Merit Financial Group, LLC

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CIK 1621225

13F portfolio (2026-Q1)

$13.4B

Positions

2,107

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

2107

Top 5

11.1%

Top 10

18.5%

Effective N

142.8

HHI

0.007

This quarter

265 new · 0 exit →

By sector

Unclassified68.9%

Information Technology9.2%

Financials4.1%

Industrials4.1%

Consumer Discretionary3.9%

Health Care2.5%

Communication Services2.2%

Energy1.2%

Other3.9%

By market cap

Unknown69.8%

Mega (>$200B)15.5%

Large ($10–200B)13.0%

Mid ($2–10B)1.4%

Small ($300M–2B)0.3%

Micro (<$300M)0.0%

By region

Other68.9%

North America30.6%

Europe0.3%

Asia-Pacific0.2%

Middle East0.0%

Latin America0.0%

Africa0.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	69.37%	888
Semiconductors & Semiconductor Equipment	3.14%	49
Technology Hardware & Equipment	2.93%	37
Specialty Retail	2.49%	44
Software	2.23%	65
Pharmaceuticals & Biotechnology	1.95%	71
Software & IT Services	1.83%	47
Banks	1.74%	91
Machinery	1.25%	57
Oil, Gas & Consumable Fuels	1.23%	49
Utilities	1.07%	63
Commercial Services & Supplies	0.98%	55
Road & Rail	0.80%	12
Capital Markets	0.80%	45
Aerospace & Defense	0.76%	18
Insurance	0.72%	55
Chemicals	0.69%	42
Equity Real Estate Investment Trusts (REITs)	0.56%	58
Automobiles & Components	0.48%	21
Beverages	0.43%	15
Electrical Equipment & Components	0.41%	10
Hotels, Restaurants & Leisure	0.38%	22
Metals & Mining	0.36%	33
Health Care Equipment & Supplies	0.36%	29
Distributors	0.36%	26
Tobacco	0.34%	3
Diversified Telecommunication Services	0.28%	11
Media & Entertainment	0.27%	19
Construction & Engineering	0.25%	16
Communications Equipment	0.19%	10
Food Products	0.18%	20
Transportation Infrastructure	0.16%	5
Airlines	0.13%	9
Life Sciences Tools & Services	0.13%	12
Health Care Providers & Services	0.12%	16
Textiles, Apparel & Luxury Goods	0.10%	10
Food & Staples Retailing	0.10%	4
Marine	0.08%	8
Entertainment	0.07%	9
Diversified Consumer Services	0.05%	7
Professional Services	0.05%	8
Paper & Forest Products	0.05%	10
Construction Materials	0.04%	6
Real Estate Management & Development	0.03%	8
Media & Publishing	0.03%	4
Leisure Products	0.02%	3
Agricultural Products	0.02%	3
Household Durables	0.01%	4

Top holdings

#	Ticker	Name	Sector	Weight
1	VUG	VANGUARD INDEX FDS	Unclassified	2.68%
2	IUSG	ISHARES TR	Unclassified	2.25%
3	QLTY	GMO ETF TRUST	Unclassified	2.15%
4	IUSV	ISHARES TR	Unclassified	2.12%
5	AAPL	Apple Inc.	Information Technology	1.86%
6	IVV	ISHARES TR	Unclassified	1.56%
7	NVDA	NVIDIA CORP	Information Technology	1.49%
8	MGK	Vanguard Mega Cap Growth ETF	Unclassified	1.48%
9	VTV	VANGUARD INDEX FDS	Unclassified	1.46%
10	DYNF	BLACKROCK ETF TRUST	Unclassified	1.45%

1222/2107 names classified · sector 31.1% of weight · industry 30.6% · mkt cap 30.2%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 34 quarters

Information TechnologyAAPL, MSFT, NVDA, AVGO, PLTR · other

IndustrialsUPS, RTX, HON, SPGI, CAT · other

Consumer DiscretionaryAMZN, TSLA, HD, COST, WMT · other

FinancialsBRK.B, JPM, V, BLK, BFC · other

Communication ServicesMETA, GOOGL, GOOG, T, NFLX · other

Health CareJNJ, ABBV, LLY, MRK, BSX · other

Consumer StaplesPM, PEP, MO, MDLZ, SFM · other

MaterialsPG, CL, LIN, CROX, UAN · other

EnergyXOM, CVX, COP, BTU, IEP · other

UtilitiesDUK, SO, NEE, WMB, AEP · other

Real EstatePDM, OHI, PSA, ARI, MPT · other

UnclassifiedVUG, CSM, WISDOMTREE TR FLOATNG RAT TREA, IEFA, USMV · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 31.1% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 29% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (926 classified)Merit Financial Group, LLC centroid (Large Core)

Information TechnologyIndustrialsConsumer DiscretionaryFinancialsHealth CareCommunication ServicesEnergyUtilitiesMaterialsConsumer StaplesReal Estate

Style box summary for Merit Financial Group, LLC: centroid Large Core. Heaviest cells: Large Growth 9.7%, Large Core 6.9%, Large Value 5.0%.

Classified: 29.1% of book weight (926/2101 names) · unclassified 70.9%: VUG, IUSG, QLTY, IUSV, IVV, MGK, VTV, DYNF, MGV, SPTI +1165 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 2,107 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	VUGVANGUARD INDEX FDS	824,223	$360M	2.7%	HOLD
2	IUSGISHARES TR	1,954,232	$303M	2.3%	ADD 20%
3	QLTYGMO ETF TRUST	7,977,528	$289M	2.1%	ADD 6%
4	IUSVISHARES TR	2,788,906	$285M	2.1%	ADD 7%
5	AAPLAPPLE INC	985,181	$250M	1.9%	ADD 9%
6	IVVISHARES TR	321,276	$210M	1.6%	ADD 11%
7	NVDANVIDIA CORPORATION	1,145,825	$200M	1.5%	ADD 18%
8	MGKVanguard Mega Cap Growth ETF	542,393	$199M	1.5%	TRIM −14%
9	VTVVANGUARD INDEX FDS	997,691	$196M	1.5%	ADD 3%
10	DYNFBLACKROCK ETF TRUST	3,352,902	$195M	1.5%	ADD 15%
11	MGVVANGUARD WORLD FD	1,336,897	$194M	1.4%	ADD 6%
12	SPTISPDR SERIES TRUST	6,208,354	$178M	1.3%	ADD 8%
13	EFVISHARES TR	2,370,127	$176M	1.3%	ADD 4%
14	VOOVANGUARD INDEX FDS	274,941	$164M	1.2%	TRIM −3%
15	COROBLACKROCK ETF TRUST	4,981,377	$160M	1.2%	NEW
16	MSFTMICROSOFT CORP	431,780	$160M	1.2%	ADD 18%
17	AVNMAMERICAN CENTY ETF TR	2,026,345	$154M	1.1%	ADD 4%
18	USTBVICTORY PORTFOLIOS II	2,822,911	$143M	1.1%	ADD 9%
19	UBNDVICTORY PORTFOLIOS II	6,387,075	$139M	1.0%	ADD 10%
20	QQQINVESCO QQQ TR	234,335	$135M	1.0%	ADD 32%
21	IEMGISHARES INC	1,878,466	$131M	1.0%	TRIM −27%
22	MBBISHARES TR	1,363,626	$129M	1.0%	ADD 7%
23	CWISPDR INDEX SHS FDS	3,488,600	$128M	0.9%	ADD 9%
24	BINCBLACKROCK ETF TRUST II	2,374,421	$123M	0.9%	ADD 7%
25	GOVTISHARES TR	5,260,410	$121M	0.9%	ADD 107%
26	VFLOVICTORY PORTFOLIOS II	2,822,537	$111M	0.8%	ADD 7%
27	AMZNAMAZON COM INC	502,724	$105M	0.8%	ADD 4%
28	VOVANGUARD INDEX FDS	358,773	$103M	0.8%	ADD 15%
29	GOOGLALPHABET INC	338,760	$97M	0.7%	ADD 2%
30	QUALISHARES TR	501,905	$96M	0.7%	ADD 8%
31	CGUSCAPITAL GROUP CORE EQUITY ET	2,307,167	$89M	0.7%	ADD 5%
32	VTIVANGUARD INDEX FDS	275,951	$89M	0.7%	TRIM −10%
33	AVGOBROADCOM INC	283,693	$88M	0.7%	ADD 13%
34	JAAAJANUS DETROIT STR TR	1,657,452	$83M	0.6%	ADD 5%
35	BAIBLACKROCK ETF TRUST	2,517,315	$83M	0.6%	ADD 16%
36	MTUMISHARES TR	345,340	$83M	0.6%	ADD 14%
37	VBVANGUARD INDEX FDS	310,293	$81M	0.6%	ADD 8%
38	UPSUNITED PARCEL SERVICE INC	815,120	$80M	0.6%	HOLD
39	BNDVANGUARD BD INDEX FDS	1,047,183	$77M	0.6%	ADD 3%
40	CGGRCAPITAL GROUP GROWTH ETF	1,910,571	$77M	0.6%	ADD 6%
41	CGDVCAPITAL GROUP DIVIDEND VALUE	1,792,844	$76M	0.6%	ADD 2%
42	THROBLACKROCK ETF TRUST	2,065,477	$75M	0.6%	ADD 16%
43	XOMEXXON MOBIL CORP	385,315	$65M	0.5%	ADD 11%
44	VMBSVANGUARD SCOTTSDALE FDS	1,357,368	$64M	0.5%	ADD 10%
45	BRK.BBERKSHIRE HATHAWAY INC DEL	127,305	$61M	0.5%	HOLD
46	GOOGALPHABET INC	209,494	$60M	0.4%	ADD 8%
47	VEAVANGUARD TAX-MANAGED FDS	933,569	$60M	0.4%	HOLD
48	SHLDGLOBAL X FDS	839,041	$59M	0.4%	ADD 41%
49	CGCPCAPITAL GRP FIXED INCM ETF T	2,487,719	$56M	0.4%	ADD 4%
50	CGCBCAPITAL GRP FIXED INCM ETF T	2,107,722	$55M	0.4%	ADD 4%
51	METAMETA PLATFORMS INC	95,625	$55M	0.4%	TRIM −6%
52	IAUISHARES GOLD TR	595,990	$53M	0.4%	TRIM −8%
53	SCHGSCHWAB U.S. LARGE-CAP GROWTH ETF	1,802,481	$53M	0.4%	ADD 4%
54	JPMJPMORGAN CHASE & CO	177,870	$52M	0.4%	ADD 4%
55	JNJJOHNSON & JOHNSON	213,524	$52M	0.4%	ADD 10%
56	SPYGSPDR SERIES TRUST STATE STREET SPD	529,851	$52M	0.4%	HOLD
57	SPYSTATE STR SPDR S&P 500 ETF T	79,392	$52M	0.4%	HOLD
58	CGSDCAPITAL GRP FIXED INCM ETF T	1,982,361	$51M	0.4%	ADD 4%
59	SCHOSCHWAB SHORT-TERM US TREASURY ETF	2,057,653	$50M	0.4%	ADD 9%
60	IEFAISHARES TR	541,491	$49M	0.4%	TRIM −8%
61	WMTWALMART INC	393,029	$49M	0.4%	ADD 16%
62	BILSPDR SERIES TRUST	517,551	$47M	0.4%	ADD 60%
63	SCHDSCHWAB STRATEGIC TR	1,535,104	$47M	0.4%	TRIM −2%
64	IAGGISHARES TR	905,012	$45M	0.3%	ADD 16%
65	DFACDIMENSIONAL ETF TRUST	1,123,648	$44M	0.3%	ADD 113%
66	VYMVANGUARD WHITEHALL FDS	290,905	$43M	0.3%	ADD 4%
67	COSTCOSTCO WHSL CORP NEW	42,027	$42M	0.3%	ADD 20%
68	CGMMCAPITAL GROUP EQUITY ETF TR	1,404,021	$41M	0.3%	ADD 3%
69	PGPROCTER AND GAMBLE CO	284,647	$41M	0.3%	ADD 12%
70	TSLATESLA INC	109,284	$41M	0.3%	ADD 10%
71	LLYELI LILLY & CO	43,559	$40M	0.3%	ADD 15%
72	CGICCAPITAL GROUP INTERNATIONAL	1,131,539	$37M	0.3%	HOLD
73	SPYMSPDR SERIES TRUST	432,959	$33M	0.2%	TRIM −3%
74	CATCATERPILLAR INC	46,270	$33M	0.2%	ADD 9%
75	CVXCHEVRON CORP NEW	153,801	$32M	0.2%	ADD 12%
76	IJRISHARES TR	251,474	$31M	0.2%	ADD 3%
77	VBRVANGUARD INDEX FDS	141,395	$31M	0.2%	HOLD
78	FTLSFIRST TR EXCH TRADED FD III	419,457	$30M	0.2%	ADD 71%
79	CGUICAPITAL GRP FIXED INCM ETF T	1,160,126	$29M	0.2%	ADD 4%
80	EFGISHARES TR	251,742	$28M	0.2%	ADD 19%
81	VTEBVANGUARD MUN BD FDS	554,843	$28M	0.2%	ADD 96%
82	VVISA INC	91,458	$28M	0.2%	ADD 3%
83	QQQINEOS ETF TRUST	553,773	$28M	0.2%	ADD 10%
84	IVWISHARES TR	240,383	$27M	0.2%	HOLD
85	MUBISHARES TR	255,935	$27M	0.2%	ADD 12%
86	HDHOME DEPOT INC	81,318	$27M	0.2%	ADD 5%
87	IBTHISHARES TR	1,187,645	$27M	0.2%	HOLD
88	KOCOCA COLA CO	345,534	$26M	0.2%	ADD 49%
89	SEIMSEI EXCHANGE TRADED FUNDS	575,358	$26M	0.2%	ADD 512%
90	FASTFASTENAL CO	563,331	$26M	0.2%	ADD 41%
91	CGIECAPITAL GROUP INTERNATIONAL	770,904	$26M	0.2%	ADD 3%
92	SUBISHARES TR	241,506	$26M	0.2%	ADD 52%
93	VOOGVANGUARD ADMIRAL FDS INC	62,819	$26M	0.2%	ADD 16%
94	SPIBSPDR SERIES TRUST	751,276	$25M	0.2%	ADD 6%
95	IWYISHARES TR	99,559	$25M	0.2%	ADD 17%
96	SCHVSCHWAB STRATEGIC TR	804,791	$25M	0.2%	HOLD
97	PLTRPALANTIR TECHNOLOGIES INC	165,793	$24M	0.2%	TRIM −7%
98	VBKVANGUARD INDEX FDS	79,726	$24M	0.2%	TRIM −3%
99	PTLCPACER FDS TR	458,213	$24M	0.2%	ADD 4%
100	GEGE AEROSPACE	84,662	$24M	0.2%	ADD 10%
101	LRCXLAM RESEARCH CORP	112,136	$24M	0.2%	ADD 69%
102	BFCBANK FIRST CORP	176,727	$24M	0.2%	HOLD
103	IGEBISHARES TR	525,643	$24M	0.2%	ADD 13%
104	MRKMERCK & CO INC	196,841	$24M	0.2%	ADD 25%
105	RTXRTX CORPORATION	121,268	$23M	0.2%	ADD 8%
106	ABBVABBVIE INC	104,910	$23M	0.2%	ADD 12%
107	BMYBRISTOL-MYERS SQUIBB CO	368,614	$22M	0.2%	ADD 138%
108	PEPPEPSICO INC	143,441	$22M	0.2%	ADD 5%
109	MOALTRIA GROUP INC	335,656	$22M	0.2%	ADD 85%
110	PMPHILIP MORRIS INTL INC	133,694	$22M	0.2%	TRIM −3%
111	SPDWSPDR INDEX SHS FDS	479,913	$22M	0.2%	ADD 4%
112	IWFISHARES TR	51,321	$22M	0.2%	ADD 16%
113	ACWXISHARES TR	316,932	$22M	0.2%	TRIM −14%
114	RWLInvesco S&P 500 Revenue ETF	188,740	$22M	0.2%	ADD 8%
115	BNDXVANGUARD CHARLOTTE FDS	446,486	$21M	0.2%	ADD 257%
116	IVEISHARES TR	101,369	$21M	0.2%	HOLD
117	ANETARISTA NETWORKS INC	172,832	$21M	0.2%	ADD 81%
118	FNDXSCHWAB STRATEGIC TR	750,213	$21M	0.2%	TRIM −14%
119	SCHASCHWAB STRATEGIC TR	698,182	$20M	0.2%	ADD 10%
120	DIVOAMPLIFY ETF TR	428,910	$19M	0.1%	ADD 4%
121	IUSBISHARES TR	416,141	$19M	0.1%	TRIM −18%
122	SCHXSCHWAB U.S. LARGE-CAP ETF	749,201	$19M	0.1%	ADD 3%
123	USFRWISDOMTREE TR	380,923	$19M	0.1%	ADD 42%
124	XLKSELECT SECTOR SPDR TR	144,123	$19M	0.1%	ADD 20%
125	MCKMCKESSON CORP	22,000	$19M	0.1%	ADD 8%
126	NFLXNETFLIX INC	197,645	$19M	0.1%	ADD 22%
127	SPYINEOS ETF TRUST	381,394	$19M	0.1%	TRIM −10%
128	RDVIFT Vest. Ris. Div. Ach. Trg. Inc. ETF	729,089	$19M	0.1%	ADD 8%
129	CSCOCISCO SYS INC	239,687	$19M	0.1%	TRIM −9%
130	OMAHTIDAL TRUST III	1,029,862	$19M	0.1%	ADD 10%
131	JNKSPDR SER TR	192,967	$18M	0.1%	ADD 4290%
132	GSGOLDMAN SACHS GROUP INC	21,666	$18M	0.1%	ADD 5%
133	QDVOAMPLIFY ETF TR	687,572	$18M	0.1%	ADD 10%
134	USIGISHARES TR	356,337	$18M	0.1%	TRIM −73%
135	LQDISHARES TR	166,961	$18M	0.1%	ADD 238%
136	VIGVANGUARD SPECIALIZED FUNDS	83,151	$18M	0.1%	ADD 9%
137	IWMISHARES TR	70,663	$18M	0.1%	ADD 205%
138	MAMASTERCARD INCORPORATED	34,685	$17M	0.1%	TRIM −6%
139	XLESELECT SECTOR SPDR TR	281,329	$17M	0.1%	ADD 6%
140	AGGISHARES TR	173,576	$17M	0.1%	HOLD
141	RSPINVESCO EXCHANGE TRADED FD T	87,282	$17M	0.1%	ADD 421%
142	OEFISHARES TR	52,578	$17M	0.1%	TRIM −34%
143	CGNGCAPITAL GROUP NEW GEOGRAPHY	529,723	$17M	0.1%	ADD 4%
144	XLFSELECT SECTOR SPDR TR	336,549	$17M	0.1%	ADD 13%
145	MSMORGAN STANLEY	100,237	$16M	0.1%	ADD 13%
146	CBCHUBB LIMITED	50,221	$16M	0.1%	ADD 15%
147	MUMICRON TECHNOLOGY INC	48,434	$16M	0.1%	ADD 13%
148	GLDSPDR GOLD TR	37,915	$16M	0.1%	HOLD
149	CRMSALESFORCE INC	86,578	$16M	0.1%	ADD 161%
150	SGOLETFS GOLD TR	361,645	$16M	0.1%	TRIM −4%
151	USMVISHARES TR	173,406	$16M	0.1%	ADD 24%
152	SMHVANECK ETF TRUST	41,616	$16M	0.1%	HOLD
153	MCDMCDONALDS CORP	51,263	$16M	0.1%	ADD 25%
154	TAT&T INC	546,942	$16M	0.1%	ADD 14%
155	SPSMSPDR SERIES TRUST	326,417	$16M	0.1%	TRIM −5%
156	VGTVANGUARD WORLD FD	22,571	$16M	0.1%	ADD 7%
157	FVALFIDELITY COVINGTON TRUST	226,693	$16M	0.1%	TRIM −32%
158	VOOVVANGUARD ADMIRAL FDS INC	77,029	$16M	0.1%	HOLD
159	EEMISHARES TR	272,554	$15M	0.1%	ADD 556%
160	IYWISHARES TR	84,632	$15M	0.1%	TRIM −12%
161	BLKBLACKROCK INC	15,912	$15M	0.1%	ADD 9%
162	SPEMSPDR INDEX SHS FDS	326,192	$15M	0.1%	ADD 12%
163	DFIVDIMENSIONAL ETF TRUST	289,269	$15M	0.1%	ADD 292%
164	ILFISHARES TR	427,672	$15M	0.1%	ADD 2128%
165	GEVGE VERNOVA INC	17,297	$15M	0.1%	ADD 15%
166	BRK.ABERKSHIRE HATHAWAY INC DEL	21	$15M	0.1%	ADD 40%
167	TSMTAIWAN SEMICONDUCTOR MFG LTD	44,624	$15M	0.1%	ADD 4%
168	HONHONEYWELL INTL INC	66,453	$15M	0.1%	ADD 7%
169	JPIEJ P MORGAN EXCHANGE TRADED F	325,982	$15M	0.1%	ADD 5%
170	AVUVAMERICAN CENTY ETF TR	135,733	$15M	0.1%	ADD 29%
171	GDGENERAL DYNAMICS CORP	42,428	$15M	0.1%	HOLD
172	RDVYFIRST TR EXCHANGE TRADED FD	212,452	$15M	0.1%	HOLD
173	FLOTISHARES TR	283,983	$14M	0.1%	ADD 5%
174	ITOTISHARES TR	101,261	$14M	0.1%	TRIM −3%
175	AXPAMERICAN EXPRESS CO	46,933	$14M	0.1%	ADD 8%
176	IUSINVESCO EXCH TRD SLF IDX FD	244,843	$14M	0.1%	ADD 2%
177	TJXTJX COS INC NEW	88,406	$14M	0.1%	ADD 17%
178	FMDEFIDELITY COVINGTON TRUST	391,156	$14M	0.1%	ADD 67%
179	TXNTEXAS INSTRS INC	71,110	$14M	0.1%	HOLD
180	BACBANK AMERICA CORP	282,044	$14M	0.1%	ADD 13%
181	DBEFDBX ETF TR	276,423	$14M	0.1%	ADD 8%
182	QCOMQUALCOMM INC	106,015	$14M	0.1%	ADD 63%
183	EXELEXELIXIS INC	318,113	$14M	0.1%	ADD 266%
184	FTNTFORTINET INC	165,498	$14M	0.1%	ADD 3%
185	AMDADVANCED MICRO DEVICES INC	66,296	$13M	0.1%	ADD 15%
186	VONGVANGUARD SCOTTSDALE FDS	122,491	$13M	0.1%	TRIM −23%
187	WFCWELLS FARGO CO NEW	168,726	$13M	0.1%	HOLD
188	AMATAPPLIED MATLS INC	39,256	$13M	0.1%	ADD 10%
189	SPGIS&P GLOBAL INC	31,477	$13M	0.1%	ADD 15%
190	LMTLOCKHEED MARTIN CORP	21,704	$13M	0.1%	ADD 10%
191	ETNEATON CORP PLC	36,674	$13M	0.1%	ADD 13%
192	KLACKLA CORP	8,817	$13M	0.1%	ADD 7%
193	FVDFIRST TR EXCHANGE-TRADED FD	271,316	$13M	0.1%	ADD 3%
194	IBMINTERNATIONAL BUSINESS MACHS	51,754	$13M	0.1%	ADD 6%
195	UNPUNION PAC CORP	51,678	$13M	0.1%	ADD 19%
196	TLTISHARES TR	144,578	$13M	0.1%	ADD 1594%
197	CMICUMMINS INC	23,109	$12M	0.1%	ADD 15%
198	ORCLORACLE CORP	83,261	$12M	0.1%	TRIM −6%
199	DBMFLITMAN GREGORY FDS TR	402,206	$12M	0.1%	ADD 37%
200	VWOBVANGUARD WHITEHALL FDS	183,650	$12M	0.1%	ADD 98%

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

VUGVANGUARD INDEX FDS

461K

470K

817K

811K

818K

824K

$360M

IUSGISHARES TR

524K

1.1M

1.5M

1.4M

1.6M

2.0M

$303M

QLTYGMO ETF TRUST

3.7M

4.8M

6.8M

7.0M

7.5M

8.0M

$289M

IUSVISHARES TR

1.8M

2.4M

2.3M

2.6M

2.8M

$285M

AAPLAPPLE INC

612K

670K

736K

782K

903K

985K

$250M

IVVISHARES TR

213K

265K

254K

264K

289K

321K

$210M

NVDANVIDIA CORPORATION

486K

650K

703K

764K

970K

1.1M

$200M

MGKVanguard Mega Cap Growth ETF

245K

360K

358K

539K

633K

542K

$199M

VTVVANGUARD INDEX FDS

140K

190K

876K

893K

969K

998K

$196M

DYNFBLACKROCK ETF TRUST

523K

1.8M

2.5M

2.9M

3.4M

$195M

MGVVANGUARD WORLD FD

582K

589K

639K

832K

1.3M

$194M

SPTISPDR SERIES TRUST

4.5M

5.1M

5.4M

5.8M

6.2M

$178M

EFVISHARES TR

395K

1.1M

1.7M

2.3M

2.4M

$176M

VOOVANGUARD INDEX FDS

345K

360K

300K

295K

282K

275K

$164M

COROBLACKROCK ETF TRUST

—

5.0M

$160M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆Merit Financial Group, LLC

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 2,107 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Merit Financial Group, LLC