SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Merit Financial Group, LLC

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

Reported Value
$1.0B
Q4 2020
Positions
214
Filings on Record
31
2019–present window
Filed
Feb 12, 2021
original filing

Summary

Merit Financial Group, LLC reported $1.0B in U.S.-listed holdings across 214 positions for Q4 2020.

The portfolio is heavily concentrated: VUG alone accounts for 23.4% of reported value.

Compared with Q3 2020, the fund opened 19 new positions and exited 29.

Portfolio Metrics

Turnover
+12.5%
vs prior filed quarter
Top-10 Concentration
+77.4%
share of reported value
Largest Position
+23.4%
Vanguard Index Fds
New / Exited
19 / 29
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: 85.3%Common Stock: 11.8%Closed-End Fund: 1.3%Other: 1.2%REIT: 0.3%Other: 0.1%
  • ETP · 85.3% · $882M
  • Common Stock · 11.8% · $122M
  • Closed-End Fund · 1.3% · $13M
  • Other · 1.2% · $12M
  • REIT · 0.3% · $3M
  • Other · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FIRST TR EXCHANGE-TRADED FDNEW+16.6K16.6K+$1M$1M
GSGOLDMAN SACHS GROUP INCNEW+3.0K3.0K+$794,000$794,000
MCKMCKESSON CORPNEW+2.5K2.5K+$442,000$442,000
VANGUARD WORLD FDNEW+1.7K1.7K+$344,000$344,000
NIONIO INCNEW+6.5K6.5K+$319,000$319,000
ISHARES TRNEW+3.6K3.6K+$313,000$313,000
AGF INVTS TRNEW+15.7K15.7K+$300,000$300,000
IRON MTN INC NEWNEW+9.5K9.5K+$280,000$280,000

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

Holdings — Q4 2020

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRMSCI USA MIN VOL · MSCI EAFE MIN VL · IBONDS DEC21 ETF · CORE S&P500 ETF · CORE S&P SCP ETF · MSCI USA QLT FCT · RUSSELL 2000 ETF · GL CLEAN ENE ETF · CORE DIV GRWTH · CORE MSCI EAFE29.69%$307M4.58M
2VUGVANGUARD INDEX FDShistory →GROWTH ETF · TOTAL STK MKT · EXTEND MKT ETF24.07%$249M994.1K
3VDCVANGUARD WORLD FDShistory →CONSUM STP ETF9.71%$101M577.9K
4ARK ETF TRINNOVATION ETF9.48%$98M788.2K
5ISHARES INCEM MKTS DIV ETF4.41%$46M1.23M
6SPDR SER TRS&P BIOTECH · BLOMBERG BRC INV · PRTFLO S&P500 GW · SSGA US LRG ETF · PORTFOLIO S&P6002.23%$23M391.6K
7AAPLAPPLE INChistory →COM1.54%$16M120.1K
8AMZNAMAZON COM INCCOM0.65%$7M2.1K
9AMPLIFY ETF TRONLIN RETL ETF0.52%$5M47.3K
10GLOBAL X FDSFINTECH ETF0.50%$5M109.8K
11SPDR S&P 500 ETF TRTR UNIT0.47%$5M13.1K
12SELECT SECTOR SPDR TRTECHNOLOGY · SBI CONS STPLS0.47%$5M50.9K
13JNJJOHNSON & JOHNSONCOM0.46%$5M30.5K
144I1PHILIP MORRIS INTL INCCOM0.43%$4M53.1K
15MSFTMICROSOFT CORPCOM0.41%$4M18.9K
16EATON VANCE MUN BD FDCOM0.40%$4M303.6K
17PEPPEPSICO INCCOM0.30%$3M21.1K
18EXCHANGE TRADED CONCEPTS TREMQQ EM INTERN0.29%$3M47.9K
19NDQINVESCO QQQ TRUNIT SER 10.29%$3M9.4K
20HDHOME DEPOT INCCOM0.28%$3M10.7K
21TAT&T INCCOM0.26%$3M94.3K
22TSLATESLA INCCOM0.26%$3M3.8K
23METAFACEBOOK INCCL A0.23%$2M8.8K
24MOALTRIA GROUP INCCOM0.23%$2M58.0K
25MDLZMONDELEZ INTL INCCL A0.23%$2M40.2K
26PDIPIMCO DYNAMIC INCOME FDSHS0.23%$2M88.4K
27WISDOMTREE TRFLOATNG RAT TREA0.22%$2M90.7K
28BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.22%$2M9.6K
29JPMJPMORGAN CHASE & COCOM0.21%$2M16.9K
30SPDR INDEX SHS FDSMSCI EAFE STRTGC0.21%$2M30.7K
31INVESCO EXCH TRADED FD TR IICEF INM COMPSI0.20%$2M91.3K
32RTXRAYTHEON TECHNOLOGIES CORPCOM0.19%$2M27.1K
33BACVERIZON COMMUNICATIONS INCCOM0.19%$2M32.8K
34GOOGALPHABET INCCAP STK CL C0.19%$2M1.1K

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 ↗.