JMG Financial Group, Ltd. Q3 2025 Filing

Filed November 12, 2025

Portfolio Value

$3.5B

Holdings

122

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (122 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVanguard S&P 500 ETF	1,354,883	$829.7M	23.62%
2	VOVanguard Mid Cap Vipers	1,329,045	$390.4M	11.12%
3	VEAVanguard MSCI EAFE ETF	6,226,335	$373.1M	10.62%
4	SCHXSchwab US Large Cap ETF	8,784,010	$231.4M	6.59%
5	DFSVDimensional US Small Cap Value	5,613,124	$178.7M	5.09%
6	SPYSPDR S&P 500 ETF Trust	261,255	$174.0M	4.96%
7	VWOVanguard MSCI Emerging Markets	2,883,664	$156.2M	4.45%
8	DFGRDimensional Global Real Estate	5,355,327	$146.3M	4.16%
9	DFICDFA International Core Equity	4,290,310	$140.7M	4.01%
10	SCHFSchwab International Equity ET	4,324,179	$100.7M	2.87%
11	SCHMSchwab US Mid Cap ETF	3,237,135	$95.9M	2.73%
12	IWRiShares Russell Midcap	889,118	$85.8M	2.44%
13	VBRVanguard Small Cap Value	394,828	$82.4M	2.35%
14	DFEMDimensional Emerging Markets C	2,049,754	$65.7M	1.87%
15	VTIVanguard Total Stock Market Vi	154,606	$50.7M	1.44%
16	VVVanguard Large Cap	151,952	$46.8M	1.33%
17	SCHESchwab Emerging Markets	1,018,714	$34.0M	0.97%
18	IVViShares Trust S&P 500 Index	41,688	$27.9M	0.79%
19	VNQVanguard REIT Vipers	247,012	$22.6M	0.64%
20	IWFiShares Russell 1000 Growth	35,736	$16.7M	0.48%
21	IWPiShares Russell Midcap Growth	116,185	$16.5M	0.47%
22	VEUVanguard FTSE All-World EX-US	223,232	$15.9M	0.45%
23	IWBiShares Russell 1000 Index Fun	40,792	$14.9M	0.42%
24	VUGVanguard Growth Vipers	28,864	$13.8M	0.39%
25	IWSiShares Russell Midcap Value	76,043	$10.6M	0.30%
26	VOEVanguard Mid Cap Value	60,822	$10.6M	0.30%
27	VNQIVanguard Global Ex US Real Est	206,331	$9.9M	0.28%
28	VTVVanguard Value	48,293	$9.0M	0.26%
29	SCHGSchwab US Large Cap Growth ETF	264,761	$8.4M	0.24%
30	SCHBSchwab US Broad Market ETF	324,285	$8.3M	0.24%
31	VOTVanguard Mid Cap Growth Index	26,942	$7.9M	0.23%
32	QQQInvesco QQQ Trust	12,834	$7.7M	0.22%
33	IWMiShares Russell 2000 Index	30,594	$7.4M	0.21%
34	DFASDimensional US Small Cap ETF	93,410	$6.4M	0.18%
35	VBVanguard Small Cap	20,447	$5.2M	0.15%
36	IWDiShares Russell 1000 Value Ind	25,362	$5.2M	0.15%
37	IUSGiShares Core US Growth ETF	26,307	$4.3M	0.12%
38	MDYSPDR S&P MidCap 400 ETF Trust	7,053	$4.2M	0.12%
39	VIGVanguard Dividend Appreciation	19,185	$4.1M	0.12%
40	EFAiShares MSCI EAFE Index Fund	41,998	$3.9M	0.11%
41	XLKSector SPDR Technology Select	13,109	$3.7M	0.11%
42	IVWiShares Tr S&P 500/Barra Growt	28,005	$3.4M	0.10%
43	IJRiShares Trust S&P SmallCap 600	27,109	$3.2M	0.09%
44	IWViShares Russell 3000 Index	8,252	$3.1M	0.09%
45	SCHPSchwab US Tips ETF	115,046	$3.1M	0.09%
46	ESGDiShares ESG Aware MSCI EAFE ET	31,974	$3.0M	0.08%
47	MSFTMicrosoft Corp	5,490	$2.8M	0.08%
48	VTIPVanguard ST Inflation Protecte	55,293	$2.8M	0.08%
49	SCHHSchwab US REIT ETF	122,993	$2.7M	0.08%
50	SCHZSchwab US Aggregate Bond ETF	100,021	$2.3M	0.07%
51	DFIVDimensional International Valu	48,906	$2.3M	0.06%
52	IWOiShares Russell 2000 Growth	6,695	$2.1M	0.06%
53	BRK/BBerkshire Hathaway Cl B	4,153	$2.1M	0.06%
54	AGGiShares Core US Aggregate Bond	20,433	$2.0M	0.06%
55	SCHDSchwab US Dividend Equity ETF	69,296	$1.9M	0.05%
56	IWNiShares Russell 2000 Value	10,672	$1.9M	0.05%
57	BNDXVanguard Total International B	37,553	$1.9M	0.05%
58	IEMGIShares Core MSCI Emerging ETF	27,552	$1.8M	0.05%
59	ESGUiShares ESG Aware MSCI USA ETF	11,997	$1.7M	0.05%
60	AQLTiShares Core MSCI EAFE ETF	19,772	$1.7M	0.05%
61	ESGEiShares ESG Aware MSCI ETF	38,033	$1.7M	0.05%
62	AQLTiShares DJ Select Dividend Ind	11,202	$1.6M	0.05%
63	DFARDimensional US Real Estate ETF	65,780	$1.6M	0.04%
64	—Alphabet Inc Cl A	5,740	$1.4M	0.04%
65	ACWIiShares MSCI ACWI Index Fund	10,000	$1.4M	0.04%
66	SCHASchwab US Small Cap ETF	48,473	$1.4M	0.04%
67	AAPLApple Inc	5,066	$1.3M	0.04%
68	SCHVSchwab US Large Cap Value ETF	42,925	$1.2M	0.04%
69	EWKiShares MSCI Minimum Volatilit	12,847	$1.2M	0.03%
70	SPLVInvesco S&P 500 Equal Weight E	5,877	$1.1M	0.03%
71	EEMiShares MSCI Emerging Markets	20,403	$1.1M	0.03%
72	AQLTiShares Core MSCI Total Intl S	12,362	$1.0M	0.03%
73	IJHiShares S&P Mid Cap 400 Index	14,790	$965K	0.03%
74	IJJiShares S&P Mid Cap 400 Value	7,216	$936K	0.03%
75	BNDVanguard Total Bond Market ETF	10,881	$809K	0.02%
76	IVEiShares Trust S&P 500/Barra Va	3,879	$801K	0.02%
77	GLDSPDR Gold Shares	2,192	$779K	0.02%
78	EEMViShares MSCI Emerging Markets	11,285	$720K	0.02%
79	VTVanguard Total World Stock Ind	5,120	$706K	0.02%
80	DMXFiShares ESG Advanced MSCI EAFE	9,236	$700K	0.02%
81	T7DTransDigm Group Inc	513	$676K	0.02%
82	USXFiShares ESG Advanced MSCI USA	11,633	$667K	0.02%
83	FNDASchwab Fundamental US Small Co	20,850	$650K	0.02%
84	VXUSVanguard Total International S	8,384	$616K	0.02%
85	MAMasterCard Inc	1,019	$579K	0.02%
86	SCZiShares MSCI EAFE Small Cap In	7,541	$579K	0.02%
87	IBITiShares Bitcoin	8,326	$541K	0.02%
88	—Alphabet Inc Cl C	2,130	$519K	0.01%
89	GSLCGoldman Sachs Active Beta ETF	3,829	$499K	0.01%
90	FNDXSchwab Fundamental Large Cap I	17,875	$470K	0.01%
91	XOMExxon Mobil Corporation	4,145	$467K	0.01%
92	XLFSPDR Financial Select Sector E	8,554	$461K	0.01%
93	TIPiShares Barclays US Treasury I	4,029	$448K	0.01%
94	VTWGVanguard Russell 1000 Growth	3,689	$444K	0.01%
95	EWKiShares MSCI EAFE Minimum Vola	5,231	$444K	0.01%
96	JNJJohnson & Johnson	2,317	$430K	0.01%
97	AMZNAmazon Communications	1,915	$420K	0.01%
98	IJSiShares S&P Small Cap 600 Valu	3,723	$412K	0.01%
99	EFGiShares MSCI EAFE Growth Index	3,424	$390K	0.01%
100	FNDFSchwab Fundamental Intl Large	8,468	$364K	0.01%

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