MERCER GLOBAL ADVISORS INC /ADV

CIK 0000853758 · Q1 2026

13F Equity AUM

$67.6B

+3.0% QoQ

Positions

3,159

+349 QoQ

AUM Rank

#192

Top 2%

Skill Alpha (FF)

-2.1%/yr

Underperformer

Rank #5,305 · Top 65%

vs S&P -7.0%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 23.1%Top 10: 36.9%Top 20: 52.6%

AGG5.8%

BSV5.3%

VOO4.7%

DFAC4.0%

VEA3.4%

DFUV3.0%

MTUM3.0%

DUHP2.6%

BNDX2.6%

AAPL2.5%

Others (3149)63.1%

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

Sector Allocation

Financial Services75.4%

Technology9.5%

Industrials2.6%

Healthcare2.6%

Consumer Cyclical2.5%

Communication Services2.4%

Other5.1%

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

Position Sizing

Positions: 3159Median: 0.00%Avg: 0.03%

0–0.5%

3127(38.4%)

0.5–1%

10(6.7%)

1–3%

16(28.7%)

3–5%

4(15.1%)

5%+

2(11.1%)

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

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Portfolio Overlap

Shared: 3,074Unique: 85vs 20 funds

41.6%High

3,159

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

54.7%

BANK OF AMERICA CORP /DE/

57%

48.2%

51.7%

49.3%

53.1%

GEODE CAPITAL MANAGEMENT, LLC

46.5%

VANGUARD CAPITAL MANAGEMENT LLC

46.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

50.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New547Increased1663Decreased967Exited171

New Positions

TBLL0.2%

+1.1M

CAPR0.0%

+403K

AZN0.0%

+76K

FBT0.0%

+19K

BUFD0.0%

+317K

ISHG0.0%

+118K

DEHP0.0%

+107K

BPRE0.0%

+302K

DFEV0.0%

+134K

PNFP0.0%

+73K

Increased

DFAC4.0%

+5.9M(+9%)

BSV5.3%

+4.0M(+10%)

DUHP2.6%

+3.9M(+9%)

AGG5.8%

+3.1M(+9%)

DFUV3.0%

+2.5M(+6%)

DIHP1.5%

+2.2M(+7%)

BNDX2.6%

+1.6M(+4%)

DFIC2.0%

+1.5M(+4%)

DFAI0.1%

+1.2M(+103%)

USIG0.1%

+1.2M(+14054%)

Decreased

IBDT0.2%

-3,534,939(-40%)

IBMQ0.1%

-1,846,866(-47%)

REKR0.0%

-1,700,650(-50%)

SPTI0.0%

-1,205,184(-83%)

BSCW0.0%

-1,159,858(-86%)

IBDW0.0%

-1,031,595(-53%)

WRD0.0%

-948,375(-36%)

BBAI0.0%

-910,955(-64%)

SPTL0.0%

-816,012(-83%)

IBDV0.2%

-815,364(-13%)

Exited

-115,005

-1,289,720

-102,425

-129,278

-74,099

-107,819

-45,403

-8,776

-18,221

FFLC

-6,031

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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