JNBA FINANCIAL ADVISORS
Q1 2023 Form 13-F
BLOOMINGTON, MINNESOTA
CIK 0001569118
· CRD 106550
· SEC-registered investment adviser
$768.4M Reported Value Total
JNBA FINANCIAL ADVISORS, LLC reports 3,553 total accounts under management (AUM). There are 3,553 discretionary accounts valued at $1,296,023,764, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-09-22
Reported value
$768.4M
Quarter over quarter
+4.2%
Holdings
723
Top-10 concentration
38.9%
Key People
Form ADV owners & control persons
Richard Stephen Brown
SHAREHOLDER
Kimberlee Marie Brown
PRESIDENT/CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q1 2023 13F record
Q1 2023 13F filing summary
| Period of report | March 31, 2023 |
|---|---|
| Filed | May 02, 2023 |
| Form | 13F-HR |
| Reported value | $768.4M |
| Positions | 723 |
| Change in reported value | +6.8% |
| New positions | 88 |
| Exited positions | 23 |
| Position turnover | 14.9% |
| Top-10 concentration | 38.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Nov 3, 2026
|
914 | $1.3B |
|
Q2 2026 13F
Filed Jul 23, 2026
|
830 | $1.3B |
|
Q1 2026 13F
Filed Apr 23, 2026
|
819 | $1.2B |
|
Q4 2025 13F
Filed Jan 26, 2026
|
796 | $1.1B |
|
Q3 2025 13F
Filed Oct 28, 2025
|
651 | $1.1B |
|
Q2 2025 13F
Filed Jul 24, 2025
|
651 | $1.0B |
|
Q1 2025 13F
Filed Apr 25, 2025
|
647 | $964.6M |
|
Q4 2024 13F
Filed Jan 30, 2025
|
648 | $979.3M |
|
Q3 2024 13F
Filed Oct 31, 2024
|
651 | $992.9M |
|
Q2 2024 13F
Filed Jul 22, 2024
|
639 | $947.8M |
|
Q1 2024 13F
Filed Apr 26, 2024
|
667 | $952.2M |
|
Q4 2023 13F
Filed Feb 8, 2024
|
712 | $879.3M |
|
Q3 2023 13F
Filed Nov 2, 2023
|
748 | $800.9M |
|
Q2 2023 13F
Filed Aug 3, 2023
|
705 | $834.1M |
|
Q1 2023 13F
Filed May 2, 2023
|
723 | $768.4M |
|
Q4 2022 13F
Filed Feb 7, 2023
|
658 | $719.6M |
|
Q3 2022 13F
Filed Nov 7, 2022
|
629 | $648.0M |
|
Q2 2022 13F
Filed Jul 22, 2022
|
672 | $659.2M |
|
Q1 2022 13F
Filed Apr 29, 2022
|
653 | $755.0M |
|
Q4 2021 13F
Filed Feb 3, 2022
|
770 | $818.8M |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | MOAT VANECK ETF TRUST | $54.6M | 7.1% |
| 2 | IJH ISHARES TR | $44.4M | 5.77% |
| 3 | VIG VANGUARD SPECIALIZED FUNDS | $35.8M | 4.66% |
| 4 | FNDF SCHWAB STRATEGIC TR | $31.4M | 4.08% |
| 5 | SCHD SCHWAB STRATEGIC TR | $29.9M | 3.89% |
| 6 | BSV VANGUARD BD INDEX FDS | $26.5M | 3.45% |
| 7 | SPDW SPDR INDEX SHS FDS | $21.6M | 2.81% |
| 8 | VNQ VANGUARD INDEX FDS | $19.9M | 2.59% |
| 9 | VEA VANGUARD TAX-MANAGED FDS | $18.1M | 2.36% |
| 10 | MDYV SPDR SER TR | $17.1M | 2.22% |
| 11 | AVEM AMERICAN CENTY ETF TR | $16.2M | 2.11% |
| 12 | DON WISDOMTREE TR | $15.7M | 2.05% |
| 13 | SPYG SPDR SER TR | $15.7M | 2.04% |
| 14 | VWO VANGUARD INTL EQUITY INDEX F | $15.4M | 2.01% |
| 15 | GLDM WORLD GOLD TR | $14.5M | 1.89% |
| 16 | AFL AFLAC INC | $14.3M | 1.86% |
| 17 | VIGI VANGUARD WHITEHALL FDS | $13.2M | 1.71% |
| 18 | SPEM SPDR INDEX SHS FDS | $13.0M | 1.69% |
| 19 | IJR ISHARES TR | $12.4M | 1.61% |
| 20 | IVLU ISHARES TR | $11.6M | 1.51% |
Values as reported on the Q1 2023 Form 13F. Every position is in the holdings table below.