Merck & Co., Inc.

CIK 0000310158 · Q1 2026

13F Equity AUM

$349.4M

+26.5% QoQ

Positions

+2 QoQ

AUM Rank

#5,396

Top 43%

Skill Alpha (FF)

—

Building track record (4q)

Quarters Tracked

~1 years

Portfolio Concentration

Top 5: 88.9%Top 10: 99.7%Top 20: 100.0%

MRNA33.6%

PSNL25.6%

KYMR18.4%

TRDA6.3%

EIKON THERAPEUTICS INC5.0%

AKTIS ONCOLOGY INC4.9%

ALEC2.2%

STRO1.9%

EVAXUSD1.3%

VRDN0.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare88.5%

Unclassified11.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 14Median: 2.06%Avg: 7.14%

0–0.5%

4(0.3%)

0.5–1%

1(0.5%)

1–3%

3(5.4%)

3–5%

1(4.9%)

5%+

5(88.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 8Unique: 6vs 20 funds

0.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.2%

BANK OF AMERICA CORP /DE/

0.1%

STATE STREET CORP

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

FMR LLC

0.2%

MORGAN STANLEY

0.1%

JPMORGAN CHASE & CO

0.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New3Increased1Decreased0Exited1

New Positions

EIKON THERAPEUTICS I…5.0%

+1.7M

AKTIS ONCOLOGY INC4.9%

+953K

XILIO THERAPEUTICS I…0.3%

+106K

Increased

HURA0.0%

+5K(+39%)

Exited

XLO

-1,483,758

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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