BFC PLANNING INC
Q2 2025 Form 13-F
CEDAR RAPIDS, IOWA
CIK 0002160654
· CRD 119682
· SEC-registered investment adviser
$1.3B Reported Value Total
BFC PLANNING, INC. reports 8,756 total accounts under management (AUM). There are 5,981 discretionary accounts valued at $1,291,038,281, and 2,775 non-discretionary accounts valued at $735,810,578.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-03-27
Reported value
$1.3B
Quarter over quarter
+10.0%
Holdings
2,655
Top-10 concentration
26.4%
Key People
Form ADV owners & control persons
Thomas Joseph Berthel
CHAIRMAN OF BOARD
Kimberly Karen Early Chapman
CHIEF COMPLIANCE OFFICER
Andrew James Christofferson
CHIEF EXECUTIVE OFFICER/PRESIDENT
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | October 29, 2026 |
| Form | 13F-HR |
| Reported value | $1.3B |
| Positions | 2,655 |
| Change in reported value | +12.3% |
| New positions | 233 |
| Exited positions | 234 |
| Position turnover | 16.2% |
| Top-10 concentration | 26.4% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Oct 29, 2026
|
3,415 | $2.5B |
|
Q1 2026 13F
Filed Oct 29, 2026
|
3,028 | $2.2B |
|
Q4 2025 13F
Filed Oct 29, 2026
|
3,213 | $2.3B |
|
Q3 2025 13F
Filed Oct 29, 2026
|
2,886 | $1.4B |
|
Q2 2025 13F
Filed Oct 29, 2026
|
2,655 | $1.3B |
|
Q1 2025 13F
Filed Oct 29, 2026
|
2,656 | $1.1B |
|
Q4 2024 13F
Filed Oct 29, 2026
|
2,594 | $1.2B |
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | $84.6M | 6.64% |
| 2 | QQQ INVESCO QQQ TR | $57.0M | 4.47% |
| 3 | AAPL APPLE INC | $44.7M | 3.51% |
| 4 | MSFT MICROSOFT CORP | $34.4M | 2.7% |
| 5 | SPY STATE STR SPDR S&P 500 ETF T | $26.3M | 2.06% |
| 6 | AMZN AMAZON COM INC | $24.2M | 1.9% |
| 7 | XLK SELECT SECTOR SPDR TR | $17.9M | 1.4% |
| 8 | LMBS FIRST TR EXCHANGE-TRADED FD | $17.4M | 1.36% |
| 9 | META META PLATFORMS INC | $16.1M | 1.27% |
| 10 | DIS DISNEY WALT CO | $13.9M | 1.09% |
| 11 | NFLX NETFLIX INC. | $13.4M | 1.06% |
| 12 | VIG VANGUARD SPECIALIZED FUNDS | $13.2M | 1.03% |
| 13 | VONG VANGUARD SCOTTSDALE FDS | $12.5M | 0.98% |
| 14 | MGK VANGUARD WORLD FD | $12.4M | 0.97% |
| 15 | BRK-B BERKSHIRE HATHAWAY INC DEL | $12.2M | 0.96% |
| 16 | COST COSTCO WHOLESALE CORPORATION | $12.1M | 0.95% |
| 17 | IVE ISHARES TR | $11.5M | 0.91% |
| 18 | GOOGL ALPHABET INC | $11.0M | 0.87% |
| 19 | TSM TAIWAN SEMICONDUCTOR MANUFAC | $10.2M | 0.8% |
| 20 | MOS MOSAIC CO | $10.0M | 0.79% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.