William Blair Investment Management Holds 6.5% Stake in Merit Medical

TL;DR

**William Blair still owns 6.5% of Merit Medical, signaling continued institutional confidence.**

AI Summary

William Blair Investment Management, LLC, an investment firm based in Chicago, DE, has updated its holdings in Merit Medical Systems Inc. As of December 31, 2023, William Blair beneficially owns 3,791,089 shares of Merit Medical's Common Stock, representing 6.5% of the company. This is an amendment (Amendment No. 3) to their previous filing, indicating a change in their ownership stake. This matters to investors because a significant institutional holder like William Blair maintaining a substantial position can signal confidence in the company's future, potentially influencing other investors' perceptions and the stock's stability.

Why It Matters

This filing shows a major institutional investor's continued significant stake in Merit Medical, which can be seen as a vote of confidence in the company's long-term prospects. Investors often watch institutional ownership as an indicator of a stock's perceived value.

Risk Assessment

Risk Level: low — This filing is an update on institutional ownership and does not introduce new financial risks or operational changes for the company.

Analyst Insight

Investors should note that a major institutional investor, William Blair, continues to hold a substantial stake in Merit Medical. This could be a positive signal, but further research into Merit Medical's financials and future prospects is warranted before making investment decisions.

Key Numbers

• 3,791,089 — shares beneficially owned (total shares of Merit Medical Systems Inc Common Stock held by William Blair Investment Management, LLC)
• 6.5% — percentage of class (percentage of Merit Medical Systems Inc Common Stock beneficially owned by William Blair Investment Management, LLC)
• 3,307,216 — sole voting power shares (shares over which William Blair Investment Management, LLC has sole voting power)
• December 31, 2023 — date of event (the date as of which the ownership information is reported)
• 589889104 — CUSIP Number (unique identification number for Merit Medical Systems Inc Common Stock)

Key Players & Entities

• William Blair Investment Management, LLC (company) — reporting person, institutional investor
• Merit Medical Systems Inc (company) — subject company, issuer of securities
• Delaware (company) — place of organization for William Blair Investment Management, LLC
• Chicago (company) — city of business address for William Blair Investment Management, LLC
• South Jordan (company) — city of business address for Merit Medical Systems Inc

Forward-Looking Statements

• William Blair Investment Management, LLC will maintain a significant stake in Merit Medical Systems Inc. (William Blair Investment Management, LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tm245766d7_sc13ga.htm (SC 13G/A) — 51KB
• 0001104659-24-014985.txt ( ) — 53KB

(a)

Item 1(a). Name of Issuer: Merit Medical Systems Inc

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 1600 West Merit Parkway, South Jordan, UT 84095

(a)

Item 2(a). Name of Person Filing: William Blair Investment Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 150 North Riverside Plaza, Chicago, IL 60606

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 589889104 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. CUSIP: 589889104 Page 4 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,791,089 (b) Percent of class: 6.6% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 3,307,216 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 3,791,089 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.

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View this SC 13G/A filing on SEC EDGAR