MERCER GLOBAL ADVISORS INC /ADV Q4 2025 Filing

Filed February 18, 2026

Portfolio Value

$65.6B

Holdings

2,840

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (2,840 positions)

#	Stock	Shares	Value	% Portfolio
1	AGGISHARES TR	36,259,568	$3.6B	5.52%
2	BSVVANGUARD BD INDEX FDS	41,443,879	$3.3B	4.98%
3	VOOVANGUARD INDEX FDS	5,382,675	$3.1B	4.75%
4	DFACDIMENSIONAL ETF TRUST	64,358,203	$2.5B	3.88%
5	VEAVANGUARD TAX-MANAGED FDS	34,844,186	$2.2B	3.32%
6	MTUMISHARES TR	7,824,890	$2.0B	2.98%
7	DFUVDIMENSIONAL ETF TRUST	39,863,226	$1.9B	2.83%
8	AAPLAPPLE INC	6,601,785	$1.8B	2.72%
9	DUHPDIMENSIONAL ETF TRUST	44,791,614	$1.7B	2.60%
10	BNDXVANGUARD CHARLOTTE FDS	34,728,517	$1.7B	2.56%
11	DFICDIMENSIONAL ETF TRUST	36,999,033	$1.3B	1.94%
12	IMTMISHARES TR	22,855,822	$1.1B	1.67%
13	NVDANVIDIA CORPORATION	5,990,493	$1.1B	1.65%
14	DFIVDIMENSIONAL ETF TRUST	21,523,566	$1.1B	1.64%
15	DIHPDIMENSIONAL ETF TRUST	30,174,025	$955.0M	1.46%
16	MSFTMICROSOFT CORP	1,975,658	$953.0M	1.45%
17	MUBISHARES TR	8,549,244	$915.0M	1.39%
18	SUBISHARES TR	8,489,274	$905.0M	1.38%
19	VWOVANGUARD INTL EQUITY INDEX F	15,834,560	$851.0M	1.30%
20	AVSCAMERICAN CENTY ETF TR	14,459,274	$849.0M	1.29%
21	VBVANGUARD INDEX FDS	3,195,143	$824.0M	1.26%
22	AVEMAMERICAN CENTY ETF TR	9,627,411	$741.0M	1.13%
23	VTIVANGUARD INDEX FDS	2,052,515	$687.0M	1.05%
24	VTEBVANGUARD MUN BD FDS	10,228,805	$514.0M	0.78%
25	AMZNAMAZON COM INC	2,120,444	$493.0M	0.75%
26	IVVISHARES TR	713,159	$489.0M	0.75%
27	GOOGLALPHABET INC	1,532,806	$480.0M	0.73%
28	GOOGALPHABET INC	1,215,875	$388.0M	0.59%
29	AVGOBROADCOM INC	1,119,547	$384.0M	0.59%
30	VYMVANGUARD WHITEHALL FDS	2,751,727	$373.0M	0.57%
31	SPYSPDR S&P 500 ETF TR	535,995	$364.0M	0.55%
32	AQLTISHARES TR	3,982,084	$356.0M	0.54%
33	DFCADIMENSIONAL ETF TRUST	6,138,572	$307.0M	0.47%
34	METAMETA PLATFORMS INC	461,718	$298.0M	0.45%
35	IWBISHARES TR	792,517	$295.0M	0.45%
36	SCHXSCHWAB STRATEGIC TR	10,387,007	$283.0M	0.43%
37	BRK/BBERKSHIRE HATHAWAY INC DEL	548,252	$275.0M	0.42%
38	NDQINVESCO QQQ TR	430,342	$263.0M	0.40%
39	VXFVANGUARD INDEX FDS	1,213,006	$253.0M	0.39%
40	JPMJPMORGAN CHASE & CO.	760,957	$250.0M	0.38%
41	TSLATESLA INC	523,753	$232.0M	0.35%
42	IBDTISHARES TR	8,819,963	$225.0M	0.34%
43	QUALISHARES TR	1,369,378	$221.0M	0.34%
44	SCHFSCHWAB STRATEGIC TR	9,122,515	$219.0M	0.33%
45	DFUSDIMENSIONAL ETF TRUST	2,825,574	$209.0M	0.32%
46	IWFISHARES TR	430,661	$203.0M	0.31%
47	WMTWALMART INC	1,804,128	$201.0M	0.31%
48	VGTVANGUARD WORLD FD	249,617	$188.0M	0.29%
49	XOMEXXON MOBIL CORP	1,503,594	$182.0M	0.28%
50	VIGVANGUARD SPECIALIZED FUNDS	772,653	$170.0M	0.26%
51	VLUEISHARES TR	1,228,831	$168.0M	0.26%
52	JNJJOHNSON & JOHNSON	849,734	$167.0M	0.25%
53	IJRISHARES TR	1,326,065	$158.0M	0.24%
54	IEMGISHARES INC	2,329,384	$156.0M	0.24%
55	NFLXNETFLIX INC	1,616,762	$152.0M	0.23%
56	LLYELI LILLY & CO	134,390	$149.0M	0.23%
57	IDV*ISHARES TR	3,793,581	$149.0M	0.23%
58	IJHISHARES TR	2,275,104	$149.0M	0.23%
59	VUGVANGUARD INDEX FDS	308,007	$149.0M	0.23%
60	EAGGISHARES TR	2,963,376	$141.0M	0.21%
61	EFAISHARES TR	1,463,552	$140.0M	0.21%
62	IVLUISHARES TR	3,663,188	$139.0M	0.21%
63	IBDVISHARES TR	6,189,596	$136.0M	0.21%
64	VTESVANGUARD WELLINGTON FD	1,313,515	$133.0M	0.20%
65	IBDUISHARES TR	5,611,412	$131.0M	0.20%
66	HDHOME DEPOT INC	379,969	$131.0M	0.20%
67	VOVANGUARD INDEX FDS	451,908	$131.0M	0.20%
68	ESGDISHARES TR	1,369,980	$129.0M	0.20%
69	RJFRAYMOND JAMES FINL INC	792,153	$127.0M	0.19%
70	IBDSISHARES TR	5,175,746	$125.0M	0.19%
71	CSCOCISCO SYS INC	1,583,346	$124.0M	0.19%
72	ITOTISHARES TR	826,324	$122.0M	0.19%
73	IQLTISHARES TR	2,648,394	$120.0M	0.18%
74	GQ9SPDR GOLD TR	313,880	$120.0M	0.18%
75	USMVISHARES TR	1,267,613	$119.0M	0.18%
76	EOGEOG RES INC	1,129,439	$118.0M	0.18%
77	APHAMPHENOL CORP NEW	866,313	$117.0M	0.18%
78	IWMISHARES TR	474,279	$116.0M	0.18%
79	VVISA INC	327,629	$114.0M	0.17%
80	XLKSELECT SECTOR SPDR TR	792,342	$113.0M	0.17%
81	AVUSAMERICAN CENTY ETF TR	1,015,677	$113.0M	0.17%
82	COSTCOSTCO WHSL CORP NEW	127,961	$113.0M	0.17%
83	QCOMQUALCOMM INC	662,857	$112.0M	0.17%
84	LRCXLAM RESEARCH CORP	647,175	$110.0M	0.17%
85	CVXCHEVRON CORP NEW	686,339	$107.0M	0.16%
86	INTCINTEL CORP	2,915,058	$107.0M	0.16%
87	IWVISHARES TR	272,375	$105.0M	0.16%
88	ORCLORACLE CORP	521,493	$102.0M	0.16%
89	IBDRISHARES TR	4,136,377	$100.0M	0.15%
90	ABBVABBVIE INC	430,631	$100.0M	0.15%
91	IBMQISHARES TR	3,902,720	$99.0M	0.15%
92	MUMICRON TECHNOLOGY INC	345,378	$98.0M	0.15%
93	KLACKLA CORP	81,483	$98.0M	0.15%
94	SPYMSPDR SERIES TRUST	1,170,521	$93.0M	0.14%
95	CATCATERPILLAR INC	156,535	$92.0M	0.14%
96	PGPROCTER AND GAMBLE CO	621,261	$91.0M	0.14%
97	FTECFIDELITY COVINGTON TRUST	402,846	$90.0M	0.14%
98	FDXFEDEX CORP	307,496	$88.0M	0.13%
99	VTVVANGUARD INDEX FDS	462,799	$88.0M	0.13%
100	SUSLISHARES TR	732,489	$88.0M	0.13%

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