Merlin Inc
MRLN
35 hedge funds and large institutions have $212M invested in Merlin Inc in 2025 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 7 closing their positions.
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
49% more capital invested
Capital invested by funds: $142M → $212M (+$69.7M)
35% more funds holding
Funds holding: 26 → 35 (+9)
29.07% more ownership
Funds ownership: 54.86% → 83.93% (+29%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$24.6M |
| 2 |
CGIC
Continental General Insurance Company
Austin,
Texas
|
+$19.9M |
| 3 |
LP
LMR Partners
London,
United Kingdom
|
+$9.94M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$8.83M |
| 5 |
LA
Linden Advisors
New York
|
+$7.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$12.1M |
| 2 |
CS
Clear Street
New York
|
-$6.65M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$2.04M |
| 4 |
VF
Virtu Financial
New York
|
-$902K |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$756K |
MRLN Hedge Fund Activity: Q1 2025 in Review
35 of the 7,469 institutional investors tracked by Wall St. Rank reported a position in Merlin Inc (MRLN) for Q1 2025, worth a combined $212M — up 49% from $142M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MRLN positions and 7 closed out — a net gain of 10 holders — while 6 added to existing stakes and 3 trimmed.
The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, opening a new position worth an estimated $24.6M. The largest seller was Saba Capital Management, exiting entirely with an estimated $12.1M sold.
- 35 institutional investors held Merlin Inc (MRLN) as of Q1 2025, up from 26 in Q4 2024.
- Funds reported $212M of Merlin Inc stock for Q1 2025, up 49% quarter-over-quarter.
- 17 funds opened new Merlin Inc positions in Q1 2025 and 7 closed out, a net change of +10 holders.
- The largest Merlin Inc buyer in Q1 2025 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $24.6M added.
- The largest Merlin Inc seller in Q1 2025 was Saba Capital Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q1 2025.