SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Merit Financial Group, LLC

CIK 0001621225 · 2400 LAKEVIEW PARKWAY, SUITE 550, ALPHARETTA, GA, 30009 · 678-867-7050

Reported Value
$1.1B
Q4 2019
Positions
232
Filings on Record
31
2019–present window
Filed
Jan 16, 2020
original filing

Summary

Merit Financial Group, LLC reported $1.1B in U.S.-listed holdings across 232 positions for Q4 2019.

Its largest position, VUG, represents 19.4% of the portfolio.

Compared with Q3 2019, the fund opened 114 new positions and exited 21.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+78.7%
share of reported value
Largest Position
+19.4%
Vanguard Index Fds
New / Exited
114 / 21
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $665MQ4 ’18Q1 ’19: $820MQ2 ’19: $853MQ3 ’19: $915MQ4 ’19: $1.1BQ4 ’19Q1 ’20: $895MQ2 ’20: $1.0BQ3 ’20: $1.1BQ4 ’20: $1.0BQ4 ’20Q1 ’21: $956MQ2 ’21: $1.1BQ3 ’21: $955MQ4 ’21: $1.0BQ4 ’21Q1 ’22: $1.7BQ2 ’22: $3.2BQ3 ’22: $2.3BQ4 ’22: $2.8BQ4 ’22Q1 ’23: $2.8BQ2 ’23: $3.1BQ3 ’23: $3.1BQ4 ’23: $3.3BQ4 ’23Q1 ’24: $4.2BQ2 ’24: $4.5BQ3 ’24: $4.5BQ4 ’24: $5.6BQ4 ’24Q1 ’25: $6.7BQ2 ’25: $9.0BQ3 ’25: $10.9BQ4 ’25: $12.5BQ4 ’25Q1 ’26: $13.5Bfilingsflow.com

Portfolio Composition

By security type
ETP: 76.4%Other: 13.1%Common Stock: 8.8%Closed-End Fund: 1.2%REIT: 0.3%Other: 0.1%
  • ETP · 76.4% · $864M
  • Other · 13.1% · $149M
  • Common Stock · 8.8% · $99M
  • Closed-End Fund · 1.2% · $13M
  • REIT · 0.3% · $4M
  • Other · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+262.4K262.4K+$7M$7M
4I1PHILIP MORRIS INTL INCNEW+56.1K56.1K+$5M$5M
ISHARES TRNEW+16.4K16.4K+$3M$3M
FIRST TR EXCHANGE TRADED FDNEW+128.4K128.4K+$3M$3M
ISHARES TRNEW+31.8K31.8K+$3M$3M
MOALTRIA GROUP INCNEW+56.9K56.9K+$3M$3M
FIRST TR EXCNGE TRD ALPHADEXNEW+78.0K78.0K+$3M$3M
ISHARES INCNEW+29.1K29.1K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TREDGE MSCI MINM · MIN VOL EAFE ETF · MSCI MIN VOL ETF · IBONDS DEC20 ETF · CORE HIGH DV ETF · IBONDS DEC21 ETF · CORE S&P500 ETF · CORE S&P MCP ETF · EDGE MSCI USA VL · USA QUALITY FCTR · CORE S&P SCP ETF · CORE DIV GRWTH · EXPANDED TECH21.17%$239M5.12M
2VUGVANGUARD INDEX FDSGROWTH ETF · TOTAL STK MKT · VALUE ETF · EXTEND MKT ETF20.32%$230M1.28M
3PROSHARES TRLARGE CAP CRE18.92%$214M2.77M
4WISDOMTREE TRFLOATNG RAT TREA11.07%$125M4.99M
5SPDR SERIES TRUSTBLOMBERG BRC INV7.57%$86M2.78M
6ISHARES INCEM MKTS DIV ETF · CORE MSCI EMKT · MIN VOL GBL ETF3.51%$40M912.1K
7VDCVANGUARD WORLD FDSCONSUM STP ETF0.69%$8M48.3K
8AAPLAPPLE INCCOM0.51%$6M19.5K
94I1PHILIP MORRIS INTL INCCOM0.42%$5M56.1K
10TAT&T INCCOM0.40%$5M115.8K
11ARK ETF TRINNOVATION ETF0.40%$5M90.3K
12JNJJOHNSON & JOHNSONCOM0.39%$4M29.9K
13SELECT SECTOR SPDR TRTECHNOLOGY0.29%$3M35.3K
14SPDR S&P 500 ETF TRTR UNIT0.28%$3M9.9K
15FIRST TR EXCHANGE TRADED FDLUNT US FACTOR0.26%$3M128.4K
16PDIPIMCO DYNAMIC INCOME FDSHS0.26%$3M90.0K
17MOALTRIA GROUP INCCOM0.25%$3M56.9K
18FIRST TR EXCNGE TRD ALPHADEXMID CAP VAL FD0.25%$3M78.0K
19UTXZUNITED TECHNOLOGIES CORPCOM0.24%$3M18.3K
20MSFTMICROSOFT CORPCOM0.23%$3M16.5K
21INVESCO EXCH TRD SLF IDX FDBULSHS 2020 CB0.23%$3M120.0K
22PEPPEPSICO INCCOM0.21%$2M17.1K
23JPMJPMORGAN CHASE & COCOM0.20%$2M16.3K
24MDLZMONDELEZ INTL INCCL A0.19%$2M39.4K
25EXMOCEXXON MOBIL CORPCOM0.18%$2M28.9K
26EATON VANCE MUN BD FDCOM0.17%$2M153.5K
27HDHOME DEPOT INCCOM0.17%$2M9.0K
28MCDMCDONALDS CORPCOM0.17%$2M9.9K
29BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.17%$2M8.5K
30DUKDUKE ENERGY CORP NEWCOM NEW0.16%$2M20.0K
31OMEGA HEALTHCARE INVS INCCOM0.16%$2M42.2K
32NDQINVESCO QQQ TRUNIT SER 10.16%$2M8.3K
33AMZNAMAZON COM INCCOM0.16%$2M949

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$13.5B7,348Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$12.5B6,866Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$10.9B6,380Nov 7, 2025RESTATEMENTchanges · EDGAR ↗
Q2 2025$9.0B1,708Jul 22, 202513F-HRchanges · EDGAR ↗
Q1 2025$6.7B1,411Apr 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$5.6B1,152Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.5B831Oct 17, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.5B914Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.2B863May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.3B773Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.1B740Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.1B747Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.8B638Apr 24, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.8B706Jan 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.3B602Oct 31, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.2B761Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.7B385May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.0B275Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$955M264Oct 27, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.1B263Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$956M234May 18, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.0B214Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.1B228Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.0B220Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$895M223May 5, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.1B232Jan 16, 202013F-HRchanges · EDGAR ↗
Q3 2019$915M138Nov 25, 201913F-HRchanges · EDGAR ↗
Q2 2019$853M127Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$820M129May 16, 201913F-HRchanges · EDGAR ↗
Q4 2018$665M117Feb 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.