13F
中
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Berger Financial Group, Inc

13F equity value
$1.8B
Positions
463
Top 10 concentration
35.3%
Quarters / total new picks
20 / 242
13F equity value over time
$0M$892M$2B2020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +3.9% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 60.0% of quarters (excess t = 1.46, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+3.9%
t-stat
1.46
Quarterly win rate
60%
Annualized excess
+8.5%
$1 → follow vs universe
$1.97 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.04320210630: follow 1.07820210930: follow 0.97120211231: follow 0.83620220331: follow 0.86820220630: follow 0.80120220930: follow 0.84220221231: follow 0.79920230331: follow 0.84320230630: follow 0.87520230930: follow 1.18620231231: follow 1.36120240331: follow 1.43020240630: follow 1.55420240930: follow 1.57620241231: follow 1.58520250331: follow 1.64220250630: follow 1.84920250930: follow 2.02120251231: follow 1.971 0.73 1.46 2.18 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 463 · 2026 Q1

Ticker Value Weight QoQ
SCHD $92M
5.1%
TRIM
VUG $83M
4.6%
ADD
JBND $78M
4.3%
ADD
SCHG $76M
4.2%
ADD
SCHX $61M
3.4%
HOLD
LMBS $56M
3.1%
ADD
JCPB $41M
2.3%
HOLD
AAPL $40M
2.2%
TRIM
RAAX $33M
1.8%
NEW
PYLD $30M
1.7%
ADD
HTRB $30M
1.7%
HOLD
CHRW $23M
1.3%
TRIM
NVDA $22M
1.3%
HOLD
BOND $22M
1.3%
ADD
DFAI $21M
1.2%
TRIM
FBT $21M
1.2%
TRIM
DFAE $19M
1.1%
TRIM
AVMC $18M
1.0%
ADD
AMZN $17M
1.0%
TRIM
HODL $16M
0.9%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AEMAOSBINCBRCSXDDOGDFIPEJANEPAMKDECKRLUMNLUNGMPCNFJRAAXROBOROLSCHETERTTWOUNPVOEWCMI

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.