Merlin Inc
MRLN
29 hedge funds and large institutions have $27.3M invested in Merlin Inc in 2026 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 40 closing their positions.
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
50% less funds holding
Funds holding: 58 → 29 (-29)
57.18% less ownership
Funds ownership: 71.79% → 14.61% (-57%)
68% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 40
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
86% less capital invested
Capital invested by funds: $195M → $27.3M (-$168M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$20.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.68M |
| 3 |
CGIC
Continental General Insurance Company
Austin,
Texas
|
+$2.46M |
| 4 |
GRIM
Greenhaven Road Investment Management
Greenwich,
Connecticut
|
+$1.11M |
| 5 |
DC
Diametric Capital
Boston,
Massachusetts
|
+$859K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
-$21.6M |
| 2 |
D.E. Shaw & Co
New York
|
-$12.2M |
| 3 |
GL
Governors Lane
New York
|
-$10.7M |
| 4 |
HCI
Harraden Circle Investments
New York
|
-$10.2M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$9.87M |
MRLN Hedge Fund Activity: Q1 2026 in Review
29 institutional investors reported a position in Merlin Inc (MRLN) for Q1 2026, worth a combined $27.3M — down 86% from $195M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of MRLN and 13 opened new positions — a net loss of 27 holders — while 8 trimmed existing stakes and 7 added.
The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $20.7M. The largest seller was Highbridge Capital Management, exiting entirely with an estimated $21.6M sold.
- 29 institutional investors held Merlin Inc (MRLN) as of Q1 2026, down from 58 in Q4 2025.
- Funds reported $27.3M of Merlin Inc stock for Q1 2026, down 86% quarter-over-quarter.
- 13 funds opened new Merlin Inc positions in Q1 2026 and 40 closed out, a net change of -27 holders.
- The largest Merlin Inc buyer in Q1 2026 was Baillie Gifford & Co, an estimated $20.7M added.
- The largest Merlin Inc seller in Q1 2026 was Highbridge Capital Management, an estimated $21.6M sold.
Based on aggregated 13F filings for Q1 2026.