BFC PLANNING INC
Q3 2025 Form 13-F
CEDAR RAPIDS, IOWA
CIK 0002160654
· CRD 119682
· SEC-registered investment adviser
$1.4B Reported Value Total
BFC PLANNING, INC. reports 13,174 total accounts under management (AUM). There are 11,094 discretionary accounts valued at $3,232,910,283, and 2,080 non-discretionary accounts valued at $608,286,316.
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
$1.4B
Quarter over quarter
+7.1%
Holdings
2,886
Top-10 concentration
27.3%
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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13F Metrics
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | October 29, 2026 |
| Form | 13F-HR |
| Reported value | $1.4B |
| Positions | 2,886 |
| Change in reported value | +8.6% |
| New positions | 339 |
| Exited positions | 108 |
| Position turnover | 14.9% |
| Top-10 concentration | 27.3% |
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 · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | $98.8M | 7.15% |
| 2 | QQQ INVESCO QQQ TR | $65.0M | 4.7% |
| 3 | AAPL APPLE INC | $56.0M | 4.05% |
| 4 | MSFT MICROSOFT CORP | $35.9M | 2.6% |
| 5 | SPY SPDR S&P 500 ETF TR | $30.1M | 2.18% |
| 6 | AMZN AMAZON COM INC | $23.7M | 1.72% |
| 7 | XLK SELECT SECTOR SPDR TR | $18.3M | 1.33% |
| 8 | LMBS FIRST TR EXCHANGE-TRADED FD | $18.2M | 1.32% |
| 9 | META META PLATFORMS INC | $15.6M | 1.13% |
| 10 | GOOGL ALPHABET INC | $15.2M | 1.1% |
| 11 | MGK VANGUARD WORLD FD | $13.9M | 1.01% |
| 12 | VIG VANGUARD SPECIALIZED FUNDS | $13.9M | 1.0% |
| 13 | VONG VANGUARD SCOTTSDALE FDS | $13.9M | 1.0% |
| 14 | TSM TAIWAN SEMICONDUCTOR MFG LTD | $12.8M | 0.92% |
| 15 | DIS DISNEY WALT CO | $12.6M | 0.91% |
| 16 | PLTR PALANTIR TECHNOLOGIES INC | $12.4M | 0.9% |
| 17 | NFLX NETFLIX INC | $12.4M | 0.9% |
| 18 | BRK-B BERKSHIRE HATHAWAY INC DEL | $11.9M | 0.86% |
| 19 | IVE ISHARES TR | $11.8M | 0.85% |
| 20 | COST COSTCO WHSL CORP NEW | $11.5M | 0.83% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.