JMG Financial Group, Ltd.

CIK 0001314404 · Q2 2026

13F Equity AUM

$4.1B

+13.9% QoQ

Positions

137

+10 QoQ

AUM Rank

#1,653

Top 13%

Skill Alpha (FF)

-2.3%/yr

Underperformer

Rank #5,571 · Top 68%

vs S&P -3.2%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 56.9%Top 10: 77.8%Top 20: 92.6%

VOO23.3%

VO11.0%

VEA10.8%

SCHX5.9%

DFSV5.9%

SPY4.8%

DFGR4.7%

DFIC4.5%

VWO4.2%

SCHM2.7%

Others (127)22.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services99.8%

Other0.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 137Median: 0.04%Avg: 0.73%

0–0.5%

118(7.9%)

0.5–1%

3(2.2%)

1–3%

7(14.9%)

3–5%

4(18.1%)

5%+

5(56.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 137vs 20 funds

0%Low

137

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New37Increased34Decreased47Exited27

New Positions

NDQ0.2%

+13K

MDY0.1%

+7K

PYLD0.1%

+130K

DFIV0.1%

+53K

IEMG0.1%

+26K

GOOGL0.1%

+6K

IEFA0.1%

+20K

BNDX0.0%

+33K

GQ90.0%

+3K

RSP0.0%

+6K

Increased

VO11.0%

+4.2M(+304%)

DFGR4.7%

+366K(+6%)

DFGX0.4%

+213K(+278%)

DFIC4.5%

+187K(+4%)

VUG0.3%

+132K(+496%)

DFSV5.9%

+120K(+2%)

IWF0.4%

+105K(+301%)

DFEM2.3%

+21K(+1%)

SCHE0.8%

+18K(+2%)

SCHH0.1%

+16K(+14%)

Decreased

SCHZ0.0%

-44,499(-45%)

VWO4.2%

-31,837(-1%)

SCHF2.7%

-28,283(-1%)

VEA10.8%

-22,157(-0%)

DFAR0.0%

-13,390(-19%)

VBR2.2%

-12,412(-3%)

SCHB0.2%

-7,874(-3%)

SCHM2.7%

-5,275(-0%)

VTI1.3%

-4,806(-3%)

ESGE0.0%

-3,632(-11%)

Exited

Invesco QQQ Trust

-12,900

SPDR S&P MidCap …

-6,786

Dimensional Internat…

-52,880

iShares Core MSCI EA…

-20,303

IShares Core MSCI Em…

-25,583

Vanguard Total Inter…

-38,937

GOOG

-5,640

iShares Core MSCI To…

-13,234

iShares MSCI Minimum…

-12,847

Invesco S&P 500 …

-5,877

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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