13F HOLDINGS REPORT

JMG Financial Group, Ltd.

Quarter ended Q2 2025 · Filed August 12, 2025 · Accession 0001314404-25-000003

Total Value

$3.30B

Positions

124

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (124)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Vanguard S&P 500 ETF	922908363	1,358,788	$771.8M	23.40%
2	Vanguard Mid Cap Vipers	922908629	1,325,765	$371.0M	11.25%
3	Vanguard MSCI EAFE ETF	921943858	6,281,277	$358.1M	10.86%
4	Schwab US Large Cap ETF	808524201	9,081,052	$221.9M	6.73%
5	SPDR S&P 500 ETF Trust	SPY	266,609	$164.7M	4.99%
6	Dimensional US Small Cap Value	25434V815	5,430,032	$159.8M	4.84%
7	Vanguard MSCI Emerging Markets	922042858	2,889,057	$142.9M	4.33%
8	Dimensional Global Real Estate	25434V658	4,996,700	$134.1M	4.06%
9	DFA International Core Equity	25434V799	4,155,387	$129.2M	3.92%
10	Schwab International Equity ET	808524805	4,403,203	$97.3M	2.95%
11	Schwab US Mid Cap ETF	808524508	3,298,197	$92.5M	2.80%
12	iShares Russell Midcap	464287499	908,254	$83.5M	2.53%
13	Vanguard Small Cap Value	922908611	397,979	$77.6M	2.35%
14	Dimensional Emerging Markets C	25434V732	1,969,332	$58.4M	1.77%
15	Vanguard Total Stock Market Vi	922908769	162,125	$49.3M	1.49%
16	Vanguard Large Cap	922908637	153,000	$43.7M	1.32%
17	Schwab Emerging Markets	808524706	1,058,272	$31.9M	0.97%
18	iShares Trust S&P 500 Index	464287200	41,062	$25.5M	0.77%
19	Vanguard REIT Vipers	922908553	249,911	$22.3M	0.67%
20	iShares Russell Midcap Growth	464287481	119,265	$16.5M	0.50%
21	iShares Russell 1000 Growth	464287614	36,500	$15.5M	0.47%
22	Vanguard FTSE All-World EX-US	922042775	224,959	$15.1M	0.46%
23	iShares Russell 1000 Index Fun	464287622	41,036	$13.9M	0.42%
24	Vanguard Growth Vipers	922908736	29,125	$12.8M	0.39%
25	iShares Russell Midcap Value	464287473	78,414	$10.4M	0.31%
26	Vanguard Mid Cap Value	922908512	60,337	$9.9M	0.30%
27	Vanguard Global Ex US Real Est	922042676	199,457	$9.2M	0.28%
28	Vanguard Value	922908744	48,663	$8.6M	0.26%
29	Schwab US Broad Market ETF	808524102	332,891	$7.9M	0.24%
30	Schwab US Large Cap Growth ETF	808524300	264,699	$7.7M	0.23%
31	Vanguard Mid Cap Growth Index	922908538	27,073	$7.7M	0.23%
32	Invesco QQQ Trust	IVZ	12,522	$6.9M	0.21%
33	iShares Russell 2000 Index	464287655	30,556	$6.6M	0.20%
34	Dimensional US Small Cap ETF	25434V500	93,365	$5.9M	0.18%
35	iShares Russell 1000 Value Ind	464287598	25,416	$4.9M	0.15%
36	Vanguard Small Cap	922908751	20,267	$4.8M	0.15%
37	SPDR S&P MidCap 400 ETF Trust	MDY	7,218	$4.1M	0.12%
38	iShares Core US Growth ETF	464287671	26,181	$3.9M	0.12%
39	Vanguard Dividend Appreciation	921908844	18,825	$3.9M	0.12%
40	iShares MSCI EAFE Index Fund	464287465	40,178	$3.6M	0.11%
41	Sector SPDR Technology Select	81369Y803	13,110	$3.3M	0.10%
42	iShares Tr S&P 500/Barra Growt	464287309	28,005	$3.1M	0.09%
43	Schwab US Tips ETF	808524870	111,823	$3.0M	0.09%
44	iShares Trust S&P SmallCap 600	464287804	26,831	$2.9M	0.09%
45	iShares Russell 3000 Index	464287689	8,349	$2.9M	0.09%
46	Vanguard ST Inflation Protecte	922020805	56,785	$2.9M	0.09%
47	iShares ESG Aware MSCI EAFE ET	46435G516	31,974	$2.9M	0.09%
48	Microsoft Corp	MSFT	5,732	$2.9M	0.09%
49	Schwab US Aggregate Bond ETF	808524839	116,995	$2.7M	0.08%
50	Schwab US REIT ETF	808524847	122,020	$2.6M	0.08%
51	Berkshire Hathaway Cl B	BRK-A	4,242	$2.1M	0.06%
52	iShares Core US Aggregate Bond	464287226	19,242	$1.9M	0.06%
53	iShares Russell 2000 Growth	464287648	6,603	$1.9M	0.06%
54	Vanguard Total International B	92203j407	36,599	$1.8M	0.05%
55	iShares Core MSCI EAFE ETF	46432f842	20,801	$1.7M	0.05%
56	Dimensional International Valu	25434v807	40,031	$1.7M	0.05%
57	iShares Russell 2000 Value	464287630	10,526	$1.7M	0.05%
58	IShares Core MSCI Emerging ETF	46434g103	27,640	$1.7M	0.05%
59	iShares ESG Aware MSCI USA ETF	46435G425	12,122	$1.6M	0.05%
60	Dimensional US Real Estate ETF	25434V823	64,510	$1.5M	0.05%
61	iShares DJ Select Dividend Ind	464287168	11,298	$1.5M	0.05%
62	iShares ESG Aware MSCI ETF	46434G863	37,947	$1.5M	0.05%
63	iShares MSCI ACWI Index Fund	464288257	10,000	$1.3M	0.04%
64	Schwab US Small Cap ETF	808524607	47,817	$1.2M	0.04%
65	iShares MSCI Minimum Volatilit	46429b697	12,847	$1.2M	0.04%
66	Schwab US Large Cap Value ETF	808524409	42,918	$1.2M	0.04%
67	Invesco S&P 500 Equal Weight E	IVZ	5,877	$1.1M	0.03%
68	Schwab US Dividend Equity ETF	808524797	40,069	$1.1M	0.03%
69	Apple Inc	AAPL	5,070	$1.0M	0.03%
70	Alphabet Inc Cl A	GOOG	5,740	$1.0M	0.03%
71	iShares MSCI Emerging Markets	464287234	20,557	$991,692	0.03%
72	iShares S&P Mid Cap 400 Index	464287507	15,618	$968,628	0.03%
73	iShares Core MSCI Total Intl S	46432f834	12,362	$955,706	0.03%
74	iShares Trust S&P 500/Barra Va	464287408	4,213	$823,363	0.02%
75	Vanguard Total Bond Market ETF	921937835	10,875	$800,726	0.02%
76	iShares S&P Mid Cap 400 Value	464287705	6,471	$799,660	0.02%
77	TransDigm Group Inc	TDG	513	$780,088	0.02%
78	NetFlix Inc	NFLX	578	$774,017	0.02%
79	iShares MSCI Emerging Markets	464286533	11,234	$705,491	0.02%
80	iShares ESG Advanced MSCI EAFE	46436E759	9,348	$695,865	0.02%
81	SPDR Gold Shares	GLD	2,192	$668,187	0.02%
82	Vanguard Total World Stock Ind	922042742	5,120	$657,986	0.02%
83	iShares ESG Advanced MSCI USA	46436E767	11,633	$627,368	0.02%
84	Schwab Fundamental US Small Co	808524763	20,850	$597,344	0.02%
85	Vanguard Total International S	921909768	8,422	$581,876	0.02%
86	MasterCard Inc	MA	1,019	$572,351	0.02%
87	iShares MSCI EAFE Small Cap In	464288273	7,501	$545,173	0.02%
88	Amazon Communications	AMZN	2,140	$469,495	0.01%
89	iShares S&P Small Cap 600 Valu	464287879	4,707	$468,281	0.01%
90	Goldman Sachs Active Beta ETF	NVGLF	3,827	$464,571	0.01%
91	Pimco 0-5 Year High Yield Corp	72201R783	4,862	$461,959	0.01%
92	SPDR Financial Select Sector E	81369Y605	8,554	$447,973	0.01%
93	Exxon Mobil Corporation	XOM	4,145	$446,831	0.01%
94	iShares MSCI EAFE Minimum Vola	46429b689	5,231	$439,718	0.01%
95	iShares Barclays US Treasury I	464287176	3,832	$421,673	0.01%
96	Schwab Fundamental Large Cap I	808524771	16,538	$405,843	0.01%
97	Vanguard Russell 1000 Growth	92206c680	3,689	$402,791	0.01%
98	Alphabet Inc Cl C	GOOG	2,216	$393,017	0.01%
99	JP Morgan Chase & Co	VYLD	1,341	$388,802	0.01%
100	Meta Platforms Inc	META	494	$364,464	0.01%
101	Johnson & Johnson	JNJ	2,369	$361,801	0.01%
102	iShares Lehman 3-7 Year Treasu	464288661	2,995	$356,675	0.01%
103	iShares Core S&P Total US Stoc	464287150	2,376	$320,855	0.01%
104	Home Depot Inc	HD	850	$311,644	0.01%
105	iShares Bitcoin	IBIT	5,002	$306,172	0.01%
106	Vanguard Mega Cap Growth ETF	921910816	826	$302,456	0.01%
107	Procter & Gamble Co	742718109	1,887	$300,590	0.01%
108	Schwab Fundamental Intl Large	808524755	7,407	$296,424	0.01%
109	SPDR S&P Dividend ETF	78464a763	2,154	$292,374	0.01%
110	Royal Gold Inc	RGLD	1,581	$281,165	0.01%
111	Fidelity National Information	31620m106	3,368	$274,189	0.01%
112	Vanguard Small Cap Growth	922908595	958	$265,321	0.01%
113	iShares Core Growth Allocation	464289867	3,996	$246,034	0.01%
114	OShares FTSE Russell Small Cap	6711op100	5,579	$241,062	0.01%
115	Vanguard Utilities ETF	92204a876	1,342	$236,907	0.01%
116	SPDR S&P International Small C	78463x871	6,329	$235,312	0.01%
117	Costco Wholesale Corp	22160K105	228	$226,089	0.01%
118	iShares MSCI All Country World	464286525	1,904	$225,757	0.01%
119	Palo Alto Networks Inc	PANW	1,076	$220,193	0.01%
120	Vanguard Tax Exempt Bond Index	922907746	4,386	$215,046	0.01%
121	SPDR Portfolio Developed World	78463x889	5,271	$213,423	0.01%
122	iShares Core Dividend Growth	46434v621	3,300	$211,002	0.01%
123	Automatic Data Processing	ADP	675	$208,170	0.01%
124	Texas Instruments Inc	882508104	1,000	$207,620	0.01%