Mercer Global Advisors Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Mercer Global Advisors Inc. reported 2,113 stock positions worth $41.0 billion. Its top holding was iShares Core U.S. Aggregate (AGG) at 5.5% of the portfolio, followed by Vanguard Short-Term Bond ETF (BSV, 5.4%) and Vanguard S&P 500 ETF (VOO, 5.2%). Compared with Q3 2024, it opened 382 new positions, sold out of 217, added to 658 and reduced 1,035. The biggest buy was a new position in Apple (AAPL) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0000853758
- Portfolio Value
- $41.0B (Q4 2024)
- SEC Filing
- 0000853758-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 2,113 stocks · $41.0B
| AGG iShares Core U.S. Aggregate | 5.53% | 23,411,435 | $2.3B | Add +3.9% |
| BSV Vanguard Short-Term Bond ETF | 5.44% | 28,879,736 | $2.2B | Reduce -0.9% |
| VOO Vanguard S&P 500 ETF | 5.23% | 3,981,647 | $2.1B | Reduce -4.3% |
| DFAC Dimensional US Core Equity 2 | 3.92% | 46,498,436 | $1.6B | Reduce -7.2% |
| MTUM iShares MSCI USA Momentum Fa | 3.49% | 6,910,350 | $1.4B | Reduce -12.7% |
| DFUV Dimensional US Marketwide Va | 3.14% | 31,489,188 | $1.3B | Reduce -10.8% |
| AAPL Apple Inc. | 3.01% | 4,989,719 | $1.2B | New |
| DUHP Dimensional US High Profi Et | 2.94% | 35,688,280 | $1.2B | Reduce -5.7% |
| VEA Vanguard Ftse Developed ETF | 2.91% | 24,925,827 | $1.2B | Add +15.4% |
| BNDX Vanguard Total Intl Bond ETF | 2.57% | 21,473,185 | $1.1B | Reduce -0.6% |
| DFIC Dimensional International Co. | 1.73% | 27,409,561 | $708.4M | Add +6.5% |
| MUB iShares National Muni Bond E | 1.67% | 6,435,481 | $685.7M | Reduce -0.1% |
| IMTM iShares MSCI Intl Momentum F | 1.65% | 18,047,797 | $675.0M | Reduce -7.4% |
| SUB iShares Short-Term National | 1.61% | 6,251,064 | $659.4M | Reduce -1.0% |
| NVDA Nvidia Corp. | 1.55% | 5,072,856 | $636.4M | Reduce -0.1% |
| DFIV Dimensional International Va | 1.54% | 17,791,542 | $631.2M | Reduce -8.2% |
| AVSC Avantis US Small Cap Equity | 1.52% | 11,484,250 | $624.3M | New |
| MSFT Microsoft Corp. | 1.43% | 1,399,063 | $587.7M | Reduce -36.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.39% | 2,371,556 | $569.8M | Reduce -1.1% |
| DIHP Dimensional International Hi | 1.37% | 22,293,587 | $562.5M | Add +0.7% |
| AVEM Avantis Emerging Markets Eq | 1.15% | 8,028,007 | $472.0M | New |
| VWO Vanguard Ftse Emerging Marke | 1.13% | 10,492,831 | $462.1M | Add +12.0% |
| IVV iShares Core S&P 500 ETF | 0.86% | 597,817 | $351.9M | Reduce -4.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.83% | 1,180,761 | $342.0M | Add +216.6% |
| AMZN Amazon.com Inc. | 0.82% | 1,539,753 | $338.1M | New |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.72% | 5,874,264 | $294.5M | Reduce -1.4% |
| VYM Vanguard High DVD Yield ETF | 0.68% | 2,187,615 | $279.1M | Reduce -6.3% |
| SCHX Schwab US Large-Cap ETF | 0.67% | 11,897,313 | $275.8M | Reduce -71.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 455,161 | $265.0M | Reduce -69.9% |
| IWB iShares Russell 1000 ETF | 0.61% | 774,884 | $249.6M | Reduce -1.4% |
| QUAL iShares MSCI USA Quality Fac | 0.58% | 1,341,256 | $238.9M | Reduce -26.0% |
| GOOG Alphabet Inc. Class C | 0.51% | 1,101,174 | $208.6M | Reduce -4.7% |
| META Meta Platforms Inc. Class A | 0.50% | 352,294 | $206.3M | Reduce -8.7% |
| DFCA Dimensional Calfornia MB ETF | 0.47% | 3,837,026 | $192.0M | Reduce -13.9% |
| SCHF Schwab Intl Equity ETF | 0.46% | 10,254,241 | $189.7M | Reduce -53.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 416,322 | $188.7M | New |
| AVGO Broadcom Inc. | 0.46% | 834,525 | $187.2M | Reduce -12.3% |
| RJF Raymond James Financial Inc. | 0.45% | 1,183,246 | $183.8M | Reduce -10.2% |
| GOOGL Alphabet Inc. Class A | 0.44% | 957,789 | $181.3M | Reduce -21.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.42% | 659,318 | $174.1M | Add +29.8% |
| VLUE iShares MSCI USA Value Facto | 0.39% | 1,515,932 | $160.1M | Reduce -14.8% |
| IWF iShares Russell 1000 Growth | 0.38% | 384,560 | $154.4M | Reduce -11.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.37% | 1,697,997 | $150.8M | Reduce -11.7% |
| WMT Walmart Inc. | 0.34% | 1,529,950 | $138.2M | Reduce -33.5% |
| TSLA Tesla Inc. | 0.34% | 341,500 | $137.6M | Add +9.3% |
| JPM JPMorgan Chase & Co. | 0.33% | 563,544 | $135.1M | Reduce -20.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.33% | 329,816 | $134.5M | Add +15.7% |
| NFLX Netflix Inc. | 0.33% | 150,236 | $133.9M | Add +81.9% |
| HD Home Depot Inc. | 0.32% | 334,730 | $130.2M | Reduce -5.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.31% | 1,604,768 | $125.2M | Reduce -12.7% |
| IVLU iShares MSCI International V | 0.30% | 4,543,207 | $123.2M | Reduce -13.5% |
| SHM SS SPDR N Ice St Muni ETF | 0.30% | 2,597,305 | $123.1M | Reduce -5.9% |
| IQLT iShares MSCI International Q | 0.30% | 3,261,298 | $121.1M | Reduce -14.2% |
| EOG EOG Resources Inc. | 0.29% | 979,034 | $120.0M | Reduce -7.2% |
| XOM Exxon Mobil Corp. | 0.28% | 1,047,766 | $112.7M | Reduce -6.1% |
| DFUS Dimensional US Eq MKT ETF | 0.27% | 1,715,870 | $109.4M | Reduce -51.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.26% | 1,502,263 | $105.6M | Add +198.6% |
| COST Costco Wholesale Corp. | 0.24% | 109,294 | $99.4M | Reduce -72.3% |
| JNJ Johnson & Johnson | 0.24% | 671,284 | $97.1M | Reduce -8.3% |
| ESGD iShares Trust iShares ESG Aw | 0.22% | 1,205,740 | $91.8M | Add +6.6% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 465,227 | $91.1M | Reduce -6.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 175,659 | $89.8M | New |
| EAGG iShares ESG Aware US Aggrega | 0.22% | 1,927,538 | $89.5M | Add +10.9% |
| QCOM Qualcomm Inc. | 0.22% | 575,101 | $88.3M | Add +2.2% |
| SUSL iShares ESG MSCI USA Leaders | 0.21% | 853,156 | $87.9M | Add +3.3% |
| EFA iShares MSCI Eafe ETF | 0.21% | 1,161,166 | $87.8M | Add +39.9% |
| PG The Procter & Gamble Co. | 0.21% | 514,888 | $86.3M | Reduce -11.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 500,931 | $84.8M | Add +45.3% |
| LLY Eli Lilly & Co. | 0.21% | 111,584 | $84.8M | Reduce -84.1% |
| DFAT Dimensional US Target Value | 0.20% | 1,506,346 | $83.8M | Reduce -33.1% |
| V Visa Inc. Class A | 0.20% | 259,738 | $82.1M | Reduce -9.1% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.20% | 1,884,413 | $80.3M | Add +15.2% |
| UNH Unitedhealth Group Inc. | 0.18% | 148,301 | $75.0M | Reduce -61.8% |
| ORCL Oracle Corp. | 0.17% | 428,498 | $71.4M | Reduce -2.4% |
| IDV iShares International Select | 0.17% | 2,539,023 | $69.5M | Add +6.8% |
| IWV iShares Russell 3000 ETF | 0.17% | 203,726 | $68.1M | Add +26.8% |
| ACN Accenture PLC Class A | 0.17% | 208,681 | $67.7M | Reduce -7.5% |
| KO The Coca-Cola Co. | 0.16% | 1,051,076 | $65.4M | Reduce -5.5% |
| SYK Stryker Corp. | 0.16% | 179,127 | $64.5M | Add +16.1% |
| MRK Merck & Co. Inc. | 0.15% | 633,206 | $63.0M | Reduce -17.9% |
| SCHA Schwab US Small-Cap ETF | 0.15% | 2,398,866 | $62.0M | Reduce -59.9% |
| INTC Intel Corp. | 0.15% | 2,989,218 | $59.9M | Reduce -5.8% |
| ABBV Abbvie Inc. | 0.14% | 334,481 | $59.4M | Reduce -6.0% |
| RSP Invesco S&P 500 Equal Weight | 0.14% | 337,991 | $59.2M | Add +55.7% |
| SPOT Spotify Technology SA | 0.14% | 126,761 | $56.7M | Add +1805.6% |
| IJH iShares Core S&P Midcap ETF | 0.13% | 881,908 | $55.0M | Reduce -63.9% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.13% | 2,171,971 | $54.4M | Reduce -3.7% |
| CVX Chevron Corp. | 0.13% | 369,583 | $53.1M | Reduce -35.8% |
| IBDR iShares Ibonds Dec 2026 Term | 0.13% | 2,202,542 | $53.0M | Add +3.2% |
| DFAS Dimensional US Small Cap ETF | 0.13% | 795,819 | $51.8M | Reduce -38.4% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.12% | 2,126,666 | $51.0M | Add +5.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 1,140,421 | $50.1M | New |
| USFR Wisdomtree Floating Rate Tre | 0.12% | 994,275 | $50.0M | Add +1023.0% |
| AMAT Applied Materials Inc. | 0.12% | 307,269 | $50.0M | New |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.12% | 1,863,839 | $49.6M | Reduce -3.1% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.12% | 1,977,557 | $49.2M | Add +4.9% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.12% | 695,149 | $49.2M | Reduce -23.7% |
| USHY iShares Broad Usd High Yield | 0.12% | 1,330,416 | $48.9M | Add +3.3% |
| IAU iShares Gold Trust | 0.12% | 986,403 | $48.8M | Add +1.5% |
| IJR iShares Core S&P Small-Cap E | 0.12% | 422,260 | $48.7M | Reduce -17.8% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $326K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 248 | $303K | New |
| OXBRW Oxbridge Re Holdings-CW24 | *W EXP 03/26/202 | 47,500 | $23K | No change |
Total filed on the 13F, all lines: $41.0B.
Portfolio Sells Q3 2024 → Q4 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -96.4% | 0.07% | −1.72 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -69.9% | 0.65% | −1.37 |
| LLY Eli Lilly & Co. | Reduce -84.1% | 0.21% | −1.25 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -95.5% | 0.06% | −1.15 |
| SOXX iShares Semiconductor ETF | Reduce -99.7% | 0.02% | −0.75 |
| MSFT Microsoft Corp. | Reduce -36.0% | 1.43% | −0.72 |
| COST Costco Wholesale Corp. | Reduce -72.3% | 0.24% | −0.57 |
| UNH Unitedhealth Group Inc. | Reduce -61.8% | 0.18% | −0.35 |
| AJG Arthur J Gallagher & Co. | Reduce -92.8% | 0.03% | −0.32 |
| DFUV Dimensional US Marketwide Va | Reduce -10.8% | 3.14% | −0.28 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -12.7% | 3.49% | −0.25 |
| NOC Northrop Grumman Corp. | Reduce -92.3% | 0.02% | −0.24 |
| DFUS Dimensional US Eq MKT ETF | Reduce -51.0% | 0.27% | −0.24 |
| SPGI S&P Global Inc. | Reduce -89.7% | 0.03% | −0.24 |
| IJH iShares Core S&P Midcap ETF | Reduce -63.9% | 0.13% | −0.22 |
| VGSH Vanguard Short-Term Treasury | Reduce -73.8% | 0.07% | −0.19 |
| MA Mastercard Inc. Class A | Reduce -59.9% | 0.10% | −0.18 |
| IMTM iShares MSCI Intl Momentum F | Reduce -7.4% | 1.65% | −0.18 |
| DFIV Dimensional International Va | Reduce -8.2% | 1.54% | −0.18 |
| VGT Vanguard Info Tech ETF | Reduce -79.5% | 0.05% | −0.17 |
| UNP Union Pacific Corp. | Reduce -64.3% | 0.07% | −0.13 |
| WAT Waters Corp. | Reduce -96.2% | 0.00% | −0.11 |
| EXPE Expedia Group Inc. | Reduce -97.9% | 0.00% | −0.10 |
| ROP Roper Technologies Inc. | Reduce -89.5% | 0.01% | −0.10 |
| HSY The Hershey Co. | Reduce -90.7% | 0.01% | −0.10 |
| WMT Walmart Inc. | Reduce -33.5% | 0.34% | −0.10 |
| DE Deere & Co. | Reduce -74.3% | 0.03% | −0.09 |
| ORLY O'reilly Automotive Inc. | Reduce -58.6% | 0.07% | −0.09 |
| DFAT Dimensional US Target Value | Reduce -33.1% | 0.20% | −0.08 |
| IHF iShares U.S. Healthcare Prov | Reduce -80.1% | 0.02% | −0.08 |
| XLK SS Technology Select Sector | Reduce -59.1% | 0.07% | −0.08 |
| XLV SS Health Care Select Sector | Reduce -80.0% | 0.02% | −0.08 |
| QUAL iShares MSCI USA Quality Fac | Reduce -26.0% | 0.58% | −0.07 |
| CVX Chevron Corp. | Reduce -35.8% | 0.13% | −0.07 |
| IQLT iShares MSCI International Q | Reduce -14.2% | 0.30% | −0.07 |
| DFAS Dimensional US Small Cap ETF | Reduce -38.4% | 0.13% | −0.07 |
| SCHF Schwab Intl Equity ETF | Reduce -53.8% | 0.46% | −0.07 |
| DFAC Dimensional US Core Equity 2 | Reduce -7.2% | 3.92% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -60.9% | 0.05% | −0.06 |
| DFCA Dimensional Calfornia MB ETF | Reduce -13.9% | 0.47% | −0.06 |
| SCHX Schwab US Large-Cap ETF | Reduce -71.5% | 0.67% | −0.06 |
| VLUE iShares MSCI USA Value Facto | Reduce -14.8% | 0.39% | −0.06 |
| IVLU iShares MSCI International V | Reduce -13.5% | 0.30% | −0.06 |
| DUHP Dimensional US High Profi Et | Reduce -5.7% | 2.94% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -17.9% | 0.15% | −0.05 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -74.7% | 0.02% | −0.05 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -23.7% | 0.12% | −0.04 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -11.7% | 0.37% | −0.04 |
| DFAX Dimensional World Ex US Core | Reduce -54.0% | 0.03% | −0.04 |
| XLI SS Industrial Select Sector | Reduce -53.7% | 0.04% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | New | 3.01% | +3.01 |
| AVSC Avantis US Small Cap Equity | New | 1.52% | +1.52 |
| AVEM Avantis Emerging Markets Eq | New | 1.15% | +1.15 |
| AMZN Amazon.com Inc. | New | 0.82% | +0.82 |
| VTI VG Morningstar TS MKT ETF-US | Add +216.6% | 0.83% | +0.59 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.46% | +0.46 |
| VEA Vanguard Ftse Developed ETF | Add +15.4% | 2.91% | +0.26 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.22% | +0.22 |
| AGG iShares Core U.S. Aggregate | Add +3.9% | 5.53% | +0.20 |
| NFLX Netflix Inc. | Add +81.9% | 0.33% | +0.19 |
| IEFA iShares Core MSCI Eafe ETF | Add +198.6% | 0.26% | +0.17 |
| TSLA Tesla Inc. | Add +9.3% | 0.34% | +0.15 |
| SPOT Spotify Technology SA | Add +1805.6% | 0.14% | +0.13 |
| BAC Bank of America Corp. | New | 0.12% | +0.12 |
| AMAT Applied Materials Inc. | New | 0.12% | +0.12 |
| APH Amphenol Corp. Class A | New | 0.12% | +0.12 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.11% | +0.11 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +29.8% | 0.42% | +0.11 |
| USFR Wisdomtree Floating Rate Tre | Add +1023.0% | 0.12% | +0.11 |
| AXP American Express Co. | New | 0.11% | +0.11 |
| AVUS Avantis U.S. Equity ETF | New | 0.10% | +0.10 |
| AFL Aflac Inc. | New | 0.10% | +0.10 |
| ABT Abbott Laboratories | New | 0.09% | +0.09 |
| AVDE Avantis International Equity | New | 0.09% | +0.09 |
| APGE Apogee Therapeutics Inc. | New | 0.08% | +0.08 |
| PWZ Invesco California Amt-Free | New | 0.08% | +0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +15.7% | 0.33% | +0.08 |
| AMGN Amgen Inc. | New | 0.07% | +0.07 |
| LRCX Lam Research Corp. | New | 0.07% | +0.07 |
| VWO Vanguard Ftse Emerging Marke | Add +12.0% | 1.13% | +0.07 |
| BNY Bank of New York Mellon Corp. | New | 0.07% | +0.07 |
| AVLC Avantis US LG Cap Eq ETF | New | 0.07% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +45.3% | 0.21% | +0.07 |
| ADP Automatic Data Processing | New | 0.06% | +0.06 |
| RTX RTX Corp. | New | 0.06% | +0.06 |
| RSP Invesco S&P 500 Equal Weight | Add +55.7% | 0.14% | +0.05 |
| IEMG iShares Core MSCI Emerging | Add +185.8% | 0.09% | +0.05 |
| EFA iShares MSCI Eafe ETF | Add +39.9% | 0.21% | +0.05 |
| AMD Advanced Micro Devices | New | 0.05% | +0.05 |
| IUSV iShares Core S&P U.S. Value | Add +359.5% | 0.06% | +0.05 |
| VNQ Vanguard Real Estate ETF | Add +294.9% | 0.06% | +0.05 |
| IWV iShares Russell 3000 ETF | Add +26.8% | 0.17% | +0.04 |
| DFIC Dimensional International Co. | Add +6.5% | 1.73% | +0.04 |
| ELV Elevance Health Inc. | New | 0.04% | +0.04 |
| ALL Allstate Corp. | New | 0.04% | +0.04 |
| IYR iShares US Real Estate ETF | Add +1257.8% | 0.04% | +0.04 |
| IBMR iShares Ibonds Dec 2029 M BD | New | 0.04% | +0.04 |
| TRV The Travelers Cos Inc. | New | 0.04% | +0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +296.8% | 0.05% | +0.04 |
| APP AppLovin Corp. Class A | Add +39.7% | 0.05% | +0.04 |
Notes & Other Activity Q3 2024 → Q4 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | New | 248 | $303K |
| ANGHW Anghami Inc. -CW27 | *W EXP 02/03/202 | Sold out | 35,718 | $714before exit |
| VWEWQ Vintage Wine Estates -CW27 | *W EXP 06/08/202 | Sold out | 17,700 | $4before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 3,573 | $80.9B | AGG, BSV, VOO, DFAC, MTUM |
| Q1 2026 | 3,206 | $67.6B | AGG, BSV, VOO, DFAC, VEA |
| Q4 2025 | 2,835 | $65.6B | AGG, BSV, VOO, DFAC, VEA |
| Q3 2025 | 2,628 | $59.9B | AGG, VOO, BSV, DFAC, VEA |
| Q2 2025 | 2,212 | $44.5B | AGG, BSV, VOO, DFAC, MTUM |
| Q1 2025 | 2,143 | $43.6B | AGG, BSV, VOO, DFAC, MTUM |
| Q4 2024 | 2,113 | $41.0B | AGG, BSV, VOO, DFAC, MTUM |
| Q3 2024 | 1,949 | $42.7B | BSV, AGG, VOO, DFAC, MTUM |
| Q2 2024 | 1,964 | $36.7B | BSV, VOO, AGG, DFAC, MTUM |
| Q1 2024 | 1,938 | $35.2B | BSV, VOO, AGG, DFAC, MTUM |