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 |
|---|---|---|---|---|---|
| Morgan Stanley | 73 | $759 | 0.00% | −70−49.0% | Reduced |
| Robinson Capital Management, LLC | 15,250 | $158.4K | 0.11% | 00.0% | Unchanged |
| Clear Street Group Inc. | 45,000 | $468.0K | 0.00% | +45,000 | New |
| Bulldog Investors, LLP | 57,091 | $593.7K | 0.14% | −11,833−17.2% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 60,754 | $631.8K | 0.00% | 00.0% | Unchanged |
| 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 |
| Readystate Asset Management LP | 88,200 | $916.4K | 0.04% | +88,200 | New |
| Mizuho Securities USA LLC | 96,894 | $992.6K | 0.02% | −135,406−58.3% | Reduced |
| Glazer Capital, LLC | 100,000 | $1.04M | 0.03% | +13,605+15.7% | Added |
| BCK Capital Management LP | 120,531 | $1.25M | 1.33% | +20,531+20.5% | Added |
| Karpus Management, Inc. | 122,880 | $1.28M | 0.04% | −71,500−36.8% | Reduced |
| Gritstone Asset Management LLC | 196,794 | $2.05M | 2.10% | −2,505−1.3% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 200,000 | $2.08M | 0.01% | 00.0% | Unchanged |
| Periscope Capital Inc. | 250,000 | $2.60M | 0.63% | −75,000−23.1% | Reduced |
| DLD Asset Management, LP | 270,616 | $2.81M | 0.36% | +270,616 | New |
| Shaolin Capital Management LLC | 292,170 | $3.04M | 0.15% | +292,170 | New |
| Magnetar Financial LLC | 300,000 | $3.12M | 0.02% | 00.0% | Unchanged |
| Toronto Dominion Bank | 321,563 | $3.34M | 0.01% | +187,651+140.1% | Added |
| Wolverine Asset Management LLC | 341,697 | $3.55M | 0.05% | −107,627−24.0% | Reduced |
| UBS Oconnor LLC | 450,000 | $4.68M | 0.14% | 00.0% | Unchanged |
| Ghisallo Capital Management LLC | 500,000 | $5.20M | 0.17% | 00.0% | Unchanged |
| Rivernorth Capital Management, LLC | 499,744 | $5.20M | 0.30% | −256−0.1% | Reduced |
| Governors Lane LP | 500,000 | $5.20M | 0.72% | +250,000+100.0% | Added |
| JPMorgan Chase & Co | 509,829 | $5.30M | 0.00% | +509,829 | New |
| Tenor Capital Management Co., L.P. | 523,075 | $5.44M | 0.07% | +523,075 | New |
| Goldman Sachs Group Inc | 531,799 | $5.53M | 0.00% | −12,164−2.2% | Reduced |
| Two Sigma Investments, LP | 625,000 | $6.50M | 0.01% | 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 |
| 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 |
| Radcliffe Capital Management, L.P. | 912,239 | $9.49M | 0.59% | +786,939+628.0% | Added |
| Picton Mahoney Asset Management | 950,000 | $9.88M | 0.13% | 00.0% | Unchanged |
| LMR Partners LLP | 1,000,000 | $10.4M | 0.13% | 00.0% | Unchanged |
| Berkley W R Corp | 1,011,727 | $10.5M | 0.68% | −199,292−16.5% | Reduced |
| D. E. Shaw & Co., Inc. | 1,237,500 | $12.9M | 0.01% | 00.0% | Unchanged |
| Hudson Bay Capital Management LP | 1,244,386 | $12.9M | 0.08% | −255,614−17.0% | Reduced |
| Westchester Capital Management, LLC | 1,265,907 | $13.2M | 0.68% | −499,093−28.3% | Reduced |
| Meteora Capital, LLC | 1,716,575 | $17.9M | 1.89% | −773,625−31.1% | Reduced |
| CNH Partners LLC | 1,875,100 | $19.5M | 0.50% | −11,500−0.6% | Reduced |
| Vivaldi Asset Management, LLC | 2,089,336 | $21.7M | 1.40% | −175,664−7.8% | 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 |