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Merck & Co., Inc.

MRK
Exchange
NYSE
Industry
Pharmaceutical Preparations
SEC CIK
0000310158

In the last 90 days, Merck & Co., Inc. insiders filed 0 open-market purchases and 7 sales; 3,855 institutions reported holding it in 13F filings for Q2 2026, worth $254.3B in total; 4 superinvestors hold it, including Harris Associates (Oakmark) and Fairfax Financial.

13F holders, Q4 2025

Institutional positions in Merck & Co., Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
3,674
+428 vs. Q3 2025
Shares held
1.96B
+60.6M (+3.2%) vs. Q3 2025
Total value
$206.6B
+$47.2B (+29.6%) vs. Q3 2025
New holders
555
1,379 more added
Sold out
127
1,404 more reduced

73 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MRK on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 3,674 institutions
Q1 2021: 2,693 institutionsQ2 2021: 2,684 institutionsQ3 2021: 2,658 institutionsQ4 2021: 2,910 institutionsQ1 2022: 2,961 institutionsQ2 2022: 3,019 institutionsQ3 2022: 2,996 institutionsQ4 2022: 3,243 institutionsQ1 2023: 3,187 institutionsQ2 2023: 3,261 institutionsQ3 2023: 3,221 institutionsQ4 2023: 3,443 institutionsQ1 2024: 3,546 institutionsQ2 2024: 3,557 institutionsQ3 2024: 3,501 institutionsQ4 2024: 3,618 institutionsQ1 2025: 3,459 institutionsQ2 2025: 3,337 institutionsQ3 2025: 3,319 institutionsQ4 2025: 3,674 institutionsQ1 2026: 3,812 institutionsQ2 2026: 3,855 institutions
Value heldQ4 2025: $206.6B
Q1 2021: $143.2BQ2 2021: $144.3BQ3 2021: $138.8BQ4 2021: $142.2BQ1 2022: $152.1BQ2 2022: $171.5BQ3 2022: $162.7BQ4 2022: $212.2BQ1 2023: $205.1BQ2 2023: $222.8BQ3 2023: $197.7BQ4 2023: $211.6BQ1 2024: $256.9BQ2 2024: $242.3BQ3 2024: $221.8BQ4 2024: $196.9BQ1 2025: $177.7BQ2 2025: $155.9BQ3 2025: $159.8BQ4 2025: $206.6BQ1 2026: $231.9BQ2 2026: $254.3B
Institutions holding MRK and their total value by quarter
QuarterHoldersValue
Q2 20263,855$254.3B
Q1 20263,812$231.9B
Q4 20253,674$206.6B
Q3 20253,319$159.8B
Q2 20253,337$155.9B
Q1 20253,459$177.7B
Q4 20243,618$196.9B
Q3 20243,501$221.8B
Q2 20243,557$242.3B
Q1 20243,546$256.9B
Q4 20233,443$211.6B
Q3 20233,221$197.7B
Q2 20233,261$222.8B
Q1 20233,187$205.1B
Q4 20223,243$212.2B
Q3 20222,996$162.7B
Q2 20223,019$171.5B
Q1 20222,961$152.1B
Q4 20212,910$142.2B
Q3 20212,658$138.8B
Q2 20212,684$144.3B
Q1 20212,693$143.2B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Merck & Co., Inc.; share changes are against Q3 2025.

Institutions holding MRK in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Manning & Napier Advisors LLC175,513$18.6M0.24%−11,241−6.0%Reduced
ARS Wealth Advisors Group, LLC175,370$18.5M1.66%+3,898+2.3%Added
Assetmark, Inc174,873$18.4M0.04%−2,045−1.2%Reduced
Fairfax Financial Holdings LtdSuperinvestorFairfax Financial172,900$18.2M0.87%00.0%Unchanged
Cheviot Value Management, LLC169,736$18.1M1.78%+4,424+2.7%Added
Charter Trust Co172,032$18.1M1.05%+11,622+7.2%Added
Forbes J M & Co LLP170,967$18.0M1.46%+1,520+0.9%Added
Woodmont Investment Counsel LLC170,507$17.9M1.13%+3,189+1.9%Added
Blackhill Capital Inc168,857$17.8M0.91%00.0%Unchanged
Grandfield & Dodd, LLC168,061$17.7M1.00%−16,228−8.8%Reduced
Advisors Capital Management, LLC164,685$17.3M0.20%+11,121+7.2%Added
Oppenheimer & Co Inc164,462$17.3M0.25%+3,198+2.0%Added
Bourgeon Capital Management LLC164,356$17.3M2.82%−2,871−1.7%Reduced
Vestor Capital, LLC689$17.3M1.26%−5,072−88.0%Reduced
Intech Investment Management LLC162,728$17.1M0.15%−459,082−73.8%Reduced
Old National Bancorp162,591$17.1M0.28%−5,869−3.5%Reduced
ExodusPoint Capital Management, LP161,907$17.0M0.19%+161,907New
MUFG Securities EMEA plc161,752$17.0M0.20%−607,057−79.0%Reduced
Massmutual Trust Co FSB160,306$16.9M0.43%−3,749−2.3%Reduced
Kimelman & Baird, LLC160,179$16.9M1.30%−2,271−1.4%Reduced
Kentucky Retirement Systems158,196$16.7M0.45%00.0%Unchanged
One Capital Management, LLC158,176$16.6M0.50%+9,843+6.6%Added
Merit Financial Group, LLC158,043$16.6M0.13%+17,300+12.3%Added
First Manhattan Co156,577$16.6M0.04%+13,999+9.8%Added
Argent Trust Co157,576$16.6M0.57%−2,338−1.5%Reduced
Steadfast Capital Management LP157,100$16.5M0.29%+157,100New
Kingsview Wealth Management, LLC156,956$16.5M0.24%−60,214−27.7%Reduced
Loomis Sayles & Co L P155,310$16.3M0.02%−54,201−25.9%Reduced
Ar Asset Management Inc155,220$16.3M3.34%−250−0.2%Reduced
Logan Capital Management Inc155,114$16.3M0.69%−3,703−2.3%Reduced
Talbot Financial, LLC155,070$16.3M1.34%+945+0.6%Added
Snowden Capital Advisors LLC152,975$16.3M0.42%+61,004+66.3%Added
Stonebridge Capital Advisors LLC154,754$16.3M1.13%+1,807+1.2%Added
Norinchukin Bank, The154,420$16.3M0.19%+7,512+5.1%Added
Parthenon LLC153,741$16.2M1.75%−421−0.3%Reduced
Ally Financial Inc.153,000$16.1M1.97%00.0%Unchanged
CCM Investment Advisers LLC152,740$16.1M1.54%−4,031−2.6%Reduced
Crawford Investment Counsel Inc152,669$16.1M0.27%−9,467−5.8%Reduced
AE Wealth Management LLC152,507$16.1M0.09%−102,481−40.2%Reduced
Skba Capital Management LLC151,872$16.0M2.27%−13,530−8.2%Reduced
Central Securities Corp150,000$15.8M1.27%00.0%Unchanged
Fideuram Asset Management (Ireland) dac173,239$15.8M1.26%+173,239New
United Capital Financial Advisers, LLC148,903$15.7M0.09%+26,911+22.1%Added
Washington Trust Bank148,235$15.6M1.09%−1,846−1.2%Reduced
Bragg Financial Advisors, Inc146,456$15.4M0.50%−1,222−0.8%Reduced
Middleton & Co Inc145,353$15.3M1.62%+2,239+1.6%Added
Hartford Investment Management Co143,380$15.1M0.45%−2,916−2.0%Reduced
Montag A & Associates Inc141,706$15.0M0.69%−1,974−1.4%Reduced
Franklin Street Advisors Inc142,541$15.0M0.86%+117,213+462.8%Added
LMCG Investments, LLC142,525$15.0M0.86%+18,415+14.8%Added
Tokio Marine Asset Management Co Ltd142,493$15.0M0.52%−16,364−10.3%Reduced
Wescott Financial Advisory Group, LLC142,332$15.0M1.31%−13,382−8.6%Reduced
Cornerstone Advisors, LLC142,100$15.0M0.50%00.0%Unchanged
Bright Rock Capital Management, LLC142,000$14.9M2.94%00.0%Unchanged
Saturna Capital CORP141,026$14.8M0.20%−4,123−2.8%Reduced
Arkadios Wealth Advisors141,002$14.8M0.29%+61,036+76.3%Added
Davy Global Fund Management Ltd140,566$14.8M1.02%−19,153−12.0%Reduced
Redwood Grove Capital, LLC139,668$14.7M4.19%−6,700−4.6%Reduced
Foster Victor Wealth Advisors, LLC135,004$14.7M0.86%+4,772+3.7%Added
Leonteq Securities AG138,929$14.6M0.78%−6,993−4.8%Reduced
Summit Financial, LLC137,745$14.6M0.21%+17,528+14.6%Added
Eagle Global Advisors LLC138,589$14.6M0.54%−1,487−1.1%Reduced
Wesleyan Assurance Society138,371$14.6M0.84%+2,000+1.5%Added
Dodge & Cox138,205$14.5M0.01%−16,070−10.4%Reduced
Blue Sparrow, LLC137,700$14.5M0.27%+137,700New
Metis Global Partners, LLC137,671$14.5M0.34%−4,967−3.5%Reduced
JB Capital LLC137,269$14.4M0.59%+9,354+7.3%Added
QV Investors Inc.136,687$14.4M1.18%−4,050−2.9%Reduced
Advisory Services Network, LLC136,528$14.4M0.20%+18,462+15.6%Added
Azimuth Capital Investment Management LLC135,818$14.3M0.51%−1,659−1.2%Reduced
Buck Wealth Strategies, LLC135,392$14.3M1.81%+6,431+5.0%Added
Fundamentun, LLC135,281$14.2M0.57%+6,952+5.4%Added
Triglav Skladi, D.O.O.134,819$14.2M0.90%+691+0.5%Added
Drexel Morgan & Co.132,292$13.9M2.18%00.0%Unchanged
Bollard Group LLC132,074$13.9M0.37%−41,293−23.8%Reduced
Noesis Capital Mangement Corp131,913$13.9M2.01%+2,882+2.2%Added
GAM Holding AG130,615$13.7M0.88%+7,714+6.3%Added
Laird Norton Trust Company, LLC129,358$13.7M0.29%+129,358New
Rodgers Brothers Inc.130,316$13.7M1.64%−2,970−2.2%Reduced
Vident Advisory, LLC129,260$13.6M0.13%+9,578+8.0%Added
RSM US Wealth Management LLC127,931$13.6M0.17%+8,554+7.2%Added
Tectonic Advisors LLC128,208$13.5M0.71%+3,258+2.6%Added
Goelzer Investment Management, Inc.127,960$13.5M0.62%+964+0.8%Added
Jane Street Group, LLC127,687$13.4M0.02%−523,397−80.4%Reduced
New Age Alpha Advisors, LLC127,557$13.4M0.58%−28,212−18.1%Reduced
Lombard Odier Asset Management (Switzerland) SA127,462$13.4M0.57%−14,857−10.4%Reduced
Bokf, NA127,249$13.4M0.20%−28,321−18.2%Reduced
Atalanta Sosnoff Capital, LLC126,960$13.4M0.26%+126,960New
Louisiana State Employees Retirement System126,800$13.3M0.23%−4,300−3.3%Reduced
Caption Management, LLC126,500$13.3M0.59%+121,899+2,649.4%Added
Gulf International Bank (UK) Ltd126,344$13.3M0.43%00.0%Unchanged
Bleakley Financial Group, LLC126,287$13.3M0.23%+54,840+76.8%Added
Bartlett & Co. Wealth Management LLC124,785$13.2M0.17%−8,651−6.5%Reduced
Maryland State Retirement & Pension System125,714$13.2M0.27%00.0%Unchanged
American Assets Investment Management, LLC125,000$13.2M0.91%00.0%Unchanged
Cohen Klingenstein LLC124,194$13.1M0.40%00.0%Unchanged
Brevan Howard Capital Management LP124,146$13.1M0.25%+31,029+33.3%Added
Woodstock Corp123,688$13.0M1.12%+198+0.2%Added
Monarch Capital Management Inc122,866$13.0M3.20%−476−0.4%Reduced
Cullen Investment Group, Ltd.117,623$13.0M1.69%−11,693−9.0%Reduced