Merlin Capital LLC

CIK

1911169

Location

BOSTON, MA

Portfolio Value

Micro $32,946,782

Diversification

Diversified

Filing Date

Global Rank

#7,268 / 7,434 ▲ 16 · as of Mar 2024

Top Industry

Semiconductors 19.6%

Period ended 2 years ago

Filed May 13, 2024 · 2y

10 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 27.6%, 45.4 effective positions, active share 71.7% against the Nasdaq-100 as of 2024-03-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

26.6% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 8.2 quarters (4 to under 12)

Closest benchmark: the Nasdaq-100 as of 2024-03-31, active share 71.7%; sector active share 45.5% against the combined 13F book's sector weights.

Over time 10 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

51 tracked positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

2.9%

−0.1 pts

Top 5

14.0%

+0.3 pts

Top 10

27.6%

+0.9 pts

HHI

220

Diversified+8

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Technology	54.8%	$18,048,569	28
Consumer Cyclical	23.8%	$7,853,888	10
Healthcare	8.6%	$2,838,041	5
Communication Services	6.5%	$2,145,880	3
Financial Services	3.3%	$1,091,310	2
Industrials	2.4%	$776,802	1
Unclassified	0.6%	$192,292	2

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
—		+4,271	50,324	$66,428
EXEL	Exelixis, Inc.	+3,861	28,444	$674,976
PATH	UiPath, Inc.	+1,066	36,930	$837,203
ON	On Semiconductor Corp	+778	9,706	$713,876
OTEX	Open Text Corp	+324	10,212	$396,531
ALGM	Allegro Microsystems, Inc.	+312	20,573	$554,648
INCY	Incyte Corp	+255	3,914	$222,980
SWKS	Skyworks Solutions, Inc.	+226	5,479	$593,485
GOOG	Alphabet Inc.	+166	5,458	$831,035
CMBMF	Cambium Networks Corp	+150	22,630	$97,535
AAPL	Apple Inc.	+82	4,259	$730,333
PTC	Ptc Inc.	+76	4,005	$756,704
PWR	Quanta Services, Inc.	+75	2,990	$776,802
MAR	Marriott International Inc	+72	3,527	$889,897
VRTX	Vertex Pharmaceuticals Inc	+45	2,027	$847,306
AMZN	Amazon Com Inc	+38	5,080	$916,330
V	Visa Inc.	+24	2,190	$611,185
NKE	NIKE, Inc.	+20	3,767	$354,022
LRCX	Lam Research Corp	+15	737	$716,047
SNPS	Synopsys Inc	+14	1,015	$580,072
ADBE	Adobe Inc.	+13	1,001	$505,104
BKNG	Booking Holdings Inc.	+6	245	$888,830
DECK	Deckers Outdoor Corp	+1	946	$890,432
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
NTLA	Intellia Therapeutics, Inc.	−9,110	17,724	$487,587
RACE	Ferrari N.V.	−755	1,643	$716,249
RL	Ralph Lauren Corp	−692	4,600	$863,696
INTC	Intel Corp	−663	10,051	$443,952
NVDA	Nvidia Corp	−511	1,033	$933,377
META	Meta Platforms, Inc.	−374	1,866	$906,092
AMAT	Applied Materials Inc	−244	4,312	$889,263
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−193	4,634	$630,455
ASML	Asml Holding NV	−121	968	$939,414
MU	Micron Technology Inc	−57	5,836	$688,006
CRSP	CRISPR Therapeutics AG	−46	8,879	$605,192
—		−42	20,873	$125,864
CDNS	Cadence Design Systems Inc	−21	2,609	$812,129
MPWR	Monolithic Power Systems, Inc.	−15	1,017	$688,936
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
NXT	Nextpower Inc.	16,163	$909,492
ORCL	Oracle Corp	5,403	$678,670
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
TSLA	Tesla, Inc.	2,054	$510,377
HON	Honeywell International Inc	1,919	$402,433
UNH	Unitedhealth Group Inc	748	$393,799
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

51 tracked positions · $32,946,782 total · filing declares 52 positions · $33,519,340 · as of Mar 31, 2024

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Showing 1–50 of 51 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
ASML	Asml Holding NV Technology	Reduced	968	-121	$939,414	+14.0%	10	before history	2.85%
NVDA	Nvidia Corp Technology	Reduced	1,033	-511	$933,377	+22.1%	10	before history	2.83%
AMZN	Amazon Com Inc Consumer Cyclical	Added	5,080	+38	$916,330	+19.6%	10	before history	2.78%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Held	315	0	$915,632	+27.1%	9	$1,505.22	2.78%
NXT	Nextpower Inc. Technology	NEW	16,163	NEW	$909,492	NEW	1	$53.20	2.76%
META	Meta Platforms, Inc. Communication Services	Reduced	1,866	-374	$906,092	+14.3%	3	$301.38	2.75%
DECK	Deckers Outdoor Corp Consumer Cyclical	Added	946	+1	$890,432	+41.0%	2	$610.08	2.70%
MAR	Marriott International Inc Consumer Cyclical	Added	3,527	+72	$889,897	+14.2%	9	$167.91	2.70%
AMAT	Applied Materials Inc Technology	Reduced	4,312	-244	$889,263	+20.4%	10	before history	2.70%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	245	+6	$888,830	+4.8%	9	$2,307.37	2.70%
RL	Ralph Lauren Corp Consumer Cyclical	Reduced	4,600	-692	$863,696	+13.2%	9	$117.71	2.62%
TPR	Tapestry, Inc. Consumer Cyclical	Held	18,156	0	$862,046	+29.0%	9	$37.88	2.62%
VRTX	Vertex Pharmaceuticals Inc Healthcare	Added	2,027	+45	$847,306	+5.1%	10	before history	2.57%
PATH	UiPath, Inc. Technology	Added	36,930	+1,066	$837,203	−6.0%	3	$16.85	2.54%
GOOG	Alphabet Inc. Communication Services	Added	5,458	+166	$831,035	+11.4%	10	before history	2.52%
NOW	ServiceNow, Inc. Technology	Held	1,073	0	$818,055	+7.9%	10	before history	2.48%
CDNS	Cadence Design Systems Inc Technology	Reduced	2,609	-21	$812,129	+13.4%	10	before history	2.46%
PWR	Quanta Services, Inc. Industrials	Added	2,990	+75	$776,802	+23.5%	10	before history	2.36%
NXPI	NXP Semiconductors N.V. Technology	Held	3,132	0	$776,015	+7.9%	10	before history	2.36%
PTC	Ptc Inc. Technology	Added	4,005	+76	$756,704	+10.1%	10	before history	2.30%
AAPL	Apple Inc. Technology	Added	4,259	+82	$730,333	−9.2%	10	before history	2.22%
RACE	Ferrari N.V. Consumer Cyclical	Reduced	1,643	-755	$716,249	−11.7%	10	before history	2.17%
LRCX	Lam Research Corp Technology	Added	737	+15	$716,047	+26.6%	10	before history	2.17%
ON	On Semiconductor Corp Technology	Added	9,706	+778	$713,876	−4.3%	10	before history	2.17%
MPWR	Monolithic Power Systems, Inc. Technology	Reduced	1,017	-15	$688,936	+5.8%	10	before history	2.09%
MU	Micron Technology Inc Technology	Reduced	5,836	-57	$688,006	+36.8%	3	$66.99	2.09%
ORCL	Oracle Corp Technology	NEW	5,403	NEW	$678,670	NEW	1	$114.46	2.06%
EXEL	Exelixis, Inc. Healthcare	Added	28,444	+3,861	$674,976	+14.5%	9	$19.80	2.05%
MSFT	Microsoft Corp Technology	Held	1,557	0	$655,061	+11.9%	10	before history	1.99%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	4,634	-193	$630,455	+25.6%	10	before history	1.91%
V	Visa Inc. Financial Services	Added	2,190	+24	$611,185	+8.4%	10	before history	1.86%
CRSP	CRISPR Therapeutics AG Healthcare	Reduced	8,879	-46	$605,192	+8.3%	7	$66.32	1.84%
SWKS	Skyworks Solutions, Inc. Technology	Added	5,479	+226	$593,485	+0.5%	10	before history	1.80%
SNPS	Synopsys Inc Technology	Added	1,015	+14	$580,072	+12.5%	7	$341.50	1.76%
H	Hyatt Hotels Corp Consumer Cyclical	Held	3,488	0	$556,754	+22.4%	4	$113.30	1.69%
ALGM	Allegro Microsystems, Inc. Technology	Added	20,573	+312	$554,648	−9.6%	6	$27.85	1.68%
ADBE	Adobe Inc. Technology	Added	1,001	+13	$505,104	−14.3%	10	before history	1.53%
NTLA	Intellia Therapeutics, Inc. Healthcare	Reduced	17,724	-9,110	$487,587	−40.4%	10	before history	1.48%
MA	Mastercard Inc Financial Services	Held	997	0	$480,125	+12.9%	10	before history	1.46%
ACN	Accenture plc Technology	Held	1,288	0	$446,433	−1.2%	10	before history	1.36%
INTC	Intel Corp Technology	Reduced	10,051	-48,263	$443,952	−17.8%	10	before history	1.35%
LITE	Lumentum Holdings Inc. Technology	Held	9,295	0	$440,118	−9.7%	10	before history	1.34%
CSCO	Cisco Systems, Inc. Technology	Held	8,358	0	$417,147	−1.2%	10	before history	1.27%
FWONK	Liberty Media Corp Communication Services	Held	6,231	0	$408,753	+3.9%	4	unpriced	1.24%
TXN	Texas Instruments Inc Technology	Held	2,299	0	$400,508	+2.2%	10	before history	1.22%
OTEX	Open Text Corp Technology	Added	10,212	+324	$396,531	−4.6%	3	$39.18	1.20%
NKE	NIKE, Inc. Consumer Cyclical	Added	3,767	+20	$354,022	−13.0%	10	before history	1.07%
INCY	Incyte Corp Healthcare	Added	3,914	+255	$222,980	−2.9%	2	$56.79	0.68%
		Reduced	20,873	-42	$125,864	+26.7%	9	unpriced	0.38%
CMBMF	Cambium Networks Corp Technology	Added	22,630	+150	$97,535	−27.7%	3	$8.20	0.30%

Showing the top 50 of 51 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.