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Merlin, Inc.

MRLN
Exchange
Nasdaq
Industry
Services-Computer Integrated Systems Design
SEC CIK
0002028707

No open-market purchases or sales by Merlin, Inc. insiders were filed in the last 90 days; 62 institutions reported holding it in 13F filings for Q2 2026, worth $88.9M in total; no superinvestor holds it.

13F holders, Q1 2025

Institutional positions in Merlin, Inc. as of Mar 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
35
+9 vs. Q4 2024
Shares held
21.3M
+7.49M (+54.1%) vs. Q4 2024
Total value
$212.2M
+$70.7M (+50.0%) vs. Q4 2024
New holders
17
6 more added
Sold out
8
3 more reduced

1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MRLN 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 holdersQ1 2025: 35 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 0 institutionsQ3 2022: 0 institutionsQ4 2022: 0 institutionsQ1 2023: 0 institutionsQ2 2023: 0 institutionsQ3 2023: 0 institutionsQ4 2023: 0 institutionsQ1 2024: 0 institutionsQ2 2024: 0 institutionsQ3 2024: 0 institutionsQ4 2024: 27 institutionsQ1 2025: 35 institutionsQ2 2025: 43 institutionsQ3 2025: 42 institutionsQ4 2025: 58 institutionsQ1 2026: 29 institutionsQ2 2026: 62 institutions
Value heldQ1 2025: $212.2M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $0Q3 2022: $0Q4 2022: $0Q1 2023: $0Q2 2023: $0Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $0Q3 2024: $0Q4 2024: $142.5MQ1 2025: $212.2MQ2 2025: $244.5MQ3 2025: $244.3MQ4 2025: $195.4MQ1 2026: $27.3MQ2 2026: $88.9M
Institutions holding MRLN and their total value by quarter
QuarterHoldersValue
Q2 202662$88.9M
Q1 202629$27.3M
Q4 202558$195.4M
Q3 202542$244.3M
Q2 202543$244.5M
Q1 202535$212.2M
Q4 202427$142.5M
Q3 20240$0
Q2 20240$0
Q1 20240$0
Q4 20230$0
Q3 20230$0
Q2 20230$0
Q1 20230$0
Q4 20220$0
Q3 20220$0
Q2 20220$0
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Merlin, Inc.; share changes are against Q4 2024.

Institutions holding MRLN in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Healthcare of Ontario Pension Plan Trust Fund2,475,000$24.8M0.05%+2,475,000New
Continental General Insurance Co2,000,000$20.0M6.93%+2,000,000New
CNH Partners LLC1,918,600$19.2M0.47%00.0%Unchanged
Westchester Capital Management, LLC1,515,000$15.2M0.88%+275,000+22.2%Added
Hudson Bay Capital Management LP1,500,000$15.0M0.10%00.0%Unchanged
Vivaldi Asset Management, LLC1,265,000$12.7M0.92%+15,000+1.2%Added
Polar Asset Management Partners Inc.1,250,000$12.5M0.41%00.0%Unchanged
D. E. Shaw & Co., Inc.1,237,500$12.4M0.01%00.0%Unchanged
Wolverine Asset Management LLC1,106,088$11.1M0.22%+888,474+408.3%Added
LMR Partners LLP1,000,000$10.0M0.20%+1,000,000New
Linden Advisors LP750,000$7.52M0.05%+750,000New
Two Sigma Investments, LP625,000$6.26M0.01%00.0%Unchanged
Berkley W R Corp547,135$5.48M0.40%+447,135+447.1%Added
Goldman Sachs Group Inc543,963$5.45M0.00%00.0%Unchanged
Ghisallo Capital Management LLC500,000$5.01M0.44%+500,000New
Rivernorth Capital Management, LLC500,000$5.00M0.27%00.0%Unchanged
Periscope Capital Inc.345,000$3.45M1.92%+220,000+176.0%Added
Mizuho Securities USA LLC281,277$2.80M0.06%+281,277New
Quarry LP250,000$2.50M0.65%00.0%Unchanged
Karpus Management, Inc.206,130$2.06M0.07%+206,130New
Picton Mahoney Asset Management200,000$2.00M0.07%00.0%Unchanged
Commonwealth of Pennsylvania Public School Empls Retrmt Sys200,000$2.00M0.01%+200,000New
Gritstone Asset Management LLC199,299$1.99M2.09%+159,834+405.0%Added
Virtu Financial LLC197,873$1.99M0.11%−90,708−31.4%Reduced
DLD Asset Management, LP124,673$1.25M0.18%+124,673New
Schonfeld Strategic Advisors LLC100,000$1.00M0.01%+100,000New
Centiva Capital, LP76,400$766.3K0.04%+76,400New
Toronto Dominion Bank238,585$760.4K0.00%−204,680−46.2%Reduced
Glazer Capital, LLC75,430$755.0K0.03%+75,430New
Mirae Asset Global Investments Co., Ltd.60,754$609.4K0.00%+60,754New
Bulldog Investors, LLP39,020$390.6K0.11%+39,020New
Robinson Capital Management, LLC15,250$153.0K0.06%+15,250New
Clear Street LLC229$2.29K0.00%−668,841−100.0%Reduced
UBS Group AG50$5010.00%+50New
Morgan Stanley40$4000.00%+40New
Saba Capital Management, L.P.0$00.00%−1,224,823−100.0%Sold out
Shaolin Capital Management LLC0$00.00%0Sold out
K2 Principal Fund, L.P.0$00.00%−76,717−100.0%Sold out
Fir Tree Capital Management LP0$00.00%−50,000−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−34,430−100.0%Sold out
Atw Spac Management LLC0$00.00%−34,430−100.0%Sold out
StoneX Group Inc.0$00.00%−20,000−100.0%Sold out
Rangeley Capital, LLC0$00.00%−11,800−100.0%Sold out
Spartan Fund Management Inc.––––Not filed