JMG Financial Group, Ltd. Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$3.6B

Holdings

126

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (126 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVanguard S&P 500 ETF	1,339,289	$839.9M	23.60%
2	VOVanguard Mid Cap Vipers	1,350,785	$392.0M	11.02%
3	VEAVanguard MSCI EAFE ETF	6,204,833	$387.6M	10.89%
4	SCHXSchwab US Large Cap ETF	8,445,906	$227.3M	6.39%
5	DFSVDimensional US Small Cap Value	5,832,420	$191.8M	5.39%
6	SPYSPDR S&P 500 ETF Trust	254,100	$173.3M	4.87%
7	VWOVanguard MSCI Emerging Markets	2,882,279	$155.0M	4.35%
8	DFICDFA International Core Equity	4,432,470	$152.7M	4.29%
9	DFGRDimensional Global Real Estate	5,701,658	$150.6M	4.23%
10	SCHFSchwab International Equity ET	4,240,654	$101.9M	2.87%
11	SCHMSchwab US Mid Cap ETF	3,148,832	$94.7M	2.66%
12	IWRiShares Russell Midcap	868,158	$83.6M	2.35%
13	VBRVanguard Small Cap Value	388,085	$82.2M	2.31%
14	DFEMDimensional Emerging Markets C	2,129,625	$70.4M	1.98%
15	VTIVanguard Total Stock Market Vi	150,646	$50.5M	1.42%
16	VVVanguard Large Cap	147,550	$46.4M	1.31%
17	SCHESchwab Emerging Markets	964,691	$31.6M	0.89%
18	IVViShares Trust S&P 500 Index	41,070	$28.1M	0.79%
19	VNQVanguard REIT Vipers	247,483	$21.9M	0.62%
20	IWFiShares Russell 1000 Growth	34,995	$16.6M	0.47%
21	VEUVanguard FTSE All-World EX-US	220,615	$16.2M	0.46%
22	IWPiShares Russell Midcap Growth	113,520	$15.5M	0.44%
23	IWBiShares Russell 1000 Index Fun	36,970	$13.8M	0.39%
24	VUGVanguard Growth Vipers	26,912	$13.1M	0.37%
25	VOEVanguard Mid Cap Value	59,509	$10.6M	0.30%
26	IWSiShares Russell Midcap Value	74,632	$10.5M	0.30%
27	VNQIVanguard Global Ex US Real Est	206,702	$9.5M	0.27%
28	VTVVanguard Value	49,185	$9.4M	0.26%
29	SCHGSchwab US Large Cap Growth ETF	259,882	$8.5M	0.24%
30	QQQInvesco QQQ Trust	12,725	$7.8M	0.22%
31	SCHBSchwab US Broad Market ETF	296,375	$7.8M	0.22%
32	IWMiShares Russell 2000 Index	31,219	$7.7M	0.22%
33	VOTVanguard Mid Cap Growth Index	26,029	$7.3M	0.20%
34	DFASDimensional US Small Cap ETF	94,533	$6.6M	0.19%
35	IWDiShares Russell 1000 Value Ind	24,833	$5.2M	0.15%
36	VBVanguard Small Cap	19,782	$5.1M	0.14%
37	IUSGiShares Core US Growth ETF	26,307	$4.4M	0.12%
38	MDYSPDR S&P MidCap 400 ETF Trust	7,053	$4.3M	0.12%
39	EFAiShares MSCI EAFE Index Fund	43,803	$4.2M	0.12%
40	VIGVanguard Dividend Appreciation	18,526	$4.1M	0.11%
41	XLKSector SPDR Technology Select	26,153	$3.8M	0.11%
42	IVWiShares Tr S&P 500/Barra Growt	28,132	$3.5M	0.10%
43	IJRiShares Trust S&P SmallCap 600	27,401	$3.3M	0.09%
44	IWViShares Russell 3000 Index	7,267	$2.8M	0.08%
45	VTIPVanguard ST Inflation Protecte	55,487	$2.7M	0.08%
46	ESGDiShares ESG Aware MSCI EAFE ET	27,643	$2.6M	0.07%
47	SCHHSchwab US REIT ETF	116,416	$2.4M	0.07%
48	SCHPSchwab US Tips ETF	91,684	$2.4M	0.07%
49	DFIVDimensional International Valu	48,474	$2.4M	0.07%
50	SCHZSchwab US Aggregate Bond ETF	103,504	$2.4M	0.07%
51	IWOiShares Russell 2000 Growth	6,663	$2.2M	0.06%
52	BRK/BBerkshire Hathaway Cl B	4,201	$2.1M	0.06%
53	AGGiShares Core US Aggregate Bond	20,633	$2.1M	0.06%
54	IWNiShares Russell 2000 Value	10,599	$1.9M	0.05%
55	BNDXVanguard Total International B	38,509	$1.9M	0.05%
56	MSFTMicrosoft Corp	3,820	$1.8M	0.05%
57	SCHDSchwab US Dividend Equity ETF	66,964	$1.8M	0.05%
58	AQLTiShares Core MSCI EAFE ETF	20,094	$1.8M	0.05%
59	—Alphabet Inc Cl A	5,740	$1.8M	0.05%
60	IEMGIShares Core MSCI Emerging ETF	25,299	$1.7M	0.05%
61	SCHASchwab US Small Cap ETF	57,739	$1.6M	0.05%
62	AQLTiShares DJ Select Dividend Ind	11,177	$1.6M	0.04%
63	ESGUiShares ESG Aware MSCI USA ETF	10,399	$1.5M	0.04%
64	DFARDimensional US Real Estate ETF	66,832	$1.5M	0.04%
65	ESGEiShares ESG Aware MSCI ETF	33,148	$1.5M	0.04%
66	ACWIiShares MSCI ACWI Index Fund	10,000	$1.4M	0.04%
67	AAPLApple Inc	5,067	$1.4M	0.04%
68	EEMiShares MSCI Emerging Markets	23,441	$1.3M	0.04%
69	SCHVSchwab US Large Cap Value ETF	42,933	$1.3M	0.04%
70	EWKiShares MSCI Minimum Volatilit	12,847	$1.2M	0.03%
71	IJHiShares S&P Mid Cap 400 Index	17,491	$1.2M	0.03%
72	SPLVInvesco S&P 500 Equal Weight E	5,877	$1.1M	0.03%
73	AQLTiShares Core MSCI Total Intl S	12,362	$1.0M	0.03%
74	IJJiShares S&P Mid Cap 400 Value	7,771	$1.0M	0.03%
75	GLDSPDR Gold Shares	2,527	$1.0M	0.03%
76	—SPDR S&P Dividend ETF	6,176	$859K	0.02%
77	BNDVanguard Total Bond Market ETF	10,991	$814K	0.02%
78	IVEiShares Trust S&P 500/Barra Va	3,783	$802K	0.02%
79	EEMViShares MSCI Emerging Markets	11,283	$722K	0.02%
80	FNDASchwab Fundamental US Small Co	22,774	$717K	0.02%
81	VTVanguard Total World Stock Ind	4,921	$694K	0.02%
82	DMXFiShares ESG Advanced MSCI EAFE	9,190	$690K	0.02%
83	USXFiShares ESG Advanced MSCI USA	11,633	$669K	0.02%
84	T7DTransDigm Group Inc	483	$642K	0.02%
85	VXUSVanguard Total International S	8,388	$632K	0.02%
86	FNDXSchwab Fundamental Large Cap I	22,493	$612K	0.02%
87	SCZiShares MSCI EAFE Small Cap In	7,541	$584K	0.02%
88	MAMasterCard Inc	1,019	$581K	0.02%
89	XOMExxon Mobil Corporation	4,145	$498K	0.01%
90	XLFSPDR Financial Select Sector E	8,554	$468K	0.01%
91	FNDFSchwab Fundamental Intl Large	10,313	$466K	0.01%
92	COSTCostco Wholesale Corp	528	$455K	0.01%
93	EWKiShares MSCI EAFE Minimum Vola	5,231	$451K	0.01%
94	VTWGVanguard Russell 1000 Growth	3,689	$449K	0.01%
95	AMZNAmazon Communications	1,915	$442K	0.01%
96	TIPiShares Barclays US Treasury I	4,007	$440K	0.01%
97	IJSiShares S&P Small Cap 600 Valu	3,842	$436K	0.01%
98	EFGiShares MSCI EAFE Growth Index	3,424	$390K	0.01%
99	—SPDR S&P 500 Value ETF	6,695	$380K	0.01%
100	GSLCGoldman Sachs Active Beta ETF	2,865	$379K	0.01%

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