# Merlin Capital, Inc

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1911169. Source: https://holderbook.com/funds/1911169-merlin-capital-inc/

- Reported value: $33.5M
- Positions: 52
- Weight of the ten largest: 27.1%
- Filed: 2024-05-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $939.4K | 968 | 2.8% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $933.4K | 1,033 | 2.8% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $916.3K | 5,080 | 2.7% | 10 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $915.6K | 315 | 2.7% | 9 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $909.5K | 16,163 | 2.7% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $906.1K | 1,866 | 2.7% | 3 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $890.4K | 946 | 2.7% | 2 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $889.9K | 3,527 | 2.7% | 9 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $889.3K | 4,312 | 2.7% | 10 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $888.8K | 245 | 2.7% | 9 |
| RALPH LAUREN CORP | [RL](https://holderbook.com/stocks/RL/) | $863.7K | 4,600 | 2.6% | 9 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $862.0K | 18,156 | 2.6% | 9 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $847.3K | 2,027 | 2.5% | 10 |
| UIPATH INC | [PATH](https://holderbook.com/stocks/PATH/) | $837.2K | 36,930 | 2.5% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $831.0K | 5,458 | 2.5% | 10 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $818.1K | 1,073 | 2.4% | 10 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $812.1K | 2,609 | 2.4% | 10 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $776.8K | 2,990 | 2.3% | 10 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $776.0K | 3,132 | 2.3% | 10 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $756.7K | 4,005 | 2.3% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $730.3K | 4,259 | 2.2% | 10 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $716.2K | 1,643 | 2.1% | 10 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $716.0K | 737 | 2.1% | 10 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $713.9K | 9,706 | 2.1% | 10 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $688.9K | 1,017 | 2.1% | 10 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $688.0K | 5,836 | 2.1% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $678.7K | 5,403 | 2.0% | 1 |
| EXELIXIS INC | [EXEL](https://holderbook.com/stocks/EXEL/) | $675.0K | 28,444 | 2.0% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $655.1K | 1,557 | 2.0% | 10 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $630.5K | 4,634 | 1.9% | 10 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $611.2K | 2,190 | 1.8% | 10 |
| CRISPR THERAPEUTICS AG | [CRSP](https://holderbook.com/stocks/CRSP/) | $605.2K | 8,879 | 1.8% | 7 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $593.5K | 5,479 | 1.8% | 10 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $580.1K | 1,015 | 1.7% | 7 |
| WOLFSPEED INC | [WOLF](https://holderbook.com/stocks/WOLF/) | $572.5K | 19,408 | 1.7% | 7 |
| HYATT HOTELS CORP | [H](https://holderbook.com/stocks/H/) | $556.8K | 3,488 | 1.7% | 4 |
| ALLEGRO MICROSYSTEMS INC | [ALGM](https://holderbook.com/stocks/ALGM/) | $554.6K | 20,573 | 1.7% | 6 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $505.1K | 1,001 | 1.5% | 10 |
| INTELLIA THERAPEUTICS INC | [NTLA](https://holderbook.com/stocks/NTLA/) | $487.6K | 17,724 | 1.5% | 10 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $480.1K | 997 | 1.4% | 10 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $446.4K | 1,288 | 1.3% | 10 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $444.0K | 10,051 | 1.3% | 10 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $440.1K | 9,295 | 1.3% | 10 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $417.1K | 8,358 | 1.2% | 10 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $408.8K | 6,231 | 1.2% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $400.5K | 2,299 | 1.2% | 10 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $396.5K | 10,212 | 1.2% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $354.0K | 3,767 | 1.1% | 10 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $223.0K | 3,914 | 0.7% | 2 |
| INFINERA CORP | [INFN](https://holderbook.com/stocks/INFN/) | $125.9K | 20,873 | 0.4% | 9 |
| CAMBIUM NETWORKS CORP | [CMBMF](https://holderbook.com/stocks/CMBMF/) | $97.5K | 22,630 | 0.3% | 3 |
| DZS INC | [DZSIQ](https://holderbook.com/stocks/DZSIQ/) | $66.4K | 50,324 | 0.2% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +9.4% | +10.0% | -0.6% | 100% |
| Q4 2023 | +16.0% | +11.2% | +4.9% | 100% |
| Q3 2023 | -7.3% | -3.6% | -3.7% | 100% |
| Q2 2023 | +9.2% | +8.3% | +0.9% | 100% |
| Q1 2023 | +4.3% | +7.0% | -2.8% | 100% |
| Q4 2022 | -1.4% | +7.1% | -8.5% | 99% |
| Q3 2022 | -12.8% | -5.3% | -7.4% | 99% |
| Q2 2022 | -36.8% | -16.5% | -20.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $33.5M | 52 |
| Q4 2023 | $31.2M | 54 |
| Q3 2023 | $26.8M | 53 |
| Q2 2023 | $29.5M | 52 |
| Q1 2023 | $27.6M | 51 |
| Q4 2022 | $40.6M | 70 |
| Q3 2022 | $43.2M | 71 |
| Q2 2022 | $49.9M | 71 |
| Q1 2022 | $75.8M | 72 |
| Q4 2021 | $86.5M | 71 |