Merlin Inc
MRLN
43 hedge funds and large institutions have $244M invested in Merlin Inc in 2025 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
23% more funds holding
Funds holding: 35 → 43 (+8)
15% more capital invested
Capital invested by funds: $212M → $244M (+$32.3M)
9.27% more ownership
Funds ownership: 83.93% → 93.2% (+9.3%)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$25.3M |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$10.2M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$7.63M |
| 4 |
MCM
Moore Capital Management
New York
|
+$7.63M |
| 5 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$7.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$24.8M |
| 2 |
CGIC
Continental General Insurance Company
Austin,
Texas
|
-$16.3M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$6.68M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$5.09M |
| 5 |
VF
Virtu Financial
New York
|
-$1.66M |
MRLN Hedge Fund Activity: Q2 2025 in Review
43 institutional investors reported a position in Merlin Inc (MRLN) for Q2 2025, worth a combined $244M — up 15% from $212M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MRLN positions and 3 closed out — a net gain of 8 holders — while 8 added to existing stakes and 11 trimmed.
The largest buyer was Meteora Capital, opening a new position worth an estimated $25.3M. The largest seller was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, exiting entirely with an estimated $24.8M sold.
- 43 institutional investors held Merlin Inc (MRLN) as of Q2 2025, up from 35 in Q1 2025.
- Funds reported $244M of Merlin Inc stock for Q2 2025, up 15% quarter-over-quarter.
- 11 funds opened new Merlin Inc positions in Q2 2025 and 3 closed out, a net change of +8 holders.
- The largest Merlin Inc buyer in Q2 2025 was Meteora Capital, an estimated $25.3M added.
- The largest Merlin Inc seller in Q2 2025 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $24.8M sold.
Based on aggregated 13F filings for Q2 2025.