Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

Merlin, Inc.

CIK 0002028707MRLN· quarter ending 2026-06-30

Shares outstanding

101,067,784

as of 2026-08-11 · 10-Q cover page, filed 2026-08-14

Held by 13F filers

15,630,821

15.5% of shares outstanding

Holders

+33 vs 2026-03-31 · 44 new, 11 exited

Value

$88.9M

shares +320.7% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-08-14, as of 2026-08-11)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	MRLN · NASDAQ	101,067,784	15,630,821	15.5%	62	590106100

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

Count	CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
	590106100	COM	62	15,630,821	101,067,784	15.5%	$88.9M	6 call / 3 put	13DG	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings. 3 further CUSIPs map to this company (mostly bonds) but no 13F filer held them this quarter.

Top holders (62 of 62 · 590106100)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	Alyeska Investment Group, L.P.	7,402,996	7.32%	$42.1M	NEW
2	BAILLIE GIFFORD & CO	2,016,289	1.99%	$11.5M	—
3	UBS Group AG	1,034,899	1.02%	$5.9M	+761,813 (+279.0%)
4	BlackRock, Inc.	711,898	0.70%	$4.1M	NEW
5	XTX Topco Ltd	431,905	0.43%	$2.5M	+402,197 (+1353.8%)
6	GEODE CAPITAL MANAGEMENT, LLC	426,791	0.42%	$2.4M	+376,786 (+753.5%)
7	VANGUARD CAPITAL MANAGEMENT LLC	391,813	0.39%	$2.2M	NEW
8	SUSQUEHANNA INTERNATIONAL GROUP, LLP	358,644	0.35%	$2.0M	NEW
9	JANE STREET GROUP, LLC	280,778	0.28%	$1.6M	+228,340 (+435.4%)
10	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	224,414	0.22%	$1.3M	NEW
11	VANGUARD FIDUCIARY TRUST CO	184,720	0.18%	$1.1M	NEW
12	MARSHALL WACE, LLP	176,099	0.17%	$1.0M	NEW
13	STATE STREET CORP	165,700	0.16%	$943K	NEW
14	LPL Financial LLC	161,930	0.16%	$921K	NEW
15	Marex Group Ltd	131,500	0.13%	$748K	NEW
16	TUDOR INVESTMENT CORP ET AL	100,000	0.10%	$569K	NEW
17	ExodusPoint Capital Management, LP	85,567	0.08%	$487K	-258,280 (-75.1%)
18	WELLS FARGO & COMPANY/MN	81,600	0.08%	$464K	NEW
19	HighTower Advisors, LLC	80,754	0.08%	$459K	NEW
20	Advisory Services Network, LLC	77,600	0.08%	$442K	NEW
21	NORTHERN TRUST CORP	75,816	0.08%	$431K	NEW
22	Alberta Investment Management Corp	75,000	0.07%	$427K	—
23	CITADEL ADVISORS LLC	74,573	0.07%	$424K	NEW
24	Venture Visionary Partners LLC	73,970	0.07%	$421K	NEW
25	Diametric Capital, LP	72,465	0.07%	$412K	-52,159 (-41.9%)
26	GROUP ONE TRADING LLC	66,715	0.07%	$380K	NEW
27	Jefferies Financial Group Inc.	50,000	0.05%	$285K	NEW
28	LMR Partners LLP	47,500	0.05%	$270K	NEW
29	AVIVA PLC	45,419	0.04%	$258K	NEW
30	Squarepoint Ops LLC	40,336	0.04%	$230K	NEW
31	Alpine Global Management, LLC	35,000	0.03%	$199K	NEW
32	DNB Asset Management AS	33,478	0.03%	$190K	NEW
33	Board of Trustees of The Leland Stanford Junior University	32,668	0.03%	$186K	—
34	COMMONWEALTH EQUITY SERVICES, LLC	30,720	0.03%	$175K	NEW
35	Parkwood LLC	29,663	0.03%	$169K	NEW
36	Engineers Gate Manager LP	29,107	0.03%	$166K	NEW
37	MILLENNIUM MANAGEMENT LLC	28,650	0.03%	$163K	NEW
38	CPWA, LLC	28,096	0.03%	$160K	NEW
39	TOCQUEVILLE ASSET MANAGEMENT L.P.	26,000	0.03%	$148K	NEW
40	Balentine LLC	25,000	0.02%	$142K	NEW
41	State of Tennessee, Department of Treasury	20,621	0.02%	$117K	NEW
42	ROYAL BANK OF CANADA	20,100	0.02%	$114K	+20,000 (+20000.0%)
43	K2 PRINCIPAL FUND, L.P.	20,000	0.02%	$114K	NEW
44	MORGAN STANLEY	18,584	0.02%	$106K	+12,900 (+227.0%)
45	Magnetar Financial LLC	18,000	0.02%	$102K	-12,688 (-41.3%)
46	Pale Fire Capital SE	16,000	0.02%	$91K	NEW
47	Vanguard Global Advisers, LLC	14,684	0.01%	$84K	NEW
48	TORONTO DOMINION BANK	12,500	0.01%	$71K	-20,178 (-61.7%)
49	Voleon Capital Management LP	11,222	0.01%	$64K	NEW
50	BARCLAYS PLC	10,383	0.01%	$59K	NEW
51	Crewe Advisors LLC	10,000	0.01%	$57K	NEW
52	OSAIC HOLDINGS, INC.	4,170	0.00%	$24K	+2,050 (+96.7%)
53	JPMORGAN CHASE & CO	2,903	0.00%	$14K	NEW
54	Persistent Asset Partners Ltd	2,481	0.00%	$14K	NEW
55	Tower Research Capital LLC (TRC)	1,130	0.00%	$6K	NEW
56	Rockefeller Capital Management L.P.	600	0.00%	$3K	—
57	SIMPLEX TRADING, LLC	527	0.00%	$3K	NEW
58	Hurley Capital, LLC	454	0.00%	$3K	—
59	Archer Investment Corp	240	0.00%	$1K	+120 (+100.0%)
60	Allworth Financial LP	90	0.00%	$513	-1,000 (-91.7%)
61	Federation des caisses Desjardins du Quebec	58	0.00%	$330	NEW
62	Friedenthal Financial	1	0.00%	$6	NEW

Exited since 2026-03-31 (11 filers; largest 11 shown)

CONTINENTAL GENERAL INSURANCE CO	−239,872
Greenhaven Road Investment Management, L.P.	−108,233
GOLDMAN SACHS GROUP INC	−78,709
MOORE CAPITAL MANAGEMENT, LP	−75,000
D. E. Shaw & Co., Inc.	−50,000
DLD Asset Management, LP	−36,762
HRT FINANCIAL LP	−29,515
GRIFFIN ASSET MANAGEMENT, INC.	−14,135
BANK OF AMERICA CORP /DE/	−11,466
CWM, LLC	−410
Ascentis Independent Advisors	−80

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
First Round Capital VIII-F, L.P.	SCHEDULE 13G/A	2026-09-18	2026-09-16	628,671	0.6%
FR Capital Holdings, L.P.	SCHEDULE 13G/A	2026-09-18	2026-09-16	1,025,554	1%
First Round Capital VI, L.P.	SCHEDULE 13G/A	2026-09-18	2026-09-16	396,883	0.4%
Bleichroeder Sponsor 1 LLC	SCHEDULE 13G/A	2026-08-14	2026-06-30	8,333,333	8.2%
Michel Combes	SCHEDULE 13G/A	2026-08-14	2026-06-30	8,333,333	8.2%
Andrew Gundlach	SCHEDULE 13G/A	2026-08-14	2026-06-30	8,333,333	8.2%
Ayrton Capital LLC	SCHEDULE 13G/A	2026-08-13	2026-06-30	2,087,905	2.12%
Waqas Khatri	SCHEDULE 13G/A	2026-08-13	2026-06-30	2,087,905	2.12%
Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B	SCHEDULE 13G/A	2026-08-13	2026-06-30	2,087,905	2.12%
SnowPoint Ventures, LP	SCHEDULE 13G/A	2026-08-12	2026-06-30	2,302,221	2.4%
SnowPoint Ventures GP, LLC	SCHEDULE 13G/A	2026-08-12	2026-06-30	9,592,606	9.6%
Alexander Creasey	SCHEDULE 13G/A	2026-08-12	2026-06-30	9,592,606	9.6%
SnowPoint Growth I.II, LLC	SCHEDULE 13G/A	2026-08-12	2026-06-30	7,290,385	7.4%
Douglas Philippone	SCHEDULE 13G/A	2026-08-12	2026-06-30	9,592,606	9.6%
Merus Global Investments, LLC	SCHEDULE 13G/A	2026-05-15	2026-03-31	0	0%
THE GOLDMAN SACHS GROUP, INC.	SCHEDULE 13G/A	2026-05-15	2026-03-31	0	0.17%
FTCS Sub GP LLC	SCHEDULE 13G/A	2026-05-15	2026-03-31	0	0%
Alyeska Investment Group, L.P.	SCHEDULE 13G	2026-05-15	2026-03-31	8,342,026	9.9%
Alyeska Fund GP, LLC	SCHEDULE 13G	2026-05-15	2026-03-31	8,342,026	9.9%
First Trust Capital Management L.P.	SCHEDULE 13G/A	2026-05-15	2026-03-31	0	0%
First Trust Capital Solutions L.P.	SCHEDULE 13G/A	2026-05-15	2026-03-31	0	0%
First Trust Merger Arbitrage Fund	SCHEDULE 13G/A	2026-05-15	2026-03-31	0	0%
GOLDMAN SACHS & CO. LLC	SCHEDULE 13G/A	2026-05-15	2026-03-31	0	0.17%
HIGHBRIDGE CAPITAL MANAGEMENT LLC	SCHEDULE 13G/A	2026-05-15	2026-03-31	0	0%
Anand Parekh	SCHEDULE 13G	2026-05-15	2026-03-31	8,342,026	9.9%
Quiet Capital Management, LLC	SCHEDULE 13G	2026-05-08	2026-03-16	13,839,884	16.24%
Matthew George	SCHEDULE 13D	2026-03-23	2026-03-16	14,890,622	17.7%
Highbridge Capital Management, LLC	SCHEDULE 13G	2026-02-17	2025-12-31	2,011,897	7.9%
AQR Arbitrage, LLC	SCHEDULE 13G/A	2026-02-11	2025-12-31	920,621	3.62%
AQR Capital Management Holdings, LLC	SCHEDULE 13G/A	2026-02-11	2025-12-31	920,621	3.62%
AQR Capital Management, LLC	SCHEDULE 13G/A	2026-02-11	2025-12-31	920,621	3.62%
Barclays PLC	SCHEDULE 13G	2026-02-11	2025-12-31	1,755,135	6.9%
Meteora Capital, LLC	SCHEDULE 13G/A	2025-12-05	2025-11-30	300,000	1.18%
Westchester Capital Management, LLC	SCHEDULE 13G/A	2025-11-14	2025-09-30	1,265,907	4.98%
Virtus Investment Advisers, LLC	SCHEDULE 13G/A	2025-11-14	2025-09-30	1,213,760	4.77%
The Merger Fund	SCHEDULE 13G/A	2025-11-14	2025-09-30	1,173,084	4.61%
Sander Gerber	SCHEDULE 13G/A	2025-11-12	2025-09-30	1,244,386	4.89%
Hudson Bay Capital Management LP	SCHEDULE 13G/A	2025-11-12	2025-09-30	1,244,386	4.89%
Continental Insurance Group, Ltd.	SCHEDULE 13G/A	2025-08-13	2025-06-30	602,789	2.4%
Continental General Holdings LLC	SCHEDULE 13G/A	2025-08-13	2025-06-30	602,789	2.4%
CONTINENTAL GENERAL INSURANCE CO	SCHEDULE 13G/A	2025-08-13	2025-06-30	602,789	2.4%
Healthcare of Ontario Pension Plan Trust Fund	SCHEDULE 13G/A	2025-08-13	2025-06-30	0	0%
Gorzynski Michael	SCHEDULE 13G/A	2025-08-13	2025-06-30	602,789	2.4%
Ramya Rao	SCHEDULE 13G	2025-02-14	2024-12-31	1,872,109	7.36%
Boaz R. Weinstein	SCHEDULE 13G/A	2025-02-11	2024-12-31	0	0%
Saba Capital Management, L.P.	SCHEDULE 13G/A	2025-02-11	2024-12-31	0	0%
Saba Capital Management GP, LLC	SCHEDULE 13G/A	2025-02-11	2024-12-31	0	0%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.