# JMG Financial Group, Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1314404. Source: https://holderbook.com/funds/1314404-jmg-financial-group-ltd/

- Reported value: $4.1B
- Positions: 137
- Weight of the ten largest: 77.8%
- Filed: 2026-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $966.3M | 1,406,914 | 23.3% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $454.9M | 5,646,613 | 11.0% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $445.6M | 6,253,672 | 10.8% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $245.3M | 8,334,300 | 5.9% | 31 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $244.8M | 6,311,245 | 5.9% | 15 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $196.7M | 263,441 | 4.8% | 31 |
| DIMENSIONAL ETF TRUST | [DFGR](https://holderbook.com/stocks/DFGR/) | $194.4M | 6,710,457 | 4.7% | 14 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $185.3M | 4,973,487 | 4.5% | 15 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $173.0M | 2,898,490 | 4.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $113.4M | 3,074,425 | 2.7% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $113.2M | 4,087,794 | 2.7% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $100.8M | 913,629 | 2.4% | 31 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $94.8M | 2,333,403 | 2.3% | 15 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $92.3M | 379,798 | 2.2% | 17 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $53.9M | 145,598 | 1.3% | 31 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $50.1M | 145,565 | 1.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $34.8M | 960,587 | 0.8% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $29.9M | 39,892 | 0.7% | 31 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $24.6M | 254,989 | 0.6% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $17.8M | 212,142 | 0.4% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $17.4M | 139,940 | 0.4% | 31 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $16.6M | 113,405 | 0.4% | 31 |
| DIMENSIONAL ETF TRUST | [DFGX](https://holderbook.com/stocks/DFGX/) | $15.5M | 288,905 | 0.4% | 2 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $14.6M | 35,656 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $13.7M | 158,934 | 0.3% | 31 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $12.1M | 73,795 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $11.3M | 57,402 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $10.6M | 48,584 | 0.3% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $9.7M | 13,205 | 0.2% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $9.5M | 211,317 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $8.9M | 262,207 | 0.2% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $8.8M | 29,333 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $8.5M | 292,779 | 0.2% | 31 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $7.7M | 93,925 | 0.2% | 15 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $7.5M | 24,594 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $6.3M | 20,676 | 0.2% | 31 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $5.8M | 23,936 | 0.1% | 31 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $5.2M | 27,811 | 0.1% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $5.0M | 26,154 | 0.1% | 25 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $4.8M | 6,786 | 0.1% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.7M | 19,664 | 0.1% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $4.5M | 43,159 | 0.1% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $4.1M | 27,568 | 0.1% | 31 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $3.5M | 130,388 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $3.0M | 125,419 | 0.1% | 31 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $2.9M | 57,430 | 0.1% | 31 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $2.9M | 52,939 | 0.1% | 12 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $2.9M | 6,702 | 0.1% | 31 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $2.7M | 26,718 | 0.1% | 21 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $2.6M | 82,640 | 0.1% | 17 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $2.6M | 6,616 | 0.1% | 14 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.5M | 8,701 | 0.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $2.5M | 93,648 | 0.1% | 31 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.3M | 27,323 | 0.1% | 11 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $2.3M | 10,479 | 0.1% | 8 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $2.2M | 60,291 | 0.1% | 15 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.1M | 25,599 | 0.1% | 25 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.1M | 15,209 | 0.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.1M | 4,101 | 0.0% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.0M | 5,721 | 0.0% | 17 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $2.0M | 20,369 | 0.0% | 16 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.9M | 27,321 | 0.0% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.8M | 18,236 | 0.0% | 16 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $1.7M | 11,056 | 0.0% | 21 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $1.6M | 29,701 | 0.0% | 22 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $1.6M | 32,984 | 0.0% | 31 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $1.6M | 10,000 | 0.0% | 31 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $1.5M | 9,141 | 0.0% | 21 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $1.5M | 42,945 | 0.0% | 17 |
| DIMENSIONAL ETF TRUST | [DFAR](https://holderbook.com/stocks/DFAR/) | $1.5M | 56,054 | 0.0% | 14 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.4M | 18,227 | 0.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.3M | 3,483 | 0.0% | 27 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $1.3M | 55,255 | 0.0% | 31 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $1.3M | 13,234 | 0.0% | 31 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $1.2M | 12,847 | 0.0% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.2M | 5,747 | 0.0% | 22 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $1.1M | 7,771 | 0.0% | 17 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.1M | 3,001 | 0.0% | 21 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $888.9K | 23,356 | 0.0% | 11 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $859.0K | 3,783 | 0.0% | 22 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $843.4K | 11,204 | 0.0% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $821.9K | 5,237 | 0.0% | 13 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $811.4K | 11,053 | 0.0% | 31 |
| ISHARES TR | [USXF](https://holderbook.com/stocks/USXF/) | $807.9K | 11,633 | 0.0% | 21 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $796.2K | 25,600 | 0.0% | 11 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $788.7K | 14,949 | 0.0% | 9 |
| TIDAL TRUST I | [GRNY](https://holderbook.com/stocks/GRNY/) | $767.6K | 27,763 | 0.0% | 1 |
| ISHARES TR | [DMXF](https://holderbook.com/stocks/DMXF/) | $765.1K | 9,044 | 0.0% | 22 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $618.0K | 4,836 | 0.0% | 23 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $613.8K | 7,461 | 0.0% | 15 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $592.7K | 3,608 | 0.0% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $558.4K | 4,084 | 0.0% | 22 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $553.5K | 4,050 | 0.0% | 11 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $539.0K | 10,054 | 0.0% | 22 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $513.3K | 999 | 0.0% | 17 |
| TIDAL TRUST I | [SPSK](https://holderbook.com/stocks/SPSK/) | $499.2K | 27,720 | 0.0% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $467.7K | 500 | 0.0% | 3 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $463.6K | 348 | 0.0% | 25 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $458.8K | 5,231 | 0.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $456.4K | 1,915 | 0.0% | 13 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.8% | +14.8% | -2.1% | 100% |
| Q1 2026 | -0.9% | -4.6% | +3.7% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +9.4% | +10.5% | -1.0% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.6% | 100% |
| Q4 2024 | -1.7% | +2.1% | -3.8% | 100% |
| Q3 2024 | +7.1% | +5.4% | +1.7% | 100% |

## Quarter by quarter

| Quarter | 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 |