Filed: 10/20/2025ACC: 0001621225-25-000007
📋 What this filing means
MERIT FINANCIAL GROUP, LLC filed this quarterly 13F‑HR report disclosing 1786 equity positions with a total reported market value of $10.89B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1786
Positions
$10.89B
Total AUM (reported)
153.03M
Total Shares
Allocation by class
COM$2.55B23.4%
GROWTH ETF$388.90M3.6%
GMO US QUALITY E$254.21M2.3%
CORE S&P US VLU$234.24M2.2%
CORE S&P US GWT$232.37M2.1%
SHS CREATION UNI$224.63M2.1%
MEGA GRWTH IND$216.92M2.0%
Portfolio Concentration
Top 3$877.35M8.1%
4–10$1.35B12.4%
11–25$1.91B17.5%
Rest$6.76B62.1%
Top 3 weight
8.1%
Top 10 weight
20.4%
Voting Authority Distribution
Total shares with voting rights: 153.03M
Sole
Full voting authority
242.49K
shares
% of voting shares0.2%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
152.79M
shares
% of voting shares99.8%
Investment Discretion (by position count)
Sole1786
Shared0
Other0
Dominant voting typeNone · 99.8% of voting shares
Institutional Holdings1786
Rows:
VANGUARD INDEX FDS
SOLEShares810.88K
TypeSH
Market value$388.90M
3.57%
Sole
517.00
Shared
0.00
None
810.36K
2023 ETF SERIES TRUST II
SOLEShares7.02M
TypeSH
Market value$254.21M
2.33%
Sole
8.52K
Shared
0.00
None
7.02M
ISHARES TR
SOLEShares2.34M
TypeSH
Market value$234.24M
2.15%
Sole
3.20K
Shared
0.00
None
2.34M
ISHARES TR
SOLEShares1.41M
TypeSH
Market value$232.37M
2.13%
Sole
1.65K
Shared
0.00
None
1.41M
VANGUARD WORLD FD
SOLEShares539.03K
TypeSH
Market value$216.92M
1.99%
Sole
856.00
Shared
0.00
None
538.17K
APPLE INC
SOLEShares794.47K
TypeSH
Market value$199.17M
1.83%
Sole
2.98K
Shared
0.00
None
791.49K
VANGUARD INDEX FDS
SOLEShares294.51K
TypeSH
Market value$180.35M
1.66%
Sole
2.17K
Shared
0.00
None
292.35K
ISHARES TR
SOLEShares264K
TypeSH
Market value$176.70M
1.62%
Sole
161.00
Shared
0.00
None
263.84K
MICROSOFT CORP
SOLEShares334.75K
TypeSH
Market value$173.39M
1.59%
Sole
1.45K
Shared
0.00
None
333.31K
VANGUARD INDEX FDS
SOLEShares892.91K
TypeSH
Market value$166.52M
1.53%
Sole
0.00
Shared
0.00
None
892.91K
SPDR SERIES TRUST
SOLEShares5.38M
TypeSH
Market value$155.50M
1.43%
Sole
7.63K
Shared
0.00
None
5.37M
ISHARES TR
SOLEShares2.29M
TypeSH
Market value$155.09M
1.42%
Sole
3.68K
Shared
0.00
None
2.28M
BLACKROCK ETF TRUST
SOLEShares2.49M
TypeSH
Market value$147.55M
1.36%
Sole
3.47K
Shared
0.00
None
2.49M
NVIDIA CORPORATION
SOLEShares774.63K
TypeSH
Market value$142.59M
1.31%
Sole
5.05K
Shared
0.00
None
769.58K
ISHARES TR
SOLEShares697.59K
TypeSH
Market value$135.68M
1.25%
Sole
931.00
Shared
0.00
None
696.66K
VANGUARD INDEX FDS
SOLEShares396.27K
TypeSH
Market value$130.04M
1.19%
Sole
1.98K
Shared
0.00
None
394.29K
ISHARES INC
SOLEShares1.93M
TypeSH
Market value$127.03M
1.17%
Sole
2.49K
Shared
0.00
None
1.92M
AMERICAN CENTY ETF TR
SOLEShares1.78M
TypeSH
Market value$125.86M
1.16%
Sole
2.38K
Shared
0.00
None
1.78M
VICTORY PORTFOLIOS II
SOLEShares2.43M
TypeSH
Market value$123.95M
1.14%
Sole
3.62K
Shared
0.00
None
2.43M
VICTORY PORTFOLIOS II
SOLEShares5.47M
TypeSH
Market value$120.66M
1.11%
Sole
8.26K
Shared
0.00
None
5.46M
VANGUARD WORLD FD
SOLEShares831.99K
TypeSH
Market value$114.60M
1.05%
Sole
1.35K
Shared
0.00
None
830.63K
ISHARES TR
SOLEShares1.18M
TypeSH
Market value$112.67M
1.03%
Sole
1.45K
Shared
0.00
None
1.18M
INVESCO QQQ TR
SOLEShares184.94K
TypeSH
Market value$111.03M
1.02%
Sole
2.35K
Shared
0.00
None
182.59K
BLACKROCK ETF TRUST II
SOLEShares2.01M
TypeSH
Market value$106.90M
0.98%
Sole
176.00
Shared
0.00
None
2.01M
SPDR INDEX SHS FDS
SOLEShares2.80M
TypeSH
Market value$97.62M
0.90%
Sole
3.99K
Shared
0.00
None
2.79M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | GROWTH ETF | 810.88K | SH | $388.90M 3.57% | 517.00 | 0.00 | 810.36K |
2023 ETF SERIES TRUST IISOLE | GMO US QUALITY E | 7.02M | SH | $254.21M 2.33% | 8.52K | 0.00 | 7.02M |
ISHARES TRSOLE | CORE S&P US VLU | 2.34M | SH | $234.24M 2.15% | 3.20K | 0.00 | 2.34M |
ISHARES TRSOLE | CORE S&P US GWT | 1.41M | SH | $232.37M 2.13% | 1.65K | 0.00 | 1.41M |
VANGUARD WORLD FDSOLE | MEGA GRWTH IND | 539.03K | SH | $216.92M 1.99% | 856.00 | 0.00 | 538.17K |
APPLE INCSOLE | COM | 794.47K | SH | $199.17M 1.83% | 2.98K | 0.00 | 791.49K |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 294.51K | SH | $180.35M 1.66% | 2.17K | 0.00 | 292.35K |
ISHARES TRSOLE | CORE S&P500 ETF | 264K | SH | $176.70M 1.62% | 161.00 | 0.00 | 263.84K |
MICROSOFT CORPSOLE | COM | 334.75K | SH | $173.39M 1.59% | 1.45K | 0.00 | 333.31K |
VANGUARD INDEX FDSSOLE | VALUE ETF | 892.91K | SH | $166.52M 1.53% | 0.00 | 0.00 | 892.91K |
SPDR SERIES TRUSTSOLE | PORTFLI INTRMDIT | 5.38M | SH | $155.50M 1.43% | 7.63K | 0.00 | 5.37M |
ISHARES TRSOLE | EAFE VALUE ETF | 2.29M | SH | $155.09M 1.42% | 3.68K | 0.00 | 2.28M |
BLACKROCK ETF TRUSTSOLE | ISHARES US EQUIT | 2.49M | SH | $147.55M 1.36% | 3.47K | 0.00 | 2.49M |
NVIDIA CORPORATIONSOLE | COM | 774.63K | SH | $142.59M 1.31% | 5.05K | 0.00 | 769.58K |
ISHARES TRSOLE | MSCI USA QLT FCT | 697.59K | SH | $135.68M 1.25% | 931.00 | 0.00 | 696.66K |
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 396.27K | SH | $130.04M 1.19% | 1.98K | 0.00 | 394.29K |
ISHARES INCSOLE | CORE MSCI EMKT | 1.93M | SH | $127.03M 1.17% | 2.49K | 0.00 | 1.92M |
AMERICAN CENTY ETF TRSOLE | AVANTIS ALL INT | 1.78M | SH | $125.86M 1.16% | 2.38K | 0.00 | 1.78M |
VICTORY PORTFOLIOS IISOLE | SHORT TRM BD ETF | 2.43M | SH | $123.95M 1.14% | 3.62K | 0.00 | 2.43M |
VICTORY PORTFOLIOS IISOLE | CORE INTRMEDIATE | 5.47M | SH | $120.66M 1.11% | 8.26K | 0.00 | 5.46M |
VANGUARD WORLD FDSOLE | MEGA CAP VAL ETF | 831.99K | SH | $114.60M 1.05% | 1.35K | 0.00 | 830.63K |
ISHARES TRSOLE | MBS ETF | 1.18M | SH | $112.67M 1.03% | 1.45K | 0.00 | 1.18M |
INVESCO QQQ TRSOLE | UNIT SER 1 | 184.94K | SH | $111.03M 1.02% | 2.35K | 0.00 | 182.59K |
BLACKROCK ETF TRUST IISOLE | ISHARES FLEXIBLE | 2.01M | SH | $106.90M 0.98% | 176.00 | 0.00 | 2.01M |
SPDR INDEX SHS FDSSOLE | MSCI ACWI EXUS | 2.80M | SH | $97.62M 0.90% | 3.99K | 0.00 | 2.79M |
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