JMG Financial Group, Ltd.
Long book
$3.63B
Q1 2026
Positions
127
Top-10 weight
78%
concentration
Last quarter
+12.8%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsJMG Financial Group, Ltd. is a wealth-management firm allocating client money, running a $3.63B US long book across 127 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD S&P 500 ETF, VANGUARD FTSE DEVELOPED ETF, VANGUARD MID-CAP ETF, DIMENSIONAL US SMALL CAP VAL, SCHWAB US LARGE-CAP ETF.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.2%
Q2 2024
+7.5%
Q3 2024
-1.0%
Q4 2024
-1.6%
Q1 2025
+9.9%
Q2 2025
+7.0%
Q3 2025
+2.5%
Q4 2025
-0.7%
Q1 2026
+12.8%
Sector allocation
Technology 41%
Financials 20%
Consumer discretionary 11%
Healthcare 7%
Industrials 6%
Energy 6%
Services media 5%
Other 2%
Long book by quarter
What does JMG Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.2K | $2.0M | 0.1% | -1.2% |
| GOOGL ALPHABET INC-CL A | Technology | 5.6K | $1.6M | 0.0% | -1.7% |
| MSFT MICROSOFT CORP | Technology | 3.6K | $1.3M | 0.0% | -6.6% |
| AAPL APPLE INC | Technology | 5.1K | $1.3M | 0.0% | +0.7% |
| XOM EXXON MOBIL CORP | Energy | 4.1K | $693K | 0.0% | -1.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 528 | $526K | 0.0% | Held |
| MA MASTERCARD INC - A | Services media | 1.0K | $509K | 0.0% | Held |
| TDG TRANSDIGM GROUP INC | Industrials | 406 | $471K | 0.0% | -15.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.7K | $404K | 0.0% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.9K | $399K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 127 | $3.63B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 126 | $3.56B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 122 | $3.51B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 124 | $3.30B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 120 | $2.97B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 112 | $2.93B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 117 | $2.93B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 117 | $2.68B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 120 | $2.62B | canonical | SEC ↗ |