# Merit Financial Group, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1621225. Source: https://holderbook.com/funds/1621225-merit-financial-group-llc/

- Reported value: $32.8B
- Positions: 2,318
- Weight of the ten largest: 20.3%
- Filed: 2026-07-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $852.9M | 9,901,117 | 2.6% | 31 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $787.1M | 4,184,898 | 2.4% | 13 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $719.4M | 2,439,486 | 2.2% | 31 |
| GMO ETF TRUST | [QLTY](https://holderbook.com/stocks/QLTY/) | $703.3M | 16,898,489 | 2.1% | 7 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $655.8M | 5,953,572 | 2.0% | 11 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $640.3M | 7,283,773 | 2.0% | 23 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $615.0M | 9,042,069 | 1.9% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $601.2M | 168,093 | 1.8% | 28 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $540.2M | 3,305,108 | 1.6% | 18 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $529.5M | 706,998 | 1.6% | 28 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $524.2M | 2,603,978 | 1.6% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $444.3M | 2,038,604 | 1.4% | 31 |
| BLACKROCK ETF TRUST | [CORO](https://holderbook.com/stocks/CORO/) | $420.4M | 11,485,548 | 1.3% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $390.5M | 1,041,531 | 1.2% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $374.2M | 544,864 | 1.1% | 31 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $366.2M | 12,898,596 | 1.1% | 16 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $362.3M | 491,968 | 1.1% | 31 |
| AMERICAN CENTY ETF TR | [AVNM](https://holderbook.com/stocks/AVNM/) | $355.2M | 4,311,164 | 1.1% | 5 |
| SPDR INDEX SHS FDS | [CWI](https://holderbook.com/stocks/CWI/) | $305.1M | 7,502,620 | 0.9% | 18 |
| VICTORY PORTFOLIOS II | [USTB](https://holderbook.com/stocks/USTB/) | $297.6M | 5,879,768 | 0.9% | 7 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $295.9M | 12,987,988 | 0.9% | 18 |
| VICTORY PORTFOLIOS II | [VFLO](https://holderbook.com/stocks/VFLO/) | $295.0M | 6,449,040 | 0.9% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $292.6M | 1,220,016 | 0.9% | 31 |
| VICTORY PORTFOLIOS II | [UBND](https://holderbook.com/stocks/UBND/) | $287.4M | 13,227,690 | 0.9% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $278.2M | 614,941 | 0.8% | 19 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $277.7M | 5,305,346 | 0.8% | 10 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $271.1M | 3,272,440 | 0.8% | 31 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $271.1M | 2,867,890 | 0.8% | 18 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $269.8M | 3,348,769 | 0.8% | 21 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $243.3M | 679,465 | 0.7% | 27 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $237.2M | 4,498,476 | 0.7% | 5 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $233.4M | 3,048,369 | 0.7% | 18 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $215.2M | 581,444 | 0.7% | 28 |
| CAPITAL GROUP CORE EQUITY ET | [CGUS](https://holderbook.com/stocks/CGUS/) | $201.8M | 4,536,932 | 0.6% | 13 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $199.7M | 658,716 | 0.6% | 27 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $196.5M | 556,189 | 0.6% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $191.2M | 1,697,287 | 0.6% | 31 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $188.2M | 548,942 | 0.6% | 26 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $183.4M | 2,498,068 | 0.6% | 18 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $182.3M | 3,861,627 | 0.6% | 16 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $174.0M | 3,530,120 | 0.5% | 16 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $171.3M | 3,392,406 | 0.5% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $160.4M | 490,043 | 0.5% | 28 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $151.6M | 3,239,456 | 0.5% | 18 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $142.7M | 285,152 | 0.4% | 31 |
| GLOBAL X FDS | [SHLD](https://holderbook.com/stocks/SHLD/) | $140.0M | 2,345,212 | 0.4% | 7 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $137.2M | 1,102,578 | 0.4% | 22 |
| BLACKROCK ETF TRUST | [THRO](https://holderbook.com/stocks/THRO/) | $134.6M | 3,122,150 | 0.4% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $133.1M | 1,868,413 | 0.4% | 29 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $127.7M | 1,073,595 | 0.4% | 27 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $126.7M | 109,759 | 0.4% | 15 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $124.1M | 1,354,212 | 0.4% | 15 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $123.0M | 3,635,154 | 0.4% | 21 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $117.9M | 4,884,212 | 0.4% | 17 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $113.8M | 832,341 | 0.3% | 31 |
| CAPITAL GRP FIXED INCM ETF T | [CGCB](https://holderbook.com/stocks/CGCB/) | $112.3M | 4,290,766 | 0.3% | 6 |
| CAPITAL GRP FIXED INCM ETF T | [CGCP](https://holderbook.com/stocks/CGCP/) | $112.1M | 5,028,990 | 0.3% | 16 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $110.1M | 91,766 | 0.3% | 18 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $108.9M | 193,088 | 0.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $106.5M | 419,323 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $104.3M | 97,969 | 0.3% | 17 |
| CAPITAL GRP FIXED INCM ETF T | [CGSD](https://holderbook.com/stocks/CGSD/) | $103.2M | 4,011,412 | 0.3% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $102.3M | 903,559 | 0.3% | 27 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $102.3M | 241,508 | 0.3% | 27 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $97.3M | 2,194,080 | 0.3% | 21 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $94.9M | 2,992,186 | 0.3% | 22 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $93.2M | 589,936 | 0.3% | 17 |
| CAPITAL GROUP EQUITY ETF TR | [CGMM](https://holderbook.com/stocks/CGMM/) | $92.8M | 2,814,670 | 0.3% | 6 |
| BLACKROCK ETF TRUST | [IALT](https://holderbook.com/stocks/IALT/) | $92.2M | 3,288,180 | 0.3% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $91.4M | 126,435 | 0.3% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $89.0M | 606,700 | 0.3% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $87.3M | 903,727 | 0.3% | 28 |
| BLACKROCK ETF TRUST II | [GGOV](https://holderbook.com/stocks/GGOV/) | $84.9M | 1,688,970 | 0.3% | 1 |
| CAPITAL GROUP INTERNATIONAL | [CGIC](https://holderbook.com/stocks/CGIC/) | $84.8M | 2,330,824 | 0.3% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $84.0M | 89,744 | 0.3% | 27 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $80.0M | 137,700 | 0.2% | 21 |
| FIRST TR EXCH TRADED FD III | [FTLS](https://holderbook.com/stocks/FTLS/) | $78.0M | 1,056,670 | 0.2% | 5 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $77.4M | 719,044 | 0.2% | 18 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $76.1M | 865,640 | 0.2% | 17 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $76.0M | 346,346 | 0.2% | 28 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $74.1M | 499,577 | 0.2% | 31 |
| SEI EXCHANGE TRADED FUNDS | [SEIM](https://holderbook.com/stocks/SEIM/) | $73.3M | 1,305,576 | 0.2% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $71.2M | 201,804 | 0.2% | 31 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $70.2M | 1,388,740 | 0.2% | 18 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $68.8M | 646,120 | 0.2% | 15 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $67.7M | 896,468 | 0.2% | 21 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $65.9M | 192,094 | 0.2% | 30 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $65.2M | 150,532 | 0.2% | 7 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $65.1M | 473,346 | 0.2% | 27 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $64.8M | 551,901 | 0.2% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $64.4M | 172,307 | 0.2% | 18 |
| NEOS ETF TRUST | [QQQI](https://holderbook.com/stocks/QQQI/) | $63.5M | 1,117,888 | 0.2% | 4 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $63.2M | 1,749,906 | 0.2% | 6 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $61.8M | 254,440 | 0.2% | 23 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $61.4M | 370,174 | 0.2% | 27 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $61.3M | 1,760,650 | 0.2% | 10 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $61.0M | 605,492 | 0.2% | 13 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $61.0M | 738,500 | 0.2% | 18 |
| CAPITAL GRP FIXED INCM ETF T | [CGUI](https://holderbook.com/stocks/CGUI/) | $59.9M | 2,368,446 | 0.2% | 4 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $58.8M | 82,690 | 0.2% | 10 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.7% | +14.8% | -3.1% | 100% |
| Q1 2026 | -2.3% | -4.6% | +2.3% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.6% | 100% |
| Q3 2025 | +6.0% | +7.8% | -1.8% | 100% |
| Q2 2025 | +8.3% | +10.5% | -2.2% | 100% |
| Q1 2025 | -2.2% | -4.6% | +2.3% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.3% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $32.8B | 2,318 |
| Q1 2026 | $13.5B | 2,111 |
| Q4 2025 | $12.5B | 1,943 |
| Q3 2025 | $10.9B | 1,784 |
| Q2 2025 | $9.0B | 1,694 |
| Q1 2025 | $6.7B | 1,396 |
| Q4 2024 | $5.6B | 1,147 |
| Q3 2024 | $4.5B | 826 |
| Q2 2024 | $4.5B | 913 |
| Q1 2024 | $4.2B | 862 |
| Q4 2023 | $3.3B | 773 |
| Q3 2023 | $3.1B | 737 |