BFSG, LLC

Registered adviser

CIK

1706836

Location

IRVINE, CA

Portfolio Value

Mid $1,128,251,237

Diversification

Diversified

Filing Date

Global Rank

#2,322 / 8,818 ▼ 101

Top Industry

Semiconductors 10.5%

Period ended 4 months ago

Filed Jul 20, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 143617

Roster of Oct 1, 2026

Regulatory AUM

$1,535,338,692

Main clients

Individuals and high net worth (91% of AUM)

Private funds on Schedule D 7.B.(1)

As filed Dec 18, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,535,338,692	Individuals and high net worth (91%)
Apr 2025 to Mar 2026	$1,290,227,768	Individuals and high net worth (92%)
Apr 2024 to Mar 2025	$1,149,087,191	Individuals and high net worth (93%)
May 2023 to Mar 2024	$976,966,481	Individuals and high net worth (94%)
Apr 2023	$976,966,481	Individuals and high net worth (94%)
Apr 2022 to Mar 2023	$1,104,636,077	Individuals and high net worth (93%)

3 earlier changes not shown.

Stated strategy

Quantitative / systematic, Fundamental active, Value, Income, Fixed income / rates, Multi-asset, Long/short hedge, Private markets, Wealth management / planning Form ADV Part 2A, Jun 11, 2026 · original

In the firm's words

Quantitative / systematic: Quantitative analysis uses mathematical models in an attempt to obtain more accurate measurements of a company’s quantifiable data, such as the value of share price or earnings per share and predict changes to that data.
Fundamental active: Fundamental analysis involves analyzing individual companies and their industry groups, such as a company’s financial statements, details regarding the company’s product line, the experience, and expertise of the company’s management, and the outlook for the company’s industry.
Value: The resulting data is used to measure the true value of the company’s stock (“intrinsic value”) compared to the current market value.
Income: Covered call writing is the sale of in-, at-, or out-of-the-money call options against a long security position held in a client portfolio. This type of transaction is intended to generate income.
Fixed income / rates: We invest client assets primarily in open-end mutual funds, exchange-traded funds (“ETFs”), collective investment trusts (“CITs”), equity securities of individual companies of all market capitalizations, and individual bonds.
Multi-asset: Asset Allocation is the attempt to identify an appropriate ratio of equities, fixed income, and cash suitable to your investment goals and risk tolerance.
Long/short hedge: Generally, the purchase or sale of an option contract shall be with the intent of “hedging” a potential market risk in a client’s portfolio and/or generating income for a client’s portfolio.
Private markets: As discussed in Item 4, we recommend that certain clients invest a portion of their assets with unaffiliated private investment funds.
Wealth management / planning: BFS Institutional consultants work with clients to develop a customized Investment Policy Statement (“IPS”) to provide structural guidance on the selection and deselection of investment offerings and also provides recommendations as an ERISA 3(21) Fiduciary or ERISA 3(38) Fiduciary.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 29.5%, 63.8 effective positions, active share 63.9% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

18.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.6 quarters (12+), a floor since 34.9% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 63.9%; sector active share 33.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

763 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.7%

+0.1 pts

Top 5

18.8%

−0.3 pts

Top 10

29.5%

−0.5 pts

HHI

157

Diversified+1

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	38.7%	$436,619,156	213
Technology	15.1%	$169,918,736	74
Industrials	10.3%	$116,043,197	78
Basic Materials	5.5%	$61,989,374	22
Consumer Defensive	5.3%	$59,257,324	40
Healthcare	5.1%	$57,937,144	73
Financial Services	5.0%	$56,347,189	87
Utilities	4.0%	$44,993,024	29
Consumer Cyclical	3.3%	$37,581,172	58
Energy	3.2%	$36,291,893	34
Communication Services	2.7%	$30,432,362	29
Real Estate	1.8%	$20,840,666	26

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NATR	Natures Sunshine Products Inc	+99,212	198,861	$4,335,169
EXC	Exelon Corp	+58,988	59,529	$2,775,241
PSEC	Prospect Capital Corp	+44,537	117,381	$271,150
JPLD	JPMorgan Limited Duration Bond ETF	+25,085	28,856	$1,505,994
SCHP	Schwab U.S. TIPS ETF	+22,632	343,128	$9,092,892
PYLD		+21,672	70,232	$1,862,552
WTRG	Essential Utilities, Inc.	+18,946	22,752	$871,629
BAC	Bank Of America Corp	+18,648	20,655	$1,176,921
JPST	JPMorgan Ultra-Short Income ETF	+17,334	256,007	$12,946,273
LVHI	Franklin International Low Volatility High Dividend Index ETF	+14,431	216,742	$8,796,474
IAU	Ishares Gold Trust	+11,108	397,969	$30,050,639
GEHC	GE HealthCare Technologies Inc.	+11,083	11,386	$728,817
BNDX	Vanguard Total International Bond ETF	+8,569	247,281	$11,975,818
NFLX	Netflix Inc	+8,207	59,231	$4,229,093
DFLV	Dimensional US Large Cap Value ETF	+8,038	210,183	$8,310,635
CNM	Core & Main, Inc.	+7,562	9,625	$464,406
CXM	Sprinklr, Inc.	+6,777	43,277	$223,309
ROCK	Gibraltar Industries, Inc.	+6,494	36,266	$1,635,596
SLV	iShares Silver Trust	+6,448	95,561	$5,109,646
EMA	Emera Inc	+6,262	27,894	$1,478,939
GPK	Graphic Packaging Holding Co	+6,124	14,300	$151,151
VO	VANGUARD MID-CAP INDEX FUND	+6,005	7,398	$596,056
QDEL	QuidelOrtho Corp	+5,920	16,555	$290,043
XRAY	DENTSPLY SIRONA Inc.	+5,848	19,610	$208,062
VXUS	Vanguard Total International Stock ETF	+5,693	167,054	$14,281,446
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	−274,901	474	$9,811
VZ	Verizon Communications Inc	−38,408	107,562	$4,554,175
NVO	Novo Nordisk A S	−36,936	12,243	$586,929
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	−27,854	380,727	$15,472,745
PLTR	Palantir Technologies Inc.	−22,391	12,051	$1,405,990
OSUR	Orasure Technologies Inc	−16,730	27,620	$123,185
DBRHP	DigitalBridge Group, Inc.	−12,745	3,616	$53,914
HON	Honeywell International Inc	−7,659	7,492	$1,677,458
VSTS	Vestis Corp	−7,548	8,006	$116,247
ABEV	Ambev S.A.	−7,200	89,550	$281,187
ROP	Roper Technologies Inc	−4,867	3	$1,015
CSX	Csx Corp	−4,840	260,640	$12,388,219
OGN	Organon & Co.	−3,910	29,058	$393,445
SPNT	SiriusPoint Ltd	−3,558	21,666	$519,984
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	−3,027	23,420	$4,461,978
AMBP	Ardagh Metal Packaging S.A.	−2,800	35,425	$167,914
FBND	Fidelity Total Bond ETF	−2,775	23,726	$1,079,295
AAPL	Apple Inc.	−2,703	80,639	$23,333,701
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−2,440	32,927	$1,965,412
ELAN	Elanco Animal Health Inc	−2,184	8,842	$217,601
FSP	Franklin Street Properties Corp	−2,080	64,400	$33,488
AQN	Algonquin Power & Utilities Corp.	−2,000	45,310	$265,516
NVDA	Nvidia Corp	−1,972	172,109	$34,437,289
TEVA	Teva Pharmaceutical Industries Ltd	−1,971	4,567	$154,729
DAR	Darling Ingredients Inc.	−1,878	5,872	$320,728
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SOLV	Solventum Corp	87,227	$6,729,563
VEEV	Veeva Systems Inc	18,306	$3,248,765
NUV	Nuveen Municipal Value Fund Inc	329,726	$3,040,073
HONA	Honeywell Aerospace Inc.	7,488	$1,655,447
MTZ	Mastec Inc	2,793	$1,162,055
DLTR	Dollar Tree, Inc.	3,818	$461,787
SSRM	Ssr Mining Inc.	14,175	$400,869
GNL	Global Net Lease, Inc.	22,623	$202,249
SPCX	Space Exploration Technologies Corp	271	$46,303
FNDA	Schwab Strategic Trust	1,174	$44,682
FNDC	Schwab Fundamental International Small Equity ETF	834	$40,499
DTI	Drilling Tools International Corp	14,655	$28,284
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	548	$27,526
BBUS	JPMORGAN BETABUILDERS U.S. EQUITY ETF	191	$25,731
FNDE	Schwab Fundamental Emerging Markets Equity ETF	617	$24,482
INVH	Invitation Homes Inc.	790	$23,865
SPBO	State Street(R) SPDR Portfolio Corporate Bond ETF	675	$19,602
HAL	Halliburton Co	576	$19,555
MAGN	Magnera Corp	1,480	$17,390
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	291	$14,663
IVOO	VANGUARD S&P MID-CAP 400 INDEX FUND	90	$11,736
IYW	iShares, Inc.	45	$11,350
NOK	Nokia Corp	831	$11,035
IEMG	iShares Trust	109	$9,029
GLTR	abrdn Precious Metals Basket ETF Trust	42	$7,608
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	60,547	$10,272,404
SPOT	Spotify Technology S.A.	2,175	$1,054,679
PPC	Pilgrims Pride Corp	19,530	$737,452
SNDA	Sonida Senior Living, Inc.	2,844	$91,719
ALIT	Alight, Inc. / Delaware	138,702	$80,863
CCI	Crown Castle Inc.	642	$52,201
MGM	MGM Resorts International	539	$19,948
ARES	Ares Management Corp	177	$19,310
SOLS	Solstice Advanced Materials Inc.	225	$17,136
GSK	GSK plc	200	$11,038
HZO	Marinemax Inc	342	$9,254
—		365	$7,625
SONY	Sony Group Corp	333	$6,893
LUV	Southwest Airlines Co	143	$5,372
—		275	$4,675
ADBE	Adobe Inc.	19	$4,618
UAL	United Airlines Holdings, Inc.	50	$4,603
PCAR	Paccar Inc	34	$3,927
CME	Cme Group Inc.	13	$3,839
DVY	iShares Select Dividend ETF	25	$3,785
CMG	Chipotle Mexican Grill Inc	88	$2,816
LYFT	Lyft, Inc.	200	$2,660
BFH	Bread Financial Holdings, Inc.	35	$2,621
IVZ	Invesco Ltd.	100	$2,429
B	Barrick Mining Corp	40	$1,631
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

763 tracked positions · $1,128,251,237 total · filing declares 769 positions · $1,128,329,912 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 763 positions by value · page 1 of 16

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	129,234	+2,949	$47,821,749	+18.0%	26+	before history	4.24%
NVDA	Nvidia Corp PUT + SHARES Technology	Reduced	175,109	-1,972	$35,037,559	+13.5%	26+	before history	3.11%
IAU	Ishares Gold Trust	Added	397,969	+11,108	$30,050,639	−11.9%	20	$39.01	2.66%
IVV	iShares Core S&P 500 ETF	Reduced	36,072	-517	$27,013,960	+13.0%	26+	before history	2.39%
NEM	NEWMONT Corp Basic Materials	Reduced	268,080	-1,385	$25,038,672	−14.2%	8	$47.80	2.22%
AAPL	Apple Inc. Technology	Reduced	80,639	-2,703	$23,333,701	+10.3%	17	$155.86	2.07%
AVUV	Avantis U.S. Small Cap Value ETF	Reduced	182,054	-1,338	$22,713,057	+12.1%	12	$87.00	2.01%
MSFT	Microsoft Corp Technology	Added	60,361	+1,191	$22,515,860	+2.8%	26+	before history	2.00%
MRVL	Marvell Technology, Inc. Technology	Reduced	73,918	-826	$22,019,433	+197.4%	10	$71.18	1.95%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	262,844	+4,533	$19,295,378	+1.4%	20	$73.65	1.71%
SGOL	abrdn Gold ETF Trust	Added	501,622	+2,180	$19,177,009	−13.9%	26+	before history	1.70%
GOOG	Alphabet Inc. Communication Services	Reduced	47,912	-1,053	$16,928,746	+20.5%	20	unpriced	1.50%
RTX	RTX Corp Industrials	Added	87,730	+78	$16,645,012	−1.6%	17	$92.80	1.48%
APH	Amphenol Corp Technology	Reduced	93,567	-352	$16,497,733	+39.0%	17	$40.42	1.46%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Reduced	380,727	-27,854	$15,472,745	+9.6%	15	$22.07	1.37%
GLD	Spdr Gold Trust	Reduced	41,371	-30	$15,240,248	−14.5%	26+	before history	1.35%
VXUS	Vanguard Total International Stock ETF	Added	167,054	+5,693	$14,281,446	+14.8%	20	$65.15	1.27%
JPST	JPMorgan Ultra-Short Income ETF	Added	256,007	+17,334	$12,946,273	+7.2%	26+	before history	1.15%
CSX	Csx Corp Industrials	Reduced	260,640	-4,840	$12,388,219	+13.7%	26+	before history	1.10%
BNDX	Vanguard Total International Bond ETF	Added	247,281	+8,569	$11,975,818	+4.4%	26+	before history	1.06%
AMZN	Amazon Com Inc Consumer Cyclical	Added	49,361	+514	$11,764,700	+15.6%	17	unpriced	1.04%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	24,446	-262	$11,674,676	+39.8%	13	$124.80	1.03%
PANW	Palo Alto Networks Inc Technology	Reduced	34,221	-451	$11,670,045	+109.9%	10	unpriced	1.03%
SPY	Spdr S&P 500 ETF Trust	Added	13,876	+2	$10,362,180	+14.8%	20	$480.37	0.92%
VDE	VANGUARD ENERGY INDEX FUND	Added	65,083	+370	$9,770,910	—	21	unpriced	0.87%
CHD	Church & Dwight Co Inc Consumer Defensive	Reduced	97,692	-888	$9,464,400	+2.9%	26+	before history	0.84%
NI	Nisource Inc. Utilities	Reduced	196,737	-1,311	$9,354,844	+1.2%	11	$25.70	0.83%
TTE	TotalEnergies SE Energy	Reduced	117,149	-421	$9,109,506	−14.8%	3	$63.23	0.81%
SCHP	Schwab U.S. TIPS ETF	Added	343,128	+22,632	$9,092,892	+6.6%	26+	before history	0.81%
MOG-A	Moog Inc. Industrials	Reduced	20,876	-315	$8,848,083	+42.7%	26+	before history	0.78%
LVHI	Franklin International Low Volatility High Dividend Index ETF	Added	216,742	+14,431	$8,796,474	+7.3%	5	$33.49	0.78%
NSC	Norfolk Southern Corp Industrials	Reduced	27,950	-123	$8,792,790	+9.1%	26+	before history	0.78%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	26,235	-108	$8,587,502	+10.8%	26+	before history	0.76%
DFLV	Dimensional US Large Cap Value ETF	Added	210,183	+8,038	$8,310,635	+15.1%	11	$30.65	0.74%
FBCG	Fidelity Covington Trust	Reduced	130,847	-305	$8,126,907	+23.6%	9	$41.83	0.72%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	8,437	-46	$7,892,560	−6.6%	26+	before history	0.70%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	84,224	-194	$7,721,656	+7.3%	26+	before history	0.68%
IQLT	iShares MSCI Intl Quality Factor ETF	Added	155,493	+4,420	$7,704,678	+10.3%	9	unpriced	0.68%
TXT	Textron Inc Industrials	Added	83,495	+462	$7,658,996	+5.3%	3	$83.72	0.68%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	121,211	-366	$7,622,959	+6.7%	11	$50.01	0.68%
TJX	Tjx Companies Inc Consumer Cyclical	Reduced	49,112	-160	$7,440,468	−5.4%	26+	before history	0.66%
AMRZ	Amrize Ltd Basic Materials	Added	137,007	+4,233	$7,302,473	−1.8%	5	unpriced	0.65%
GD	General Dynamics Corp Industrials	Reduced	20,428	-31	$7,236,414	+3.1%	26+	before history	0.64%
SHV	iShares 0-1 Year Treasury Bond ETF	Added	64,965	+883	$7,168,887	+1.3%	14	unpriced	0.64%
TR	Tootsie Roll Industries Inc Consumer Defensive	Reduced	180,100	-282	$7,122,955	−7.6%	7	unpriced	0.63%
SO	Southern Co Utilities	Added	74,241	+305	$7,105,606	−0.4%	11	$76.21	0.63%
ASML	Asml Holding NV Technology	Reduced	3,563	-14	$7,088,374	+50.0%	11	$819.10	0.63%
ESLT	Elbit Systems Ltd Industrials	Reduced	9,081	-106	$6,889,936	−11.7%	26+	before history	0.61%
AXP	American Express Co Financial Services	Held	20,026	0	$6,773,794	+11.8%	17	$174.25	0.60%
SOLV	Solventum Corp Healthcare	NEW	87,227	NEW	$6,729,563	NEW	1	$72.92	0.60%

Showing the top 50 of 763 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.