MFG

Merit Financial Group Portfolio holdings

AUM $6.67B

AUM

$6.67B

AUM Growth

+$1.11B (+20%)

Cap. Flow

+$1.26B

Cap. Flow % of AUM

18.83%

Top 10 Holdings %Top 10 Hldgs %

22.65%

Holding

1,450

New

303

Increased

824

Reduced

249

Closed

Top Buys

1	iShares MSCI ACWI ex US ETF ACWX	$94.4M
2	iShares Core S&P US Growth ETF IUSG	$75.9M
3	BlackRock US Equity Factor Rotation ETF DYNF	$61.4M
4	iShares Core S&P US Value ETF IUSV	$56M
5	iShares MSCI USA Quality Factor ETF QUAL	$54.1M

Top Sells

1	Invesco S&P 500 Low Volatility ETF SPLV	$88M
2	iShares Core MSCI EAFE ETF IEFA	$79.5M
3	Vanguard FTSE Developed Markets ETF VEA	$18.1M
4	Vanguard Short-Term Treasury ETF VGSH	$13.9M
5	American Century Diversified Corporate Bond ETF KORP	$12.5M

Sector Composition

1	Technology	8.65%
2	Financials	5.17%
3	Industrials	4.28%
4	Healthcare	3.19%
5	Consumer Discretionary	3.07%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Amazon AMZN $2.14T	$59.1M	0.89%	310,844 +27,181	+10%	+$5.17M
27	27 iShares Broad USD Investment Grade Corporate Bond ETF USIG $13.5B	$58.8M	0.88%	1,151,888 -160,655	-12%	-$8.21M
28	28 Avantis Emerging Markets Equity ETF AVEM $9.71B	$52.1M	0.78%	865,080 +151,556	+21%	+$9.12M
29	29 Berkshire Hathaway Class B BRK.B $1.09T	$48.4M	0.72%	90,837 +8,308	+10%	+$4.42M
30	30 iShares MSCI EAFE Growth ETF EFG $12.9B	$44.9M	0.67%	448,737 +189,039	+73%	+$18.9M
31	31 SPDR S&P 500 ETF Trust SPY $617B	$43.1M	0.65%	76,989 -17,907	-19%	-$10M
32	32 Invesco S&P 500 Low Volatility ETF SPLV $7.94B	$41.4M	0.62%	553,467 -1,177,689	-68%	-$88M
33	33 Vanguard Short-Term Treasury ETF VGSH $22.4B	$40.3M	0.6%	686,080 -237,110	-26%	-$13.9M
34	34 SPDR Portfolio S&P 500 Growth ETF SPYG $34B	$40M	0.6%	497,933 -105,322	-17%	-$8.46M
35	35 Vanguard Mid-Cap ETF VO $79.8B	$39.8M	0.6%	153,946 +96,228	+167%	+$24.9M
36	36 Vanguard Small-Cap ETF VB $60.5B	$39.4M	0.59%	177,886 +95,664	+116%	+$21.2M
37	37 iShares Core MSCI Emerging Markets ETF IEMG $88.3B	$38.1M	0.57%	705,465 +172,147	+32%	+$9.29M
38	38 Janus Henderson AAA CLO ETF JAAA $20.8B	$36.1M	0.54%	712,718 +534,467	+300%	+$27.1M
39	39 Meta Platforms (Facebook) META $1.6T	$35.1M	0.53%	60,974 +9,746	+19%	+$5.62M
40	40 Vanguard Value ETF VTV $132B	$32.8M	0.49%	189,826 +49,613	+35%	+$8.57M
41	41 Alphabet (Google) Class A GOOGL $2.05T	$31.9M	0.48%	206,512 +29,508	+17%	+$4.56M
42	42 SPDR Portfolio S&P 600 Small Cap ETF SPSM $10.8B	$31.4M	0.47%	771,066 -204,181	-21%	-$8.32M
43	43 iShares MSCI Emerging Markets ex China ETF EMXC $15.3B	$31.1M	0.47%	563,746 +351,217	+165%	+$19.3M
44	44 SPDR Portfolio S&P 500 ETF SPLG $66.8B	$30.3M	0.45%	461,509 -172,922	-27%	-$11.4M
45	45 PIMCO Enhanced Short Maturity Active Exchange-Traded Fund MINT $13.2B	$29.9M	0.45%	297,182 +34,909	+13%	+$3.51M
46	46 iShares US Technology ETF IYW $19.7B	$29M	0.43%	206,402 +123,005	+147%	+$17.3M
47	47 Vanguard High Dividend Yield ETF VYM $58.5B	$28.6M	0.43%	221,568 +87,209	+65%	+$11.2M
48	48 JPMorgan Chase JPM $725B	$27.3M	0.41%	111,410 +15,781	+17%	+$3.87M
49	49 Exxon Mobil XOM $447B	$27M	0.4%	227,310 +24,833	+12%	+$2.95M
50	50 First Trust Institutional Preferred Securities and Income ETF FPEI $1.55B	$27M	0.4%	1,443,703	New	+$27M