Merit Financial Group, LLC

Registered adviser

CIK

1621225

Location

ALPHARETTA, GA

Portfolio Value

Large $16,356,578,052

Diversification

Diversified

Reports for

Orion Custom Indexing ACM (Advisor Capital Management) AQR Capital Management Nuveen Parametric Zacks Investment Management City National Rochdale (CNR) Atlanta Capital Management

+ 7 more

Fiera Capital Inc. Natixis UMA SpiderRock Advisors Aperio Vanguard Direct Indexing RJA Asset Management, LLC Dimensional Fund Advisors

Filing Date

Global Rank

#394 / 8,819 ▲ 24

Top Industry

Semiconductors 11.6%

Period ended 4 months ago

Filed Jul 20, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 142457

Roster of Oct 1, 2026

Regulatory AUM

$23,875,298,692

Main clients

Individuals and high net worth (75% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$23,875,298,692	Individuals and high net worth (75%)
Mar 2025 to Mar 2026	$10,576,048,244	Individuals and high net worth (88%)
Apr 2024 to Feb 2025	$7,252,133,507	Individuals and high net worth (99%)
May 2023 to Mar 2024	$5,522,570,668	Individuals and high net worth (98%)
Apr 2023	$5,522,570,668	Individuals and high net worth (98%)
May 2022 to Mar 2023	$3,681,709,925	Individuals and high net worth (98%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 46.6%, 23.7 effective positions, active share 56.6% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

18.0% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.2 quarters (12+), a floor since 30.0% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 56.6%; sector active share 53.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

2,311 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

16.0%

−1.3 pts

Top 5

35.6%

−0.8 pts

Top 10

46.1%

+0.2 pts

HHI

411

Diversified−39

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	66.8%	$10,918,546,168	766
Technology	10.7%	$1,755,879,908	244
Financial Services	5.1%	$832,356,771	337
Industrials	4.0%	$652,646,712	204
Consumer Cyclical	3.0%	$483,290,095	149
Healthcare	2.8%	$454,469,786	188
Communication Services	2.4%	$385,915,929	67
Consumer Defensive	1.9%	$317,819,459	72
Energy	1.2%	$202,982,479	76
Utilities	0.9%	$143,151,244	53
Real Estate	0.8%	$123,163,554	85
Basic Materials	0.5%	$86,355,947	70

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VUG	VANGUARD GROWTH INDEX FUND	+4,126,335	4,950,558	$426,441,063
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	+3,099,494	3,641,887	$320,158,284
VO	VANGUARD MID-CAP INDEX FUND	+1,315,611	1,674,384	$134,905,116
GOVT	iShares U.S. Treasury Bond ETF	+1,233,584	6,493,994	$147,933,181
DYNF	iShares U.S. Equity Factor Rotation Active ETF	+1,168,133	4,521,035	$307,475,588
VOD	Vodafone Group Public Ltd Co	+777,475	788,577	$10,432,870
CORO		+761,397	5,742,774	$210,185,527
BUFR	FT Vest Laddered Buffer ETF	+573,709	759,755	$27,753,850
IBTJ	iShares iBonds Dec 2029 Term Treasury ETF	+570,188	588,260	$12,735,829
—		+471,716	8,449,244	$351,657,534
OILK	ProShares K-1 Free Crude Oil ETF	+425,134	457,123	$21,708,771
VFLO	VictoryShares Free Cash Flow ETF	+401,983	3,224,520	$147,521,789
SCHO	Schwab Short-Term U.S. Treasury ETF	+384,453	2,442,106	$58,952,438
SHLD	Global X Defense Tech ETF	+333,565	1,172,606	$70,016,304
MGV	VANGUARD MEGA CAP VALUE INDEX FUND	+315,657	1,652,554	$270,109,949
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	+306,431	369,250	$30,507,433
EFG	iShares MSCI EAFE Growth ETF	+299,547	551,289	$68,591,377
BINC		+278,252	2,652,673	$138,840,903
CWI	Spdr Index Shares Funds	+262,710	3,751,310	$152,565,775
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	+262,360	1,619,728	$75,819,465
SCHF	Schwab International Equity ETF	+251,845	713,975	$19,777,106
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	+250,252	302,746	$30,519,823
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	+240,944	6,449,298	$183,095,567
AAPL	Apple Inc.	+234,561	1,219,742	$352,944,539
INMU		+228,297	481,235	$11,669,948
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
EFV	iShares MSCI EAFE Value ETF	−845,942	1,524,185	$116,676,361
IAGG	iShares Core International Aggregate Bond ETF	−814,659	90,353	$4,571,861
THRO		−504,402	1,561,075	$67,297,942
IBTH	iShares iBonds Dec 2027 Term Treasury ETF	−475,260	712,385	$15,936,052
QUAL	iShares MSCI USA Quality Factor ETF	−328,732	173,173	$37,999,351
FPEI	First Trust Institutional Preferred Securities and Income ETF	−318,465	175,242	$3,380,417
FNDX	Schwab Fundamental U.S. Large Company ETF	−317,520	432,693	$13,456,751
BAI	BlackRock ETF Trust	−268,077	2,249,238	$118,579,827
IEMG	iShares Trust	−242,246	1,636,220	$135,544,464
EXEL	Exelixis, Inc.	−233,479	84,634	$4,604,933
PTLC	Pacer Trendpilot US Large Cap ETF	−190,951	267,262	$15,570,682
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	−190,039	166,298	$8,529,424
JNK	State Street(R) SPDR(R) Bloomberg High Yield Bond ETF	−188,513	4,454	$429,231
IAU	Ishares Gold Trust	−147,756	448,234	$33,846,148
FAST	Fastenal Co	−128,805	434,526	$20,870,277
IQDG	WisdomTree International Quality Dividend Growth Fund	−117,146	83,672	$3,604,589
JPST	JPMorgan Ultra-Short Income ETF	−104,418	120,095	$6,073,203
AGGY	WisdomTree Trust	−98,410	9,622	$418,364
IEFA	iShares Core MSCI EAFE ETF	−89,627	451,864	$43,641,023
ADT	ADT Inc.	−80,302	42,335	$275,175
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	−77,744	198,679	$10,853,832
HPE	Hewlett Packard Enterprise Co	−73,903	66,811	$3,013,841
USHY	iShares Broad USD High Yield Corporate Bond ETF	−73,828	69,783	$2,583,366
MTUM	iShares MSCI USA Momentum Factor ETF	−70,869	274,471	$94,096,892
PYPL	PayPal Holdings, Inc.	−70,039	114,587	$4,947,862
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
IALT		1,644,090	$46,116,724
GGOV		844,485	$42,469,150
HAP	VanEck Natural Resources ETF	146,855	$10,075,721
HONA	Honeywell Aerospace Inc.	26,932	$5,954,122
SPCX	Space Exploration Technologies Corp	29,992	$5,124,431
FLHY	Franklin High Yield Corporate ETF	109,664	$2,663,738
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	118,014	$2,427,547
PFXF	VanEck Preferred Securities ex Financials ETF	135,637	$2,419,764
MRNA	Moderna, Inc.	25,205	$1,765,104
WAL	Western Alliance Bancorporation	18,593	$1,528,341
FDXF	FedEx Freight Holding Company, Inc.	9,828	$1,484,028
IYM	iShares U.S. Basic Materials ETF	8,260	$1,482,917
DLHC	DLH Holdings Corp.	252,416	$1,325,183
SUSB	iShares ESG Aware 1-5 Year USD Corporate Bond ETF	45,441	$1,135,570
U	Unity Software Inc.	38,808	$1,109,129
CORT	Corcept Therapeutics Inc	11,908	$1,035,397
DDFZ		49,830	$966,203
CGHY	Capital Group High Yield Bond ETF	37,843	$958,563
MXL	Maxlinear, Inc	6,807	$871,498
CPB	CAMPBELL'S Co	33,564	$747,467
VNO	Vornado Realty Trust	18,661	$733,374
HOMB	Home Bancshares Inc	25,507	$728,223
RVMD	Revolution Medicines, Inc.	3,787	$709,227
ECG	Everus Construction Group, Inc.	3,869	$642,057
PRXG	Praxis Mutual Funds	16,280	$635,245
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
TLTP	Amplify TLT U.S. Treasury 12% Option Income ETF	383,759	$8,212,442
—		54,735	$1,923,409
—		6,097	$1,084,475
WEX	WEX Inc.	7,044	$1,078,011
PCOR	Procore Technologies, Inc.	18,501	$1,054,557
QTPI	North Square RCIM Tax-Advantaged Preferred and	41,304	$1,047,097
FPE	First Trust Preferred Securities and Income ETF	54,096	$960,204
JGRO	JPMorgan Active Growth ETF	10,950	$925,494
ANGL	VanEck Fallen Angel High Yield Bond ETF	31,027	$891,095
—		12,799	$831,191
FALN	iShares Fallen Angels USD Bond ETF	28,718	$767,344
—		7,652	$709,110
TRU	TransUnion	9,898	$684,841
VPLS	VANGUARD CORE-PLUS BOND ETF	8,342	$647,247
SKYW	Skywest Inc	4,903	$450,241
GMED	Globus Medical Inc	5,182	$446,479
ARQT	Arcutis Biotherapeutics, Inc.	18,852	$444,152
OLLI	Ollie's Bargain Outlet Holdings, Inc.	4,594	$422,831
SAM	Boston Beer Co Inc	1,834	$422,553
—		2,416	$415,709
TS	Tenaris SA	6,959	$404,872
CPNG	Coupang, Inc.	21,377	$403,594
—		8,305	$388,093
REYN	Reynolds Consumer Products Inc.	18,268	$386,915
—		6,102	$355,381
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,311 tracked positions · $16,356,578,052 total · filing declares 10,700 positions · $16,381,119,841 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 2,311 positions by value · page 1 of 47

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VUG	VANGUARD GROWTH INDEX FUND	Added	4,950,558	+4,126,335	$426,441,063	+18.5%	26+	before history	2.61%
IUSG	iShares Core S&P U.S. Growth ETF	Added	2,092,449	+138,217	$393,568,730	+29.8%	13	unpriced	2.41%
AAPL	Apple Inc. PUT + SHARES Technology	Added	1,243,042	+233,561	$359,686,627	+43.7%	26+	before history	2.20%
		Added	8,449,244	+471,716	$351,657,534	+21.8%	7	$33.43	2.15%
IUSV	iShares Core S&P U.S. Value ETF	Added	2,976,786	+187,880	$327,892,976	+15.0%	11	unpriced	2.00%
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	Added	3,641,887	+3,099,494	$320,158,284	—	23	unpriced	1.96%
DYNF	iShares U.S. Equity Factor Rotation Active ETF	Added	4,521,035	+1,168,133	$307,475,588	+57.6%	10	$57.08	1.88%
SPY	Spdr S&P 500 ETF Trust PUT CALL + SHARES	Added	402,547	+18,955	$300,610,022	+389.3%	26+	before history	1.84%
MGV	VANGUARD MEGA CAP VALUE INDEX FUND	Added	1,652,554	+315,657	$270,109,949	—	18	unpriced	1.65%
IVV	iShares Core S&P 500 ETF	Added	353,499	+32,223	$264,731,864	+26.1%	26+	before history	1.62%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	Added	1,309,989	+164,164	$262,115,695	+31.2%	26+	before history	1.60%
VTV	VANGUARD VALUE INDEX FUND	Added	1,019,302	+21,611	$222,136,483	+13.5%	26+	before history	1.36%
CORO		Added	5,742,774	+761,397	$210,185,527	+31.2%	2	$33.26	1.29%
MSFT	Microsoft Corp PUT + SHARES Technology	Added	523,366	+91,586	$195,225,978	+22.1%	26+	before history	1.19%
VOO	VANGUARD 500 INDEX FUND	Reduced	272,432	-2,509	$187,109,020	+13.9%	26+	before history	1.14%
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	Added	6,449,298	+240,944	$183,095,567	+2.9%	16	unpriced	1.12%
QQQ	Invesco Qqq Trust, Series 1	Added	245,984	+11,649	$181,142,616	+33.9%	26+	before history	1.11%
AVNM	Avantis All International Markets Equity ETF	Added	2,155,582	+129,237	$177,576,844	+15.1%	5	$64.21	1.09%
CWI	Spdr Index Shares Funds	Added	3,751,310	+262,710	$152,565,775	+19.5%	18	unpriced	0.93%
USTB	VictoryShares Short-Term Bond ETF	Added	2,939,884	+116,973	$148,816,926	+4.2%	7	$50.81	0.91%
GOVT	iShares U.S. Treasury Bond ETF	Added	6,493,994	+1,233,584	$147,933,181	+22.7%	18	unpriced	0.90%
VFLO	VictoryShares Free Cash Flow ETF	Added	3,224,520	+401,983	$147,521,789	+32.4%	5	$35.61	0.90%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	Added	613,908	+111,184	$146,318,827	+39.7%	26+	before history	0.89%
UBND	VictoryShares Core Plus Bond ETF	Added	6,613,845	+226,770	$143,685,781	+3.3%	4	$21.87	0.88%
AVGO	Broadcom Inc. PUT CALL + SHARES Technology	Added	368,272	+24,579	$139,114,744	+56.8%	19	$235.54	0.85%
BINC		Added	2,652,673	+278,252	$138,840,903	+12.6%	10	$52.58	0.85%
IEMG	iShares Trust	Reduced	1,636,220	-242,246	$135,544,464	—	26+	before history	0.83%
MBB	iShares MBS ETF	Added	1,433,945	+70,319	$135,536,480	+4.7%	18	unpriced	0.83%
VO	VANGUARD MID-CAP INDEX FUND	Added	1,674,384	+1,315,611	$134,905,116	+30.9%	21	unpriced	0.82%
GOOGL	Alphabet Inc. CALL + SHARES Communication Services	Added	340,433	+1,673	$121,660,535	+24.9%	26+	before history	0.74%
BAI	BlackRock ETF Trust	Reduced	2,249,238	-268,077	$118,579,827	+43.0%	5	$30.71	0.72%
EFV	iShares MSCI EAFE Value ETF	Reduced	1,524,185	-845,942	$116,676,361	−33.8%	18	unpriced	0.71%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	290,722	+14,771	$107,578,767	+21.5%	26+	before history	0.66%
CGUS	Capital Group Core Equity ETF	Reduced	2,268,466	-38,701	$100,901,367	+13.8%	13	$38.05	0.62%
VB	Vanguard Index Funds	Added	329,358	+19,065	$99,834,995	+22.8%	26+	before history	0.61%
GOOG	Alphabet Inc. Communication Services	Added	278,095	+68,601	$98,259,302	+63.5%	26+	before history	0.60%
UPS	United Parcel Service Inc PUT + SHARES Industrials	Added	889,443	+33,523	$95,615,120	+19.0%	26+	before history	0.58%
MTUM	iShares MSCI USA Momentum Factor ETF	Reduced	274,471	-70,869	$94,096,892	+13.5%	26+	before history	0.58%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	1,249,034	+201,851	$91,691,584	+18.9%	18	$73.01	0.56%
CGGR	Capital Group Growth ETF	Added	1,930,814	+20,243	$91,134,419	+18.7%	16	$41.01	0.56%
CGDV	Capital Group Dividend Value ETF	Reduced	1,765,060	-27,784	$86,982,155	+14.0%	16	$39.68	0.53%
JAAA	Janus Henderson AAA CLO ETF	Added	1,696,203	+38,751	$85,641,287	+2.6%	12	$50.64	0.52%
JPM	Jpmorgan Chase & Co Financial Services	Added	245,022	+67,152	$80,203,044	+53.3%	26+	before history	0.49%
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	Added	1,619,728	+262,360	$75,819,465	+19.0%	18	$46.58	0.46%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	142,576	+15,271	$71,343,599	+16.9%	26+	before history	0.44%
SHLD	Global X Defense Tech ETF	Added	1,172,606	+333,565	$70,016,304	+17.8%	7	unpriced	0.43%
EFG	iShares MSCI EAFE Growth ETF	Added	551,289	+299,547	$68,591,377	+144.7%	22	unpriced	0.42%
THRO		Reduced	1,561,075	-504,402	$67,297,942	−10.0%	5	$35.15	0.41%
VEA	Vanguard FTSE Developed Markets ETF	Added	934,207	+638	$66,562,246	+11.3%	26+	before history	0.41%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Added	536,798	+6,947	$63,873,591	+23.1%	26+	before history	0.39%

Showing the top 50 of 2,311 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.