MERIX
The Merger Fund Institutional Class
1W: +0.0%
1M: +0.5%
3M: +1.7%
YTD: +3.2%
1Y: -3.2%
3Y: +9.4%
5Y: +13.7%
$17.55
+0.02 (+0.11%)
Weekly Expected Move ±0.6%
$17
$17
$18
$18
$18
ETF-Level Metrics
AUM$2.6B
Holdings203
Top 10 Wt41.6%
Beta0.01
% Profitable8%
Coverage68%
Portfolio Valuation
P/E63.6
P/B4.1
P/S3.5
EV/EBITDA8.4
P/FCF30.4
PEG8.58
Profitability & Returns
Gross Margin60.0%
Net Margin2.2%
ROE2.5%
ROA0.7%
ROIC-881.0%
Div Yield0.55%
Leverage & Liquidity
Debt/Equity0.84
Debt/Assets0.24
Net Debt/EBITDA1.6x
Interest Cov1.5x
Current Ratio0.56
Quick Ratio0.54
Growth (YoY)
Revenue+16.4%
Net Income+6.3%
EPS+13.4%
FCF-1.6%
EBITDA-0.1%
Rev CAGR 3Y+8.4%
Quality Scores
Piotroski F4.8
Altman Z107.43
IS Quality59.6
IS Overall43.6
IS Value44.7
Median P/E36.9
Sector Breakdown
9 sectors| Sector | # Holdings | Total Weight % | Avg P/E |
|---|---|---|---|
| Financial Services | 199 | 43.3% | 68.5 |
| Other | 94 | 17.3% | — |
| Industrials | 6 | 11.9% | -16.5 |
| Communication Services | 3 | 11.8% | -10.5 |
| Technology | 5 | 9.2% | 17.3 |
| Healthcare | 6 | 3.2% | 47.8 |
| Consumer Cyclical | 1 | 1.5% | 12.3 |
| Energy | 3 | 1.5% | 10.7 |
| Consumer Defensive | 2 | 0.3% | 7.8 |
Smart Money Overlap
1 holdings with signals| Symbol | Company | Weight % | Signals | Badge | Insider Buys | Congress | Since Signal |
|---|---|---|---|---|---|---|---|
| DVN | Devon Energy Corporation | -0.68% | 4 | Bullish | 1 | 2 | -3.5% |
Showing 50 of 319 holdings
· Page 1 of 7
| # | Name | Ticker | Weight % ▼ | Mkt Value | Shares | P/E | Mkt Cap | Sector |
|---|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs Financial Square Funds - Treasury Instruments Fund - Standard Shares (seven-day effect Bond | — | 8.10% | $192.8M | 192,800,000 | — | — | — |
| 2 | Endeavor Group Holdings, Inc. Class A | EDR | 6.03% | $143.5M | 4,740,188 | -11.4 | $9.5B | Communication Services |
| 3 | Electronic Arts, Inc. | EA | 5.66% | $134.7M | 660,873 | 48.4 | $52.9B | Technology |
| 4 | Warner Bros Discovery, Inc. | DISCA | 5.44% | $129.4M | 4,711,588 | -19.1 | — | Communication Services |
| 5 | Norfolk Southern Corp. | NSC | 5.25% | $125.0M | 435,637 | 27.1 | $71.3B | Industrials |
| 6 | Webster Financial Corp. | WBS | 4.50% | $107.2M | 1,544,626 | 12.6 | $12.6B | Financial Services |
| 7 | Virtus Westchester Event-Driven Fund Class I | WCERX | 4.35% | $103.5M | 10,027,381 | — | $130M | Financial Services |
| 8 | Chart Industries, Inc. | GTLS | 4.00% | $95.2M | 460,340 | -233.2 | $10.0B | Industrials |
| 9 | UniFirst Corp. | UNF | 2.24% | $53.3M | 211,770 | 38.0 | $4.6B | Industrials |
| 10 | Clearwater Analytics Holdings, Inc. Class A | CWAN | 2.14% | $51.0M | 2,157,153 | -143.5 | $7.3B | Technology |
| 11 | Coterra Energy, Inc. | CTRA | 1.96% | $46.6M | 1,325,369 | 14.9 | $24.7B | Energy |
| 12 | DigitalBridge Group, Inc. | DBRG | 1.73% | $41.1M | 2,664,540 | 10.1 | $3.0B | Financial Services |
| 13 | Sealed Air Corp. | SEE | 1.50% | $35.7M | 847,851 | 12.3 | $6.2B | Consumer Cyclical |
| 14 | Altaba, Inc. Escrow Private | — | 1.46% | $34.8M | 25,792,925 | — | — | — |
| 15 | ProAssurance Corp. | PRA | 1.35% | $32.2M | 1,302,996 | 19.7 | $1.3B | Financial Services |
| 16 | Goldman Sachs Financial Square Government Fund - Standard Shares (seven-dayeffective yield 3.556%) Private | — | 1.21% | $28.8M | 28,836,498 | — | — | — |
| 17 | Hologic, Inc. | HOLX | 1.19% | $28.3M | 374,704 | 30.3 | $17.0B | Healthcare |
| 18 | Frontier Communications Holdings LLC 144A 6.000%, 1/15/30 Private | — | 0.99% | $23.6M | — | — | — | — |
| 19 | Masimo Corp. | MASI | 0.88% | $20.9M | 117,770 | 125.0 | $9.4B | Healthcare |
| 20 | Agriculture & Natural Solutions Acquisition Corp. | ANSC | 0.88% | $20.9M | 1,852,650 | 38.9 | $476M | Financial Services |
| 21 | Penumbra, Inc. | PEN | 0.86% | $20.6M | 62,650 | 77.6 | $12.5B | Healthcare |
| 22 | Haymaker Acquisition Corp. 4 | HYAC-UN | 0.86% | $20.4M | 1,780,002 | 25.0 | $382M | Financial Services |
| 23 | Kennedy-Wilson, Inc. 5.000%, 3/1/31 Private | — | 0.79% | $18.9M | — | — | — | — |
| 24 | EchoStar Corp. 10.750%, 11/30/29 Private | — | 0.79% | $18.7M | — | — | — | — |
| 25 | Air Lease Corp. Class A | AL | 0.78% | $18.5M | 284,389 | 9.1 | $7.3B | Industrials |
| 26 | Drugs Made In America Acquisition Corp. | DMIIR | 0.72% | $17.1M | 1,627,571 | 0.3 | $4M | Financial Services |
| 27 | Qorvo, Inc. | QRVO | 0.71% | $16.9M | 218,187 | 26.2 | $10.1B | Technology |
| 28 | Frontier Communications Holdings LLC 5.875%, 11/1/29 Private | — | 0.71% | $16.8M | — | — | — | — |
| 29 | K&F Growth Acquisition Corp. II Class A | KFIIR | 0.61% | $14.6M | 1,401,860 | 38.9 | $4M | Financial Services |
| 30 | Sizzle Acquisition Corp. II Class A | SZZL | 0.59% | $14.1M | 1,372,305 | 33.7 | $247M | Financial Services |
| 31 | Exact Sciences Corp. 144A 2.000%, 3/1/30 Private | — | 0.58% | $13.8M | — | — | — | — |
| 32 | Onestream, Inc. Class A | OS | 0.56% | $13.3M | 553,338 | -85.1 | $2.4B | Technology |
| 33 | Kennedy-Wilson, Inc. 4.750%, 2/1/30 Private | — | 0.54% | $12.8M | — | — | — | — |
| 34 | DISH Network Corp. 144A 11.750%, 11/15/27 Private | — | 0.53% | $12.6M | — | — | — | — |
| 35 | Titan Acquisition Corp. Class A | TACH | 0.53% | $12.5M | 1,214,636 | 33.6 | $364M | Financial Services |
| 36 | Kochav Defense Acquisition Corp. Class A | KCHV | 0.51% | $12.1M | 1,178,014 | — | $359M | Financial Services |
| 37 | Soulpower Acquisition Corp. Class A | SOUL | 0.49% | $11.7M | 1,142,683 | 39.5 | $269M | Financial Services |
| 38 | Aldel Financial II, Inc. | ALDF | 0.49% | $11.6M | 1,100,357 | 30.0 | $324M | Financial Services |
| 39 | Globa Terra Acquisition Corp. Class A | GTERA | 0.48% | $11.5M | 1,123,374 | — | $187M | Financial Services |
| 40 | Jackson Acquisition Co. II Class A | RJAC | 0.48% | $11.5M | 1,081,376 | 20.0 | $289M | Financial Services |
| 41 | Oyster Enterprises II Acquisition Corp. Class A | OYSE | 0.48% | $11.4M | 1,112,420 | 31.4 | $353M | Financial Services |
| 42 | GigCapital8 Corp. Class A | GIW | 0.46% | $10.9M | 1,095,713 | — | $261M | Financial Services |
| 43 | Siddhi Acquisition Corp. Class A | SDHI | 0.46% | $10.9M | 1,046,378 | 34.0 | $374M | Financial Services |
| 44 | Andretti Acquisition Corp. II Class A | POLE | 0.45% | $10.8M | 1,010,011 | 40.5 | $317M | Financial Services |
| 45 | Pioneer Acquisition I Corp. Class A | PACH | 0.42% | $10.1M | 993,533 | 27.9 | $329M | Financial Services |
| 46 | Janus Henderson Group plc | JHG.AX | 0.41% | $9.9M | 192,122 | 12.3 | $4.9B | Financial Services |
| 47 | Artius II Acquisition, Inc. Class A | AACBU | 0.41% | $9.8M | 943,963 | 39.6 | $269M | Financial Services |
| 48 | New Providence Acquisition Corp. III Class A | NPAB | 0.40% | $9.6M | 934,526 | 36.3 | $76M | Financial Services |
| 49 | Launch Two Acquisition Corp. Class A | LPBB | 0.40% | $9.4M | 888,665 | 41.3 | $311M | Financial Services |
| 50 | Voyager Acquisition Corp. | VACH | 0.39% | $9.4M | 877,096 | 7.4 | $59M | Financial Services |