# JMN Financial LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2113267. Source: https://holderbook.com/funds/2113267-jmn-financial-llc/

- Reported value: $128.6M
- Positions: 229
- Weight of the ten largest: 27.8%
- Filed: 2026-08-10

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 BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $5.8M | 74,446 | 4.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.4M | 18,502 | 4.2% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.6M | 22,866 | 3.6% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.2M | 6,042 | 3.2% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.9M | 6,651 | 2.2% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.8M | 7,976 | 2.2% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.7M | 11,159 | 2.1% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.6M | 6,896 | 2.0% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.5M | 35,722 | 2.0% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.4M | 4,950 | 1.8% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.1M | 5,785 | 1.6% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.0M | 5,378 | 1.6% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.0M | 1,701 | 1.5% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.7M | 3,037 | 1.3% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.5M | 2,101 | 1.2% | 3 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $1.3M | 5,406 | 1.0% | 3 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $1.2M | 3,404 | 1.0% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.2M | 981 | 0.9% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.1M | 4,520 | 0.9% | 3 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $1.1M | 6,617 | 0.9% | 3 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $1.1M | 22,860 | 0.9% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.1M | 2,496 | 0.8% | 3 |
| DANAOS CORPORATION | [DAC](https://holderbook.com/stocks/DAC/) | $1.0M | 8,371 | 0.8% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.0M | 508 | 0.8% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $976.2K | 8,618 | 0.8% | 3 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $924.9K | 67,021 | 0.7% | 3 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $902.0K | 19,990 | 0.7% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $873.6K | 7,437 | 0.7% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $872.2K | 819 | 0.7% | 3 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $865.0K | 10,382 | 0.7% | 3 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $853.4K | 11,684 | 0.7% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $843.7K | 14,135 | 0.7% | 3 |
| FEDERATED HERMES INC | [FHI](https://holderbook.com/stocks/FHI/) | $836.0K | 15,139 | 0.7% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $832.6K | 5,396 | 0.6% | 3 |
| SK TELECOM CO LTD | [SKM](https://holderbook.com/stocks/SKM/) | $830.1K | 25,813 | 0.6% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $801.7K | 3,138 | 0.6% | 2 |
| PROG HOLDINGS INC | [PRG](https://holderbook.com/stocks/PRG/) | $801.4K | 17,192 | 0.6% | 3 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $798.5K | 9,238 | 0.6% | 3 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $797.5K | 5,089 | 0.6% | 3 |
| EVERCORE INC | [EVR](https://holderbook.com/stocks/EVR/) | $771.2K | 2,258 | 0.6% | 3 |
| JANUS HENDERSON GROUP PLC | [JHG](https://holderbook.com/stocks/JHG/) | $746.4K | 14,368 | 0.6% | 3 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $716.4K | 3,287 | 0.6% | 3 |
| FULTON FINL CORP PA | [FULT](https://holderbook.com/stocks/FULT/) | $702.2K | 29,030 | 0.5% | 3 |
| SOUTHSTATE BK CORP | [SSB](https://holderbook.com/stocks/SSB/) | $699.5K | 7,002 | 0.5% | 3 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $681.0K | 5,723 | 0.5% | 3 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $630.9K | 9,609 | 0.5% | 3 |
| BANCO BILBAO VIZCAYA ARGENTA | [BBVA](https://holderbook.com/stocks/BBVA/) | $627.0K | 25,020 | 0.5% | 3 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $605.9K | 14,664 | 0.5% | 1 |
| GLOBAL SHIP LEASE INC | [GSL](https://holderbook.com/stocks/GSL/) | $605.0K | 16,089 | 0.5% | 3 |
| WSFS FINL CORP | [WSFS](https://holderbook.com/stocks/WSFS/) | $602.0K | 7,846 | 0.5% | 3 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $598.3K | 3,691 | 0.5% | 3 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $598.2K | 22,575 | 0.5% | 2 |
| SEI INVTS CO | [SEIC](https://holderbook.com/stocks/SEIC/) | $585.5K | 6,674 | 0.5% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $584.7K | 1,938 | 0.5% | 3 |
| ISHARES TR | [GLOF](https://holderbook.com/stocks/GLOF/) | $579.4K | 9,852 | 0.5% | 3 |
| ORIX CORP | [IX](https://holderbook.com/stocks/IX/) | $566.7K | 14,898 | 0.4% | 3 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $566.0K | 2,368 | 0.4% | 1 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $554.0K | 9,681 | 0.4% | 3 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $550.6K | 952 | 0.4% | 3 |
| KT CORP | [KT](https://holderbook.com/stocks/KT/) | $543.8K | 31,467 | 0.4% | 3 |
| SHINHAN FINANCIAL GROUP CO L | [SHG](https://holderbook.com/stocks/SHG/) | $537.7K | 8,500 | 0.4% | 3 |
| BREAD FINANCIAL HOLDINGS INC | [BFH](https://holderbook.com/stocks/BFH/) | $536.8K | 4,954 | 0.4% | 2 |
| TIMKEN CO | [TKR](https://holderbook.com/stocks/TKR/) | $536.1K | 3,689 | 0.4% | 2 |
| WOORI FINL GROUP INC | [WF](https://holderbook.com/stocks/WF/) | $521.1K | 9,078 | 0.4% | 3 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $520.4K | 2,141 | 0.4% | 3 |
| SITE CTRS CORP | [SITC](https://holderbook.com/stocks/SITC/) | $509.3K | 128,298 | 0.4% | 2 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $502.5K | 3,977 | 0.4% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $497.3K | 6,965 | 0.4% | 3 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $492.8K | 3,408 | 0.4% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $490.4K | 1,948 | 0.4% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $486.8K | 838 | 0.4% | 1 |
| CABOT CORP | [CBT](https://holderbook.com/stocks/CBT/) | $481.8K | 5,305 | 0.4% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $475.3K | 2,604 | 0.4% | 3 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $463.6K | 3,180 | 0.4% | 3 |
| BEACON FINANCIAL CORP. | [BBT](https://holderbook.com/stocks/BBT/) | $449.4K | 14,760 | 0.3% | 3 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $442.5K | 1,427 | 0.3% | 3 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $442.0K | 15,672 | 0.3% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $441.9K | 1,350 | 0.3% | 3 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $439.2K | 3,863 | 0.3% | 2 |
| POPULAR INC | [BPOP](https://holderbook.com/stocks/BPOP/) | $434.9K | 2,637 | 0.3% | 3 |
| ENACT HLDGS INC | [ACT](https://holderbook.com/stocks/ACT/) | $430.9K | 9,427 | 0.3% | 3 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $428.5K | 315 | 0.3% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $417.1K | 1,003 | 0.3% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $413.4K | 428 | 0.3% | 1 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $412.0K | 1,703 | 0.3% | 1 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $408.6K | 17,301 | 0.3% | 3 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $408.2K | 3,815 | 0.3% | 2 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $407.1K | 7,697 | 0.3% | 3 |
| PHILLIPS EDISON & CO INC | [PECO](https://holderbook.com/stocks/PECO/) | $402.5K | 9,646 | 0.3% | 3 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $401.1K | 6,873 | 0.3% | 2 |
| THE CAMPBELLS COMPANY | [CPB](https://holderbook.com/stocks/CPB/) | $401.0K | 18,005 | 0.3% | 1 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $399.5K | 1,103 | 0.3% | 2 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $396.2K | 6,516 | 0.3% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $394.2K | 3,048 | 0.3% | 3 |
| TERADATA CORP DEL | [TDC](https://holderbook.com/stocks/TDC/) | $389.2K | 11,232 | 0.3% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $389.1K | 331 | 0.3% | 3 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $382.9K | 990 | 0.3% | 1 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $382.1K | 3,545 | 0.3% | 3 |
| ACADIAN ASSET MANAGEMENT INC | [AAMI](https://holderbook.com/stocks/AAMI/) | $378.0K | 5,285 | 0.3% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $369.9K | 1,078 | 0.3% | 3 |

## 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 | +13.5% | +14.8% | -1.3% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $128.6M | 229 |
| Q1 2026 | $101.8M | 189 |
| Q4 2025 | $100.3M | 193 |