MERCK & CO INC MRK
COM · Common Stock · CUSIP 58933Y105 · ISIN US58933Y1055
American multinational pharmaceutical company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.4bn this quarter). Holder counts are more reliable. Shares outstanding: 2.5bn as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $128.41. Options: 62 managers hold calls ($3.2bn notional), 58 hold puts ($3.2bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,986 |
| Q4 2022 | 3,231 |
| Q1 2023 | 3,178 |
| Q2 2023 | 3,252 |
| Q3 2023 | 3,214 |
| Q4 2023 | 3,432 |
| Q1 2024 | 3,534 |
| Q2 2024 | 3,545 |
| Q3 2024 | 3,488 |
| Q4 2024 | 3,606 |
| Q1 2025 | 3,451 |
| Q2 2025 | 3,329 |
| Q3 2025 | 3,311 |
| Q4 2025 | 3,660 |
| Q1 2026 | 3,797 |
| Q2 2026 | 3,827 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 1,621 | 1,582 |
| Q4 2024 | 1,419 | 1,783 |
| Q1 2025 | 1,484 | 1,875 |
| Q2 2025 | 1,433 | 1,787 |
| Q3 2025 | 1,520 | 1,569 |
| Q4 2025 | 1,668 | 1,528 |
| Q1 2026 | 1,714 | 1,709 |
| Q2 2026 | 1,786 | 1,609 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.9bn | $2.6bn | 0.88 |
| Q4 2025 | $3.7bn | $2.6bn | 0.71 |
| Q1 2026 | $3.4bn | $2.8bn | 0.81 |
| Q2 2026 | $3.2bn | $3.2bn | 1.00 |
Biggest buyers
| Capital International Investors | Added | +14.5m |
| Fisher Asset Management, LLC | Added | +12.1m |
| Assenagon Asset Management S.A. | Added | +4.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +4.6m |
| FRANKLIN RESOURCES INC | Added | +3.3m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.0m |
| GOLDMAN SACHS GROUP INC | Added | +1.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.9m |
| ALLIANCEBERNSTEIN L.P. | Added | +1.8m |
| SG Americas Securities, LLC | Added | +1.4m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -9.1m |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -5.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -4.5m |
| JENNISON ASSOCIATES LLC | Reduced | -3.5m |
| Invesco Ltd. | Reduced | -3.2m |
| MARSHALL WACE, LLP | Sold out | -2.8m |
| California Public Employees Retirement System | Reduced | -2.0m |
| CITADEL ADVISORS LLC | Reduced | -1.9m |
| FIRST TRUST ADVISORS LP | Reduced | -1.9m |
| Balyasny Asset Management L.P. | Reduced | -1.8m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $672.0m5.2m shares |
| JANE STREET GROUP, LLC | Added | $575.7m4.5m shares |
| CITADEL ADVISORS LLC | Reduced | $447.9m3.5m shares |
| JPMORGAN CHASE & CO | Added | $226.6m1.8m shares |
| D. E. Shaw & Co., Inc. | Added | $154.8m1.2m shares |
| IMC-Chicago, LLC | Added | $123.5m961.1k shares |
| TORONTO DOMINION BANK | Reduced | $99.8m777.0k shares |
| UBS Group AG | Added | $88.7m689.9k shares |
| ROYAL BANK OF CANADA | Added | $83.5m650.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $72.0m560.6k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $779.5m6.1m shares |
| CITADEL ADVISORS LLC | Added | $482.8m3.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $456.4m3.6m shares |
| CITIGROUP INC | Reduced | $218.9m1.7m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $156.9m1.2m shares |
| JPMORGAN CHASE & CO | Added | $139.8m1.1m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $128.9m1.0m shares |
| Hudson Bay Capital Management LP | Added | $118.9m925.0k shares |
| IMC-Chicago, LLC | Reduced | $74.5m579.6k shares |
| D. E. Shaw & Co., Inc. | Reduced | $65.1m506.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 2 | $1.6m | 3 | $1.4m | — |
| Q2 2025 | 0 | — | 1 | $352.7k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 2 | $1.3m | — |
| Q1 2026 | 0 | — | 9 | $40.7m | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 5 | $30.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-13 | Guindo Chirfi EVP, Access, Policy & Comms | Sold | $1.4m10.0k shares |
| 2026-08-12 | Zachary Jennifer EVP, General Counsel | Sold | $10.7m80.3k shares |
| 2026-08-12 | DeLuca Richard R. EVP&Pres, Merck Animal Heallth | Sold | $1.5m11.7k shares |
| 2026-08-11 | DeLuca Richard R. EVP&Pres, Merck Animal Heallth | Sold | $1.7m12.8k shares |
| 2026-08-10 | DeLuca Richard R. EVP&Pres, Merck Animal Heallth | Sold | $2.7m20.8k shares |
| 2026-08-06 | Guindo Chirfi EVP, Access, Policy & Comms | Sold | $2.0m15.0k shares |
| 2026-08-06 | DeLuca Richard R. EVP&Pres, Merck Animal Heallth | Sold | $788.8k6.0k shares |
| 2026-08-05 | Williams David Michael EVP,Chief Info&Digital Officer | Sold | $6.8m52.8k shares |
| 2026-08-05 | Maraldo David R. EVP & Pres. MMD | Sold | $2.4m18.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.43% of their portfolio | 227.0m $29.2bn | Added +1.2m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.44% of their portfolio | 161.3m $20.7bn | Added +335.6k |
| STATE STREET CORP 0.46% of their portfolio | 120.4m $15.6bn | Added +1.1m |
| WELLINGTON MANAGEMENT GROUP LLP 1.91% of their portfolio | 86.2m $11.1bn | Added +1.9m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.39% of their portfolio | 67.7m $8.7bn | Added +434.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.42% of their portfolio | 60.7m $7.8bn | Added +1.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.93% of their portfolio | 54.4m $7.0bn | Added +4.6m |
| MORGAN STANLEY 0.33% of their portfolio | 48.6m $6.3bn | Added +1.0m |
| FMR LLC 0.25% of their portfolio | 45.4m $5.8bn | Added +924.3k |
| JPMORGAN CHASE & CO 0.33% of their portfolio | 43.9m $5.7bn | Reduced -9.1m |
| Fisher Asset Management, LLC 1.47% of their portfolio | 38.5m $4.9bn | Added +12.1m |
| NORGES BANK 0.47% of their portfolio | 37.0m $4.8bn | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.25% of their portfolio | 30.5m $3.9bn | Reduced -239.0k |
| NORTHERN TRUST CORP 0.39% of their portfolio | 26.3m $3.4bn | Reduced -814.3k |
| GOLDMAN SACHS GROUP INC 0.30% of their portfolio | 22.1m $2.8bn | Added +1.9m |
| FRANKLIN RESOURCES INC 0.54% of their portfolio | 19.5m $2.5bn | Added +3.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.46% of their portfolio | 19.5m $2.5bn | Reduced -867.6k |
| Legal & General Group Plc 0.51% of their portfolio | 18.9m $2.4bn | Reduced -665.2k |
| Invesco Ltd. 0.19% of their portfolio | 18.6m $2.4bn | Reduced -3.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.24% of their portfolio | 18.5m $2.4bn | Reduced -4.5m |
| Bank of New York Mellon Corp 0.39% of their portfolio | 18.3m $2.4bn | Reduced -373.2k |
| DIMENSIONAL FUND ADVISORS LP 0.41% of their portfolio | 17.5m $2.2bn | Added +2.0m |
| AMERIPRISE FINANCIAL INC 0.45% of their portfolio | 17.4m $2.2bn | Added +1.1m |
| Capital International Investors 0.41% of their portfolio | 15.4m $2.0bn | Added +14.5m |
| ROYAL BANK OF CANADA 0.31% of their portfolio | 14.3m $1.8bn | Added +1.1m |
| VANGUARD FIDUCIARY TRUST CO 0.39% of their portfolio | 13.9m $1.8bn | Reduced -94.9k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 1.21% of their portfolio | 13.8m $1.8bn | Unchanged |
| UBS Group AG 0.28% of their portfolio | 13.7m $1.8bn | Reduced -188.8k |
| ALLIANCEBERNSTEIN L.P. 0.52% of their portfolio | 13.1m $1.6bn | Added +1.8m |
| Amundi 0.38% of their portfolio | 12.3m $1.6bn | Reduced -1.4m |
| HARRIS ASSOCIATES L P 2.06% of their portfolio | 12.1m $1.6bn | Reduced -293.8k |
| DEUTSCHE BANK AG\ 0.45% of their portfolio | 12.0m $1.5bn | Reduced -576.6k |
| WELLS FARGO & COMPANY/MN 0.26% of their portfolio | 11.7m $1.5bn | Added +211.6k |
| Nuveen, LLC 0.30% of their portfolio | 9.7m $1.2bn | Reduced -437.4k |
| STIFEL FINANCIAL CORP 0.87% of their portfolio | 8.2m $1.0bn | Reduced -122.4k |
| AQR CAPITAL MANAGEMENT LLC 0.36% of their portfolio | 8.1m $1.0bn | Reduced -494.2k |
| HSBC HOLDINGS PLC 0.48% of their portfolio | 7.7m $994.1m | Added +100.9k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 2.86% of their portfolio | 7.3m $942.1m | Reduced -586.4k |
| PNC Financial Services Group, Inc. 0.46% of their portfolio | 7.3m $936.4m | Reduced -243.6k |
| Swiss National Bank 0.47% of their portfolio | 7.0m $896.1m | Reduced -310.9k |
| BARCLAYS PLC 0.28% of their portfolio | 6.8m $873.0m | Reduced -763.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.96% of their portfolio | 6.8m $871.9m | Reduced -228.8k |
| Aristotle Capital Management, LLC 1.77% of their portfolio | 6.6m $845.4m | Reduced -315.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.72% of their portfolio | 6.5m $833.3m | Added +1.3m |
| Swedbank AB 0.70% of their portfolio | 6.4m $817.3m | Reduced -731.1k |
| RAYMOND JAMES FINANCIAL INC 0.22% of their portfolio | 6.2m $801.4m | Reduced -348.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.44% of their portfolio | 6.2m $794.6m | Added +402.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.45% of their portfolio | 6.2m $792.7m | Reduced -100.2k |
| National Pension Service 0.48% of their portfolio | 5.8m $744.2m | Added +29.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.49% of their portfolio | 5.6m $718.7m | Added +589.6k |
| BANK OF MONTREAL /CAN/ 0.26% of their portfolio | 5.6m $715.2m | Added +734.6k |
| Vanguard Global Advisers, LLC 0.33% of their portfolio | 5.5m $708.4m | Reduced -73.2k |
| DekaBank Deutsche Girozentrale 1.08% of their portfolio | 5.4m $638.7m | Unchanged |
| Assenagon Asset Management S.A. 0.45% of their portfolio | 5.4m $694.7m | Added +4.7m |
| California Public Employees Retirement System 0.39% of their portfolio | 5.4m $693.7m | Reduced -2.0m |
| LSV ASSET MANAGEMENT 1.24% of their portfolio | 5.3m $681.0m | Added +210.7k |
| AMERICAN CENTURY COMPANIES INC 0.28% of their portfolio | 4.9m $625.3m | Reduced -681.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.30% of their portfolio | 4.8m $610.6m | Added +41.5k |
| Capital Wealth Planning, LLC 3.02% of their portfolio | 4.7m $605.1m | Added +191.9k |
| Caisse de depot et placement du Quebec 0.81% of their portfolio | 4.4m $571.6m | Added +648.7k |
| Aberdeen Group plc 0.78% of their portfolio | 4.3m $553.8m | Reduced -355.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.30% of their portfolio | 4.2m $536.7m | Added +559.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.30% of their portfolio | 4.1m $532.5m | Added +354.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio | 4.0m $513.6m | Added +143.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.23% of their portfolio | 4.0m $509.7m | Added +1.0m |
| Jupiter Topco LLC 0.20% of their portfolio | 3.9m $501.2m | First filing |
| LPL Financial LLC 0.11% of their portfolio | 3.8m $493.0m | Added +54.5k |
| RHUMBLINE ADVISERS 0.37% of their portfolio | 3.8m $489.5m | Added +12.1k |
| THORNBURG INVESTMENT MANAGEMENT INC 4.66% of their portfolio | 3.8m $486.8m | Added +59.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.45% of their portfolio | 3.8m $484.7m | Reduced -63.5k |
| Bank Julius Baer & Co. Ltd, Zurich 1.24% of their portfolio | 3.7m $480.3m | Added +29.7k |
| Allianz Asset Management GmbH 0.46% of their portfolio | 3.7m $448.6m | Reduced -251.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.56% of their portfolio | 3.7m $474.8m | Reduced -507.1k |
| HighTower Advisors, LLC 0.45% of their portfolio | 3.7m $472.9m | Added +44.5k |
| CITIGROUP INC 0.22% of their portfolio | 3.6m $464.5m | Added +835.8k |
| NEUBERGER BERMAN GROUP LLC 0.30% of their portfolio | 3.5m $454.2m | Added +253.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.36% of their portfolio | 3.5m $445.1m | Reduced -5.0m |
| Ensign Peak Advisors, Inc 0.71% of their portfolio | 3.4m $432.4m | Added +751.8k |
| AVIVA PLC 0.62% of their portfolio | 3.3m $419.4m | Added +27.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.21% of their portfolio | 3.1m $402.3m | Added +924.7k |
| SG Americas Securities, LLC 0.23% of their portfolio | 3.1m $394.8m | Added +1.4m |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.71% of their portfolio | 3.0m $383.8m | Added +90.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.47% of their portfolio | 2.9m $373.9m | Reduced -606.2k |
| NATIXIS ADVISORS, LLC 0.41% of their portfolio | 2.9m $367.2m | Reduced -112.7k |
| FEDERATED HERMES, INC. 0.53% of their portfolio | 2.9m $366.5m | Reduced -155.8k |
| CANADA LIFE ASSURANCE Co 0.58% of their portfolio | 2.8m $361.1m | Reduced -157.8k |
| Mariner, LLC 0.38% of their portfolio | 2.8m $357.5m | Reduced -13.4k |
| D. E. Shaw & Co., Inc. 0.22% of their portfolio | 2.7m $351.8m | Reduced -659.6k |
| JENNISON ASSOCIATES LLC 0.21% of their portfolio | 2.7m $350.7m | Reduced -3.5m |
| FIRST TRUST ADVISORS LP 0.20% of their portfolio | 2.6m $333.1m | Reduced -1.9m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.33% of their portfolio | 2.6m $331.8m | Added +265.6k |
| Russell Investments Group, Ltd. 0.29% of their portfolio | 2.6m $331.9m | Added +51.4k |
| JONES FINANCIAL COMPANIES LLLP 0.13% of their portfolio | 2.5m $327.9m | Reduced -110.6k |
| Alyeska Investment Group, L.P. 0.82% of their portfolio | 2.5m $318.8m | Added +175.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.22% of their portfolio | 2.5m $315.6m | Added +699.4k |
| NATIONAL BANK OF CANADA /FI/ 0.27% of their portfolio | 2.4m $312.7m | Added +472.4k |
| Eurizon Capital SGR S.p.A. 0.83% of their portfolio | 2.4m $308.7m | Reduced -423.6k |
| Corient Private Wealth LP 0.43% of their portfolio | 2.4m $307.3m | Reduced -37.0k |
| Robeco Institutional Asset Management B.V. 0.37% of their portfolio | 2.4m $305.1m | Added +51.7k |
| MACKENZIE FINANCIAL CORP 0.30% of their portfolio | 2.4m $305.0m | Reduced -144.0k |