Berger Financial Group, Inc
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Berger Financial Group, Inc reported 412 stock positions worth $1.4 billion. Its top holding was Schwab US DVD Equity ETF (SCHD) at 5.7% of the portfolio, followed by JPMorgan Active Bond ETF (JBND, 4.7%) and Pgim Jennison Focused Growth (PJFG, 4.2%). Compared with Q4 2024, it opened 33 new positions, sold out of 29, added to 152 and reduced 199. The biggest buy was JPMorgan Core Plus Bond ETF (JCPB, shares +190%) and the biggest sale JPMorgan Betabuilders US Agg (BBAG, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- PLYMOUTH, MN
- CIK
- 0001826136
- Portfolio Value
- $1.4B (Q1 2025)
- SEC Filing
- 0001172661-25-001681 ↗ filed May 12, 2025
Holdings Value
Holdings 412 stocks · $1.4B
| SCHD Schwab US DVD Equity ETF | 5.69% | 2,927,350 | $81.8M | Add +10.9% |
| JBND JPMorgan Active Bond ETF | 4.65% | 1,250,930 | $66.9M | Add +9.9% |
| PJFG Pgim Jennison Focused Growth | 4.16% | 704,041 | $59.9M | Add +9.1% |
| SCHG Schwab US Large-Cap Growth | 3.84% | 2,207,231 | $55.3M | Add +3.2% |
| SCHX Schwab US Large-Cap ETF | 3.46% | 2,256,872 | $49.8M | Reduce -17.2% |
| LMBS First Trust Low Duration Opp | 3.31% | 970,373 | $47.7M | Add +10.1% |
| JCPB JPMorgan Core Plus Bond ETF | 2.65% | 809,673 | $38.1M | Add +189.9% |
| AAPL Apple Inc. | 2.61% | 168,915 | $37.5M | Add +0.1% |
| HTRB Hartford TTL RTRN BND ETF | 1.85% | 788,276 | $26.7M | Add +20.9% |
| PYLD PIMCO Multisector Bond Actv | 1.83% | 998,502 | $26.3M | Add +7.2% |
| AGG iShares Core U.S. Aggregate | 1.47% | 214,048 | $21.2M | Reduce -8.5% |
| FBT First Trust Nyse Arca Biotec | 1.31% | 110,974 | $18.9M | Reduce -28.1% |
| DFAI Dimensional International Co. | 1.28% | 591,329 | $18.5M | Add +8005.9% |
| AMZN Amazon.com Inc. | 1.27% | 96,441 | $18.3M | Reduce -0.2% |
| DFAE Dimensional Emerging Core Eq | 1.20% | 667,067 | $17.3M | New |
| CHRW C.H. Robinson Worldwide Inc. | 1.14% | 159,769 | $16.4M | Reduce -26.3% |
| MSFT Microsoft Corp. | 1.07% | 41,110 | $15.4M | Reduce -28.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.04% | 26,697 | $14.9M | Add +7.3% |
| NVDA Nvidia Corp. | 1.02% | 136,120 | $14.8M | Add +1.7% |
| COST Costco Wholesale Corp. | 0.95% | 14,455 | $13.7M | Reduce -6.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.95% | 78,910 | $13.6M | Reduce -1.7% |
| HODL Vaneck Bitcoin ETF | 0.94% | 581,061 | $13.5M | Add +43.3% |
| VOO Vanguard S&P 500 ETF | 0.92% | 25,873 | $13.3M | Add +1.1% |
| AVMC Avantis US Mid Cap Eq ETF | 0.91% | 211,586 | $13.1M | Add +13.7% |
| NPFI Nuveen Preferred & Income | 0.89% | 496,578 | $12.8M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.87% | 33,812 | $12.5M | Add +1.1% |
| AVSC Avantis US Small Cap Equity | 0.87% | 257,973 | $12.5M | Add +17.1% |
| FEOE First Eagle Overseas Eq ETF | 0.84% | 311,994 | $12.2M | New |
| AVEM Avantis Emerging Markets Eq | 0.81% | 192,696 | $11.6M | Reduce -2.5% |
| MA Mastercard Inc. Class A | 0.74% | 19,532 | $10.7M | Reduce -1.2% |
| V Visa Inc. Class A | 0.73% | 29,923 | $10.5M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.69% | 64,542 | $10.0M | Reduce -5.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.67% | 20,706 | $9.7M | Add +7.4% |
| JNJ Johnson & Johnson | 0.58% | 49,985 | $8.3M | Add +24.3% |
| SMMD iShares Russell 2500 ETF | 0.58% | 132,441 | $8.3M | Reduce -19.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.57% | 32,759 | $8.1M | Reduce -7.3% |
| WMT Walmart Inc. | 0.55% | 89,517 | $7.9M | Reduce -18.3% |
| T AT&T Inc. | 0.54% | 277,290 | $7.8M | Add +801.5% |
| LMT Lockheed Martin Corp. | 0.54% | 17,269 | $7.7M | Add +3.8% |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | 0.52% | 402,626 | $7.5M | Add +12.9% |
| UNH Unitedhealth Group Inc. | 0.52% | 14,283 | $7.5M | Reduce -42.0% |
| HWKN Hawkins Inc. | 0.52% | 70,038 | $7.4M | No change |
| PEP Pepsico Inc. | 0.51% | 49,420 | $7.4M | Add +304.3% |
| EMB iShares JP Morgan Usd Emergi | 0.51% | 81,172 | $7.4M | Add +18.4% |
| GILD Gilead Sciences Inc. | 0.48% | 61,286 | $6.9M | New |
| UJUN Innovator U.S. Equity Ultra | 0.47% | 205,481 | $6.8M | Reduce -4.0% |
| ALL Allstate Corp. | 0.46% | 31,695 | $6.6M | Add +1649.2% |
| CB Chubb Ltd. | 0.45% | 21,571 | $6.5M | Add +5.5% |
| HIG Hartford Insurance Group Inc. | 0.45% | 52,440 | $6.5M | Reduce -6.6% |
| COR Cencora Inc. | 0.44% | 22,943 | $6.4M | New |
| IJUL Innovator International Deve | 0.44% | 216,588 | $6.3M | Reduce -3.5% |
| ELV Elevance Health Inc. | 0.43% | 14,248 | $6.2M | Add +2426.2% |
| L Loews Corp. | 0.43% | 67,353 | $6.2M | Add +1.6% |
| IRT Independence Realty Trust Inc. | 0.43% | 290,563 | $6.2M | Reduce -1.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.43% | 189,096 | $6.2M | Add +19.2% |
| DFAC Dimensional US Core Equity 2 | 0.42% | 184,465 | $6.1M | Reduce -5.2% |
| EXPD Expeditors Intl Wash Inc. | 0.42% | 50,248 | $6.0M | Add +23.1% |
| BND Vanguard Total Bond Market | 0.41% | 80,821 | $5.9M | Reduce -3.5% |
| FESM Fidelity Enhanced Small Cap | 0.41% | 200,337 | $5.9M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 48,050 | $5.9M | Reduce -5.6% |
| FFIV F5 Inc. | 0.40% | 21,675 | $5.8M | Reduce -21.1% |
| FE Firstenergy Corp. | 0.40% | 140,794 | $5.7M | New |
| CMCSA Comcast Corp. Class A | 0.39% | 153,763 | $5.7M | Add +1949.1% |
| NWSA News Corp. Class A | 0.39% | 205,379 | $5.6M | Add +2.2% |
| EOG EOG Resources Inc. | 0.38% | 43,137 | $5.5M | New |
| FTNT Fortinet Inc. | 0.38% | 57,265 | $5.5M | New |
| CTSH Cognizant Tech Solutions-A | 0.38% | 71,494 | $5.5M | Add +6.4% |
| LLY Eli Lilly & Co. | 0.38% | 6,543 | $5.4M | Reduce -0.0% |
| IPG Interpublic Group of Cos Inc. | 0.37% | 197,251 | $5.4M | Add +26.0% |
| TEL Te Connectivity PLC | 0.37% | 37,471 | $5.3M | Add +1.7% |
| CNC Centene Corp. | 0.37% | 86,657 | $5.3M | Add +30.4% |
| LDOS Leidos Holdings Inc. | 0.36% | 38,771 | $5.2M | Add +2417.6% |
| AVY Avery Dennison Corp. | 0.36% | 29,292 | $5.2M | New |
| HD Home Depot Inc. | 0.36% | 14,024 | $5.1M | Reduce -0.4% |
| APA Apa Corp. | 0.35% | 240,726 | $5.1M | New |
| LYV Live Nation Entertainment Inc. | 0.35% | 38,745 | $5.1M | New |
| WDAY Workday Inc. Class A | 0.35% | 21,296 | $5.0M | New |
| FICO Fair Isaac Corp. | 0.34% | 2,645 | $4.9M | Reduce -0.1% |
| IWY iShares Russell Top 200 Grow | 0.34% | 23,050 | $4.9M | Add +3.7% |
| MU Micron Technology Inc. | 0.34% | 55,951 | $4.9M | New |
| ADSK Autodesk Inc. | 0.34% | 18,541 | $4.9M | New |
| J Jacobs Solutions Inc. | 0.33% | 39,824 | $4.8M | Add +11.3% |
| BSCS Invesco Bulletshares 2028 CB | 0.33% | 233,377 | $4.7M | Reduce -4.0% |
| CDW CDW Corp. | 0.32% | 29,023 | $4.7M | Add +27.3% |
| SCHF Schwab Intl Equity ETF | 0.32% | 232,164 | $4.6M | Reduce -71.6% |
| IT Gartner Inc. | 0.32% | 10,916 | $4.6M | Add +2011.4% |
| DFCF Dimensional Core Fixed Inc. | 0.30% | 102,045 | $4.3M | Add +96.2% |
| NTAP Netapp Inc. | 0.29% | 48,202 | $4.2M | Reduce -11.4% |
| BSCP Invesco Bulletshares 2025 CB | 0.29% | 201,326 | $4.2M | Reduce -10.4% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.29% | 123,684 | $4.1M | Add +14.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.28% | 50,964 | $4.0M | Add +2.1% |
| BSCR Invesco Bulletshares 2027 CB | 0.28% | 204,171 | $4.0M | Reduce -2.6% |
| FISV Fiserv Inc. | 0.28% | 18,040 | $4.0M | Add +0.3% |
| CION Cion Investment Corp. | 0.27% | 381,926 | $4.0M | Add +17.0% |
| CHD Church & Dwight Co. Inc. | 0.27% | 35,322 | $3.9M | Reduce -2.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 13,892 | $3.8M | Add +5.1% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 74,278 | $3.8M | Reduce -2.6% |
| BSCQ Invesco Bulletshares 2026 CB | 0.26% | 192,665 | $3.8M | Reduce -3.9% |
| TSLA Tesla Inc. | 0.24% | 13,253 | $3.4M | Add +8.8% |
| EJUL Innovator Emerging Markets P | 0.23% | 132,977 | $3.4M | Add +1.6% |
Options reported separately and not counted above: VOO puts ($1.3M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $202K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 163 | $202K | Reduce -8.4% |
Total filed on the 13F, all lines: $1.4B.
Portfolio Sells Q4 2024 → Q1 2025
| BBAG JPMorgan Betabuilders US Agg | Reduce -93.4% | 0.10% | −1.42 |
| GINN Goldman Sachs Innovate Eqty | Reduce -94.1% | 0.07% | −1.14 |
| VWO Vanguard Ftse Emerging Marke | Reduce -88.5% | 0.13% | −1.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -95.7% | 0.05% | −0.94 |
| SCHX Schwab US Large-Cap ETF | Reduce -17.2% | 3.46% | −0.90 |
| TLT iShares 20+ Year Treasury BD | Reduce -94.0% | 0.05% | −0.74 |
| SCHF Schwab Intl Equity ETF | Reduce -71.6% | 0.32% | −0.73 |
| MSFT Microsoft Corp. | Reduce -28.6% | 1.07% | −0.60 |
| TRGP Targa Resources Corp. | Reduce -97.6% | 0.02% | −0.60 |
| K Kellanova | Reduce -96.4% | 0.02% | −0.46 |
| FBT First Trust Nyse Arca Biotec | Reduce -28.1% | 1.31% | −0.46 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.45 |
| KR Kroger Co. | Reduce -96.7% | 0.02% | −0.42 |
| TMUS T-Mobile US Inc. | Reduce -97.2% | 0.01% | −0.42 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -26.3% | 1.14% | −0.41 |
| BBY Best Buy Co. Inc. | Reduce -94.4% | 0.02% | −0.38 |
| BMY Bristol-Myers Squibb Co. | Reduce -92.6% | 0.03% | −0.37 |
| PRU Prudential Financial Inc. | Reduce -95.0% | 0.02% | −0.37 |
| EA Electronic Arts Inc. | Reduce -95.8% | 0.02% | −0.35 |
| UNH Unitedhealth Group Inc. | Reduce -42.0% | 0.52% | −0.34 |
| FAST Fastenal Co. | Reduce -88.4% | 0.05% | −0.33 |
| QCOM Qualcomm Inc. | Reduce -88.8% | 0.04% | −0.33 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −0.32 |
| ED Consolidated Edison Inc. | Reduce -94.5% | 0.02% | −0.32 |
| EG Everest Group Ltd. | Reduce -95.2% | 0.02% | −0.31 |
| PSX Phillips 66 | Reduce -92.2% | 0.03% | −0.29 |
| SCHA Schwab US Small-Cap ETF | Reduce -87.8% | 0.03% | −0.22 |
| GOOGL Alphabet Inc. Class A | Reduce -5.2% | 0.69% | −0.20 |
| SMMD iShares Russell 2500 ETF | Reduce -19.2% | 0.58% | −0.19 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 1.27% | −0.19 |
| NTAP Netapp Inc. | Reduce -11.4% | 0.29% | −0.14 |
| WMT Walmart Inc. | Reduce -18.3% | 0.55% | −0.14 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.10 |
| AGG iShares Core U.S. Aggregate | Reduce -8.5% | 1.47% | −0.09 |
| FFIV F5 Inc. | Reduce -21.1% | 0.40% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -30.2% | 0.14% | −0.07 |
| SILA Sila Realty Trust Inc. | Sold out | 0.00% | −0.05 |
| ADBE Adobe Inc. | Reduce -60.5% | 0.03% | −0.05 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.05 |
| CPSD CLMS S&P STR Alt Dec | Sold out | 0.00% | −0.05 |
| AMTM Amentum Holdings Inc. | Sold out | 0.00% | −0.04 |
| DFAC Dimensional US Core Equity 2 | Reduce -5.2% | 0.42% | −0.04 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -10.4% | 0.29% | −0.03 |
| TECH Bio-Techne Corp. | Reduce -7.4% | 0.10% | −0.03 |
| HNDL Nasdaq 7 Handl Index ETF | Reduce -15.3% | 0.16% | −0.03 |
| UJUN Innovator U.S. Equity Ultra | Reduce -4.0% | 0.47% | −0.03 |
| UAPR Innovator U.S. Equity Ultra | Reduce -8.2% | 0.22% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -6.3% | 0.95% | −0.03 |
| FICO Fair Isaac Corp. | Reduce -0.1% | 0.34% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -9.5% | 0.11% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| JCPB JPMorgan Core Plus Bond ETF | Add +189.9% | 2.65% | +1.76 |
| DFAI Dimensional International Co. | Add +8005.9% | 1.28% | +1.27 |
| DFAE Dimensional Emerging Core Eq | New | 1.20% | +1.20 |
| NPFI Nuveen Preferred & Income | New | 0.89% | +0.89 |
| FEOE First Eagle Overseas Eq ETF | New | 0.84% | +0.84 |
| SCHD Schwab US DVD Equity ETF | Add +10.9% | 5.69% | +0.70 |
| JBND JPMorgan Active Bond ETF | Add +9.9% | 4.65% | +0.54 |
| T AT&T Inc. | Add +801.5% | 0.54% | +0.50 |
| GILD Gilead Sciences Inc. | New | 0.48% | +0.48 |
| COR Cencora Inc. | New | 0.44% | +0.44 |
| ALL Allstate Corp. | Add +1649.2% | 0.46% | +0.43 |
| ELV Elevance Health Inc. | Add +2426.2% | 0.43% | +0.42 |
| FESM Fidelity Enhanced Small Cap | New | 0.41% | +0.41 |
| FE Firstenergy Corp. | New | 0.40% | +0.40 |
| PEP Pepsico Inc. | Add +304.3% | 0.51% | +0.39 |
| EOG EOG Resources Inc. | New | 0.38% | +0.38 |
| FTNT Fortinet Inc. | New | 0.38% | +0.38 |
| CMCSA Comcast Corp. Class A | Add +1949.1% | 0.39% | +0.37 |
| AVY Avery Dennison Corp. | New | 0.36% | +0.36 |
| HTRB Hartford TTL RTRN BND ETF | Add +20.9% | 1.85% | +0.35 |
| APA Apa Corp. | New | 0.35% | +0.35 |
| LYV Live Nation Entertainment Inc. | New | 0.35% | +0.35 |
| LMBS First Trust Low Duration Opp | Add +10.1% | 3.31% | +0.35 |
| LDOS Leidos Holdings Inc. | Add +2417.6% | 0.36% | +0.35 |
| WDAY Workday Inc. Class A | New | 0.35% | +0.35 |
| MU Micron Technology Inc. | New | 0.34% | +0.34 |
| ADSK Autodesk Inc. | New | 0.34% | +0.34 |
| IT Gartner Inc. | Add +2011.4% | 0.32% | +0.30 |
| HODL Vaneck Bitcoin ETF | Add +43.3% | 0.94% | +0.20 |
| JNJ Johnson & Johnson | Add +24.3% | 0.58% | +0.17 |
| PYLD PIMCO Multisector Bond Actv | Add +7.2% | 1.83% | +0.16 |
| DFCF Dimensional Core Fixed Inc. | Add +96.2% | 0.30% | +0.15 |
| CGCB Cap Group Core Bond | New | 0.11% | +0.11 |
| VICI Vici Properties Inc. | Add +19.2% | 0.43% | +0.11 |
| EXPD Expeditors Intl Wash Inc. | Add +23.1% | 0.42% | +0.11 |
| DFAU Dimensional US Core Equity M | New | 0.10% | +0.10 |
| EMB iShares JP Morgan Usd Emergi | Add +18.4% | 0.51% | +0.09 |
| CNC Centene Corp. | Add +30.4% | 0.37% | +0.09 |
| UFEB Innovator U.S. Equity Ultra | Add +403.8% | 0.10% | +0.08 |
| AVMC Avantis US Mid Cap Eq ETF | Add +13.7% | 0.91% | +0.08 |
| DFAW Dimensional World Eqty ETF | Add +204.2% | 0.11% | +0.07 |
| IPG Interpublic Group of Cos Inc. | Add +26.0% | 0.37% | +0.07 |
| SGOV iShares 0-3 Month Treasury B | Add +122.8% | 0.12% | +0.07 |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | Add +12.9% | 0.52% | +0.06 |
| CB Chubb Ltd. | Add +5.5% | 0.45% | +0.06 |
| USSH Wisdomtree 1-3 Y Lad TRY FD | New | 0.05% | +0.05 |
| EOCT Innovator Emer MKT PWR Buff | Add +176.2% | 0.08% | +0.05 |
| IJUN Innov Intl Dev PB ETF - June | Add +201.3% | 0.07% | +0.05 |
| CDW CDW Corp. | Add +27.3% | 0.32% | +0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.04% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | put | Reduce -3.9% | 2,500 | $1.3M |
| INSP Inspire Medical Systems Inc. | put | Sold out | 600 | $111Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -8.4% | 163 | $202K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 475 | $2.0B | SCHD, SCHG, VUG, PJFG, JBND |
| Q1 2026 | 463 | $1.8B | SCHD, VUG, JBND, SCHG, PJFG |
| Q4 2025 | 459 | $1.7B | SCHD, PJFG, SCHG, JBND, SCHX |
| Q3 2025 | 439 | $1.7B | SCHD, PJFG, SCHG, JBND, SCHX |
| Q2 2025 | 414 | $1.5B | SCHD, PJFG, JBND, SCHG, SCHX |
| Q1 2025 | 412 | $1.4B | SCHD, JBND, PJFG, SCHG, SCHX |
| Q4 2024 | 408 | $1.4B | SCHD, SCHX, PJFG, SCHG, JBND |
| Q3 2024 | 388 | $1.4B | SCHD, JBND, SCHX, PJFG, SCHG |
| Q2 2024 | 360 | $1.3B | SCHD, JBND, PJFG, SCHX, SCHG |
| Q1 2024 | 359 | $1.2B | SCHX, JBND, SCHD, PJFG, LMBS |