MERCER GLOBAL ADVISORS INC /ADV
Long book
$67.58B
Q1 2026
Positions
3213
Top-10 weight
37%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsMERCER GLOBAL ADVISORS INC /ADV is a wealth-management firm allocating client money, running a $67.58B US long book across 3213 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE U.S. AGGREGATE, VANGUARD SHORT-TERM BOND ETF, VANGUARD S&P 500 ETF, DIMENSIONAL US CORE EQUITY 2, VANGUARD FTSE DEVELOPED ETF.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.4%
Q2 2024
+5.5%
Q3 2024
-0.7%
Q4 2024
-0.9%
Q1 2025
+8.2%
Q2 2025
+5.8%
Q3 2025
+2.5%
Q4 2025
-0.7%
Q1 2026
+11.3%
Sector allocation
Technology 39%
Financials 13%
Industrials 13%
Consumer discretionary 9%
Healthcare 8%
Services media 4%
Energy 4%
Other 3%
Long book by quarter
What does MERCER GLOBAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 6.7M | $1.68B | 2.5% | +1.0% |
| NVDA NVIDIA CORP | Technology | 7.2M | $1.22B | 1.8% | +19.7% |
| MSFT MICROSOFT CORP | Technology | 2.0M | $745.1M | 1.1% | +2.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.2M | $461.0M | 0.7% | +4.6% |
| GOOGL ALPHABET INC-CL A | Technology | 1.5M | $443.4M | 0.7% | +0.6% |
| GOOG ALPHABET INC-CL C | Technology | 1.4M | $404.3M | 0.6% | +16.1% |
| AVGO BROADCOM INC | Technology | 1.2M | $363.6M | 0.5% | +5.6% |
| META META PLATFORMS INC-CLASS A | Technology | 475.0K | $271.1M | 0.4% | +2.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 564.1K | $270.3M | 0.4% | +2.9% |
| XOM EXXON MOBIL CORP | Energy | 1.6M | $267.1M | 0.4% | +4.7% |
| JPM JPMORGAN CHASE & CO | Financials | 837.3K | $245.9M | 0.4% | +10.0% |
| WMT WALMART INC | Consumer discretionary | 1.9M | $233.3M | 0.3% | +4.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 911.0K | $222.7M | 0.3% | +7.2% |
| TSLA TESLA INC | Industrials | 587.1K | $217.1M | 0.3% | +12.1% |
| LLY ELI LILLY & CO | Healthcare | 175.1K | $161.0M | 0.2% | +30.3% |
| NFLX NETFLIX INC | Services media | 1.6M | $155.3M | 0.2% | -0.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 150.7K | $150.2M | 0.2% | +17.8% |
| LRCX LAM RESEARCH CORP | Industrials | 637.2K | $136.2M | 0.2% | -1.5% |
| MU MICRON TECHNOLOGY INC | Technology | 398.7K | $134.7M | 0.2% | +15.4% |
| CVX CHEVRON CORP | Energy | 647.0K | $133.3M | 0.2% | -5.7% |
| HD HOME DEPOT INC | Consumer discretionary | 380.1K | $125.0M | 0.2% | 0.0% |
| CSCO CISCO SYSTEMS INC | Technology | 1.5M | $117.1M | 0.2% | -4.7% |
| INTC INTEL CORP | Technology | 2.5M | $111.1M | 0.2% | -13.6% |
| CAT CATERPILLAR INC | Industrials | 156.7K | $111.0M | 0.2% | +0.1% |
| RJF RAYMOND JAMES FINANCIAL INC | Financials | 731.8K | $106.0M | 0.2% | -7.6% |
| ABBV ABBVIE INC | Healthcare | 472.6K | $102.8M | 0.2% | +9.8% |
| V VISA INC-CLASS A SHARES | Services media | 329.4K | $99.6M | 0.1% | +0.5% |
| APH AMPHENOL CORP-CL A | Technology | 769.7K | $97.3M | 0.1% | -11.2% |
| KLAC KLA CORP | Other | 64.7K | $95.3M | 0.1% | -20.6% |
| AMAT APPLIED MATERIALS INC | Technology | 278.4K | $95.1M | 0.1% | +3.9% |
| MRK MERCK & CO. INC. | Healthcare | 785.9K | $94.5M | 0.1% | +1.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 638.6K | $92.2M | 0.1% | +2.8% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 112 | $80.4M | 0.1% | -1.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3217 | $67.58B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 18, 2026 | 2840 | $65.60B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 2633 | $59.91B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 2249 | $49.10B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 2148 | $43.59B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 2124 | $40.99B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 1952 | $42.73B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 2104 | $36.68B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 1945 | $35.18B | $K fixed canonical | SEC ↗ |
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