Merit Financial Group, LLC

13F filer, CIK 1621225, ALPHARETTA, GA

Merit Financial Group, LLC reported $5,565,371,123 across 1,149 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-01-15. Its ten largest share positions make up 25.73% of the portfolio.

Filed 2025-01-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:55 UTC13F-HR 0001621225-25-000002

Period: 2024-12-31
Reported value: $5.57B
Holdings: 1,149
Top 10 weight: 25.73%
New: 373
Sold out: 53

Largest buys vs the previous quarter

Security	Shares change	Approx. value
SPLVadded	+1,716,566	$120M
QLTYnew	+3,701,955	$118M
AVEMadded	+591,800	$34.8M
AAPLadded	+109,741	$27.5M
QQQadded	+49,699	$25.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
VOOreduced	-146,047	-$78.7M
IUSVreduced	-563,545	-$52.2M
VUGreduced	-69,308	-$28.4M
VTIreduced	-82,442	-$23.9M
UPSreduced	-88,962	-$11.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0001621225-25-000002, largest first. % of portfolio is the value over $5,561,933,926, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
WBDWARNER BROS DISCOVERY INC	23,895	$253K	<0.01%	-2,169	Timeline
QQQEDIREXION SHARES ETF TRUST	2,813	$253K	<0.01%	new	Timeline
BLDRBUILDERS FIRSTSOURCE INC	1,758	$251K	<0.01%	new	Timeline
MTDRMATADOR RES CO	4,463	$251K	<0.01%	new	Timeline
MOATVANECK ETF TRUST	2,706	$251K	<0.01%	new	Timeline
TTCTORO CO	3,127	$250K	<0.01%	new	Timeline
AGOASSURED GUARANTY LTD	2,776	$250K	<0.01%	new	Timeline
SHVISHARES TR	2,267	$250K	<0.01%	+38	Timeline
AIQGLOBAL X FDS	6,445	$249K	<0.01%	new	Timeline
CSGPCOSTAR GROUP INC	3,458	$248K	<0.01%	new	Timeline
EPAMEPAM SYS INC	1,046	$245K	<0.01%	new	Timeline
SAICSCIENCE APPLICATIONS INTL CO	2,185	$244K	<0.01%	new	Timeline
OZBELPOINTE PREP LLC	3,150	$244K	<0.01%	0	Timeline
MGMMGM RESORTS INTERNATIONAL	7,008	$243K	<0.01%	new	Timeline
EVREVERCORE INC	874	$242K	<0.01%	new	Timeline
HXLHEXCEL CORP NEW	3,862	$242K	<0.01%	new	Timeline
EMNEASTMAN CHEM CO	2,651	$242K	<0.01%	new	Timeline
MANMANPOWERGROUP INC WIS	4,182	$241K	<0.01%	new	Timeline
TFISPDR SERIES TRUST	5,286	$241K	<0.01%	+320	Timeline
BUFGFIRST TR EXCHNG TRADED FD VI	9,808	$240K	<0.01%	0	Timeline
DVNDEVON ENERGY CORP NEW	7,328	$240K	<0.01%	new	Timeline
BIDUBAIDU INC	2,835	$239K	<0.01%	-164	Timeline
PGXINVESCO EXCH TRADED FD TR II	20,726	$239K	<0.01%	-116	Timeline
QTECFIRST TR EXCHANGE-TRADED FD	1,269	$239K	<0.01%	new	Timeline
HYLBDBX ETF TR	6,612	$239K	<0.01%	-261	Timeline
TELTE CONNECTIVITY PLC	1,658	$237K	<0.01%	new	Timeline
KVUEKENVUE INC	11,094	$237K	<0.01%	new	Timeline
CUSHMAN & WAKEFIELD UK HOLDCCUSHMAN & WAKEFIELD UK HOLDC	18,054	$236K	<0.01%	+3,054
SOLVSOLVENTUM CORP	3,564	$235K	<0.01%	new	Timeline
EXASEXACT SCIENCES CORP	4,190	$235K	<0.01%	new	Timeline
WWDWOODWARD INC	1,413	$235K	<0.01%	new	Timeline
JBLJABIL INC	1,633	$235K	<0.01%	new	Timeline
TOSTTOAST INC	6,409	$234K	<0.01%	new	Timeline
VSTSVESTIS CORPORATION	15,326	$234K	<0.01%	new	Timeline
APAMARTISAN PARTNERS ASSET MGMT	5,422	$233K	<0.01%	new	Timeline
AYIACUITY INC	794	$232K	<0.01%	new	Timeline
ETXEATON VANCE MUN INCOME TERM	13,129	$231K	<0.01%	new	Timeline
NINISOURCE INC	6,267	$230K	<0.01%	new	Timeline
FDNFIRST TR EXCHANGE-TRADED FD	945	$230K	<0.01%	-139	Timeline
SIRISIRIUSXM HOLDINGS INC	10,039	$229K	<0.01%	new	Timeline
IRINGERSOLL RAND INC	2,529	$229K	<0.01%	new	Timeline
DXCMDEXCOM INC	2,933	$228K	<0.01%	new	Timeline
BHCBAUSCH HEALTH COS INC	28,245	$228K	<0.01%	new	Timeline
AREALEXANDRIA REAL ESTATE EQ IN	2,332	$228K	<0.01%	new	Timeline
MTCHMATCH GROUP INC NEW	6,955	$227K	<0.01%	new	Timeline
ROLROLLINS INC	4,847	$225K	<0.01%	new	Timeline
SNVSYNOVUS FINANCIAL CORP	4,378	$224K	<0.01%	new	Timeline
ANAUTONATION INC	1,315	$223K	<0.01%	new	Timeline
REGREGENCY CTRS CORP	3,014	$223K	<0.01%	new	Timeline
PDTHANCOCK JOHN PREM DIVID FD	17,461	$222K	<0.01%	+157	Timeline
DISCOVER FINL SVCSDISCOVER FINL SVCS	1,277	$221K	<0.01%	new
ALBALBEMARLE CORP	2,555	$220K	<0.01%	new	Timeline
EWTISHARES INC	4,240	$219K	<0.01%	new	Timeline
MKLMARKEL GROUP INC	127	$219K	<0.01%	new	Timeline
WCLDWISDOMTREE TR	5,840	$219K	<0.01%	new	Timeline
BXPBXP INC	2,942	$219K	<0.01%	new	Timeline
XPOXPO INC	1,666	$218K	<0.01%	new	Timeline
VIOGVANGUARD ADMIRAL FDS INC	1,876	$218K	<0.01%	-206	Timeline
ORCORCHID IS CAP INC	28,017	$218K	<0.01%	+337	Timeline
CNHCNH INDL N V	19,142	$217K	<0.01%	new	Timeline
XMLVINVESCO EXCH TRADED FD TR II	3,563	$217K	<0.01%	+11	Timeline
GPKGRAPHIC PACKAGING HLDG CO	7,968	$216K	<0.01%	new	Timeline
WINGWINGSTOP INC	761	$216K	<0.01%	new	Timeline
TRGPTARGA RES CORP	1,209	$216K	<0.01%	new	Timeline
BFAMBRIGHT HORIZONS FAM SOL IN D	1,944	$215K	<0.01%	new	Timeline
UGIUGI CORP NEW	7,620	$215K	<0.01%	new	Timeline
BARRICK GOLD CORPBARRICK GOLD CORP	13,829	$214K	<0.01%	+3,712
EQTEQT CORP	4,648	$214K	<0.01%	new	Timeline
TMTOYOTA MOTOR CORP	1,101	$214K	<0.01%	new	Timeline
XLRESELECT SECTOR SPDR TR	5,264	$214K	<0.01%	+506	Timeline
VACMARRIOTT VACATIONS WORLDWIDE	2,383	$214K	<0.01%	new	Timeline
KMPRKEMPER CORP	3,196	$212K	<0.01%	new	Timeline
MFCMANULIFE FINL CORP	6,897	$212K	<0.01%	new	Timeline
DFSDDIMENSIONAL ETF TRUST	4,511	$211K	<0.01%	new	Timeline
AOAISHARES TR	2,758	$211K	<0.01%	new	Timeline
VTIPVANGUARD MALVERN FDS	4,337	$210K	<0.01%	new	Timeline
CWCURTISS WRIGHT CORP	591	$210K	<0.01%	new	Timeline
USXFISHARES TR	4,215	$210K	<0.01%	new	Timeline
CNACNA FINL CORP	4,298	$208K	<0.01%	new	Timeline
ANSYS INCANSYS INC	616	$208K	<0.01%	new
ORIOLD REP INTL CORP	5,728	$207K	<0.01%	new	Timeline
IBNICICI BK LTD	6,931	$207K	<0.01%	new	Timeline
MSMLISHARES TR	3,517	$206K	<0.01%	-256	Timeline
AMHAMERICAN HOMES 4 RENT	5,508	$206K	<0.01%	new	Timeline
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	2,465	$206K	<0.01%	new
SFSTIFEL FINL CORP	1,936	$205K	<0.01%	new	Timeline
CWBSPDR SERIES TRUST	2,636	$205K	<0.01%	new	Timeline
ICFISHARES TR	3,406	$205K	<0.01%	-488	Timeline
LWLAMB WESTON HLDGS INC	3,066	$205K	<0.01%	-9,661	Timeline
XDSQINNOVATOR ETFS TRUST	5,621	$205K	<0.01%	new	Timeline
EXCEXELON CORP	5,438	$205K	<0.01%	new	Timeline
ETSYETSY INC	3,855	$204K	<0.01%	new	Timeline
PEGAPEGASYSTEMS INC	2,184	$204K	<0.01%	new	Timeline
BROBROWN & BROWN INC	1,993	$203K	<0.01%	new	Timeline
AVYAVERY DENNISON CORP	1,084	$203K	<0.01%	new	Timeline
GDXVANECK ETF TRUST	5,979	$203K	<0.01%	+248	Timeline
SLMSLM CORP	7,331	$202K	<0.01%	new	Timeline
EMCBWISDOMTREE TR	3,088	$200K	<0.01%	new	Timeline
WEXWEX INC	1,143	$200K	<0.01%	new	Timeline
BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC	3,093	$200K	<0.01%	new
ETVEATON VANCE TAX-MANAGED BUY-	12,781	$184K	<0.01%	+592	Timeline
ADTADT INC DEL	26,232	$181K	<0.01%	new	Timeline
CDECOEUR MNG INC	31,574	$181K	<0.01%	+1,607	Timeline
MFGMIZUHO FINANCIAL GROUP INC	36,062	$176K	<0.01%	new	Timeline
NZFNUVEEN MUN CR INCOME FD	14,464	$176K	<0.01%	+2,868	Timeline
HPIHANCOCK JOHN PFD INCOME FD	10,516	$175K	<0.01%	new	Timeline
NWGNATWEST GROUP PLC	17,074	$174K	<0.01%	new	Timeline
LYFTLYFT INC	13,110	$169K	<0.01%	new	Timeline
ACNTASCENT INDUSTRIES CO	14,497	$162K	<0.01%	0	Timeline
NUNU HLDGS LTD	15,309	$159K	<0.01%	new	Timeline
HLNHALEON PLC	15,960	$152K	<0.01%	new	Timeline
PKPARK HOTELS & RESORTS INC	10,342	$146K	<0.01%	new	Timeline
XFOFXCOHEN & STEERS CLOSED-END	11,280	$143K	<0.01%	+211	Timeline
NWLNEWELL BRANDS INC	13,818	$138K	<0.01%	new	Timeline
XPXP INC	11,572	$137K	<0.01%	new	Timeline
NADNUVEEN QUALITY MUNCP INCOME	11,335	$132K	<0.01%	new	Timeline
VALEVALE S A	14,435	$128K	<0.01%	new	Timeline
KOSKOSMOS ENERGY LTD	37,098	$127K	<0.01%	new	Timeline
AMCOR PLCAMCOR PLC	13,458	$127K	<0.01%	new
WUWESTERN UN CO	11,915	$126K	<0.01%	new	Timeline
REDFIN CORPREDFIN CORP	15,848	$125K	<0.01%	+1,529
ASXASE TECHNOLOGY HLDG CO LTD	11,812	$119K	<0.01%	new	Timeline
IBRXIMMUNITYBIO INC	43,809	$112K	<0.01%	+9	Timeline
LUMNLUMEN TECHNOLOGIES INC	20,889	$111K	<0.01%	new	Timeline
SANBANCO SANTANDER SA	24,153	$110K	<0.01%	+10,907	Timeline
MPTMEDICAL PROPERTIES TRUST INC	27,276	$108K	<0.01%	-123	Timeline
ERICTELEFONAKTIEBOLAGET LM ERICS	13,287	$107K	<0.01%	new	Timeline
JOBYJOBY AVIATION INC	12,926	$105K	<0.01%	+626	Timeline
PLTKPLAYTIKA HLDG CORP	14,830	$103K	<0.01%	new	Timeline
PCFHIGH INCOME SECS FD	15,247	$99.6K	<0.01%	+419	Timeline
IGRCBRE GBL REAL ESTATE INC FD	20,231	$97.3K	<0.01%	+523	Timeline
STKLSUNOPTA INC	12,249	$94.3K	<0.01%	+98	Timeline
FIPFTAI INFRASTRUCTURE INC	12,528	$91K	<0.01%	+73	Timeline
POWWOUTDOOR HOLDING CO	76,220	$83.8K	<0.01%	+4,770	Timeline
PSECPROSPECT CAP CORP	18,266	$78.7K	<0.01%	new	Timeline
ACPABRDN INCOME CREDIT STRATEGI	13,159	$78.6K	<0.01%	+400	Timeline
VERVE THERAPEUTICS INCVERVE THERAPEUTICS INC	12,060	$68K	<0.01%	+535
REKRREKOR SYSTEMS INC	31,585	$49.3K	<0.01%	-465	Timeline
TELFYTELEFONICA SA-SPON ADR	11,672	$46.9K	<0.01%	new	Timeline
LOTLOTUS TECHNOLOGY INC	12,760	$46.1K	<0.01%	new	Timeline
LYGLLOYDS BANKING GROUP PLC	11,517	$31.3K	<0.01%	-3,106	Timeline
ABSIABSCI CORPORATION	11,759	$30.8K	<0.01%	-240	Timeline
BTBTBIT DIGITAL INC	10,224	$30K	<0.01%	+216	Timeline
TILRAY INCTILRAY INC	10,663	$14.2K	<0.01%	-4,529
CTSOCYTOSORBENTS CORP	15,000	$13.7K	<0.01%	0	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	254,600	$3.23M	+3,700
SOXLDIREXION SHARES ETF TRUST DAI SEM BUL ETF	call	17,600	$211K	new

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
LYFT INCLYFT INC NOTE 1.500% 5/1	principal	240,000	$235K	new
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1	principal	15,000	$4.2K	0

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
BLACKROCK INCBLACKROCK INC	10,290	$9.77M	shares
ISHARESISHARES	303,965	$7.66M	shares
LAM RESEARCH CORPLAM RESEARCH CORP	1,354	$1.1M	shares
SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY CO	139,670	$993K	shares
ARISTA NETWORKS INCARISTA NETWORKS INC	2,517	$966K	shares
IVTINVENTRUST PPTYS CORP	30,951	$878K	shares
HASIHA SUSTAINABLE INFRA CAP INC	20,965	$723K	shares
HOMBHOME BANCSHARES INC	18,510	$501K	shares
LOVELOVESAC CO	15,020	$430K	shares
TCBITEXAS CAP BANCSHARES INC	5,201	$372K	shares
MIDDMIDDLEBY CORP	2,459	$342K	shares
CLMBCLIMB GLOBAL SOLUTIONS INC	3,373	$336K	shares
BKCHGLOBAL X FDS	6,981	$328K	shares
IEFISHARES TR	3,194	$313K	shares
PBJINVESCO EXCHANGE TRADED FD T	6,480	$313K	shares
SCHPSCHWAB STRATEGIC TR	5,518	$296K	shares
AGZISHARES TR	2,680	$296K	shares
SYLDCAMBRIA ETF TR	3,839	$278K	shares
DGTSPDR SERIES TRUST	1,989	$274K	shares
SLQDISHARES TR	5,424	$274K	shares
DEMWISDOMTREE TR	5,999	$264K	shares
FRELFIDELITY COVINGTON TRUST	8,738	$258K	shares
FVFIRST TR EXCHANGE TRADED FD	4,308	$251K	shares
IDEVISHARES TR	3,523	$250K	shares
CIONCION INVT CORP	20,689	$246K	shares
FTCSFIRST TR EXCHANGE-TRADED FD	2,591	$235K	shares
Grayscale Bitcoin Minitrust…Grayscale Bitcoin Minitrust ETF	41,790	$235K	shares
IDRVISHARES TR	7,342	$233K	shares
WPCWP CAREY INC	3,627	$226K	shares
JPCNUVEEN PFD & INCOME OPPORTUN	27,646	$223K	shares
VIRCVIRCO MFG CO	16,089	$222K	shares
FTSMFIRST TR EXCHANGE-TRADED FD	3,669	$220K	shares
SCHASCHWAB STRATEGIC TR	4,067	$209K	shares
SPHDINVESCO EXCH TRADED FD TR II	4,125	$209K	shares
IVOOVANGUARD ADMIRAL FDS INC	1,969	$208K	shares
DVYEISHARES INC	7,170	$206K	shares
STXSEAGATE TECHNOLOGY HLDNGS PL	1,839	$201K	shares
FLHYFRANKLIN TEMPLETON ETF TR	8,227	$201K	shares
BBDCBARINGS BDC INC	20,451	$200K	shares
BHPBHP BILLITON LIMITED	3,221	$200K	shares
FPEFIRST TR EXCH TRADED FD III	10,993	$199K	shares
FXNFIRST TR EXCHANGE-TRADED FD	11,673	$189K	shares
TSLATESLA INC	18,600	$183K	call
CVBFCVB FINL CORP	10,053	$179K	shares
MILLER HOWARD HIGH INC EQTYMILLER HOWARD HIGH INC EQTY	10,774	$131K	shares
DNPDNP SELECT INCOME FD INC	11,606	$117K	shares
USALIBERTY ALL STAR EQUITY FD	11,733	$83.3K	shares
NVDANVIDIA CORPORATION	10,000	$51.7K	put
SNDLSNDL INC	13,211	$27.2K	shares
DANIMER SCIENTIFIC INCDANIMER SCIENTIFIC INC	30,000	$13.6K	shares
AQUA METALS INCAQUA METALS INC	35,950	$6.72K	shares
ENVIVA INCENVIVA INC	12,113	$4.9K	shares
FUELCELL ENERGY INCFUELCELL ENERGY INC	10,225	$3.89K	shares

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001621225-25-000002	base		2025-01-15	acceptance time not in the bulk data set	2026-10-07 18:25:55 UTC