MerlinMRLN
13F holders, Q3 2025 (September 30)42holders −1
6new positions
7sold out
1famous investor
$10.40avg. 13F price*
At the end of Q3 2025, 42 institutions reported holding Merlin Inc. (MRLN) in their 13F filings, down 1 from Q2 2025. 6 opened new positions and 7 sold out. The largest holders were First Trust Capital Management L.P. ($21.7M), AQR Arbitrage LLC ($19.5M) and Meteora Capital, LLC ($17.9M). One famous investor held it David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).
- Company
- Merlin Inc.
- Filed as
- BLEICHROEDER ACQUISITION COR (Q3 2025)
- CUSIP
- G1169T104
- Latest filing quarter
- Q4 2025
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 6 | $18.4M |
| Exits | 7 | $9.1M |
All 13F filers, Q2 2025 → Q3 2025: 3,030,116 shares bought and 3,224,127 shares sold, net −194,011 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 42 holders
| First Trust Capital Management L.P. | 1.40% | Reduce -7.8% | 2,089,336 | $21.7M |
| AQR Arbitrage LLC | 0.69% | Reduce -0.6% | 1,875,100 | $19.5M |
| Meteora Capital, LLC | 1.97% | Reduce -31.1% | 1,716,575 | $17.9M |
| Westchester Capital Management, LLC | 0.68% | Reduce -28.3% | 1,265,907 | $13.2M |
| Hudson Bay Capital Management LP | 0.09% | Reduce -17.0% | 1,244,386 | $12.9M |
| D. E. Shaw & Co. | 0.01% | No change | 1,237,500 | $12.9M |
| Berkley W R Corp. | 0.69% | Reduce -16.5% | 1,011,727 | $10.5M |
| LMR Partners LLP | 0.20% | No change | 1,000,000 | $10.4M |
| Picton Mahoney Asset Management | 0.13% | No change | 950,000 | $9.9M |
| Radcliffe Capital Management, L.P. | 1.94% | Add +628.0% | 912,239 | $9.5M |
| Polar Asset Management Partners Inc. | 0.23% | No change | 750,000 | $7.8M |
| Moore Capital Management, LP | 0.16% | No change | 750,000 | $7.8M |
| Linden Advisors LP | 0.74% | No change | 750,000 | $7.8M |
| Alberta Investment Management Corp | 0.06% | No change | 750,000 | $7.8M |
| Two Sigma Investments, LP | 0.01% | No change | 625,000 | $6.5M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -2.2% | 531,799 | $5.5M |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 0.59% | New | 523,075 | $5.4M |
| JPMorgan Chase & Co. | 0.00% | New | 509,829 | $5.3M |
| Governors Lane LP | 0.73% | Add +100.0% | 500,000 | $5.2M |
| Rivernorth Capital Management, LLC | 0.30% | Reduce -0.1% | 499,744 | $5.2M |
| Ghisallo Capital Management LLC | 0.17% | No change | 500,000 | $5.2M |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | 0.15% | No change | 450,000 | $4.7M |
| Wolverine Asset Management LLC | 0.25% | Reduce -23.9% | 341,697 | $3.6M |
| Toronto Dominion Bank | 0.01% | Add +140.1% | 321,563 | $3.3M |
| Magnetar Financial LLC | 0.02% | No change | 300,000 | $3.1M |
| Shaolin Capital Management LLC | 0.58% | New | 292,170 | $3.0M |
| DLD Asset Management, LP | 1.18% | New | 270,616 | $2.8M |
| Periscope Capital Inc. | 0.66% | Reduce -23.1% | 250,000 | $2.6M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.01% | No change | 200,000 | $2.1M |
| Gritstone Asset Management LLC | 2.16% | Reduce -1.3% | 196,794 | $2.0M |
| Karpus Management, Inc. | 0.04% | Reduce -36.8% | 122,880 | $1.3M |
| BCK Capital Management LP | 1.35% | Add +20.5% | 120,531 | $1.3M |
| Glazer Capital, LLC | 0.04% | Add +15.8% | 100,000 | $1.0M |
| Mizuho Securities USA LLC | 0.02% | Reduce -58.3% | 96,894 | $993K |
| Readystate Asset Management LP | 0.09% | New | 88,200 | $916K |
| Sandia Investment Management LP | 2.76% | New | 87,500 | $910K |
| Quarry LP | 0.24% | Reduce -12.5% | 87,500 | $910K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | No change | 60,754 | $632K |
| Bulldog Investors, LLP | 0.14% | Reduce -17.2% | 57,091 | $594K |
| Clear Street Group Inc. | 0.00% | — | 45,000 | $468K |
| Robinson Capital Management, LLC | 0.11% | No change | 15,250 | $158K |
| Morgan Stanley | 0.00% | Reduce -49.0% | 73 | $759 |
"% of holder's portfolio" is MRLN's weight in each manager's 13F, not the share of Merlin Inc. the manager owns.