Berger Financial Group, Inc
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Berger Financial Group, Inc reported 439 stock positions worth $1.7 billion. Its top holding was Schwab US DVD Equity ETF (SCHD) at 5.0% of the portfolio, followed by Pgim Jennison Focused Growth (PJFG, 4.8%) and Schwab US Large-Cap Growth (SCHG, 4.3%). Compared with Q2 2025, it opened 33 new positions, sold out of 8, added to 187 and reduced 176. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale an exit from Centene (CNC).
- Most Recent 13F
- Q2 2026
- Location
- PLYMOUTH, MN
- CIK
- 0001826136
- Portfolio Value
- $1.7B (Q3 2025)
- SEC Filing
- 0001172661-25-004281 ↗ filed Oct 14, 2025
Holdings Value
Holdings 439 stocks · $1.7B
| SCHD Schwab US DVD Equity ETF | 5.00% | 3,057,211 | $83.5M | Add +1.1% |
| PJFG Pgim Jennison Focused Growth | 4.78% | 724,408 | $79.9M | Add +1.0% |
| SCHG Schwab US Large-Cap Growth | 4.33% | 2,267,841 | $72.4M | Reduce -0.2% |
| JBND JPMorgan Active Bond ETF | 4.17% | 1,285,301 | $69.6M | Add +1.4% |
| SCHX Schwab US Large-Cap ETF | 3.73% | 2,363,403 | $62.3M | Add +2.4% |
| LMBS First Trust Low Duration Opp | 3.02% | 1,011,741 | $50.4M | Add +2.1% |
| AAPL Apple Inc. | 2.49% | 163,540 | $41.6M | Reduce -0.8% |
| JCPB JPMorgan Core Plus Bond ETF | 2.41% | 845,445 | $40.2M | Add +0.7% |
| HTRB Hartford TTL RTRN BND ETF | 1.74% | 845,583 | $29.0M | Add +1.3% |
| PYLD PIMCO Multisector Bond Actv | 1.65% | 1,027,185 | $27.6M | Add +1.5% |
| NVDA Nvidia Corp. | 1.45% | 129,750 | $24.2M | Reduce -1.1% |
| DFAI Dimensional International Co. | 1.35% | 621,650 | $22.6M | Add +1.6% |
| DFAE Dimensional Emerging Core Eq | 1.31% | 692,205 | $21.8M | Add +0.9% |
| AGG iShares Core U.S. Aggregate | 1.30% | 216,341 | $21.7M | Add +0.9% |
| MSFT Microsoft Corp. | 1.26% | 40,537 | $21.0M | Reduce -0.1% |
| HODL Vaneck Bitcoin ETF | 1.25% | 644,296 | $20.9M | Add +3.6% |
| AMZN Amazon.com Inc. | 1.24% | 94,421 | $20.7M | Reduce -0.4% |
| FBT First Trust Nyse Arca Biotec | 1.24% | 115,495 | $20.7M | Add +2.2% |
| CHRW C.H. Robinson Worldwide Inc. | 1.24% | 156,272 | $20.7M | Reduce -1.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.03% | 35,875 | $17.2M | Add +4.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.98% | 24,691 | $16.4M | Reduce -6.5% |
| VOO Vanguard S&P 500 ETF | 0.98% | 26,650 | $16.3M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 0.95% | 65,581 | $15.9M | Reduce -0.4% |
| AVSC Avantis US Small Cap Equity | 0.93% | 270,340 | $15.5M | Add +0.8% |
| AVMC Avantis US Mid Cap Eq ETF | 0.92% | 220,886 | $15.4M | Add +0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.91% | 81,273 | $15.2M | Add +3.0% |
| AVEM Avantis Emerging Markets Eq | 0.90% | 200,919 | $15.1M | Add +2.3% |
| FEOE First Eagle Overseas Eq ETF | 0.90% | 326,016 | $15.0M | Add +2.9% |
| NPFI Nuveen Preferred & Income | 0.82% | 518,856 | $13.7M | Add +2.1% |
| COST Costco Wholesale Corp. | 0.79% | 14,330 | $13.3M | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.79% | 21,994 | $13.2M | Add +3.5% |
| HWKN Hawkins Inc. | 0.77% | 70,038 | $12.8M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.64% | 38,163 | $10.8M | Add +17.4% |
| MA Mastercard Inc. Class A | 0.63% | 18,621 | $10.6M | Reduce -1.5% |
| SMMD iShares Russell 2500 ETF | 0.63% | 142,498 | $10.5M | Add +2.6% |
| V Visa Inc. Class A | 0.58% | 28,453 | $9.7M | Reduce -1.9% |
| MU Micron Technology Inc. | 0.57% | 56,725 | $9.5M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.55% | 49,781 | $9.2M | Reduce -0.2% |
| WMT Walmart Inc. | 0.55% | 89,203 | $9.2M | Reduce -0.1% |
| LMT Lockheed Martin Corp. | 0.52% | 17,472 | $8.7M | Add +0.4% |
| EMB iShares JP Morgan Usd Emergi | 0.50% | 87,095 | $8.3M | Add +1.2% |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | 0.49% | 430,277 | $8.2M | Add +1.2% |
| TEL Te Connectivity PLC | 0.49% | 37,139 | $8.2M | Reduce -1.9% |
| UJUN Innovator U.S. Equity Ultra | 0.48% | 216,710 | $8.0M | Reduce -2.6% |
| T AT&T Inc. | 0.47% | 276,092 | $7.8M | Reduce -0.3% |
| FESM Fidelity Enhanced Small Cap | 0.46% | 210,093 | $7.7M | Add +3.2% |
| LDOS Leidos Holdings Inc. | 0.44% | 39,077 | $7.4M | Reduce -0.6% |
| COR Cencora Inc. | 0.43% | 23,070 | $7.2M | Add +0.1% |
| DFAC Dimensional US Core Equity 2 | 0.43% | 186,447 | $7.2M | Reduce -0.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 48,442 | $7.0M | Add +0.3% |
| FFIV F5 Inc. | 0.42% | 21,607 | $7.0M | Reduce -0.9% |
| HIG Hartford Insurance Group Inc. | 0.42% | 52,085 | $6.9M | Reduce -0.6% |
| IJUL Innovator International Deve | 0.41% | 210,985 | $6.9M | Add +6.1% |
| ALL Allstate Corp. | 0.41% | 32,114 | $6.9M | Add +0.8% |
| GILD Gilead Sciences Inc. | 0.41% | 61,583 | $6.8M | Reduce -0.2% |
| L Loews Corp. | 0.41% | 67,953 | $6.8M | Reduce 0.0% |
| DFCF Dimensional Core Fixed Inc. | 0.40% | 156,339 | $6.7M | Add +13.1% |
| FE Firstenergy Corp. | 0.40% | 144,285 | $6.6M | Add +0.6% |
| LYV Live Nation Entertainment Inc. | 0.39% | 39,522 | $6.5M | Add +0.1% |
| NWSA News Corp. Class A | 0.38% | 208,794 | $6.4M | Add +0.4% |
| PEP Pepsico Inc. | 0.38% | 44,773 | $6.3M | Add +0.9% |
| EXPD Expeditors Intl Wash Inc. | 0.37% | 50,862 | $6.2M | Add +0.4% |
| APA Apa Corp. | 0.37% | 255,475 | $6.2M | Add +1.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.37% | 189,868 | $6.2M | Add +0.6% |
| CB Chubb Ltd. | 0.37% | 21,863 | $6.2M | Add +0.9% |
| J Jacobs Solutions Inc. | 0.37% | 41,098 | $6.2M | Add +1.1% |
| ADSK Autodesk Inc. | 0.36% | 19,174 | $6.1M | Add +1.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 18,228 | $6.0M | Reduce -1.2% |
| IWY iShares Russell Top 200 Grow | 0.36% | 21,719 | $5.9M | Reduce -0.9% |
| SCHF Schwab Intl Equity ETF | 0.36% | 254,866 | $5.9M | Add +8.4% |
| TSLA Tesla Inc. | 0.34% | 12,865 | $5.7M | Reduce -2.9% |
| IPG Interpublic Group of Cos Inc. | 0.34% | 202,617 | $5.7M | Add +0.5% |
| BND Vanguard Total Bond Market | 0.34% | 75,780 | $5.6M | Reduce -2.5% |
| HD Home Depot Inc. | 0.33% | 13,663 | $5.5M | Reduce -0.5% |
| WDAY Workday Inc. Class A | 0.32% | 22,043 | $5.3M | Add +1.0% |
| LLY Eli Lilly & Co. | 0.31% | 6,763 | $5.2M | Add +0.8% |
| EOG EOG Resources Inc. | 0.30% | 44,918 | $5.0M | Add +1.0% |
| UNH Unitedhealth Group Inc. | 0.30% | 14,523 | $5.0M | New |
| CMCSA Comcast Corp. Class A | 0.30% | 158,569 | $5.0M | Add +0.6% |
| CTSH Cognizant Tech Solutions-A | 0.30% | 73,980 | $5.0M | Add +1.9% |
| FTNT Fortinet Inc. | 0.29% | 58,524 | $4.9M | Add +1.3% |
| AVY Avery Dennison Corp. | 0.29% | 29,944 | $4.9M | Add +0.5% |
| ELV Elevance Health Inc. | 0.29% | 14,757 | $4.8M | Add +1.6% |
| CDW CDW Corp. | 0.28% | 29,846 | $4.8M | Add +0.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.28% | 54,284 | $4.7M | Add +3.2% |
| BSCS Invesco Bulletshares 2028 CB | 0.28% | 229,510 | $4.7M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.28% | 20,025 | $4.6M | Add +41.1% |
| CION Cion Investment Corp. | 0.28% | 484,890 | $4.6M | Reduce -0.5% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.27% | 114,725 | $4.5M | Reduce -0.3% |
| IRT Independence Realty Trust Inc. | 0.25% | 259,010 | $4.2M | Reduce -7.7% |
| GEW Cambria Global Ew ETF | 0.25% | 84,265 | $4.2M | New |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.25% | 10,473 | $4.2M | Add +74.1% |
| EFG iShares MSCI Eafe Growth ETF | 0.25% | 36,397 | $4.1M | Add +13.7% |
| JPEM JPM Diversified Ret Em Equit filed as J P MORGAN EXCHANGE TRADED F | 0.24% | 69,188 | $4.1M | Add +6.7% |
| META Meta Platforms Inc. Class A | 0.24% | 5,521 | $4.1M | Add +7.5% |
| BSCR Invesco Bulletshares 2027 CB | 0.24% | 199,962 | $3.9M | Reduce -2.6% |
| EJUL Innovator Emerging Markets P | 0.24% | 136,135 | $3.9M | Add +3.7% |
| JPM JPMorgan Chase & Co. | 0.23% | 12,373 | $3.9M | Add +0.3% |
| QCOM Qualcomm Inc. | 0.23% | 22,617 | $3.8M | Add +567.0% |
| VEA Vanguard Ftse Developed ETF | 0.23% | 62,780 | $3.8M | Reduce -18.9% |
Options reported separately and not counted above: VOO puts ($1.5M), EFA calls ($280K), SLV calls ($233K), UNH calls ($138K), XLI calls ($108K), IAU calls ($44K).
Portfolio Sells Q2 2025 → Q3 2025
| CNC Centene Corp. | Sold out | 0.00% | −0.31 |
| IT Gartner Inc. | Sold out | 0.00% | −0.30 |
| COST Costco Wholesale Corp. | Reduce -0.2% | 0.79% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 1.24% | −0.11 |
| V Visa Inc. Class A | Reduce -1.9% | 0.58% | −0.09 |
| DLN Wisdomtree US Largecap Divid | Reduce -42.3% | 0.10% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.5% | 0.98% | −0.07 |
| FICO Fair Isaac Corp. | Reduce -0.1% | 0.21% | −0.07 |
| IRT Independence Realty Trust Inc. | Reduce -7.7% | 0.25% | −0.07 |
| FISV Fiserv Inc. | Reduce -0.9% | 0.14% | −0.07 |
| VEA Vanguard Ftse Developed ETF | Reduce -18.9% | 0.23% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -1.5% | 0.63% | −0.06 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -16.2% | 0.19% | −0.05 |
| T AT&T Inc. | Reduce -0.3% | 0.47% | −0.05 |
| MSFT Microsoft Corp. | Reduce -0.1% | 1.26% | −0.05 |
| UJUN Innovator U.S. Equity Ultra | Reduce -2.6% | 0.48% | −0.04 |
| CHD Church & Dwight Co. Inc. | Reduce -1.4% | 0.18% | −0.04 |
| ISRG Intuitive Surgical Inc. | Reduce -1.4% | 0.11% | −0.04 |
| INTU Intuit Inc. | Reduce -1.2% | 0.14% | −0.04 |
| UOCT Innovator U.S. Equity Ultra | Reduce -52.5% | 0.03% | −0.04 |
| UAUG Innovator U.S. Equity Ultra | Reduce -18.1% | 0.14% | −0.04 |
| GILD Gilead Sciences Inc. | Reduce -0.2% | 0.41% | −0.03 |
| NFLX Netflix Inc. | Reduce -4.6% | 0.13% | −0.03 |
| BND Vanguard Total Bond Market | Reduce -2.5% | 0.34% | −0.03 |
| UAPR Innovator U.S. Equity Ultra | Reduce -9.4% | 0.18% | −0.03 |
| CION Cion Investment Corp. | Reduce -0.5% | 0.28% | −0.03 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -2.6% | 0.24% | −0.03 |
| GIS General Mills Inc. | Reduce -24.4% | 0.05% | −0.03 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -19.7% | 0.07% | −0.03 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -3.4% | 0.21% | −0.03 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -0.3% | 0.28% | −0.02 |
| UDEC Innovator U.S. Equity Ultra | Reduce -7.3% | 0.20% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Reduce -1.3% | 0.16% | −0.02 |
| RSPH Invesco S&P 500 Equal Weight | Reduce -7.8% | 0.12% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.3% | 0.14% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.02 |
| IJAN Innovator International Deve | Reduce -20.1% | 0.06% | −0.02 |
| HON Honeywell International Inc. | Reduce -5.7% | 0.06% | −0.02 |
| IOCT Innovator Int Dev Power Buff | Reduce -12.0% | 0.09% | −0.02 |
| WMT Walmart Inc. | Reduce -0.1% | 0.55% | −0.02 |
| HIG Hartford Insurance Group Inc. | Reduce -0.6% | 0.42% | −0.02 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Sold out | 0.00% | −0.02 |
| JMUB JPMorgan Municipal ETF | Reduce -9.6% | 0.08% | −0.01 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -13.7% | 0.08% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -0.9% | 0.98% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -1.8% | 0.07% | −0.01 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.01 |
| BA The Boeing Co. | Reduce -0.9% | 0.22% | −0.01 |
| KRE SS SPDR S&P Regional Bank | Reduce -16.3% | 0.06% | −0.01 |
| CHE Chemed Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | New | 0.30% | +0.30 |
| GEW Cambria Global Ew ETF | New | 0.25% | +0.25 |
| QCOM Qualcomm Inc. | Add +567.0% | 0.23% | +0.19 |
| GMUB GS Municipal Income ETF | New | 0.19% | +0.19 |
| HSIC Henry Schein Inc. | New | 0.18% | +0.18 |
| RISR Foliobe Altr In&in H ETF-Usd | New | 0.13% | +0.13 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +74.1% | 0.25% | +0.11 |
| ABBV Abbvie Inc. | Add +41.1% | 0.28% | +0.11 |
| DBL Doubleline Opport Credit | New | 0.10% | +0.10 |
| UJUL Innovator U.S. Equity Ultra | Add +233.5% | 0.13% | +0.09 |
| APA Apa Corp. | Add +1.3% | 0.37% | +0.07 |
| SCHX Schwab US Large-Cap ETF | Add +2.4% | 3.73% | +0.07 |
| FBT First Trust Nyse Arca Biotec | Add +2.2% | 1.24% | +0.06 |
| POCT Innovator U.S. Equity Power | New | 0.06% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +4.1% | 1.03% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +1.9% | 0.22% | +0.05 |
| GSST Goldman Sachs Ultra Short Bo | Add +57.1% | 0.14% | +0.04 |
| JEPI JPMorgan Equity Premium Inco | Add +97.5% | 0.09% | +0.04 |
| FESM Fidelity Enhanced Small Cap | Add +3.2% | 0.46% | +0.04 |
| ABT Abbott Laboratories | Add +66.8% | 0.10% | +0.04 |
| ETN Eaton Corp. PLC | Add +137.4% | 0.06% | +0.03 |
| FEOE First Eagle Overseas Eq ETF | Add +2.9% | 0.90% | +0.03 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.03% | +0.03 |
| TJX TJX Companies Inc. | Add +0.3% | 0.42% | +0.03 |
| IAU iShares Gold Trust | Add +114.5% | 0.06% | +0.03 |
| AVEM Avantis Emerging Markets Eq | Add +2.3% | 0.90% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.5% | 0.79% | +0.03 |
| AVSC Avantis US Small Cap Equity | Add +0.8% | 0.93% | +0.03 |
| VUSB Vanguard Ultra Short Bond Et | New | 0.03% | +0.03 |
| USSH Wisdomtree 1-3 Y Lad TRY FD | Add +46.7% | 0.09% | +0.02 |
| DFAU Dimensional US Core Equity M | Add +30.5% | 0.10% | +0.02 |
| SUB iShares Short-Term National | Add +81.1% | 0.06% | +0.02 |
| AVGO Broadcom Inc. | Add +1.9% | 0.21% | +0.02 |
| IBM Intl Business Machines Corp. | Add +17.4% | 0.64% | +0.02 |
| APP AppLovin Corp. Class A | Add +9.1% | 0.04% | +0.02 |
| J Jacobs Solutions Inc. | Add +1.1% | 0.37% | +0.02 |
| XEL Xcel Energy Inc. | Add +3.9% | 0.18% | +0.02 |
| DFCF Dimensional Core Fixed Inc. | Add +13.1% | 0.40% | +0.02 |
| FE Firstenergy Corp. | Add +0.6% | 0.40% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +59.8% | 0.06% | +0.02 |
| BOND PIMCO Active Bond Exchange-T | Add +30.6% | 0.11% | +0.02 |
| FAST Fastenal Co. | Add +35.9% | 0.06% | +0.02 |
| ORCL Oracle Corp. | Add +0.9% | 0.12% | +0.02 |
| HODL Vaneck Bitcoin ETF | Add +3.6% | 1.25% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +100.6% | 0.04% | +0.02 |
| SMMD iShares Russell 2500 ETF | Add +2.6% | 0.63% | +0.02 |
| IPG Interpublic Group of Cos Inc. | Add +0.5% | 0.34% | +0.02 |
| SCHF Schwab Intl Equity ETF | Add +8.4% | 0.36% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +16.5% | 0.13% | +0.02 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.02% | +0.02 |
Options Activity Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | call | Sold out | 15,425 | $4.8Mbefore exit |
| EFA iShares MSCI Eafe ETF | call | New | 3,000 | $280K |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 400 | $247Kbefore exit |
| SLV iShares Silver Trust | call | New | 5,500 | $233K |
| UNH Unitedhealth Group Inc. | call | New | 400 | $138K |
| XLI SS Industrial Select Sector | call | New | 700 | $108K |
| SBUX Starbucks Corp. | call | Sold out | 900 | $82Kbefore exit |
| IAU iShares Gold Trust | call | New | 600 | $44K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | COM · principal | Sold out | 700 | $218Kbefore 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 |