Merit Financial Group, LLC

CIK 1621225 · latest 13F filed 20 July 2026 · Read the filing on EDGAR

Merit Financial Group, LLC reported 2,318 US-listed holdings worth $16.10 billion in its 13F for the quarter ended 30 June 2026, filed 20 July 2026. Its largest: Vanguard Growth ETF (2.6%), iShares Trust (2.4%) and Apple Inc. (2.2%). Against the quarter before, it opened 319 positions, added to 1,175, trimmed 750 and sold out of 108.

Reported holdings$16.10B+19.7% on Q1 2026

Positions2,318+211 on Q1 2026

The largest ten20.4%of its reported holdings

Latest 13FQ2 2026filed 20 July 2026

Where the money is

Added toTrimmed

The 14 largest of its 2,318 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 319Added 1,175Held 74Trimmed 750Sold out 108

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 319

BlackRock ETF Trust IALT$46.1 million
BlackRock ETF Trust II GGOV$42.5 million
Vaneck ETF Trust HAP$10.1 million
Honeywell International Inc. HON$6.3 million
Honeywell Aerospace Inc. Com HONA$6.0 million
Space Exploration Techn Corp. Class A Com STK SPCX$5.1 million
Carnival Corp. Ltd. CCL$3.5 million
DuPont de Nemours, Inc. DD$2.8 million

and 311 more in the table below

Added to 1,175

Vanguard Growth ETF VUG+4.1 million shares · +501%
Vanguard Mega Cap Growth ETF MGK+3.1 million shares · +571%
Vanguard Mid Cap Index ETF VO+1.3 million shares · +367%
BlackRock ETF Trust DYNF+1.2 million shares · +35%
Apple Inc. AAPL+234,561 shares · +24%
Vanguard World FD MGV+315,657 shares · +24%
iShares Trust EFG+299,547 shares · +119%
Microsoft Corp. MSFT+88,986 shares · +21%

and 1,167 more in the table below

Trimmed 750

iShares Edge MSCI USA Quality F QUAL-328,732 shares · -65%
iShares Trust EFV-845,942 shares · -36%
iShares Trust IAGG-814,659 shares · -90%
iShares Trust MTUM-70,869 shares · -21%
BlackRock ETF Trust THRO-504,402 shares · -24%
iShares Core MSCI Emerging Mark IEMG-242,246 shares · -13%
SPDR Ser Trust JNK-188,513 shares · -98%
Lam Research Corp. LRCX-36,870 shares · -33%

and 742 more in the table below

Sold out of 108

Honeywell International Inc. HON$15.0 million last quarter
Amplify ETF Trust TLTP$8.2 million last quarter
Carnival Corp. Ltd. CCL$2.5 million last quarter
DuPont de Nemours, Inc. DD$2.2 million last quarter
Coterra Energy Inc. CTRA$1.9 million last quarter
Masimo Corp. MASI$1.1 million last quarter
WEX Inc. WEX$1.1 million last quarter
Procore Technologies Inc. PCOR$1.1 million last quarter

What it holds

Company	Shares	Value	Of its book	Change in shares
Vanguard Growth ETF VUG	4,950,558	$426.4 million	2.65%	+4,126,335
iShares Trust IUSG	2,092,449	$393.6 million	2.45%	+138,217
Apple Inc. AAPL	1,219,742	$352.9 million	2.19%	+234,561
2023 ETF Series Trust II QLTY	8,449,244	$351.7 million	2.18%	+471,716
iShares Trust IUSV	2,976,786	$327.9 million	2.04%	+187,880
Vanguard Mega Cap Growth ETF MGK	3,641,887	$320.2 million	1.99%	+3,099,494
BlackRock ETF Trust DYNF	4,521,035	$307.5 million	1.91%	+1,168,133
Vanguard World FD MGV	1,652,554	$270.1 million	1.68%	+315,657
iShares Core S&P 500 ETF IVV	353,499	$264.7 million	1.64%	+32,223
NVIDIA Corp. NVDA	1,301,989	$260.5 million	1.62%	+156,164
Vanguard Value ETF VTV	1,019,302	$222.1 million	1.38%	+21,611
BlackRock ETF Trust CORO	5,742,774	$210.2 million	1.31%	+761,397
Microsoft Corp. MSFT	520,766	$194.3 million	1.21%	+88,986
Vanguard S&P 500 VOO	272,432	$187.1 million	1.16%	-2,509
SPDR Ser Trust SPTI	6,449,298	$183.1 million	1.14%	+240,944
Invesco QQQ Trust QQQ	245,984	$181.1 million	1.13%	+11,649
American Centy ETF Trust AVNM	2,155,582	$177.6 million	1.10%	+129,237
SPDR Index SHS FDS CWI	3,751,310	$152.6 million	0.95%	+262,710
Victory Portfolios II USTB	2,939,884	$148.8 million	0.92%	+116,973
iShares Trust GOVT	6,493,994	$147.9 million	0.92%	+1,233,584
Victory Portfolios II VFLO	3,224,520	$147.5 million	0.92%	+401,983
Amazon.com Inc. AMZN	610,008	$145.4 million	0.90%	+107,284
Victory Portfolios II UBND	6,613,845	$143.7 million	0.89%	+226,770
BlackRock ETF Trust II BINC	2,652,673	$138.8 million	0.86%	+278,252
iShares Core MSCI Emerging Mark IEMG	1,636,220	$135.5 million	0.84%	-242,246
iShares Trust MBB	1,433,945	$135.5 million	0.84%	+70,319
Vanguard Mid Cap Index ETF VO	1,674,384	$134.9 million	0.84%	+1,315,611
Alphabet Inc. GOOGL	339,733	$121.4 million	0.75%	+973
iShares A.i. Innovation and Tech Active ETF BAI	2,249,238	$118.6 million	0.74%	-268,077
iShares Trust EFV	1,524,185	$116.7 million	0.72%	-845,942
Broadcom Inc. AVGO	307,472	$116.1 million	0.72%	+23,779
VG Totl STK Vprs VTI	290,722	$107.6 million	0.67%	+14,771
Capital Group Core Equity Et CGUS	2,268,466	$100.9 million	0.63%	-38,701
Vanguard Small Cap ETF VB	329,358	$99.8 million	0.62%	+19,065
Alphabet Inc. GOOG	278,095	$98.3 million	0.61%	+68,601
iShares Trust MTUM	274,471	$94.1 million	0.58%	-70,869
Vanguard Total Bond Market ETF BND	1,249,034	$91.7 million	0.57%	+201,851
United Parcel Service Inc. UPS	848,643	$91.2 million	0.57%	+33,523
Capital Group Growth ETF CGGR	1,930,814	$91.1 million	0.57%	+20,243
Capital Group Dividend Value CGDV	1,765,060	$87.0 million	0.54%	-27,784
Janus Detroit STR Trust JAAA	1,696,203	$85.6 million	0.53%	+38,751
JPMorgan Chase & Co. JPM	245,022	$80.2 million	0.50%	+67,152
Vanguard Scottsdale FDS VMBS	1,619,728	$75.8 million	0.47%	+262,360
Berkshire Hathaway Inc. Class B BRKB	142,576	$71.3 million	0.44%	+15,271
Global X FDS SHLD	1,172,606	$70.0 million	0.44%	+333,565
iShares Trust EFG	551,289	$68.6 million	0.43%	+299,547
BlackRock ETF Trust THRO	1,561,075	$67.3 million	0.42%	-504,402
Vanguard Ftse Developed Markets VEA	934,207	$66.6 million	0.41%	+638
SPDR S&P 500 Growth ETF SPYG	536,798	$63.9 million	0.40%	+6,947
Micron Technology Inc. MU	54,879	$63.3 million	0.39%	+6,445
SPDR S&P 500 SPY	84,047	$62.8 million	0.39%	+4,655
SPDR Ser Trust BIL	677,106	$62.0 million	0.39%	+159,555
Schwab Strategic Trust SCHG	1,817,577	$61.5 million	0.38%	+15,096
Schwab Strategic Trust SCHO	2,442,106	$59.0 million	0.37%	+384,453
ExxonMobil Holdings Corp. XOM	416,171	$56.9 million	0.35%	+30,856
Capital Group Core Bond ETF CGCB	2,145,383	$56.2 million	0.35%	+37,661
Capital GRP Fixed Incm ETF T CGCP	2,514,495	$56.0 million	0.35%	+26,776
Eli Lilly & Co. LLY	45,883	$55.0 million	0.34%	+2,324
Meta Platforms, Inc. META	96,543	$54.4 million	0.34%	+918
Johnson & Johnson JNJ	209,661	$53.2 million	0.33%	-3,863
Caterpillar Inc. CAT	48,985	$52.2 million	0.32%	+2,715
Capital GRP Fixed Incm ETF T CGSD	2,005,706	$51.6 million	0.32%	+23,345
Walmart Inc. WMT	451,779	$51.2 million	0.32%	+58,750
Tesla, Inc. TSLA	120,754	$50.8 million	0.32%	+11,470
Dimensional ETF Trust DFAC	1,097,040	$48.7 million	0.30%	-26,608
Schwab Strategic Trust SCHD	1,496,093	$47.4 million	0.29%	-39,011
Vanguard Whitehall FDS VYM	294,968	$46.6 million	0.29%	+4,063
Capital Group Equity ETF Trust CGMM	1,407,335	$46.4 million	0.29%	+3,314
BlackRock ETF Trust IALT	1,644,090	$46.1 million	0.29%	new
Applied Materials Inc. AMAT	63,218	$45.7 million	0.28%	+23,962
Procter & Gamble Co. PG	303,349	$44.5 million	0.28%	+18,702
iShares Core MSCI Eafe ETF IEFA	451,864	$43.6 million	0.27%	-89,627
BlackRock ETF Trust II GGOV	844,485	$42.5 million	0.26%	new
Capital Group International CGIC	1,165,412	$42.4 million	0.26%	+33,873
Costco Wholesale Corp. COST	44,872	$42.0 million	0.26%	+2,845
Advanced Micro Devices Inc. AMD	68,850	$40.0 million	0.25%	+2,554
First Trust ETFs FTLS	528,335	$39.0 million	0.24%	+108,878
iShares Trust MUB	359,522	$38.7 million	0.24%	+103,587
SPDR Ser Trust SPYM	432,820	$38.0 million	0.24%	-139
iShares Edge MSCI USA Quality F QUAL	173,173	$38.0 million	0.24%	-328,732
iShares Core S&P Small-Cap ETF IJR	249,788	$37.0 million	0.23%	-1,686
Sei Enhanced U.s. Large Cap Momentum Factor ETF SEIM	652,788	$36.7 million	0.23%	+77,430
Home Depot, Inc. HD	100,902	$35.6 million	0.22%	+19,584
Vanguard Mun BD FDS VTEB	694,370	$35.1 million	0.22%	+139,527
iShares Trust SUB	323,060	$34.4 million	0.21%	+81,554
iShares Gold Trust IAU	448,234	$33.8 million	0.21%	-147,756
Visa Inc. V	96,047	$33.0 million	0.20%	+4,589
Lam Research Corp. LRCX	75,266	$32.6 million	0.20%	-36,870
iShares S&P Growth Index FD IVW	236,673	$32.5 million	0.20%	-3,710
Cisco Systems, Inc. CSCO	275,950	$32.4 million	0.20%	+36,263
General Electric Co. GE	86,154	$32.2 million	0.20%	+1,492
Neos ETF Trust QQQI	558,944	$31.7 million	0.20%	+5,171
Schwab Strategic Trust SCHA	874,953	$31.6 million	0.20%	+176,771
Vanguard Small Cap Value ETF VBR	127,220	$30.9 million	0.19%	-14,175
Chevron Corp. CVX	185,088	$30.7 million	0.19%	+31,287
Schwab Strategic Trust SCHV	880,325	$30.6 million	0.19%	+75,534
PIMCO ETF Trust MINT	302,746	$30.5 million	0.19%	+250,252
Vanguard S&P 500 Growth ETF VOOG	369,250	$30.5 million	0.19%	+306,431
Capital GRP Fixed Incm ETF T CGUI	1,184,223	$29.9 million	0.19%	+24,097
Coca-Cola Co. KO	353,665	$28.7 million	0.18%	+8,131
Capital Group International CGIE	778,293	$28.6 million	0.18%	+7,389
Vanguard Charlotte FDS BNDX	590,624	$28.6 million	0.18%	+144,138
iShares Trust IWY	97,027	$28.2 million	0.18%	-2,532
iShares Trust IGEB	620,167	$28.0 million	0.17%	+94,524
First Trust Exchng Traded FD Vi BUFR	759,755	$27.8 million	0.17%	+573,709
AbbVie Inc. ABBV	108,652	$27.3 million	0.17%	+3,742
Vaneck ETF Trust SMH	41,345	$27.1 million	0.17%	-271
Wisdomtree Trust USFR	537,614	$27.1 million	0.17%	+156,691
Technology Select Sector SPDR ETF XLK	142,007	$27.1 million	0.17%	-2,116
Merck & Co., Inc. MRK	209,288	$26.9 million	0.17%	+12,447
Arista Networks, Inc. ANET	158,220	$26.9 million	0.17%	-14,612
SPDR Ser Trust SPIB	802,985	$26.9 million	0.17%	+51,709
Intel Corp. INTC	192,070	$26.8 million	0.17%	-26,214
Vanguard Small Cap Growth ETF VBK	72,415	$26.5 million	0.16%	-7,311
KLA Corp. KLAC	87,377	$26.4 million	0.16%	+78,560
Bank First Corp. BFC	174,046	$25.8 million	0.16%	-2,681
Altria Group, Inc. MO	348,320	$25.1 million	0.16%	+12,664
iShares Trust TLT	289,543	$25.0 million	0.16%	+144,965
Invesco Exch Traded FD Trust II RWL	193,496	$24.7 million	0.15%	+4,756
SPDR Portfolio Developed World SPDW	484,355	$24.4 million	0.15%	+4,442
American Centy ETF Trust AVUV	195,616	$24.4 million	0.15%	+59,883
Invesco Exchange Traded FD T RSP	114,293	$24.3 million	0.15%	+27,011
RTX Corp. RTX	123,890	$23.5 million	0.15%	+2,622
Philip Morris International Inc. PM	129,187	$23.4 million	0.15%	-4,507
iShares Trust ACWX	301,412	$22.9 million	0.14%	-15,520
iShares Core Total USD Bond Market ETF IUSB	491,505	$22.7 million	0.14%	+75,364
Goldman Sachs Group Inc. GS	22,097	$22.3 million	0.14%	+431
Bristol-Myers Squibb Co. BMY	387,188	$22.3 million	0.14%	+18,574
Morgan Stanley MS	106,437	$22.2 million	0.14%	+6,200
Texas Instruments Inc. TXN	74,295	$22.1 million	0.14%	+3,185
iShares Trust EEM	321,611	$22.0 million	0.14%	+49,057
ProShares Trust OILK	457,123	$21.7 million	0.13%	+425,134
iShares Trust IWF	174,053	$21.6 million	0.13%	+122,732
GE Vernova Inc. GEV	18,386	$21.6 million	0.13%	+1,089
Taiwan Semiconductor Manufacturing Company Limited TSM	44,535	$21.3 million	0.13%	-89
iShares Trust IYW	83,644	$21.1 million	0.13%	-988
First Trust ETFs RDVI	713,832	$21.0 million	0.13%	-15,257
Capital Group New Geography CGNG	557,268	$20.9 million	0.13%	+27,545
Fastenal Co. FAST	434,526	$20.9 million	0.13%	-128,805
Vanguard World FD VGT	173,991	$20.8 million	0.13%	+151,420
Schwab US Large Cap SCHX	705,251	$20.8 million	0.13%	-43,950
iShares S&P 500 Value ETF IVE	90,951	$20.7 million	0.13%	-10,418
Neos ETF Trust SPYI	387,889	$20.6 million	0.13%	+6,495
Amplify ETF Trust QDVO	689,804	$20.6 million	0.13%	+2,232
Netflix Inc. NFLX	282,703	$20.2 million	0.13%	+85,058
Schwab Strategic Trust SCHF	713,975	$19.8 million	0.12%	+251,845
iShares Trust LQD	181,185	$19.8 million	0.12%	+14,224
Amplify ETF Trust DIVO	432,089	$19.7 million	0.12%	+3,179
Shopify Inc. SHOP	170,910	$19.5 million	0.12%	+131,942
Tidal Trust III OMAH	1,057,503	$19.5 million	0.12%	+27,641
SPDR Index SHS FDS SPEM	370,844	$19.2 million	0.12%	+44,652
Vanguard Specialized Funds VIG	81,124	$19.2 million	0.12%	-2,027
Financial Select Sector SPDR ETF XLF	356,854	$19.1 million	0.12%	+20,305
PepsiCo Inc. PEP	138,616	$18.8 million	0.12%	-4,825
SPDR Portfolio Small Cap ETF SPSM	325,390	$18.8 million	0.12%	-1,027
iShares Trust Latn Amer 40 ETF ILF	552,201	$18.6 million	0.12%	+124,529
PNC Financial Services Group, Inc. PNC	74,463	$18.3 million	0.11%	+17,581
iShares Trust OEF	50,035	$18.3 million	0.11%	-2,543
iShares Trust AGG	181,117	$17.9 million	0.11%	+7,541
Dimensional ETF Trust DFIV	331,096	$17.9 million	0.11%	+41,827
iShares Edge MSCI Min Vol USA ETF USMV	183,663	$17.7 million	0.11%	+10,257
Fidelity Covington Trust FMDE	435,269	$17.7 million	0.11%	+44,113
Chubb Ltd. CB	51,386	$17.5 million	0.11%	+1,165
Mastercard Inc. MA	33,960	$17.4 million	0.11%	-725
iShares Russell 2000 ETF IWM	58,006	$17.4 million	0.11%	-12,657
Bank of America Corp. BAC	303,228	$17.3 million	0.11%	+21,184
Western Digital Corp. WDC	26,556	$17.0 million	0.11%	-1,472
Vanguard Admiral FDS Inc. VOOV	76,962	$16.9 million	0.10%	-67
Cummins Inc. CMI	23,648	$16.9 million	0.10%	+539
Dell Technologies Inc. DELL	39,061	$16.9 million	0.10%	+23,110
Oracle Corp. ORCL	113,663	$16.7 million	0.10%	+30,402
iShares Trust ITOT	101,296	$16.6 million	0.10%	+35
Fidelity Value Factor ETF FVAL	211,220	$16.5 million	0.10%	-15,473
Invesco Exch Traded FD Trust II QQQM	53,367	$16.2 million	0.10%	+5,301
Invesco Exch TRD SLF Idx FD IUS	246,487	$16.2 million	0.10%	+1,644
iShares Trust VLUE	80,653	$16.1 million	0.10%	+69,087
McKesson Corp. MCK	21,178	$16.0 million	0.10%	-822
American Express Co. AXP	47,284	$16.0 million	0.10%	+351
iShares Trust IBTH	712,385	$15.9 million	0.10%	-475,260
TechnipFMC plc FTI	239,709	$15.9 million	0.10%	+154,498
Palantir Technologies Inc. PLTR	136,015	$15.9 million	0.10%	-29,778
Fortinet, Inc. FTNT	103,082	$15.8 million	0.10%	-62,416
Eaton Corp. plc ETN	37,080	$15.8 million	0.10%	+406
Expedia Group, Inc. EXPE	61,501	$15.7 million	0.10%	+10,031
Berkshire Hathaway Inc. Del	21	$15.7 million	0.10%	no change
JP Morgan ETFs JPIE	339,992	$15.7 million	0.10%	+14,010
Pacer FDS Trust PTLC	267,262	$15.6 million	0.10%	-190,951
International Business Machines Corp. IBM	55,170	$15.5 million	0.10%	+3,416
Putnam ETF Trust PVAL	304,469	$15.5 million	0.10%	+89,435
Litman Gregory FDS Trust DBMF	504,693	$15.4 million	0.10%	+102,487
First Trust Exchange-Traded FD RDVY	188,051	$15.2 million	0.09%	-24,401
iShares Trust FLOT	296,646	$15.1 million	0.09%	+12,663
Select Sector SPDR Trust XLE	284,961	$15.1 million	0.09%	+3,632
Citigroup Inc. C	107,884	$15.1 million	0.09%	+7,116
Lamar Advertising Co. LAMR	96,502	$15.1 million	0.09%	+89,317
Select Sector SPDR Trust XLY	128,321	$15.0 million	0.09%	+38,453
Corning Inc. GLW	58,401	$14.9 million	0.09%	+10,847
iShares Trust IWC	73,262	$14.7 million	0.09%	+30,191
Vanguard Whitehall FDS VWOB	215,899	$14.5 million	0.09%	+32,249
iShares Trust IDEV	162,670	$14.5 million	0.09%	+33,001
Etfs Gold Trust SGOL	368,968	$14.1 million	0.09%	+7,323
Vanguard Mun BD FDS VTEI	139,584	$14.1 million	0.09%	+51,847
TJX Companies Inc. TJX	92,252	$14.0 million	0.09%	+3,846
SPDR Gold Trust GLD	37,566	$13.8 million	0.09%	-349
Palo Alto Networks Inc. PANW	40,098	$13.7 million	0.08%	+2,514
General Dynamics Corp. GD	38,284	$13.6 million	0.08%	-4,144
Analog Devices Inc. ADI	34,131	$13.6 million	0.08%	+1,720
Schwab Fundamental US Large Com FNDX	432,693	$13.5 million	0.08%	-317,520
Comfort Systems USA Inc. FIX	6,747	$13.4 million	0.08%	-72
UnitedHealth Group Inc. UNH	31,551	$13.1 million	0.08%	+5,787
iShares Trust EFAV	148,952	$13.1 million	0.08%	+19,557
Invesco Exchange Traded FD T XMHQ	114,881	$13.0 million	0.08%	+2,695
Union Pacific Corp. UNP	47,637	$13.0 million	0.08%	-4,041
Vanguard Ftse Emerging Markets VWO	215,425	$12.9 million	0.08%	-5,580
iShares Ibonds Dec 2029 Term Treasury ETF IBTJ	588,260	$12.7 million	0.08%	+570,188
AT&T Inc. T	605,464	$12.5 million	0.08%	+58,522
First Trust Exchange Traded FD CIBR	138,670	$12.5 million	0.08%	+2,894
BlackRock, Inc. BLK	12,854	$12.4 million	0.08%	-3,058
Bank of New York Mellon Corp. BNY	85,470	$12.4 million	0.08%	+2,924
iShares Trust ICSH	244,034	$12.3 million	0.08%	+6,101
Linde plc LIN	23,553	$12.2 million	0.08%	+4,786
McDonald's Corp. MCD	45,211	$12.2 million	0.08%	-6,052
Vertiv Holdings Co. VRT	36,110	$12.1 million	0.08%	+12,886
Capital Group Core Balanced CGBL	318,159	$12.1 million	0.08%	+27,761
First Trust Exchange-Traded FD AIRR	89,936	$12.0 million	0.07%	+9,210
SPDR Ser Trust XAR	41,888	$11.9 million	0.07%	-1,044
iShares Trust IWB	28,829	$11.8 million	0.07%	-5
First Trust Value Line Divid in FVD	245,016	$11.8 million	0.07%	-26,300
Vanguard Shrt-Term Infl-Prot Se VTIP	233,092	$11.7 million	0.07%	+54,386
Sei Enhanced U.s. Large Cap Value Factor ETF SEIV	243,798	$11.7 million	0.07%	+67,334
BlackRock ETF Trust II INMU	481,235	$11.7 million	0.07%	+228,297
Ssga Active ETF Trust SRLN	282,233	$11.4 million	0.07%	+77,153
Boeing Co. BA	52,417	$11.3 million	0.07%	+8,359
Wells Fargo & Company WFC	137,030	$11.3 million	0.07%	-31,696
Amgen Inc. AMGN	31,151	$11.3 million	0.07%	+3,193
Synopsys Inc. SNPS	25,247	$11.3 million	0.07%	+3,392
SPDR Ser Trust MDYG	100,156	$11.2 million	0.07%	+3,780
Royal Bank of Canada RY	54,093	$11.2 million	0.07%	-439
Thermo Fisher Scientific Inc. TMO	21,998	$11.0 million	0.07%	+7,126
Illinois Tool Works Inc. ITW	40,725	$11.0 million	0.07%	+1,710
Southern Co. SO	114,295	$10.9 million	0.07%	+11,369
Vanguard Large Cap ETF VV	31,716	$10.9 million	0.07%	+1,484
SPDR Ser Trust SPYV	179,401	$10.9 million	0.07%	-19,978
DBX ETF Trust DBEF	198,679	$10.9 million	0.07%	-77,744
iShares Trust IJS	78,669	$10.8 million	0.07%	-17,504
American Electric Power Co. Inc. AEP	77,844	$10.6 million	0.07%	+517
Northrop Grumman Corp. NOC	20,811	$10.6 million	0.07%	+7,277
Seagate Technology Holdings plc STX	10,816	$10.4 million	0.06%	+4,144
Vodafone Group Public Limited Company VOD	788,577	$10.4 million	0.06%	+777,475
iShares Trust ITA	42,992	$10.4 million	0.06%	-172
NextEra Energy Inc. NEE	117,949	$10.4 million	0.06%	+28,348
Amphenol Corp. APH	58,201	$10.3 million	0.06%	-2,854
Invesco Exch Traded FD Trust II XMLV	152,060	$10.1 million	0.06%	+7,545
Vaneck ETF Trust HAP	146,855	$10.1 million	0.06%	new
iShares Trust SOXX	15,696	$10.1 million	0.06%	+1,249
BlackRock Funds/Closed-End BTT	441,028	$10.0 million	0.06%	-1,560
S&P Global Inc. SPGI	24,512	$10.0 million	0.06%	-6,965
Johnson Controls International plc JCI	67,840	$9.9 million	0.06%	+5,424
Vanguard Star FDS VXUS	115,380	$9.9 million	0.06%	+14,121
Vanguard World FD VHT	32,984	$9.9 million	0.06%	+13
iShares Bitcoin Trust ETF IBIT	293,028	$9.8 million	0.06%	+106,074
SPDR Ser Trust SJNK	386,360	$9.7 million	0.06%	+5,828
Starbucks Corp. SBUX	93,867	$9.6 million	0.06%	+8,518
Capital GRP Fixed Incm ETF T CGIB	373,681	$9.5 million	0.06%	+8,025
NVR Inc. NVR	1,397	$9.5 million	0.06%	+1,360
Lowe's Companies Inc. LOW	43,047	$9.5 million	0.06%	-2,916
iShares Core S&P Mid-Cap ETF IJH	123,014	$9.5 million	0.06%	-3,832
Prologis, Inc. PLD	69,964	$9.5 million	0.06%	+36,423
Lockheed Martin Corp. LMT	18,438	$9.4 million	0.06%	-3,266
Invesco Exchange Traded FD T SPHQ	103,903	$9.4 million	0.06%	-740
Automatic Data Processing Inc. ADP	41,514	$9.3 million	0.06%	+5,305
iShares Trust IBDS	381,291	$9.2 million	0.06%	+26,964
iShares Trust SHYG	215,454	$9.1 million	0.06%	+11,282
WEC Energy Group, Inc. WEC	78,182	$9.1 million	0.06%	+2,608
American Century ETF Trust AVEM	94,385	$9.1 million	0.06%	+2,242
iShares U.s. Fixed Income Balanced Risk Systematic ETF SYSB	101,310	$9.0 million	0.06%	+21,646
SPDR Ser Trust SPHY	380,909	$8.9 million	0.06%	+47,212
Vanguard Intl Equity Index F VT	56,802	$8.9 million	0.06%	+302
Vanguard Intermed Term Bond ETF BIV	116,217	$8.9 million	0.06%	+7,376
Duke Energy Corp. DUK	70,386	$8.9 million	0.06%	+9,560
First Trust Exchange-Traded FD FTCS	94,836	$8.9 million	0.06%	-14,801
J P Morgan Exchange Traded F JEPI	157,668	$8.9 million	0.06%	-19,410
Verizon Communications Inc. VZ	210,290	$8.9 million	0.06%	+12,592
ConocoPhillips COP	85,569	$8.9 million	0.06%	+3,088
Select Sector SPDR Trust XLI	47,895	$8.9 million	0.06%	-564
General Motors Co. GM	114,373	$8.8 million	0.05%	+969
ASML Holding N.V. ASML	4,339	$8.6 million	0.05%	+23
T-Mobile US, Inc. TMUS	51,349	$8.6 million	0.05%	+9,244
American Healthcare Reit, Inc. AHR	164,865	$8.6 million	0.05%	-3,131
Invesco Exch Traded FD Trust II SPMO	53,102	$8.6 million	0.05%	+3,662
Vanguard ETF VYMI	87,040	$8.5 million	0.05%	-6,254
iShares Trust USIG	166,298	$8.5 million	0.05%	-190,039
Deere & Co. DE	13,394	$8.5 million	0.05%	-549
iShares Trust ESGU	51,721	$8.5 million	0.05%	+2,199
Centene Corp. CNC	131,756	$8.5 million	0.05%	-14,748
Dimensional ETF Trust DFIC	226,432	$8.4 million	0.05%	-3,759
SPDR Dow Jones Indl Average DIA	16,002	$8.4 million	0.05%	-2,774
Vaneck ETF Trust HYD	162,100	$8.3 million	0.05%	+12,671
iShares Trust IBDT	327,611	$8.3 million	0.05%	+40,680
BlackRock ETF Trust II HIMU	165,710	$8.3 million	0.05%	+53,030

Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported; the largest 300 here.

Change is shares against its 13F for the quarter before; the 108 it sold out of are in the box above.

Options it reported

Company	Option	Shares under the options	Value of those shares
SPDR S&P 500 SPY	Puts	311,400	$232.5 million
Broadcom Inc. AVGO	Puts	60,300	$22.8 million
Apple Inc. AAPL	Puts	23,300	$6.7 million
SPDR S&P 500 SPY	Calls	7,100	$5.3 million
United Parcel Service Inc. UPS	Puts	40,800	$4.4 million
Vaneck ETF Trust SMH	Puts	3,500	$2.3 million
GameStop Corp. GME	Calls	90,000	$2.0 million
NVIDIA Corp. NVDA	Puts	6,400	$1.3 million
PNC Financial Services Group, Inc. PNC	Puts	4,600	$1.1 million
Microsoft Corp. MSFT	Puts	2,600	$969,852
SPDR Gold Trust GLD	Puts	2,500	$920,950
Amazon.com Inc. AMZN	Puts	2,400	$572,016
iShares Bitcoin Trust ETF IBIT	Calls	15,900	$529,311
iShares Ethereum Trust ETF ETHA	Calls	41,100	$488,679
Eaton Corp. plc ETN	Puts	1,100	$468,732
Lennox International Inc. LII	Puts	700	$401,065
Amazon.com Inc. AMZN	Calls	1,500	$357,510
Tesla, Inc. TSLA	Puts	800	$336,480
NVIDIA Corp. NVDA	Calls	1,600	$320,144
Alphabet Inc. GOOGL	Calls	700	$250,159
Oracle Corp. ORCL	Puts	1,700	$249,135
Blackstone Inc. BX	Puts	2,000	$235,340
Broadcom Inc. AVGO	Calls	500	$188,875
Amgen Inc. AMGN	Calls	500	$181,060
AbbVie Inc. ABBV	Puts	500	$125,820
Guidewire Software, Inc. GWRE	Calls	1,000	$123,050
Mastercard Inc. MA	Puts	200	$102,720
Financial Select Sector SPDR ETF XLF	Calls	1,500	$80,415
Netflix Inc. NFLX	Calls	1,000	$71,400
Roku, Inc. ROKU	Calls	500	$69,070
Meta Platforms, Inc. META	Calls	100	$56,329
Medtronic plc MDT	Calls	500	$39,115
iShares Russell 2000 ETF IWM	Calls	100	$30,045
Pfizer Inc. PFE	Calls	1,200	$28,896
Bank of America Corp. BAC	Calls	500	$28,490
Transocean Ltd RIG	Calls	5,000	$24,450
Nike, Inc. NKE	Calls	400	$16,420
Shoals Technologies Group in SHLS	Calls	1,600	$15,840
Sofi Technologies Inc. SOFI	Calls	800	$14,344
Nokia Corporation NOK	Calls	1,000	$13,280
Palantir Technologies Inc. PLTR	Calls	100	$11,667
Iris Energy Ltd IREN	Calls	100	$4,573

42 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.