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Asset Manager ← All Institutions

Merit Financial Group, LLC

2400 LAKEVIEW PARKWAY SUITE 550, ALPHARETTA, GA 30009 • 678-867-7050

Q2 2025 · Filed 2025-07-22
Market Value
$8.9B
+34.3%
Holdings
1,716
+291
New Purchases
345
Added To
929
Closed
55
Reduced
373
Top 10 Concentration
22.2%
Turnover
23.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VUG 4.00% 2.62% +1.39% $358M
AVNM 1.25% 0.00% +1.25% $112M
VTV 1.73% 0.49% +1.24% $155M
VFLO 0.92% 0.00% +0.92% $83M
IUSG 2.59% 2.14% +0.45% $232M
THRO 0.42% 0.00% +0.42% $38M
QLTY 2.61% 2.23% +0.38% $234M
ACWX 1.78% 1.43% +0.35% $159M
IEMG 0.92% 0.57% +0.35% $83M
SPTS 1.69% 1.37% +0.32% $151M
SCHG 0.63% 0.31% +0.32% $56M
AVGO 0.63% 0.32% +0.31% $57M
KBDC 0.30% 0.00% +0.30% $27M
VBR 0.37% 0.09% +0.28% $33M
MSFT 1.69% 1.41% +0.27% $151M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVDV 0.10% 1.02% -0.92% $9M
IUSV 2.42% 3.34% -0.92% $217M
VOO 1.90% 2.78% -0.88% $170M
AVEM 0.13% 0.78% -0.65% $12M
SPLV 0.06% 0.62% -0.56% $5M
AAPL 1.69% 2.23% -0.55% $151M
IVV 1.76% 2.23% -0.47% $158M
UPS 0.97% 1.43% -0.45% $87M
IEFA 0.65% 1.04% -0.39% $58M
EMXC 0.10% 0.47% -0.36% $9M
MBB 1.20% 1.51% -0.32% $107M
SPTI 1.64% 1.93% -0.29% $146M
SPSM 0.19% 0.47% -0.28% $17M
BND 0.75% 0.99% -0.24% $67M
DYNF 1.08% 1.30% -0.22% $97M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 72.6%
Technology 9.0%
Industrials 4.0%
Healthcare 3.1%
Consumer Cyclical 2.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 78 $2.7B 30.6%
Large Cap 827 $4.6B 51.6%
Mid Cap 456 $1.1B 12.3%
Small Cap 274 $457M 5.1%
Micro Cap 81 $37M 0.4%

Portfolio Analytics

Avg Market Cap
$60.5B
Median Market Cap
$11.2B
Avg P/E
30.6
Median P/E
21.2
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
1,053
# ETFs / Funds
663

Top Holdings (1,716 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VUG 4.00% 817,453 $358M $438.40 $184M +347,412 +73.9%
2 QLTY 2.61% 6,823,572 $234M $34.26 $85M +2,068,669 +43.5%
3 IUSG 2.59% 1,539,575 $232M $150.40 $89M +418,656 +37.4%
4 IUSV 2.42% 2,288,487 $217M $94.63 -$6M -120,976 -5.0%
5 VOO 1.90% 299,850 $170M $568.03 -$15M -60,373 -16.8%
6 ACWX 1.78% 2,611,549 $159M $60.94 $64M +898,849 +52.5%
7 IVV 1.76% 253,955 $158M $620.90 $9M -10,962 -4.1%
8 VTV 1.73% 875,974 $155M $176.74 $122M +686,148 +361.5%
9 SPTS 1.69% 5,166,476 $151M $29.29 $60M +2,034,138 +64.9%
10 AAPL 1.69% 735,881 $151M $205.17 $2M +66,014 +9.8%
11 MSFT 1.69% 303,473 $151M $497.41 $57M +52,705 +21.0%
12 SPTI 1.64% 5,089,319 $146M $28.77 $18M +589,919 +13.1%
13 MGK 1.46% 357,827 $131M $366.17 $20M -2,011 -0.6%
14 QUAL 1.34% 654,157 $120M $182.82 $32M +141,871 +27.7%
15 VTI 1.26% 370,968 $113M $303.93 $19M +30,109 +8.8%
16 AVNM 1.25% 1,712,314 $112M $65.31 +1,712,314 NEW
17 NVDA 1.24% 702,752 $111M $157.99 $41M +52,915 +8.1%
18 EFV 1.21% 1,710,720 $109M $63.48 $46M +646,795 +60.8%
19 MBB 1.20% 1,139,622 $107M $93.89 $6M +65,596 +6.1%
20 DYNF 1.08% 1,778,292 $97M $54.46 $10M -3,834 -0.2%
21 QQQ 1.02% 166,065 $92M $551.64 $17M +6,329 +4.0%
22 UPS 0.97% 860,493 $87M $100.94 -$8M -2,537 -0.3%
23 MGV 0.94% 639,168 $84M $131.20 $8M +50,431 +8.6%
24 AMZN 0.94% 381,763 $84M $219.39 $25M +70,919 +22.8%
25 IEMG 0.92% 1,375,153 $83M $60.03 $44M +669,688 +94.9%
26 VFLO 0.92% 2,333,822 $83M $35.35 +2,333,822 NEW
27 BINC 0.80% 1,348,323 $71M $52.84 $10M +178,280 +15.2%
28 BND 0.75% 910,873 $67M $73.63 $1M +13,505 +1.5%
29 EFG 0.69% 553,717 $62M $112.00 $17M +104,980 +23.4%
30 USIG 0.69% 1,202,637 $62M $51.44 $3M +50,749 +4.4%
31 IEFA 0.65% 696,657 $58M $83.48 -$11M -217,890 -23.8%
32 META 0.65% 78,407 $58M $738.09 $23M +17,433 +28.6%
33 AVGO 0.63% 205,829 $57M $275.65 $35M +77,265 +60.1%
34 SCHG 0.63% 1,916,661 $56M $29.21 $35M +1,090,799 +132.1%
35 VO 0.62% 197,035 $55M $279.83 $15M +43,089 +28.0%
36 BRK-B 0.61% 111,944 $54M $485.77 $6M +21,107 +23.2%
37 VEA 0.59% 923,302 $53M $57.01 $26M +404,759 +78.1%
38 VB 0.56% 213,314 $51M $236.98 $11M +35,428 +19.9%
39 SPYG 0.56% 525,301 $50M $95.32 $10M +27,368 +5.5%
40 SPY 0.55% 80,037 $49M $617.85 $6M +3,048 +4.0%
41 GOOGL 0.52% 262,287 $46M $176.23 $14M +55,775 +27.0%
42 JPM 0.49% 151,463 $44M $289.91 $17M +40,053 +36.0%
43 JAAA 0.48% 852,299 $43M $50.75 $7M +139,581 +19.6%
44 IYW 0.47% 240,171 $42M $173.27 $13M +33,769 +16.4%
45 GOVT 0.45% 1,745,592 $40M $22.98 $13M +584,451 +50.3%
46 VGSH 0.43% 658,087 $39M $58.78 -$2M -27,993 -4.1%
47 THRO 0.42% 1,055,592 $38M $35.58 +1,055,592 NEW
48 VYM 0.39% 259,882 $35M $133.31 $6M +38,314 +17.3%
49 VBR 0.37% 169,586 $33M $195.01 $27M +136,943 +419.5%
50 SPLG 0.37% 453,596 $33M $72.69 $3M -7,913 -1.7%
51 COST 0.36% 32,208 $32M $989.93 $11M +10,616 +49.2%
52 MINT 0.35% 313,940 $32M $100.54 $2M +16,758 +5.6%
53 MTUM 0.34% 125,976 $30M $240.32 $10M +27,830 +28.4%
54 FPEI 0.33% 1,556,456 $30M $18.99 $3M +112,753 +7.8%
55 XOM 0.33% 272,975 $29M $107.80 $2M +45,665 +20.1%
56 V 0.33% 82,839 $29M $355.05 $9M +23,809 +40.3%
57 VMBS 0.32% 625,677 $29M $46.34 $5M +97,794 +18.5%
58 JNJ 0.31% 179,717 $27M $152.75 $5M +42,294 +30.8%
59 HD 0.31% 74,452 $27M $366.64 $7M +19,389 +35.2%
60 VBK 0.30% 96,816 $27M $276.94 $21M +75,247 +348.9%
61 GOOG 0.30% 150,998 $27M $177.39 $7M +21,159 +16.3%
62 SCHO 0.30% 1,092,969 $27M $24.38 $5M +191,629 +21.3%
63 KBDC 0.30% 1,738,174 $27M $15.26 +1,738,174 NEW
64 PM 0.29% 141,757 $26M $182.13 $8M +27,593 +24.2%
65 SCHD 0.29% 968,544 $26M $26.50 -$1M +14,437 +1.5%
66 IVW 0.28% 230,405 $25M $110.10 $5M +7,811 +3.5%
67 LLY 0.28% 32,430 $25M $779.54 $4M +7,127 +28.2%
68 WMT 0.28% 253,098 $25M $97.78 $11M +93,768 +58.9%
69 TSLA 0.27% 77,109 $24M $317.66 $9M +18,171 +30.8%
70 IAGG 0.26% 463,616 $24M $51.09 $19M +375,054 +423.5%
71 SCHV 0.26% 851,158 $24M $27.67 $14M +479,673 +129.1%
72 IAU 0.24% 350,876 $22M $62.36 $8M +119,379 +51.6%
73 NFLX 0.24% 16,207 $22M $1,339.16 $9M +2,938 +22.1%
74 PG 0.24% 135,677 $22M $159.32 $3M +24,889 +22.5%
75 OEF 0.24% 70,375 $21M $304.35 -$2M -14,648 -17.2%
76 VOOG 0.24% 53,662 $21M $396.54 $3M +9 +0.0%
77 IWY 0.23% 85,249 $21M $246.51 $2M -4,277 -4.8%
78 BFC 0.23% 177,977 $21M $117.65 $4M +14,717 +9.0%
79 PLTR 0.23% 153,422 $21M $136.32 $9M +16,336 +11.9%
80 MUB 0.23% 196,403 $21M $104.48 $8M +73,431 +59.7%
81 BAI 0.21% 658,567 $19M $28.85 +658,567 NEW
82 DFAC 0.21% 521,949 $19M $35.84 $1M -10,049 -1.9%
83 QQQM 0.20% 80,589 $18M $227.10 $3M +1,612 +2.0%
84 GE 0.20% 70,494 $18M $257.39 $9M +24,885 +54.6%
85 CVX 0.20% 125,966 $18M $143.19 $2M +29,557 +30.7%
86 MA 0.20% 31,120 $17M $561.94 $4M +5,681 +22.3%
87 VTEB 0.19% 354,384 $17M $49.03 $7M +140,109 +65.4%
88 SPSM 0.19% 402,331 $17M $42.60 -$14M -368,735 -47.8%
89 RWL 0.19% 163,121 $17M $104.29 -$923K -17,419 -9.7%
90 FAST 0.19% 397,493 $17M $42.00 $5M +248,866 +167.4%
91 FTNT 0.19% 157,520 $17M $105.72 $1M -1,114 -0.7%
92 IUSB 0.18% 354,436 $16M $46.23 $305K +5,463 +1.6%
93 IVE 0.18% 83,350 $16M $195.42 $2M +7,138 +9.4%
94 ORCL 0.18% 73,873 $16M $218.63 $8M +19,139 +35.0%
95 RTX 0.17% 105,547 $15M $146.02 $6M +32,628 +44.8%
96 CSCO 0.17% 221,467 $15M $69.38 $5M +48,889 +28.3%
97 VOOV 0.17% 80,411 $15M $188.71 $161K -1,099 -1.4%
98 PEP 0.17% 114,344 $15M $132.04 $3M +36,239 +46.4%
99 BLK 0.17% 14,110 $15M $1,049.28 $2M +1,064 +8.2%
100 ABBV 0.17% 79,581 $15M $185.62 $2M +20,548 +34.8%

Options Breakdown

2 Calls $475K Call Value 3 Puts $4M Put Value 7.74 P/C Ratio

Top Calls

SymbolSharesValueStatus
ZIM 1,000,000 $312K
SOXL 17,600 $163K

Top Puts

SymbolSharesValueStatus
SPY 267,600 $3M
UPS 40,800 $213K NEW
IWM 23,500 $28K NEW

New Positions

SymbolValue% Port
AVNM $112M 1.25%
VFLO $83M 0.92%
THRO $38M 0.42%
KBDC $27M 0.30%
BAI $19M 0.21%
IBDR $6M 0.06%
ISCF $5M 0.06%
IBDS $5M 0.05%
STIP $4M 0.04%
DSTL $4M 0.04%
IBDT $4M 0.04%
TEQI $3M 0.04%
SGOV $3M 0.04%
FLQM $3M 0.03%
DFIV $3M 0.03%

Sold Out Positions

SymbolValue% Port
OGS —%
DECK —%
YETI —%
AA —%
M —%
WH —%
AEO —%
STEM —%
RYN —%
FF —%
KMT —%
KOS —%
GPK —%
S —%
ETV —%
View SEC EDGAR Filings for Merit Financial Group, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms