As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Merck & Co., Inc.: Jane Street Group LLC, CTC LLC, Goldman Sachs Group Inc., Parallax Volatility Advisers L.P., Millennium Management LLC, Cubist Systematic Strategies LLC, Caption Management LLC, MAI Capital Management, Twin Tree Management LP, Susquehanna International Group LLP, BNP Paribas Financial Markets, Eisler Capital Management Ltd., PEAK6 LLC, Jane Street Group LLC, Walleye Trading LLC, Walleye Capital LLC, Capital Fund Management S.A., Garda Capital Partners LP, Credit Agricole S A, Maven Securities LTD, Marathon Trading Investment Management LLC, Persistent Asset Partners Ltd, Arrowpoint Investment Partners Singapore Pte. Ltd., Simplex Trading LLC, JPMorgan Chase & Co., Wolverine Asset Management LLC, Citigroup Inc., XY Capital Ltd, Delta Accumulation LLC, Gladius Capital Management LP, Jefferies Financial Group Inc., Readystate Asset Management LP, Allianz Asset Management GmbH, Concurrent Investment Advisors LLC, Fulcrum Asset Management LLP, IMC Chicago LLC, and Insight Advisors LLC PA. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.