Berger Financial Group, Inc

Registered adviser

CIK

1826136

Location

Plymouth, MN

Portfolio Value

Mid $1,957,934,716

Diversification

Diversified

Filing Date

Global Rank

#1,621 / 8,827 ▼ 56

Top Industry

Semiconductors 8.5%

Period ended 4 months ago

Filed Aug 4, 2026 · 3mo

23 quarters · since Dec 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, Nov 1, 2026

Form ADV adviser

CRD 308174

Roster of Nov 1, 2026

Regulatory AUM

$2,948,862,004

Main clients

Individuals and high net worth (99% of AUM)

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 Nov 2026	$2,948,862,004	Individuals and high net worth (99%)
Mar 2025 to Mar 2026	$2,500,753,183	Individuals and high net worth (100%)
Apr 2024 to Feb 2025	$1,661,051,044	Individuals and high net worth (100%)
May 2023 to Mar 2024	$1,365,502,656	Individuals and high net worth (99%)
Apr 2023	$1,365,502,656	Individuals and high net worth (99%)
Apr 2022 to Mar 2023	$1,451,635,962	Individuals and high net worth (99%)

3 earlier changes not shown.

Stated strategy

Wealth management / planning, Multi-asset, Fixed income / rates, Fundamental active, Value Form ADV Part 2A, Aug 13, 2026 · original

In the firm's words

Wealth management / planning: Berger Financial provides discretionary wealth management services to a broad range of clients.
Multi-asset: Once the client’s risk tolerance, time horizon and investment objective are established, Berger Financial will recommend a proprietary investment strategy/ies or individually design a portfolio of investments which include one or a combination of stocks, bonds, mutual funds, ETFs, options, allocation models, and other securities and/or contracts relating to the same, including investing assets in short-term money-market instruments.
Fixed income / rates: Once the client’s risk tolerance, time horizon and investment objective are established, Berger Financial will recommend a proprietary investment strategy/ies or individually design a portfolio of investments which include one or a combination of stocks, bonds, mutual funds, ETFs, options, allocation models, and other securities and/or contracts relating to the same, including investing assets in short-term money-market instruments.
Fundamental active: Berger Financial’s Investment Committee primarily employs fundamental analysis in developing investment strategies for its clients.
Value: Assets are deemed suitable if they meet certain criteria to indicate that they are a strong investment with a value discounted by the market.

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 50.1%, 24.2 effective positions, active share 71.9% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

16.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 15.3 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 71.9%; sector active share 56.7% against the combined 13F book's sector weights.

Over time 23 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

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

Top Position

14.4%

+0.8 pts

Top 5

37.2%

+0.9 pts

Top 10

50.2%

+0.7 pts

HHI

414

Diversified+21

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	69.6%	$1,363,305,239	265
Technology	10.3%	$200,919,184	45
Industrials	3.7%	$71,872,974	31
Financial Services	3.3%	$65,201,394	39
Healthcare	3.1%	$60,840,875	24
Communication Services	2.8%	$53,950,974	11
Consumer Cyclical	2.2%	$43,209,722	15
Consumer Defensive	1.8%	$36,028,693	13
Energy	1.2%	$22,721,148	12
Basic Materials	0.9%	$17,618,859	4
Utilities	0.7%	$13,258,535	10
Real Estate	0.5%	$9,007,119	6

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
VUG	VANGUARD GROWTH INDEX FUND	+916,652	1,106,002	$95,271,012
SCHG	Schwab U.S. Large-Cap Growth ETF	+244,735	2,842,453	$96,188,609
SCHD	Schwab U.S. Dividend Equity ETF	+210,210	3,205,319	$101,640,665
RAAX	VanEck Real Assets ETF	+145,940	955,885	$37,919,957
HTRB	Hartford Total Return Bond ETF	+86,608	978,480	$33,009,022
JCPB	JPMorgan Core Plus Bond ETF	+58,899	934,157	$43,849,329
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	+51,377	64,100	$5,635,031
DFAE	Dimensional Emerging Core Equity Market ETF	+48,654	623,436	$25,068,361
DFAI	Dimensional International Core Equity Market ETF	+48,354	596,873	$24,621,011
OPRT	Oportun Financial Corp	+47,466	291,041	$1,661,844
PREF	Principal Spectrum Preferred Securities Active ETF	+37,976	441,919	$8,422,976
NTAP	NetApp, Inc.	+31,321	33,808	$5,232,126
AVMC	Avantis U.S. Mid Cap Equity ETF	+25,332	269,524	$21,629,301
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	+17,999	51,406	$2,694,188
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+14,214	16,245	$1,941,602
AVSC	Avantis U.S. Small Cap Equity ETF	+13,964	166,979	$12,246,239
NVDA	Nvidia Corp	+13,600	141,469	$28,306,532
LMBS	First Trust Low Duration Opportunities ETF	+11,766	1,139,455	$56,722,069
UJUN		+9,610	185,198	$7,137,530
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	+8,081	73,227	$5,375,594
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	+7,556	87,545	$8,442,839
IJUN		+6,779	63,797	$1,988,999
HWKN	Hawkins Inc	+6,219	76,257	$10,836,119
GMUB	Goldman Sachs Municipal Income ETF	+6,100	74,142	$3,813,864
JPST	JPMorgan Ultra-Short Income ETF	+5,800	40,556	$2,050,916
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHX	Schwab U.S. Large-Cap ETF	−39,979	2,326,585	$68,471,396
HODL	VanEck Bitcoin ETF	−29,676	828,848	$13,767,165
DFCF	Dimensional Core Fixed Income ETF	−22,973	222,462	$9,390,121
PJFG	PGIM Jennison Focused Growth ETF	−20,699	702,506	$81,506,853
SCHF	Schwab International Equity ETF	−20,173	240,489	$6,661,545
BPRE	Bluerock Private Real Estate Fund	−16,555	51,683	$672,395
UAUG		−13,136	43,839	$1,844,964
INTU	Intuit Inc.	−12,986	2,634	$687,474
JBND	JPMorgan Active Bond ETF	−11,944	1,431,811	$76,601,888
DFAU	Dimensional US Core Equity Market ETF	−11,572	34,710	$1,794,159
HNDL	Strategy Shares NASDAQ 7HANDL Index ETF	−11,164	79,284	$1,811,005
AKRE	Professionally Managed Portfolios	−11,155	45,045	$2,395,943
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	−10,385	216,040	$4,400,734
CGUS	Capital Group Core Equity ETF	−9,958	110,804	$4,928,561
F	Ford Motor Co	−9,893	17,075	$237,342
VICI	Vici Properties Inc.	−9,687	212,315	$5,636,963
PYLD		−9,684	1,143,208	$30,317,876
T	At&T Inc.	−9,283	265,107	$5,487,714
FISV	Fiserv Inc	−8,684	5,598	$274,581
BSCQ	Invesco BulletShares 2026 Corporate Bond ETF	−6,769	166,080	$3,242,712
UAPR		−6,659	68,887	$2,418,967
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	−5,985	192,644	$3,778,712
IAUG		−5,739	11,381	$343,376
UFEB		−5,651	41,919	$1,620,169
UDEC		−5,031	83,354	$3,474,194
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
GEQ	Cambria Global EW 2 ETF	161,649	$8,268,346
FTNT	Fortinet, Inc.	23,599	$3,625,278
ADBE	Adobe Inc.	16,154	$3,311,893
HONA	Honeywell Aerospace Inc.	2,363	$522,412
WEC	Wec Energy Group, Inc.	3,479	$406,242
HPE	Hewlett Packard Enterprise Co	8,863	$399,809
ARM	Arm Holdings PLC	1,060	$375,844
IONQ	IonQ, Inc.	7,020	$373,885
ALAB	Astera Labs, Inc.	717	$346,325
GLW	Corning Inc	1,063	$271,522
MRVL	Marvell Technology, Inc.	892	$265,717
QQQH	NEOS Nasdaq-100(R) Hedged Equity Income ETF	4,502	$251,391
ASML	Asml Holding NV	121	$240,722
BE	Bloom Energy Corp	742	$224,603
FFLC	Fidelity Fundamental Large Cap Core ETF	3,797	$223,681
AMLP	Alerian MLP ETF	4,273	$221,555
RGTI	Rigetti Computing, Inc.	11,420	$220,634
JBHT	Hunt J B Transport Services Inc	749	$216,783
SNOW	Snowflake Inc.	850	$216,325
DIA	Spdr Dow Jones Industrial Average ETF Trust	414	$216,269
CVS	CVS HEALTH Corp	2,083	$215,486
KMB	Kimberly Clark Corp	1,960	$215,149
USSG	Xtrackers MSCI USA Selection Equity ETF	3,086	$214,353
FCFS	FirstCash Holdings, Inc.	975	$210,912
ITA	iShares U.S. Aerospace & Defense ETF	869	$210,662
No positions match the current search.

Sold Out

Positions the filer fully exited

19 positions

Ticker	Company	Shares	Value
LDOS	Leidos Holdings, Inc.	34,857	$5,420,960
CTSH	Cognizant Technology Solutions Corp	78,030	$4,787,140
EPAM	EPAM Systems, Inc.	29,689	$4,019,890
HON	Honeywell International Inc	4,813	$1,087,882
USEW	Cambria US EW ETF	17,588	$859,701
GIS	General Mills Inc	13,385	$498,189
BP	Bp PLC	8,270	$388,690
TM	Toyota Motor Corp	1,789	$368,695
APA	APA Corp	6,813	$289,143
CMCSA	Comcast Corp	9,316	$267,462
KFEB		8,666	$243,393
DISV	Dimensional International Small Cap Value ETF	5,965	$235,259
REGN	Regeneron Pharmaceuticals, Inc.	300	$231,792
AEM	Agnico Eagle Mines Ltd	1,123	$227,946
J	Jacobs Solutions Inc.	1,774	$225,794
TSCO	Tractor Supply Co	4,941	$223,827
RING	iShares MSCI Global Gold Miners ETF	2,783	$219,801
FTSL	First Trust Senior Loan Fund	4,647	$208,185
DFIP	Dimensional Inflation-Protected Securities Portfolio ETF	4,817	$200,965
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

475 tracked positions · $1,957,934,716 total · filing declares 486 positions · $1,958,513,931 · 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 475 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SCHD	Schwab U.S. Dividend Equity ETF	Added	3,205,319	+210,210	$101,640,665	+10.6%	23	before history	5.19%
SCHG	Schwab U.S. Large-Cap Growth ETF	Added	2,842,453	+244,735	$96,188,609	+27.1%	23	before history	4.91%
VUG	VANGUARD GROWTH INDEX FUND	Added	1,106,002	+916,652	$95,271,012	+15.2%	23	before history	4.87%
PJFG	PGIM Jennison Focused Growth ETF	Reduced	702,506	-20,699	$81,506,853	+15.7%	14	$58.40	4.16%
JBND	JPMorgan Active Bond ETF	Reduced	1,431,811	-11,944	$76,601,888	−1.3%	10	$52.65	3.91%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	2,326,585	-39,979	$68,471,396	+12.8%	23	before history	3.50%
LMBS	First Trust Low Duration Opportunities ETF	Added	1,139,455	+11,766	$56,722,069	+1.0%	15	$48.09	2.90%
AAPL	Apple Inc. CALL + SHARES Technology	Reduced	152,760	-3,485	$44,202,633	+11.5%	23	before history	2.26%
JCPB	JPMorgan Core Plus Bond ETF	Added	934,157	+58,899	$43,849,329	+6.4%	10	$46.58	2.24%
RAAX	VanEck Real Assets ETF	Added	955,885	+145,940	$37,919,957	+15.0%	2	$39.69	1.94%
HTRB	Hartford Total Return Bond ETF	Added	978,480	+86,608	$33,009,022	+9.7%	22	$35.49	1.69%
PYLD		Reduced	1,143,208	-9,684	$30,317,876	+0.4%	10	$25.75	1.55%
NVDA	Nvidia Corp Technology	Added	141,469	+13,600	$28,306,532	+26.9%	23	before history	1.45%
CHRW	C. H. Robinson Worldwide, Inc. Industrials	Reduced	136,255	-1,040	$25,662,266	+12.6%	23	before history	1.31%
FBT	First Trust NYSE Arca Biotechnology Index Fund	Reduced	102,351	-2,051	$25,371,789	+21.0%	23	before history	1.30%
DFAE	Dimensional Emerging Core Equity Market ETF	Added	623,436	+48,654	$25,068,361	+28.8%	6	$27.12	1.28%
DFAI	Dimensional International Core Equity Market ETF	Added	596,873	+48,354	$24,621,011	+15.2%	7	$32.07	1.26%
BOND	PIMCO Active Bond Exchange-Traded Fund	Reduced	239,458	-1,365	$22,080,422	−0.6%	7	$93.21	1.13%
AVMC	Avantis U.S. Mid Cap Equity ETF	Added	269,524	+25,332	$21,629,301	+22.6%	8	$64.51	1.10%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	80,239	-2,450	$19,124,163	+11.0%	23	before history	0.98%
GOOGL	Alphabet Inc. Communication Services	Reduced	51,162	-1,501	$18,283,763	+20.7%	23	before history	0.93%
VOO	VANGUARD 500 INDEX FUND PUT + SHARES	Reduced	26,365	-1,523	$18,107,745	+8.7%	23	before history	0.92%
VTV	VANGUARD VALUE INDEX FUND	Reduced	81,743	-1,558	$17,814,251	+9.0%	23	before history	0.91%
AVEM	Avantis Emerging Markets Equity ETF	Reduced	177,096	-2,374	$17,087,993	+18.2%	10	$56.87	0.87%
SPY	Spdr S&P 500 ETF Trust PUT + SHARES	Reduced	22,290	-1,120	$16,645,503	+9.3%	23	before history	0.85%
QQQ	Invesco Qqq Trust, Series 1 CALL + SHARES	Reduced	22,035	-253	$16,226,574	+26.1%	23	before history	0.83%
FESM	Fidelity Enhanced Small Cap Core ETF	Added	318,779	+4,343	$15,393,837	+28.8%	6	$34.65	0.79%
WCMI	First Trust WCM International Equity ETF	Reduced	785,432	-499	$15,370,904	+16.6%	2	$17.66	0.79%
FEOE	First Eagle Overseas Equity ETF	Reduced	283,724	-4,056	$15,150,861	+4.3%	6	$37.71	0.77%
NPFI	Nuveen Preferred and Income ETF	Reduced	574,054	-4,580	$15,010,938	+0.7%	6	$25.78	0.77%
MSFT	Microsoft Corp CALL + SHARES Technology	Reduced	38,784	-1,275	$14,467,207	−2.4%	23	before history	0.74%
HODL	VanEck Bitcoin ETF	Reduced	828,848	-29,676	$13,767,165	−16.3%	8	unpriced	0.70%
CRWD	CrowdStrike Holdings, Inc. Technology	Reduced	17,978	-596	$13,719,730	+89.2%	11	$399.82	0.70%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	13,989	-319	$13,086,289	−8.2%	23	before history	0.67%
SMMD	iShares Russell 2500 ETF	Reduced	142,271	-1,187	$13,036,291	+19.0%	14	unpriced	0.67%
AVSC	Avantis U.S. Small Cap Equity ETF	Added	166,979	+13,964	$12,246,239	+28.5%	8	$54.32	0.63%
DDOG	Datadog, Inc. Technology	Reduced	44,935	-2,559	$11,699,276	+108.7%	2	$123.48	0.60%
HWKN	Hawkins Inc Basic Materials	Added	76,257	+6,219	$10,836,119	+0.7%	13	$54.32	0.55%
JNJ	Johnson & Johnson Healthcare	Reduced	39,841	-422	$10,118,418	+2.8%	23	before history	0.52%
VLO	Valero Energy Corp Energy	Reduced	38,101	-1,614	$9,923,024	+1.1%	8	$196.68	0.51%
DFCF	Dimensional Core Fixed Income ETF	Reduced	222,462	-22,973	$9,390,121	−9.4%	7	$42.22	0.48%
FFIV	F5, Inc. Technology	Reduced	22,293	-1,006	$9,272,996	+37.6%	16	$161.66	0.47%
IBM	International Business Machines Corp Technology	Reduced	32,864	-2,293	$9,241,685	+8.4%	23	before history	0.47%
WMT	Walmart Inc. Consumer Defensive	Reduced	79,703	-3,290	$9,027,161	−12.5%	23	before history	0.46%
MA	Mastercard Inc Financial Services	Reduced	17,306	-534	$8,888,361	−0.3%	23	before history	0.45%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Added	87,545	+7,556	$8,442,839	+12.4%	21	unpriced	0.43%
PREF	Principal Spectrum Preferred Securities Active ETF	Added	441,919	+37,976	$8,422,976	+10.8%	11	$17.68	0.43%
META	Meta Platforms, Inc. Communication Services	Added	14,904	+1,341	$8,395,274	+8.2%	23	before history	0.43%
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	188,069	+1,226	$8,342,740	+14.9%	8	$35.28	0.43%
GEQ	Cambria Global EW 2 ETF	NEW	161,649	NEW	$8,268,346	NEW	1	unpriced	0.42%

Showing the top 50 of 475 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.