Bfsg, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 18, 2025), Bfsg, LLC reported 673 stock positions worth $821.8 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 3.7% of the portfolio, followed by Microsoft (MSFT, 2.8%) and iShares Gold Trust (IAU, 2.6%). Compared with Q4 2024, it opened 48 new positions, sold out of 47, added to 161 and reduced 220. The biggest buy was Newmont (NEM, shares +40%) and the biggest sale an exit from Skechers USA Class A (SKX).
- Most Recent 13F
- Q2 2026
- Location
- IRVINE, CA
- CIK
- 0001706836
- Portfolio Value
- $821.8M (Q1 2025)
- SEC Filing
- 0001706836-25-000004 ↗ filed Apr 18, 2025
Holdings Value
Holdings 673 stocks · $821.8M
| VTI VG Morningstar TS MKT ETF-US | 3.73% | 111,614 | $30.7M | Add +7.7% |
| MSFT Microsoft Corp. | 2.76% | 60,415 | $22.7M | Reduce -9.3% |
| IAU iShares Gold Trust | 2.65% | 369,007 | $21.8M | Reduce -0.4% |
| AAPL Apple Inc. | 2.28% | 84,464 | $18.8M | Reduce -9.4% |
| NVDA Nvidia Corp. | 2.26% | 171,341 | $18.6M | Reduce -6.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.92% | 28,266 | $15.8M | Reduce -23.3% |
| BND Vanguard Total Bond Market | 1.86% | 208,143 | $15.3M | Add +6.8% |
| AVUV Avantis US Small Cap Value | 1.79% | 168,923 | $14.7M | Add +10.2% |
| RTX RTX Corp. | 1.53% | 94,686 | $12.5M | Reduce -2.1% |
| GLD SPDR Gold Shares | 1.47% | 41,988 | $12.1M | Reduce -0.5% |
| NEM Newmont Corp. | 1.47% | 249,580 | $12.0M | Add +39.8% |
| SGOL Abrdn Physical Gold Shares | 1.45% | 399,373 | $11.9M | Reduce -2.1% |
| CHD Church & Dwight Co. Inc. | 1.42% | 105,840 | $11.7M | Reduce -1.0% |
| DFEM Dimensional Emrg MRKT Core | 1.40% | 434,275 | $11.5M | Reduce -2.3% |
| VDE Vanguard Energy ETF | 1.31% | 82,735 | $10.7M | Reduce -4.9% |
| BNDX Vanguard Total Intl Bond ETF | 1.20% | 202,015 | $9.9M | Add +6.4% |
| COST Costco Wholesale Corp. | 1.19% | 10,331 | $9.8M | Reduce -3.3% |
| JPST JPMorgan Ultra-Short Income | 1.17% | 190,021 | $9.6M | Add +5.0% |
| AMZN Amazon.com Inc. | 1.08% | 46,672 | $8.9M | Add +3.1% |
| SCHP Schwab U.S. Tips ETF | 1.03% | 315,267 | $8.5M | Reduce -0.7% |
| CSX CSX Corp. | 1.03% | 286,743 | $8.4M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 0.99% | 52,342 | $8.2M | Add +1.1% |
| NI Nisource Inc. | 0.99% | 202,479 | $8.1M | Reduce -1.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.98% | 115,507 | $8.0M | Add +12.2% |
| XOM Exxon Mobil Corp. | 0.96% | 66,549 | $7.9M | Reduce -2.6% |
| CL Colgate-Palmolive Co. | 0.96% | 83,946 | $7.9M | Add +2.3% |
| T AT&T Inc. | 0.95% | 276,341 | $7.8M | Reduce -0.5% |
| TTE Totalenergies SE -Spon ADR | 0.93% | 118,293 | $7.7M | Reduce -1.0% |
| SONY Sony Group Corp. - SP ADR | 0.89% | 287,843 | $7.3M | Reduce -0.6% |
| NSC Norfolk Southern Corp. | 0.87% | 30,327 | $7.2M | Reduce -0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.82% | 55,096 | $6.7M | Reduce -3.0% |
| SO The Southern Co. | 0.81% | 72,144 | $6.6M | Reduce -0.7% |
| MRVL Marvell Technology Inc. | 0.80% | 106,997 | $6.6M | Reduce -0.6% |
| VXUS Vanguard Total Intl Stock | 0.78% | 103,769 | $6.4M | Add +17.5% |
| APH Amphenol Corp. Class A | 0.78% | 97,986 | $6.4M | Add +0.7% |
| JPM JPMorgan Chase & Co. | 0.77% | 25,646 | $6.3M | Reduce -5.8% |
| KBR KBR Inc. | 0.76% | 125,676 | $6.3M | Reduce -0.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.76% | 18,067 | $6.2M | Add +12.5% |
| MA Mastercard Inc. Class A | 0.73% | 10,967 | $6.0M | Reduce -1.6% |
| EPD Enterprise Products Partners | 0.73% | 174,981 | $6.0M | Reduce -1.1% |
| NEE Nextera Energy Inc. | 0.71% | 82,601 | $5.9M | Add +0.5% |
| LIN Linde PLC | 0.70% | 12,417 | $5.8M | Reduce -2.4% |
| GD General Dynamics Corp. | 0.70% | 21,155 | $5.8M | Reduce -0.8% |
| ACN Accenture PLC Class A | 0.70% | 18,378 | $5.7M | Reduce -0.8% |
| BDX Becton Dickinson and Co. | 0.70% | 24,964 | $5.7M | Add +1.1% |
| TR Tootsie Roll Inds | 0.67% | 176,105 | $5.5M | Add +2.7% |
| HD Home Depot Inc. | 0.66% | 14,832 | $5.4M | Reduce -0.9% |
| WY Weyerhaeuser Co. | 0.65% | 183,096 | $5.4M | Reduce -1.2% |
| IVV iShares Core S&P 500 ETF | 0.65% | 9,517 | $5.3M | Reduce -6.8% |
| VZ Verizon Communications Inc. | 0.63% | 114,811 | $5.2M | Reduce -1.1% |
| WMT Walmart Inc. | 0.63% | 58,850 | $5.2M | Reduce -4.6% |
| MWA Mueller Water Products Inc. Class A | 0.63% | 203,006 | $5.2M | Reduce -1.9% |
| AXP American Express Co. | 0.62% | 18,965 | $5.1M | Reduce -0.3% |
| VOO Vanguard S&P 500 ETF | 0.60% | 9,629 | $4.9M | Reduce -2.0% |
| FBCG Fidelity Blue Chip Grow ETF | 0.60% | 123,654 | $4.9M | Add +5.5% |
| IHDG Wisdomtree International Hed | 0.59% | 112,532 | $4.9M | Add +1.6% |
| XLK SS Technology Select Sector | 0.58% | 23,098 | $4.8M | Reduce -34.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.58% | 48,215 | $4.8M | Add +1.1% |
| ABBV Abbvie Inc. | 0.58% | 22,652 | $4.7M | Reduce -5.9% |
| KDP Keurig Dr Pepper Inc. | 0.57% | 136,937 | $4.7M | Reduce -0.5% |
| PFE Pfizer Inc. | 0.57% | 184,709 | $4.7M | Add +1.4% |
| PCH Potlatchdeltic Corp. | 0.54% | 97,923 | $4.4M | Reduce -2.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.54% | 26,561 | $4.4M | Add +0.6% |
| SCHZ Schwab US Aggregate Bond ETF | 0.53% | 189,006 | $4.4M | Add +1.7% |
| PG The Procter & Gamble Co. | 0.52% | 25,281 | $4.3M | Reduce -3.3% |
| BSV Vanguard Short-Term Bond ETF | 0.51% | 54,048 | $4.2M | Reduce -2.6% |
| MCD McDonald's Corp. | 0.51% | 13,461 | $4.2M | Reduce -1.7% |
| PLTR Palantir Technologies Inc. Class A | 0.51% | 49,800 | $4.2M | Reduce -50.7% |
| SYK Stryker Corp. | 0.51% | 11,245 | $4.2M | Reduce -2.6% |
| JNJ Johnson & Johnson | 0.50% | 25,019 | $4.1M | Reduce -1.9% |
| AMGN Amgen Inc. | 0.50% | 13,214 | $4.1M | Reduce -3.2% |
| XLV SS Health Care Select Sector | 0.49% | 27,664 | $4.0M | Add +0.1% |
| RMD Resmed Inc. | 0.48% | 17,553 | $3.9M | Reduce -0.1% |
| CPRX Catalyst Pharmaceuticals Inc. | 0.48% | 161,863 | $3.9M | Add +7.8% |
| PRU Prudential Financial Inc. | 0.48% | 35,145 | $3.9M | Add +0.2% |
| SCHD Schwab US DVD Equity ETF | 0.48% | 139,808 | $3.9M | Add +11.7% |
| MOG.A Moog Inc. Class A | 0.46% | 21,938 | $3.8M | Reduce -0.6% |
| ROCK Gibraltar Industries Inc. | 0.46% | 64,307 | $3.8M | Reduce -0.2% |
| WM Waste Management Inc. | 0.45% | 15,863 | $3.7M | Reduce -5.4% |
| ESLT Elbit Systems Ltd. | 0.44% | 9,515 | $3.7M | Reduce -51.1% |
| SHV iShares 0-1 Year Treasury Bo | 0.44% | 32,930 | $3.6M | Add +24.1% |
| IQLT iShares MSCI International Q | 0.43% | 89,451 | $3.6M | Add +3.1% |
| VMC Vulcan Materials Co. | 0.42% | 14,875 | $3.5M | Reduce -2.0% |
| CVX Chevron Corp. | 0.42% | 20,568 | $3.4M | Reduce -5.5% |
| PNW Pinnacle West Capital | 0.42% | 35,957 | $3.4M | Reduce -0.7% |
| FAST Fastenal Co. | 0.41% | 43,849 | $3.4M | Reduce -6.9% |
| DFLV Dim US Large Cap Value ETF | 0.41% | 109,625 | $3.4M | Add +15.3% |
| O Realty Income Corp. | 0.40% | 56,419 | $3.3M | Add +9.6% |
| VXF Vanguard Extended Market ETF | 0.40% | 18,960 | $3.3M | Add +6.9% |
| XLF SS Financial Select Sector | 0.40% | 65,326 | $3.3M | Reduce -2.1% |
| PANW Palo Alto Networks Inc. | 0.39% | 18,736 | $3.2M | Reduce -50.8% |
| CMG Chipotle Mexican Grill Inc. | 0.38% | 62,426 | $3.1M | Add +7.0% |
| PAAS Pan American Silver Corp. | 0.38% | 120,702 | $3.1M | Reduce -1.7% |
| MRK Merck & Co. Inc. | 0.37% | 34,185 | $3.1M | Add +3.9% |
| IJT iShares S&P Small-Cap 600 GR | 0.35% | 23,102 | $2.9M | Add +1.1% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.33% | 30,068 | $2.8M | Add +2.3% |
| SUSL iShares ESG MSCI USA Leaders | 0.33% | 28,406 | $2.7M | Add +0.0% |
| SLV iShares Silver Trust | 0.33% | 87,178 | $2.7M | Reduce -1.2% |
| SCHG Schwab US Large-Cap Growth | 0.31% | 103,348 | $2.6M | Add +4.6% |
| ROP Roper Technologies Inc. | 0.31% | 4,383 | $2.6M | Reduce -2.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $471 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 17 | $471 | No change |
Total filed on the 13F, all lines: $821.8M.
Portfolio Sells Q4 2024 → Q1 2025
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.80 |
| NVDA Nvidia Corp. | Reduce -6.9% | 2.26% | −0.63 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -23.3% | 1.92% | −0.60 |
| MRVL Marvell Technology Inc. | Reduce -0.6% | 0.80% | −0.59 |
| MSFT Microsoft Corp. | Reduce -9.3% | 2.76% | −0.52 |
| SHOP Shopify Inc. Class A | Reduce -99.4% | 0.00% | −0.47 |
| AAPL Apple Inc. | Reduce -9.4% | 2.28% | −0.45 |
| PANW Palo Alto Networks Inc. | Reduce -50.8% | 0.39% | −0.42 |
| PLTR Palantir Technologies Inc. Class A | Reduce -50.7% | 0.51% | −0.38 |
| XLK SS Technology Select Sector | Reduce -34.7% | 0.58% | −0.38 |
| CMCSA Comcast Corp. Class A | Reduce -88.3% | 0.04% | −0.32 |
| ADBE Adobe Inc. | Reduce -99.0% | 0.00% | −0.31 |
| UNH Unitedhealth Group Inc. | Reduce -72.3% | 0.13% | −0.30 |
| TSLA Tesla Inc. | Reduce -5.8% | 0.31% | −0.18 |
| CYBR Cyberark Software Ltd./Israel | Reduce -51.0% | 0.16% | −0.15 |
| ESLT Elbit Systems Ltd. | Reduce -51.1% | 0.44% | −0.14 |
| CAVA Cava Group Inc. | Reduce -98.2% | 0.00% | −0.11 |
| KBR KBR Inc. | Reduce -0.0% | 0.76% | −0.09 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.08 |
| ACN Accenture PLC Class A | Reduce -0.8% | 0.70% | −0.06 |
| XLY SS Consumer Disc Select Sect | Reduce -12.6% | 0.24% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -6.8% | 0.65% | −0.05 |
| GLDD Great Lakes Dredge & Dock Co. | Reduce -1.2% | 0.19% | −0.05 |
| MOG.A Moog Inc. Class A | Reduce -0.6% | 0.46% | −0.05 |
| ANET Arista Networks Inc. | Reduce -4.4% | 0.09% | −0.04 |
| AXP American Express Co. | Reduce -0.3% | 0.62% | −0.04 |
| EIX Edison International | Reduce -21.1% | 0.06% | −0.04 |
| VMC Vulcan Materials Co. | Reduce -2.0% | 0.42% | −0.03 |
| VWO Vanguard Ftse Emerging Marke | Reduce -15.8% | 0.26% | −0.03 |
| CRM Salesforce Inc. | Reduce -2.7% | 0.12% | −0.03 |
| XLC SS Comm Select Sector SPDR | Reduce -19.0% | 0.14% | −0.03 |
| WMT Walmart Inc. | Reduce -4.6% | 0.63% | −0.02 |
| ARES Ares Management Corp. Class A | Reduce -4.4% | 0.11% | −0.02 |
| HD Home Depot Inc. | Reduce -0.9% | 0.66% | −0.02 |
| PDCO Patterson Cos Inc. | Reduce -44.2% | 0.03% | −0.02 |
| JEF Jefferies Financial Group Inc. | Reduce -6.4% | 0.04% | −0.02 |
| CNA Cna Financial Corp. | Sold out | 0.00% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -2.0% | 0.60% | −0.02 |
| BHF Brighthouse Financial Inc. | Sold out | 0.00% | −0.02 |
| GILD Gilead Sciences Inc. | Reduce -64.3% | 0.01% | −0.02 |
| TDS Telephone and Data Systems | Reduce -49.6% | 0.02% | −0.02 |
| XLE SS Energy Select Sector | Reduce -22.2% | 0.11% | −0.01 |
| NTR Nutrien Ltd. | Reduce -20.4% | 0.14% | −0.01 |
| RY Royal Bank of Canada | Reduce -24.4% | 0.03% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -26.9% | 0.04% | −0.01 |
| SNREY Sunrise Communicat Class A | Reduce -97.2% | 0.00% | −0.01 |
| FWRD Forward Air Corp. | Reduce -2.2% | 0.02% | −0.01 |
| CCEP Coca-Cola Europacific Partne | Reduce -51.7% | 0.01% | −0.01 |
| RUSHB Rush Enterprises Inc. Class B | Reduce -47.5% | 0.01% | −0.01 |
| STT State Street Corp. | Reduce -12.5% | 0.03% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| NEM Newmont Corp. | Add +39.8% | 1.47% | +0.69 |
| LEGH Legacy Housing Corp. | New | 0.27% | +0.27 |
| AJG Arthur J Gallagher & Co. | Add +12.5% | 0.76% | +0.23 |
| BND Vanguard Total Bond Market | Add +6.8% | 1.86% | +0.22 |
| VTI VG Morningstar TS MKT ETF-US | Add +7.7% | 3.73% | +0.22 |
| RSPT Invesco S&P 500 Equal Weight | New | 0.20% | +0.20 |
| NICE Nice Ltd. - Spon ADR | New | 0.19% | +0.19 |
| VXUS Vanguard Total Intl Stock | Add +17.5% | 0.78% | +0.18 |
| UBER Uber Technologies Inc. | Add +3717.6% | 0.17% | +0.17 |
| WSBC Wesbanco Inc. | New | 0.15% | +0.15 |
| BNDX Vanguard Total Intl Bond ETF | Add +6.4% | 1.20% | +0.11 |
| CPRX Catalyst Pharmaceuticals Inc. | Add +7.8% | 0.48% | +0.11 |
| JPST JPMorgan Ultra-Short Income | Add +5.0% | 1.17% | +0.10 |
| SHV iShares 0-1 Year Treasury Bo | Add +24.1% | 0.44% | +0.10 |
| TLN Talen Energy Corp. | New | 0.09% | +0.09 |
| CL Colgate-Palmolive Co. | Add +2.3% | 0.96% | +0.08 |
| O Realty Income Corp. | Add +9.6% | 0.40% | +0.08 |
| SCHD Schwab US DVD Equity ETF | Add +11.7% | 0.48% | +0.08 |
| DFLV Dim US Large Cap Value ETF | Add +15.3% | 0.41% | +0.07 |
| AVUV Avantis US Small Cap Value | Add +10.2% | 1.79% | +0.06 |
| IQLT iShares MSCI International Q | Add +3.1% | 0.43% | +0.06 |
| XLV SS Health Care Select Sector | Add +0.1% | 0.49% | +0.05 |
| VTC Vanguard Total Corporate BND | Add +12.3% | 0.29% | +0.05 |
| PPC Pilgrim's Pride Corp. | Add +23.3% | 0.12% | +0.04 |
| BDX Becton Dickinson and Co. | Add +1.1% | 0.70% | +0.04 |
| SCHZ Schwab US Aggregate Bond ETF | Add +1.7% | 0.53% | +0.04 |
| RYN Rayonier Inc. | Add +6.5% | 0.24% | +0.04 |
| LLY Eli Lilly & Co. | Add +1.4% | 0.30% | +0.03 |
| IHDG Wisdomtree International Hed | Add +1.6% | 0.59% | +0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +25.9% | 0.13% | +0.03 |
| ALMU Aeluma Inc. | New | 0.03% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +15.8% | 0.23% | +0.03 |
| ATO Atmos Energy Corp. | Add +1.1% | 0.21% | +0.03 |
| AVSU Avantis Resp US Equity ETF | Add +47.4% | 0.09% | +0.03 |
| DUK Duke Energy Corp. | Add +0.3% | 0.17% | +0.03 |
| TR Tootsie Roll Inds | Add +2.7% | 0.67% | +0.03 |
| VSGX Vanguard ESG Intl Stock ETF | Add +1.2% | 0.28% | +0.02 |
| NEE Nextera Energy Inc. | Add +0.5% | 0.71% | +0.02 |
| BP BP PLC-Spons ADR | Add +29.5% | 0.06% | +0.02 |
| WPC WP Carey Inc. | New | 0.02% | +0.02 |
| CNI Canadian Natl Railway Co. | Add +14.0% | 0.17% | +0.02 |
| COLD Americold Realty Trust Inc. | New | 0.02% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +109.5% | 0.03% | +0.02 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +1.5% | 0.20% | +0.02 |
| OSUR Orasure Technologies Inc. | New | 0.02% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +0.4% | 0.31% | +0.02 |
| LKQ LKQ Corp. | Add +3.5% | 0.07% | +0.01 |
| CNNE Cannae Holdings Inc. | Add +88.9% | 0.03% | +0.01 |
| TY Tri-Continental Corp. | New | 0.01% | +0.01 |
| ADM Archer-Daniels-Midland Co. | Add +5.5% | 0.29% | +0.01 |
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 |