Merit Financial Group portfolio

What changed this quarter

2154 positions with a change (297 new, 1087 added to, 684 trimmed, 86 sold); also, 7 entered through an IPO, 12 exited through an acquisition or merger, 4 entered through a spin-off. 1 is listed here: those of 0.5 points of the portfolio or more (up to 12).

• Vanguard World Fund+34%more sharesIncreased
  1.5% → 2.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Victory Portfolios IIUSTB · VFLO · UBND2.7%
• Vanguard Mrngstar GR ETF-sui ETFVUG2.6%
• iShares Core S&P U.s. Growth ETFIUSG2.4%
• AppleAAPL2.2%
• GMO ETF TrustQLTY2.2%
• iShares Core S&P U.s. Value ETFIUSV2.0%
• Vanguard World FundMGK2.0%
• BlackRock ETF TrustDYNF1.9%
• Vanguard World FundMGV1.7%
• iShares Core S&P 500 ETFIVV1.6%
• NVIDIANVDA1.6%
• Vanguard Mrngstr Val ETF-aui ETFVTV1.4%
• AlphabetGOOGL · GOOG1.4%
• BlackRock ETF TrustCORO1.3%
• MicrosoftMSFT1.2%
• Vanguard S&P 500 ETFVOO1.2%
• State Street SPDR P Int Term TSY ETFSPTI1.1%
• Invesco QQQ Trust Series 1 ETFQQQ1.1%
• American Centy ETF TrAVNM1.1%
• State Street SPDR Msci Acwi ETFCWI0.9%
• iShares US Treasury Bond ETFGOVT0.9%
• Amazon.comAMZN0.9%
• BlackRock ETF Trust IIBINC0.9%
• IsharesIEMG0.8%
• iShares MBS ETFMBB0.8%
• Vanguard Index FundsVO0.8%
• BlackRock ETF TrustBAI0.7%
• iShares Msci Eafe Value ETFEFV0.7%
• BroadcomAVGO0.7%
• Vanguard Index FundsVTI0.7%
• Capital Group Core Equity ETCGUS0.6%
• Vanguard Most Sm-cap ETF-usd ETFVB0.6%
• iShares Msci USA Momentum FA ETFMTUM0.6%
• Vanguard Total Bond Market ETFBND0.6%
• United Parcel ServiceUPS0.6%
• Capital Group Growth ETFCGGR0.6%
• Capital Group Dividend ValueCGDV0.5%
• Janus Henderson AAA CLO ETFJAAA0.5%
• JPMorgan ChaseJPM0.5%
• Vanguard Mortgage-backed Sec ETFVMBS0.5%
• Berkshire HathawayBRK/B0.4%
• Global X Defense Tech ETFSHLD0.4%
• iShares Msci Eafe Growth ETFEFG0.4%
• BlackRock ETF TrustTHRO0.4%
• Vanguard Ftse Developed ETFVEA0.4%
• State Street SPDR P S&P 500 Growth ETFSPYG0.4%
• Micron TechnologyMU0.4%
• State Str Spdr S&P 500 ETF TSPY0.4%
• State Street SPDR BB 1-3m T-bill ETFBIL0.4%
• Schwab US Large-cap Growth ETFSCHG0.4%
• Schwab Short-term US Treas ETFSCHO0.4%
• Exxon MobilXOM0.4%
• Capital GRP Fixed Incm ETF TCGCB0.3%
• Capital GRP Fixed Incm ETF TCGCP0.3%
• Eli LillyLLY0.3%
• Meta PlatformsMETA0.3%
• Johnson & JohnsonJNJ0.3%
• CaterpillarCAT0.3%
• Capital GRP Fixed Incm ETF TCGSD0.3%
• WalmartWMT0.3%
• TeslaTSLA0.3%
• Dimensional ETF TrustDFAC0.3%
• Schwab US DVD Equity ETFSCHD0.3%
• Vanguard High DVD Yield ETFVYM0.3%
• Cap Group Small and Mid Cap ETFCGMM0.3%
• BlackRock ETF TrustIALT0.3%
• Applied MaterialsAMAT0.3%
• Procter & GamblePG0.3%
• iShares Core Msci Eafe ETFIEFA0.3%
• BlackRock ETF Trust IIGGOV0.3%
• Capital Group InternationalCGIC0.3%
• Costco WholesaleCOST0.3%
• Advanced Micro DevicesAMD0.2%
• First Tr Exch Traded Fund IIIFTLS0.2%
• iShares National Muni Bond E ETFMUB0.2%
• STE Str SPDR PT S&P 500 ETFSPYM0.2%
• iShares Msci USA Quality FAC ETFQUAL0.2%
• iShares Core S&P Small-cap E ETFIJR0.2%
• SEI QIM US Large Cap Momentu ETFSEIM0.2%
• Home DepotHD0.2%
• Vanguard Tax-exempt Bond ETFVTEB0.2%
• iShares Short-term National ETFSUB0.2%
• iShares Gold Trust ETFIAU0.2%
• VisaV0.2%
• Lam ResearchLRCX0.2%
• iShares S&P 500 Growth ETFIVW0.2%
• Cisco SystemsCSCO0.2%
• GE AerospaceGE0.2%
• Neos ETF TrustQQQI0.2%
• Schwab US Small-cap ETFSCHA0.2%
• Vanguard Index FundsVBR0.2%
• ChevronCVX0.2%
• Schwab US Large-cap Value ETFSCHV0.2%
• Pimco Enhanced Short Maturit ETFMINT0.2%
• Vanguard Admiral FundsVOOG0.2%
• Capital GRP Fixed Incm ETF TCGUI0.2%
• Coca-ColaKO0.2%