JNBA Financial Advisors
SEC Form 13F institutional filer · CIK 0001569118
13F-HR · 338 reported holdings · 2026-03-31
Reported long-US-equity value
$0.57B
Top-10 concentration
83.8%
JNBA Financial Advisors — $574M AUM allocation strategy
JNBA Financial Advisors files SEC Form 13F and reports $574M of long US equity value across 338 reported holdings for 2026-03-31.
Its largest sector bet is Financials 36.1%, followed by Information Technology 4.7% and Materials 1.4%.
The top 10 holdings account for 84% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
JNBA Financial Advisors — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$574M
total across 338 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
84% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SPGI +242K sh · +$13.7M+$SPYM +56.6K sh · +$4.03M+$CVS +554 sh · +$11.6K
Biggest trims (shares)
−$IVV −108K sh · −$88.1M−$SCHW −86.4K sh · −$808K−$IVZ −21.5K sh · −$977K
Exited to nil (held last quarter, gone now)
$ETR ($10.5K last qtr)$NI ($10.2K last qtr)$MAA ($6.53K last qtr)$ADSK ($6.51K last qtr)$XLE ($5.1K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Financial Exchanges & Data22.3%—
- Asset Management & Custody Banks4.9%—
- Investment Banking & Brokerage4.4%—
- Life & Health Insurance4.1%—
- Systems Software2.1%—
- Fertilizers & Agricultural Chemicals1.4%—
- Technology Hardware, Storage & Peripherals1.3%—
- Interactive Media & Services1.0%—
- Other holdings58.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
7 of 7 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $SPGI | S&P Global Inc | 2.62M | $128M | +242K | 22.2% |
| $IVZ | Invesco Ltd | 458K | $28.4M | -21.5K | 4.9% |
| $SCHW | Charles Schwab Corporation | 571K | $25.2M | -86.4K | 4.4% |
| $AFL | AFLAC Incorporated | 215K | $23.6M | -176 | 4.1% |
| $MSFT | Microsoft Corporation | 32.6K | $12.1M | +123 | 2.1% |
| $CF | CF Industries Holdings Inc | 62.5K | $8.11M | -3.4K | 1.4% |
| $AAPL | Apple Inc | 29.4K | $7.46M | -606 | 1.3% |
…and 331 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.