Cardano Cuts Stake in Merck After Strong Earnings Beat

Cardano Risk Management B.V. recently filed its second-quarter Form 13F with the Securities and Exchange Commission, revealing that it reduced its stake in Merck & Co., Inc. by 1.0%.

The firm owned 970,317 shares of Merck's stock after selling 9,364 shares during the period. This represents about 1.0% of Cardano Risk Management B.V.'s holdings, making Merck its 27th largest holding.

Cardano Risk Management B.V.'s holdings in Merck & Co., Inc. were worth $124,686,000 as of its most recent filing with the SEC. This is not an isolated move; several other hedge funds also recently adjusted their positions in the company.