# EDGAR Filing Document

**Accession Number:** 0000764611
**File Stem:** 0000764611-25-000004
**Filing Date:** 2025-7
**Character Count:** 12411
**Document Hash:** ad338d7218a52f2bd45c95e3f469d68f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000764611-25-000004.hdr.sgml**: 20250716

**ACCESSION NUMBER**: 0000764611-25-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250716

**DATE AS OF CHANGE**: 20250716

**EFFECTIVENESS DATE**: 20250716

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARKANSAS FINANCIAL GROUP, INC.
- **CENTRAL INDEX KEY:** 0000764611

**ORGANIZATION NAME:**
- **EIN:** 710561670
- **STATE OF INCORPORATION:** AR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17010
- **FILM NUMBER:** 251126845

**BUSINESS ADDRESS:**
- **STREET 1:** 1001 N. UNIVERSITY AVE.
- **STREET 2:** SUITE 200
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72207
- **BUSINESS PHONE:** 5013769051

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 7757
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72217

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RESOURCE PLANNING GROUP INC                             /ADV
- **DATE OF NAME CHANGE:** 19880926

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARKANSAS FINANCIAL GROUP INC                            /ADV
- **DATE OF NAME CHANGE:** 19850314

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ARKANSAS FINANCIAL GROUP INC.<br>**Address:** P.O. BOX 7757<br>LITTLE ROCK, AR 72217

**Form 13F File Number:** 028-17010

**CRD Number (if applicable):** 000104808

**SEC File Number (if applicable):** 801-23922

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mary McCraw<br>**Title:** Chief Compliance Officer<br>**Phone:** (501) 376-9051

**Signature, Place, and Date of Signing:**

Mary McCraw  Little Rock, AR  07-16-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 81

**Form 13F Information Table Value Total:** $646567586

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 321733 | 1695 | SH |  | SOLE | 0 | 0 | 0 | 1695 |
| ALPS ETF TR | RIVRFRNT STR INC | 00162Q783 |  | 2769338 | 119755 | SH |  | SOLE | 0 | 0 | 0 | 119755 |
| AMAZON COM INC | COM | 023135106 |  | 550045 | 2508 | SH |  | SOLE | 0 | 0 | 0 | 2508 |
| APPLE INC | COM | 037833100 |  | 1777662 | 8465 | SH |  | SOLE | 0 | 0 | 0 | 8465 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 |  | 592666 | 11404 | SH |  | SOLE | 0 | 0 | 0 | 11404 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1463923 | 3066 | SH |  | SOLE | 0 | 0 | 0 | 3066 |
| DAVIS FUNDAMENTAL ETF TR | SELECT FINL | 23908L108 |  | 1968992 | 45243 | SH |  | SOLE | 0 | 0 | 0 | 45243 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 317791 | 2783 | SH |  | SOLE | 0 | 0 | 0 | 2783 |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 315912808 |  | 4002656 | 49815 | SH |  | SOLE | 0 | 46 | 0 | 49769 |
| FIRST TR EXCH TRADED FD III | MANAGD MUN ETF | 33739N108 |  | 6211958 | 124613 | SH |  | SOLE | 0 | 0 | 0 | 124613 |
| FIRST TR EXCHANGE TRADED FD | MATERIALS ALPH | 33734X168 |  | 232539 | 3901 | SH |  | SOLE | 0 | 0 | 0 | 3901 |
| FIRST TR EXCHANGE-TRADED FD | COM SHS ANNUAL | 33718M105 |  | 12765007 | 174678 | SH |  | SOLE | 0 | 183 | 0 | 174495 |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 33733B100 |  | 4329415 | 39363 | SH |  | SOLE | 0 | 133 | 0 | 39230 |
| FLEXSHARES TR | MORNSTAR UPSTR | 33939L407 |  | 8034548 | 196973 | SH |  | SOLE | 0 | 450 | 0 | 196523 |
| HOME BANCSHARES INC | COM | 436893200 |  | 271346 | 9127 | SH |  | SOLE | 0 | 0 | 0 | 9127 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 338757 | 4668 | SH |  | SOLE | 0 | 0 | 0 | 4668 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 1475047 | 6488 | SH |  | SOLE | 0 | 0 | 0 | 6488 |
| INVESCO EXCHANGE TRADED FD T | S EQL FIN | 46137V340 |  | 2857813 | 37396 | SH |  | SOLE | 0 | 121 | 0 | 37275 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 30188424 | 54656 | SH |  | SOLE | 0 | 0 | 0 | 54656 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 1418843 | 22789 | SH |  | SOLE | 0 | 0 | 0 | 22789 |
| ISHARES INC | MSCI GBL MIN VOL | 464286525 |  | 1374718 | 11663 | SH |  | SOLE | 0 | 0 | 0 | 11663 |
| ISHARES INC | JP MRG EM CRP BD | 464286251 |  | 687232 | 15248 | SH |  | SOLE | 0 | 122 | 0 | 15126 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 499445 | 8313 | SH |  | SOLE | 0 | 0 | 0 | 8313 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 13486160 | 212682 | SH |  | SOLE | 0 | 364 | 0 | 212318 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 7277920 | 142844 | SH |  | SOLE | 0 | 134 | 0 | 142710 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2156332 | 25893 | SH |  | SOLE | 0 | 0 | 0 | 25893 |
| ISHARES TR | CORE 1 5 YR USD | 46432F859 |  | 6624469 | 137067 | SH |  | SOLE | 0 | 0 | 0 | 137067 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 3945284 | 42173 | SH |  | SOLE | 0 | 0 | 0 | 42173 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 16367571 | 310698 | SH |  | SOLE | 0 | 0 | 0 | 310698 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 16331760 | 159381 | SH |  | SOLE | 0 | 56 | 0 | 159325 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 18379037 | 172817 | SH |  | SOLE | 0 | 0 | 0 | 172817 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 202334 | 2441 | SH |  | SOLE | 0 | 0 | 0 | 2441 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 387436 | 6850 | SH |  | SOLE | 0 | 34 | 0 | 6816 |
| ISHARES TR | RESIDENTIAL MULT | 464288562 |  | 2577444 | 31310 | SH |  | SOLE | 0 | 0 | 0 | 31310 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 231261 | 1962 | SH |  | SOLE | 0 | 0 | 0 | 1962 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 7429780 | 71351 | SH |  | SOLE | 0 | 0 | 0 | 71351 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 34567533 | 659812 | SH |  | SOLE | 0 | 0 | 0 | 659812 |
| ISHARES TR | U.S. PHARMA ETF | 464288836 |  | 477228 | 7185 | SH |  | SOLE | 0 | 0 | 0 | 7185 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 11847986 | 192713 | SH |  | SOLE | 0 | 632 | 0 | 192081 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 213498 | 2591 | SH |  | SOLE | 0 | 0 | 0 | 2591 |
| ISHARES TR | MICRO-CAP ETF | 464288869 |  | 7758640 | 58631 | SH |  | SOLE | 0 | 310 | 0 | 58321 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 1664312 | 14983 | SH |  | SOLE | 0 | 0 | 0 | 14983 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 16922096 | 155064 | SH |  | SOLE | 0 | 0 | 0 | 155064 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 70052977 | 1104762 | SH |  | SOLE | 0 | 815 | 0 | 1103947 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 6381912 | 56971 | SH |  | SOLE | 0 | 0 | 0 | 56971 |
| ISHARES TR | CORE S ETF | 464287200 |  | 37122961 | 59556 | SH |  | SOLE | 0 | 0 | 0 | 59556 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 4933997 | 51981 | SH |  | SOLE | 0 | 0 | 0 | 51981 |
| ISHARES TR | DOW JONES US ETF | 464287846 |  | 2609105 | 17215 | SH |  | SOLE | 0 | 0 | 0 | 17215 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 6183933 | 109334 | SH |  | SOLE | 0 | 26 | 0 | 109308 |
| ISHARES TR | NORTH AMERN NAT | 464287374 |  | 1546413 | 34017 | SH |  | SOLE | 0 | 0 | 0 | 34017 |
| ISHARES TR | U.S. FIN SVC ETF | 464287770 |  | 9985187 | 116174 | SH |  | SOLE | 0 | 0 | 0 | 116174 |
| ISHARES U S ETF TR | GSCI CMDTY STGY | 46431W853 |  | 1880657 | 71318 | SH |  | SOLE | 0 | 575 | 0 | 70743 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 248641 | 1596 | SH |  | SOLE | 0 | 0 | 0 | 1596 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 813613 | 2877 | SH |  | SOLE | 0 | 0 | 0 | 2877 |
| MCDONALDS CORP | COM | 580135101 |  | 320545 | 1099 | SH |  | SOLE | 0 | 0 | 0 | 1099 |
| MICROSOFT CORP | COM | 594918104 |  | 817933 | 1647 | SH |  | SOLE | 0 | 0 | 0 | 1647 |
| NEWSMAX INC | COM SHS CLASS B | 65250K105 |  | 327287 | 20610 | SH |  | SOLE | 0 | 0 | 0 | 20610 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 567065 | 2171 | SH |  | SOLE | 0 | 0 | 0 | 2171 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 371200 | 2320 | SH |  | SOLE | 0 | 0 | 0 | 2320 |
| ORACLE CORP | COM | 68389X105 |  | 203312 | 867 | SH |  | SOLE | 0 | 0 | 0 | 867 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 222768 | 766 | SH |  | SOLE | 0 | 0 | 0 | 766 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 6522994 | 215636 | SH |  | SOLE | 0 | 0 | 0 | 215636 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 306072 | 13862 | SH |  | SOLE | 0 | 0 | 0 | 13862 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 1558875 | 54659 | SH |  | SOLE | 0 | 0 | 0 | 54659 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 1909961 | 72156 | SH |  | SOLE | 0 | 1374 | 0 | 70782 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 215515 | 7889 | SH |  | SOLE | 0 | 0 | 0 | 7889 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 3841238 | 92739 | SH |  | SOLE | 0 | 168 | 0 | 92571 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 102086108 | 230766 | SH |  | SOLE | 0 | 0 | 0 | 230766 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 5608709 | 9041 | SH |  | SOLE | 0 | 0 | 0 | 9041 |
| SPDR SERIES TRUST | PORTFOLIO CRPORT | 78464A144 |  | 15909606 | 551268 | SH |  | SOLE | 0 | 83 | 0 | 551185 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 4825720 | 110454 | SH |  | SOLE | 0 | 12 | 0 | 110442 |
| SPDR SERIES TRUST | PORTFOLIO SHORT | 78464A474 |  | 36230162 | 1206867 | SH |  | SOLE | 0 | 1351 | 0 | 1205516 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 802998 | 14445 | SH |  | SOLE | 0 | 0 | 0 | 14445 |
| SPDR SERIES TRUST | S SEMICNDCTR | 78464A862 |  | 1172181 | 4448 | SH |  | SOLE | 0 | 0 | 0 | 4448 |
| VANECK ETF TRUST | AGRIBUSINESS ETF | 92189F700 |  | 833389 | 11152 | SH |  | SOLE | 0 | 0 | 0 | 11152 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 6287824 | 127827 | SH |  | SOLE | 0 | 307 | 0 | 127520 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 44711873 | 158519 | SH |  | SOLE | 0 | 113 | 0 | 158406 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1070352 | 12010 | SH |  | SOLE | 0 | 0 | 0 | 12010 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 575985 | 9856 | SH |  | SOLE | 0 | 0 | 0 | 9856 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 13375670 | 19927 | SH |  | SOLE | 0 | 25 | 0 | 19902 |
| WALMART INC | COM | 931142103 |  | 834869 | 8599 | SH |  | SOLE | 0 | 0 | 0 | 8599 |

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