Q2 2026 13F · SEC CIK 1314404

JMG Financial Group, Ltd.

Wealth managerFiled 2026-07-31 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $4.1B
Reported positions: 137
Top holdings a year, 3 yrs: +17.8%
Assets under management: $7.5B

JMG Financial Group, Ltd. is a wealth manager that reported 137 positions worth $4.1B in its Q2 2026 13F, filed 2026-07-31. Its largest holdings were Vanguard Index Fds (VOO, 23.3%), Vanguard Index Fds (VO, 11.0%), Vanguard Ftse Developed Markets Index Fu (VEA, 10.8%). A portfolio copying its top holdings returned 17.8% a year over the last 3 years, against 20.4% for the S&P 500.

JMG Financial Group, Ltd. holdings largest 50 of 137 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

JMG Financial Group, Ltd. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VOOVanguard Index Fds	23.3%	22.9%	1,406,914	+0.9%	$966.3M
VOVanguard Index Fds	11.0%	11.0%	5,646,613	+304.3%	$454.9M
VEAVanguard Ftse Developed Markets Index Fu	10.8%	11.1%	6,253,672	-0.4%	$445.6M
SCHXSchwab Strategic Tr	5.9%	5.9%	8,334,300	+0.0%	$245.3M
DFSVDimensional US Small Cap	5.9%	6.0%	6,311,245	+1.9%	$244.8M
SPYState Str Spdr S&p 500 ETF T	4.8%	4.7%	263,441	-0.1%	$196.7M
DFGRDimensional ETF Trust	4.7%	4.6%	6,710,457	+5.8%	$194.4M
DFICDimensional ETF Trust	4.5%	4.7%	4,973,487	+3.9%	$185.3M
VWOVanguard Intl Equity Index F	4.2%	4.4%	2,898,490	-1.1%	$173.0M
SCHMSchwab Strategic Tr	2.7%	2.6%	3,074,425	-0.2%	$113.4M
SCHFSchwab Strategic Tr	2.7%	2.8%	4,087,794	-0.7%	$113.2M
IWRIshares Tr	2.4%	2.5%	913,629	-0.3%	$100.8M
DFEMDimensional ETF Trust	2.3%	2.2%	2,333,403	+0.9%	$94.8M
VBRVanguard Index Fds	2.2%	2.3%	379,798	-3.2%	$92.3M
VTIVanguard Index Fds	1.3%	1.3%	145,598	-3.2%	$53.9M
VVVanguard Index Fds	1.2%	1.2%	145,565	-1.0%	$50.1M
SCHESchwab Strategic Tr	0.8%	0.9%	960,587	+1.9%	$34.8M
IVVIshares Tr	0.7%	0.7%	39,892	-1.4%	$29.9M
VNQVanguard Index Fds	0.6%	0.6%	254,989	-0.0%	$24.6M
VEUVanguard Intl Equity Index F	0.4%	0.4%	212,142	-1.1%	$17.8M
IWFIshares Tr	0.4%	0.4%	139,940	+300.8%	$17.4M
IWPIshares Tr	0.4%	0.4%	113,405	-1.1%	$16.6M
DFGXDimensional Global ex US Core Fixed Inco	0.4%	0.1%	288,905	+278.3%	$15.5M
IWBIshares Tr	0.4%	0.4%	35,656	-3.5%	$14.6M
VUGVanguard Index Fds	0.3%	0.3%	158,934	+496.1%	$13.7M
IWSIshares Tr	0.3%	0.3%	73,795	-0.5%	$12.1M
VOEVanguard Index Fds	0.3%	0.3%	57,402	-2.6%	$11.3M
VTVVanguard Index Fds	0.3%	0.3%	48,584	-0.6%	$10.6M
QQQInvesco Qqq Tr	0.2%	0.2%	13,205	+2.4%	$9.7M
VNQIVanguard Intl Equity Index F	0.2%	0.3%	211,317	+1.1%	$9.5M
SCHGSchwab Strategic Tr	0.2%	0.2%	262,207	+2.9%	$8.9M
IWMIshares Tr	0.2%	0.2%	29,333	-1.7%	$8.8M
SCHBSchwab Strategic Tr	0.2%	0.2%	292,779	-2.6%	$8.5M
DFASDimensional ETF Trust	0.2%	0.2%	93,925	-0.0%	$7.7M
VOTVanguard Index Fds	0.2%	0.2%	24,594	-5.5%	$7.5M
VBVanguard Index Fds	0.2%	0.1%	20,676	+1.6%	$6.3M
IWDIshares Tr	0.1%	0.1%	23,936	-1.8%	$5.8M
IUSGIshares Tr	0.1%	0.1%	27,811	+5.7%	$5.2M
XLKSelect Sector Spdr Tr	0.1%	0.1%	26,154	+0.0%	$5.0M
MDYState Str Spdr S&p Midcap 40	0.1%	0.1%	6,786	+0.0%	$4.8M
VIGVanguard Specialized Funds	0.1%	0.1%	19,664	+0.1%	$4.7M
EFAIshares Tr	0.1%	0.1%	43,159	-1.2%	$4.5M
IJRIshares Tr	0.1%	0.1%	27,568	+1.0%	$4.1M
PYLDPimco ETF Tr	0.1%	—	130,388	—	$3.5M
SCHHSchwab Strategic Tr	0.1%	0.1%	125,419	+14.3%	$3.0M
VTIPVanguard Malvern Fds	0.1%	0.1%	57,430	+1.1%	$2.9M
DFIVDimensional ETF Trust	0.1%	0.1%	52,939	+0.1%	$2.9M
IWVIshares Tr	0.1%	0.1%	6,702	-7.4%	$2.9M
ESGDiShares ESG Aware MSCI EAFE ETF	0.1%	0.1%	26,718	-3.5%	$2.7M
SCHDSchwab Strategic Tr	0.1%	0.1%	82,640	+8.5%	$2.6M

What JMG Financial Group, Ltd. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +21.1% /yr; S&P 500 +20.1%
3 years: +17.8% /yr; S&P 500 +20.4%
5 years: +8.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$4.1B	137
Q1 2026	$3.6B	127
Q4 2025	$3.6B	126
Q3 2025	$3.5B	122
Q2 2025	$3.3B	124
Q1 2025	$3.0B	119
Q4 2024	$2.9B	112
Q3 2024	$2.9B	117
Q2 2024	$2.7B	117
Q1 2024	$2.6B	118
Q4 2023	$2.4B	119
Q3 2023	$2.1B	109

Questions about JMG Financial Group, Ltd.'s portfolio

What stocks does JMG Financial Group, Ltd. own?

JMG Financial Group, Ltd.'s latest 13F, for Q2 2026 and filed Jul 31, 2026, lists 137 positions worth $4.1B. The largest are Vanguard Index Fds (VOO) at 23.3%, Vanguard Index Fds (VO) at 11.0%, Vanguard Ftse Developed Markets Index Fu (VEA) at 10.8%, Schwab Strategic Tr (SCHX) at 5.9% and Dimensional US Small Cap (DFSV) at 5.9%.

What did JMG Financial Group, Ltd. buy last quarter?

In Q2 2026, JMG Financial Group, Ltd. added Vanguard Index Fds (VUG) (+496.1% shares), Vanguard Index Fds (VO) (+304.3% shares) and Ishares Tr (IWF) (+300.8% shares), compared with its Q1 2026 filing.

What did JMG Financial Group, Ltd. sell last quarter?

In Q2 2026, JMG Financial Group, Ltd. cut from its top 50 Schwab Strategic Tr (SCHP), Ishares Tr (IWV) (-7.4% shares) and Vanguard Index Fds (VOT) (-5.5% shares), compared with its Q1 2026 filing.

How has JMG Financial Group, Ltd.'s portfolio performed?

A portfolio copying JMG Financial Group, Ltd.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +17.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +21.1% against +20.1%. Over 5 years: +8.5% a year against +11.6%.

When is JMG Financial Group, Ltd.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. JMG Financial Group, Ltd.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does JMG Financial Group, Ltd. manage?

JMG Financial Group, Ltd. reported $7.5B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $4.1B.