§ PHARMACEUTICALS
USD · Pharmaceuticals

MRK

MERCK & CO. INC.
· USDSector · PharmaceuticalsMarket cap · $298837.78TBeta · 0.30
LAST · MARKET CLOSE
126.78
−2.78 ▼ 2.15%PREV CLOSE · $129.56
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
OPEN 129.31HIGH 130.00LOW 125.62VOL 0AVG VOL 52W 73.31 — 125.14
EVENTS1D · AC · ACCUMULATE
§ 02 · AC TAKE
Where we stand
ACCUMULATELAST UPDATED 1D

Merck's ownership profile tells an interesting story about how institutions are currently positioned in the stock.

The institutional pressure score sitting at neutral (0.00) and a market regime score equally flat (0.01) suggest there's no strong directional signal from the smart money right now — no unusual accumulation, no obvious distribution. The near-absence of growth and momentum-oriented funds (0.0%) is worth flagging: that crowd has clearly rotated elsewhere, which either indicates Merck is being overlooked or that the near-term earnings growth story isn't compelling enough to attract that style of capital. The P/E of 16.4x is modest for a major pharma, which helps explain the income-defensive (2.5%) and deep-value (1.2%) presence, though neither is a dominant force here. A hard caveat before you do anything with this: 13F filings — the source of institutional ownership data — are filed 45 to 90 days after the fact, meaning these positions reflect decisions made well in the past. Short interest data refreshes only biweekly. The market cap figure in the source data also appears corrupted ($298,837.8T is not a real number), and the current price shows as $0.00, so treat all derived metrics with appropriate skepticism. This is historical data, not a crystal ball.

CONVICTION
73/100
TIME HORIZON
6M
Read the full note →

§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY

13F FLOW
3097 increased/new, 1658 decreased/exited (13F)
AC 13F Analysis
INSIDER
No recent filings
SHORT INT
FINRA · bi-monthly
OPTIONS SKEW
CBOE · 30d
ANALYST
24 buy, 11 hold, 0 sell
Finnhub
CROWDING
Ownership percentile

§ 04 · FUNDAMENTALS · THE BOOKS

P/E16.4P/S
EV/EBITDAP/B4.97
Revenue (TTM)Rev YoY
Gross marginOp margin
Net incomeFCF
CashDebt
Dividend2.84%Buybacks 1Y
AC INTELLIGENCE

Merck's ownership profile tells an interesting story about how institutions are currently positioned in the stock. The largest identifiable slice belongs to passive index funds at 25.9%, which is fairly standard for a large-cap pharma name — these holders are essentially indifferent to the investment thesis and will buy or sell based on index rebalancing, not conviction. More notable is the 11.7% sitting with quality compounder funds, which tend to be long-duration, low-turnover holders attracted to durable franchises with consistent returns on capital. That's a meaningful chunk of the register suggesting some institutional confidence in Merck's business quality, even if the 28.2% "unclassified" bucket muddies the picture considerably.

§ 05 · WHO OWNS IT
Top institutional holders
All holders →
FundShares% portΔ Q/Q
Vanguard Group229.0M0.3%
State Street120.0M0.4%
BlackRock, Inc.84.4M0.2%
WELLINGTON MANAGEMENT GROUP LLP81.1M1.5%
Geode Capital Management52.5M0.3%−0%
BlackRock, Inc.51.8M0.1%+777%
AC INTELLIGENCE

Top institutional owners for MRK as of the most recent 13F window (Dec 2025). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.

§ 06 · WHO OWNS IT · BY STRATEGY

OTHER17.9% · 0 holders
OTHER28.2% · 3,420 holders
PASSIVE / INDEX25.9% · 11 holders
QUALITY / COMPOUNDER11.7% · 48 holders
DEALER / BANK10.5% · 38 holders
INCOME / DEFENSIVE2.5% · 30 holders
DEEP VALUE1.2% · 7 holders
TACTICAL / MACRO1.1% · 6 holders
SYSTEMATIC / QUANT0.8% · 12 holders
ACTIVIST0.2% · 1 holder
GROWTH / MOMENTUM0.0% · 1 holder
AC INTELLIGENCE

Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.

§ 07 · INSIDER ACTIVITY · LAST 180 DAYS

NO INSIDER FILINGS
AC INTELLIGENCE

No Form 4 filings on record for MRK in the last 180 days.

§ 08 · COVERAGE · OUR RECENT NOTES

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