MERIT FINANCIAL GROUP, LLC

Filed: 1/15/2025ACC: 0001621225-25-000002

📋 What this filing means

MERIT FINANCIAL GROUP, LLC filed this quarterly 13F‑HR report disclosing 1147 equity positions with a total reported market value of $5.57B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

1147

Positions

$5.57B

Total AUM (reported)

71.80M

Total Shares

Allocation by class

COM$1.33B23.9%

GROWTH ETF$189.15M3.4%

S&P 500 ETF SHS$185.87M3.3%

CORE S&P US VLU$166.94M3.0%

CORE MSCI EAFE$138.10M2.5%

PORTFLI INTRMDIT$125.95M2.3%

CORE S&P500 ETF$125.30M2.3%

Portfolio Concentration

Top 3$541.96M9.7%

4–10$889.11M16.0%

11–25$1.05B18.8%

Rest$3.09B55.4%

Top 3 weight

9.7%

Top 10 weight

25.7%

Voting Authority Distribution

Total shares with voting rights: 71.80M

Sole

Full voting authority

185.62K

% of voting shares0.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

71.61M

% of voting shares99.7%

Investment Discretion (by position count)

Sole1147

Shared0

Other0

Dominant voting typeNone · 99.7% of voting shares

Institutional Holdings1147

Rows:

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares460.86K

TypeSH

Market value$189.15M

3.40%

Sole

1.48K

Shared

0.00

None

459.38K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares344.95K

TypeSH

Market value$185.87M

3.34%

Sole

2.36K

Shared

0.00

None

342.60K

ISHARES TR

SOLE

CORE S&P US VLU

Shares1.80M

TypeSH

Market value$166.94M

3.00%

Sole

2.68K

Shared

0.00

None

1.80M

APPLE INC

SOLE

COM

Shares612.03K

TypeSH

Market value$153.26M

2.75%

Sole

2.50K

Shared

0.00

None

609.53K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares1.97M

TypeSH

Market value$138.10M

2.48%

Sole

4.95K

Shared

0.00

None

1.96M

SPDR SER TR

SOLE

PORTFLI INTRMDIT

Shares4.52M

TypeSH

Market value$125.95M

2.26%

Sole

8.75K

Shared

0.00

None

4.51M

ISHARES TR

SOLE

CORE S&P500 ETF

Shares212.85K

TypeSH

Market value$125.30M

2.25%

Sole

117.00

Shared

0.00

None

212.73K

INVESCO EXCH TRADED FD TR II

SOLE

S&P500 LOW VOL

Shares1.73M

TypeSH

Market value$121.18M

2.18%

Sole

2.64K

Shared

0.00

None

1.73M

2023 ETF SERIES TRUST II

SOLE

GMO US QUALITY E

Shares3.70M

TypeSH

Market value$118.35M

2.13%

Sole

5.40K

Shared

0.00

None

3.70M

UNITED PARCEL SERVICE INC

SOLE

CL B

Shares848.19K

TypeSH

Market value$106.96M

1.92%

Sole

48.00

Shared

0.00

None

848.15K

MICROSOFT CORP

SOLE

COM

Shares221.38K

TypeSH

Market value$93.31M

1.68%

Sole

2.32K

Shared

0.00

None

219.06K

VANGUARD WORLD FD

SOLE

MEGA GRWTH IND

Shares244.66K

TypeSH

Market value$84.02M

1.51%

Sole

933.00

Shared

0.00

None

243.72K

ISHARES TR

SOLE

MBS ETF

Shares910.78K

TypeSH

Market value$83.50M

1.50%

Sole

1.65K

Shared

0.00

None

909.13K

SPDR SER TR

SOLE

PORTFOLIO SH TSR

Shares2.69M

TypeSH

Market value$78.10M

1.40%

Sole

4.79K

Shared

0.00

None

2.69M

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares268.90K

TypeSH

Market value$77.93M

1.40%

Sole

4.30K

Shared

0.00

None

264.60K

ISHARES TR

SOLE

CORE S&P US GWT

Shares523.86K

TypeSH

Market value$73.00M

1.31%

Sole

426.00

Shared

0.00

None

523.44K

VANGUARD WORLD FD

SOLE

MEGA CAP VAL ETF

Shares582.47K

TypeSH

Market value$72.76M

1.31%

Sole

2.53K

Shared

0.00

None

579.94K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares134.47K

TypeSH

Market value$68.74M

1.24%

Sole

2.35K

Shared

0.00

None

132.12K

ISHARES TR

SOLE

USD INV GRDE ETF

Shares1.31M

TypeSH

Market value$65.99M

1.19%

Sole

2.63K

Shared

0.00

None

1.31M

NVIDIA CORPORATION

SOLE

COM

Shares486.40K

TypeSH

Market value$65.32M

1.17%

Sole

4.29K

Shared

0.00

None

482.11K

AMAZON COM INC

SOLE

COM

Shares283.66K

TypeSH

Market value$62.23M

1.12%

Sole

1.50K

Shared

0.00

None

282.16K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares349.50K

TypeSH

Market value$58.84M

1.06%

Sole

0.00

Shared

0.00

None

349.50K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares889.59K

TypeSH

Market value$57.89M

1.04%

Sole

1.13K

Shared

0.00

None

888.46K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares923.19K

TypeSH

Market value$53.71M

0.97%

Sole

2.06K

Shared

0.00

None

921.13K

SPDR SER TR

SOLE

PRTFLO S&P500 GW

Shares603.25K

TypeSH

Market value$53.03M

0.95%

Sole

0.00

Shared

0.00

None

603.25K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDSSOLE	GROWTH ETF	460.86K	SH	$189.15M 3.40%	1.48K	459.38K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	344.95K	SH	$185.87M 3.34%	2.36K	342.60K
ISHARES TRSOLE	CORE S&P US VLU	1.80M	SH	$166.94M 3.00%	2.68K	1.80M
APPLE INCSOLE	COM	612.03K	SH	$153.26M 2.75%	2.50K	609.53K
ISHARES TRSOLE	CORE MSCI EAFE	1.97M	SH	$138.10M 2.48%	4.95K	1.96M
SPDR SER TRSOLE	PORTFLI INTRMDIT	4.52M	SH	$125.95M 2.26%	8.75K	4.51M
ISHARES TRSOLE	CORE S&P500 ETF	212.85K	SH	$125.30M 2.25%	117.00	212.73K
INVESCO EXCH TRADED FD TR IISOLE	S&P500 LOW VOL	1.73M	SH	$121.18M 2.18%	2.64K	1.73M
2023 ETF SERIES TRUST IISOLE	GMO US QUALITY E	3.70M	SH	$118.35M 2.13%	5.40K	3.70M
UNITED PARCEL SERVICE INCSOLE	CL B	848.19K	SH	$106.96M 1.92%	48.00	848.15K
MICROSOFT CORPSOLE	COM	221.38K	SH	$93.31M 1.68%	2.32K	219.06K
VANGUARD WORLD FDSOLE	MEGA GRWTH IND	244.66K	SH	$84.02M 1.51%	933.00	243.72K
ISHARES TRSOLE	MBS ETF	910.78K	SH	$83.50M 1.50%	1.65K	909.13K
SPDR SER TRSOLE	PORTFOLIO SH TSR	2.69M	SH	$78.10M 1.40%	4.79K	2.69M
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	268.90K	SH	$77.93M 1.40%	4.30K	264.60K
ISHARES TRSOLE	CORE S&P US GWT	523.86K	SH	$73.00M 1.31%	426.00	523.44K
VANGUARD WORLD FDSOLE	MEGA CAP VAL ETF	582.47K	SH	$72.76M 1.31%	2.53K	579.94K
INVESCO QQQ TRSOLE	UNIT SER 1	134.47K	SH	$68.74M 1.24%	2.35K	132.12K
ISHARES TRSOLE	USD INV GRDE ETF	1.31M	SH	$65.99M 1.19%	2.63K	1.31M
NVIDIA CORPORATIONSOLE	COM	486.40K	SH	$65.32M 1.17%	4.29K	482.11K
AMAZON COM INCSOLE	COM	283.66K	SH	$62.23M 1.12%	1.50K	282.16K
SPDR S&P 500 ETF TRSOLE	TR UNIT	349.50K	SH	$58.84M 1.06%	0.00	349.50K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	889.59K	SH	$57.89M 1.04%	1.13K	888.46K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	923.19K	SH	$53.71M 0.97%	2.06K	921.13K
SPDR SER TRSOLE	PRTFLO S&P500 GW	603.25K	SH	$53.03M 0.95%	0.00	603.25K

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