Latest Period
Q4 2025
Security Snapshot
Merlin, Inc. - Class A ordinary shares, par value $0.0001 per share (BACQ) Institutional Ownership
CUSIP: G1169T104
13F Institutional Holders and Ownership History from Q4 2024 to Q1 2026
Institutions Reporting
59
Shares (Excl. Options)
18,252,939
Price
$10.72
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- Type / Class
- Equity / Class A ordinary shares, par value $0.0001 per share
- Symbol
- BACQ
- Shares outstanding
- 25,000,000
- Price per share
- $7.68
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 18,252,939
- Total reported value
- $195,360,731
- % of total 13F portfolios
- 0%
- Share change
- -5,702,096
- Value change
- -$60,337,016
- Number of holders
- 59
- Price from insider filings
- $7.68
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- BACQ - Merlin, Inc. - Class A ordinary shares, par value $0.0001 per share is tracked under CUSIP G1169T104.
- 59 institutions reported positions in Q4 2025.
- 10 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 59 to 0 between Q4 2025 and Q1 2026.
- Reported value moved from $195,360,731 to $0.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 59 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP G1169T104?
CUSIP G1169T104 identifies BACQ - Merlin, Inc. - Class A ordinary shares, par value $0.0001 per share in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP G1169T104:
Significant Owners of Merlin, Inc. - Class A ordinary shares, par value $0.0001 per share (BACQ) based on Schedule 13D/G filings
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC | 13% | $35,039,423 | 3,244,391 | THE GOLDMAN SACHS GROUP, INC. | 31 Dec 2025 | |||
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | 7.9% | $21,728,488 | 2,011,897 | Highbridge Capital Management, LLC | 31 Dec 2025 | |||
| BARCLAYS PLC | 6.9% | +38% | $18,955,458 | +$4,772,218 | 1,755,135 | +34% | Barclays PLC | 31 Dec 2025 |
| MERUS GLOBAL INVESTMENTS, LLC | 6.9% | -21% | $18,630,000 | -$5,411,102 | 1,725,000 | -23% | Merus Global Investments, LLC | 31 Dec 2025 |
| Westchester Capital Management, LLC | 5% | -16% | $13,159,103 | -$2,589,322 | 1,265,907 | -16% | Westchester Capital Management, LLC | 30 Sep 2025 |
| Hudson Bay Capital Management LP | 4.9% | -17% | $12,935,392 | -$2,657,108 | 1,244,386 | -17% | Hudson Bay Capital Management LP | 30 Sep 2025 |
| AQR CAPITAL MANAGEMENT LLC | 3.6% | -49% | $9,942,707 | -$10,778,173 | 920,621 | -52% | AQR Capital Management, LLC | 31 Dec 2025 |
| CONTINENTAL GENERAL INSURANCE CO | 2.4% | -69% | $6,214,755 | -$16,467,245 | 602,789 | -73% | CONTINENTAL GENERAL INSURANCE CO | 30 Jun 2025 |
| First Trust Capital Management L.P. | 2.3% | -73% | $6,407,402 | -$18,270,598 | 593,278 | -74% | First Trust Capital Management L.P. | 31 Dec 2025 |
| METEORA CAPITAL, LLC | 1.2% | -80% | $3,222,000 | -$15,214,016 | 300,000 | -83% | Meteora Capital, LLC | 30 Nov 2025 |
As of 31 Dec 2025, 59 institutional investors reported holding 18,252,939 shares of Merlin, Inc. - Class A ordinary shares, par value $0.0001 per share (BACQ). This represents 73% of the company’s total 25,000,000 outstanding shares.
Top 25 Institutional Shareholders
The largest institutional shareholders of Merlin, Inc. - Class A ordinary shares, par value $0.0001 per share (BACQ) together control 65% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | 8% | 2,011,897 | 1% | $21,567,536 | |
| D. E. Shaw & Co., Inc. | 5% | 1,237,500 | 0% | 0.01% | $13,266,000 |
| Governors Lane LP | 4% | 1,000,700 | +100% | 0.99% | $10,727,504 |
| Harraden Circle Investments, LLC | 3.8% | 955,646 | 1.9% | $10,244,525 | |
| AQR Arbitrage LLC | 3.7% | 920,621 | -51% | 0.21% | $9,869,057 |
| Decagon Asset Management LLP | 3.3% | 816,410 | 3.7% | $8,751,916 | |
| Alberta Investment Management Corp | 3% | 750,000 | 0% | 0.05% | $8,040,000 |
| Linden Advisors LP | 3% | 750,000 | 0% | 0.05% | $8,040,000 |
| MOORE CAPITAL MANAGEMENT, LP | 2.6% | 650,000 | -13% | 0.14% | $6,968,000 |
| BERKLEY W R CORP | 2.5% | 633,772 | -37% | 0.38% | $6,794,036 |
| LMR Partners LLP | 2.4% | 600,000 | -40% | 0.06% | $6,432,000 |
| First Trust Capital Management L.P. | 2.3% | 573,278 | -73% | 0.37% | $6,145,540 |
| Mercuria Capital Strategies, LLC | 2.1% | 535,000 | 3.1% | $5,424,900 | |
| Radcliffe Capital Management, L.P. | 2.1% | 521,028 | -43% | 0.3% | $5,585,420 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 2% | 499,513 | -0.05% | 0.25% | $5,354,779 |
| DLD Asset Management, LP | 2% | 493,926 | +83% | 0.55% | $5,294,887 |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 2% | 490,945 | -6.1% | 0.07% | $5,262,930 |
| Hudson Bay Capital Management LP | 1.7% | 432,943 | -65% | 0.03% | $4,641,149 |
| PICTON MAHONEY ASSET MANAGEMENT | 1.7% | 420,928 | -56% | 0.05% | $4,512,348 |
| Shay Capital LLC | 1.6% | 404,403 | 0.7% | $4,335,200 | |
| FNY Investment Advisers, LLC | 1.5% | 383,975 | 1.2% | $4,116,000 | |
| Lineage Point Capital LP | 1.5% | 376,205 | 0% | 1.5% | $4,032,918 |
| ExodusPoint Capital Management, LP | 1.2% | 300,000 | 0.04% | $3,216,000 | |
| Magnetar Financial LLC | 1.1% | 283,974 | -5.3% | 0.03% | $3,044,201 |
| GOLDMAN SACHS GROUP INC | 1.1% | 270,565 | -49% | 0% | $2,900,457 |
Institutional Holders of Merlin, Inc. - Class A ordinary shares, par value $0.0001 per share (BACQ) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 0 | $0 | -$61,604,740 | $7.68 | 0 |
| 2025 Q4 | 18,252,939 | $195,360,731 | -$60,337,016 | $10.72 | 59 |
| 2025 Q3 | 23,496,730 | $244,261,066 | -$1,918,189 | $10.40 | 42 |
| 2025 Q2 | 23,695,779 | $244,481,231 | +$27,247,486 | $10.31 | 43 |
| 2025 Q1 | 21,177,527 | $212,176,831 | +$73,612,998 | $10.01 | 35 |
| 2024 Q4 | 13,950,258 | $137,561,395 | +$137,053,662 | $9.86 | 26 |