JF
JNBA Financial Advisors 13F Disclosure (Q2 2026) — Portfolio & Holdings
JNBA Financial AdvisorsCIK: 0001569118
Diversified strategyMomentum followerLong-term holder
Total reported value
$1.3B
Reporting period: 2026-06-30 · Number of holdings: 830
JNBA Financial Advisors disclosed 830 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.3B and a quarterly turnover rate of 13.3%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "J"
Personality snowflake
- Concentration
- 18.11
- Portfolio Stability
- 13.26
- Momentum
- 100
- Sector conviction
- 57.74
- Diversification
- 100
- Sizing Uniformity
- 39.49
JNBA Financial Advisors's disclosed holdings carry a Herfindahl concentration index of 0.045 — mathematically equivalent to about 22 equally-sized positions, well below its 830 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 6.05), 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 14% 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 APG
+66.6% $12.6M
Trim SPSM
-54.0% -$7.0M
Add INTC
-4.2% $6.2M
Add AMAT
-1.6% $5.1M
Trim SPDW
-3.1% $8.0M
Add VUG
+495.0% $7.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 830 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 13.16% | +0.01% | -3.98% | |
| 2 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 9.27% | -0.26% | -3.05% | |
| 3 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 7.04% | -0.06% | +9.06% | |
| 4 | AVDE | Avantis International Equity | ETF-Other | 5.20% | +0.20% | +8.71% | |
| 5 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 4.64% | +0.13% | -1.07% | |
| 6 | SPMD | Ss Spdr P S&p 400 Midcap ETF | ETF-Other | 4.17% | -0.03% | -4.16% | |
| 7 | VUG | Vanguard Growth ETF | ETF-Other | 3.79% | +0.23% | +494.98% | |
| 8 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 3.12% | +0.01% | +0.25% | |
| 9 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 2.89% | +0.11% | +2.57% | |
| 10 | MOAT | Vaneck Morningstar Wide Moat | ETF-Other | 2.67% | -0.21% | -5.34% | |
| 11 | APG | Api Group CORP | Stock-Industrials | 2.24% | +0.82% | +66.57% | |
| 12 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 2.02% | +0.13% | -3.20% | |
| 13 | VV | Vanguard Large-cap ETF | ETF-Other | 1.95% | +0.01% | -3.61% | |
| 14 | AFL | Aflac Inc | Stock-Financials | 1.91% | -0.05% | +0.00% | |
| 15 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.62% | -0.04% | -2.29% | |
| 16 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 1.51% | — | +2.20% | |
| 17 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 1.37% | — | -0.26% | |
| 18 | SPHQ | Invesco S&p 500 Quality ETF | ETF-Large Cap & Growth | 1.34% | -0.03% | -10.27% | |
| 19 | VO | Vanguard Mid-cap ETF | ETF-Other | 1.19% | -0.01% | +290.99% | |
| 20 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 1.08% | +0.19% | +15.97% | |
| 21 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.03% | — | -8.15% | |
| 22 | MSFT | Microsoft CORP | Stock-Tech | 0.92% | -0.09% | -0.24% | |
| 23 | PRF | Invesco Rafi US 1000 ETF | ETF-Other | 0.86% | -0.01% | -3.52% | |
| 24 | AMAT | Applied Materials Inc | Stock-Tech | 0.74% | +0.35% | -1.56% | |
| 25 | IAU | Ishares Gold Trust | ETF-Commodities | 0.74% | -0.22% | -1.47% | |
| 26 | INTC | Intel CORP | Stock-Tech | 0.70% | +0.45% | -4.23% | |
| 27 | AAPL | Apple Inc | Stock-Tech | 0.68% | +0.06% | +6.08% | |
| 28 | SPSM | Ss Spdr P S&p 600 Small Cap | ETF-Small Cap | 0.65% | -0.65% | -54.02% | |
| 29 | MDYG | Ss Spdr S&p 400 Mc Gr ETF | ETF-Other | 0.64% | -0.04% | -12.32% | |
| 30 | MDYV | Ss Spdr S&p 400 Mc Val ETF | ETF-Other | 0.62% | -0.01% | -2.95% | |
| 31 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 0.60% | -0.11% | -11.25% | |
| 32 | ESGD | Ishares Trust Ishares Esg Aw | ETF-Other | 0.58% | -0.01% | -0.14% | |
| 33 | IVLU | Ishares Msci International V | ETF-Other | 0.57% | -0.03% | -0.72% | |
| 34 | VB | Vanguard Small-cap ETF | ETF-Other | 0.56% | -0.09% | -17.86% | |
| 35 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-Other | 0.55% | +0.02% | -3.24% | |
| 36 | CF | Cf Industries Holdings Inc | Stock-Materials | 0.51% | -0.17% | — | |
| 37 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.41% | +0.03% | -1.33% | |
| 38 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-Other | 0.37% | -0.01% | -2.25% | |
| 39 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.37% | -0.08% | -13.64% | |
| 40 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.35% | -0.03% | +1.41% | |
| 41 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.35% | +0.01% | -0.19% | |
| 42 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 0.34% | -0.01% | -2.50% | |
| 43 | VGT | Vanguard Info Tech ETF | ETF-Tech | 0.33% | +0.06% | +690.71% | |
| 44 | XJH | Ishare Esg Ss S&p Midcap ETF | ETF-Other | 0.33% | — | -3.83% | |
| 45 | XVV | Ishares Esg Select Screened | ETF-Other | 0.33% | -0.02% | -11.65% | |
| 46 | GLDM | Spdr Gold Minishares Trust | ETF-Commodities | 0.31% | -0.13% | -9.14% | |
| 47 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.31% | +0.01% | -0.70% | |
| 48 | GGG | Graco Inc | Stock-Industrials | 0.31% | -0.07% | -0.38% | |
| 49 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.29% | -0.03% | -0.26% | |
| 50 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 0.29% | -0.02% | -5.85% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.4%
Performance Last 4 Quarters
+21.4%
- Stdev
- +11.5%
- Beta
- +0.82
- Alpha
- +0.6%
- Max Drawdown
- -5.8%
- Annualized Perf
- +17.5%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.87
- Stutzer
- +0.43
- Treynor
- +0.21
- Sterling
- +1.16
- Calmar
- +3.01
- Information Ratio
- -0.6
- Tracking Error
- +5.1%
- Stdev Down
- +5.9%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +29.7%
- Worst 12 Months
- +4.9%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.47
- Stdev Sectors
- +9.6%
- Skewness
- -0.18
- Kurtosis
- -0.33
- Upside Potential
- +4.5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 830 | $1.3B | 13 | ||
| 2026 Q1 | 819 | $1.2B | 27 | ||
| 2025 Q4 | 796 | $1.1B | 6 | ||
| 2025 Q3 | 651 | $1.1B | 34 | ||
| 2025 Q2 | 651 | $1.0B | 0 | ||
| 2025 Q1 | 647 | $964.6M | 100 | ||
| 2024 Q4 | 648 | $979.3M | 0 | ||
| 2024 Q3 | 652 | $992.9M | 0 | ||
| 2024 Q2 | 640 | $947.8M | 0 | ||
| 2024 Q1 | 668 | $952.2M | 0 | ||
| 2023 Q4 | 713 | $879.3M | 0 | ||
| 2023 Q3 | 749 | $800.9M | 0 | ||
| 2023 Q2 | 705 | $834.1M | 0 | ||
| 2023 Q1 | 723 | $768.4M | 0 | ||
| 2022 Q4 | 659 | $719.6M | 0 | ||
| 2022 Q3 | 709 | $648.1M | 0 | ||
| 2022 Q2 | 731 | $659.3M | 0 | ||
| 2022 Q1 | 718 | $755.0M | 0 | ||
| 2021 Q4 | 847 | $818.8M | 0 | ||
| 2021 Q3 | 749 | $744.0M | 0 | ||
| 2021 Q2 | 696 | $738.4M | 97 | ||
| 2021 Q1 | 663 | $688.8M | 14 | ||
| 2020 Q4 | 628 | $608.1M | 29 | ||
| 2020 Q3 | 591 | $496.1M | 9 | ||
| 2020 Q2 | 575 | $466.3M | 16 | ||
| 2020 Q1 | 582 | $416.2M | 29 | ||
| 2019 Q4 | 608 | $524.5M | 12 | ||
| 2019 Q3 | 593 | $491.7M | 9 | ||
| 2019 Q2 | 703 | $490.6M | 12 | ||
| 2019 Q1 | 557 | $465.2M | 18 | ||
| 2018 Q4 | 535 | $441.2M | 100 | ||
| 2018 Q3 | 496 | $222.9M | 100 | ||
| 2018 Q2 | 535 | $473.0M | 7 | ||
| 2018 Q1 | 504 | $467.1M | 7 | ||
| 2017 Q4 | 489 | $475.4M | 9 | ||
| 2017 Q3 | 486 | $448.0M | 31 | ||
| 2017 Q2 | 466 | $440.1M | 5 | ||
| 2017 Q1 | 477 | $423.6M | 7 | ||
| 2016 Q4 | 490 | $411.2M | 100 | ||
| 2016 Q3 | 1611 | $684.6M | 100 | ||
| 2016 Q2 | 523 | $357.8M | 51 | ||
| 2016 Q1 | 562 | $278.0M | 13 | ||
| 2015 Q4 | 538 | $261.1M | 19 | ||
| 2015 Q3 | 552 | $234.8M | 45 | ||
| 2015 Q2 | 545 | $263.9M | 6 | ||
| 2015 Q1 | 552 | $259.9M | 8 | ||
| 2014 Q4 | 568 | $248.2M | 18 | ||
| 2014 Q3 | 603 | $220.5M | 14 | ||
| 2014 Q2 | 516 | $206.3M | 13 | ||
| 2014 Q1 | 484 | $189.9M | 9 | ||
| 2013 Q4 | 442 | $182.6M | 18 | ||
| 2013 Q3 | 432 | $160.4M | 13 | ||
| 2013 Q2 | 388 | $145.6M | 0 |
Holding changes this quarter
JNBA Financial Advisors's most significant position changes for 2026-06-30: New buy: Lumentum Holdings Inc (LITE); New buy: Bloom Energy Corp- A (BE); Sold out: Honeywell International Inc (HON); New buy: Dimensional US Core Eq 1 ETF (DCOR); New buy: .
Showing top 200 changes by size (of 914 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | APG | Api Group CORP | +0.8% | +66.57% | Add |
| 2 | INTC | Intel CORP | +0.5% | -4.23% | Trim |
| 3 | AMAT | Applied Materials Inc | +0.4% | -1.56% | Trim |
| 4 | VUG | Vanguard Growth ETF | +0.2% | +494.98% | Add |
| 5 | AVDE | Avantis International Equity | +0.2% | +8.71% | Add |
| 6 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.2% | +15.97% | Add |
| 7 | IJH | Ishares Core S&p Midcap ETF | +0.1% | -1.07% | Trim |
| 8 | SPYG | Ss Spdr P S&p 500 Growth ETF | +0.1% | -3.20% | Trim |
| 9 | VEA | Vanguard Ftse Developed ETF | +0.1% | +2.57% | Add |
| 10 | AVGO | Broadcom Inc | +0.1% | +720.57% | Add |
| 11 | FLEX | Flex Ltd. | +0.1% | +21752.94% | Add |
| 12 | AAPL | Apple Inc | +0.1% | +6.08% | Add |
| 13 | VGT | Vanguard Info Tech ETF | +0.1% | +690.71% | Add |
| 14 | LITE | Lumentum Holdings Inc | +0.1% | NEW | New buy |
| 15 | BE | Bloom Energy Corp- A | +0.1% | NEW | New buy |
| 16 | GOOGL | Alphabet Inc-cl A | 0% | +1.26% | Add |
| 17 | UNH | Unitedhealth Group Inc | 0% | +1.72% | Add |
| 18 | AMZN | Amazon.com Inc | 0% | +10.78% | Add |
| 19 | AVEM | Avantis Emerging Markets Eq | 0% | -1.33% | Trim |
| 20 | QCOM | Qualcomm Inc | 0% | -0.58% | Trim |
| 21 | CSCO | Cisco Systems Inc | 0% | -0.71% | Trim |
| 22 | DCOR | Dimensional US Core Eq 1 ETF | 0% | NEW | New buy |
| 23 | IJK | Ishares S&p Mid-cap 400 Grow | 0% | -3.24% | Trim |
| 24 | GOOG | Alphabet Inc-cl C | 0% | -1.13% | Trim |
| 25 | NVDA | Nvidia CORP | 0% | +2.68% | Add |
| 26 | AIQ | Global X Art Intel & Tech | 0% | — | Unchanged |
| 27 | ESGE | Ishares Inc Ishares Esg Awar | 0% | -1.86% | Trim |
| 28 | ✓ | 0% | NEW | New buy | |
| 29 | ✓ | 0% | NEW | New buy | |
| 30 | DFIC | Dimensional International Co | 0% | NEW | New buy |
| 31 | ✓ | 0% | NEW | New buy | |
| 32 | GLW | Corning Inc | 0% | -7.63% | Trim |
| 33 | IVV | Ishares Core S&p 500 ETF | 0% | -3.98% | Trim |
| 34 | SPEM | State Street Sp Ptf Em ETF | 0% | +0.25% | Add |
| 35 | VV | Vanguard Large-cap ETF | 0% | -3.61% | Trim |
| 36 | VTI | Vanguard Total Stock Mkt ETF | 0% | -0.70% | Trim |
| 37 | VEU | Vanguard Ftse All-world Ex-u | 0% | -0.19% | Trim |
| 38 | DFEM | Dimensional Emrg Mrkt Core | 0% | -1.73% | Trim |
| 39 | ABBV | Abbvie Inc | 0% | -0.20% | Trim |
| 40 | QQQ | Invesco Qqq Trust Series 1 | 0% | -2.25% | Trim |
| 41 | FSLR | First Solar Inc | 0% | +4.24% | Add |
| 42 | BAC | Bank Of America CORP | 0% | +4.72% | Add |
| 43 | MMM | 3m Co | 0% | +13.55% | Add |
| 44 | TSLA | Tesla Inc | 0% | +8.48% | Add |
| 45 | LLY | Eli Lilly & Co | 0% | +0.45% | Add |
| 46 | IWM | Ishares Russell 2000 ETF | 0% | -5.51% | Trim |
| 47 | IWF | Ishares Russell 1000 Growth | 0% | +299.84% | Add |
| 48 | BP | Bp Plc-spons Adr | 0% | +2804.76% | Add |
| 49 | TSM | Taiwan Semiconductor-sp Adr | 0% | +9.76% | Add |
| 50 | CAT | Caterpillar Inc | 0% | -3.66% | Trim |
1–50 of 200
Filing History
FAQ
What is JNBA Financial Advisors and what type of investor is it?
JNBA Financial Advisors 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 $1.3B, spread across 830 disclosed positions.
What are JNBA Financial Advisors's largest equity positions?
Based on the latest 13F filing, JNBA Financial Advisors's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $173.9M (13.2%)
2. Ste Str Spdr Pt Dw EU ETF (SPDW) — $122.5M (9.3%)
3. Ishares 0-3 Month Treasury B (SGOV) — $93.0M (7.0%)
4. Avantis International Equity (AVDE) — $68.7M (5.2%)
5. Ishares Core S&p Midcap ETF (IJH) — $61.2M (4.6%)
What changes did JNBA Financial Advisors make in its most recent portfolio filing?
In the latest reported quarter, JNBA Financial Advisors made 177 notable position adjustments: 12 new positions were initiated, 59 existing holdings were added to, 102 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Lumentum Holdings Inc (LITE); New buy: Bloom Energy Corp- A (BE); Sold out: Honeywell International Inc (HON); New buy: Dimensional US Core Eq 1 ETF (DCOR); New buy:
What sectors does JNBA Financial Advisors focus on?
JNBA Financial Advisors is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 29.9%
• Industrials: 21.6%
• Financials: 20.3%
• Health Care: 8.5%
• Communication Services: 5.8%
• Consumer Discretionary: 4.6%
Investment Profile
JNBA Financial Advisors returned an annualized 17.5% 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 0.82 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its SGOV position over the past two quarters (+$92.9M, now $93.0M), while trimming GLDM over the same stretch (-$2.1M, still holding $4.2M).
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Developer Access
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