Northeast Financial Group, Inc.

Allentown, PA · CIK 1965773 · 13F filing filed 2026-05-15

SEC-registered investment adviser since 2013 · corporation

Assets managed$1.4bn
Staff1 · 1 in investment roles
Main clients (by assets)Pension plans 28%, High net worth individuals 27%, State and local governments 18%
Private funds4 · $22.4m gross assets
Form ADV · 2026-07-28SEC adviser record

Kindreal estate, structured credit, institutions
Others nearbyAllentown, PA, Reading, PA, Tannersville, PA

As an employer

Offices in1 country
Private fundsother private 1, real estate 2, securitized asset 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Allentown, PA (main office)United States	United States
Wyomissing, PAUnited States	United States	2
Tannersville, PAUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$375.8m reported value -5.7% vs Q4 2025

76positions

53.7%in top 10

4 new 12 added 53 reduced 12 sold out vs Q4 2025

Options: 1 call positions ($260.1k notional), 13 put positions ($27.9m notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Herbein Financial Group – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SCHWAB STRATEGIC TR US LRG CAP ETF SCHX	SCHX	2,141,313	$54.9m14.61%	14.61%	Added +157.8k	+157,752 8.0%
2	SCHWAB STRATEGIC TR US MID-CAP ETF SCHM	SCHM	807,726	$25.0m6.66%	6.66%	Reduced -82.7k	-82,706 -9.3%
3	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	752,372	$21.9m5.83%	5.83%	Added +17.6k	+17,573 2.4%
4	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	811,818	$20.1m5.35%	5.35%	Reduced -99.1k	-99,130 -10.9%
5	SCHWAB STRATEGIC TR US LCAP VA ETF SCHV	SCHV	549,657	$16.8m4.46%	4.46%	Reduced -56.8k	-56,763 -9.4%
6	ISHARES TR BROAD USD HIGH USHY	USHY	373,064	$13.7m3.66%	3.66%	Reduced -56.4k	-56,363 -13.1%
7	ISHARES TR NATIONAL MUN ETF MUB	MUB	121,903	$12.9m3.44%	3.44%	Reduced -29.6k	-29,586 -19.5%
8	SCHWAB STRATEGIC TR SHT TM US TRES SCHO	SCHO	522,603	$12.7m3.38%	3.38%	Reduced -71.6k	-71,633 -12.1%
9	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	133,902	$11.9m3.16%	3.16%	Added +3.5k	+3,536 2.7%
10	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	217,180	$11.7m3.13%	3.13%	Reduced -22.8k	-22,775 -9.5%
11	VANGUARD SCOTTSDALE FDS LG-TERM COR BD VCLT	VCLT	143,713	$10.7m2.86%	2.86%	Reduced -14.2k	-14,225 -9.0%
12	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	16,234	$10.6m2.81%	2.81%	Reduced -5.3k	-5,346 -24.8%
13	JANUS DETROIT STR TR HENDRSON AAA CL JAAA	JAAA	200,651	$10.1m2.69%	2.69%	Added +26.8k	+26,787 15.4%
14	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	379,803	$10.1m2.69%	2.69%	Added +247.0k	+247,047 186.1%
15	SPDR SERIES TRUST PORTFLI HIGH YLD SPHY	SPHY	429,967	$10.0m2.67%	2.67%	Added +109.5k	+109,480 34.2%
16	INVESCO ACTVELY MNGD ETC FD OPTIMUM YIELD PDBC	PDBC	512,673	$8.9m2.36%	2.36%	Reduced -20.3k	-20,341 -3.8%
17	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	150,184	$8.5m2.27%	2.27%	Reduced -30.2k	-30,161 -16.7%
18	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	310,565	$8.0m2.12%	2.12%	Reduced -16.4k	-16,418 -5.0%
19	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	258,864	$8.0m2.12%	2.12%	Reduced -24.8k	-24,812 -8.8%
20	ISHARES TR 20 YR TR BD ETF TLT	TLT	87,919	$7.6m2.03%	2.03%	Reduced -8.1k	-8,144 -8.5%
21	NEOS ETF TRUST NASDAQ 100 HIGH QQQI	QQQI	153,434	$7.6m2.03%	2.03%	New
22	ISHARES TR SHRT NAT MUN ETF SUB	SUB	66,914	$7.1m1.90%	1.90%	Reduced -17.6k	-17,642 -20.9%
23	SCHWAB STRATEGIC TR US AGGREGATE B SCHZ	SCHZ	290,058	$6.7m1.79%	1.79%	Added +37.1k	+37,141 14.7%
24	ISHARES TR CORE US AGGBD ET AGG	AGG	63,628	$6.3m1.68%	1.68%	Reduced -6.9k	-6,935 -9.8%
25	NEOS ETF TRUST NEOS S&P 500 HI SPYI	SPYI	118,594	$5.9m1.56%	1.56%	New
26	GOLDMAN SACHS ETF TR S&P 500 PREMIUM GPIX	GPIX	93,037	$4.7m1.24%	1.24%	Reduced -230.0k	-230,003 -71.2%
27	ISHARES TR RUSSELL 2000 ETF IWM	IWM	17,048	$4.2m1.13%	1.13%	Reduced -3.9k	-3,947 -18.8%
28	SPDR GOLD TR GOLD SHS GLD	GLD	8,847	$3.8m1.01%	1.01%	Reduced -612	-612 -6.5%
29	SPDR SER TR NUVEEN BLMBRG MU TFI	TFI	67,845	$3.1m0.82%	0.82%	Reduced -20.0k	-20,004 -22.8%
30	TESLA INC COM TSLA	TSLA	8,201	$3.0m0.81%	0.81%	Reduced -27	-27 -0.3%
31	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	37,341	$3.0m0.79%	0.79%	Added +4.9k	+4,933 15.2%
32	APPLE INC COM AAPL	AAPL	10,863	$2.8m0.73%	0.73%	Reduced -1.0k	-1,039 -8.7%
33	SCHWAB STRATEGIC TR US SML CAP ETF SCHA	SCHA	94,042	$2.7m0.73%	0.73%	Added +3.5k	+3,522 3.9%
34	INVESCO EXCH TRADED FD TR II NATL AMT MUNI PZA	PZA	65,599	$1.5m0.40%	0.40%	Reduced -25.6k	-25,635 -28.1%
35	NVIDIA CORPORATION COM NVDA	NVDA	8,581	$1.5m0.40%	0.40%	Reduced -760	-760 -8.1%
36	ALPHABET INC CAP STK CL A GOOGL	GOOGL	3,864	$1.1m0.30%	0.30%	Reduced -527	-527 -12.0%
37	SCHWAB STRATEGIC TR MUN BD ETF SCMB	SCMB	38,390	$978.2k0.26%	0.26%	Reduced -1.7k	-1,653 -4.1%
38	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	1,486	$888.0k0.24%	0.24%	Reduced -408	-408 -21.5%
39	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	17,620	$826.7k0.22%	0.22%	Reduced -2.1k	-2,141 -10.8%
40	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	15,467	$812.9k0.22%	0.22%	Reduced -1.5k	-1,475 -8.7%
41	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	2,338	$750.1k0.20%	0.20%	Reduced -5.8k	-5,750 -71.1%
42	AMAZON COM INC COM AMZN	AMZN	3,559	$741.2k0.20%	0.20%	Reduced -1.1k	-1,149 -24.4%
43	ALPHABET INC CAP STK CL C GOOG	GOOG	2,522	$723.5k0.19%	0.19%	Reduced -222	-222 -8.1%
44	MICROSOFT CORP COM MSFT	MSFT	1,564	$580.0k0.15%	0.15%	Reduced -687	-687 -30.5%
45	PPL CORP COM PPL	PPL	14,806	$565.6k0.15%	0.15%	Unchanged
46	ELI LILLY & CO COM LLY	LLY	573	$527.0k0.14%	0.14%	Reduced -50	-50 -8.0%
47	JOHNSON & JOHNSON COM JNJ	JNJ	1,863	$455.6k0.12%	0.12%	Reduced -268	-268 -12.6%
48	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	5,993	$441.3k0.12%	0.12%	Reduced -323	-323 -5.1%
49	MICROSTRATEGY INC CL A NEW MSTR	MSTR	3,500	$436.8k0.12%	0.12%	Unchanged
50	ETFS GOLD TR PHYSCL GOLD SHS SGOL	SGOL	9,670	$431.5k0.11%	0.11%	Added +717	+717 8.0%
51	COSTCO WHSL CORP NEW COM COST	COST	415	$414.2k0.11%	0.11%	Reduced -21	-21 -4.8%
52	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	3,474	$390.0k0.10%	0.10%	Unchanged
53	WALMART INC COM WMT	WMT	3,135	$389.6k0.10%	0.10%	Reduced -279	-279 -8.2%
54	CNB FINL CORP PA COM CCNE	CCNE	13,284	$384.7k0.10%	0.10%	Unchanged
55	PNC FINL SVCS GROUP INC COM PNC	PNC	1,708	$355.6k0.09%	0.09%	Reduced -61	-61 -3.5%
56	NETFLIX INC COM NFLX	NFLX	3,637	$349.7k0.09%	0.09%	Added +17	+17 0.5%
57	VANGUARD INDEX FDS MID CAP ETF VO	VO	1,165	$334.7k0.09%	0.09%	Reduced -260	-260 -18.2%
58	DIMENSIONAL ETF TRUST US CORE EQUITY 2 DFAC	DFAC	8,344	$324.3k0.09%	0.09%	Reduced -20.7k	-20,726 -71.3%
59	VANGUARD ADMIRAL FDS INC 500 GRTH IDX F VOOG	VOOG	784	$319.7k0.09%	0.09%	Reduced -14	-14 -1.8%
60	MARATHON PETE CORP COM MPC	MPC	1,308	$319.4k0.08%	0.08%	Unchanged
61	HERSHEY CO COM HSY	HSY	1,518	$315.7k0.08%	0.08%	Unchanged
62	COCA COLA CO COM KO	KO	3,726	$283.4k0.08%	0.08%	Reduced -127	-127 -3.3%
63	ISHARES TR 1 3 YR TREAS BD SHY	SHY	3,326	$274.7k0.07%	0.07%	Reduced -303	-303 -8.3%
64	DIGITAL RLTY TR INC COM DLR	DLR	1,500	$270.3k0.07%	0.07%	Reduced -14	-14 -0.9%
65	INVESCO EXCH TRD SLF IDX FD INVSCO BLSH 28 BSCS	BSCS	13,170	$269.0k0.07%	0.07%	New
66	ISHARES TR ESG ADV TTL USD EUSB	EUSB	6,027	$262.2k0.07%	0.07%	Unchanged
67	ISHARES TR CORE DIV GRWTH DGRO	DGRO	3,552	$249.5k0.07%	0.07%	Reduced -1.1k	-1,142 -24.3%
68	HOME DEPOT INC COM HD	HD	740	$243.6k0.06%	0.06%	Reduced -167	-167 -18.4%
69	SPDR SER TR PORTFOLIO LN TSR SPTL	SPTL	9,005	$236.9k0.06%	0.06%	Reduced -233	-233 -2.5%
70	MCDONALDS CORP COM MCD	MCD	760	$236.2k0.06%	0.06%	Reduced -10	-10 -1.3%
71	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	484	$231.9k0.06%	0.06%	Reduced -245	-245 -33.6%
72	META PLATFORMS INC CL A META	META	377	$215.7k0.06%	0.06%	Reduced -26	-26 -6.5%
73	ORACLE CORP COM ORCL	ORCL	1,428	$210.2k0.06%	0.06%	Reduced -161	-161 -10.1%
74	PEPSICO INC COM PEP	PEP	1,327	$206.1k0.05%	0.05%	New
75	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	2,635	$203.2k0.05%	0.05%	Reduced -650	-650 -19.8%
76	ALTIMMUNE INC COM NEW ALT	ALT	13,641	$42.0k0.01%	0.01%	Added +248	+248 1.9%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
NPK INTERNATIONAL INC NPKI	NPKI	65,902	$785.6k65.9k shares
SELECT SECTOR SPDR TR XLK	XLK	4,548	$655.0k4.5k shares
ISHARES TR IEFA	IEFA	6,956	$622.7k7.0k shares
ISHARES TR CMF	CMF	8,807	$506.1k8.8k shares
AMERIPRISE FINL INC AMP	AMP	734	$359.9k734 shares
BROADCOM INC AVGO	AVGO	921	$318.8k921 shares
ISHARES TR NYF	NYF	5,513	$295.0k5.5k shares
VANGUARD SCOTTSDALE FDS VGSH	VGSH	4,585	$269.3k4.6k shares
DIMENSIONAL ETF TRUST DFAX	DFAX	7,797	$255.2k7.8k shares
PROCTER AND GAMBLE CO PG	PG	1,619	$232.1k1.6k shares
INVESCO QQQ TR QQQ	QQQ	361	$221.8k361 shares
BARINGS BDC INC BBDC	BBDC	14,686	$134.8k14.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	22,800	$14.8m22.8k shares	Reduced
ISHARES TR IWM · Put	IWM	Put	26,800	$6.6m26.8k shares	Reduced
APPLE INC AAPL · Put	AAPL	Put	7,300	$1.9m7.3k shares	Unchanged
TESLA INC TSLA · Put	TSLA	Put	4,400	$1.6m4.4k shares	Unchanged
NVIDIA CORPORATION NVDA · Put	NVDA	Put	5,000	$872.0k5.0k shares	Unchanged
ALPHABET INC GOOGL · Put	GOOGL	Put	2,100	$603.9k2.1k shares	Unchanged
ALPHABET INC GOOG · Put	GOOG	Put	1,700	$487.7k1.7k shares	Unchanged
WALMART INC WMT · Put	WMT	Put	2,600	$323.1k2.6k shares	Reduced
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	400	$260.1k400 shares	New
MICROSTRATEGY INC MSTR · Put	MSTR	Put	1,800	$224.6k1.8k shares	Unchanged
HOME DEPOT INC HD · Put	HD	Put	500	$164.4k500 shares	Unchanged
MICROSOFT CORP MSFT · Put	MSFT	Put	400	$148.1k400 shares	Unchanged
HERSHEY CO HSY · Put	HSY	Put	400	$83.2k400 shares	Unchanged
AMAZON COM INC AMZN · Put	AMZN	Put	300	$62.5k300 shares	Unchanged