JNBA FINANCIAL ADVISORS

Filed: 1/26/2026ACC: 0001569118-26-000001

📋 What this filing means

JNBA FINANCIAL ADVISORS filed this quarterly 13F‑HR report disclosing 796 equity positions with a total reported market value of $1.14B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

796

Positions

$1.14B

Total AUM (reported)

12.82M

Total Shares

Allocation by class

CORE S&P500 ETF$249.59M21.8%

STATE STREET SPD$125.38M11.0%

COM$125.03M10.9%

PORTFOLIO DEVLPD$100.25M8.8%

CORE S&P MCP ETF$54.07M4.7%

GROWTH ETF$45.90M4.0%

MRNGSTR WDE MOAT$38.79M3.4%

Portfolio Concentration

Top 3$403.92M35.3%

4–10$252.45M22.0%

11–25$214.64M18.7%

Rest$273.91M23.9%

Top 3 weight

35.3%

Top 10 weight

57.3%

Voting Authority Distribution

Total shares with voting rights: 12.82M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

12.82M

% of voting shares100.0%

Investment Discretion (by position count)

Sole796

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings796

Rows:

ISHARES TR

SOLE

CORE S&P500 ETF

Shares364.40K

TypeSH

Market value$249.59M

21.80%

Sole

0.00

Shared

0.00

None

364.40K

SPDR INDEX SHS FDS

SOLE

PORTFOLIO DEVLPD

Shares2.26M

TypeSH

Market value$100.25M

8.76%

Sole

0.00

Shared

0.00

None

2.26M

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares819.26K

TypeSH

Market value$54.07M

4.72%

Sole

0.00

Shared

0.00

None

819.26K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares885.17K

TypeSH

Market value$51.26M

4.48%

Sole

0.00

Shared

0.00

None

885.17K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares94.08K

TypeSH

Market value$45.90M

4.01%

Sole

0.00

Shared

0.00

None

94.08K

VANECK ETF TRUST

SOLE

MRNGSTR WDE MOAT

Shares374.60K

TypeSH

Market value$38.79M

3.39%

Sole

0.00

Shared

0.00

None

374.60K

SPDR INDEX SHS FDS

SOLE

PORTFOLIO EMG MK

Shares803.62K

TypeSH

Market value$37.62M

3.29%

Sole

0.00

Shared

0.00

None

803.62K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares472.68K

TypeSH

Market value$29.53M

2.58%

Sole

0.00

Shared

0.00

None

472.68K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares240.44K

TypeSH

Market value$25.66M

2.24%

Sole

0.00

Shared

0.00

None

240.44K

AFLAC INC

SOLE

COM

Shares214.89K

TypeSH

Market value$23.70M

2.07%

Sole

0.00

Shared

0.00

None

214.89K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares96.22K

TypeSH

Market value$21.15M

1.85%

Sole

0.00

Shared

0.00

None

96.22K

VANGUARD INDEX FDS

SOLE

LARGE CAP ETF

Shares62.60K

TypeSH

Market value$19.71M

1.72%

Sole

0.00

Shared

0.00

None

62.60K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares386.32K

TypeSH

Market value$17.47M

1.53%

Sole

0.00

Shared

0.00

None

386.32K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 QUALITY

Shares222.78K

TypeSH

Market value$16.72M

1.46%

Sole

0.00

Shared

0.00

None

222.78K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares302.68K

TypeSH

Market value$16.27M

1.42%

Sole

0.00

Shared

0.00

None

302.68K

API GROUP CORP

SOLE

COM STK

Shares419.79K

TypeSH

Market value$16.06M

1.40%

Sole

0.00

Shared

0.00

None

419.79K

MICROSOFT CORP

SOLE

COM

Shares32.50K

TypeSH

Market value$15.72M

1.37%

Sole

0.00

Shared

0.00

None

32.50K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares331.66K

TypeSH

Market value$15.54M

1.36%

Sole

0.00

Shared

0.00

None

331.66K

VANGUARD INDEX FDS

SOLE

MID CAP ETF

Shares50.38K

TypeSH

Market value$14.62M

1.28%

Sole

0.00

Shared

0.00

None

50.38K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares102.01K

TypeSH

Market value$12.26M

1.07%

Sole

0.00

Shared

0.00

None

102.01K

ISHARES GOLD TR

SOLE

ISHARES NEW

Shares142.71K

TypeSH

Market value$11.58M

1.01%

Sole

0.00

Shared

0.00

None

142.71K

INVESCO EXCHANGE TRADED FD T

SOLE

RAFI US 1000 ETF

Shares232.54K

TypeSH

Market value$10.91M

0.95%

Sole

0.00

Shared

0.00

None

232.54K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares98.87K

TypeSH

Market value$9.14M

0.80%

Sole

0.00

Shared

0.00

None

98.87K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares98.98K

TypeSH

Market value$9.05M

0.79%

Sole

0.00

Shared

0.00

None

98.98K

ISHARES TR

SOLE

MSCI INTL VLU FT

Shares221.95K

TypeSH

Market value$8.45M

0.74%

Sole

0.00

Shared

0.00

None

221.95K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	CORE S&P500 ETF	364.40K	SH	$249.59M 21.80%	364.40K
SPDR INDEX SHS FDSSOLE	PORTFOLIO DEVLPD	2.26M	SH	$100.25M 8.76%	2.26M
ISHARES TRSOLE	CORE S&P MCP ETF	819.26K	SH	$54.07M 4.72%	819.26K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	885.17K	SH	$51.26M 4.48%	885.17K
VANGUARD INDEX FDSSOLE	GROWTH ETF	94.08K	SH	$45.90M 4.01%	94.08K
VANECK ETF TRUSTSOLE	MRNGSTR WDE MOAT	374.60K	SH	$38.79M 3.39%	374.60K
SPDR INDEX SHS FDSSOLE	PORTFOLIO EMG MK	803.62K	SH	$37.62M 3.29%	803.62K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	472.68K	SH	$29.53M 2.58%	472.68K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	240.44K	SH	$25.66M 2.24%	240.44K
AFLAC INCSOLE	COM	214.89K	SH	$23.70M 2.07%	214.89K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	96.22K	SH	$21.15M 1.85%	96.22K
VANGUARD INDEX FDSSOLE	LARGE CAP ETF	62.60K	SH	$19.71M 1.72%	62.60K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	386.32K	SH	$17.47M 1.53%	386.32K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 QUALITY	222.78K	SH	$16.72M 1.46%	222.78K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	302.68K	SH	$16.27M 1.42%	302.68K
API GROUP CORPSOLE	COM STK	419.79K	SH	$16.06M 1.40%	419.79K
MICROSOFT CORPSOLE	COM	32.50K	SH	$15.72M 1.37%	32.50K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	331.66K	SH	$15.54M 1.36%	331.66K
VANGUARD INDEX FDSSOLE	MID CAP ETF	50.38K	SH	$14.62M 1.28%	50.38K
ISHARES TRSOLE	CORE S&P SCP ETF	102.01K	SH	$12.26M 1.07%	102.01K
ISHARES GOLD TRSOLE	ISHARES NEW	142.71K	SH	$11.58M 1.01%	142.71K
INVESCO EXCHANGE TRADED FD TSOLE	RAFI US 1000 ETF	232.54K	SH	$10.91M 0.95%	232.54K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	98.87K	SH	$9.14M 0.80%	98.87K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	98.98K	SH	$9.05M 0.79%	98.98K
ISHARES TRSOLE	MSCI INTL VLU FT	221.95K	SH	$8.45M 0.74%	221.95K

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