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Merck & Co., Inc.
Merck & Co., Inc.. Institutional holdings reported to the SEC.

Institutional Holders (2014Q1)
Portfolio Summary: 45 Institutional holders with a total value of $181,515,138.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 KAHN BROTHERS GROUP INC 1,128,415 64,060,112 35.29%
2 Bruce & Co., Inc. 261,500 14,845,000 8.18%
3 CULLINAN ASSOCIATES INC 183,973 10,444,000 5.75%
4 Covington Capital Management 169,879 9,644,000 5.31%
5 KARPAS STRATEGIES, LLC 139,388 7,913,000 4.36%
6 GRASSI INVESTMENT MANAGEMENT LLC 101,534 5,764,000 3.18%
7 Winch Advisory Services, LLC 86,391 4,904,000 2.70%
8 Palisade Asset Management, LLC 82,798 4,700,000 2.59%
9 BENNICAS & ASSOCIATES, INC. 77,835 4,419,000 2.43%
10 MARSHWINDS ADVISORY CO 74,983 4,257,000 2.35%
11 Cohen Klingenstein LLC 71,475 4,058,000 2.24%
12 TIRSCHWELL & LOEWY INC 66,839 3,794,000 2.09%
13 Whitegate Investment Counselors, Inc. 70,555 3,733,000 2.06%
14 Taylor, Cottrill LLC 65,221 3,703,000 2.04%
15 Energy Opportunities Capital Management, LLC 45,741 3,472,000 1.91%
16 Parametric Risk Advisors LLC 60,225 3,419,000 1.88%
17 WENDELL DAVID ASSOCIATES INC 46,513 2,651,000 1.46%
18 JACOBS & CO/CA 41,647 2,364,000 1.30%
19 M&R CAPITAL MANAGEMENT INC 35,642 2,023,000 1.11%
20 Dorsey & Whitney Trust CO LLC 35,024 1,988,000 1.10%
21 Yorktown Management & Research Co Inc 28,200 1,601,000 0.88%
22 TREVOR STEWART BURTON & JACOBSEN INC 27,820 1,579,000 0.87%
23 LAU ASSOCIATES LLC 24,752 1,405,000 0.77%
24 Benchmark Capital Advisors 23,700 1,345,000 0.74%
25 Ironwood Investment Counsel, LLC 23,075 1,310,000 0.72%
26 GLYNN CAPITAL MANAGEMENT LLC 23,068 1,310,000 0.72%
27 Hanson & Doremus Investment Management 22,803 1,295,000 0.71%
28 HYMAN CHARLES D 20,982 1,191,000 0.66%
29 PITTENGER & ANDERSON INC 19,110 1,085,000 0.60%
30 Welch Group, LLC 18,291 1,038,000 0.57%
31 BALASA DINVERNO & FOLTZ LLC 14,906 846,000 0.47%
32 MARATHON CAPITAL MANAGEMENT 14,786 839,000 0.46%
33 Long Wharf Investors, Inc. 12,467 708,000 0.39%
34 Curbstone Financial Management Corp 11,930 677,000 0.37%
35 FULTON BREAKEFIELD BROENNIMAN LLC 11,116 631,000 0.35%
36 BAXTER BROS INC 10,244 582,000 0.32%
37 West Oak Capital, LLC 9,125 518,026 0.29%
38 GRIMES & Co WEALTH MANAGEMENT, LLC 5,472 311,000 0.17%
39 PRENTISS SMITH & CO INC 5,290 300,000 0.17%
40 Opus Capital Group, LLC 4,023 228,000 0.13%
41 Greenwich Wealth Management LLC 3,781 215,000 0.12%
42 Nelson Capital Management, LLC 2,640 150,000 0.08%
43 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 2,352 134,000 0.07%
44 AlphaMark Advisors, LLC 900 51,000 0.03% SH
45 America First Investment Advisors, LLC 200 11,000 0.01%

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.