MERCER GLOBAL ADVISORS INC /ADV

CIK 0000853758 · Q2 2026

13F Equity AUM

$80.0B

+18.4% QoQ

Positions

4,418

+1259 QoQ

AUM Rank

#527

Top 4%

Skill Alpha (FF)

-2.1%/yr

Underperformer

Rank #5,305 · Top 65%

vs S&P -3.8%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 22.6%Top 10: 36.4%Top 20: 51.7%

AGG5.5%

BSV4.9%

VOO4.7%

DFAC4.1%

MTUM3.5%

VEA3.3%

DFUV3.0%

DUHP2.7%

AAPL2.5%

BNDX2.4%

Others (4408)63.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services74.1%

Technology11.1%

Industrials2.8%

Healthcare2.5%

Consumer Cyclical2.4%

Communication Services2.3%

Other4.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 4418Median: 0.00%Avg: 0.02%

0–0.5%

4385(38.6%)

0.5–1%

10(6.3%)

1–3%

17(29.3%)

3–5%

5(20.4%)

5%+

1(5.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 4,418vs 20 funds

0%Low

4,418

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New2865Increased2029Decreased1088Exited51

New Positions

CARNIVAL CORP LTD0.0%

+949K

HONEYWELL INTL INC0.0%

+58K

FEDEX FGHT HLDG CO I…0.0%

+104K

HONEYWELL AEROSPACE …0.0%

+56K

NUBD0.0%

+237K

BAI0.0%

+93K

SPACE EXPLORATION TE…0.0%

+45K

USD0.0%

+82K

JVAL0.0%

+103K

DNTH0.0%

+66K

Increased

AGG5.5%

+5.1M(+13%)

BSV4.9%

+5.0M(+11%)

DIHP1.5%

+3.0M(+9%)

DFIC1.9%

+3.0M(+8%)

DFAC4.1%

+2.9M(+4%)

BNDX2.4%

+2.7M(+7%)

DUHP2.7%

+2.5M(+5%)

IMTM1.7%

+1.8M(+8%)

IGIB0.1%

+1.8M(+4799%)

VXUS0.2%

+1.7M(+340%)

Decreased

TBLL0.0%

-1,096,243(-100%)

SCHP0.0%

-819,301(-52%)

ORKA0.0%

-801,393(-100%)

INTC0.3%

-689,529(-27%)

IEFA0.5%

-570,229(-12%)

VTI0.7%

-545,835(-26%)

BBAI0.0%

-506,383(-98%)

PFFD0.0%

-497,204(-58%)

WRD0.0%

-424,374(-25%)

IJH0.1%

-418,141(-22%)

Exited

CCL

-1,063,475

HON

-116,056

CTRA

-212,055

-119,148

CRWG

-20,000

PKST

-19,717

NEUBERGER HIGH YIELD…

-13,243

FFWM

-32,299

SEE

-7,085

HOLX

-22,187

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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