MERCER GLOBAL ADVISORS INC /ADV

RIA/Wealth

MERCER GLOBAL ADVISORS INC /ADV is a RIA/Wealth based in Denver, CO led by Charles David Welling, reporting $60.3B in AUM as of Q3 2025 with 72% ETF concentration.

CEOCharles David Welling

Portfolio Value: $59.9B
Positions: 2,619
Top Holding: AGG at 5.56%
Last Reported: Q3 2025

Address1200 17th Street, Suite 500, Denver, CO, 80202, United States

Top Holdings

Largest long holdings in MERCER GLOBAL ADVISORS INC /ADV's portfolio (36.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core U.S. Aggregate Bond AGG	ETF ETF	$3.3B	5.56%	+$495.5M Bought	— 33.2M shares	Q1 2019 Held for 6y 9m
2 Vanguard S&P 500 ETF VOO	ETF ETF	$3.0B	5.03%	+$171.6M Bought	— 4.9M shares	Q1 2019 Held for 6y 9m
3 Vanguard Short-Term Bond BSV	ETF ETF	$3.0B	4.99%	+$298.0M Bought	— 37.9M shares	Q1 2019 Held for 6y 9m
4 Dimensional U.S. Core Equity 2 DFAC	ETF ETF	$2.4B	3.95%	+$180.1M Bought	— 61.2M shares	Q2 2021 Held for 4y 6m
5 Vanguard FTSE Developed Markets VEA	ETF ETF	$2.0B	3.34%	+$287.5M Bought	— 33.4M shares	Q1 2019 Held for 6y 9m
6 iShares MSCI USA Momentum Factor MTUM	ETF ETF	$1.9B	3.25%	+$3.0M Bought	— 7.6M shares	Q1 2019 Held for 6y 9m
7 DFUV Dimensional US Marketwide Value DFUV	ETF ETF	$1.7B	2.85%	+$91.0M Bought	— 38.1M shares	Q2 2022 Held for 3y 6m
8 Dimensional US High Profitability DUHP	ETF ETF	$1.6B	2.69%	+$93.8M Bought	— 42.6M shares	Q3 2022 Held for 3y 3m
9 Vanguard Total International Bond BNDX	ETF ETF	$1.5B	2.58%	+$249.3M Bought	— 31.2M shares	Q1 2019 Held for 6y 9m
10 Apple AAPL	Consumer Electronics Technology	$1.5B	2.55%	+$1.5B Bought	0.04% 6.1M shares	Q4 2024 Held for 1 year

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MERCER GLOBAL ADVISORS INC /ADV's latest filing

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Market Value

$59.9B

Prior: $44.5B

Q/Q Change

+34.41%

+$15.3B

Net Flows % of MV

+11.52%

Turnover Ratio

12.44%

New Purchases

261 stocks

$264.8M

Added To

1,375 stocks

+$7.6B

Sold Out Of

100 stocks

$57.4M

Reduced Holdings

707 stocks

-$918.2M

Increased Positions

Position	Shares Δ	Change
1 Principal U.S. Mega-Cap ETF USMC	New	0 → 904.9K +$61.7M
2 Innovator Laddered Allocation Power Buffer BUFF	New	0 → 915.7K +$44.7M
3 Whiting Petroleum Corporation WRD	New	0 → 2.6M +$25.9M
4 Calvert US Large-Cap Core Responsible Index CVLC	New	0 → 278.3K +$22.8M
5 Calvert International Responsible Index CVIE	New	0 → 121.0K +$8.3M

Decreased Positions

Position	Shares Δ	Change
1 Fiserv FI	Sold	128.6K → 0 −$22.2M
2 Hess HES	Sold	20.8K → 0 −$2.9M
3 Dutch Bros BROS	Sold	24.4K → 0 −$1.7M
4 Return Stacked Global Stocks & Bonds RSSB	Sold	61.9K → 0 −$1.6M
5 Juniper Networks JNPR	Sold	34.9K → 0 −$1.4M

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Analytics

Portfolio insights and performance metrics for MERCER GLOBAL ADVISORS INC /ADV

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Sector Allocation

ETF

72.00%

Technology

9.80%

Financial Services

3.70%

Consumer Cyclical

2.60%

Communication Services

2.30%

Industrials

2.20%

Healthcare

2.10%

Consumer Defensive

1.30%

Energy

1.00%

Real Estate

0.60%

Utilities

0.60%

Basic Materials

0.50%

Market Cap Distribution

Mega Cap (> $200B)

14.47%

Large Cap ($10B - $200B)

10.60%

Mid Cap ($2B - $10B)

1.28%

Small Cap ($300M - $2B)

0.21%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.05%

N/A (ETF or Unknown)

73.37%

Portfolio Concentration

Top 10 Holdings %

36.8%

Top 20 Holdings %

52.26%

Top 50 Holdings %

67.97%

Top 100 Holdings %

77.37%