# EDGAR Filing Document

**Accession Number:** 0001638520
**File Stem:** 0001725547-25-004092
**Filing Date:** 2025-10
**Character Count:** 12581
**Document Hash:** e0f7e02f01aa5fe56d0d20ff86679082
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001725547-25-004092.hdr.sgml**: 20251007

**ACCESSION NUMBER**: 0001725547-25-004092

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251007

**DATE AS OF CHANGE**: 20251007

**EFFECTIVENESS DATE**: 20251007

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GFG Capital, LLC
- **CENTRAL INDEX KEY:** 0001638520

**ORGANIZATION NAME:**
- **EIN:** 043757935

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19809
- **FILM NUMBER:** 251379454

**BUSINESS ADDRESS:**
- **STREET 1:** 701 BRICKELL AVENUE, SUITE 1400
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33131
- **BUSINESS PHONE:** (305) 810-6500

**MAIL ADDRESS:**
- **STREET 1:** 701 BRICKELL AVENUE, SUITE 1400
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33131

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** GFG Capital LLC<br>**Address:** 701 BRICKELL AVENUE SUITE 1400<br>MIAMI, FL 33131

**Form 13F File Number:** 028-19809

**CRD Number (if applicable):** 000128059

**SEC File Number (if applicable):** 801-62274

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:** VERONICA GRANATA<br>**Title:** CHIEF COMPLIANCE OFFICER<br>**Phone:** (305) 810-6500

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

/s/ Veronica Granata  Miami, FL  10-07-2025<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:** 2

**Form 13F Information Table Entry Total:** 92

**Form 13F Information Table Value Total:** $289532578

      (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.]

| No.   | Name                                | Form 13F File Number   |
|:---|:---|:---|
|  | Envestnet Asset Management Inc      | 28-13411               |
|  | Parametric Portfolio Associates LLC | 28-04558               |

### 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 |
| AB ACTIVE ETFS INC | US LOW VOLATIL | 00039J301 |  | 3092635 | 39339 | SH |  | SOLE |  | 0 | 0 | 39339 |
| ADOBE INC | COM | 00724F101 |  | 15521 | 44 | SH |  | DFND | 1 | 0 | 0 | 44 |
| ADOBE INC | COM | 00724F101 |  | 2290406 | 6493 | SH |  | SOLE |  | 0 | 0 | 6493 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 50581 | 283 | SH |  | DFND | 1 | 0 | 0 | 283 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 5916142 | 33101 | SH |  | SOLE |  | 0 | 0 | 33101 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 252561 | 1037 | SH |  | DFND | 1 | 0 | 0 | 1037 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 203851 | 837 | SH |  | SOLE |  | 0 | 0 | 837 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 13521055 | 55619 | SH |  | SOLE |  | 0 | 0 | 55619 |
| AMAZON COM INC | COM | 023135106 |  | 282806 | 1288 | SH |  | DFND | 1 | 0 | 0 | 1288 |
| AMAZON COM INC | COM | 023135106 |  | 3947429 | 17978 | SH |  | SOLE |  | 0 | 0 | 17978 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2715647 | 8176 | SH |  | SOLE |  | 0 | 0 | 8176 |
| APPLE INC | COM | 037833100 |  | 91158 | 358 | SH |  | DFND | 2 | 0 | 0 | 358 |
| APPLE INC | COM | 037833100 |  | 19189825 | 75364 | SH |  | SOLE |  | 0 | 0 | 75364 |
| AUTODESK INC | COM | 052769106 |  | 2440976 | 7684 | SH |  | SOLE |  | 0 | 0 | 7684 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 27148 | 54 | SH |  | DFND | 1 | 0 | 0 | 54 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2851039 | 5671 | SH |  | SOLE |  | 0 | 0 | 5671 |
| BLACKSTONE INC | COM | 09260D107 |  | 27507 | 161 | SH |  | DFND | 1 | 0 | 0 | 161 |
| BLACKSTONE INC | COM | 09260D107 |  | 8843760 | 51763 | SH |  | SOLE |  | 0 | 0 | 51763 |
| BROADCOM INC | COM | 11135F101 |  | 213122 | 646 | SH |  | DFND | 1 | 0 | 0 | 646 |
| CME GROUP INC | COM | 12572Q105 |  | 2285259 | 8458 | SH |  | SOLE |  | 0 | 0 | 8458 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 3190058 | 50878 | SH |  | SOLE |  | 0 | 0 | 50878 |
| CATERPILLAR INC | COM | 149123101 |  | 33878 | 71 | SH |  | DFND | 1 | 0 | 0 | 71 |
| CATERPILLAR INC | COM | 149123101 |  | 187014 | 392 | SH |  | SOLE |  | 0 | 0 | 392 |
| CITIGROUP INC | COM NEW | 172967424 |  | 13905 | 137 | SH |  | DFND | 1 | 0 | 0 | 137 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1069708 | 10539 | SH |  | SOLE |  | 0 | 0 | 10539 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 19125 | 39 | SH |  | DFND | 1 | 0 | 0 | 39 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 9325556 | 19017 | SH |  | SOLE |  | 0 | 0 | 19017 |
| DBX ETF TR | XTRACK MSCI JAPN | 233051507 |  | 371883 | 4376 | SH |  | SOLE |  | 0 | 0 | 4376 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 12363739 | 87210 | SH |  | SOLE |  | 0 | 0 | 87210 |
| EQT CORP | COM | 26884L109 |  | 2258113 | 41487 | SH |  | SOLE |  | 0 | 0 | 41487 |
| META PLATFORMS INC | CL A | 30303M102 |  | 49203 | 67 | SH |  | DFND | 2 | 0 | 0 | 67 |
| META PLATFORMS INC | CL A | 30303M102 |  | 9564235 | 13024 | SH |  | SOLE |  | 0 | 0 | 13024 |
| FIDELITY COVINGTON TRUST | LOW VOLITY ETF | 316092824 |  | 7802038 | 118446 | SH |  | SOLE |  | 0 | 0 | 118446 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 69282 | 87 | SH |  | DFND | 1 | 0 | 0 | 87 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 194450 | 244 | SH |  | SOLE |  | 0 | 0 | 244 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 29287356 | 712414 | SH |  | SOLE |  | 0 | 0 | 712414 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA EME | 381430206 |  | 6150482 | 151006 | SH |  | SOLE |  | 0 | 0 | 151006 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 |  | 22518387 | 172846 | SH |  | SOLE |  | 0 | 0 | 172846 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5090694 | 8479 | SH |  | SOLE |  | 0 | 0 | 8479 |
| INVESCO EXCH TRADED FD TR II | CHINA TECHNLGY | 46138E800 |  | 11379370 | 192838 | SH |  | SOLE |  | 0 | 0 | 192838 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 244349 | 2617 | SH |  | SOLE |  | 0 | 0 | 2617 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 551151 | 1177 | SH |  | SOLE |  | 0 | 0 | 1177 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 285795 | 2405 | SH |  | SOLE |  | 0 | 0 | 2405 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 248147 | 4060 | SH |  | SOLE |  | 0 | 0 | 4060 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 1812227 | 19048 | SH |  | SOLE |  | 0 | 0 | 19048 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 280469 | 1442 | SH |  | SOLE |  | 0 | 0 | 1442 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 37536 | 119 | SH |  | DFND | 2 | 0 | 0 | 119 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 221909 | 704 | SH |  | SOLE |  | 0 | 0 | 704 |
| KLA CORP | COM NEW | 482480100 |  | 222192 | 206 | SH |  | SOLE |  | 0 | 0 | 206 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 250739 | 9895 | SH |  | SOLE |  | 0 | 0 | 9895 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 6236 | 33 | SH |  | DFND | 1 | 0 | 0 | 33 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 513404 | 2717 | SH |  | SOLE |  | 0 | 0 | 2717 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 54606 | 96 | SH |  | DFND | 2 | 0 | 0 | 96 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 101817 | 179 | SH |  | SOLE |  | 0 | 0 | 179 |
| MICROSOFT CORP | COM | 594918104 |  | 88051 | 170 | SH |  | DFND | 2 | 0 | 0 | 170 |
| MICROSOFT CORP | COM | 594918104 |  | 3544957 | 6844 | SH |  | SOLE |  | 0 | 0 | 6844 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 3090396 | 18470 | SH |  | SOLE |  | 0 | 0 | 18470 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 667314 | 4198 | SH |  | SOLE |  | 0 | 0 | 4198 |
| NETFLIX INC | COM | 64110L106 |  | 29973 | 25 | SH |  | DFND | 2 | 0 | 0 | 25 |
| NETFLIX INC | COM | 64110L106 |  | 9283238 | 7743 | SH |  | SOLE |  | 0 | 0 | 7743 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 610117 | 3270 | SH |  | DFND | 1 | 0 | 0 | 3270 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4422398 | 23702 | SH |  | SOLE |  | 0 | 0 | 23702 |
| OKTA INC | CL A | 679295105 |  | 2061416 | 22480 | SH |  | SOLE |  | 0 | 0 | 22480 |
| ORACLE CORP | COM | 68389X105 |  | 145964 | 519 | SH |  | DFND | 1 | 0 | 0 | 519 |
| ORACLE CORP | COM | 68389X105 |  | 3118615 | 11089 | SH |  | SOLE |  | 0 | 0 | 11089 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 23213 | 114 | SH |  | DFND | 1 | 0 | 0 | 114 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2322082 | 11404 | SH |  | SOLE |  | 0 | 0 | 11404 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 33329 | 497 | SH |  | DFND | 1 | 0 | 0 | 497 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 2091400 | 31187 | SH |  | SOLE |  | 0 | 0 | 31187 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 50399 | 352 | SH |  | DFND | 1 | 0 | 0 | 352 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 15420343 | 107699 | SH |  | SOLE |  | 0 | 0 | 107699 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 11275536 | 581813 | SH |  | SOLE |  | 0 | 0 | 581813 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 241823 | 363 | SH |  | SOLE |  | 0 | 0 | 363 |
| SERVICENOW INC | COM | 81762P102 |  | 84666 | 92 | SH |  | DFND | 1 | 0 | 0 | 92 |
| SERVICENOW INC | COM | 81762P102 |  | 8225463 | 8938 | SH |  | SOLE |  | 0 | 0 | 8938 |
| BLOCK INC | CL A | 852234103 |  | 1807 | 25 | SH |  | DFND | 1 | 0 | 0 | 25 |
| BLOCK INC | CL A | 852234103 |  | 2557346 | 35386 | SH |  | SOLE |  | 0 | 0 | 35386 |
| TESLA INC | COM | 88160R101 |  | 181890 | 409 | SH |  | DFND | 1 | 0 | 0 | 409 |
| TESLA INC | COM | 88160R101 |  | 79160 | 178 | SH |  | SOLE |  | 0 | 0 | 178 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 37033 | 378 | SH |  | DFND | 1 | 0 | 0 | 378 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 9683061 | 98837 | SH |  | SOLE |  | 0 | 0 | 98837 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 299337 | 401 | SH |  | SOLE |  | 0 | 0 | 401 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 514773 | 841 | SH |  | SOLE |  | 0 | 0 | 841 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 534286 | 1114 | SH |  | SOLE |  | 0 | 0 | 1114 |
| VISA INC | COM CL A | 92826C839 |  | 48135 | 141 | SH |  | DFND | 2 | 0 | 0 | 141 |
| VISA INC | COM CL A | 92826C839 |  | 9100348 | 26658 | SH |  | SOLE |  | 0 | 0 | 26658 |
| WALMART INC | COM | 931142103 |  | 10203 | 99 | SH |  | DFND | 2 | 0 | 0 | 99 |
| WALMART INC | COM | 931142103 |  | 2291922 | 22239 | SH |  | SOLE |  | 0 | 0 | 22239 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 12823 | 52 | SH |  | DFND | 1 | 0 | 0 | 52 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 2332343 | 9458 | SH |  | SOLE |  | 0 | 0 | 9458 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 235737 | 39159 | SH |  | SOLE |  | 0 | 0 | 39159 |

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