Stocks
Alyeska Investment Group Raises Merck Stake to Over $318 Million
Alyeska Investment Group L.P. increased its stake in Merck & Co., Inc. (NYSE:MRK) by 7.6% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission.
The firm owned approximately 0.8% of Alyeska's portfolio and 2,480,590 shares of Merck & Co.'s stock after purchasing an additional 175,016 shares during the quarter.
This represents a significant stake for Alyeska, with the stock valued at $318,756,000 at the end of the most recent reporting period.