JNBA Financial Advisors
Long book
$1.20B
Q1 2026
Positions
819
Top-10 weight
56%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsJNBA Financial Advisors is a wealth-management firm allocating client money, running a $1.20B US long book across 819 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, STE STR SPDR PT DW EU ETF, ISHARES 0-3 MONTH TREASURY B, AVANTIS INTERNATIONAL EQUITY, ISHARES CORE S&P MIDCAP ETF.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 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
+0.4%
Q2 2024
+7.5%
Q3 2024
-1.6%
Q4 2024
-1.5%
Q1 2025
+8.5%
Q2 2025
+6.8%
Q3 2025
+3.2%
Q4 2025
-0.7%
Q1 2026
+11.4%
Sector allocation
Technology 28%
Financials 24%
Services media 13%
Healthcare 11%
Industrials 6%
Other 6%
Consumer discretionary 5%
Energy 2%
Long book by quarter
What does JNBA Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AFL AFLAC INC | Financials | 214.7K | $23.6M | 2.0% | -0.1% |
| APG API GROUP CORP | Services media | 419.8K | $17.0M | 1.4% | Held |
| MSFT MICROSOFT CORP | Technology | 32.6K | $12.1M | 1.0% | +0.4% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 62.5K | $8.1M | 0.7% | -5.2% |
| AAPL APPLE INC | Technology | 29.4K | $7.5M | 0.6% | -2.0% |
| AMAT APPLIED MATERIALS INC | Technology | 13.7K | $4.7M | 0.4% | -4.4% |
| GGG GRACO INC | Industrials | 54.1K | $4.6M | 0.4% | -0.6% |
| CELC CELCUITY INC | Healthcare | 35.8K | $4.1M | 0.3% | -2.7% |
| INTC INTEL CORP | Technology | 68.7K | $3.0M | 0.3% | -1.4% |
| GOOG ALPHABET INC-CL C | Technology | 10.4K | $3.0M | 0.2% | +1.2% |
| GOOGL ALPHABET INC-CL A | Technology | 9.4K | $2.7M | 0.2% | +0.6% |
| JPM JPMORGAN CHASE & CO | Financials | 8.6K | $2.5M | 0.2% | +0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.8K | $2.4M | 0.2% | -0.4% |
| MDT MEDTRONIC PLC | Healthcare | 27.7K | $2.4M | 0.2% | -2.0% |
| NVDA NVIDIA CORP | Technology | 12.6K | $2.2M | 0.2% | +3.4% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 3 | $2.2M | 0.2% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 8.4K | $2.1M | 0.2% | -15.8% |
| ABBV ABBVIE INC | Healthcare | 9.0K | $2.0M | 0.2% | -1.9% |
| XOM EXXON MOBIL CORP | Energy | 8.8K | $1.5M | 0.1% | -7.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 4.7K | $1.4M | 0.1% | -5.6% |
| DIS WALT DISNEY CO/THE | Services media | 14.6K | $1.4M | 0.1% | -1.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 14.6K | $1.4M | 0.1% | -0.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 12.7K | $1.3M | 0.1% | -1.4% |
| QCOM QUALCOMM INC | Technology | 10.1K | $1.3M | 0.1% | -0.2% |
| TRV TRAVELERS COS INC/THE | Financials | 4.4K | $1.3M | 0.1% | -2.8% |
| UNH UNITEDHEALTH GROUP INC | Financials | 4.4K | $1.2M | 0.1% | -3.8% |
| META META PLATFORMS INC-CLASS A | Technology | 2.0K | $1.2M | 0.1% | +0.4% |
| CSCO CISCO SYSTEMS INC | Technology | 13.9K | $1.1M | 0.1% | -6.6% |
| BBY BEST BUY CO INC | Consumer discretionary | 16.0K | $1.0M | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 4.8K | $991K | 0.1% | +6.8% |
| ORCL ORACLE CORP | Technology | 6.6K | $974K | 0.1% | +0.5% |
| DE DEERE & CO | Industrials | 1.7K | $951K | 0.1% | -2.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 819 | $1.20B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 796 | $1.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 651 | $1.10B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 651 | $1.04B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 647 | $964.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 648 | $979.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 652 | $992.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 640 | $947.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 668 | $952.2M | canonical | SEC ↗ |