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Berthel, Fisher & Company Financial Services, Inc. 13F Holdings Tracker (Q2 2026)
Berthel, Fisher & Company Financial Services, Inc.CIK: 0000717799
Diversified strategySector-focusedMomentum follower
Total reported value
$743.2M
Reporting period: 2026-06-30 · Number of holdings: 2389
BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC. disclosed 2389 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $743.2M and a quarterly turnover rate of 25.7%.
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Personality snowflake
- Concentration
- 6.55
- Portfolio Stability
- 25.67
- Momentum
- 77.18
- Sector conviction
- 95.06
- Diversification
- 100
- Sizing Uniformity
- 38.3
Berthel, Fisher & Company Financial Services, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 61 equally-sized positions, well below its 2389 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 6.17), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 50% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim SPY
-$6.2M
Trim PLTR
-$5.3M
Add TSM
$5.0M
Add NVDA
$4.7M
Trim SPHY
-$3.9M
Add AMD
$3.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 2389 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 9.87% | +0.60% | — | — |
| 2 | AAPL | Apple Inc | Stock-Tech | 4.80% | +0.24% | — | — |
| 3 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 3.02% | +0.66% | — | — |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 2.42% | +0.10% | — | — |
| 5 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 2.00% | +0.17% | — | — |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 1.16% | -0.30% | — | — |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.07% | -0.10% | — | — |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.99% | -0.84% | — | — |
| 9 | NOBL | Proshares S&p 500 Dividend A | ETF-Large Cap & Growth | 0.98% | -0.01% | — | — |
| 10 | AVGO | Broadcom Inc | Stock-Tech | 0.93% | +0.01% | — | — |
| 11 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.90% | +0.15% | — | — |
| 12 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.89% | -0.12% | — | — |
| 13 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.84% | -0.10% | — | — |
| 14 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.81% | +0.07% | — | — |
| 15 | ONEQ | Fidelity Nasdaq Comp Indx | ETF-Tech | 0.80% | +0.12% | — | — |
| 16 | BX | Blackstone Inc | Stock-Financials | 0.77% | +0.01% | — | — |
| 17 | AMD | Advanced Micro Devices | Stock-Tech | 0.75% | +0.43% | — | — |
| 18 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.69% | +0.22% | — | — |
| 19 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.67% | +0.05% | — | — |
| 20 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.66% | +0.04% | — | — |
| 21 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.60% | +0.07% | — | — |
| 22 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 0.59% | -0.05% | — | — |
| 23 | REGL | Prshrs S&p Mid 400 Dvd Arist | ETF-Other | 0.57% | +0.04% | — | — |
| 24 | VYMI | Vanguard Int High Dvd Yld In | ETF-Other | 0.57% | +0.06% | — | — |
| 25 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.55% | +0.20% | — | — |
| 26 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.54% | +0.03% | — | — |
| 27 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.54% | -0.71% | — | — |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.52% | -0.34% | — | — |
| 29 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.50% | +0.06% | — | — |
| 30 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.49% | — | — | — |
| 31 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.48% | -0.08% | — | — |
| 32 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.48% | +0.14% | — | — |
| 33 | VPU | Vanguard Utilities ETF | ETF-Other | 0.47% | +0.01% | — | — |
| 34 | APUE | Activepassive US Equity ETF | ETF-Other | 0.47% | +0.13% | — | — |
| 35 | XSD | Ss Spdr S&p Semiconductor | ETF-Other | 0.46% | +0.21% | — | — |
| 36 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.45% | — | — | — |
| 37 | CAT | Caterpillar Inc | Stock-Industrials | 0.45% | +0.12% | — | — |
| 38 | ITA | Ishares U.s. Aerospace & Def | ETF-Other | 0.44% | +0.01% | — | — |
| 39 | SDY | Ss Spdr S&p Dividend ETF | ETF-Other | 0.44% | -0.10% | — | — |
| 40 | ABBV | Abbvie Inc | Stock-Healthcare | 0.42% | -0.14% | — | — |
| 41 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.41% | +0.04% | — | — |
| 42 | RWL | Invesco S&p 500 Revenue ETF | ETF-Large Cap & Growth | 0.39% | +0.03% | — | — |
| 43 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.39% | +0.09% | — | — |
| 44 | AMLP | Alerian Mlp ETF | ETF-Other | 0.39% | +0.08% | — | — |
| 45 | LRCX | Lam Research CORP | Stock-Tech | 0.38% | +0.20% | — | — |
| 46 | XOM | Exxon Mobil CORP | Stock-Energy | 0.37% | -0.18% | — | — |
| 47 | TDV | Proshares S&p Tech Dvd Arist | ETF-Tech | 0.37% | +0.09% | — | — |
| 48 | FDVV | Fidelity High Dividend ETF | ETF-Other | 0.37% | +0.03% | — | — |
| 49 | PTNQ | Pacer Trendpilot 100 ETF | ETF-Other | 0.37% | +0.07% | — | — |
| 50 | WMT | Walmart Inc | Stock-Consumer Staples | 0.36% | -0.07% | — | — |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+1.2%
Performance Last 4 Quarters
+11.3%
- Stdev
- +12.2%
- Beta
- +0.96
- Alpha
- -0.2%
- Max Drawdown
- -6.7%
- Annualized Perf
- +14.2%
- Batting Avg vs S&P
- +60.9%
- Sortino
- +2.44
- Stutzer
- +0.35
- Treynor
- +0.15
- Sterling
- +0.99
- Calmar
- +2.11
- Information Ratio
- -0.28
- Tracking Error
- +3.1%
- Stdev Down
- +5.8%
- Winning Months %
- +56.5%
- Losing Months %
- +43.5%
- Best 12 Months
- +34.8%
- Worst 12 Months
- +11.3%
- Efficiency Ratio
- +0.44
- Sharpe
- +1.15
- Stdev Sectors
- +14.3%
- Skewness
- +0.34
- Kurtosis
- -0.1
- Upside Potential
- +4.19
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Berthel, Fisher & Company Financial Services, Inc.'s most significant position changes for 2026-06-30: New buy: ; New buy: Ishares High Yild Muni A ETF (HIMU); Sold out: Alpha Metallurgical Resource (AMR); Sold out: Honeywell International Inc (HON); New buy: Rex Ai Equity Prem Inc ETF (AIPI).
Showing top 200 changes by size (of 2598 total)
1–50 of 200
Filing History
FAQ
What is Berthel, Fisher & Company Financial Services, Inc. and what type of investor is it?
Berthel, Fisher & Company Financial Services, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $743.2M, spread across 2389 disclosed positions.
What are Berthel, Fisher & Company Financial Services, Inc.'s largest equity positions?
Based on the latest 13F filing, Berthel, Fisher & Company Financial Services, Inc.'s top holdings by market value are:
1. Nvidia CORP (NVDA) — $73.4M (9.9%)
2. Apple Inc (AAPL) — $35.6M (4.8%)
3. Taiwan Semiconductor-sp Adr (TSM) — $22.4M (3.0%)
4. Invesco Qqq Trust Series 1 (QQQ) — $18.0M (2.4%)
5. Vanguard Dividend Apprec ETF (VIG) — $14.9M (2.0%)
What changes did Berthel, Fisher & Company Financial Services, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Berthel, Fisher & Company Financial Services, Inc. made 199 notable position adjustments: 6 new positions were initiated, 68 existing holdings were added to, 118 positions were partially reduced, and 7 were completely exited. The largest of these moves: New buy: ; New buy: Ishares High Yild Muni A ETF (HIMU); Sold out: Alpha Metallurgical Resource (AMR); Sold out: Honeywell International Inc (HON); New buy: Rex Ai Equity Prem Inc ETF (AIPI)
What sectors does Berthel, Fisher & Company Financial Services, Inc. focus on?
Berthel, Fisher & Company Financial Services, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 54.0%
• Industrials: 8.2%
• Financials: 6.8%
• Communication Services: 5.9%
• Consumer Discretionary: 5.8%
• Health Care: 5.0%
Investment Profile
Berthel, Fisher & Company Financial Services, Inc. returned an annualized 14.2% over the trailing 23 months — underperforming the S&P 500 by 0.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.96 (roughly in line with the market) and a 61% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 54.0% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 26 over the past 4 quarters — a shift toward more active trading.
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