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, Q3 2025
Institutional positions in Merlin, Inc. as of Sep 30, 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
- 42
- 0 vs. Q2 2025
- Shares held
- 23.5M
- −149.0K (−0.6%) vs. Q2 2025
- Total value
- $244.3M
- +$295.7K (+0.1%) vs. Q2 2025
- New holders
- 7
- 5 more added
- Sold out
- 7
- 16 more reduced
1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 62 | $88.9M |
| Q1 2026 | 29 | $27.3M |
| Q4 2025 | 58 | $195.4M |
| Q3 2025 | 42 | $244.3M |
| Q2 2025 | 43 | $244.5M |
| Q1 2025 | 35 | $212.2M |
| Q4 2024 | 27 | $142.5M |
| Q3 2024 | 0 | $0 |
| Q2 2024 | 0 | $0 |
| Q1 2024 | 0 | $0 |
| Q4 2023 | 0 | $0 |
| Q3 2023 | 0 | $0 |
| Q2 2023 | 0 | $0 |
| Q1 2023 | 0 | $0 |
| Q4 2022 | 0 | $0 |
| Q3 2022 | 0 | $0 |
| Q2 2022 | 0 | $0 |
| Q1 2022 | 0 | $0 |
| Q4 2021 | 0 | $0 |
| Q3 2021 | 0 | $0 |
| Q2 2021 | 0 | $0 |
| Q1 2021 | 0 | $0 |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Merlin, Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vivaldi Asset Management, LLC | 2,089,336 | $21.7M | 1.40% | −175,664−7.8% | Reduced |
| CNH Partners LLC | 1,875,100 | $19.5M | 0.50% | −11,500−0.6% | Reduced |
| Meteora Capital, LLC | 1,716,575 | $17.9M | 1.89% | −773,625−31.1% | Reduced |
| Westchester Capital Management, LLC | 1,265,907 | $13.2M | 0.68% | −499,093−28.3% | Reduced |
| Hudson Bay Capital Management LP | 1,244,386 | $12.9M | 0.08% | −255,614−17.0% | Reduced |
| D. E. Shaw & Co., Inc. | 1,237,500 | $12.9M | 0.01% | 00.0% | Unchanged |
| Berkley W R Corp | 1,011,727 | $10.5M | 0.68% | −199,292−16.5% | Reduced |
| LMR Partners LLP | 1,000,000 | $10.4M | 0.13% | 00.0% | Unchanged |
| Picton Mahoney Asset Management | 950,000 | $9.88M | 0.13% | 00.0% | Unchanged |
| Radcliffe Capital Management, L.P. | 912,239 | $9.49M | 0.59% | +786,939+628.0% | Added |
| Moore Capital Management, LP | 750,000 | $7.80M | 0.16% | 00.0% | Unchanged |
| Polar Asset Management Partners Inc. | 750,000 | $7.80M | 0.16% | 00.0% | Unchanged |
| Linden Advisors LP | 750,000 | $7.79M | 0.05% | 00.0% | Unchanged |
| Alberta Investment Management Corp | 750,000 | $7.79M | 0.06% | 00.0% | Unchanged |
| Two Sigma Investments, LP | 625,000 | $6.50M | 0.01% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 531,799 | $5.53M | 0.00% | −12,164−2.2% | Reduced |
| Tenor Capital Management Co., L.P. | 523,075 | $5.44M | 0.07% | +523,075 | New |
| JPMorgan Chase & Co | 509,829 | $5.30M | 0.00% | +509,829 | New |
| Governors Lane LP | 500,000 | $5.20M | 0.72% | +250,000+100.0% | Added |
| Rivernorth Capital Management, LLC | 499,744 | $5.20M | 0.30% | −256−0.1% | Reduced |
| Ghisallo Capital Management LLC | 500,000 | $5.20M | 0.17% | 00.0% | Unchanged |
| UBS Oconnor LLC | 450,000 | $4.68M | 0.14% | 00.0% | Unchanged |
| Wolverine Asset Management LLC | 341,697 | $3.55M | 0.05% | −107,627−24.0% | Reduced |
| Toronto Dominion Bank | 321,563 | $3.34M | 0.01% | +187,651+140.1% | Added |
| Magnetar Financial LLC | 300,000 | $3.12M | 0.02% | 00.0% | Unchanged |
| Shaolin Capital Management LLC | 292,170 | $3.04M | 0.15% | +292,170 | New |
| DLD Asset Management, LP | 270,616 | $2.81M | 0.36% | +270,616 | New |
| Periscope Capital Inc. | 250,000 | $2.60M | 0.63% | −75,000−23.1% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 200,000 | $2.08M | 0.01% | 00.0% | Unchanged |
| Gritstone Asset Management LLC | 196,794 | $2.05M | 2.10% | −2,505−1.3% | Reduced |
| Karpus Management, Inc. | 122,880 | $1.28M | 0.04% | −71,500−36.8% | Reduced |
| BCK Capital Management LP | 120,531 | $1.25M | 1.33% | +20,531+20.5% | Added |
| Glazer Capital, LLC | 100,000 | $1.04M | 0.03% | +13,605+15.7% | Added |
| Mizuho Securities USA LLC | 96,894 | $992.6K | 0.02% | −135,406−58.3% | Reduced |
| Readystate Asset Management LP | 88,200 | $916.4K | 0.04% | +88,200 | New |
| Quarry LP | 87,500 | $910.0K | 0.22% | −12,500−12.5% | Reduced |
| Sandia Investment Management LP | 87,500 | $910.0K | 2.71% | +87,500 | New |
| Mirae Asset Global Investments Co., Ltd. | 60,754 | $631.8K | 0.00% | 00.0% | Unchanged |
| Bulldog Investors, LLP | 57,091 | $593.7K | 0.14% | −11,833−17.2% | Reduced |
| Clear Street Group Inc. | 45,000 | $468.0K | 0.00% | +45,000 | New |
| Robinson Capital Management, LLC | 15,250 | $158.4K | 0.11% | 00.0% | Unchanged |
| Morgan Stanley | 73 | $759 | 0.00% | −70−49.0% | Reduced |
| Continental General Insurance Co | 0 | $0 | 0.00% | −402,789−100.0% | Sold out |
| Wealthspring Capital LLC | 0 | $0 | 0.00% | −175,560−100.0% | Sold out |
| Cantor Fitzgerald, L. P. | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| Schonfeld Strategic Advisors LLC | 0 | $0 | 0.00% | −80,000−100.0% | Sold out |
| Centiva Capital, LP | 0 | $0 | 0.00% | −76,400−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −34,656−100.0% | Sold out |
| Citadel Advisors LLC | 0 | $0 | 0.00% | −11,073−100.0% | Sold out |
| Clear Street LLC | – | – | – | – | Not filed |