Merit Financial Group, LLC
Long book
$13.45B
Q1 2026
Positions
2107
Top-10 weight
18%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsMerit Financial Group, LLC is a wealth-management firm allocating client money, running a $13.45B US long book across 2107 positions.
The portfolio is broadly diversified across 2107 positions (top 10 only 18%). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD GROWTH ETF, ISHARES CORE S&P U.S. GROWTH, GMO U.S. QUALITY ETF, ISHARES CORE S&P U.S. VALUE, APPLE INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 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
+2.4%
Q2 2024
+6.1%
Q3 2024
+0.5%
Q4 2024
-1.9%
Q1 2025
+8.9%
Q2 2025
+6.5%
Q3 2025
+2.4%
Q4 2025
-1.9%
Q1 2026
+11.8%
Sector allocation
Technology 33%
Industrials 15%
Financials 12%
Consumer discretionary 11%
Healthcare 8%
Services media 4%
Energy 4%
Utilities 4%
Long book by quarter
What does Merit Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 985.2K | $250.0M | 1.9% | +9.1% |
| NVDA NVIDIA CORP | Technology | 1.1M | $199.8M | 1.5% | +18.1% |
| MSFT MICROSOFT CORP | Technology | 431.8K | $159.8M | 1.2% | +17.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 502.7K | $104.7M | 0.8% | +4.5% |
| GOOGL ALPHABET INC-CL A | Technology | 338.8K | $97.4M | 0.7% | +2.3% |
| AVGO BROADCOM INC | Technology | 283.7K | $87.8M | 0.7% | +12.6% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 815.1K | $80.2M | 0.6% | -1.5% |
| XOM EXXON MOBIL CORP | Energy | 385.3K | $65.4M | 0.5% | +10.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 127.3K | $61.0M | 0.5% | +1.1% |
| GOOG ALPHABET INC-CL C | Technology | 209.5K | $60.1M | 0.4% | +8.1% |
| META META PLATFORMS INC-CLASS A | Technology | 95.6K | $54.7M | 0.4% | -5.6% |
| JPM JPMORGAN CHASE & CO | Financials | 177.9K | $52.3M | 0.4% | +3.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 213.5K | $52.2M | 0.4% | +9.6% |
| WMT WALMART INC | Consumer discretionary | 393.0K | $48.8M | 0.4% | +15.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 42.0K | $41.9M | 0.3% | +19.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 284.6K | $41.1M | 0.3% | +11.9% |
| TSLA TESLA INC | Industrials | 109.3K | $40.6M | 0.3% | +10.2% |
| LLY ELI LILLY & CO | Healthcare | 43.6K | $40.1M | 0.3% | +14.5% |
| CAT CATERPILLAR INC | Industrials | 46.3K | $32.8M | 0.2% | +8.8% |
| CVX CHEVRON CORP | Energy | 153.8K | $31.8M | 0.2% | +11.7% |
| V VISA INC-CLASS A SHARES | Services media | 91.5K | $27.6M | 0.2% | +2.7% |
| HD HOME DEPOT INC | Consumer discretionary | 81.3K | $26.7M | 0.2% | +4.5% |
| KO COCA-COLA CO/THE | Consumer staples | 345.5K | $26.3M | 0.2% | +49.1% |
| FAST FASTENAL CO | Consumer discretionary | 563.3K | $26.1M | 0.2% | +40.5% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 165.8K | $24.3M | 0.2% | -7.3% |
| GE GENERAL ELECTRIC | Industrials | 84.7K | $24.0M | 0.2% | +10.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 7348 | $13.46B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 27856 | $12.61B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Nov 7, 2025 | 6380 | $10.89B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 1800 | $10.89B | SEC ↗ | |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 1708 | $8.97B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 1411 | $6.68B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 1152 | $5.57B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 831 | $4.47B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 914 | $4.54B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 888 | $4.14B | canonical | SEC ↗ |