Institutional Manager · CIK 0001694435

PFG Advisors

Phoenix, AZ · File #028-18250

Latest AUM

$2.06B

Positions

767

Top-10 Concentration

39.7%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	MICROSOFT CORP	MSFT	-40,573	-$19.6M	-$3.8M
REDUCE	APPLE INC	AAPL	-68,245	-$18.6M	+$3.8M
REDUCE	CAPITAL GROUP GROWTH ETF	14020G101	-321,144	-$14.3M	+$250,526
REDUCE	NVIDIA CORPORATION	NVDA	-73,285	-$13.7M	-$19,520
REDUCE	J P MORGAN EXCHANGE TRADED F	46641Q332	-219,160	-$12.5M	+$40,055
REDUCE	INVESCO QQQ TR	IVZ	-19,483	-$12.0M	+$1.2M
REDUCE	VANGUARD SPECIALIZED FUNDS	921908844	-45,818	-$10.1M	+$626,632
REDUCE	ALPHABET INC	GOOG	-31,950	-$10.0M	+$5.4M
REDUCE	VANGUARD INDEX FDS	922908736	-20,541	-$10.0M	+$1.1M
REDUCE	BERKSHIRE HATHAWAY INC DEL	BRK-A	-17,773	-$8.9M	-$3,993

Sector Allocation

9.3%$191.1M

9.0%$186.0M

3.5%$72.0M

1.9%$39.4M

Consumer Discretionary

1.4%$29.4M

Materials

1.3%$27.5M

Communication Services

0.9%$18.7M

0.7%$15.4M

0.5%$9.5M

0.2%$3.6M

0.1%$2.4M

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 2025767 pos · $2.06B
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 2025812 pos · $2.44B
Aug 7, 202513F HOLDINGS REPORTQ/E Jun 2025623 pos · $2.16B
May 6, 202513F HOLDINGS REPORTQ/E Mar 2025695 pos · $1.79B
Feb 7, 202513F HOLDINGS REPORTQ/E Dec 2024689 pos · $1.63B
Oct 15, 202413F HOLDINGS REPORTQ/E Sep 2024691 pos · $1.59B
Aug 8, 202413F HOLDINGS REPORTQ/E Jun 2024666 pos · $1.48B
May 7, 202413F HOLDINGS REPORTQ/E Mar 2024641 pos · $1.37B
Oct 13, 202313F HOLDINGS REPORTQ/E Dec 2023594 pos · $1.11B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908736	117,736	$57.4M	6.20%
2	VANGUARD INDEX FDS	922908769	143,238	$48.0M	5.19%
3	INVESCO QQQ TR	IVZ	69,197	$42.5M	4.59%
4	APPLE INC	AAPL	155,081	$42.2M	4.55%
5	SPDR SERIES TRUST	78464A854	452,727	$36.3M	3.92%
6	MICROSOFT CORP	MSFT	71,227	$34.4M	3.72%
7	NVIDIA CORPORATION	NVDA	169,849	$31.7M	3.42%
8	VANGUARD INDEX FDS	922908363	45,256	$28.4M	3.07%
9	VANGUARD SPECIALIZED FUNDS	921908844	111,271	$24.5M	2.64%
10	FIDELITY COVINGTON TRUST	316092808	100,631	$22.6M	2.44%
11	SPDR GOLD TR	GLD	53,953	$21.4M	2.31%
12	SCHWAB STRATEGIC TR	808524797	746,643	$20.5M	2.21%
13	FIDELITY MERRIMACK STR TR	316188309	443,364	$20.4M	2.20%
14	ISHARES TR	464287200	27,391	$18.8M	2.03%
15	VANGUARD WHITEHALL FDS	921946406	128,116	$18.4M	1.99%
16	SPDR S&P 500 ETF TR	SPY	26,764	$18.3M	1.97%
17	VANGUARD BD INDEX FDS	921937835	241,743	$17.9M	1.93%
18	ISHARES TR	46434V613	374,210	$17.4M	1.88%
19	VANGUARD INTL EQUITY INDEX F	922042858	319,863	$17.2M	1.86%
20	VANGUARD STAR FDS	921909768	218,831	$16.5M	1.78%