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Livermore
Livermore
ZHEN

Merit Financial Group, LLC

SEC CIK
0001621225
Latest filing
Jul 20, 2026

Holdings in Q2 2026

Holdings as of Jun 30, 2026, filed Jul 20, 2026. Long positions only; changes compare share counts with Q1 2026.

Institution overview
Positions
2,318
+210 vs. Q1 2026
Portfolio value
$16.1B
+$2.65B (+19.7%) vs. Q1 2026
Filed
Jul 20, 2026
AmendedSEC
Holdings of Merit Financial Group, LLC in Q2 2026
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Morningstar Growth ETF922908736ETF4,950,558$426.4M2.6%00.0%UnchangedConverted for a 6-for-1 split–
iShares Core S&P U.S. Growth ETF464287671ETF2,092,449$393.6M2.4%+138,217+7.1%Added–
AAPLApple Inc.Stock1,219,742$352.9M2.2%+234,561+23.8%AddedHistory
Gmo ETF Trust90139K100US QUALITY ETF8,449,244$351.7M2.2%+471,716+5.9%Added–
iShares Core S&P US Value ETF464287663ETF2,976,786$327.9M2.0%+187,880+6.7%Added–
Vanguard World FD921910816MEGA GRWTH IND3,641,887$320.2M2.0%+929,922+34.3%AddedConverted for a 5-for-1 split–
BlackRock ETF Trust09290C103ISHARES US EQUIT4,521,035$307.5M1.9%+1,168,133+34.8%Added–
Vanguard World FD921910840MEGA CAP VAL ETF1,652,554$270.1M1.7%+315,657+23.6%Added–
iShares Core S&P 500 ETF464287200ETF353,499$264.7M1.6%+32,223+10.0%Added–
NVDANVIDIA CorpStock1,301,989$260.5M1.6%+156,164+13.6%AddedHistory
Vanguard Morningstar Value ETF922908744ETF1,019,302$222.1M1.4%+21,611+2.2%Added–
BlackRock ETF Trust09290C764ISHA IN CTRY ETF5,742,774$210.2M1.3%+761,397+15.3%Added–
MSFTMicrosoft CorpStock520,766$194.3M1.2%+88,986+20.6%AddedHistory
Vanguard S&P 500 ETF922908363ETF272,432$187.1M1.2%−2,509−0.9%Reduced–
SPDR Series Trust78464A672ST INTER ETF6,449,298$183.1M1.1%+240,944+3.9%Added–
Invesco QQQ Trust Series I46090E103ETF245,984$181.1M1.1%+11,649+5.0%Added–
American Centy ETF Tr025072174AVANTIS ALL INT2,155,582$177.6M1.1%+129,237+6.4%Added–
SPDR Index Shs FDS78463X848ST STR ACWI ETF3,751,310$152.6M0.9%+262,710+7.5%Added–
Victory Portfolios II92647N535SHORT TRM BD ETF2,939,884$148.8M0.9%+116,973+4.1%Added–
iShares U.S. Treasury Bond ETF46429B267ETF6,493,994$147.9M0.9%+1,233,584+23.5%Added–
Victory Portfolios II92647X830SHS FR CA FL ETF3,224,520$147.5M0.9%+401,983+14.2%Added–
AMZNAmazon Com IncStock610,008$145.4M0.9%+107,284+21.3%AddedHistory
Victory Portfolios II92647X863CORE PLUS BD ETF6,613,845$143.7M0.9%+226,770+3.6%Added–
iShares Flexible Income Active ETF092528603ETF2,652,673$138.8M0.9%+278,252+11.7%Added–
iShares Core MSCI Emerging Markets ETF46434G103ETF1,636,220$135.5M0.8%−242,246−12.9%Reduced–
iShares Tr464288588MBS ETF1,433,945$135.5M0.8%+70,319+5.2%Added–
Vanguard Morningstar Mid-Cap ETF922908629ETF1,674,384$134.9M0.8%+239,292+16.7%AddedConverted for a 4-for-1 split–
GOOGLAlphabet Inc.Stock339,733$121.4M0.8%+973+0.3%AddedHistory
BlackRock ETF Trust09290C780ISHA I IN TE ETF2,249,238$118.6M0.7%−268,077−10.6%Reduced–
iShares Tr464288877EAFE VALUE ETF1,524,185$116.7M0.7%−845,942−35.7%Reduced–
AVGOBroadcom Inc.Stock307,472$116.1M0.7%+23,779+8.4%AddedHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF290,722$107.6M0.7%+14,771+5.4%Added–
Capital Group Core Equity Et14020V108SHS CREAT UNIT2,268,466$100.9M0.6%−38,701−1.7%Reduced–
Vanguard Morningstar Small-Cap ETF922908751ETF329,358$99.8M0.6%+19,065+6.1%Added–
GOOGAlphabet Inc.Stock278,095$98.3M0.6%+68,601+32.7%AddedHistory
iShares MSCI USA Momentum Factor ETF46432F396ETF274,471$94.1M0.6%−70,869−20.5%Reduced–
Vanguard Total Bond Market ETF921937835ETF1,249,034$91.7M0.6%+201,851+19.3%Added–
UPSUnited Parcel Service IncStock848,643$91.2M0.6%+33,523+4.1%AddedHistory
Capital Group Growth ETF14020G101SHS CREAT UNIT1,930,814$91.1M0.6%+20,243+1.1%Added–
Capital Group Dividend Value14020W106SHS CREAT UNIT1,765,060$87.0M0.5%−27,784−1.5%Reduced–
Janus Detroit STR Tr47103U845HENDRSON AAA CL1,696,203$85.6M0.5%+38,751+2.3%Added–
JPMJPMorgan Chase & CoStock245,022$80.2M0.5%+67,152+37.8%AddedHistory
Vanguard Mortgage-Backed Securities ETF92206C771ETF1,619,728$75.8M0.5%+262,360+19.3%Added–
BRK.BBerkshire Hathaway IncStock142,576$71.3M0.4%+15,271+12.0%AddedHistory
Global X FDS37960A529DEFENSE TECH ETF1,172,606$70.0M0.4%+333,565+39.8%Added–
iShares Tr464288885EAFE GRWTH ETF551,289$68.6M0.4%+299,547+119.0%Added–
BlackRock ETF Trust09290C806ISHA US THEM ETF1,561,075$67.3M0.4%−504,402−24.4%Reduced–
Vanguard Ftse Developed Markets ETF921943858ETF934,207$66.6M0.4%+638+0.1%Added–
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF536,798$63.9M0.4%+6,947+1.3%Added–
MUMicron Technology IncStock54,879$63.3M0.4%+6,445+13.3%AddedHistory
SPYSPDR S&P 500 ETF TrustETF84,047$62.8M0.4%+4,655+5.9%AddedHistory
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF677,106$62.0M0.4%+159,555+30.8%Added–
Schwab U.S. Large-Cap Growth ETF808524300ETF1,817,577$61.5M0.4%+15,096+0.8%Added–
Schwab Strategic Tr808524862SHT TM US TRES2,442,106$59.0M0.4%+384,453+18.7%Added–
XOMExxonMobil Holdings CorpCOM416,171$56.9M0.4%+30,856+8.0%AddedHistory
Capital Grp Fixed Incm ETF T14020Y508CORE BOND ETF2,145,383$56.2M0.3%+37,661+1.8%Added–
Capital Grp Fixed Incm ETF T14020Y102CORE PLUS INCM2,514,495$56.0M0.3%+26,776+1.1%Added–
LLYEli Lilly & CoStock45,883$55.0M0.3%+2,324+5.3%AddedHistory
METAMeta Platforms, Inc.Stock96,543$54.4M0.3%+918+1.0%AddedHistory
JNJJohnson & JohnsonStock209,661$53.2M0.3%−3,863−1.8%ReducedHistory
CATCaterpillar IncStock48,985$52.2M0.3%+2,715+5.9%AddedHistory
Capital Grp Fixed Incm ETF T14020Y409SHORT DURATION2,005,706$51.6M0.3%+23,345+1.2%Added–
WMTWalmart Inc.Stock451,779$51.2M0.3%+58,750+14.9%AddedHistory
TSLATesla, Inc.Stock120,754$50.8M0.3%+11,470+10.5%AddedHistory
Dimensional U.S. Core Equity 2 ETF25434V708ETF1,097,040$48.7M0.3%−26,608−2.4%Reduced–
Schwab US Dividend Equity ETF808524797ETF1,496,093$47.4M0.3%−39,011−2.5%Reduced–
Vanguard High Dividend Yield Index ETF921946406ETF294,968$46.6M0.3%+4,063+1.4%Added–
Capital Group Equity ETF Tr14022A102US SM MI CA ETF1,407,335$46.4M0.3%+3,314+0.2%Added–
BlackRock ETF Trust09290C665ISHA SYST AL ETF1,644,090$46.1M0.3%+1,644,090New–
AMATApplied Materials IncStock63,218$45.7M0.3%+23,962+61.0%AddedHistory
PGProcter & Gamble CoStock303,349$44.5M0.3%+18,702+6.6%AddedHistory
iShares Core MSCI Eafe ETF46432F842ETF451,864$43.6M0.3%−89,627−16.6%Reduced–
BlackRock ETF Trust II092528835ISHA GLO USD ETF844,485$42.5M0.3%+844,485New–
Capital Group International14021T102SHS1,165,412$42.4M0.3%+33,873+3.0%Added–
COSTCostco Wholesale CorpStock44,872$42.0M0.3%+2,845+6.8%AddedHistory
AMDAdvanced Micro Devices IncStock68,850$40.0M0.2%+2,554+3.9%AddedHistory
First Tr Exch Traded FD III33739P103LNG/SHT EQUITY528,335$39.0M0.2%+108,878+26.0%Added–
iShares Tr464288414NATIONAL MUN ETF359,522$38.7M0.2%+103,587+40.5%Added–
State Street SPDR Portfolio S&P 500 ETF78464A854ETF432,820$38.0M0.2%−1390.0%Reduced–
iShares MSCI USA Quality Factor ETF46432F339ETF173,173$38.0M0.2%−328,732−65.5%Reduced–
iShares Core S&P Small Cap ETF464287804ETF249,788$37.0M0.2%−1,686−0.7%Reduced–
SEI Exchange Traded Funds81589A205QIM US LARGE CAP652,788$36.7M0.2%+77,430+13.5%Added–
HDHome Depot, Inc.Stock100,902$35.6M0.2%+19,584+24.1%AddedHistory
Vanguard Mun BD FDS922907746TAX EXEMPT BD694,370$35.1M0.2%+139,527+25.1%Added–
iShares Tr464288158SHRT NAT MUN ETF323,060$34.4M0.2%+81,554+33.8%Added–
IAUiShares Gold TrustETF448,234$33.8M0.2%−147,756−24.8%ReducedHistory
VVisa Inc.Stock96,047$33.0M0.2%+4,589+5.0%AddedHistory
LRCXLam Research CorpStock75,266$32.6M0.2%−36,870−32.9%ReducedHistory
iShares S&P 500 Growth ETF464287309ETF236,673$32.5M0.2%−3,710−1.5%Reduced–
CSCOCisco Systems, Inc.Stock275,950$32.4M0.2%+36,263+15.1%AddedHistory
GEGeneral Electric CoStock86,154$32.2M0.2%+1,492+1.8%AddedHistory
Neos ETF Trust78433H675NASDAQ 100 HIGH558,944$31.7M0.2%+5,171+0.9%Added–
Schwab U.S. Small-Cap ETF808524607ETF874,953$31.6M0.2%+176,771+25.3%Added–
Vanguard Morningstar Small-Cap Value ETF922908611ETF127,220$30.9M0.2%−14,175−10.0%Reduced–
CVXChevron CorpStock185,088$30.7M0.2%+31,287+20.3%AddedHistory
Schwab U.S. Large-Cap Value ETF808524409ETF880,325$30.6M0.2%+75,534+9.4%Added–
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833ETF302,746$30.5M0.2%+250,252+476.7%Added–
Vanguard S&P 500 Growth ETF921932505ETF369,250$30.5M0.2%−7,664−2.0%ReducedConverted for a 6-for-1 split–
Capital Grp Fixed Incm ETF T14020Y888ULTRA SHORT ETF1,184,223$29.9M0.2%+24,097+2.1%Added–
KOCoca Cola CoStock353,665$28.7M0.2%+8,131+2.4%AddedHistory

Options (38)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Merit Financial Group, LLC in Q2 2026
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$232.5M$5.30M
AVGOBroadcom Inc.Stock$22.8M$188.9K
AAPLApple Inc.Stock$6.74M–
UPSUnited Parcel Service IncStock$4.39M–
VanEck Semiconductor ETF92189F676ETF$2.30M–
GMEGameStop Corp.Stock–$1.99M
NVDANVIDIA CorpStock$1.28M$320.1K
PNCPNC Financial Services Group, Inc.Stock$1.13M–
MSFTMicrosoft CorpStock$969.9K–
AMZNAmazon Com IncStock$572.0K$357.5K
GLDSPDR Gold TrustETF$921.0K–
IBITiShares Bitcoin Trust ETFETF–$529.3K
ETHAiShares Ethereum Trust ETFSHS–$488.7K
ETNEaton Corp plcStock$468.7K–
LIILennox International IncCOM$401.1K–
TSLATesla, Inc.Stock$336.5K–
GOOGLAlphabet Inc.Stock–$250.2K
ORCLOracle CorpStock$249.1K–
BXBlackstone Inc.COM$235.3K–
AMGNAmgen IncStock–$181.1K
ABBVAbbVie Inc.Stock$125.8K–
GWREGuidewire Software, Inc.COM–$123.0K
MAMastercard IncStock$102.7K–
State Street Financial Select Sector SPDR ETF81369Y605ETF–$80.4K
NFLXNetflix IncStock–$71.4K
ROKURoku, IncCOM CL A–$69.1K
METAMeta Platforms, Inc.Stock–$56.3K
MDTMedtronic plcStock–$39.1K
iShares Russell 2000 ETF464287655ETF–$30.0K
PFEPfizer IncStock–$28.9K
BACBank of America CorpStock–$28.5K
RIGTransocean Ltd.REGISTERED SHS–$24.4K
NKENIKE, Inc.Stock–$16.4K
SHLSShoals Technologies Group, Inc.CL A–$15.8K
SOFISoFi Technologies, Inc.Stock–$14.3K
NOKNokia CorpSPONSORED ADR–$13.3K
PLTRPalantir Technologies Inc.Stock–$11.7K
IRENIREN LtdORDINARY SHARES–$4.57K

Sold out since Q1 2026 (107)

Positions held at the end of Q1 2026 that are gone from this filing.

The largest 100 of 107 by value last quarter.

Positions of Merit Financial Group, LLC sold out since Q1 2026
SecurityClassShares in Q1 2026Value in Q1 2026% of portfolio in Q1 2026History
HONHoneywell International IncCOM66,453$15.0M0.1%History
Amplify ETF Tr032108516BLOOMBERG US TRE383,759$8.21M0.1%–
CTRACoterra Energy Inc.Stock54,735$1.92M<0.1%History
MASIMasimo CorpCOM6,097$1.08M<0.1%History
WEXWEX Inc.COM7,044$1.08M<0.1%History
PCORProcore Technologies, Inc.COM18,501$1.05M<0.1%History
Exchange Place Advis301471108N SQ RCIM TAX-ADV PR41,304$1.05M<0.1%–
First Tr Exch Traded FD III33739E108PFD SECS INC ETF54,096$960.2K<0.1%–
J P Morgan Exchange Traded F46654Q609ACTIVE GROWTH10,950$925.5K<0.1%–
VanEck ETF Trust92189F437FALLEN ANGEL HG31,027$891.1K<0.1%–
ALSumisho Air Lease CorpCL A12,799$831.2K<0.1%History
iShares Tr46435G474FALN ANGLS USD28,718$767.3K<0.1%–
iShares Tr464289420RUS TP200 VL ETF7,652$709.1K<0.1%–
TRUTransUnionCOM9,898$684.8K<0.1%History
Vanguard Malvern FDS922020755CORE-PLUS BD ETF8,342$647.2K<0.1%–
SKYWSkywest IncCOM4,903$450.2K<0.1%History
GMEDGlobus Medical IncStock5,182$446.5K<0.1%History
ARQTArcutis Biotherapeutics, Inc.COM18,852$444.2K<0.1%History
OLLIOllie's Bargain Outlet Holdings, Inc.Stock4,594$422.8K<0.1%History
SAMBoston Beer Co IncCL A1,834$422.6K<0.1%History
DHILDiamond Hill Investment Group IncCOM NEW2,416$415.7K<0.1%History
TSTenaris SASPONSORED ADS6,959$404.9K<0.1%History
CPNGCoupang, Inc.CL A21,377$403.6K<0.1%History
TPHTri Pointe Homes, Inc.COM8,305$388.1K<0.1%History
REYNReynolds Consumer Products Inc.COM18,268$386.9K<0.1%History
TMHCTaylor Morrison Home CorpCOM6,102$355.4K<0.1%History
TTDTrade Desk, Inc.Stock15,315$347.5K<0.1%History
ATRAptargroup, Inc.Stock2,568$323.6K<0.1%History
DOCSDoximity, Inc.CL A13,638$317.8K<0.1%History
INSMINSMED IncCOM PAR $.011,908$312.0K<0.1%History
PIMCO ETF Tr72201R874SHTRM MUN BD ACT6,082$306.8K<0.1%–
AXIAYAXIA Energia S.A.SPONSORED ADR26,025$293.6K<0.1%History
J P Morgan Exchange Traded F46641Q670CORE PLUS BD ETF6,233$293.4K<0.1%–
Invesco Exch Traded FD Tr II46138E727RAFI EMRGNG MRKT10,853$292.0K<0.1%–
Invesco Exchange Traded FD T46137V431S&P 500 GARP ETF2,713$292.0K<0.1%–
EPCEdgewell Personal Care CoCOM13,620$290.6K<0.1%History
WisdomTree Tr97717W125FUTRE STRAT FD7,306$290.0K<0.1%–
VanEck ETF Trust92189F601URANI NUCLE ETF2,142$285.3K<0.1%–
PENPenumbra IncCOM845$277.5K<0.1%History
Spinnaker ETF Series84858T772SELE STO EUR ETF6,790$276.6K<0.1%–
J P Morgan Exchange Traded F46654Q724HEDG EQU LAD ETF4,293$274.4K<0.1%–
HOLXHologic IncCOM3,619$273.6K<0.1%History
Tidal Tr II88636R800YIELDMAX PLTR OP7,057$272.4K<0.1%–
First Tr Exchng Traded FD VI33740U711FT VEST U.S EQT7,116$271.2K<0.1%–
First Tr Exchange Traded FD33738R118NASD TECH DIV2,859$267.8K<0.1%–
NQPNuveen Pennsylvania Quality Municipal Income FundCOM22,424$267.5K<0.1%History
CNMCore & Main, Inc.CL A5,402$266.9K<0.1%History
HAYWHayward Holdings, Inc.COM19,681$263.3K<0.1%History
SUNSunoco LPCOM UT REP LP3,980$258.6K<0.1%History
DBX ETF Tr233051630XTRACK MSCI EAFE7,932$257.1K<0.1%–
LOPEGrand Canyon Education, Inc.COM1,507$256.2K<0.1%History
SNDXSyndax Pharmaceuticals IncCOM10,954$255.9K<0.1%History
CNXCConcentrix CorpStock9,301$254.5K<0.1%History
LTHLife Time Group Holdings, Inc.COMMON STOCK9,402$253.3K<0.1%History
POWIPower Integrations IncCOM4,927$252.2K<0.1%History
Advisorshares Tr00768Y560ADVISORSHS ETF3,833$248.2K<0.1%–
AOSSmith A O CorpCOM3,736$246.3K<0.1%History
WLDNWilldan Group, Inc.COM3,211$245.8K<0.1%History
SPDR Series Trust78468R556SP O&G EXPL PRO1,340$243.6K<0.1%–
SDRLSEADRILL LtdCOM5,308$241.5K<0.1%History
APAMArtisan Partners Asset Management Inc.CL A6,612$240.6K<0.1%History
UGPUltrapar Holdings IncSP ADR REP COM43,548$239.9K<0.1%History
First Tr Exchng Traded FD VI33740U810FT VEST U.S5,642$236.3K<0.1%–
NICENICE Ltd.SPONSORED ADR2,131$235.0K<0.1%History
iShares Tr46429B671MSCI CHINA ETF4,153$233.3K<0.1%–
QLYSQualys, Inc.COM2,650$232.8K<0.1%History
OROR Royalties Inc.COM SHS6,100$231.9K<0.1%History
BLTEBelite Bio, IncSPONSORED ADS1,415$225.6K<0.1%History
FRPTFreshpet, Inc.Stock3,779$222.8K<0.1%History
Invesco Actvely MNGD Etc FD46090F100OPTIMUM YIELD12,743$220.7K<0.1%–
First Tr Exchng Traded FD VI33740U505FT VEST UQ EQT4,399$218.7K<0.1%–
YELPYelp IncCL A8,602$212.8K<0.1%History
First Tr Exchng Traded FD VI33740F417FT VEST U.S8,245$212.3K<0.1%–
WisdomTree Bloomberg US Dollar Bullish Fund97717W471ETF8,005$210.8K<0.1%–
GSGiShares S&P GSCI Commodity-Indexed TrustUNIT BEN INT6,527$210.5K<0.1%History
AGOAssured Guaranty LtdCOM2,570$209.4K<0.1%History
CZRCaesars Entertainment, Inc.COM7,898$208.7K<0.1%History
EQNREquinor ASASPONSORED ADR4,930$208.1K<0.1%History
Innovator ETFs Trust45783Y251EQUITY DEFINED P7,120$207.0K<0.1%–
SIISprott Inc.COM NEW1,439$205.6K<0.1%History
GPORGulfport Energy CorpCOMMON SHARES962$203.5K<0.1%History
MTDRMatador Resources CoCOM3,206$202.6K<0.1%History
MTNVail Resorts IncCOM1,577$202.3K<0.1%History
SPDR Index Shs FDS78463X541ST STR NAT ETF2,694$201.2K<0.1%–
PRAAPra Group IncCOM11,458$200.5K<0.1%History
ANVSAnnovis Bio, Inc.COM81,316$181.3K<0.1%History
SAILSailPoint, Inc.COM13,634$180.5K<0.1%History
HTBKHeritage Commerce CorpCOM13,736$171.4K<0.1%History
WENWendy's CoStock23,761$165.1K<0.1%History
RFICohen & Steers Total Return Realty Fund IncCOM14,296$159.3K<0.1%History
AVKAdvent Convertible & Income FundCOM13,827$154.3K<0.1%History
MFAMfa Financial, Inc.COM11,268$107.9K<0.1%History
NEOGNeogen CorpCOM10,853$100.8K<0.1%History
IEPIcahn Enterprises L.P.DEPOSITARY UNIT13,224$99.8K<0.1%History
MCWMister Car Wash, Inc.COM13,721$95.6K<0.1%History
STKLSunOpta Inc.COM13,644$88.4K<0.1%History
GTGoodyear Tire & Rubber CoCOM12,430$82.4K<0.1%History
CTKBCytek Biosciences, Inc.COM16,398$71.7K<0.1%History
NIONIO Inc.ADR11,153$67.3K<0.1%History
UDMYUdemy, Inc.COM14,324$66.2K<0.1%History