# EDGAR Filing Document

**Accession Number:** 0001919749
**File Stem:** 0001104659-25-081781
**Filing Date:** 2025-8
**Character Count:** 16124
**Document Hash:** 9dabbee3be089155cd0257be46ccf31a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-081781.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001104659-25-081781

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**EFFECTIVENESS DATE**: 20250822

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Carter Financial Group, INC.
- **CENTRAL INDEX KEY:** 0001919749

**ORGANIZATION NAME:**
- **EIN:** 364339370
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22446
- **FILM NUMBER:** 251244988

**BUSINESS ADDRESS:**
- **STREET 1:** 222 S. COOK ST.
- **CITY:** BARRINGTON
- **STATE:** IL
- **ZIP:** 60010
- **BUSINESS PHONE:** 847-713-2700

**MAIL ADDRESS:**
- **STREET 1:** 222 S. COOK ST.
- **CITY:** BARRINGTON
- **STATE:** IL
- **ZIP:** 60010

### 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:** Carter Financial Group INC.<br>**Address:** 222 S. Cook St.<br>Barrington, IL 60010

**Form 13F File Number:** 028-22446

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:** Kevin Carter<br>**Title:** President<br>**Phone:** 847-713-2700

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

/s/ Kevin Carter  Barrington, IL  08-15-2025<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:** 116

**Form 13F Information Table Value Total:** $152902136

      (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 |
| Apple Inc | COM | 037833100 |  | 5222861 | 25456 | SH |  | SOLE |  | 0 | 0 | 25456 |
| AbbVie Inc | COM | 00287Y109 |  | 215774 | 1162 | SH |  | SOLE |  | 0 | 0 | 1162 |
| iShares Core US Aggregate Bond ETF | CORE US AGGBD ET | 464287226 |  | 407743 | 4110 | SH |  | SOLE |  | 0 | 0 | 4110 |
| VistaShares Artfcl Intlgc Supercycle ETF | VISTASHARES ARTI | 45259A845 |  | 211275 | 7512 | SH |  | SOLE |  | 0 | 0 | 7512 |
| Amgen Inc | COM | 031162100 |  | 623109 | 2249 | SH |  | SOLE |  | 0 | 0 | 2249 |
| Amazon.com Inc | COM | 023135106 |  | 1992719 | 9083 | SH |  | SOLE |  | 0 | 0 | 9083 |
| Arista Networks Inc | COM | 040413106 |  | 813876 | 7955 | SH |  | SOLE |  | 0 | 0 | 7955 |
| Broadcom Inc | COM | 11135F101 |  | 340675 | 1236 | SH |  | SOLE |  | 0 | 0 | 1236 |
| Avantis US Small Cap Value ETF | US SML CP VALU | 025072877 |  | 232983 | 2557 | SH |  | SOLE |  | 0 | 0 | 2557 |
| American Express Co | COM | 025816109 |  | 549772 | 1724 | SH |  | SOLE |  | 0 | 0 | 1724 |
| AstraZeneca PLC ADR | SPONSORED ADR | 046353108 |  | 223620 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| Bank of America Corp | COM | 060505104 |  | 329995 | 6974 | SH |  | SOLE |  | 0 | 0 | 6974 |
| abrdn Blmb AllCmdStrK1Fr ETF | BBRG ALL COMD K1 | 003261104 |  | 984083 | 47380 | SH |  | SOLE |  | 0 | 0 | 47380 |
| Bitwise Bitcoin ETF | SHS BEN INT | 09174C104 |  | 7627129 | 130178 | SH |  | SOLE |  | 0 | 0 | 130178 |
| Cambria Global Real Estate ETF | GBL REAL EST ETF | 132061813 |  | 3653298 | 146343 | SH |  | SOLE |  | 0 | 0 | 146343 |
| Amplify Transformational Data Shrg ETF | BLOCKCHAIN LDR | 032108607 |  | 7661661 | 134156 | SH |  | SOLE |  | 0 | 0 | 134156 |
| NEOS Enhanced Income Aggregate Bond ETF | NEOS ENHCD INME | 78433H402 |  | 4132953 | 87319 | SH |  | SOLE |  | 0 | 0 | 87319 |
| Vanguard Total International Bond ETF | TOTAL INT BD ETF | 92203J407 |  | 1179590 | 23825 | SH |  | SOLE |  | 0 | 0 | 23825 |
| Berkshire Hathaway Inc Class B | COM | 084670207 |  | 20757263 | 42731 | SH |  | SOLE |  | 0 | 0 | 42731 |
| Citigroup Inc | COM NEW | 172967424 |  | 234853 | 2759 | SH |  | SOLE |  | 0 | 0 | 2759 |
| Pacer US Small Cap Cash Cows 100 ETF | PACER US SMALL | 69374H857 |  | 3866993 | 97124 | SH |  | SOLE |  | 0 | 0 | 97124 |
| Carrier Global Corp Ordinary Shares | COM | 14448C104 |  | 296038 | 4045 | SH |  | SOLE |  | 0 | 0 | 4045 |
| Caterpillar Inc | COM | 149123101 |  | 247257 | 637 | SH |  | SOLE |  | 0 | 0 | 637 |
| Constellation Energy Corp | COM | 21037T109 |  | 338125 | 1048 | SH |  | SOLE |  | 0 | 0 | 1048 |
| Check Point Software Technologies Ltd | ORD | M22465104 |  | 210409 | 951 | SH |  | SOLE |  | 0 | 0 | 951 |
| CIM Real Estate Finance Trust Inc | COM | 12558Q103 |  | 66620 | 12762 | SH |  | SOLE |  | 0 | 0 | 12762 |
| Capital One Financial Corp | COM | 14040H105 |  | 263669 | 1241 | SH |  | SOLE |  | 0 | 0 | 1241 |
| Coinbase Global Inc Ordinary Shares - Class A | COM CL A | 19260Q107 |  | 562887 | 1606 | SH |  | SOLE |  | 0 | 0 | 1606 |
| Costco Wholesale Corp | COM | 22160K105 |  | 208467 | 211 | SH |  | SOLE |  | 0 | 0 | 211 |
| Cresco Labs Inc | COM | 22587M106 |  | 7503 | 14605 | SH |  | SOLE |  | 0 | 0 | 14605 |
| NEOS Enhanced Income CA Alt ETF | NEOS ENH INC 1-3 | 78433H501 |  | 475503 | 9562 | SH |  | SOLE |  | 0 | 0 | 9562 |
| Carlisle Companies Inc | COM | 142339100 |  | 222924 | 599 | SH |  | SOLE |  | 0 | 0 | 599 |
| Xtrackers MSCI EAFE Hedged Equity ETF | XTRACK MSCI EAFE | 233051200 |  | 5869329 | 134156 | SH |  | SOLE |  | 0 | 0 | 134156 |
| BNY Mellon High Yield Strategies Fund | SH BEN INT | 09660L105 |  | 50252 | 19328 | SH |  | SOLE |  | 0 | 0 | 19328 |
| Amplify CWP Enhanced Dividend Income ETF | CWP ENHANCED DIV | 032108409 |  | 7340100 | 172505 | SH |  | SOLE |  | 0 | 0 | 172505 |
| iShares JP Morgan USD Em Mkts Bd ETF | JPMORGAN USD EMG | 464288281 |  | 710264 | 7669 | SH |  | SOLE |  | 0 | 0 | 7669 |
| Ford Motor Co | COM | 345370860 |  | 158320 | 14773 | SH |  | SOLE |  | 0 | 0 | 14773 |
| Federal National Mortgage Association Fannie Mae | COM | 313586109 |  | 100170 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| Gabelli Financial Services Opp ETF | FINL SVCS OPPTYS | 36261K400 |  | 2881591 | 60729 | SH |  | SOLE |  | 0 | 0 | 60729 |
| GE Aerospace | COM | 369604301 |  | 236648 | 919 | SH |  | SOLE |  | 0 | 0 | 919 |
| Alphabet Inc Class C | COM CL C | 02079K107 |  | 1992602 | 11233 | SH |  | SOLE |  | 0 | 0 | 11233 |
| Alphabet Inc Class A | COM CL A | 02079K305 |  | 1437680 | 8158 | SH |  | SOLE |  | 0 | 0 | 8158 |
| The Goldman Sachs Group Inc | COM | 38141G104 |  | 305196 | 433 | SH |  | SOLE |  | 0 | 0 | 433 |
| FlexShares Mstar Glbl Upstrm Nat Res ETF | MORNSTAR UPSTR | 33939L407 |  | 200284 | 4993 | SH |  | SOLE |  | 0 | 0 | 4993 |
| The Home Depot Inc | COM | 437076102 |  | 225988 | 616 | SH |  | SOLE |  | 0 | 0 | 616 |
| iShares Core International Aggt Bd ETF | CORE INTL AGGR | 46435G672 |  | 379037 | 7419 | SH |  | SOLE |  | 0 | 0 | 7419 |
| iShares Biotechnology ETF | ISHARES BIOTECH | 464287556 |  | 299813 | 2370 | SH |  | SOLE |  | 0 | 0 | 2370 |
| International Business Machines Corp | COM | 459200101 |  | 425842 | 1446 | SH |  | SOLE |  | 0 | 0 | 1446 |
| Amplify Online Retail ETF | ONLIN RETL ETF | 032108102 |  | 450973 | 6533 | SH |  | SOLE |  | 0 | 0 | 6533 |
| iShares Core MSCI EAFE ETF | CORE MSCI EAFE | 46432F842 |  | 478876 | 5736 | SH |  | SOLE |  | 0 | 0 | 5736 |
| iShares Core MSCI Emerging Markets ETF | CORE MSCI EMKT | 46434G103 |  | 353877 | 5895 | SH |  | SOLE |  | 0 | 0 | 5895 |
| Intel Corp | COM | 458140100 |  | 240546 | 10739 | SH |  | SOLE |  | 0 | 0 | 10739 |
| iShares US Aerospace  Defense ETF | US AER DEF ETF | 464288760 |  | 284477 | 1508 | SH |  | SOLE |  | 0 | 0 | 1508 |
| iShares Core S Total US Stock Mkt ETF | CORE S TTL STK | 464287150 |  | 391827 | 2902 | SH |  | SOLE |  | 0 | 0 | 2902 |
| Illinois Tool Works Inc | COM | 452308109 |  | 1100556 | 4424 | SH |  | SOLE |  | 0 | 0 | 4424 |
| iShares Russell 1000 ETF | RUS 1000 ETF | 464287622 |  | 640704 | 1887 | SH |  | SOLE |  | 0 | 0 | 1887 |
| iShares Russell 2000 ETF | RUSSELL 2000 ETF | 464287655 |  | 283381 | 1313 | SH |  | SOLE |  | 0 | 0 | 1313 |
| iShares Russell 3000 ETF | RUSSELL 3000 ETF | 464287689 |  | 1093203 | 3115 | SH |  | SOLE |  | 0 | 0 | 3115 |
| Janus Henderson Mortgage-Backed Sec ETF | HENDERSON MTG | 47103U852 |  | 1734349 | 38498 | SH |  | SOLE |  | 0 | 0 | 38498 |
| Johnson  Johnson | COM | 478160104 |  | 288435 | 1905 | SH |  | SOLE |  | 0 | 0 | 1905 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 610663 | 2106 | SH |  | SOLE |  | 0 | 0 | 2106 |
| JPMorgan Ultra-Short Income ETF | ULTRA SHRT INC | 46641Q837 |  | 1796516 | 35448 | SH |  | SOLE |  | 0 | 0 | 35448 |
| KBS Real Estate Investment Trust III Inc Ordinary Shares | COM | 48668L105 |  | 98178 | 25239 | SH |  | SOLE |  | 0 | 0 | 25239 |
| Lennox International Inc | COM | 526107107 |  | 310855 | 541 | SH |  | SOLE |  | 0 | 0 | 541 |
| Labor Smart Inc | COM | 50541A108 |  | 6400 | 8000000 | SH |  | SOLE |  | 0 | 0 | 8000000 |
| Mastercard Inc Class A | COM CL A | 57636Q104 |  | 209974 | 374 | SH |  | SOLE |  | 0 | 0 | 374 |
| iShares MBS ETF | MBS ETF | 464288588 |  | 1099685 | 11712 | SH |  | SOLE |  | 0 | 0 | 11712 |
| McDonald's Corp | COM | 580135101 |  | 298915 | 1023 | SH |  | SOLE |  | 0 | 0 | 1023 |
| Meta Platforms Inc Class A | COM CL A | 30303M102 |  | 632133 | 856 | SH |  | SOLE |  | 0 | 0 | 856 |
| 3M Co | COM | 88579Y101 |  | 313286 | 2068 | SH |  | SOLE |  | 0 | 0 | 2068 |
| Microsoft Corp | COM | 594918104 |  | 3317916 | 6677 | SH |  | SOLE |  | 0 | 0 | 6677 |
| NGL Energy Partners LP | COM UNIT REPST | 62913M107 |  | 277076 | 64889 | SH |  | SOLE |  | 0 | 0 | 64889 |
| NVIDIA Corp | COM | 67066G104 |  | 4266008 | 27000 | SH |  | SOLE |  | 0 | 0 | 27000 |
| Northwest Bancshares Inc | COM | 667340103 |  | 198442 | 15528 | SH |  | SOLE |  | 0 | 0 | 15528 |
| Oracle Corp | COM | 68389X105 |  | 1155326 | 5284 | SH |  | SOLE |  | 0 | 0 | 5284 |
| Pacific Oak Strategic Opportunity REIT Inc Ordinary Shares | REAL ESTATE INVESTME | 694701103 |  | 248280 | 43406 | SH |  | SOLE |  | 0 | 0 | 43406 |
| Palantir Technologies Inc Ordinary Shares - Class A | CL A | 69608A108 |  | 1971596 | 14463 | SH |  | SOLE |  | 0 | 0 | 14463 |
| Invesco Aerospace  Defense ETF | AEROSPACE DEFN | 46137V100 |  | 1540925 | 10875 | SH |  | SOLE |  | 0 | 0 | 10875 |
| Qualcomm Inc | COM | 747525103 |  | 209752 | 1317 | SH |  | SOLE |  | 0 | 0 | 1317 |
| Invesco QQQ Trust | UNIT SER 1 | 46090E103 |  | 2267939 | 4107 | SH |  | SOLE |  | 0 | 0 | 4107 |
| Invesco NASDAQ 100 ETF | NASDAQ 100 ETF | 46138G649 |  | 11054756 | 48678 | SH |  | SOLE |  | 0 | 0 | 48678 |
| Defiance Quantum ETF | DEFIANCE QUANT | 26922A420 |  | 274999 | 2995 | SH |  | SOLE |  | 0 | 0 | 2995 |
| RTX Corp | COM | 75513E101 |  | 574430 | 3952 | SH |  | SOLE |  | 0 | 0 | 3952 |
| SAP SE ADR | SPON ADR | 803054204 |  | 312544 | 1028 | SH |  | SOLE |  | 0 | 0 | 1028 |
| Schwab International Small-Cap Eq ETF (TM) | INTL SCEQT ETF | 808524888 |  | 2126348 | 49926 | SH |  | SOLE |  | 0 | 0 | 49926 |
| Schwab Emerging Markets Equity ETF (TM) | EMRG MKTEQ ETF | 808524706 |  | 207268 | 6877 | SH |  | SOLE |  | 0 | 0 | 6877 |
| Schwab US REIT ETF (TM) | US REIT ETF | 808524847 |  | 1467740 | 69364 | SH |  | SOLE |  | 0 | 0 | 69364 |
| Schwab US TIPS ETF (TM) | US TIPS ETF | 808524870 |  | 373841 | 14012 | SH |  | SOLE |  | 0 | 0 | 14012 |
| Schwab US Large-Cap ETF (TM) | US LRG CAP ETF | 808524201 |  | 301143 | 12322 | SH |  | SOLE |  | 0 | 0 | 12322 |
| Global X Defense Tech ETF | DEFENSE TECH ETF | 37960A529 |  | 1620417 | 26842 | SH |  | SOLE |  | 0 | 0 | 26842 |
| SPDR (R) S 600 Small Cap Value ETF | S 600 SMCP VAL | 78464A300 |  | 917506 | 11503 | SH |  | SOLE |  | 0 | 0 | 11503 |
| VanEck Semiconductor ETF | SEMICONDUCTR ETF | 92189F676 |  | 1071666 | 3843 | SH |  | SOLE |  | 0 | 0 | 3843 |
| Zacks Small/Mid Cap ETF | SMALL/MID CAP | 98888G204 |  | 555169 | 16382 | SH |  | SOLE |  | 0 | 0 | 16382 |
| Snap-on Inc | COM | 833034101 |  | 528261 | 1709 | SH |  | SOLE |  | 0 | 0 | 1709 |
| SPDR (R) Portfolio Interm Term Corp Bd ETF | PORTFOLIO INTRMD | 78464A375 |  | 391816 | 11668 | SH |  | SOLE |  | 0 | 0 | 11668 |
| SPDR (R) S 500 (R) ETF | TR UNIT | 78462F103 |  | 1241578 | 2005 | SH |  | SOLE |  | 0 | 0 | 2005 |
| AT Inc | COM | 00206R102 |  | 289025 | 9987 | SH |  | SOLE |  | 0 | 0 | 9987 |
| Tesla Inc | COM | 88160R101 |  | 1466675 | 4617 | SH |  | SOLE |  | 0 | 0 | 4617 |
| iShares Broad USD High Yield Corp Bd ETF | BROAD USD HIGH | 46435U853 |  | 452385 | 12060 | SH |  | SOLE |  | 0 | 0 | 12060 |
| Visa Inc Class A | COM CL A | 92826C839 |  | 426350 | 1203 | SH |  | SOLE |  | 0 | 0 | 1203 |
| Vanguard Small-Cap ETF | SMALL CP ETF | 922908751 |  | 271531 | 1142 | SH |  | SOLE |  | 0 | 0 | 1142 |
| Vanguard Interm-Term Corp Bd ETF | INT-TERM CORP | 92206C870 |  | 902529 | 10884 | SH |  | SOLE |  | 0 | 0 | 10884 |
| Vanguard Short-Term Corporate Bond ETF | SHRT TRM CORP BD | 92206C409 |  | 458457 | 5767 | SH |  | SOLE |  | 0 | 0 | 5767 |
| Vanguard FTSE Developed Markets ETF | VAN FTSE DEV MKT | 921943858 |  | 532140 | 9334 | SH |  | SOLE |  | 0 | 0 | 9334 |
| Vanguard Intmdt-Term Trs ETF | INTER TERM TREAS | 92206C706 |  | 788608 | 13185 | SH |  | SOLE |  | 0 | 0 | 13185 |
| Vanguard Short-Term Treasury ETF | SHORT TERM TREAS | 92206C102 |  | 474834 | 8078 | SH |  | SOLE |  | 0 | 0 | 8078 |
| Vanguard Mortgage-Backed Secs ETF | MTG-BKD SECS ETF | 92206C102 |  | 246091 | 5311 | SH |  | SOLE |  | 0 | 0 | 5311 |
| Vanguard S 500 ETF | S 500 ETF SHS | 922908363 |  | 923000 | 1625 | SH |  | SOLE |  | 0 | 0 | 1625 |
| Vanguard Russell 2000 ETF | VNG RUS2000IDX | 92206C664 |  | 483150 | 5539 | SH |  | SOLE |  | 0 | 0 | 5539 |
| Vanguard FTSE Emerging Markets ETF | FTSE EMR MKT ETF | 922042858 |  | 2375063 | 48020 | SH |  | SOLE |  | 0 | 0 | 48020 |
| Vanguard Emerging Mkts Govt Bd ETF | EM MK GOV BD ETF | 921946885 |  | 320738 | 4908 | SH |  | SOLE |  | 0 | 0 | 4908 |
| Walmart Inc | COM | 931142103 |  | 905283 | 9258 | SH |  | SOLE |  | 0 | 0 | 9258 |
| Exxon Mobil Corp | COM | 30231G102 |  | 1175055 | 11001 | SH |  | SOLE |  | 0 | 0 | 11001 |
| ERShares Private-Public Crossover ETF | ERSHARES PRIVATE | 293828877 |  | 497256 | 26048 | SH |  | SOLE |  | 0 | 0 | 26048 |
| Block Inc Class A | CL A | 852234103 |  | 463079 | 6817 | SH |  | SOLE |  | 0 | 0 | 6817 |
| Zacks Earnings Consistent ETF | EARNGS CONSTANT | 98888G105 |  | 1485593 | 46556 | SH |  | SOLE |  | 0 | 0 | 46556 |

---