Bfsg, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Bfsg, LLC reported 659 stock positions worth $755.9 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 4.4% of the portfolio, followed by Microsoft (MSFT, 3.9%) and VG Morningstar TS MKT ETF-US (VTI, 3.1%). Compared with Q4 2023, it opened 111 new positions, sold out of 52, added to 163 and reduced 157. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +60%) and the biggest sale Franco-Nevada (FNV, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- IRVINE, CA
- CIK
- 0001706836
- Portfolio Value
- $755.9M (Q1 2024)
- SEC Filing
- 0001706836-24-000003 ↗ filed Apr 23, 2024
Holdings Value
Holdings 659 stocks · $755.9M
| SPY SS SPDR S&P 500 ETF Trust-US | 4.44% | 64,180 | $33.6M | Add +59.9% |
| MSFT Microsoft Corp. | 3.88% | 69,748 | $29.3M | Add +0.5% |
| VTI VG Morningstar TS MKT ETF-US | 3.09% | 89,915 | $23.4M | Add +9.5% |
| AAPL Apple Inc. | 2.41% | 106,276 | $18.2M | Add +0.9% |
| NVDA Nvidia Corp. | 2.32% | 19,369 | $17.5M | Reduce -4.9% |
| VDE Vanguard Energy ETF | 1.76% | 101,280 | $13.3M | Add +2.3% |
| IAU iShares Gold Trust | 1.74% | 313,256 | $13.2M | Add +2.6% |
| CHD Church & Dwight Co. Inc. | 1.65% | 119,314 | $12.4M | Reduce -1.3% |
| CSX CSX Corp. | 1.60% | 326,341 | $12.1M | Reduce -1.7% |
| DFEM Dimensional Emrg MRKT Core | 1.59% | 471,784 | $12.0M | Reduce -1.3% |
| BSV Vanguard Short-Term Bond ETF | 1.50% | 147,620 | $11.3M | Reduce -0.6% |
| AVUV Avantis US Small Cap Value | 1.42% | 114,666 | $10.7M | Add +36.6% |
| RTX RTX Corp. | 1.29% | 99,901 | $9.7M | Add +111.3% |
| XOM Exxon Mobil Corp. | 1.20% | 78,196 | $9.1M | Add +1.2% |
| COST Costco Wholesale Corp. | 1.19% | 12,320 | $9.0M | Reduce -5.0% |
| SGOL Abrdn Physical Gold Shares | 1.18% | 420,871 | $8.9M | Reduce -1.8% |
| XLK SS Technology Select Sector | 1.17% | 42,533 | $8.9M | Add +10.6% |
| TTE Totalenergies SE -Spon ADR | 1.12% | 123,327 | $8.5M | Reduce -2.8% |
| KBR KBR Inc. | 1.12% | 132,696 | $8.4M | Reduce -0.9% |
| IVV iShares Core S&P 500 ETF | 1.11% | 15,895 | $8.4M | Reduce -1.4% |
| NSC Norfolk Southern Corp. | 1.08% | 32,049 | $8.2M | Reduce -0.5% |
| SCHP Schwab U.S. Tips ETF | 1.02% | 147,229 | $7.7M | Reduce -0.1% |
| CL Colgate-Palmolive Co. | 1.01% | 85,083 | $7.7M | Reduce -1.7% |
| AMZN Amazon.com Inc. | 0.99% | 41,515 | $7.5M | Add +0.4% |
| WY Weyerhaeuser Co. | 0.96% | 202,512 | $7.3M | Reduce -9.3% |
| GOOG Alphabet Inc. Class C | 0.93% | 45,984 | $7.0M | Add +8.5% |
| BND Vanguard Total Bond Market | 0.92% | 95,903 | $7.0M | Add +16.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.86% | 64,090 | $6.5M | Reduce -0.7% |
| MA Mastercard Inc. Class A | 0.86% | 13,497 | $6.5M | Add +19.5% |
| BDX Becton Dickinson and Co. | 0.86% | 26,190 | $6.5M | Add +3.0% |
| HD Home Depot Inc. | 0.83% | 16,308 | $6.3M | Reduce -2.9% |
| GD General Dynamics Corp. | 0.82% | 21,975 | $6.2M | Reduce -3.1% |
| APH Amphenol Corp. Class A | 0.81% | 53,315 | $6.1M | Reduce -0.9% |
| LIN Linde PLC | 0.80% | 13,097 | $6.1M | Add +0.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.80% | 15,144 | $6.0M | Add +4341.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.79% | 46,545 | $6.0M | Reduce -0.5% |
| ACN Accenture PLC Class A | 0.79% | 17,182 | $6.0M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 0.79% | 29,644 | $5.9M | Reduce -4.2% |
| NI Nisource Inc. | 0.78% | 213,870 | $5.9M | Reduce -0.3% |
| VIGI Vanguard Int Div App Indx FD | 0.75% | 69,700 | $5.7M | Add +1.7% |
| NEE Nextera Energy Inc. | 0.73% | 86,260 | $5.5M | Reduce -4.2% |
| T AT&T Inc. | 0.67% | 288,711 | $5.1M | Reduce -2.7% |
| PCH Potlatchdeltic Corp. | 0.66% | 106,744 | $5.0M | Reduce -1.3% |
| XLV SS Health Care Select Sector | 0.65% | 33,323 | $4.9M | Add +5.3% |
| FAST Fastenal Co. | 0.65% | 63,273 | $4.9M | Add +0.4% |
| VZ Verizon Communications Inc. | 0.64% | 114,594 | $4.8M | Add +5.9% |
| AXP American Express Co. | 0.64% | 21,092 | $4.8M | Reduce -0.1% |
| JPST JPMorgan Ultra-Short Income | 0.63% | 94,194 | $4.8M | Add +5.6% |
| ABBV Abbvie Inc. | 0.62% | 25,891 | $4.7M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.61% | 28,476 | $4.6M | Reduce -0.5% |
| VWO Vanguard Ftse Emerging Marke | 0.61% | 109,927 | $4.6M | Reduce -32.3% |
| ESLT Elbit Systems Ltd. | 0.61% | 21,760 | $4.6M | Reduce -3.4% |
| SYK Stryker Corp. | 0.60% | 12,679 | $4.5M | Reduce -0.5% |
| WMT Walmart Inc. | 0.59% | 74,339 | $4.5M | Add +1.3% |
| CSCO Cisco Systems Inc. | 0.59% | 89,381 | $4.5M | Reduce -0.5% |
| VOO Vanguard S&P 500 ETF | 0.59% | 9,261 | $4.5M | Add +7.0% |
| KDP Keurig Dr Pepper Inc. | 0.59% | 145,115 | $4.5M | Reduce -1.6% |
| CVX Chevron Corp. | 0.58% | 27,583 | $4.4M | Add +1.6% |
| PFE Pfizer Inc. | 0.57% | 155,868 | $4.3M | Reduce -2.7% |
| VMC Vulcan Materials Co. | 0.56% | 15,650 | $4.3M | Add +2.2% |
| IHDG Wisdomtree International Hed | 0.55% | 90,577 | $4.2M | Add +3.4% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.55% | 16,587 | $4.1M | Reduce -0.5% |
| ADBE Adobe Inc. | 0.55% | 8,209 | $4.1M | Add +52.3% |
| BNDX Vanguard Total Intl Bond ETF | 0.54% | 83,585 | $4.1M | Add +3.1% |
| JNJ Johnson & Johnson | 0.54% | 25,951 | $4.1M | Add +0.5% |
| AMGN Amgen Inc. | 0.53% | 14,158 | $4.0M | Add +1.1% |
| MRK Merck & Co. Inc. | 0.53% | 30,404 | $4.0M | Reduce -0.2% |
| PRU Prudential Financial Inc. | 0.52% | 33,731 | $4.0M | Add +3777.1% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.52% | 49,566 | $4.0M | Reduce -2.1% |
| WM Waste Management Inc. | 0.51% | 18,227 | $3.9M | Add +0.2% |
| FNV Franco-Nevada Corp. | 0.51% | 32,445 | $3.9M | Reduce -53.1% |
| MOG.A Moog Inc. Class A | 0.51% | 24,060 | $3.8M | Reduce -1.8% |
| VXUS Vanguard Total Intl Stock | 0.50% | 62,725 | $3.8M | Reduce -17.2% |
| SCHZ Schwab US Aggregate Bond ETF | 0.49% | 80,375 | $3.7M | Add +2.6% |
| UNH Unitedhealth Group Inc. | 0.49% | 7,439 | $3.7M | No change |
| MWA Mueller Water Products Inc. Class A | 0.47% | 221,650 | $3.6M | Reduce -0.1% |
| XLY SS Consumer Disc Select Sect | 0.47% | 19,366 | $3.6M | Add +7.7% |
| GLD SPDR Gold Shares | 0.46% | 16,920 | $3.5M | Add +911.4% |
| MCD McDonald's Corp. | 0.46% | 12,312 | $3.5M | Add +8.6% |
| RMD Resmed Inc. | 0.44% | 16,952 | $3.4M | New |
| ULTA Ulta Beauty Inc. | 0.43% | 6,284 | $3.3M | Add +0.4% |
| XLF SS Financial Select Sector | 0.43% | 76,487 | $3.2M | Add +11.7% |
| ADM Archer-Daniels-Midland Co. | 0.42% | 50,786 | $3.2M | Reduce -47.8% |
| XLI SS Industrial Select Sector | 0.42% | 24,977 | $3.1M | Add +6.0% |
| PANW Palo Alto Networks Inc. | 0.40% | 10,548 | $3.0M | New |
| SHOP Shopify Inc. Class A | 0.39% | 38,076 | $2.9M | Add +11438.2% |
| VXF Vanguard Extended Market ETF | 0.36% | 15,706 | $2.8M | Add +12.9% |
| O Realty Income Corp. | 0.36% | 50,846 | $2.8M | Add +8.6% |
| SUSL iShares ESG MSCI USA Leaders | 0.35% | 28,442 | $2.7M | Reduce -0.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.34% | 18,915 | $2.6M | Add +12.6% |
| XLP SS Consumer Staples Sel Sect | 0.32% | 31,586 | $2.4M | Add +1.8% |
| RYN Rayonier Inc. | 0.32% | 72,229 | $2.4M | Reduce -1.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.31% | 46,385 | $2.4M | Reduce -4.1% |
| IJS iShares S&P Small-Cap 600 Va | 0.31% | 22,506 | $2.3M | Reduce -21.6% |
| CYBR Cyberark Software Ltd./Israel | 0.30% | 8,495 | $2.3M | Reduce -0.0% |
| AGCO Agco Corp. | 0.30% | 18,178 | $2.2M | Reduce -4.7% |
| XLC SS Comm Select Sector SPDR | 0.30% | 27,315 | $2.2M | Add +7.4% |
| UPS United Parcel Service Class B | 0.29% | 14,602 | $2.2M | Reduce -2.4% |
| SLV iShares Silver Trust | 0.28% | 94,342 | $2.1M | Reduce -3.6% |
| LMT Lockheed Martin Corp. | 0.28% | 4,644 | $2.1M | Add +4.2% |
Options reported separately and not counted above: AJG puts ($1.3M), PARAA calls ($147K), SAND calls ($26K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $733 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 17 | $733 | No change |
Lines left out (1) · $1 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| WIW Western Asst Infl-LNK Opp | COM | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $755.9M.
Portfolio Sells Q4 2023 → Q1 2024
| FNV Franco-Nevada Corp. | Reduce -53.1% | 0.51% | −0.61 |
| ADM Archer-Daniels-Midland Co. | Reduce -47.8% | 0.42% | −0.60 |
| RY Royal Bank of Canada | Reduce -87.1% | 0.06% | −0.48 |
| NVST Envista Holdings Corp. | Sold out | 0.00% | −0.39 |
| VWO Vanguard Ftse Emerging Marke | Reduce -32.3% | 0.61% | −0.36 |
| APD Air Products & Chemicals Inc. | Reduce -95.0% | 0.01% | −0.30 |
| TMO Thermo Fisher Scientific Inc. | Reduce -93.4% | 0.02% | −0.29 |
| BCE Bce Inc. | Reduce -98.9% | 0.00% | −0.24 |
| MP MP Materials Corp. | Reduce -51.3% | 0.11% | −0.24 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.6% | 1.50% | −0.17 |
| WY Weyerhaeuser Co. | Reduce -9.3% | 0.96% | −0.17 |
| DFEM Dimensional Emrg MRKT Core | Reduce -1.3% | 1.59% | −0.15 |
| VXUS Vanguard Total Intl Stock | Reduce -17.2% | 0.50% | −0.14 |
| KDP Keurig Dr Pepper Inc. | Reduce -1.6% | 0.59% | −0.13 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -21.6% | 0.31% | −0.13 |
| TTE Totalenergies SE -Spon ADR | Reduce -2.8% | 1.12% | −0.12 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.12 |
| RVTY Revvity Inc. | Sold out | 0.00% | −0.12 |
| PCH Potlatchdeltic Corp. | Reduce -1.3% | 0.66% | −0.11 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.1% | 1.02% | −0.10 |
| PFE Pfizer Inc. | Reduce -2.7% | 0.57% | −0.10 |
| ESLT Elbit Systems Ltd. | Reduce -3.4% | 0.61% | −0.10 |
| PEP Pepsico Inc. | Reduce -20.8% | 0.27% | −0.09 |
| FUL H.B. Fuller Co. | Reduce -2.1% | 0.52% | −0.08 |
| ALL Allstate Corp. | Reduce -80.4% | 0.02% | −0.08 |
| CSX CSX Corp. | Reduce -1.7% | 1.60% | −0.08 |
| CSCO Cisco Systems Inc. | Reduce -0.5% | 0.59% | −0.07 |
| NEE Nextera Energy Inc. | Reduce -4.2% | 0.73% | −0.07 |
| NKE Nike Inc. Class B | Reduce -0.1% | 0.24% | −0.07 |
| SXT Sensient Technologies Corp. | Sold out | 0.00% | −0.06 |
| PAAS Pan American Silver Corp. | Reduce -3.6% | 0.26% | −0.06 |
| CENT Central Garden & Pet Co. | Reduce -4.5% | 0.17% | −0.06 |
| UPS United Parcel Service Class B | Reduce -2.4% | 0.29% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -5.0% | 1.19% | −0.05 |
| T AT&T Inc. | Reduce -2.7% | 0.67% | −0.05 |
| SGOL Abrdn Physical Gold Shares | Reduce -1.8% | 1.18% | −0.05 |
| NI Nisource Inc. | Reduce -0.3% | 0.78% | −0.05 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −0.05 |
| JMST JPM Ultra-Short Muni Income | Reduce -4.1% | 0.31% | −0.05 |
| PARAA Paramount Global Class B | Reduce -3.4% | 0.10% | −0.04 |
| AGCO Agco Corp. | Reduce -4.7% | 0.30% | −0.04 |
| HON Honeywell International Inc. | Reduce -27.7% | 0.07% | −0.04 |
| RYN Rayonier Inc. | Reduce -1.4% | 0.32% | −0.04 |
| DD Dupont DE Nemours Inc. | Reduce -3.7% | 0.26% | −0.04 |
| GD General Dynamics Corp. | Reduce -3.1% | 0.82% | −0.04 |
| NUV Nuveen Municipal Value | Reduce -17.0% | 0.12% | −0.04 |
| KMB Kimberly-Clark Corp. | Reduce -60.8% | 0.02% | −0.03 |
| NSC Norfolk Southern Corp. | Reduce -0.5% | 1.08% | −0.03 |
| EIX Edison International | Reduce -12.4% | 0.10% | −0.03 |
| SLV iShares Silver Trust | Reduce -3.6% | 0.28% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +59.9% | 4.44% | +1.66 |
| DIA SS SPDR Dow Jones Indus Avg | Add +4341.1% | 0.80% | +0.78 |
| RTX RTX Corp. | Add +111.3% | 1.29% | +0.71 |
| PRU Prudential Financial Inc. | Add +3777.1% | 0.52% | +0.51 |
| RMD Resmed Inc. | New | 0.44% | +0.44 |
| GLD SPDR Gold Shares | Add +911.4% | 0.46% | +0.41 |
| PANW Palo Alto Networks Inc. | New | 0.40% | +0.40 |
| SHOP Shopify Inc. Class A | Add +11438.2% | 0.39% | +0.39 |
| AVUV Avantis US Small Cap Value | Add +36.6% | 1.42% | +0.32 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.5% | 3.09% | +0.25 |
| TGT Target Corp. | Add +43675.0% | 0.16% | +0.16 |
| MA Mastercard Inc. Class A | Add +19.5% | 0.86% | +0.16 |
| CAVA Cava Group Inc. | New | 0.13% | +0.13 |
| XLK SS Technology Select Sector | Add +10.6% | 1.17% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.6% | 0.34% | +0.09 |
| ASML ASML Holding NV-NY Reg SHS | Add +117.0% | 0.14% | +0.08 |
| ADBE Adobe Inc. | Add +52.3% | 0.55% | +0.08 |
| MSFT Microsoft Corp. | Add +0.5% | 3.88% | +0.08 |
| XOM Exxon Mobil Corp. | Add +1.2% | 1.20% | +0.08 |
| AMZN Amazon.com Inc. | Add +0.4% | 0.99% | +0.08 |
| VDE Vanguard Energy ETF | Add +2.3% | 1.76% | +0.07 |
| LLY Eli Lilly & Co. | Add +11.7% | 0.27% | +0.07 |
| VMC Vulcan Materials Co. | Add +2.2% | 0.56% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +8.5% | 0.93% | +0.06 |
| SHV iShares 0-1 Year Treasury Bo | Add +52.1% | 0.19% | +0.05 |
| XLF SS Financial Select Sector | Add +11.7% | 0.43% | +0.05 |
| FAST Fastenal Co. | Add +0.4% | 0.65% | +0.05 |
| BND Vanguard Total Bond Market | Add +16.8% | 0.92% | +0.04 |
| VZ Verizon Communications Inc. | Add +5.9% | 0.64% | +0.04 |
| WM Waste Management Inc. | Add +0.2% | 0.51% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +7.0% | 0.59% | +0.04 |
| CENTA Central Garden and Pet Co. Class A | New | 0.04% | +0.04 |
| URI United Rentals Inc. | Add +2.3% | 0.25% | +0.04 |
| FWRD Forward Air Corp. | New | 0.03% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +50.9% | 0.10% | +0.03 |
| VXF Vanguard Extended Market ETF | Add +12.9% | 0.36% | +0.03 |
| CABO Cable One Inc. | Add +1126.0% | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +1.3% | 0.59% | +0.03 |
| AMP Ameriprise Financial Inc. | Add +25.4% | 0.11% | +0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +438.6% | 0.03% | +0.03 |
| XLC SS Comm Select Sector SPDR | Add +7.4% | 0.30% | +0.03 |
| XLI SS Industrial Select Sector | Add +6.0% | 0.42% | +0.02 |
| DFLV Dim US Large Cap Value ETF | Add +9.4% | 0.26% | +0.02 |
| LBRDA Liberty Broadband-A | New | 0.02% | +0.02 |
| LIN Linde PLC | Add +0.3% | 0.80% | +0.02 |
| XLV SS Health Care Select Sector | Add +5.3% | 0.65% | +0.02 |
| CAT Caterpillar Inc. | Add +145.8% | 0.03% | +0.02 |
| CEG Constellation Energy | Add +570.7% | 0.02% | +0.02 |
| ROCK Gibraltar Industries Inc. | New | 0.02% | +0.02 |
| VONV Vanguard Russell 1000 Value | New | 0.02% | +0.02 |
Options Activity Q4 2023 → Q1 2024
| SAND Sandstorm Gold Ltd. | call | New | 5,000 | $26K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| WIW Western Asst Infl-LNK Opp | COM | Reduce -100.0% | 0 | $1 |
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 | 763 | $1.1B | VTI, NVDA, IAU, IVV, NEM |
| Q1 2026 | 744 | $1.1B | VTI, IAU, NVDA, NEM, IVV |
| Q4 2025 | 713 | $1.0B | VTI, NVDA, IAU, IVV, MSFT |
| Q3 2025 | 698 | $1.0B | VTI, NVDA, MSFT, IAU, IVV |
| Q2 2025 | 669 | $893.9M | VTI, MSFT, NVDA, IAU, AAPL |
| Q1 2025 | 673 | $821.8M | VTI, MSFT, IAU, AAPL, NVDA |
| Q4 2024 | 671 | $855.3M | VTI, MSFT, NVDA, AAPL, SPY |
| Q3 2024 | 638 | $860.5M | SPY, MSFT, VTI, AAPL, NVDA |
| Q2 2024 | 616 | $789.2M | SPY, MSFT, VTI, NVDA, AAPL |
| Q1 2024 | 659 | $755.9M | SPY, MSFT, VTI, AAPL, NVDA |