JF
JMG Financial Group, Ltd. 13F Holdings & Position Changes (Q2 2026)
JMG Financial Group, Ltd.CIK: 0001314404
Momentum followerLong-term holder
Total reported value
$4.1B
Reporting period: 2026-06-30 · Number of holdings: 137
JMG Financial Group, Ltd. disclosed 137 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.1B and a quarterly turnover rate of 13.2%.
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Personality snowflake
- Concentration
- 38.85
- Portfolio Stability
- 13.17
- Momentum
- 100
- Sector conviction
- 60.24
- Diversification
- 100
- Sizing Uniformity
- 64.79
JMG Financial Group, Ltd.'s disclosed holdings carry a Herfindahl concentration index of 0.097 — mathematically equivalent to about 10 equally-sized positions, well below its 137 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.52), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd VOO
+0.9% $132.8M
Trim VEA
-0.4% $43.4M
Add DFGX
+278.3% $11.5M
Trim DFIC
+3.9% $15.3M
Trim VWO
-1.1% $14.6M
Add SCHM
-0.2% $18.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 23.34% | +0.40% | +0.87% | |
| 2 | VO | Vanguard Mid-cap ETF | ETF-Other | 10.99% | -0.05% | +304.31% | |
| 3 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 10.76% | -0.31% | -0.35% | |
| 4 | SCHX | Schwab US Large-cap ETF | ETF-Other | 5.93% | +0.05% | +0.01% | |
| 5 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 5.91% | -0.06% | +1.94% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 4.75% | +0.03% | -0.09% | |
| 7 | DFGR | Dim Global Real Estate ETF | ETF-Other | 4.70% | +0.06% | +5.77% | |
| 8 | DFIC | Dimensional International Co | ETF-Other | 4.48% | -0.20% | +3.91% | |
| 9 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 4.18% | -0.18% | -1.09% | |
| 10 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 2.74% | +0.12% | -0.17% | |
| 11 | SCHF | Schwab Intl Equity ETF | ETF-Other | 2.74% | -0.06% | -0.69% | |
| 12 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 2.43% | -0.02% | -0.30% | |
| 13 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 2.29% | +0.09% | +0.92% | |
| 14 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 2.23% | -0.12% | -3.16% | |
| 15 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.30% | -0.03% | -3.20% | |
| 16 | VV | Vanguard Large-cap ETF | ETF-Other | 1.21% | — | -1.02% | |
| 17 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.84% | -0.02% | +1.88% | |
| 18 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.72% | -0.01% | -1.36% | |
| 19 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.59% | -0.03% | -0.04% | |
| 20 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.43% | -0.01% | -1.08% | |
| 21 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.42% | +0.01% | +300.76% | |
| 22 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 0.40% | — | -1.06% | |
| 23 | DFGX | Dimsnl Intr Cf In Etf-usd In | ETF-Other | 0.37% | +0.26% | +278.30% | |
| 24 | IWB | Ishares Russell 1000 ETF | ETF-Other | 0.35% | -0.01% | -3.52% | |
| 25 | VUG | Vanguard Growth ETF | ETF-Other | 0.33% | +0.01% | +496.06% | |
| 26 | IWS | Ishares Russell Mid-cap Valu | ETF-Other | 0.29% | -0.01% | -0.47% | |
| 27 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 0.27% | -0.03% | -2.64% | |
| 28 | VTV | Vanguard Value ETF | ETF-Other | 0.26% | — | -0.62% | |
| 29 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.23% | +0.03% | +2.36% | |
| 30 | VNQI | Vanguard Glbl Ex-us Real Est | ETF-Other | 0.23% | -0.03% | +1.11% | |
| 31 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.21% | +0.01% | +2.90% | |
| 32 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.21% | +0.01% | -1.67% | |
| 33 | SCHB | Schwab US Broad Market ETF | ETF-Other | 0.20% | -0.01% | -2.62% | |
| 34 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 0.19% | +0.01% | -0.05% | |
| 35 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 0.18% | — | -5.51% | |
| 36 | VB | Vanguard Small-cap ETF | ETF-Other | 0.15% | — | +1.58% | |
| 37 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.14% | — | -1.76% | |
| 38 | IUSG | Ishares Core S&p U.s. Growth | ETF-Other | 0.13% | +0.02% | +5.72% | |
| 39 | XLK | Ss Technology Select Sector | ETF-Tech | 0.12% | +0.02% | — | |
| 40 | MDY | State Street Spdr S&p Midcap | ETF-Other | 0.12% | — | — | |
| 41 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.11% | -0.01% | +0.09% | |
| 42 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.11% | -0.01% | -1.18% | |
| 43 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.10% | +0.01% | +1.00% | |
| 44 | PYLD | Pimco Multisector Bond Actv | ETF-Other | 0.08% | +0.08% | NEW | |
| 45 | SCHH | Schwab US Reit ETF | ETF-Other | 0.07% | +0.01% | +14.35% | |
| 46 | VTIP | Vanguard Short-term Tips | ETF-Other | 0.07% | -0.01% | +1.07% | |
| 47 | DFIV | Dimensional International Va | ETF-Other | 0.07% | -0.01% | +0.11% | |
| 48 | IWV | Ishares Russell 3000 ETF | ETF-Other | 0.07% | — | -7.35% | |
| 49 | ESGD | Ishares Trust Ishares Esg Aw | ETF-Other | 0.07% | — | -3.50% | |
| 50 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.06% | — | +8.50% |
1–50 of 137
Portfolio Performance
Performance for Q3 2026
+2.6%
Performance Last 4 Quarters
+21.5%
- Stdev
- +12.2%
- Beta
- +0.89
- Alpha
- +0.6%
- Max Drawdown
- -6%
- Annualized Perf
- +19.3%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.99
- Stutzer
- +0.44
- Treynor
- +0.21
- Sterling
- +1.27
- Calmar
- +3.22
- Information Ratio
- -0.36
- Tracking Error
- +4.2%
- Stdev Down
- +6.2%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +32.4%
- Worst 12 Months
- +5.9%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.51
- Stdev Sectors
- +10%
- Skewness
- -0.12
- Kurtosis
- -0.17
- Upside Potential
- +4.53
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 137 | $4.1B | 13 | ||
| 2026 Q1 | 127 | $3.6B | 4 | ||
| 2025 Q4 | 126 | $3.6B | 3 | ||
| 2025 Q3 | 122 | $3.5B | 16 | ||
| 2025 Q2 | 124 | $3.3B | 0 | ||
| 2025 Q1 | 120 | $3.0B | 100 | ||
| 2024 Q4 | 112 | $2.9B | 0 | ||
| 2024 Q3 | 117 | $2.9B | 0 | ||
| 2024 Q2 | 117 | $2.7B | 0 | ||
| 2024 Q1 | 120 | $2.6B | 0 | ||
| 2023 Q4 | 121 | $2.4B | 0 | ||
| 2023 Q3 | 109 | $2.1B | 0 | ||
| 2023 Q2 | 111 | $2.1B | 0 | ||
| 2023 Q1 | 107 | $2.0B | 0 | ||
| 2022 Q4 | 102 | $1.8B | 0 | ||
| 2022 Q3 | 91 | $1.5B | 0 | ||
| 2022 Q2 | 94 | $1.6B | 0 | ||
| 2022 Q1 | 86 | $2.0B | 0 | ||
| 2021 Q4 | 82 | $2.0B | 0 | ||
| 2021 Q3 | 82 | $1.8B | 0 | ||
| 2021 Q2 | 84 | $1.8B | 100 | ||
| 2021 Q1 | 82 | $1.6B | 11 | ||
| 2020 Q4 | 80 | $1.5B | 17 | ||
| 2020 Q3 | 70 | $1.2B | 9 | ||
| 2020 Q2 | 74 | $1.1B | 20 | ||
| 2020 Q1 | 72 | $937.5M | 15 | ||
| 2019 Q4 | 78 | $1.0B | 12 | ||
| 2019 Q3 | 72 | $955.6M | 4 | ||
| 2019 Q2 | 73 | $932.9M | 9 | ||
| 2019 Q1 | 70 | $858.9M | 10 | ||
| 2018 Q4 | 66 | $870.7M | 21 | ||
| 2018 Q3 | 70 | $954.6M | 17 | ||
| 2018 Q2 | 68 | $908.5M | 14 | ||
| 2018 Q1 | 61 | $848.8M | 4 | ||
| 2017 Q4 | 63 | $841.6M | 8 | ||
| 2017 Q3 | 56 | $778.8M | 6 | ||
| 2017 Q2 | 56 | $803.1M | 7 | ||
| 2017 Q1 | 57 | $757.6M | 17 | ||
| 2016 Q4 | 55 | $655.0M | 10 | ||
| 2016 Q3 | 52 | $613.0M | 8 | ||
| 2016 Q2 | 52 | $579.0M | 12 | ||
| 2016 Q1 | 56 | $533.1M | 32 | ||
| 2015 Q4 | 57 | $473.6M | 18 | ||
| 2015 Q3 | 55 | $407.6M | 12 | ||
| 2015 Q2 | 56 | $432.8M | 5 | ||
| 2015 Q1 | 57 | $428.3M | 16 | ||
| 2014 Q4 | 56 | $383.3M | 15 | ||
| 2014 Q3 | 55 | $359.9M | 5 | ||
| 2014 Q2 | 55 | $354.7M | 9 | ||
| 2014 Q1 | 55 | $328.0M | 12 | ||
| 2013 Q4 | 53 | $337.1M | 20 | ||
| 2013 Q3 | 52 | $307.6M | 7 | ||
| 2013 Q2 | 48 | $295.5M | — |
Holding changes this quarter
JMG Financial Group, Ltd.'s most significant position changes for 2026-06-30: New buy: Pimco Multisector Bond Actv (PYLD); New buy: Fundstr Gran Sh US Lrg Cap (GRNY); New buy: Sp Funds Dow Jones Global Su (SPSK); New buy: Ishares Core S&p U.s. Value (IUSV); New buy: Invesco Rafi US 1000 ETF (PRF).
1–50 of 140
Filing History
FAQ
What is JMG Financial Group, Ltd. and what type of investor is it?
JMG Financial Group, Ltd. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.1B, spread across 137 disclosed positions.
What are JMG Financial Group, Ltd.'s largest equity positions?
Based on the latest 13F filing, JMG Financial Group, Ltd.'s top holdings by market value are:
1. Vanguard S&p 500 ETF (VOO) — $966.3M (23.3%)
2. Vanguard Mid-cap ETF (VO) — $454.9M (11.0%)
3. Vanguard Ftse Developed ETF (VEA) — $445.6M (10.8%)
4. Schwab US Large-cap ETF (SCHX) — $245.3M (5.9%)
5. Dimensional US Small Cap Val (DFSV) — $244.8M (5.9%)
What changes did JMG Financial Group, Ltd. make in its most recent portfolio filing?
In the latest reported quarter, JMG Financial Group, Ltd. made 108 notable position adjustments: 13 new positions were initiated, 40 existing holdings were added to, 52 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Pimco Multisector Bond Actv (PYLD); New buy: Fundstr Gran Sh US Lrg Cap (GRNY); New buy: Sp Funds Dow Jones Global Su (SPSK); New buy: Ishares Core S&p U.s. Value (IUSV); New buy: Invesco Rafi US 1000 ETF (PRF)
What sectors does JMG Financial Group, Ltd. focus on?
JMG Financial Group, Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 34.9%
• Communication Services: 22.3%
• Financials: 9.1%
• Consumer Discretionary: 6.9%
• Industrials: 6.8%
• Consumer Staples: 6.7%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
JMG Financial Group, Ltd. returned an annualized 19.3% over the trailing 36 months — outperforming the S&P 500 by 0.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.89 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 34.9% of the portfolio concentrated in Information Technology.
It has added to its VO position over the past two quarters (+$62.9M, now $454.9M), while trimming SCHZ over the same stretch (-$1.1M, still holding $1.3M).
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Developer Access
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