Merit Financial Group, LLC

13F filer, CIK 1621225, ALPHARETTA, GA

Merit Financial Group, LLC reported $6,676,477,810 across 1,399 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-04-09. Its ten largest share positions make up 22.65% of the portfolio.

Filed 2025-04-09 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001621225-25-000003

Period: 2025-03-31
Reported value: $6.68B
Holdings: 1,399
Top 10 weight: 22.65%
New: 304
Sold out: 54

Largest buys vs the previous quarter

Security	Shares change	Approx. value
ACWXadded	+1,701,588	$94.4M
IUSGadded	+597,055	$75.9M
DYNFadded	+1,259,180	$61.4M
IUSVadded	+606,410	$56M
QUALadded	+316,297	$54.1M

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
SPLVreduced	-1,177,689	-$88M
IEFAreduced	-1,050,510	-$79.5M
VEAreduced	-356,571	-$18.1M
VGSHreduced	-237,110	-$13.9M
KORPreduced	-267,130	-$12.5M

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, Q1 2025

Share positions as resolved from 13F-HR 0001621225-25-000003, largest first. % of portfolio is the value over $6,671,705,734, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
EHCENCOMPASS HEALTH CORP	4,220	$427K	0.01%	+166	Timeline
CBOECBOE GLOBAL MKTS INC	1,882	$426K	0.01%	new	Timeline
TAPMOLSON COORS BEVERAGE CO	6,992	$426K	0.01%	+4	Timeline
FAUGFIRST TR EXCHNG TRADED FD VI	9,331	$424K	0.01%	-97	Timeline
KMTKENNAMETAL INC	19,922	$424K	0.01%	new	Timeline
INGRINGREDION INC	3,133	$424K	0.01%	+852	Timeline
CRUSCIRRUS LOGIC INC	4,250	$424K	0.01%	new	Timeline
INGING GROEP N.V.	21,617	$423K	0.01%	new	Timeline
FELGFIDELITY COVINGTON TRUST	13,298	$419K	0.01%	new	Timeline
IYHISHARES TR	6,868	$418K	0.01%	+1,323	Timeline
ZBHZIMMER BIOMET HOLDINGS INC	3,691	$418K	0.01%	+27	Timeline
TAXFAMERICAN CENTY ETF TR	8,425	$417K	0.01%	-1,976	Timeline
SWKSSKYWORKS SOLUTIONS INC	6,418	$415K	0.01%	new	Timeline
CPAYCORPAY INC	1,187	$414K	0.01%	-380	Timeline
LDOSLEIDOS HOLDINGS INC	3,052	$412K	0.01%	new	Timeline
AWIARMSTRONG WORLD INDS INC NEW	2,913	$410K	0.01%	new	Timeline
SELVSEI EXCHANGE TRADED FUNDS	13,376	$409K	0.01%	new	Timeline
NUSCNUSHARES ETF TR	10,672	$409K	0.01%	-5,279	Timeline
PTLCPACER FDS TR	7,942	$409K	0.01%	-120	Timeline
DXCMDEXCOM INC	5,933	$405K	0.01%	+3,000	Timeline
TXTTEXTRON INC	5,569	$402K	0.01%	+785	Timeline
OZKBANK OZK LITTLE ROCK ARK	9,232	$401K	0.01%	+2,329	Timeline
GOFGUGGENHEIM STRATEGIC OPPORTU	25,649	$399K	0.01%	+434	Timeline
CGNGCAPITAL GROUP NEW GEOGRAPHY	15,856	$399K	0.01%	new	Timeline
IYJISHARES TR	3,053	$397K	0.01%	0	Timeline
WPCWP CAREY INC	6,288	$397K	0.01%	new	Timeline
BARRICK GOLD CORPBARRICK GOLD CORP	20,250	$394K	0.01%	+6,421
TYLTYLER TECHNOLOGIES INC	677	$394K	0.01%	+148	Timeline
WPMWHEATON PRECIOUS METALS CORP	5,069	$394K	0.01%	+251	Timeline
IBDNORTHERN LTS FD TR IV	16,512	$392K	0.01%	+55	Timeline
ADMARCHER DANIELS MIDLAND CO	8,134	$391K	0.01%	+2,790	Timeline
BURLBURLINGTON STORES INC	1,638	$390K	0.01%	+456	Timeline
HLNHALEON PLC	37,935	$390K	0.01%	+21,975	Timeline
KEXKIRBY CORP	3,864	$390K	0.01%	new	Timeline
SEEMSEI EXCHANGE TRADED FUNDS	15,734	$390K	0.01%	new	Timeline
CIBRFIRST TR EXCHANGE-TRADED FD	6,165	$388K	0.01%	-378	Timeline
UALUNITED AIRLS HLDGS INC	5,605	$387K	0.01%	new	Timeline
TFLOISHARES TR	7,638	$387K	0.01%	-6,090	Timeline
MGMMGM RESORTS INTERNATIONAL	12,968	$384K	0.01%	+5,960	Timeline
TTDTHE TRADE DESK INC	6,988	$382K	0.01%	+118	Timeline
PPCPILGRIMS PRIDE CORP	7,011	$382K	0.01%	new	Timeline
AYIACUITY INC	1,451	$382K	0.01%	+657	Timeline
EXASEXACT SCIENCES CORP	8,799	$381K	0.01%	+4,609	Timeline
QUSSPDR SERIES TRUST	2,421	$379K	0.01%	-44	Timeline
DVYISHARES TR	2,818	$378K	0.01%	-1,416	Timeline
BGBUNGE GLOBAL SA	4,942	$378K	0.01%	new	Timeline
IQLTISHARES TR	9,490	$377K	0.01%	0	Timeline
DBJPDBX ETF TR	5,070	$377K	0.01%	+45	Timeline
HRBBLOCK H & R INC	6,796	$373K	0.01%	-59	Timeline
PFFISHARES TR	12,091	$372K	0.01%	new	Timeline
ESGEISHARES INC	10,567	$369K	0.01%	new	Timeline
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	2,798	$369K	0.01%	+333
FVDFIRST TR EXCHANGE-TRADED FD	8,269	$369K	0.01%	-919	Timeline
TRGPTARGA RES CORP	1,837	$368K	0.01%	+628	Timeline
WTWWILLIS TOWERS WATSON PLC LTD	1,087	$367K	0.01%	new	Timeline
SUSUNCOR ENERGY INC NEW	9,429	$365K	0.01%	+1,165	Timeline
YUMCYUM CHINA HLDGS INC	7,006	$365K	0.01%	+330	Timeline
VIGIVANGUARD WHITEHALL FDS	4,381	$363K	0.01%	-143	Timeline
HLHECLA MINING COMPANY	64,867	$361K	0.01%	+101	Timeline
BROSDUTCH BROS INC	5,818	$359K	0.01%	new	Timeline
KDKYNDRYL HLDGS INC	11,421	$359K	0.01%	+1,963	Timeline
QJUNFIRST TR EXCHNG TRADED FD VI	13,548	$358K	0.01%	+3,192	Timeline
FJUNFIRST TR EXCHNG TRADED FD VI	7,173	$358K	0.01%	+1,151	Timeline
SEISSEI EXCHANGE TRADED FUNDS	15,035	$358K	0.01%	new	Timeline
NXPINXP SEMICONDUCTORS N V	1,881	$357K	0.01%	+149	Timeline
CNACNA FINL CORP	6,965	$354K	0.01%	+2,667	Timeline
HRLHORMEL FOODS CORP	11,400	$353K	0.01%	+3,191	Timeline
MKTXMARKETAXESS HLDGS INC	1,630	$353K	0.01%	new	Timeline
JAJLINNOVATOR ETFS TRUST	12,905	$351K	0.01%	-292	Timeline
CNQCANADIAN NAT RES LTD MED TER	11,197	$345K	0.01%	+1,975	Timeline
MUNIPIMCO ETF TR	6,686	$345K	0.01%	new	Timeline
WBSWEBSTER FINL CORP	6,680	$344K	0.01%	new	Timeline
LGLVSPDR SERIES TRUST	1,978	$344K	0.01%	+223	Timeline
RMDRESMED INC	1,535	$344K	0.01%	-476	Timeline
CWCURTISS WRIGHT CORP	1,083	$344K	0.01%	+492	Timeline
IPGPIPG PHOTONICS CORP	5,439	$343K	0.01%	new	Timeline
VMRKVIVMARK RESIDENTIAL	4,765	$341K	0.01%	-128	Timeline
FEXFIRST TR EXCHANGE-TRADED ALP	3,298	$338K	0.01%	+3	Timeline
EQHEQUITABLE HLDGS INC	6,480	$338K	0.01%	new	Timeline
ASHASHLAND INC	5,692	$337K	0.01%	new	Timeline
CASYCASEYS GEN STORES INC	775	$336K	0.01%	new	Timeline
COINCOINBASE GLOBAL INC	1,949	$336K	0.01%	+651	Timeline
CIENCIENA CORP	5,547	$335K	0.01%	+587	Timeline
SCHQSCHWAB STRATEGIC TR	10,200	$334K	0.01%	-812	Timeline
IVLUISHARES TR	11,008	$334K	0.01%	-32,027	Timeline
FNVFRANCO NEV CORP	2,113	$333K	<0.01%	new	Timeline
URIUNITED RENTALS INC	530	$332K	<0.01%	-757	Timeline
VBILVANGUARD INSTL INDEX FD	4,400	$332K	<0.01%	new	Timeline
CSGPCOSTAR GROUP INC	4,151	$329K	<0.01%	+693	Timeline
TMTOYOTA MOTOR CORP	1,845	$326K	<0.01%	+744	Timeline
XYLXYLEM INC	2,707	$323K	<0.01%	+312	Timeline
BROBROWN & BROWN INC	2,585	$322K	<0.01%	+592	Timeline
EVRGEVERGY INC	4,663	$322K	<0.01%	+288	Timeline
XSOEWISDOMTREE TR	10,392	$321K	<0.01%	-33	Timeline
BUFDFIRST TR EXCHNG TRADED FD VI	12,854	$321K	<0.01%	new	Timeline
NZFNUVEEN MUN CR INCOME FD	26,207	$321K	<0.01%	+11,743	Timeline
IEURISHARES TR	5,315	$320K	<0.01%	new	Timeline
OCTJINNOVATOR ETFS TRUST	13,444	$319K	<0.01%	-1,269	Timeline
MPABLACKROCK MUNIYIELD PA QUALI	28,475	$319K	<0.01%	new	Timeline
ODFLOLD DOMINION FREIGHT LINE IN	1,928	$319K	<0.01%	+372	Timeline
VIOOVANGUARD ADMIRAL FDS INC	3,290	$318K	<0.01%	+105	Timeline
OGEOGE ENERGY CORP	6,887	$317K	<0.01%	+382	Timeline
CFCF INDUSTRIES HOLD	4,037	$315K	<0.01%	new	Timeline
GNMAISHARES TR	7,167	$315K	<0.01%	-9,722	Timeline
PAGPENSKE AUTOMOTIVE GRP INC	2,155	$310K	<0.01%	+270	Timeline
ITRIITRON INC	2,962	$310K	<0.01%	+187	Timeline
THCTENET HEALTHCARE CORP	2,305	$310K	<0.01%	new	Timeline
TDIVFIRST TR EXCHANGE TRADED FD	4,201	$309K	<0.01%	-381	Timeline
IDVISHARES TR	9,947	$309K	<0.01%	-1,588	Timeline
IGIBISHARES TR	5,866	$308K	<0.01%	new	Timeline
HASHASBRO INC	4,980	$306K	<0.01%	new	Timeline
BIDUBAIDU INC	3,324	$306K	<0.01%	+489	Timeline
FTECFIDELITY COVINGTON TRUST	1,895	$306K	<0.01%	+155	Timeline
APRJINNOVATOR ETFS TRUST	12,464	$305K	<0.01%	-2,510	Timeline
BWABORGWARNER INC	10,655	$305K	<0.01%	-7,543	Timeline
MKLMARKEL GROUP INC	163	$305K	<0.01%	+36	Timeline
IGRCBRE GBL REAL ESTATE INC FD	58,852	$304K	<0.01%	+38,621	Timeline
NINISOURCE INC	7,523	$302K	<0.01%	+1,256	Timeline
RFGINVESCO EXCHANGE TRADED FD T	6,880	$302K	<0.01%	+2	Timeline
UGIUGI CORP NEW	9,055	$299K	<0.01%	+1,435	Timeline
CORTCORCEPT THERAPEUTICS INC	2,599	$297K	<0.01%	new	Timeline
HYLBDBX ETF TR	8,210	$297K	<0.01%	+1,598	Timeline
ICLRICON PUB LTD CO	1,692	$296K	<0.01%	+487	Timeline
IVTINVENTRUST PPTYS CORP	10,079	$296K	<0.01%	new	Timeline
TKOTKO GROUP HOLDINGS INC	1,934	$296K	<0.01%	new	Timeline
AIZASSURANT INC	1,406	$295K	<0.01%	+214	Timeline
FLRFLUOR CORP	8,179	$293K	<0.01%	new	Timeline
SILASILA REALTY TRUST INC	10,968	$293K	<0.01%	-938	Timeline
MTDRMATADOR RES CO	5,720	$292K	<0.01%	+1,257	Timeline
DFSVDIMENSIONAL ETF TRUST	10,332	$291K	<0.01%	+1,792	Timeline
DKSDICKS SPORTING GOODS INC	1,441	$290K	<0.01%	new	Timeline
TQQQPROSHARES TR	5,063	$290K	<0.01%	+795	Timeline
PHOINVESCO EXCHANGE TRADED FD T	4,481	$289K	<0.01%	-1,202	Timeline
SFLRINNOVATOR ETFS TRUST	9,199	$289K	<0.01%	-59	Timeline
MFCMANULIFE FINL CORP	9,255	$288K	<0.01%	+2,358	Timeline
ARWARROW ELECTRS INC	2,776	$288K	<0.01%	new	Timeline
HAYWHAYWARD HLDGS INC	20,685	$288K	<0.01%	+1,886	Timeline
WBDWARNER BROS DISCOVERY INC	26,737	$287K	<0.01%	+2,842	Timeline
CNHCNH INDL N V	23,232	$285K	<0.01%	+4,090	Timeline
CCJCAMECO CORP	6,888	$284K	<0.01%	new	Timeline
IXNISHARES TR	3,716	$281K	<0.01%	-15	Timeline
ONLNPROSHARES TR	6,484	$281K	<0.01%	-725	Timeline
JAZZJAZZ PHARMACEUTICALS PLC	2,265	$281K	<0.01%	new	Timeline
ANSYS INCANSYS INC	886	$280K	<0.01%	+270
IDLVINVESCO EXCH TRADED FD TR II	9,234	$280K	<0.01%	new	Timeline
DECWAIM ETF PRODUCTS TRUST	9,323	$279K	<0.01%	0	Timeline
RSPMINVESCO EXCHANGE TRADED FD T	8,787	$279K	<0.01%	-309	Timeline
SONYSONY GROUP CORP	10,954	$278K	<0.01%	new	Timeline
GLNGGOLAR LNG LTD	7,319	$278K	<0.01%	-44	Timeline
AVYAVERY DENNISON CORP	1,557	$277K	<0.01%	+473	Timeline
NETCLOUDFLARE INC	2,458	$277K	<0.01%	new	Timeline
NDAQNASDAQ INC	3,646	$277K	<0.01%	new	Timeline
ALLYALLY FINL INC	7,565	$276K	<0.01%	new	Timeline
COLBCOLUMBIA BKG SYS INC	11,029	$275K	<0.01%	new	Timeline
WWDWOODWARD INC	1,501	$274K	<0.01%	+88	Timeline
ITTITT INC	2,115	$273K	<0.01%	new	Timeline
BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC	3,913	$273K	<0.01%	+820
GENGEN DIGITAL INC	10,289	$273K	<0.01%	new	Timeline
YEARAB ACTIVE ETFS INC	5,372	$272K	<0.01%	-2,089	Timeline
NWGNATWEST GROUP PLC	22,744	$271K	<0.01%	+5,670	Timeline
EMQQEXCHANGE TRADED CONCEPTS TRU	7,091	$271K	<0.01%	new	Timeline
TCBITEXAS CAP BANCSHARES INC	3,616	$270K	<0.01%	new	Timeline
ARKBARK 21SHARES BITCOIN ETF	3,281	$270K	<0.01%	new	Timeline
NUMGNUSHARES ETF TR	6,276	$269K	<0.01%	+39	Timeline
PHGKONINKLIJKE PHILIPS N V	10,543	$268K	<0.01%	new	Timeline
PTNQPACER FDS TR	3,746	$266K	<0.01%	-728	Timeline
PEVERPURE INC	6,007	$266K	<0.01%	+891	Timeline
PUKPRUDENTIAL PLC	12,313	$265K	<0.01%	new	Timeline
NLYANNALY CAPITAL MANAGEMENT IN	13,030	$265K	<0.01%	new	Timeline
CPNGCOUPANG INC	12,052	$264K	<0.01%	new	Timeline
AMKRAMKOR TECHNOLOGY INC	14,595	$264K	<0.01%	+873	Timeline
SPGPINVESCO EXCHANGE TRADED FD T	2,637	$263K	<0.01%	-11,694	Timeline
AIRRFIRST TR EXCHANGE TRADED FD	3,855	$263K	<0.01%	new	Timeline
TOSTTOAST INC	7,892	$262K	<0.01%	+1,483	Timeline
CRBNISHARES TR	1,369	$262K	<0.01%	-156	Timeline
EMNEASTMAN CHEM CO	2,961	$261K	<0.01%	+310	Timeline
TNLTRAVEL PLUS LEISURE CO	5,633	$261K	<0.01%	new	Timeline
EUSBISHARES TR	6,009	$260K	<0.01%	new	Timeline
VLYVALLEY NATL BANCORP	29,223	$260K	<0.01%	new	Timeline
WTFCWINTRUST FINL CORP	2,295	$258K	<0.01%	+187	Timeline
FFFUTUREFUEL CORP	65,972	$257K	<0.01%	-4,169	Timeline
CHECHEMED CORP NEW	417	$257K	<0.01%	new	Timeline
KNTKKINETIK HOLDINGS INC	4,939	$257K	<0.01%	+9	Timeline
ASXASE TECHNOLOGY HLDG CO LTD	29,098	$255K	<0.01%	+17,286	Timeline
XEMDXWESTERN ASSET EMERGING MKTS	25,756	$255K	<0.01%	new	Timeline
FRPTFRESHPET INC	3,062	$255K	<0.01%	new	Timeline
CACICACI INTL INC	694	$255K	<0.01%	-520	Timeline
FWONKLIBERTY MEDIA CORP DEL	2,826	$254K	<0.01%	new	Timeline
FNFABRINET	1,286	$254K	<0.01%	new	Timeline
ACVFETF OPPORTUNITIES TRUST	5,908	$253K	<0.01%	+10	Timeline
XNQPXNUVEEN PA INVT QUALITY MUN F	22,495	$252K	<0.01%	new	Timeline
RPRXROYALTY PHARMA PLC	8,097	$252K	<0.01%	new	Timeline
QQQXNUVEEN NASDAQ 100 DYNAMIC OV	10,612	$252K	<0.01%	+1,234	Timeline
LCTDBLACKROCK ETF TRUST	5,447	$252K	<0.01%	new	Timeline
AIQGLOBAL X FDS	6,906	$251K	<0.01%	+461	Timeline
RIORIO TINTO PLC	4,180	$251K	<0.01%	new	Timeline
SSENTINELONE INC	13,740	$250K	<0.01%	new	Timeline
SANBANCO SANTANDER SA	37,102	$249K	<0.01%	+12,949	Timeline
BCEBCE INC	10,806	$248K	<0.01%	new	Timeline
HRHEALTHCARE RLTY TR	14,646	$248K	<0.01%	-420	Timeline
CTBICOMMUNITY TR BANCORP INC	4,913	$247K	<0.01%	-304	Timeline
XLRESELECT SECTOR SPDR TR	5,877	$246K	<0.01%	+613	Timeline
GSIEGOLDMAN SACHS ETF TR	6,870	$245K	<0.01%	-5,093	Timeline
NWSANEWS CORP NEW	8,995	$245K	<0.01%	new	Timeline
PNWPINNACLE WEST CAP CORP	2,565	$244K	<0.01%	new	Timeline
QQQEDIREXION SHARES ETF TRUST	2,785	$243K	<0.01%	-28	Timeline
UPSTUPSTART HLDGS INC	5,263	$242K	<0.01%	+867	Timeline
ETXEATON VANCE MUN INCOME TERM	13,255	$242K	<0.01%	+126	Timeline
EMHCSPDR SERIES TRUST	9,937	$240K	<0.01%	new	Timeline
FDLFIRST TR EXCHANGE-TRADED FD	5,527	$240K	<0.01%	new	Timeline
BOKFBOK FINL CORP	2,298	$239K	<0.01%	-109	Timeline
BLACKROCK MUNICIPAL INCOME …BLACKROCK MUNICIPAL INCOME QUA	22,102	$238K	<0.01%	new
DECKDECKERS OUTDOOR CORP	2,107	$236K	<0.01%	+724	Timeline
NTRSNORTHERN TR CORP	2,383	$235K	<0.01%	-440	Timeline
CDECOEUR MNG INC	39,509	$234K	<0.01%	+7,935	Timeline
TTEKTETRA TECH INC NEW	7,996	$234K	<0.01%	-1,067	Timeline
BUFGFIRST TR EXCHNG TRADED FD VI	9,808	$233K	<0.01%	0	Timeline
DFEMDIMENSIONAL ETF TRUST	8,817	$233K	<0.01%	new	Timeline
DOXAMDOCS LTD	2,544	$233K	<0.01%	new	Timeline
BXPBXP INC	3,463	$233K	<0.01%	+521	Timeline
FOXAFOX CORP	4,109	$233K	<0.01%	new	Timeline
MTGMGIC INVT CORP WIS	9,348	$232K	<0.01%	new	Timeline
IWVISHARES TR	729	$232K	<0.01%	-1,285	Timeline
MOATVANECK ETF TRUST	2,630	$231K	<0.01%	-76	Timeline
EFXEQUIFAX INC	947	$231K	<0.01%	new	Timeline
PDTHANCOCK JOHN PREM DIVID FD	17,581	$230K	<0.01%	+120	Timeline
ZROZPIMCO ETF TR	3,200	$229K	<0.01%	-963	Timeline
SLMSLM CORP	7,800	$229K	<0.01%	+469	Timeline
NADNUVEEN QUALITY MUNCP INCOME	19,863	$229K	<0.01%	+8,528	Timeline
BNBROOKFIELD CORP	4,364	$229K	<0.01%	new	Timeline
COLDAMERICOLD REALTY TRUST INC	10,653	$229K	<0.01%	new	Timeline
IRINGERSOLL RAND INC	2,841	$227K	<0.01%	+312	Timeline
SOLVSOLVENTUM CORP	2,989	$227K	<0.01%	-575	Timeline
UBSUBS GROUP AG	7,403	$227K	<0.01%	new	Timeline
AALAMERICAN AIRLINES GROUP INC	21,395	$226K	<0.01%	new	Timeline
UUNITY SOFTWARE INC	11,504	$225K	<0.01%	new	Timeline
EEMVISHARES INC	3,853	$225K	<0.01%	-792	Timeline
DGCBDIMENSIONAL ETF TRUST	4,213	$224K	<0.01%	new	Timeline
STXSEAGATE TECHNOLOGY HLDNGS PL	2,628	$223K	<0.01%	new	Timeline
RRYDER SYS INC	1,551	$223K	<0.01%	new	Timeline
ISCGISHARES TR	4,939	$222K	<0.01%	-2,331	Timeline
ORCORCHID IS CAP INC	29,470	$222K	<0.01%	+1,453	Timeline
MMACYS INC	17,611	$221K	<0.01%	new	Timeline
REGREGENCY CTRS CORP	2,995	$221K	<0.01%	-19	Timeline
XMLVINVESCO EXCH TRADED FD TR II	3,578	$221K	<0.01%	+15	Timeline
QTECFIRST TR EXCHANGE-TRADED FD	1,269	$220K	<0.01%	0	Timeline
GPKGRAPHIC PACKAGING HLDG CO	8,480	$220K	<0.01%	+512	Timeline
MLPXGLOBAL X FDS	3,441	$220K	<0.01%	new	Timeline
INVHINVITATION HOMES INC	6,277	$219K	<0.01%	new	Timeline
TDYTELEDYNE TECHNOLOGIES INC	439	$219K	<0.01%	new	Timeline
APOAPOLLO GLOBAL MGMT INC	1,596	$219K	<0.01%	-719	Timeline
RRCRANGE RES CORP	5,454	$218K	<0.01%	new	Timeline
NXSTNEXSTAR MEDIA GROUP INC	1,214	$218K	<0.01%	new	Timeline
THGHANOVER INS GROUP INC	1,250	$217K	<0.01%	new	Timeline
WHWYNDHAM HOTELS & RESORTS INC	2,401	$217K	<0.01%	new	Timeline
AMZAETFIS SER TR I	4,571	$217K	<0.01%	new	Timeline
AAALCOA CORP	7,110	$217K	<0.01%	new	Timeline
APAMARTISAN PARTNERS ASSET MGMT	5,518	$216K	<0.01%	+96	Timeline
PSQHPSQ HOLDINGS INC	93,945	$215K	<0.01%	new	Timeline
SNXTD SYNNEX CORPORATION	2,067	$215K	<0.01%	new	Timeline
ONBOLD NATL BANCORP IND	10,122	$214K	<0.01%	new	Timeline
DUHPDIMENSIONAL ETF TRUST	6,468	$214K	<0.01%	new	Timeline
PECOPHILLIPS EDISON & CO INC	5,863	$214K	<0.01%	new	Timeline
VSTSVESTIS CORPORATION	21,545	$213K	<0.01%	+6,219	Timeline
SOFISOFI TECHNOLOGIES INC	18,285	$213K	<0.01%	-12,887	Timeline
MFGMIZUHO FINANCIAL GROUP INC	38,476	$212K	<0.01%	+2,414	Timeline
MAINMAIN STR CAP CORP	3,745	$212K	<0.01%	new	Timeline
ICFISHARES TR	3,442	$212K	<0.01%	+36	Timeline
SMFGSUMITOMO MITSUI FIN GRP INC	13,695	$212K	<0.01%	new	Timeline
ERIEERIE INDTY CO	504	$211K	<0.01%	new	Timeline
AMHAMERICAN HOMES 4 RENT	5,584	$211K	<0.01%	+76	Timeline
FJULFIRST TR EXCHNG TRADED FD VI	4,423	$211K	<0.01%	new	Timeline
FRELFIDELITY COVINGTON TRUST	7,654	$210K	<0.01%	new	Timeline
MMUWESTERN ASSET MANAGED MUNS F	20,410	$210K	<0.01%	new	Timeline
ENPHENPHASE ENERGY INC	3,373	$209K	<0.01%	new	Timeline
FDNFIRST TR EXCHANGE-TRADED FD	941	$209K	<0.01%	-4	Timeline
PODDINSULET CORP	796	$209K	<0.01%	new	Timeline
FTVFORTIVE CORP	2,855	$209K	<0.01%	new	Timeline
ACPABRDN INCOME CREDIT STRATEGI	35,354	$208K	<0.01%	+22,195	Timeline
VALEVALE S A	20,847	$208K	<0.01%	+6,412	Timeline
CPERUNITED STS COMMODITY INDEX F	6,571	$208K	<0.01%	new	Timeline
PENPENUMBRA INC	775	$207K	<0.01%	new	Timeline
DFCFDIMENSIONAL ETF TRUST	4,926	$207K	<0.01%	new	Timeline
ELLAUDER ESTEE COS INC	3,121	$206K	<0.01%	new	Timeline
RNRRENAISSANCERE HLDGS LTD	858	$206K	<0.01%	new	Timeline
CCEPCOCA-COLA EUROPACIFIC PARTNE	2,365	$206K	<0.01%	new	Timeline
GRALGRAIL INC	8,058	$206K	<0.01%	new	Timeline
JDJD.COM INC	5,002	$206K	<0.01%	new	Timeline
PTCTPTC THERAPEUTICS INC	4,028	$205K	<0.01%	new	Timeline
CIONCION INVT CORP	19,803	$205K	<0.01%	new	Timeline
LIILENNOX INTL INC	365	$205K	<0.01%	new	Timeline
OGNORGANON & CO	13,743	$205K	<0.01%	new	Timeline
CHTRCHARTER COMMUNICATIONS INC	555	$205K	<0.01%	new	Timeline
AEEAMEREN CORP	2,035	$204K	<0.01%	new	Timeline
NULGNUSHARES ETF TR	2,599	$203K	<0.01%	new	Timeline
MPTMEDICAL PROPERTIES TRUST INC	33,709	$203K	<0.01%	+6,433	Timeline
HIIHUNTINGTON INGALLS INDS INC	996	$203K	<0.01%	new	Timeline
DFSDDIMENSIONAL ETF TRUST	4,276	$203K	<0.01%	-235	Timeline
OZBELPOINTE PREP LLC	3,150	$203K	<0.01%	0	Timeline
SJMSMUCKER J M CO	1,715	$203K	<0.01%	new	Timeline
TFXTELEFLEX INCORPORATED	1,464	$202K	<0.01%	new	Timeline
CWBSPDR SERIES TRUST	2,639	$202K	<0.01%	+3	Timeline
BWXTBWX TECHNOLOGIES INC	2,045	$202K	<0.01%	new	Timeline
FTCSFIRST TR EXCHANGE-TRADED FD	2,237	$200K	<0.01%	new	Timeline
GRIDFIRST TR EXCHANGE-TRADED FD	1,771	$200K	<0.01%	-359	Timeline
SLFSUN LIFE FINANCIAL INC.	3,496	$200K	<0.01%	new	Timeline
BBVABANCO BILBAO VIZCAYA ARGENTA	14,420	$196K	<0.01%	new	Timeline
RIVNRIVIAN AUTOMOTIVE INC	15,398	$192K	<0.01%	new	Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	17,128	$191K	<0.01%	-17,799
HPIHANCOCK JOHN PFD INCOME FD	11,218	$186K	<0.01%	+702	Timeline
MUFGMITSUBISHI UFJ FINANCIAL GRO	13,410	$183K	<0.01%	new	Timeline
BHCBAUSCH HEALTH COS INC	28,180	$182K	<0.01%	-65	Timeline
XPXP INC	13,252	$182K	<0.01%	+1,680	Timeline
NUNU HLDGS LTD	17,590	$180K	<0.01%	+2,281	Timeline
COTYCOTY INC	32,767	$179K	<0.01%	new	Timeline
DVDOUBLEVERIFY HLDGS INC	13,228	$177K	<0.01%	new	Timeline
ETVEATON VANCE TAX-MANAGED BUY-	12,781	$169K	<0.01%	0	Timeline
CUSHMAN & WAKEFIELD UK HOLDCCUSHMAN & WAKEFIELD UK HOLDC	16,446	$168K	<0.01%	-1,608
RQICOHEN & STEERS QUALITY INCOM	13,256	$166K	<0.01%	new	Timeline
ACNTASCENT INDUSTRIES CO	12,942	$164K	<0.01%	-1,555	Timeline
UWMCUWM HOLDINGS CORPORATION	29,918	$163K	<0.01%	new	Timeline
VTRSVIATRIS INC	18,674	$163K	<0.01%	new	Timeline
LEOBNY MELLON STRATEGIC MUNS IN	26,133	$160K	<0.01%	new	Timeline
XBOEXBLACKROCK ENHANCED GLOBAL	14,734	$160K	<0.01%	new	Timeline
NOVNOV INC	10,442	$159K	<0.01%	new	Timeline
AMCOR PLCAMCOR PLC	16,144	$157K	<0.01%	+2,686
HSTHOST HOTELS & RESORTS INC	10,908	$155K	<0.01%	new	Timeline
DIAXNUVEEN DOW 30SM DYNAMIC OVERWR	10,641	$154K	<0.01%	new	Timeline
KGCKINROSS GOLD CORP	12,116	$153K	<0.01%	new	Timeline
JFRNUVEEN FLOATING RATE INCOME	17,652	$150K	<0.01%	new	Timeline
PGXINVESCO EXCH TRADED FD TR II	13,085	$147K	<0.01%	-7,641	Timeline
ANVSANNOVIS BIO INC	97,816	$147K	<0.01%	-700	Timeline
AMXAMERICA MOVIL SAB DE CV	10,317	$147K	<0.01%	new	Timeline
CLFCLEVELAND-CLIFFS INC NEW	17,497	$144K	<0.01%	new	Timeline
BTZBLACKROCK CR ALLOCATION	13,124	$141K	<0.01%	new	Timeline
XFOFXCOHEN & STEERS CLOSED-END	11,505	$139K	<0.01%	+225	Timeline
NCZVIRTUS CONVERTIBLE & INC FD	12,011	$139K	<0.01%	new	Timeline
IBRXIMMUNITYBIO INC	44,244	$133K	<0.01%	+435	Timeline
AEOAMERICAN EAGLE OUTFITTERS IN	11,236	$131K	<0.01%	new	Timeline
XJQCXNUVEEN CR STRATEGIES INCOME	24,080	$130K	<0.01%	new	Timeline
ABEVAMBEV SA	54,243	$126K	<0.01%	new	Timeline
ERICTELEFONAKTIEBOLAGET LM ERICS	16,079	$125K	<0.01%	+2,792	Timeline
VERVE THERAPEUTICS INCVERVE THERAPEUTICS INC	27,206	$124K	<0.01%	+15,146
JPCNUVEEN PFD & INCOME OPPORTUN	15,590	$124K	<0.01%	new	Timeline
FTFFRANKLIN LTD DURATION INCOME	18,231	$118K	<0.01%	new	Timeline
LZLEGALZOOM COM INC	13,422	$116K	<0.01%	new	Timeline
SSRMSSR MINING IN	11,278	$113K	<0.01%	new	Timeline
PCFHIGH INCOME SECS FD	16,958	$113K	<0.01%	+1,711	Timeline
TCPCBLACKROCK TCP CAPITAL CORP	13,817	$111K	<0.01%	new	Timeline
XCHYXCALAMOS CONV & HIGH INCOME F	10,212	$103K	<0.01%	new	Timeline
POWWOUTDOOR HOLDING CO	74,484	$103K	<0.01%	-1,736	Timeline
IEPICAHN ENTERPRISES LP	11,327	$103K	<0.01%	-28,258	Timeline
WIWWESTERN AST INFL LKD OPP & I	11,412	$100K	<0.01%	new	Timeline
BCRXBIOCRYST PHARMACEUTICALS INC	13,360	$100K	<0.01%	new	Timeline
XEADXALLSPRING INCOME OPPORTUNIT	14,292	$97.8K	<0.01%	new	Timeline
SAGE THERAPEUTICS INCSAGE THERAPEUTICS INC	10,969	$87.2K	<0.01%	new
KOSKOSMOS ENERGY LTD	37,822	$86.2K	<0.01%	+724	Timeline
PTENPATTERSON-UTI ENERGY INC	10,398	$85.5K	<0.01%	new	Timeline
LUMNLUMEN TECHNOLOGIES INC	21,348	$83.7K	<0.01%	+459	Timeline
PSECPROSPECT CAP CORP	20,005	$82K	<0.01%	+1,739	Timeline
JOBYJOBY AVIATION INC	12,782	$76.9K	<0.01%	-144	Timeline
ARDXARDELYX INC	15,306	$75.2K	<0.01%	new	Timeline
LYGLLOYDS BANKING GROUP PLC	19,574	$74.8K	<0.01%	+8,057	Timeline
CORZCORE SCIENTIFIC INC NEW	10,221	$74K	<0.01%	new	Timeline
PTONPELOTON INTERACTIVE INC	10,612	$67.1K	<0.01%	new	Timeline
GGNGAMCO GLOBAL GOLD NAT RES &	15,120	$66.1K	<0.01%	new	Timeline
PLTKPLAYTIKA HLDG CORP	12,367	$63.9K	<0.01%	-2,463	Timeline
STKLSUNOPTA INC	12,611	$61.3K	<0.01%	+362	Timeline
FIPFTAI INFRASTRUCTURE INC	12,825	$58.1K	<0.01%	+297	Timeline
NOKNOKIA CORP	10,309	$54.3K	<0.01%	new	Timeline
NVTSNAVITAS SEMICONDUCTOR CORP	23,399	$48K	<0.01%	new	Timeline
ORGOORGANOGENESIS HLDGS INC	10,325	$44.6K	<0.01%	new	Timeline
BBDBANCO BRADESCO S A	16,433	$36.6K	<0.01%	new	Timeline
BLNDBLEND LABS INC	10,597	$35.5K	<0.01%	new	Timeline
EVGOEVGO INC	11,810	$31.4K	<0.01%	new	Timeline
CURICURIOSITYSTREAM INC	10,676	$28.6K	<0.01%	new	Timeline
BTBTBIT DIGITAL INC	13,178	$26.6K	<0.01%	+2,954	Timeline
CERSCERUS CORP	17,647	$24.5K	<0.01%	new	Timeline
REKRREKOR SYSTEMS INC	27,106	$24K	<0.01%	-4,479	Timeline
HUMAHUMACYTE INC	13,566	$23.1K	<0.01%	new	Timeline
NXDRNEXTDOOR HOLDINGS INC	14,843	$22.7K	<0.01%	new	Timeline
IRWDIRONWOOD PHARMACEUTICALS INC	15,322	$22.5K	<0.01%	new	Timeline
CHARGEPOINT HLDGS INCCHARGEPOINT HLDGS INC	34,238	$20.7K	<0.01%	new
NEKTAR THERAPEUTICSNEKTAR THERAPEUTICS	29,930	$20.4K	<0.01%	new
IHRTIHEARTMEDIA INC	12,071	$19.9K	<0.01%	new	Timeline
OPKOPKO HEALTH INC	10,249	$17K	<0.01%	new	Timeline
OPENOPENDOOR TECHNOLOGIES INC	16,430	$16.8K	<0.01%	new	Timeline
CTSOCYTOSORBENTS CORP	15,083	$15.1K	<0.01%	+83	Timeline
GPROGOPRO INC	22,157	$14.7K	<0.01%	new	Timeline
Mersana Therapeutics IncMersana Therapeutics Inc	41,904	$14.4K	<0.01%	new
TILRAY INCTILRAY INC	13,265	$8.72K	<0.01%	+2,602
LXRXLEXICON PHARMACEUTICALS INC	15,492	$7.14K	<0.01%	new	Timeline
STEM INCSTEM INC	18,993	$6.65K	<0.01%	new
SESSES AI CORPORATION	12,385	$6.45K	<0.01%	new	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	$3.96M	0
ZIMZIM INTEGRATED SHIPPING SERV SHS	call	2,300,000	$737K	new
SOXLDIREXION SHARES ETF TRUST DAI SEM BUL ETF	call	17,600	$73K	0

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	255,000	$253K	+15,000
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1	principal	15,000	$3.59K	0

Sold out in Q1 2025

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

Security	Shares before	Value before	Type
FEMSFIRST TR EXCH TRD ALPHDX FD	82,130	$3.1M	shares
QEFASPDR INDEX SHS FDS	42,132	$3.06M	shares
HTRBHARTFORD FDS EXCHANGE TRADED	81,997	$2.73M	shares
SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A)	14,437	$809K	shares
BONDPIMCO ETF TR	6,799	$615K	shares
MGNIMAGNITE INC	36,823	$586K	shares
APPFAPPFOLIO INC	2,268	$560K	shares
EDVVANGUARD WORLD FD	7,538	$511K	shares
TXOTXO PARTNERS LP	30,000	$505K	shares
GMEGAMESTOP CORP	14,347	$450K	shares
SAMBOSTON BEER INC	1,448	$434K	shares
GSUSGOLDMAN SACHS ETF TR	5,343	$432K	shares
GNRCGENERAC HLDGS INC	2,192	$340K	shares
SWKSTANLEY BLACK & DECKER INC	3,982	$320K	shares
TDCTERADATA CORP DEL	10,143	$316K	shares
INSPINSPIRE MED SYS INC	1,686	$313K	shares
PGCPEAPACK-GLADSTONE FINL CORP	9,414	$302K	shares
SONSONOCO PRODS CO	6,105	$298K	shares
TRUTRANSUNION	3,149	$292K	shares
LVSLAS VEGAS SANDS CORP	5,674	$291K	shares
CRICARTERS INC	5,369	$291K	shares
MLIMUELLER INDS INC	3,620	$287K	shares
TTWOTAKE-TWO INTERACTIVE SOFTWAR	1,545	$284K	shares
EMLPFIRST TR EXCHANGE-TRADED FD	7,880	$281K	shares
USDPROSHARES TR	4,300	$280K	shares
TECLDIREXION SHARES ETF TRUST	3,039	$275K	shares
XYZBLOCK INC	3,188	$271K	shares
CGNXCOGNEX CORP	7,459	$267K	shares
BNSBANK NOVA SCOTIA B C	4,905	$264K	shares
LUVSOUTHWEST AIRLS CO	7,658	$257K	shares
AGGYWISDOMTREE TR	5,894	$253K	shares
BLDRBUILDERS FIRSTSOURCE INC	1,758	$251K	shares
AGOASSURED GUARANTY LTD	2,776	$250K	shares
SHVISHARES TR	2,267	$250K	shares
EPAMEPAM SYS INC	1,046	$245K	shares
HXLHEXCEL CORP NEW	3,862	$242K	shares
TFISPDR SERIES TRUST	5,286	$241K	shares
MTCHMATCH GROUP INC NEW	6,955	$227K	shares
ALBALBEMARLE CORP	2,555	$220K	shares
EWTISHARES INC	4,240	$219K	shares
WCLDWISDOMTREE TR	5,840	$219K	shares
XPOXPO INC	1,666	$218K	shares
VIOGVANGUARD ADMIRAL FDS INC	1,876	$218K	shares
VACMARRIOTT VACATIONS WORLDWIDE	2,383	$214K	shares
AOAISHARES TR	2,758	$211K	shares
MSMLISHARES TR	3,517	$206K	shares
LWLAMB WESTON HLDGS INC	3,066	$205K	shares
XDSQINNOVATOR ETFS TRUST	5,621	$205K	shares
EMCBWISDOMTREE TR	3,088	$200K	shares
WEXWEX INC	1,143	$200K	shares
REDFIN CORPREDFIN CORP	15,848	$125K	shares
TELFYTELEFONICA SA-SPON ADR	11,672	$46.9K	shares
LOTLOTUS TECHNOLOGY INC	12,760	$46.1K	shares
ABSIABSCI CORPORATION	11,759	$30.8K	shares

How Q1 2025 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 0001621225-25-000003	base		2025-04-09	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC