab US Large Cap ETFhistory →COM5.88%$214M8.33M
6SPYSPDR S&P 500 ETF Trusthistory →COM4.72%$171M263.7K
7DFICDFA International Core Equityhistory →COM4.68%$170M4.79M
8DFGRDimensional Global Real Estatehistory →COM4.64%$169M6.34M
9VWOVanguard MSCI Emerging Marketshistory →COM4.36%$158M2.93M
10SCHFSchwab International Equity EThistory →COM2.80%$102M4.12M
11SCHMSchwab US Mid Cap ETFhistory →COM2.62%$95M3.08M
12IWRiShares Russell Midcaphistory →COM2.45%$89M916.4K
13VBRVanguard Small Cap Valuehistory →COM2.35%$85M392.2K
14DFEMDimensional Emerging Markets Chistory →COM2.20%$80M2.31M
15VTIVanguard Total Stock Market Vihistory →COM1.33%$48M150.4K
16VVVanguard Large Caphistory →COM1.21%$44M147.1K
17SCHESchwab Emerging Marketshistory →COM0.86%$31M942.8K
18IVViShares Trust S&P 500 Indexhistory →COM0.73%$26M40.4K
19VNQVanguard REIT Vipershistory →COM0.62%$23M255.1K
20VEUVanguard FTSE All-World EX-UShistory →COM0.44%$16M214.5K
21IWFiShares Russell 1000 Growthhistory →COM0.41%$15M34.9K
22IWPiShares Russell Midcap Growthhistory →COM0.40%$15M114.6K
23IWBiShares Russell 1000 Index Funhistory →COM0.36%$13M37.0K
24VUGVanguard Growth Vipershistory →COM0.32%$12M26.7K
25VOEVanguard Mid Cap Valuehistory →COM0.30%$11M59.0K
26IWSiShares Russell Midcap Valuehistory →COM0.30%$11M74.1K
27VTVVanguard ValueCOM0.26%$10M48.9K
28VNQIVanguard Global Ex US Real EstCOM0.26%$9M209.0K
29SCHBSchwab US Broad Market ETFCOM0.21%$8M300.7K
30Invesco QQQ TrustCOM0.20%$7M12.9K
31SCHGSchwab US Large Cap Growth ETFCOM0.20%$7M254.8K
32IWMiShares Russell 2000 IndexCOM0.20%$7M29.8K
33VOTVanguard Mid Cap Growth IndexCOM0.18%$7M26.0K
34DFASDimensional US Small Cap ETFCOM0.18%$7M94.0K
35VBVanguard Small CapCOM0.15%$5M20.4K
36IWDiShares Russell 1000 Value IndCOM0.14%$5M24.4K
37EFAiShares MSCI EAFE Index FundCOM0.12%$4M43.7K
38VIGVanguard Dividend AppreciationCOM0.12%$4M19.6K
39SPDR S&P MidCap 400 ETF TrustCOM0.12%$4M6.8K
40IUSGiShares Core US Growth ETFCOM0.11%$4M26.3K
41DFGXDimensional International CoreCOM0.11%$4M76.4K
42XLKSector SPDR Technology SelectCOM0.10%$3M26.2K
43IJRiShares Trust S&P SmallCap 600COM0.09%$3M27.3K
44VTIPVanguard ST Inflation ProtecteCOM0.08%$3M56.8K
45Dimensional International ValuCOM0.08%$3M52.9K
46IWViShares Russell 3000 IndexCOM0.07%$3M7.2K
47ESGDiShares ESG Aware MSCI EAFE ETCOM0.07%$3M27.7K
48SCHPSchwab US Tips ETFCOM0.07%$2M91.0K
49SCHHSchwab US REIT ETFCOM0.06%$2M109.7K
50SCHDSchwab US Dividend Equity ETFCOM0.06%$2M76.2K
51SCHZSchwab US Aggregate Bond ETFCOM0.06%$2M99.8K
52EEMiShares MSCI Emerging MarketsCOM0.06%$2M38.9K
53VXUSVanguard Total International SCOM0.06%$2M28.6K
54IWOiShares Russell 2000 GrowthCOM0.06%$2M6.7K
55IWNiShares Russell 2000 ValueCOM0.06%$2M10.6K
56BRK/BBerkshire Hathaway Cl BCOM0.05%$2M4.2K
57Alphabet Inc Cl ACOM0.05%$2M6.8K
58Vanguard Total International BCOM0.05%$2M38.9K
59AGGiShares Core US Aggregate BondCOM0.05%$2M18.7K
60iShares Core MSCI EAFE ETFCOM0.05%$2M20.3K
61IShares Core MSCI Emerging ETFCOM0.05%$2M25.6K
62IVWiShares Tr S&P 500/Barra GrowtCOM0.05%$2M15.6K
63DVYiShares DJ Select Dividend IndCOM0.05%$2M11.2K
64DFARDimensional US Real Estate ETFCOM0.05%$2M69.4K
65SCHASchwab US Small Cap ETFCOM0.05%$2M56.4K
66ESGEiShares ESG Aware MSCI ETFCOM0.04%$2M33.3K
67ESGUiShares ESG Aware MSCI USA ETFCOM0.04%$1M10.3K
68ACWIiShares MSCI ACWI Index FundCOM0.04%$1M10.0K
69MSFTMicrosoft CorpCOM0.04%$1M3.6K
70SCHVSchwab US Large Cap Value ETFCOM0.04%$1M42.9K
71AAPLApple IncCOM0.04%$1M5.1K
72IJHiShares S&P Mid Cap 400 IndexCOM0.03%$1M17.8K
73iShares MSCI Minimum VolatilitCOM0.03%$1M12.8K
74iShares Core MSCI Total Intl SCOM0.03%$1M13.2K
75Invesco S&P 500 Equal Weight ECOM0.03%$1M5.9K
76SPDR Gold SharesCOM0.03%$1M2.5K
77IJJiShares S&P Mid Cap 400 ValueCOM0.03%$1M7.8K
78BNDVanguard Total Bond Market ETFCOM0.02%$814,16411.1K
79IVEiShares Trust S&P 500/Barra VaCOM0.02%$798,8433.8K
80FNDASchwab Fundamental US Small CoCOM0.02%$745,55623.0K
81DMXFiShares ESG Advanced MSCI EAFECOM0.02%$696,3289.2K
82EXMOCExxon Mobil CorporationCOM0.02%$692,8914.1K
83VTVanguard Total World Stock IndCOM0.02%$688,8245.0K
84USXFiShares ESG Advanced MSCI USACOM0.02%$642,14211.6K
85FNDXSchwab Fundamental Large Cap ICOM0.02%$627,87822.5K
86SCZiShares MSCI EAFE Small Cap InCOM0.02%$589,5657.5K
87Vanguard Russell 1000 GrowthCOM0.01%$530,4134.8K
88COSTCostco Wholesale CorpCOM0.01%$526,115528
89FNDFSchwab Fundamental Intl LargeCOM0.01%$515,03210.5K
90ITOTiShares Core S&P Total US StocCOM0.01%$513,8873.6K
91MasterCard IncCOM0.01%$509,2511.0K
92XLFSPDR Financial Select Sector ECOM0.01%$496,36610.1K
93iShares MSCI EAFE Minimum VolaCOM0.01%$477,9565.2K
94TDGTransDigm Group IncCOM0.01%$470,538406
95IJSiShares S&P Small Cap 600 ValuCOM0.01%$446,2433.8K
96TIPiShares Barclays US Treasury ICOM0.01%$433,7153.9K
97JNJJohnson & JohnsonCOM0.01%$403,7121.7K
98AMZNAmazon CommunicationsCOM0.01%$398,8371.9K
99SPDR S&P 500 Value ETFCOM0.01%$378,8036.7K
100IEIiShares Lehman 3-7 Year TreasuCOM0.01%$355,2073.0K

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$2.1B111Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.0B107Apr 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 ↗.