Institution

Merit Financial Group, LLC

13F for the quarter to June 30, 2026, filed July 20, 2026 · SEC CIK 1621225

Reported value: $16.1bn
Positions we cover: 1,365
Copy, a year: +11.9%
Copy Sharpe ratio: 0.54

How copying its 13F would have done

CopyS&P 500 $10,000 copying Merit Financial Group, LLC's filed holdings in companies we cover from January 17, 2020, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −30.8% (S&P 500 −31.8%); beta 0.96; alpha −1.9% a year (t = −1.21); last 12 months +11.9% against +12.1%.

Reported value by quarter

Merit Financial Group, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2019-12-31	$1.1B
2020-06-30	$1B
2020-09-30	$1.1B
2020-12-31	$1B
2021-06-30	$1.1B
2021-12-31	$1B
2022-03-31	$1.6B
2022-06-30	$3.2B
2022-09-30	$2.3B
2022-12-31	$2.8T
2023-03-31	$2.7B
2023-06-30	$3.1B
2023-09-30	$3B
2023-12-31	$3.3B
2024-03-31	$4.2B
2024-06-30	$4.5B
2024-09-30	$4.5B
2024-12-31	$5.6B
2025-03-31	$6.7B
2025-06-30	$9B
2025-09-30	$10.9B
2025-12-31	$12.5B
2026-03-31	$13.4B
2026-06-30	$16.1B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	2.19%	$352.9m	1.22M	+23.8% Added
NVDANVIDIA Corporation	1.62%	$260.5m	1.30M	+13.6% Added
MSFTMicrosoft Corporation	1.21%	$194.3m	520.8K	+20.6% Added
AMZNAmazon	0.90%	$145.4m	610.0K	+21.3% Added
GOOGLAlphabet Inc. (Class A)	0.75%	$121.4m	339.7K	+0.3%
AVGOBroadcom	0.72%	$116.1m	307.5K	+8.4% Added
UPSUnited Parcel Service	0.57%	$91.2m	848.6K	+4.1% Added
JPMJPMorgan Chase	0.50%	$80.2m	245.0K	+37.8% Added
MUMicron Technology	0.39%	$63.3m	54.9K	+13.3% Added
LLYLilly (Eli)	0.34%	$55.0m	45.9K	+5.3% Added
METAMeta Platforms	0.34%	$54.4m	96.5K	+1.0% Added
JNJJohnson & Johnson	0.33%	$53.2m	209.7K	−1.8% Reduced
CATCaterpillar Inc.	0.32%	$52.2m	49.0K	+5.9% Added
WMTWalmart	0.32%	$51.2m	451.8K	+14.9% Added
TSLATesla, Inc.	0.32%	$50.8m	120.8K	+10.5% Added
AMATApplied Materials	0.28%	$45.7m	63.2K	+61.0% Added
PGProcter & Gamble	0.28%	$44.5m	303.3K	+6.6% Added
COSTCostco	0.26%	$42.0m	44.9K	+6.8% Added
AMDAdvanced Micro Devices	0.25%	$40.0m	68.8K	+3.9% Added
HDThe Home Depot	0.22%	$35.6m	100.9K	+24.1% Added
VVisa Inc.	0.20%	$33.0m	96.0K	+5.0% Added
LRCXLam Research	0.20%	$32.6m	75.3K	−32.9% Reduced
CSCOCisco	0.20%	$32.4m	275.9K	+15.1% Added
GEGE Aerospace	0.20%	$32.2m	86.2K	+1.8% Added
CVXChevron Corporation	0.19%	$30.7m	185.1K	+20.3% Added
KOThe Coca-Cola Company	0.18%	$28.7m	353.7K	+2.4% Added
ABBVAbbVie	0.17%	$27.3m	108.7K	+3.6% Added
MRKMerck & Co.	0.17%	$26.9m	209.3K	+6.3% Added
ANETArista Networks	0.17%	$26.9m	158.2K	−8.5% Reduced
INTCIntel	0.17%	$26.8m	192.1K	−12.0% Reduced
KLACKLA Corporation	0.16%	$26.4m	87.4K	+891.0% Added
BFCBank First Corp	0.16%	$25.8m	174.0K	−1.5% Reduced
MOAltria	0.16%	$25.1m	348.3K	+3.8% Added
RTXRTX Corporation	0.15%	$23.5m	123.9K	+2.2% Added
PMPhilip Morris International	0.14%	$23.4m	129.2K	−3.4% Reduced
GSGoldman Sachs	0.14%	$22.3m	22.1K	+2.0% Added
BMYBristol Myers Squibb	0.14%	$22.3m	387.2K	+5.0% Added
MSMorgan Stanley	0.14%	$22.2m	106.4K	+6.2% Added
TXNTexas Instruments	0.14%	$22.1m	74.3K	+4.5% Added
GEVGE Vernova	0.13%	$21.6m	18.4K	+6.3% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.13%	$21.3m	44.5K	−0.2%
FASTFastenal	0.13%	$20.9m	434.5K	−22.9% Reduced
NFLXNetflix	0.13%	$20.2m	282.7K	+43.0% Added
SHOPShopify Inc.	0.12%	$19.5m	170.9K	+338.6% Added
PEPPepsiCo	0.12%	$18.8m	138.6K	−3.4% Reduced
PNCPNC Financial Services	0.11%	$18.3m	74.5K	+30.9% Added
CBChubb Limited	0.11%	$17.5m	51.4K	+2.3% Added
MAMastercard	0.11%	$17.4m	34.0K	−2.1% Reduced
BACBank of America	0.11%	$17.3m	303.2K	+7.5% Added
WDCWestern Digital	0.10%	$17.0m	26.6K	−5.3% Reduced
CMICummins	0.10%	$16.9m	23.6K	+2.3% Added
DELLDell Technologies	0.10%	$16.9m	39.1K	+144.9% Added
ORCLOracle Corporation	0.10%	$16.7m	113.7K	+36.5% Added
MCKMcKesson	0.10%	$16.0m	21.2K	−3.7% Reduced
AXPAmerican Express	0.10%	$16.0m	47.3K	+0.7% Added
FTITechnipFMC plc	0.10%	$15.9m	239.7K	+181.3% Added
PLTRPalantir Technologies Inc.	0.10%	$15.9m	136.0K	−18.0% Reduced
FTNTFortinet	0.10%	$15.8m	103.1K	−37.7% Reduced
ETNEaton Corporation	0.10%	$15.8m	37.1K	+1.1% Added
EXPEExpedia Group	0.10%	$15.7m	61.5K	+19.5% Added
IBMIBM	0.10%	$15.5m	55.2K	+6.6% Added
CCitigroup	0.09%	$15.1m	107.9K	+7.1% Added
LAMRLamar Advertising Co	0.09%	$15.1m	96.5K	+1243.1% Added
GLWCorning Inc.	0.09%	$14.9m	58.4K	+22.8% Added
TJXTJX Companies	0.09%	$14.0m	92.3K	+4.4% Added
PANWPalo Alto Networks	0.09%	$13.7m	40.1K	+6.7% Added
GDGeneral Dynamics	0.08%	$13.6m	38.3K	−9.8% Reduced
ADIAnalog Devices	0.08%	$13.6m	34.1K	+5.3% Added
FIXComfort Systems USA	0.08%	$13.4m	6.7K	−1.1% Reduced
UNHUnitedHealth Group	0.08%	$13.1m	31.6K	+22.5% Added
UNPUnion Pacific Corporation	0.08%	$13.0m	47.6K	−7.8% Reduced
TAT&T	0.08%	$12.5m	605.5K	+10.7% Added
BLKBlackRock	0.08%	$12.4m	12.9K	−19.2% Reduced
BNYBNY Mellon	0.08%	$12.4m	85.5K	+3.5% Added
LINLinde plc	0.08%	$12.2m	23.6K	+25.5% Added
MCDMcDonald's	0.08%	$12.2m	45.2K	−11.8% Reduced
VRTVertiv	0.07%	$12.1m	36.1K	+55.5% Added
BABoeing	0.07%	$11.3m	52.4K	+19.0% Added
WFCWells Fargo	0.07%	$11.3m	137.0K	−18.8% Reduced
AMGNAmgen	0.07%	$11.3m	31.2K	+11.4% Added
SNPSSynopsys Inc	0.07%	$11.3m	25.2K	+15.5% Added
RYRoyal Bank Of Canada	0.07%	$11.2m	54.1K	−0.8% Reduced
TMOThermo Fisher Scientific	0.07%	$11.0m	22.0K	+47.9% Added
ITWIllinois Tool Works	0.07%	$11.0m	40.7K	+4.4% Added
SOSouthern Company	0.07%	$10.9m	114.3K	+11.0% Added
AEPAmerican Electric Power	0.07%	$10.6m	77.8K	+0.7% Added
NOCNorthrop Grumman	0.07%	$10.6m	20.8K	+53.8% Added
STXSeagate Technology	0.07%	$10.4m	10.8K	+62.1% Added
VODVodafone Group Public LTD Co	0.07%	$10.4m	788.6K	+7003.0% Added
NEENextEra Energy	0.06%	$10.4m	117.9K	+31.6% Added
APHAmphenol	0.06%	$10.3m	58.2K	−4.7% Reduced
SPGIS&P Global	0.06%	$10.0m	24.5K	−22.1% Reduced
JCIJohnson Controls	0.06%	$9.9m	67.8K	+8.7% Added
SBUXStarbucks	0.06%	$9.6m	93.9K	+10.0% Added
NVRNVR, Inc.	0.06%	$9.5m	1.4K	+3675.7% Added
LOWLowe's	0.06%	$9.5m	43.0K	−6.3% Reduced
PLDPrologis	0.06%	$9.5m	70.0K	+108.6% Added
LMTLockheed Martin	0.06%	$9.4m	18.4K	−15.0% Reduced
ADPAutomatic Data Processing	0.06%	$9.3m	41.5K	+14.7% Added
WECWEC Energy Group	0.06%	$9.1m	78.2K	+3.5% Added
DUKDuke Energy	0.06%	$8.9m	70.4K	+15.7% Added
VZVerizon	0.06%	$8.9m	210.3K	+6.4% Added
COPConocoPhillips	0.06%	$8.9m	85.6K	+3.7% Added
GMGeneral Motors	0.06%	$8.8m	114.4K	+0.9% Added
ASMLAsml Holding NV	0.05%	$8.6m	4.3K	+0.5% Added
TMUST-Mobile US	0.05%	$8.6m	51.3K	+22.0% Added
AHRAmerican Healthcare Reit, Inc.	0.05%	$8.6m	164.9K	−1.9% Reduced
DEDeere & Company	0.05%	$8.5m	13.4K	−3.9% Reduced
CNCCentene Corporation	0.05%	$8.5m	131.8K	−10.1% Reduced
SYKStryker Corporation	0.05%	$8.1m	25.9K	+0.5%
MRVLMarvell Technology	0.05%	$8.1m	27.1K	+22.9% Added
QCOMQualcomm	0.05%	$8.1m	43.6K	−58.8% Reduced
SNDKSandisk	0.05%	$8.0m	3.5K	−18.9% Reduced
WELLWelltower	0.05%	$7.9m	34.7K	+3.0% Added
NICNicolet Bankshares Inc	0.05%	$7.7m	46.9K	−0.4%
DALDelta Air Lines	0.05%	$7.7m	82.5K	−1.1% Reduced
EIXEdison International	0.05%	$7.6m	102.6K	+2.7% Added
AFLAflac	0.05%	$7.6m	64.8K	+1.1% Added
ARCCAres Capital Corp	0.05%	$7.5m	406.9K	+2.1% Added
GILDGilead Sciences	0.04%	$7.3m	57.5K	−5.6% Reduced
COFCapital One	0.04%	$7.2m	36.1K	+32.9% Added
PSXPhillips 66	0.04%	$7.1m	42.1K	+17.7% Added
ABTAbbott Laboratories	0.04%	$7.1m	77.8K	+22.0% Added
ORLYO'Reilly Automotive	0.04%	$6.9m	75.3K	+85.3% Added
PWRQuanta Services	0.04%	$6.9m	9.5K	+189.2% Added
WMBWilliams Companies	0.04%	$6.8m	91.7K	+0.4%
TRVThe Travelers Companies	0.04%	$6.8m	20.5K	+6.5% Added
FCXFreeport-McMoRan	0.04%	$6.7m	106.5K	+13.0% Added
CVSCVS Health	0.04%	$6.7m	64.5K	+4.1% Added
FDXFedEx	0.04%	$6.7m	21.3K	+4.0% Added
BXBlackstone Inc.	0.04%	$6.6m	56.5K	+0.9% Added
VEEVVeeva Systems Inc	0.04%	$6.6m	37.3K	−21.2% Reduced
LNTAlliant Energy	0.04%	$6.6m	86.7K	+18.3% Added
PFEPfizer	0.04%	$6.6m	272.1K	+8.2% Added
VLOValero Energy	0.04%	$6.5m	25.1K	+26.1% Added
SCHWCharles Schwab Corporation	0.04%	$6.5m	70.3K	−4.1% Reduced
CDNSCadence Design Systems Inc	0.04%	$6.5m	17.2K	+45.6% Added
PCGPG&E Corporation	0.04%	$6.5m	383.9K	−2.2% Reduced
DISThe Walt Disney Company	0.04%	$6.4m	66.5K	−3.5% Reduced
HONHoneywell Technologies	0.04%	$6.3m	28.2K	New
AXONAxon Enterprise	0.04%	$6.3m	11.2K	−0.2%
ATOAtmos Energy	0.04%	$6.3m	36.4K	+8.7% Added
BSXBoston Scientific	0.04%	$6.1m	142.9K	−3.3% Reduced
VRTXVertex Pharmaceuticals	0.04%	$6.1m	12.2K	+18.2% Added
ADBEAdobe Inc.	0.04%	$6.0m	29.1K	−18.0% Reduced
HONAHoneywell Aerospace	0.04%	$6.0m	26.9K	New
CRWDCrowdStrike	0.04%	$5.9m	7.8K	+20.0% Added
DDominion Energy	0.04%	$5.8m	85.3K	+148.6% Added
NEMNewmont	0.04%	$5.8m	62.3K	−2.8% Reduced
ALLAllstate	0.04%	$5.8m	24.4K	+13.4% Added

Company	Bought (value)	Shares
AAPLApple Inc.	$67.9m	234.6K
MSFTMicrosoft Corporation	$33.2m	89.0K
NVDANVIDIA Corporation	$31.2m	156.2K
AMZNAmazon	$25.6m	107.3K
KLACKLA Corporation	$23.7m	78.6K
JPMJPMorgan Chase	$22.0m	67.2K
AMATApplied Materials	$17.3m	24.0K
SHOPShopify Inc.	$15.1m	131.9K
LAMRLamar Advertising Co	$13.9m	89.3K
VODVodafone Group Public LTD Co	$10.3m	777.5K
FTITechnipFMC plc	$10.2m	154.5K
DELLDell Technologies	$10.0m	23.1K
NVRNVR, Inc.	$9.3m	1.4K
AVGOBroadcom	$9.0m	23.8K
MUMicron Technology	$7.4m	6.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
LRCXLam Research	−$16.0m	−36.9K
EXELExelixis, Inc.	−$12.7m	−233.5K
QCOMQualcomm	−$11.5m	−62.4K
FTNTFortinet	−$9.6m	−62.4K
CRMSalesforce	−$8.8m	−56.1K
FASTFastenal	−$6.2m	−128.8K
INTCIntel	−$3.7m	−26.2K
PLTRPalantir Technologies Inc.	−$3.5m	−29.8K
HPEHewlett Packard Enterprise	−$3.3m	−73.9K
PYPLPayPal	−$3.0m	−70.0K
BLKBlackRock	−$2.9m	−3.1K
SPGIS&P Global	−$2.8m	−7.0K
WFCWells Fargo	−$2.6m	−31.7K
DHRDanaher Corporation	−$2.6m	−13.5K
ANETArista Networks	−$2.5m	−14.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
WEXWEX Inc.	$1.1m	7.0K
PCORProcore Technologies, Inc.	$1.1m	18.5K
TRUTransunion	$684,846	9.9K
SKYWSkywest Inc	$450,243	4.9K
GMEDGlobus Medical Inc	$446,480	5.2K
ARQTArcutis Biotherapeutics, Inc.	$444,153	18.9K
OLLIOllie's Bargain Outlet Holdings, Inc.	$422,831	4.6K
SAMBoston Beer Co Inc	$422,554	1.8K
CPNGCoupang, Inc.	$403,599	21.4K
REYNReynolds Consumer Products Inc.	$386,922	18.3K
TTDTrade Desk, Inc.	$347,511	15.3K
ATRAptargroup, Inc.	$323,571	2.6K
DOCSDoximity, Inc.	$317,766	13.6K
INSMInsmed Inc	$312,031	1.9K
EPCEdgewell Personal Care Co	$290,650	13.6K
PENPenumbra Inc	$277,473	845
CNMCore & Main, Inc.	$266,859	5.4K
HAYWHayward Holdings, Inc.	$263,332	19.7K
LOPEGrand Canyon Education, Inc.	$256,235	1.5K
SNDXSyndax Pharmaceuticals Inc	$255,885	11.0K
CNXCConcentrix Corp	$254,470	9.3K
LTHLife Time Group Holdings, Inc.	$253,291	9.4K
POWIPower Integrations Inc	$252,243	4.9K
AOSA. O. Smith	$246,348	3.7K
WLDNWilldan Group, Inc.	$245,834	3.2K
SDRLSeadrill Ltd	$241,515	5.3K
APAMArtisan Partners Asset Management Inc.	$240,595	6.6K
UGPUltrapar Holdings Inc	$239,948	43.5K
NICENice Ltd.	$234,964	2.1K
QLYSQualys, Inc.	$232,803	2.6K

Technology34.3%
Industrials13.2%
Financials12.1%
Consumer Discretionary9.5%
Health Care8.9%
Consumer Staples6.3%
Communication Services5.6%
Utilities2.9%
Energy2.8%
Real Estate2.4%
Materials2.0%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestJanuary 17, 2020 to November 2, 2026	+11.9%	+14.5%	0.54	0.65	−30.8%	0.96
Last three yearsNovember 3, 2023 to November 2, 2026	+18.3%	+21.8%	1.01	1.16	−16.5%	0.91
Last yearNovember 7, 2025 to November 2, 2026	+13.7%	+14.2%	0.88	0.84	−8.1%	0.86

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.