Berger Financial Group, Inc
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), Berger Financial Group, Inc reported 414 stock positions worth $1.5 billion. Its top holding was Schwab US DVD Equity ETF (SCHD) at 5.2% of the portfolio, followed by Pgim Jennison Focused Growth (PJFG, 4.8%) and JPMorgan Active Bond ETF (JBND, 4.4%). Compared with Q1 2025, it opened 17 new positions, sold out of 15, added to 158 and reduced 209. The biggest buy was Pgim Jennison Focused Growth (PJFG, shares +2%) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q2 2026
- Location
- PLYMOUTH, MN
- CIK
- 0001826136
- Portfolio Value
- $1.5B (Q2 2025)
- SEC Filing
- 0001172661-25-002666 ↗ filed Jul 22, 2025
Holdings Value
Holdings 414 stocks · $1.5B
| SCHD Schwab US DVD Equity ETF | 5.20% | 3,025,413 | $80.2M | Add +3.4% |
| PJFG Pgim Jennison Focused Growth | 4.84% | 717,078 | $74.6M | Add +1.9% |
| JBND JPMorgan Active Bond ETF | 4.41% | 1,266,953 | $67.9M | Add +1.3% |
| SCHG Schwab US Large-Cap Growth | 4.31% | 2,271,714 | $66.4M | Add +2.9% |
| SCHX Schwab US Large-Cap ETF | 3.66% | 2,308,056 | $56.4M | Add +2.3% |
| LMBS First Trust Low Duration Opp | 3.17% | 991,200 | $48.8M | Add +2.1% |
| JCPB JPMorgan Core Plus Bond ETF | 2.56% | 839,614 | $39.5M | Add +3.7% |
| AAPL Apple Inc. | 2.20% | 164,925 | $33.8M | Reduce -2.4% |
| HTRB Hartford TTL RTRN BND ETF | 1.83% | 834,880 | $28.3M | Add +5.9% |
| PYLD PIMCO Multisector Bond Actv | 1.74% | 1,012,151 | $26.9M | Add +1.4% |
| AGG iShares Core U.S. Aggregate | 1.38% | 214,314 | $21.3M | Add +0.1% |
| DFAI Dimensional International Co. | 1.37% | 612,156 | $21.2M | Add +3.5% |
| AMZN Amazon.com Inc. | 1.35% | 94,815 | $20.8M | Reduce -1.7% |
| NVDA Nvidia Corp. | 1.34% | 131,142 | $20.7M | Reduce -3.7% |
| MSFT Microsoft Corp. | 1.31% | 40,561 | $20.2M | Reduce -1.3% |
| DFAE Dimensional Emerging Core Eq | 1.29% | 686,092 | $19.9M | Add +2.9% |
| HODL Vaneck Bitcoin ETF | 1.23% | 621,856 | $18.9M | Add +7.0% |
| FBT First Trust Nyse Arca Biotec | 1.18% | 113,019 | $18.2M | Add +1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.06% | 26,413 | $16.3M | Reduce -1.1% |
| VOO Vanguard S&P 500 ETF | 0.99% | 26,887 | $15.3M | Add +3.9% |
| CHRW C.H. Robinson Worldwide Inc. | 0.99% | 158,787 | $15.2M | Reduce -0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.98% | 34,454 | $15.1M | Add +1.9% |
| AVMC Avantis US Mid Cap Eq ETF | 0.94% | 219,107 | $14.5M | Add +3.5% |
| COST Costco Wholesale Corp. | 0.92% | 14,365 | $14.2M | Reduce -0.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.91% | 78,932 | $14.0M | Add +0.0% |
| AVSC Avantis US Small Cap Equity | 0.90% | 268,275 | $13.8M | Add +4.0% |
| AVEM Avantis Emerging Markets Eq | 0.87% | 196,322 | $13.5M | Add +1.9% |
| FEOE First Eagle Overseas Eq ETF | 0.87% | 316,989 | $13.3M | Add +1.6% |
| NPFI Nuveen Preferred & Income | 0.86% | 508,168 | $13.2M | Add +2.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.76% | 21,253 | $11.7M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 0.75% | 65,863 | $11.6M | Add +2.0% |
| MA Mastercard Inc. Class A | 0.69% | 18,912 | $10.6M | Reduce -3.2% |
| V Visa Inc. Class A | 0.67% | 29,002 | $10.3M | Reduce -3.1% |
| HWKN Hawkins Inc. | 0.65% | 70,038 | $10.0M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.62% | 32,513 | $9.6M | Reduce -0.8% |
| SMMD iShares Russell 2500 ETF | 0.61% | 138,848 | $9.4M | Add +4.8% |
| WMT Walmart Inc. | 0.57% | 89,271 | $8.7M | Reduce -0.3% |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | 0.52% | 425,217 | $8.1M | Add +5.6% |
| LMT Lockheed Martin Corp. | 0.52% | 17,395 | $8.1M | Add +0.7% |
| T AT&T Inc. | 0.52% | 276,969 | $8.0M | Reduce -0.1% |
| EMB iShares JP Morgan Usd Emergi | 0.52% | 86,048 | $8.0M | Add +6.0% |
| UJUN Innovator U.S. Equity Ultra | 0.51% | 222,471 | $7.9M | Add +8.3% |
| JNJ Johnson & Johnson | 0.49% | 49,873 | $7.6M | Reduce -0.2% |
| MU Micron Technology Inc. | 0.46% | 56,925 | $7.0M | Add +1.7% |
| COR Cencora Inc. | 0.45% | 23,056 | $6.9M | Add +0.5% |
| GILD Gilead Sciences Inc. | 0.44% | 61,701 | $6.8M | Add +0.7% |
| DFAC Dimensional US Core Equity 2 | 0.44% | 188,141 | $6.7M | Add +2.0% |
| HIG Hartford Insurance Group Inc. | 0.43% | 52,396 | $6.6M | Reduce -0.1% |
| FESM Fidelity Enhanced Small Cap | 0.42% | 203,663 | $6.5M | Add +1.7% |
| FFIV F5 Inc. | 0.42% | 21,809 | $6.4M | Add +0.6% |
| ALL Allstate Corp. | 0.42% | 31,862 | $6.4M | Add +0.5% |
| TEL Te Connectivity PLC | 0.41% | 37,849 | $6.4M | Add +1.0% |
| IJUL Innovator International Deve | 0.41% | 198,789 | $6.3M | Reduce -8.2% |
| CB Chubb Ltd. | 0.41% | 21,667 | $6.3M | Add +0.5% |
| L Loews Corp. | 0.40% | 67,955 | $6.2M | Add +0.9% |
| LDOS Leidos Holdings Inc. | 0.40% | 39,316 | $6.2M | Add +1.4% |
| NWSA News Corp. Class A | 0.40% | 207,931 | $6.2M | Add +1.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.40% | 188,776 | $6.2M | Reduce -0.2% |
| FTNT Fortinet Inc. | 0.40% | 57,798 | $6.1M | Add +0.9% |
| LYV Live Nation Entertainment Inc. | 0.39% | 39,463 | $6.0M | Add +1.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 48,281 | $6.0M | Add +0.5% |
| ADSK Autodesk Inc. | 0.38% | 18,982 | $5.9M | Add +2.4% |
| PEP Pepsico Inc. | 0.38% | 44,364 | $5.9M | Reduce -10.2% |
| DFCF Dimensional Core Fixed Inc. | 0.38% | 138,221 | $5.8M | Add +35.5% |
| EXPD Expeditors Intl Wash Inc. | 0.38% | 50,652 | $5.8M | Add +0.8% |
| FE Firstenergy Corp. | 0.37% | 143,389 | $5.8M | Add +1.8% |
| BND Vanguard Total Bond Market | 0.37% | 77,761 | $5.7M | Reduce -3.8% |
| CTSH Cognizant Tech Solutions-A | 0.37% | 72,577 | $5.7M | Add +1.5% |
| ELV Elevance Health Inc. | 0.37% | 14,523 | $5.6M | Add +1.9% |
| CMCSA Comcast Corp. Class A | 0.37% | 157,631 | $5.6M | Add +2.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 18,442 | $5.6M | Add +32.8% |
| IWY iShares Russell Top 200 Grow | 0.35% | 21,925 | $5.4M | Reduce -4.9% |
| J Jacobs Solutions Inc. | 0.35% | 40,667 | $5.3M | Add +2.1% |
| EOG EOG Resources Inc. | 0.35% | 44,466 | $5.3M | Add +3.1% |
| CDW CDW Corp. | 0.34% | 29,640 | $5.3M | Add +2.1% |
| WDAY Workday Inc. Class A | 0.34% | 21,820 | $5.2M | Add +2.5% |
| LLY Eli Lilly & Co. | 0.34% | 6,712 | $5.2M | Add +2.6% |
| AVY Avery Dennison Corp. | 0.34% | 29,798 | $5.2M | Add +1.7% |
| SCHF Schwab Intl Equity ETF | 0.34% | 235,006 | $5.2M | Add +1.2% |
| HD Home Depot Inc. | 0.33% | 13,728 | $5.0M | Reduce -2.1% |
| IRT Independence Realty Trust Inc. | 0.32% | 280,537 | $5.0M | Reduce -3.5% |
| IPG Interpublic Group of Cos Inc. | 0.32% | 201,700 | $4.9M | Add +2.3% |
| CNC Centene Corp. | 0.31% | 88,447 | $4.8M | Add +2.1% |
| BSCS Invesco Bulletshares 2028 CB | 0.31% | 230,187 | $4.7M | Reduce -1.4% |
| CION Cion Investment Corp. | 0.30% | 487,404 | $4.7M | Add +27.6% |
| APA Apa Corp. | 0.30% | 252,186 | $4.6M | Add +4.8% |
| IT Gartner Inc. | 0.30% | 11,335 | $4.6M | Add +3.8% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 77,375 | $4.4M | Add +4.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.28% | 52,605 | $4.3M | Add +3.2% |
| FICO Fair Isaac Corp. | 0.28% | 2,342 | $4.3M | Reduce -11.5% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.28% | 115,045 | $4.2M | Reduce -7.0% |
| TSLA Tesla Inc. | 0.27% | 13,251 | $4.2M | Reduce -0.0% |
| GDDY GoDaddy Inc. Class A | 0.27% | 22,777 | $4.1M | New |
| BSCR Invesco Bulletshares 2027 CB | 0.26% | 205,294 | $4.0M | Add +0.6% |
| META Meta Platforms Inc. Class A | 0.25% | 5,137 | $3.8M | Add +2.7% |
| BSCP Invesco Bulletshares 2025 CB | 0.24% | 179,148 | $3.7M | Reduce -11.0% |
| JPEM JPM Diversified Ret Em Equit filed as J P MORGAN EXCHANGE TRADED F | 0.24% | 64,860 | $3.7M | Add +2.0% |
| BSCQ Invesco Bulletshares 2026 CB | 0.24% | 186,452 | $3.6M | Reduce -3.2% |
| EJUL Innovator Emerging Markets P | 0.24% | 131,279 | $3.6M | Reduce -1.3% |
| BA The Boeing Co. | 0.23% | 17,220 | $3.6M | Reduce -0.1% |
Options reported separately and not counted above: UNH calls ($4.8M), VOO puts ($1.4M), SPY calls ($247K), SBUX calls ($82K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $218K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| UNH Unitedhealth Group Inc. | COM · principal | 700 | $218K | New |
Total filed on the 13F, all lines: $1.5B.
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.52 |
| AAPL Apple Inc. | Reduce -2.4% | 2.20% | −0.41 |
| NTAP Netapp Inc. | Reduce -94.0% | 0.02% | −0.27 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -0.6% | 0.99% | −0.15 |
| PEP Pepsico Inc. | Reduce -10.2% | 0.38% | −0.13 |
| IRT Independence Realty Trust Inc. | Reduce -3.5% | 0.32% | −0.11 |
| JNJ Johnson & Johnson | Reduce -0.2% | 0.49% | −0.08 |
| DHR Danaher Corp. | Reduce -77.4% | 0.02% | −0.07 |
| FICO Fair Isaac Corp. | Reduce -11.5% | 0.28% | −0.06 |
| V Visa Inc. Class A | Reduce -3.1% | 0.67% | −0.06 |
| CHD Church & Dwight Co. Inc. | Reduce -2.1% | 0.22% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -3.2% | 0.69% | −0.05 |
| RSPH Invesco S&P 500 Equal Weight | Reduce -19.6% | 0.14% | −0.05 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -11.0% | 0.24% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.0% | 0.12% | −0.05 |
| BND Vanguard Total Bond Market | Reduce -3.8% | 0.37% | −0.04 |
| HYD Vaneck High Yield Muni ETF | Sold out | 0.00% | −0.04 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.04 |
| DFAT Dimensional US Target Value | Reduce -40.4% | 0.05% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -7.1% | 0.13% | −0.03 |
| HD Home Depot Inc. | Reduce -2.1% | 0.33% | −0.03 |
| VICI Vici Properties Inc. | Reduce -0.2% | 0.40% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.92% | −0.03 |
| IJUL Innovator International Deve | Reduce -8.2% | 0.41% | −0.03 |
| T AT&T Inc. | Reduce -0.1% | 0.52% | −0.02 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -3.2% | 0.24% | −0.02 |
| TECH Bio-Techne Corp. | Reduce -7.7% | 0.07% | −0.02 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -1.4% | 0.31% | −0.02 |
| KDEC Inn US SML Cap P B ETF - Dec | Sold out | 0.00% | −0.02 |
| KOCT Innovator U.S. Small Cap Pow | Sold out | 0.00% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 0.11% | −0.02 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.02 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -14.5% | 0.08% | −0.02 |
| FLQM Franklin U.S. Mid Cap Multif | Reduce -7.6% | 0.15% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -15.8% | 0.04% | −0.02 |
| XEL Xcel Energy Inc. | Reduce -0.8% | 0.16% | −0.02 |
| HIG Hartford Insurance Group Inc. | Reduce -0.1% | 0.43% | −0.02 |
| SCHV Schwab US Large-Cap Value | Reduce -11.1% | 0.12% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -31.9% | 0.03% | −0.02 |
| DFAU Dimensional US Core Equity M | Reduce -21.4% | 0.08% | −0.02 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.02 |
| UAUG Innovator U.S. Equity Ultra | Reduce -10.2% | 0.17% | −0.02 |
| K Kellanova | Sold out | 0.00% | −0.02 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.02 |
| KR Kroger Co. | Sold out | 0.00% | −0.02 |
| TRGP Targa Resources Corp. | Sold out | 0.00% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -1.9% | 0.10% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -43.7% | 0.02% | −0.02 |
| EG Everest Group Ltd. | Sold out | 0.00% | −0.02 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| PJFG Pgim Jennison Focused Growth | Add +1.9% | 4.84% | +0.68 |
| SCHG Schwab US Large-Cap Growth | Add +2.9% | 4.31% | +0.47 |
| HODL Vaneck Bitcoin ETF | Add +7.0% | 1.23% | +0.29 |
| GDDY GoDaddy Inc. Class A | New | 0.27% | +0.27 |
| SCHX Schwab US Large-Cap ETF | Add +2.3% | 3.66% | +0.20 |
| MU Micron Technology Inc. | Add +1.7% | 0.46% | +0.12 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.9% | 0.98% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +32.8% | 0.36% | +0.10 |
| DFAI Dimensional International Co. | Add +3.5% | 1.37% | +0.09 |
| DFAE Dimensional Emerging Core Eq | Add +2.9% | 1.29% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.6% | 0.76% | +0.09 |
| DFCF Dimensional Core Fixed Inc. | Add +35.5% | 0.38% | +0.08 |
| AVEM Avantis Emerging Markets Eq | Add +1.9% | 0.87% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +3.9% | 0.99% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +19.6% | 0.16% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +2.0% | 0.75% | +0.06 |
| JMUB JPMorgan Municipal ETF | Add +172.1% | 0.10% | +0.06 |
| GIS General Mills Inc. | Add +239.7% | 0.08% | +0.05 |
| DFAW Dimensional World Eqty ETF | Add +41.4% | 0.15% | +0.05 |
| LNC Lincoln National Corp. | Add +302.1% | 0.07% | +0.05 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | New | 0.05% | +0.05 |
| TEL Te Connectivity PLC | Add +1.0% | 0.41% | +0.05 |
| META Meta Platforms Inc. Class A | Add +2.7% | 0.25% | +0.05 |
| ADSK Autodesk Inc. | Add +2.4% | 0.38% | +0.04 |
| CGMU Cap Group Municipal Income | New | 0.04% | +0.04 |
| UJUN Innovator U.S. Equity Ultra | Add +8.3% | 0.51% | +0.04 |
| BTC Grayscale Bitcoin Mini ETF | Add +78.9% | 0.07% | +0.04 |
| LDOS Leidos Holdings Inc. | Add +1.4% | 0.40% | +0.04 |
| EFG iShares MSCI Eafe Growth ETF | Add +14.0% | 0.23% | +0.04 |
| KAPR Innovator U.S. Small Cap Pow | Add +174.1% | 0.06% | +0.04 |
| LYV Live Nation Entertainment Inc. | Add +1.9% | 0.39% | +0.04 |
| SMMD iShares Russell 2500 ETF | Add +4.8% | 0.61% | +0.04 |
| AVSC Avantis US Small Cap Equity | Add +4.0% | 0.90% | +0.03 |
| AVMC Avantis US Mid Cap Eq ETF | Add +3.5% | 0.94% | +0.03 |
| CION Cion Investment Corp. | Add +27.6% | 0.30% | +0.03 |
| IJUN Innov Intl Dev PB ETF - June | Add +35.8% | 0.10% | +0.03 |
| DFAS Dimensional US Small Cap ETF | Add +24.6% | 0.13% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +4.2% | 0.29% | +0.02 |
| UFEB Innovator U.S. Equity Ultra | Add +23.1% | 0.13% | +0.02 |
| COF Capital One Financial Corp. | New | 0.02% | +0.02 |
| FEOE First Eagle Overseas Eq ETF | Add +1.6% | 0.87% | +0.02 |
| CDW CDW Corp. | Add +2.1% | 0.34% | +0.02 |
| BTCI Neos Bitcoin High Income ETF | New | 0.02% | +0.02 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +4.4% | 0.14% | +0.02 |
| JPIB JPMorgan Intl BND ETF | Add +32.8% | 0.09% | +0.02 |
| TIDAL TRUST II | New | 0.02% | +0.02 |
| COIN Coinbase Global Inc. Class A | Add +3.1% | 0.04% | +0.02 |
| SCHF Schwab Intl Equity ETF | Add +1.2% | 0.34% | +0.02 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.02% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +64.2% | 0.05% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | call | New | 15,425 | $4.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 400 | $247K |
| SBUX Starbucks Corp. | call | New | 900 | $82K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | COM · principal | New | 700 | $218K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 163 | $202Kbefore exit |
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 |