BFC PLANNING INC
Q4 2025 Form 13-F
CEDAR RAPIDS, IOWA
CIK 0002160654
· CRD 119682
· SEC-registered investment adviser
$2.3B 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
$2.3B
Quarter over quarter
+1.5%
Holdings
3,213
Top-10 concentration
24.5%
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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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | October 29, 2026 |
| Form | 13F-HR |
| Reported value | $2.3B |
| Positions | 3,213 |
| Change in reported value | +63.6% |
| New positions | 470 |
| Exited positions | 143 |
| Position turnover | 18.3% |
| Top-10 concentration | 24.5% |
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 · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | $121.2M | 5.36% |
| 2 | QQQ INVESCO QQQ TR | $95.8M | 4.23% |
| 3 | AAPL APPLE INC | $79.4M | 3.51% |
| 4 | MSFT MICROSOFT CORP | $54.7M | 2.42% |
| 5 | SPY SPDR S&P 500 ETF TR | $49.7M | 2.2% |
| 6 | AMZN AMAZON COM INC | $42.0M | 1.86% |
| 7 | GOOGL ALPHABET INC | $37.1M | 1.64% |
| 8 | GOOG ALPHABET INC | $28.6M | 1.26% |
| 9 | BRK-B BERKSHIRE HATHAWAY INC DEL | $23.3M | 1.03% |
| 10 | META META PLATFORMS INC | $21.8M | 0.96% |
| 11 | XLK SELECT SECTOR SPDR TR | $19.8M | 0.87% |
| 12 | VTI VANGUARD INDEX FDS | $18.9M | 0.84% |
| 13 | VIG VANGUARD SPECIALIZED FUNDS | $18.7M | 0.83% |
| 14 | LMBS FIRST TR EXCHANGE-TRADED FD | $18.6M | 0.82% |
| 15 | SPTM SPDR SERIES TRUST | $18.0M | 0.8% |
| 16 | VOO VANGUARD INDEX FDS | $17.9M | 0.79% |
| 17 | TBIL RBB FD INC | $17.0M | 0.75% |
| 18 | TSM TAIWAN SEMICONDUCTOR MFG LTD | $16.5M | 0.73% |
| 19 | JPM JPMORGAN CHASE & CO. | $15.8M | 0.7% |
| 20 | PLTR PALANTIR TECHNOLOGIES INC | $15.2M | 0.67% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.