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, Q4 2025
Institutional positions in Merlin, 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
- 58
- +16 vs. Q3 2025
- Shares held
- 18.3M
- −5.24M (−22.3%) vs. Q3 2025
- Total value
- $195.4M
- −$48.9M (−20.0%) vs. Q3 2025
- New holders
- 27
- 4 more added
- Sold out
- 11
- 22 more reduced
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Merlin, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Highbridge Capital Management LLC | 2,011,897 | $21.6M | 1.00% | +2,011,897 | New |
| D. E. Shaw & Co., Inc. | 1,237,500 | $13.3M | 0.01% | 00.0% | Unchanged |
| Governors Lane LP | 1,000,700 | $10.7M | 0.99% | +500,700+100.1% | Added |
| Harraden Circle Investments, LLC | 955,646 | $10.2M | 1.88% | +955,646 | New |
| CNH Partners LLC | 920,621 | $9.87M | 0.21% | −954,479−50.9% | Reduced |
| Decagon Asset Management LLP | 816,410 | $8.75M | 3.68% | +816,410 | New |
| Linden Advisors LP | 750,000 | $8.04M | 0.05% | 00.0% | Unchanged |
| Alberta Investment Management Corp | 750,000 | $8.04M | 0.05% | 00.0% | Unchanged |
| Moore Capital Management, LP | 650,000 | $6.97M | 0.14% | −100,000−13.3% | Reduced |
| Berkley W R Corp | 633,772 | $6.79M | 0.38% | −377,955−37.4% | Reduced |
| LMR Partners LLP | 600,000 | $6.43M | 0.06% | −400,000−40.0% | Reduced |
| Vivaldi Asset Management, LLC | 573,278 | $6.15M | 0.37% | −1,516,058−72.6% | Reduced |
| Radcliffe Capital Management, L.P. | 521,028 | $5.59M | 0.30% | −391,211−42.9% | Reduced |
| Mercuria Capital Strategies, LLC | 535,000 | $5.42M | 3.08% | +535,000 | New |
| Rivernorth Capital Management, LLC | 499,513 | $5.35M | 0.25% | −2310.0% | Reduced |
| DLD Asset Management, LP | 493,926 | $5.29M | 0.55% | +223,310+82.5% | Added |
| Tenor Capital Management Co., L.P. | 490,945 | $5.26M | 0.07% | −32,130−6.1% | Reduced |
| Hudson Bay Capital Management LP | 432,943 | $4.64M | 0.03% | −811,443−65.2% | Reduced |
| Picton Mahoney Asset Management | 420,928 | $4.51M | 0.05% | −529,072−55.7% | Reduced |
| Shay Capital LLC | 404,403 | $4.34M | 0.70% | +404,403 | New |
| FNY Investment Advisers, LLC | 383,975 | $4.12M | 1.18% | +383,975 | New |
| Lineage Point Capital LP | 376,205 | $4.03M | 1.53% | +376,205 | New |
| ExodusPoint Capital Management, LP | 300,000 | $3.22M | 0.04% | +300,000 | New |
| Magnetar Financial LLC | 283,974 | $3.04M | 0.03% | −16,026−5.3% | Reduced |
| Goldman Sachs Group Inc | 270,565 | $2.90M | 0.00% | −261,234−49.1% | Reduced |
| Meteora Capital, LLC | 215,606 | $2.31M | 0.19% | −1,500,969−87.4% | Reduced |
| Gritstone Asset Management LLC | 196,794 | $2.11M | 2.01% | 00.0% | Unchanged |
| Toronto Dominion Bank | 156,553 | $1.68M | 0.00% | −165,010−51.3% | Reduced |
| Shaolin Capital Management LLC | 150,000 | $1.61M | 0.06% | −142,170−48.7% | Reduced |
| Periscope Capital Inc. | 150,000 | $1.61M | 0.31% | −100,000−40.0% | Reduced |
| BCK Capital Management LP | 144,322 | $1.55M | 8.61% | +23,791+19.7% | Added |
| Raymond James Financial Inc | 134,458 | $1.44M | 0.00% | +134,458 | New |
| Wexford Capital LP | 100,000 | $1.07M | 0.28% | +100,000 | New |
| Cannon Global Investment Management, LLC | 88,500 | $948.7K | 2.51% | +88,500 | New |
| T3 Companies, LLC | 82,100 | $880.1K | 1.13% | +82,100 | New |
| Westchester Capital Management, LLC | 74,595 | $799.7K | 0.04% | −1,191,312−94.1% | Reduced |
| SkyView Investment Advisors, LLC | 51,797 | $555.0K | 0.07% | +51,797 | New |
| Private Advisor Group, LLC | 50,291 | $539.1K | 0.00% | +50,291 | New |
| Mirae Asset Global Investments Co., Ltd. | 43,700 | $468.5K | 0.00% | −17,054−28.1% | Reduced |
| Clear Street Group Inc. | 42,499 | $455.6K | 0.00% | −2,501−5.6% | Reduced |
| Diametric Capital, LP | 41,039 | $439.9K | 0.12% | +41,039 | New |
| Qube Research & Technologies Ltd | 27,657 | $296.5K | 0.00% | +27,657 | New |
| Geode Capital Management, LLC | 25,981 | $278.5K | 0.00% | +25,981 | New |
| JPMorgan Chase & Co | 24,864 | $266.5K | 0.00% | −484,965−95.1% | Reduced |
| Sage Advisors, LLC | 23,135 | $248.0K | 0.16% | +23,135 | New |
| Bulldog Investors, LLP | 17,684 | $189.6K | 0.04% | −39,407−69.0% | Reduced |
| Robinson Capital Management, LLC | 15,250 | $163.5K | 0.07% | 00.0% | Unchanged |
| PFG Investments, LLC | 15,000 | $160.8K | 0.01% | +15,000 | New |
| Readystate Asset Management LP | 13,133 | $140.8K | 0.01% | −75,067−85.1% | Reduced |
| Jane Street Group, LLC | 13,122 | $140.7K | 0.00% | +13,122 | New |
| UBS Group AG | 12,243 | $131.2K | 0.00% | +12,243 | New |
| Griffin Asset Management, Inc. | 11,030 | $118.2K | 0.01% | +11,030 | New |
| Prelude Capital Management, LLC | 10,211 | $109.5K | 0.01% | +10,211 | New |
| Advisor Group Holdings, Inc. | 5,392 | $57.8K | 0.00% | +5,392 | New |
| Allworth Financial LP | 1,090 | $11.7K | 0.00% | +1,090 | New |
| Caitong International Asset Management Co., Ltd | 747 | $8.01K | 0.00% | +747 | New |
| Morgan Stanley | 90 | $965 | 0.00% | +17+23.3% | Added |
| ORG Partners LLC | 80 | $857 | 0.00% | +80 | New |
| Polar Asset Management Partners Inc. | 0 | $0 | 0.00% | −750,000−100.0% | Sold out |
| Two Sigma Investments, LP | 0 | $0 | 0.00% | −625,000−100.0% | Sold out |
| Ghisallo Capital Management LLC | 0 | $0 | 0.00% | −500,000−100.0% | Sold out |
| UBS Oconnor LLC | 0 | $0 | 0.00% | −450,000−100.0% | Sold out |
| Wolverine Asset Management LLC | 0 | $0 | 0.00% | −341,697−100.0% | Sold out |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 0 | $0 | 0.00% | −200,000−100.0% | Sold out |
| Karpus Management, Inc. | 0 | $0 | 0.00% | −122,880−100.0% | Sold out |
| Glazer Capital, LLC | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| Mizuho Securities USA LLC | 0 | $0 | 0.00% | −96,894−100.0% | Sold out |
| Sandia Investment Management LP | 0 | $0 | 0.00% | −87,500−100.0% | Sold out |
| Quarry LP | 0 | $0 | 0.00% | −87,500−100.0% | Sold out |