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

Institutional Holders (2014Q4)
Portfolio Summary: 40 Institutional holders with a total value of $153,004,294.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 KAHN BROTHERS GROUP INC 1,052,807 59,788,930 39.08%
2 Bruce & Co., Inc. 259,400 14,731,000 9.63%
3 CULLINAN ASSOCIATES INC 191,268 10,862,000 7.10%
4 Covington Capital Management 170,086 9,659,000 6.31%
5 Grassi Investment Management 116,881 6,638,000 4.34%
6 BENNICAS & ASSOCIATES, INC. 75,235 4,273,000 2.79%
7 MARSHWINDS ADVISORY CO 73,173 4,155,000 2.72%
8 Cohen Klingenstein LLC 71,475 4,059,000 2.65%
9 TREVOR STEWART BURTON & JACOBSEN INC 39,440 3,654,000 2.39%
10 TIRSCHWELL & LOEWY INC 62,815 3,567,000 2.33%
11 Taylor, Cottrill LLC 61,980 3,520,000 2.30%
12 WENDELL DAVID ASSOCIATES INC 51,269 2,922,000 1.91%
13 JACOBS & CO/CA 45,994 2,611,000 1.71%
14 Parametric Risk Advisors LLC 39,569 2,247,000 1.47%
15 BONTEMPO OHLY CAPITAL MGMT LLC 35,686 2,027,000 1.32%
16 Dorsey & Whitney Trust CO LLC 34,118 1,937,000 1.27%
17 M&R CAPITAL MANAGEMENT INC 33,224 1,887,000 1.23%
18 Yorktown Management & Research Co Inc 25,700 1,460,000 0.95%
19 LAU ASSOCIATES LLC 24,752 1,406,000 0.92%
20 Ironwood Investment Counsel, LLC 23,075 1,310,000 0.86%
21 GLYNN CAPITAL MANAGEMENT LLC 23,068 1,310,000 0.86%
22 Hanson & Doremus Investment Management 22,887 1,300,000 0.85%
23 Welch Group, LLC 18,128 1,029,000 0.67%
24 BALASA DINVERNO & FOLTZ LLC 16,368 930,000 0.61%
25 Palisade Asset Management, LLC 16,027 910,000 0.59%
26 MARATHON CAPITAL MANAGEMENT 13,561 770,000 0.50%
27 Curbstone Financial Management Corp 11,905 676,000 0.44%
28 BAXTER BROS INC 11,007 625,000 0.41%
29 FULTON BREAKEFIELD BROENNIMAN LLC 10,162 577,000 0.38%
30 West Oak Capital, LLC 8,846 502,364 0.33%
31 GRIMES & Co WEALTH MANAGEMENT, LLC 7,149 406,000 0.27%
32 PRENTISS SMITH & CO INC 5,434 309,000 0.20%
33 Mengis Capital Management, Inc. 4,344 246,000 0.16%
34 Northeast Financial Consultants Inc 4,105 233,000 0.15%
35 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 2,352 133,000 0.09%
36 Nelson Capital Management, LLC 2,245 127,000 0.08%
37 Glassman Wealth Services 2,091 119,000 0.08%
38 AlphaMark Advisors, LLC 800 45,000 0.03%
39 D'Orazio & Associates, Inc. 467 26,000 0.02%
40 America First Investment Advisors, LLC 300 17,000 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.