Merlin Inc
MRLN
42 hedge funds and large institutions have $244M invested in Merlin Inc in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 17 reducing their positions, and 7 closing their positions.
0% less capital invested
Capital invested by funds: $244M → $244M (-$220K)
0.78% less ownership
Funds ownership: 93.2% → 92.42% (-0.78%)
2% less funds holding
Funds holding: 43 → 42 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
71% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$8.15M |
| 2 |
TCM
Tenor Capital Management
New York
|
+$5.42M |
| 3 |
JP Morgan Chase
New York
|
+$5.28M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$3.03M |
| 5 |
DAM
DLD Asset Management
New York
|
+$2.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$8.01M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$5.17M |
| 3 |
CGIC
Continental General Insurance Company
Austin,
Texas
|
-$4.15M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$2.65M |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$2.06M |
MRLN Hedge Fund Activity: Q3 2025 in Review
42 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Merlin Inc (MRLN) for Q3 2025, worth a combined $244M — down 0.09% from $244M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MRLN and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 5 added.
The largest buyer was Radcliffe Capital Management, adding an estimated $8.15M. The largest seller was Meteora Capital, cutting an estimated $8.01M.
- 42 institutional investors held Merlin Inc (MRLN) as of Q3 2025, down from 43 in Q2 2025.
- Funds reported $244M of Merlin Inc stock for Q3 2025, down 0.09% quarter-over-quarter.
- 6 funds opened new Merlin Inc positions in Q3 2025 and 7 closed out, a net change of -1 holder.
- The largest Merlin Inc buyer in Q3 2025 was Radcliffe Capital Management, an estimated $8.15M added.
- The largest Merlin Inc seller in Q3 2025 was Meteora Capital, an estimated $8.01M sold.
Based on aggregated 13F filings for Q3 2025.