Merit Financial Group, LLC

View all activity View 13F on SEC

Data as of Q4 2025

Institutional investor tracked via SEC 13F filings. Portfolio snapshot as of 2025-12-31.SEC EDGAR Source

Assets Under Management

$12.5B

Total Positions

1,941

New This Quarter

247

Filing Period

2025-12-31

Portfolio Allocation

Top holdings by portfolio weight

VUG3.20%

QLTY2.31%

IUSG2.19%

IUSV2.13%

MGK2.09%

AAPL1.97%

IVV1.59%

VTV1.48%

NVDA1.45%

MGV1.43%

Other16.96%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

HL8Q held

Hecla Mining Co

Avg $4.77 · $546,530 est. P&L

Est. P&L

+308.30%

AMSC13Q held

AMERICAN SUPERCONDUCTOR CORP

Avg $7.80 · $788,486 est. P&L

Est. P&L

+271.14%

FTRE3Q held

FORTREA HLDGS INC

Avg $5.15 · $330,993 est. P&L

Est. P&L

+237.45%

Top Losers

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View plans

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings(Showing 25 of 1940 — sorted by value)

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Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
VUG VANGUARD INDEX FDS	817,895	$399M	3.2%	—	$290.04	+69.53%	28 qtrs	Increased 57
QLTY 2023 ETF SERIES TRUST II	7.5M	$288.2M	2.3%	—	$32.77	+18.27%	5 qtrs	Increased 57
IUSG ISHARES TR	1.6M	$273.1M	2.2%	—	$136.36	+24.09%	11 qtrs	Increased 61
IUSV ISHARES TR	2.6M	$266.1M	2.1%	—	$89.60	+15.32%	9 qtrs	Increased 59
MGK VANGUARD WORLD FD	632,742	$261.2M	2.1%	—	$332.74	+25.02%	21 qtrs	Increased 62
AAPL Apple Inc	902,994	$245.5M	2.0%	—	$190.62	+43.12%	28 qtrs	Increased 56
IVV ISHARES TR	288,582	$197.7M	1.6%	—	$496.30	+39.01%	26 qtrs	Increased 53
VTV VANGUARD INDEX FDS	969,104	$185.1M	1.5%	—	$169.35	+13.59%	28 qtrs	Increased 52
NVDA NVIDIA Corp	969,912	$180.9M	1.5%	—	$140.60	+33.38%	28 qtrs	Increased 60
MGV VANGUARD WORLD FD	1.3M	$178.1M	1.4%	—	$124.05	+14.56%	16 qtrs	Increased 67
MSFT Microsoft Corp	367,461	$177.7M	1.4%	—	$390.70	+24.77%	28 qtrs	Increased 53
DYNF BLACKROCK ETF TRUST	2.9M	$177.7M	1.4%	—	$52.71	+16.20%	8 qtrs	Increased 56
VOO VANGUARD INDEX FDS	282,059	$176.9M	1.4%	—	$350.97	+79.99%	28 qtrs	Decreased 0
IEMG ISHARES INC	2.6M	$173.8M	1.4%	—	$59.43	+13.40%	28 qtrs	Increased 62
SPTI SPDR SERIES TRUST	5.8M	$166.1M	1.3%	—	$26.74	+7.71%	14 qtrs	Increased 51
EFV ISHARES TR	2.3M	$162.3M	1.3%	—	$58.98	+21.54%	16 qtrs	Decreased 0
AVNM AMERICAN CENTY ETF TR	1.9M	$143M	1.1%	—	$65.17	+13.05%	3 qtrs	Increased 52
USTB VICTORY PORTFOLIOS II	2.6M	$132.1M	1.1%	—	$50.01	+1.25%	5 qtrs	Increased 51
UBND VICTORY PORTFOLIOS II	5.8M	$128M	1.0%	—	$21.64	+1.30%	2 qtrs	Increased 51
MBB ISHARES TR	1.3M	$121M	1.0%	—	$87.44	+8.78%	16 qtrs	Increased 46
BINC BLACKROCK ETF TRUST II	2.2M	$117.1M	0.9%	—	$50.49	+4.17%	8 qtrs	Increased 47
CWI SPDR INDEX SHS FDS M	3.2M	$114.4M	0.9%	—	$33.42	+7.98%	16 qtrs	Increased 48
AMZN Amazon.com Inc	481,288	$111.1M	0.9%	—	$187.39	+24.09%	28 qtrs	Increased 49
QQQ INVESCO QQQ TR	177,423	$109M	0.9%	—	$433.95	+42.74%	28 qtrs	Decreased 0
VFLO VICTORY PORTFOLIOS II	2.6M	$103.8M	0.8%	—	$35.45	+11.97%	3 qtrs	Increased 46
Showing 25 of 1,940 results.PROUpgrade to see all →

Accumulation Streaks

Positions with 2+ consecutive quarters of increases — persistent directional conviction.

Security

EQWLINVESCO EXCHANGE TRADED FD T

Q1 2024 → Q4 2025+23,902 shares+$3.7M

PYPLPayPal Holdings Inc

Q1 2024 → Q4 2025+118,956 shares+$6.7M

MGVVANGUARD WORLD FD

Q1 2024 → Q4 2025+942,146 shares+$143.2M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer