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3,328 hedge funds and large institutions have $158B invested in Merck in 2025 Q2 according to their latest regulatory filings, with 179 funds opening new positions, 1,298 increasing their positions, 1,536 reducing their positions, and 252 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more call options, than puts

Call options by funds: $2.52B | Put options by funds: $2.44B

0.28% less ownership

Funds ownership: 78.7%78.42% (-0.28%)

3% less funds holding

Funds holding: 3,4483,328 (-120)

13% less capital invested

Capital invested by funds: $181B → $158B (-$22.6B)

15% less repeat investments, than reductions

Existing positions increased: 1,298 | Existing positions reduced: 1,536

29% less first-time investments, than exits

New positions opened: 179 | Existing positions closed: 252

35% less funds holding in top 10

Funds holding in top 10: 6542 (-23)

Holders
3,328
Holders Change
-120
Holders Change %
-3.48%
% of All Funds
43.81%
Holding in Top 10
42
Holding in Top 10 Change
-23
Holding in Top 10 Change %
-35.38%
% of All Funds
0.55%
New
179
Increased
1,298
Reduced
1,536
Closed
252
Calls
$2.52B
Puts
$2.44B
Net Calls
+$82.4M
Net Calls Change
-$173M
Name Holding Trade Value Shares
Change
Change in
Stake
State Board of Administration of Florida Retirement System
101
State Board of Administration of Florida Retirement System
Florida
$193M -$1.08M -13,538 -0.6%
Two Sigma Investments
102
Two Sigma Investments
New York
$193M +$18.9M +237,647 +11%
BG
103
Bahl & Gaynor
Ohio
$193M -$104M -1,304,663 -35%
Universal-Beteiligungs- und Servicegesellschaft
104
Universal-Beteiligungs- und Servicegesellschaft
Germany
$184M +$7.9M +99,423 +4%
Mitsubishi UFJ Trust & Banking
105
Mitsubishi UFJ Trust & Banking
Japan
$183M +$5.92M +74,494 +3%
CCM
106
Cullen Capital Management
New York
$180M +$3.16M +39,800 +2%
Thrivent Financial for Lutherans
107
Thrivent Financial for Lutherans
Minnesota
$176M +$59.9M +753,681 +51%
New York State Teachers Retirement System (NYSTRS)
108
New York State Teachers Retirement System (NYSTRS)
New York
$172M +$287K +3,612 +0.2%
DB
109
Danske Bank
Denmark
$165M +$19.5M +245,774 +13%
Allianz Asset Management
110
Allianz Asset Management
Germany
$165M +$15.3M +192,199 +10%
Mirae Asset Global Investments
111
Mirae Asset Global Investments
South Korea
$162M +$19.4M +244,520 +14%
TD Asset Management
112
TD Asset Management
Ontario, Canada
$158M -$19.1M -240,683 -11%
Cerity Partners
113
Cerity Partners
New York
$157M +$71.8K +903 +0%
Korea Investment Corp
114
Korea Investment Corp
South Korea
$156M +$210K +2,642 +0.1%
Natixis Advisors
115
Natixis Advisors
Massachusetts
$154M +$37.8M +475,556 +32%
BIP
116
Brandes Investment Partners
California
$151M +$7.63M +95,978 +5%
Susquehanna International Group
117
Susquehanna International Group
Pennsylvania
$150M +$111M +1,398,401 +279%
AAB
118
ABN AMRO Bank
Netherlands
$150M -$28.5K -358 -0%
Assenagon Asset Management
119
Assenagon Asset Management
Luxembourg
$149M +$111M +1,391,088 +286%
Janney Montgomery Scott
120
Janney Montgomery Scott
Pennsylvania
$146M -$3.42M -42,991 -2%
Skandinaviska Enskilda Banken (SEB)
121
Skandinaviska Enskilda Banken (SEB)
Sweden
$145M -$7.4M -93,149 -5%
AP
122
Antipodes Partners
Australia
$144M -$12.2M -153,710 -8%
Truist Financial
123
Truist Financial
North Carolina
$142M -$27.2M -342,545 -16%
Voloridge Investment Management
124
Voloridge Investment Management
Florida
$138M +$5.74M +72,237 +4%
US Bancorp
125
US Bancorp
Minnesota
$135M -$9.16M -115,264 -6%

MRK Hedge Fund Activity: Q2 2025 in Review

3,328 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Merck (MRK) for Q2 2025, worth a combined $158B — down 13% from $181B a quarter earlier.

Sellers outnumbered buyers: 252 funds closed out of MRK and 179 opened new positions — a net loss of 73 holders — while 1,536 trimmed existing stakes and 1,298 added.

The largest buyer was Franklin Resources, adding an estimated $408M. The largest seller was Raymond James Financial, cutting an estimated $636M.

  • 3,328 institutional investors held Merck (MRK) as of Q2 2025, down from 3,448 in Q1 2025.
  • Funds reported $158B of Merck stock for Q2 2025, down 13% quarter-over-quarter.
  • 179 funds opened new Merck positions in Q2 2025 and 252 closed out, a net change of -73 holders.
  • The largest Merck buyer in Q2 2025 was Franklin Resources, an estimated $408M added.
  • The largest Merck seller in Q2 2025 was Raymond James Financial, an estimated $636M sold.

Based on aggregated 13F filings for Q2 2025.