13F HOLDINGS REPORT

JMG Financial Group, Ltd.

Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001314404-25-000008

Total Value

$3.51B

Positions

122

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (122)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Vanguard S&P 500 ETF	922908363	1,354,883	$829.7M	23.62%
2	Vanguard Mid Cap Vipers	922908629	1,329,045	$390.4M	11.12%
3	Vanguard MSCI EAFE ETF	921943858	6,226,335	$373.1M	10.62%
4	Schwab US Large Cap ETF	808524201	8,784,010	$231.4M	6.59%
5	Dimensional US Small Cap Value	25434V815	5,613,124	$178.7M	5.09%
6	SPDR S&P 500 ETF Trust	SPY	261,255	$174.0M	4.96%
7	Vanguard MSCI Emerging Markets	922042858	2,883,664	$156.2M	4.45%
8	Dimensional Global Real Estate	25434V658	5,355,327	$146.3M	4.16%
9	DFA International Core Equity	25434V799	4,290,310	$140.7M	4.01%
10	Schwab International Equity ET	808524805	4,324,179	$100.7M	2.87%
11	Schwab US Mid Cap ETF	808524508	3,237,135	$95.9M	2.73%
12	iShares Russell Midcap	464287499	889,118	$85.8M	2.44%
13	Vanguard Small Cap Value	922908611	394,828	$82.4M	2.35%
14	Dimensional Emerging Markets C	25434V732	2,049,754	$65.7M	1.87%
15	Vanguard Total Stock Market Vi	922908769	154,606	$50.7M	1.44%
16	Vanguard Large Cap	922908637	151,952	$46.8M	1.33%
17	Schwab Emerging Markets	808524706	1,018,714	$34.0M	0.97%
18	iShares Trust S&P 500 Index	464287200	41,688	$27.9M	0.79%
19	Vanguard REIT Vipers	922908553	247,012	$22.6M	0.64%
20	iShares Russell 1000 Growth	464287614	35,736	$16.7M	0.48%
21	iShares Russell Midcap Growth	464287481	116,185	$16.5M	0.47%
22	Vanguard FTSE All-World EX-US	922042775	223,232	$15.9M	0.45%
23	iShares Russell 1000 Index Fun	464287622	40,792	$14.9M	0.42%
24	Vanguard Growth Vipers	922908736	28,864	$13.8M	0.39%
25	iShares Russell Midcap Value	464287473	76,043	$10.6M	0.30%
26	Vanguard Mid Cap Value	922908512	60,822	$10.6M	0.30%
27	Vanguard Global Ex US Real Est	922042676	206,331	$9.9M	0.28%
28	Vanguard Value	922908744	48,293	$9.0M	0.26%
29	Schwab US Large Cap Growth ETF	808524300	264,761	$8.4M	0.24%
30	Schwab US Broad Market ETF	808524102	324,285	$8.3M	0.24%
31	Vanguard Mid Cap Growth Index	922908538	26,942	$7.9M	0.23%
32	Invesco QQQ Trust	IVZ	12,834	$7.7M	0.22%
33	iShares Russell 2000 Index	464287655	30,594	$7.4M	0.21%
34	Dimensional US Small Cap ETF	25434V500	93,410	$6.4M	0.18%
35	Vanguard Small Cap	922908751	20,447	$5.2M	0.15%
36	iShares Russell 1000 Value Ind	464287598	25,362	$5.2M	0.15%
37	iShares Core US Growth ETF	464287671	26,307	$4.3M	0.12%
38	SPDR S&P MidCap 400 ETF Trust	MDY	7,053	$4.2M	0.12%
39	Vanguard Dividend Appreciation	921908844	19,185	$4.1M	0.12%
40	iShares MSCI EAFE Index Fund	464287465	41,998	$3.9M	0.11%
41	Sector SPDR Technology Select	81369Y803	13,109	$3.7M	0.11%
42	iShares Tr S&P 500/Barra Growt	464287309	28,005	$3.4M	0.10%
43	iShares Trust S&P SmallCap 600	464287804	27,109	$3.2M	0.09%
44	iShares Russell 3000 Index	464287689	8,252	$3.1M	0.09%
45	Schwab US Tips ETF	808524870	115,046	$3.1M	0.09%
46	iShares ESG Aware MSCI EAFE ET	46435G516	31,974	$3.0M	0.08%
47	Microsoft Corp	MSFT	5,490	$2.8M	0.08%
48	Vanguard ST Inflation Protecte	922020805	55,293	$2.8M	0.08%
49	Schwab US REIT ETF	808524847	122,993	$2.7M	0.08%
50	Schwab US Aggregate Bond ETF	808524839	100,021	$2.3M	0.07%
51	Dimensional International Valu	25434v807	48,906	$2.3M	0.06%
52	iShares Russell 2000 Growth	464287648	6,695	$2.1M	0.06%
53	Berkshire Hathaway Cl B	BRK-A	4,153	$2.1M	0.06%
54	iShares Core US Aggregate Bond	464287226	20,433	$2.0M	0.06%
55	Schwab US Dividend Equity ETF	808524797	69,296	$1.9M	0.05%
56	iShares Russell 2000 Value	464287630	10,672	$1.9M	0.05%
57	Vanguard Total International B	92203j407	37,553	$1.9M	0.05%
58	IShares Core MSCI Emerging ETF	46434g103	27,552	$1.8M	0.05%
59	iShares ESG Aware MSCI USA ETF	46435G425	11,997	$1.7M	0.05%
60	iShares Core MSCI EAFE ETF	46432f842	19,772	$1.7M	0.05%
61	iShares ESG Aware MSCI ETF	46434G863	38,033	$1.7M	0.05%
62	iShares DJ Select Dividend Ind	464287168	11,202	$1.6M	0.05%
63	Dimensional US Real Estate ETF	25434V823	65,780	$1.6M	0.04%
64	Alphabet Inc Cl A	GOOG	5,740	$1.4M	0.04%
65	iShares MSCI ACWI Index Fund	464288257	10,000	$1.4M	0.04%
66	Schwab US Small Cap ETF	808524607	48,473	$1.4M	0.04%
67	Apple Inc	AAPL	5,066	$1.3M	0.04%
68	Schwab US Large Cap Value ETF	808524409	42,925	$1.2M	0.04%
69	iShares MSCI Minimum Volatilit	46429b697	12,847	$1.2M	0.03%
70	Invesco S&P 500 Equal Weight E	IVZ	5,877	$1.1M	0.03%
71	iShares MSCI Emerging Markets	464287234	20,403	$1.1M	0.03%
72	iShares Core MSCI Total Intl S	46432f834	12,362	$1.0M	0.03%
73	iShares S&P Mid Cap 400 Index	464287507	14,790	$965,195	0.03%
74	iShares S&P Mid Cap 400 Value	464287705	7,216	$936,032	0.03%
75	Vanguard Total Bond Market ETF	921937835	10,881	$809,220	0.02%
76	iShares Trust S&P 500/Barra Va	464287408	3,879	$801,114	0.02%
77	SPDR Gold Shares	GLD	2,192	$779,190	0.02%
78	iShares MSCI Emerging Markets	464286533	11,285	$720,318	0.02%
79	Vanguard Total World Stock Ind	922042742	5,120	$705,591	0.02%
80	iShares ESG Advanced MSCI EAFE	46436E759	9,236	$699,535	0.02%
81	TransDigm Group Inc	TDG	513	$676,144	0.02%
82	iShares ESG Advanced MSCI USA	46436E767	11,633	$666,687	0.02%
83	Schwab Fundamental US Small Co	808524763	20,850	$649,676	0.02%
84	Vanguard Total International S	921909768	8,384	$615,889	0.02%
85	MasterCard Inc	MA	1,019	$579,465	0.02%
86	iShares MSCI EAFE Small Cap In	464288273	7,541	$578,546	0.02%
87	iShares Bitcoin	IBIT	8,326	$541,190	0.02%
88	Alphabet Inc Cl C	GOOG	2,130	$518,726	0.01%
89	Goldman Sachs Active Beta ETF	NVGLF	3,829	$498,857	0.01%
90	Schwab Fundamental Large Cap I	808524771	17,875	$470,113	0.01%
91	Exxon Mobil Corporation	XOM	4,145	$467,349	0.01%
92	SPDR Financial Select Sector E	81369Y605	8,554	$460,804	0.01%
93	iShares Barclays US Treasury I	464287176	4,029	$448,105	0.01%
94	Vanguard Russell 1000 Growth	92206c680	3,689	$444,472	0.01%
95	iShares MSCI EAFE Minimum Vola	46429b689	5,231	$443,746	0.01%
96	Johnson & Johnson	JNJ	2,317	$429,540	0.01%
97	Amazon Communications	AMZN	1,915	$420,477	0.01%
98	iShares S&P Small Cap 600 Valu	464287879	3,723	$411,780	0.01%
99	iShares MSCI EAFE Growth Index	464288885	3,424	$389,925	0.01%
100	Schwab Fundamental Intl Large	808524755	8,468	$363,780	0.01%
101	iShares Lehman 3-7 Year Treasu	464288661	2,995	$357,932	0.01%
102	iShares Core S&P Total US Stoc	464287150	2,376	$346,109	0.01%
103	Home Depot Inc	HD	850	$344,412	0.01%
104	WidsomTree US Large Cap Divide	WT	3,902	$339,618	0.01%
105	Vanguard Mega Cap Growth ETF	921910816	826	$332,399	0.01%
106	SPDR S&P Dividend ETF	78464a763	2,154	$301,680	0.01%
107	Procter & Gamble Co	742718109	1,887	$289,892	0.01%
108	SPDR S&P 500 Value ETF	78464a508	5,190	$287,163	0.01%
109	Pimco 0-5 Year High Yield Corp	72201R783	2,984	$285,529	0.01%
110	Vanguard Small Cap Growth	922908595	958	$285,133	0.01%
111	Meta Platforms Inc	META	353	$259,085	0.01%
112	iShares Core Growth Allocation	464289867	3,996	$257,262	0.01%
113	SPDR S&P International Small C	78463x871	6,329	$254,299	0.01%
114	Vanguard Utilities ETF	92204a876	1,342	$254,221	0.01%
115	OShares FTSE Russell Small Cap	6711op100	5,579	$249,933	0.01%
116	SPDR Portfolio Developed World	78463x889	5,271	$225,546	0.01%
117	iShares Core Dividend Growth	46434v621	3,300	$224,664	0.01%
118	Fidelity National Information	31620m106	3,368	$222,086	0.01%
119	Vanguard Tax Exempt Bond Index	922907746	4,386	$219,607	0.01%
120	Vanguard S&P Mid Cap 400 Value	921932844	2,086	$210,206	0.01%
121	SPDR S&P 500 Growth ETF	78464a409	2,006	$209,647	0.01%
122	iShares MSCI All Country World	464286525	1,738	$208,421	0.01%