Q2 2026 13F · SEC CIK 1569118

JNBA Financial Advisors

Wealth managerFiled 2026-07-23 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.3B
Reported positions: 830
Top holdings a year, 3 yrs: +15.8%
Assets under management: $2.0B

JNBA Financial Advisors is a wealth manager that reported 830 positions worth $1.3B in its Q2 2026 13F, filed 2026-07-23. Its largest holdings were Ishares Tr (IVV, 13.2%), Spdr Index Shs Fds (SPDW, 9.3%), Ishares Tr (SGOV, 7.0%). A portfolio copying its top holdings returned 15.8% a year over the last 3 years, against 20.4% for the S&P 500.

JNBA Financial Advisors holdings largest 50 of 830 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

JNBA Financial Advisors 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
IVVIshares Tr	13.2%	13.2%	232,149	-4.0%	$173.9M
SPDWSpdr Index Shs Fds	9.3%	9.5%	2,430,445	-3.1%	$122.5M
SGOVIshares Tr	7.0%	7.1%	924,007	+9.1%	$93.0M
AVDEAvantis International Equity ETF	5.2%	5.0%	769,910	+8.7%	$68.7M
IJHIshares Tr	4.6%	4.5%	794,124	-1.1%	$61.2M
SPMDSpdr Series Trust	4.2%	4.2%	815,885	-4.2%	$55.1M
VUGVanguard Index Fds	3.8%	3.6%	581,566	+495.0%	$50.1M
SPEMSpdr Index Shs Fds	3.1%	3.1%	796,899	+0.2%	$41.3M
VEAVanguard Ftse Developed Markets Index Fu	2.9%	2.8%	535,325	+2.6%	$38.1M
MOATVaneck Morningstar Wide Moat ETF	2.7%	2.9%	338,932	-5.3%	$35.2M
APGApi Group Corp	2.2%	1.4%	699,242	+66.6%	$29.6M
SPYGState Street Spdr Portfolio S&p 500 Grow	2.0%	1.9%	224,178	-3.2%	$26.7M
VVVanguard Index Fds	2.0%	1.9%	75,027	-3.6%	$25.8M
AFLAflac Inc	1.9%	2.0%	214,727	+0.0%	$25.2M
VIGVanguard Specialized Funds	1.6%	1.7%	90,466	-2.3%	$21.4M
FNDFSchwab Strategic Tr	1.5%	1.5%	378,322	+2.2%	$20.0M
VWOVanguard Intl Equity Index F	1.4%	1.4%	303,085	-0.3%	$18.1M
SPHQInvesco Exchange Traded Fd T	1.3%	1.4%	196,648	-10.3%	$17.7M
VOVanguard Index Fds	1.2%	1.2%	195,423	+291.0%	$15.7M
SPLGSpdr Series Trust	1.1%	0.9%	162,121	+16.0%	$14.2M
IJRIshares Tr	1.0%	1.0%	91,345	-8.2%	$13.5M
MSFTMicrosoft Corp	0.9%	1.0%	32,543	-0.2%	$12.1M
PRFInvesco Exchange Traded Fd T	0.9%	0.9%	210,945	-3.5%	$11.4M
AMATApplied Matls Inc	0.7%	0.4%	13,519	-1.6%	$9.8M
IAUIshares Gold Tr	0.7%	1.0%	128,823	-1.5%	$9.7M
INTCIntel Corp	0.7%	—	65,771	—	$9.2M
AAPLApple Inc	0.7%	0.6%	31,180	+6.1%	$9.0M
SPSMSpdr Series Trust	0.6%	1.3%	148,319	-54.0%	$8.6M
MDYGSpdr Ser Tr	0.6%	0.7%	75,077	-12.3%	$8.4M
MDYVSpdr Series Trust	0.6%	0.6%	85,995	-3.0%	$8.2M
VIGIVanguard Whitehall Fds	0.6%	0.7%	85,265	-11.2%	$8.0M
ESGDiShares ESG Aware MSCI EAFE ETF	0.6%	0.6%	74,525	-0.1%	$7.7M
IVLUIshares Tr	0.6%	0.6%	181,385	-0.7%	$7.6M
VBVanguard Index Fds	0.6%	0.6%	24,310	-17.9%	$7.4M
IJKIshares S&p Mid Cap 400 Growth	0.5%	0.5%	61,696	-3.2%	$7.2M
CFCf Industries Hold	0.5%	0.7%	62,452	+0.0%	$6.8M
AVEMAmerican Centy ETF Tr	0.4%	0.4%	55,779	-1.3%	$5.4M
IJJIshares Tr	0.4%	0.4%	33,379	-2.2%	$4.9M
SCHDSchwab Strategic Tr	0.4%	0.5%	153,033	-13.6%	$4.9M
VTEBVanguard Mun Bd Fds	0.4%	0.4%	92,273	+1.4%	$4.7M
VEUVanguard Intl Equity Index F	0.3%	0.3%	54,755	-0.2%	$4.6M
VOEVanguard Index Fds	0.3%	0.4%	22,428	-2.5%	$4.4M
VGTVanguard World Fd	0.3%	—	36,349	—	$4.3M
XJHIshares Tr	0.3%	0.3%	82,878	-3.8%	$4.3M
XVVIshares Tr	0.3%	0.4%	75,662	-11.7%	$4.3M
GLDMWorld Gold Tr	0.3%	0.4%	52,392	-9.1%	$4.2M
VTIVanguard Index Fds	0.3%	0.3%	11,025	-0.7%	$4.1M
GGGGraco Inc	0.3%	0.4%	53,891	-0.4%	$4.1M
VCSHVanguard Scottsdale Fds	0.3%	0.3%	48,901	-0.3%	$3.9M
SPYVState Street Spdr Portfolio S&p 500 Valu	0.3%	0.3%	62,238	-5.9%	$3.8M

What JNBA Financial Advisors bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +19.7% /yr; S&P 500 +20.1%
3 years: +15.8% /yr; S&P 500 +20.4%
5 years: +8.2% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.3B	830
Q1 2026	$1.2B	819
Q4 2025	$1.1B	796
Q3 2025	$1.1B	651
Q2 2025	$1.0B	651
Q1 2025	$964.6M	647
Q4 2024	$979.3M	648
Q3 2024	$992.9M	652
Q2 2024	$947.8M	640
Q1 2024	$952.2M	668
Q4 2023	$879.3M	712
Q3 2023	$800.9M	748

Questions about JNBA Financial Advisors's portfolio

What stocks does JNBA Financial Advisors own?

JNBA Financial Advisors's latest 13F, for Q2 2026 and filed Jul 23, 2026, lists 830 positions worth $1.3B. The largest are Ishares Tr (IVV) at 13.2%, Spdr Index Shs Fds (SPDW) at 9.3%, Ishares Tr (SGOV) at 7.0%, Avantis International Equity ETF (AVDE) at 5.2% and Ishares Tr (IJH) at 4.6%.

What did JNBA Financial Advisors buy last quarter?

In Q2 2026, JNBA Financial Advisors added Vanguard Index Fds (VUG) (+495.0% shares), Vanguard Index Fds (VO) (+291.0% shares) and Api Group Corp (APG) (+66.6% shares), compared with its Q1 2026 filing.

What did JNBA Financial Advisors sell last quarter?

In Q2 2026, JNBA Financial Advisors cut from its top 50 Celcuity Inc (CELC), cut from its top 50 Ishares Tr (EAGG), Spdr Series Trust (SPSM) (-54.0% shares), Vanguard Index Fds (VB) (-17.9% shares) and Schwab Strategic Tr (SCHD) (-13.6% shares), compared with its Q1 2026 filing.

How has JNBA Financial Advisors's portfolio performed?

A portfolio copying JNBA Financial Advisors's 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +19.7% against +20.1%. Over 5 years: +8.2% a year against +11.6%.

When is JNBA Financial Advisors's next 13F filing due?

13F filings are due 45 days after each quarter ends. JNBA Financial Advisors's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does JNBA Financial Advisors manage?

JNBA Financial Advisors reported $2.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.3B.