JNBA Financial Advisors

CIK 0001569118 · Q1 2026

13F Equity AUM

$1.2B

+4.9% QoQ

Positions

797

+23 QoQ

AUM Rank

#2,505

Top 20%

Skill Alpha (FF)

-1.8%/yr^ns

No Clear Edge

Rank #4,940 · Top 60%

vs S&P -6.2%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 39.3%Top 10: 55.8%Top 20: 71.4%

IVV13.2%

SPDW9.5%

SGOV7.1%

AVDE5.0%

IJH4.5%

SPMD4.2%

VUG3.6%

SPEM3.1%

MOAT2.9%

VEA2.8%

Others (787)44.2%

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

Sector Allocation

Financial Services88.8%

Technology3.1%

Industrials2.3%

Other5.9%

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

Position Sizing

Positions: 797Median: 0.00%Avg: 0.13%

0–0.5%

763(18.1%)

0.5–1%

12(8.4%)

1–3%

14(23.3%)

3–5%

4(15.4%)

5%+

4(34.8%)

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

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Portfolio Overlap

Shared: 768Unique: 29vs 20 funds

10.5%Low

797

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

14.3%

BANK OF AMERICA CORP /DE/

15.6%

14.6%

22.1%

15.6%

14.3%

VANGUARD CAPITAL MANAGEMENT LLC

13.8%

GEODE CAPITAL MANAGEMENT, LLC

13.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

14.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New100Increased102Decreased220Exited77

New Positions

AVDE5.0%

+708K

SPOT0.1%

+2K

CERT0.0%

+223

RGEN0.0%

+31

ICFI0.0%

+30

UFPI0.0%

+42

RSG0.0%

+43

ESLT0.0%

+25

LTH0.0%

+279

SUNBELT RENTALS HOLD…0.0%

+16

Increased

SGOV7.1%

+846K(+66772%)

SPDW9.5%

+250K(+11%)

SPYM0.9%

+57K(+68%)

VEA2.8%

+49K(+10%)

AGG0.3%

+32K(+4777%)

SSII0.1%

+29K(+33%)

BIL0.3%

+22K(+184%)

VV1.9%

+15K(+24%)

ESGD0.6%

+4K(+6%)

VUG3.6%

+4K(+4%)

Decreased

IVV13.2%

-122,620(-34%)

SCHD0.5%

-68,951(-28%)

IVLU0.6%

-39,248(-18%)

SPMD4.2%

-33,893(-4%)

SPYV0.3%

-25,034(-27%)

MOAT2.9%

-16,538(-4%)

IJH4.5%

-16,515(-2%)

FNDF1.5%

-16,145(-4%)

GLDM0.5%

-15,482(-21%)

XVV0.3%

-15,319(-15%)

Exited

QXO

-51,413

FLUTTER ENTMT PLC

-4,249

-5,000

-677

-24

-16

-150

-6

-126

-47

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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