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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 2026

Institutional positions in Merlin, Inc. as of Mar 31, 2026. 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
29
−27 vs. Q4 2025
Shares held
3.72M
−14.5M (−79.6%) vs. Q4 2025
Total value
$27.3M
−$167.8M (−86.0%) vs. Q4 2025
New holders
13
7 more added
Sold out
40
8 more reduced

2 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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.

Institutional holdersQ1 2026: 29 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 2026: $27.3M
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 2026

Shares, value and share of portfolio for each institution holding Merlin, Inc.; share changes are against Q4 2025.

Institutions holding MRLN in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Baillie Gifford & Co2,016,289$14.8M0.02%+2,016,289New
ExodusPoint Capital Management, LP343,847$2.53M0.03%+43,847+14.6%Added
UBS Group AG273,086$2.01M0.00%+260,843+2,130.5%Added
Continental General Insurance Co239,872$1.76M0.25%+239,872New
Diametric Capital, LP124,624$916.0K0.24%+83,585+203.7%Added
Greenhaven Road Investment Management, L.P.108,233$795.5K0.55%+108,233New
Goldman Sachs Group Inc78,709$578.5K0.00%−191,856−70.9%Reduced
Alberta Investment Management Corp75,000$551.3K0.00%−675,000−90.0%Reduced
Moore Capital Management, LP75,000$551.3K0.02%−575,000−88.5%Reduced
Jane Street Group, LLC52,438$385.4K0.00%+39,316+299.6%Added
Geode Capital Management, LLC50,005$367.5K0.00%+24,024+92.5%Added
D. E. Shaw & Co., Inc.50,000$367.5K0.00%−1,187,500−96.0%Reduced
DLD Asset Management, LP36,762$270.2K0.03%−457,164−92.6%Reduced
Toronto Dominion Bank32,678$240.2K0.00%−123,875−79.1%Reduced
Board of Trustees of The Leland Stanford Junior University32,668$240.1K0.03%+32,668New
Magnetar Financial LLC30,688$225.6K0.00%−253,286−89.2%Reduced
XTX Topco Ltd29,708$218.4K0.00%+29,708New
HRT Financial LP29,515$216.0K0.00%+29,515New
Griffin Asset Management, Inc.14,135$103.9K0.01%+3,105+28.2%Added
Bank of America Corp11,466$84.3K0.00%+11,466New
Morgan Stanley5,684$41.8K0.00%+5,594+6,215.6%Added
Advisor Group Holdings, Inc.2,120$15.6K0.00%−3,272−60.7%Reduced
Allworth Financial LP1,090$8.01K0.00%00.0%Unchanged
Rockefeller Capital Management L.P.600$4.41K0.00%+600New
Hurley Capital, LLC454$3.34K0.00%+454New
CWM, LLC410$3.01K0.00%+410New
Royal Bank of Canada100$1.00K0.00%+100New
Archer Investment Corp120$8820.00%+120New
Golden State Equity Partners80$5880.00%+80New
Highbridge Capital Management LLC0$00.00%−2,011,897−100.0%Sold out
Governors Lane LP0$00.00%−1,000,700−100.0%Sold out
Harraden Circle Investments, LLC0$00.00%−955,646−100.0%Sold out
CNH Partners LLC0$00.00%−920,621−100.0%Sold out
Decagon Asset Management LLP0$00.00%−816,410−100.0%Sold out
Linden Advisors LP0$00.00%−750,000−100.0%Sold out
Berkley W R Corp0$00.00%−633,772−100.0%Sold out
LMR Partners LLP0$00.00%−600,000−100.0%Sold out
Vivaldi Asset Management, LLC0$00.00%−573,278−100.0%Sold out
Radcliffe Capital Management, L.P.0$00.00%−521,028−100.0%Sold out
Mercuria Capital Strategies, LLC0$00.00%−535,000−100.0%Sold out
Rivernorth Capital Management, LLC0$00.00%−499,513−100.0%Sold out
Tenor Capital Management Co., L.P.0$00.00%−490,945−100.0%Sold out
Hudson Bay Capital Management LP0$00.00%−432,943−100.0%Sold out
Picton Mahoney Asset Management0$00.00%−420,928−100.0%Sold out
Shay Capital LLC0$00.00%−404,403−100.0%Sold out
FNY Investment Advisers, LLC0$00.00%−383,975−100.0%Sold out
Lineage Point Capital LP0$00.00%−376,205−100.0%Sold out
Meteora Capital, LLC0$00.00%−215,606−100.0%Sold out
Gritstone Asset Management LLC0$00.00%−196,794−100.0%Sold out
Periscope Capital Inc.0$00.00%−150,000−100.0%Sold out
Shaolin Capital Management LLC0$00.00%−150,000−100.0%Sold out
BCK Capital Management LP0$00.00%−144,322−100.0%Sold out
Raymond James Financial Inc0$00.00%−134,458−100.0%Sold out
Wexford Capital LP0$00.00%−100,000−100.0%Sold out
Cannon Global Investment Management, LLC0$00.00%−88,500−100.0%Sold out
T3 Companies, LLC0$00.00%−82,100−100.0%Sold out
Westchester Capital Management, LLC0$00.00%−74,595−100.0%Sold out
SkyView Investment Advisors, LLC0$00.00%−51,797−100.0%Sold out
Private Advisor Group, LLC0$00.00%−50,291−100.0%Sold out
Mirae Asset Global Investments Co., Ltd.0$00.00%−43,700−100.0%Sold out
Clear Street Group Inc.0$00.00%−42,499−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−27,657−100.0%Sold out
JPMorgan Chase & Co0$00.00%−24,864−100.0%Sold out
Bulldog Investors, LLP0$00.00%−17,684−100.0%Sold out
Robinson Capital Management, LLC0$00.00%−15,250−100.0%Sold out
PFG Investments, LLC0$00.00%−15,000−100.0%Sold out
Readystate Asset Management LP0$00.00%−13,133−100.0%Sold out
Prelude Capital Management, LLC0$00.00%−10,211−100.0%Sold out
Caitong International Asset Management Co., Ltd0$00.00%−747−100.0%Sold out
Sage Advisors, LLC––––Not filed
ORG Partners LLC––––Not filed