Merck & Co., Inc.
MX ˙ BMV ˙ US58933Y1055
SecurityMX:MRK / Merck & Co., Inc.
InstitutionCapitolis Liquid Global Markets LLC
Latest Disclosed Ownership460,400 shares
Latest Disclosed Value $ 48,461,704
Capitolis Liquid Global Markets LLC reports 81.47% increase in ownership of MRK / Merck & Co., Inc.

On February 17, 2026 - Capitolis Liquid Global Markets LLC filed a 13F-HR form disclosing ownership of 460,400 shares of Merck & Co., Inc. (MX:MRK) valued at $48,461,704 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 253,700 shares of Merck & Co., Inc.. This represents a change in shares of 81.47% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F MERCK COM 58933Y105 460,400 206,700 81.47 48,462 127.59 0.2890
2025-11-14 2025-09-30 13F MERCK COM 58933Y105 253,700 -415,000 -62.06 21,293 -59.77 0.1700
2025-08-14 2025-06-30 13F MERCK COM 58933Y105 668,700 65,000 10.77 52,934 -2.31 0.3878
2025-05-15 2025-03-31 13F MERCK COM 58933Y105 603,700 0 0.00 54,188 -9.77 0.4789
2025-02-14 2024-12-31 13F Merck COM 58933Y105 603,700 0 0.00 60,056 -12.40 0.5849
2024-11-14 2024-09-30 13F Merck COM 58933Y105 603,700 302,000 100.10 68,556 83.55 0.7273
2024-08-13 2024-06-30 13F Merck COM 58933Y105 301,700 215,000 247.98 37,350 226.49 0.4618
2024-05-13 2024-03-31 13F MERCK COM 58933Y105 86,700 13,400 18.28 11,440 43.16 0.1835
2024-02-14 2023-12-31 13F MERCK COM 58933Y105 73,300 73,300 7,991 0.3285
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.