Berger Financial Group, Inc — 13F Holdings & Portfolio
CIK 1826136 · latest 13F-HR filed 2026-08-04
Berger Financial Group, Inc manages $1.96B in 13F-reported U.S. long-equity assets across 486 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SCHD (5.19%), SCHG (4.91%), VUG (4.86%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 31 new positions and exited 19; 240 existing positions rose in reported value and 88 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$1.96B
Long-equity book
Holdings
486
Distinct positions
Period
2026-06-30
Filed 2026-08-04
Q/Q Activity
+31 / −19 / ↑240 / ↓88
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26SCHD5.2% · +7%SCHG4.9% · +9%VUG4.9% · +484%PAAA4.2% · newJBND3.9% · -1%SCHX3.5% · -2%LMBS2.9% · +1%AAPL2.3% · -3%JCPB2.2% · +7%RAAX1.9% · +18%HTRB1.7% · +10%PYLD1.6% · -1%NVDA1.4% · +11%CHRW1.3% · -1%FBT1.3% · -2%DFAE1.3% · +8%DFAI1.3% · +9%BOND1.1% · -1%AVMC1.1% · +10%AMZN1.0% · -3%GOOGL0.9% · -3%VTV0.9% · -2%AVEM0.9% · -1%VOO0.8% · -6%SPY0.8% · -3%QQQ0.8% · -0%FESM0.8% · +1%WCMI0.8% · -0%FEOE0.8% · -1%NPFI0.8% · -1%MSFT0.7% · -4%HODL0.7% · -4%CRWD0.7% · -3%COST0.7% · -2%SMMD0.7% · -1%AVSC0.6% · +9%DDOG0.6% · -5%HWKN0.6% · +9%JNJ0.5% · -1%VLO0.5% · -4%DFCF0.5% · -9%FFIV0.5% · -4%IBM0.5% · -6%WMT0.5% · -4%MA0.5% · -3%EMB0.4% · +9%PREF0.4% · +9%META0.4% · +10%DFAC0.4% · +1%GEQ0.4% · newV0.4% · -12%LLY0.4% · -0%ALL0.4% · -3%QCOM0.4% · -4%LYV0.4% · -3%IJUL0.4% · -2%UJUN0.4% · +6%CB0.4% · -3%VTI0.4% · +1%EOG0.3% · -4%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 35.9%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Sep 3, 2026.
Assets Under Management
$2.95B
Discretionary
$2.95B
Employees
89
Accounts
11,139
Address
1695 STATE HWY 169 N
PLYMOUTH, MN 55441
PLYMOUTH, MN 55441
Phone
(763) 746-2666
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ALPHA HOLDINGS LLC Control | OWNER since Jul 2026 | 75% or more | Domestic Entity |
| ASMUS, NICHOLAS, ROBERT Control | CHIEF EXECUTIVE OFFICER & PRESIDENT since Jul 2026 | Less than 5% | Individual |
| BORTSCHELLER, APRIL, THEREASE Control | SECRETARY & TREASURER since Jul 2026 | Less than 5% | Individual |
| MACKINNON, JOHN, DOUGLAS Control | CHIEF COMPLIANCE OFFICER since Sep 2026 | Less than 5% | Individual |
| BETA MIDCO LLC Control Indirect owner via ALPHA HOLDINGS LLC | SOLE MEMBER since Jun 2026 | 75% or more | Domestic Entity |
| BFG HOLDINGS LP Control Indirect owner via BETA MIDCO LLC | SOLE MEMBER since Jun 2026 | 75% or more | Domestic Entity |
| INVESTCORP INVESTMENT HOLDINGS LIMITED Control Indirect owner via MEJDOOL INVESTMENTS HOLDINGS II LIMITED | SHAREHOLDER since Jul 2024 | 75% or more | Foreign Entity |
| INVESTCORP NORTH AMERICAN PRIVATE EQUITY PARALLEL FUND II-A, L.P. Control Indirect owner via IVC-BFG HOLDING II LP | LIMITED PARTNER since Jul 2026 | 50–75% | Foreign Entity |
| IVC-BFG HOLDING I LP Control Indirect owner via PREMIUM BLOCKER INC. | SHAREHOLDER since Jul 2026 | 75% or more | Domestic Entity |
| IVC-BFG HOLDING II LP Control Indirect owner via IVC-BFG HOLDING I LP | LIMITED PARTNER since Jul 2026 | 75% or more | Domestic Entity |
| MEJDOOL INVESTMENTS HOLDINGS II LIMITED Control Indirect owner via INVESTCORP NORTH AMERICAN PRIVATE EQUITY PARALLEL FUND II-A, L.P. | LIMITED PARTNER since Aug 2024 | 75% or more | Foreign Entity |
| PREMIUM BLOCKER INC. Control Indirect owner via BFG HOLDINGS LP | LIMITED PARTNER & GENERAL PARTNER since Jul 2026 | 50–75% | Domestic Entity |
Ownership & leadership changes · 6 filings with changes since May 15, 2020
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Sep 3, 2026 filing
- No longer listedBERGER, MARK, ALLEN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since May 2020
- AddedMACKINNON, JOHN, DOUGLAS · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Aug 13, 2026 filing
- No longer listedBERGER FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP PLAN · TRUST · 50–75% · control person · listed since May 2020
- No longer listedBROZEN, NEIL, MATTHEW · TRUSTEE · 50–75% · listed since May 2020
- No longer listedCONKLIN, BLAINE, MICAH · CIO · Less than 5% · listed since May 2020
- No longer listedERICKSON, ANGELA, MARIE · ADVISOR, BOARD MEMBER · Less than 5% · control person · listed since May 2020
- No longer listedNOLL, PATRICK, JOHN · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since May 2020
- No longer listedReynolds, Anthony, Harold · CHIEF STRATEGY OFFICER · Less than 5% · listed since Jan 2024
- No longer listedSANZ, KRISTI, LYN · CHIEF GROWTH OFFICER · Less than 5% · listed since May 2020
- AddedALPHA HOLDINGS LLC · OWNER · 75% or more · control person
- AddedBETA MIDCO LLC · SOLE MEMBER · 75% or more · indirect via ALPHA HOLDINGS LLC · control person
- AddedBFG HOLDINGS LP · SOLE MEMBER · 75% or more · indirect via BETA MIDCO LLC · control person
- AddedINVESTCORP INVESTMENT HOLDINGS LIMITED · SHAREHOLDER · 75% or more · indirect via MEJDOOL INVESTMENTS HOLDINGS II LIMITED · control person
- AddedINVESTCORP NORTH AMERICAN PRIVATE EQUITY PARALLEL FUND II-A, L.P. · LIMITED PARTNER · 50–75% · indirect via IVC-BFG HOLDING II LP · control person
- AddedIVC-BFG HOLDING I LP · SHAREHOLDER · 75% or more · indirect via PREMIUM BLOCKER INC. · control person
- AddedIVC-BFG HOLDING II LP · LIMITED PARTNER · 75% or more · indirect via IVC-BFG HOLDING I LP · control person
- AddedMEJDOOL INVESTMENTS HOLDINGS II LIMITED · LIMITED PARTNER · 75% or more · indirect via INVESTCORP NORTH AMERICAN PRIVATE EQUITY PARALLEL FUND II-A, L.P. · control person
- AddedPREMIUM BLOCKER INC. · LIMITED PARTNER & GENERAL PARTNER · 50–75% · indirect via BFG HOLDINGS LP · control person
- ChangedASMUS, NICHOLAS, ROBERT · title CEO, BOARD MEMBER → CHIEF EXECUTIVE OFFICER & PRESIDENT; ownership 10–25% → Less than 5%
- ChangedBERGER, MARK, ALLEN · title CCO, BOARD MEMBER → CHIEF COMPLIANCE OFFICER; ownership 10–25% → Less than 5%
- ChangedBORTSCHELLER, APRIL, THEREASE · title PRESIDENT, COO, BOARD MEMBER → SECRETARY & TREASURER
Mar 9, 2026 filing
- ChangedBERGER, MARK, ALLEN · title CHIEF COMPLIANCE OFFICER, PRINCIPAL, BOARD MEMBER → CCO, BOARD MEMBER
- ChangedBORTSCHELLER, APRIL, THEREASE · title VICE PRESIDENT, BOARD MEMBER → PRESIDENT, COO, BOARD MEMBER
Feb 20, 2025 filing
- No longer listedBERGER, LARRY, ALLEN · FINANCIAL ADVISOR, CHAIRMAN · Less than 5% · control person · listed since May 2020
- AddedCONKLIN, BLAINE, MICAH · CIO · Less than 5%
- AddedReynolds, Anthony, Harold · CHIEF STRATEGY OFFICER · Less than 5%
- AddedSANZ, KRISTI, LYN · CHIEF GROWTH OFFICER · Less than 5%
Mar 22, 2024 filing
- ChangedASMUS, NICHOLAS, ROBERT · title PRESIDENT, BOARD MEMBER → CEO, BOARD MEMBER
Mar 31, 2023 filing
- ChangedASMUS, NICHOLAS, ROBERT · ownership 5–10% → 10–25%
May 15, 2020 filing (earliest on record)
- ListedASMUS, NICHOLAS, ROBERT · PRESIDENT, BOARD MEMBER · 5–10% · control person
- ListedBERGER FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP PLAN · TRUST · 50–75% · control person
- ListedBERGER, LARRY, ALLEN · FINANCIAL ADVISOR, CHAIRMAN · Less than 5% · control person
- ListedBERGER, MARK, ALLEN · CHIEF COMPLIANCE OFFICER, PRINCIPAL, BOARD MEMBER · 10–25% · control person
- ListedBORTSCHELLER, APRIL, THEREASE · VICE PRESIDENT, BOARD MEMBER · Less than 5% · control person
- ListedBROZEN, NEIL, MATTHEW · TRUSTEE · 50–75%
- ListedERICKSON, ANGELA, MARIE · ADVISOR, BOARD MEMBER · Less than 5% · control person
- ListedNOLL, PATRICK, JOHN · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- SCHWAB STRATEGIC TR$20.5M +27.1%
- VANGUARD INDEX FDS$12.6M +15.2%
- PGIM ETF TR$11.1M +15.7%
- SCHWAB STRATEGIC TR$9.8M +10.6%
- SCHWAB STRATEGIC TR$7.8M +12.8%
Top Trims
- INTUIT-$6.1M -89.8%
- VANECK BITCOIN ETF-$2.7M -16.3%
- AT&T INC-$2.5M -31.0%
- KROGER CO-$1.9M -25.8%
- FAIR ISAAC CORP-$1.4M -68.1%
New Positions
- EA SERIES TRUST$8.3M
- FORTINET INC$3.6M
- ADOBE INC$3.3M
- COLLABORATIVE INVESTMNT SER$580.0K
- HONEYWELL AEROSPACE INC$522.4K
Exited Positions
- LEIDOS HOLDINGS INC$5.4M
- COGNIZANT TECHNOLOGY SOLUTIO$4.8M
- EPAM SYS INC$4.0M
- HONEYWELL INTL INC$1.1M
- EA SERIES TRUST$859.7K
Berger Financial Group, Inc Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR | SCHD | 808524797 | $101.6M | 5.19% | 3,205,319 | SH |
| 2 | SCHWAB STRATEGIC TR | SCHG | 808524300 | $96.2M | 4.91% | 2,842,453 | SH |
| 3 | VANGUARD INDEX FDS | VUG | 922908736 | $95.3M | 4.86% | 1,106,002 | SH |
| 4 | PGIM ETF TR | PJFG | 69344A875 | $81.5M | 4.16% | 702,506 | SH |
| 5 | J P MORGAN EXCHANGE TRADED F | JBND | 46654Q716 | $76.6M | 3.91% | 1,431,811 | SH |
| 6 | SCHWAB STRATEGIC TR | SCHX | 808524201 | $68.5M | 3.50% | 2,326,585 | SH |
| 7 | FIRST TR EXCHANGE-TRADED FD | LMBS | 33739Q200 | $56.7M | 2.90% | 1,139,455 | SH |
| 8 | APPLE INC | AAPL | 037833100 | $44.1M | 2.25% | 152,260 | SH |
| 9 | J P MORGAN EXCHANGE TRADED F | JCPB | 46641Q670 | $43.8M | 2.24% | 934,157 | SH |
| 10 | VANECK ETF TRUST | RAAX | 92189F130 | $37.9M | 1.94% | 955,885 | SH |
| 11 | HARTFORD FDS EXCHANGE TRADED | HTRB | 41653L305 | $33.0M | 1.69% | 978,480 | SH |
| 12 | PIMCO ETF TR | PYLD | 72201R585 | $30.3M | 1.55% | 1,143,208 | SH |
| 13 | NVIDIA CORPORATION | NVDA | 67066G104 | $28.3M | 1.45% | 141,469 | SH |
| 14 | C H ROBINSON WORLDWIDE IN | CHRW | 12541W209 | $25.7M | 1.31% | 136,255 | SH |
| 15 | FIRST TR EXCHANGE-TRADED FD | FBT | 33733E203 | $25.4M | 1.30% | 102,351 | SH |
| 16 | DIMENSIONAL ETF TRUST | DFAE | 25434V302 | $25.1M | 1.28% | 623,436 | SH |
| 17 | DIMENSIONAL ETF TRUST | DFAI | 25434V203 | $24.6M | 1.26% | 596,873 | SH |
| 18 | PIMCO ETF TR | BOND | 72201R775 | $22.1M | 1.13% | 239,458 | SH |
| 19 | AMERICAN CENTY ETF TR | AVMC | 025072125 | $21.6M | 1.10% | 269,524 | SH |
| 20 | AMAZON COM INC | AMZN | 023135106 | $19.1M | 0.98% | 80,239 | SH |
| 21 | ALPHABET INC | GOOGL | 02079K305 | $18.3M | 0.93% | 51,162 | SH |
| 22 | VANGUARD INDEX FDS | VTV | 922908744 | $17.8M | 0.91% | 81,743 | SH |
| 23 | AMERICAN CENTY ETF TR | AVEM | 025072604 | $17.1M | 0.87% | 177,096 | SH |
| 24 | VANGUARD INDEX FDS | VOO | 922908363 | $16.6M | 0.85% | 24,165 | SH |
| 25 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $16.6M | 0.85% | 22,190 | SH |
| 26 | INVESCO QQQ TR | QQQ | 46090E103 | $15.9M | 0.81% | 21,635 | SH |
| 27 | FIDELITY COVINGTON TRUST | FESM | 31609A206 | $15.4M | 0.79% | 318,779 | SH |
| 28 | FIRST TR EXCHANGE-TRADED FD | WCMI | 33733E732 | $15.4M | 0.78% | 785,432 | SH |
| 29 | RBB FUND TRUST | FEOE | 75526L878 | $15.2M | 0.77% | 283,724 | SH |
| 30 | NUSHARES ETF TR | NPFI | 67092P771 | $15.0M | 0.77% | 574,054 | SH |
| 31 | MICROSOFT CORP | MSFT | 594918104 | $14.3M | 0.73% | 38,384 | SH |
| 32 | VANECK BITCOIN ETF | HODL | 92189K105 | $13.8M | 0.70% | 828,848 | SH |
| 33 | CROWDSTRIKE HLDGS INC | CRWD | 22788C105 | $13.7M | 0.70% | 17,978 | SH |
| 34 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $13.1M | 0.67% | 13,989 | SH |
| 35 | ISHARES TR | SMMD | 46435G268 | $13.0M | 0.67% | 142,271 | SH |
| 36 | AMERICAN CENTY ETF TR | AVSC | 025072323 | $12.2M | 0.63% | 166,979 | SH |
| 37 | DATADOG INC | DDOG | 23804L103 | $11.7M | 0.60% | 44,935 | SH |
| 38 | HAWKINS INC | HWKN | 420261109 | $10.8M | 0.55% | 76,257 | SH |
| 39 | JOHNSON & JOHNSON | JNJ | 478160104 | $10.1M | 0.52% | 39,841 | SH |
| 40 | VALERO ENERGY CORP | VLO | 91913Y100 | $9.9M | 0.51% | 38,101 | SH |
| 41 | DIMENSIONAL ETF TRUST | DFCF | 25434V872 | $9.4M | 0.48% | 222,462 | SH |
| 42 | F5 INC | FFIV | 315616102 | $9.3M | 0.47% | 22,293 | SH |
| 43 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $9.2M | 0.47% | 32,864 | SH |
| 44 | WALMART INC | WMT | 931142103 | $9.0M | 0.46% | 79,703 | SH |
| 45 | MASTERCARD INCORPORATED | MA | 57636Q104 | $8.9M | 0.45% | 17,306 | SH |
| 46 | ISHARES TR | EMB | 464288281 | $8.4M | 0.43% | 87,545 | SH |
| 47 | PRINCIPAL EXCHANGE TRADED FD | PREF | 74255Y888 | $8.4M | 0.43% | 441,919 | SH |
| 48 | META PLATFORMS INC | META | 30303M102 | $8.4M | 0.43% | 14,904 | SH |
| 49 | DIMENSIONAL ETF TRUST | DFAC | 25434V708 | $8.3M | 0.43% | 188,069 | SH |
| 50 | EA SERIES TRUST | GEQ | 02072Q176 | $8.3M | 0.42% | 161,649 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-04 | $1.96B | 486 | 0001826136-26-000002 |
| 2026-03-31 | 2026-04-28 | $1.79B | 474 | 0001172661-26-001555 |
| 2025-12-31 | 2026-01-27 | $1.73B | 474 | 0001172661-26-000322 |
Filer Information
Address
1695 STATE HIGHWAY 169PLYMOUTH, MN 55441
Phone
(763) 999-5585
Filing Manager
Berger Financial Group, Inc
PLYMOUTH, MN
Signatory
Nick Asmus
President