JMG Financial Group, Ltd.

CIK 0001314404 · Q1 2026

13F Equity AUM

$3.6B

+2.1% QoQ

Positions

127

+1 QoQ

AUM Rank

#1,224

Top 10%

Skill Alpha (FF)

-2.3%/yr

Underperformer

Rank #5,572 · Top 68%

vs S&P -5.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 56.9%Top 10: 78.1%Top 20: 92.9%

VOO22.9%

VEA11.1%

VO11.0%

DFSV6.0%

SCHX5.9%

SPY4.7%

DFIC4.7%

DFGR4.6%

VWO4.4%

SCHF2.8%

Others (117)21.9%

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

Sector Allocation

Financial Services99.8%

Other0.3%

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

Position Sizing

Positions: 127Median: 0.04%Avg: 0.79%

0–0.5%

108(7.5%)

0.5–1%

3(2.2%)

1–3%

7(15.0%)

3–5%

4(18.4%)

5%+

5(56.9%)

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

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Portfolio Overlap

Shared: 101Unique: 26vs 20 funds

1.4%Low

127

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)

JPMORGAN CHASE & CO

BANK OF AMERICA CORP /DE/

2.1%

1.9%

0.7%

VANGUARD CAPITAL MANAGEMENT LLC

0.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.4%

GEODE CAPITAL MANAGEMENT, LLC

0.4%

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

New4Increased45Decreased44Exited3

New Positions

DFGX0.1%

+76K

DFAI0.0%

+6K

RGLD0.0%

+813

NEE-PU0.0%

+2K

Increased

DFGR4.6%

+642K(+11%)

DFSV6.0%

+359K(+6%)

DFIC4.7%

+354K(+8%)

DFEM2.2%

+183K(+9%)

VEA11.1%

+71K(+1%)

VOO22.9%

+55K(+4%)

IWR2.5%

+48K(+6%)

VWO4.4%

+48K(+2%)

VO11.0%

+46K(+3%)

VXUS0.1%

+20K(+241%)

Decreased

SCHF2.8%

-124,577(-3%)

SCHX5.9%

-112,423(-1%)

SCHM2.6%

-69,132(-2%)

SCHE0.8%

-21,867(-2%)

IVW0.1%

-12,560(-45%)

SCHH0.1%

-6,734(-6%)

VEU0.4%

-6,158(-3%)

SCHG0.2%

-5,061(-2%)

SPDR S&P Dividen…0.0%

-4,022(-65%)

SCHZ0.1%

-3,750(-4%)

Exited

Akre Focus ETF

-3,334

Fidelity National In…

-3,419

VTEB

-4,386

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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