13F

Position

CONNING INC. in Merck & Co., Inc.

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark $5.01M$105.26$120.29

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 2025353K$37.2M1.2%
Q1 2026333K$40.1M$120.29$5.01M−$2.1M1.3%