MERCER INTL INC MERC
COM · Common Stock · CUSIP 588056101
- SectorMaterials
- IndustryPulp Mills
- HeadquartersVancouver, Canada
- Founded1968
- Websitemercerint.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 66.2m as of 2023-02-14, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $11.64. Options: 6 managers hold calls ($2.9m notional), 6 hold puts ($2.5m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 153 |
| Q4 2022 | 144 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $2.2m | $3.2m | 1.42 |
| Q4 2022 | $2.9m | $2.5m | 0.87 |
Biggest buyers
| Atlas FRM LLC | Added | +2.0m |
| Pacer Advisors, Inc. | Added | +522.9k |
| WASATCH ADVISORS LP | Added | +512.6k |
| LAZARD ASSET MANAGEMENT LLC | Added | +424.6k |
| Skandinaviska Enskilda Banken AB (publ) | Added | +290.4k |
| Huber Capital Management LLC | Added | +235.7k |
| CITADEL ADVISORS LLC | New | +164.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +114.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +106.5k |
| PICTET ASSET MANAGEMENT SA | Added | +103.7k |
Biggest sellers
| Boundary Creek Advisors LP | Reduced | -817.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -352.3k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -308.7k |
| Amundi | Sold out | -281.0k |
| TWO SIGMA ADVISERS, LP | Reduced | -157.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -140.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -122.6k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -109.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -99.6k |
| Cubist Systematic Strategies, LLC | Sold out | -94.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3m107.9k shares |
| PEAK6 Investments LLC | Added | $835.8k71.8k shares |
| CITADEL ADVISORS LLC | Added | $554.1k47.6k shares |
| GROUP ONE TRADING LLC | New | $119.9k10.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $110.0k9.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 Investments LLC | Added | $2.0m168.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $363.2k31.2k shares |
| CITADEL ADVISORS LLC | Reduced | $173.4k14.9k shares |
| GROUP ONE TRADING LLC | Reduced | $11.6k1.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.0k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
KELLOGG PETER R
13D · may seek influence
+2.4 pts · filed 2026-07-31
Stated purposeOn December 2, 2019, Peter Kellogg (as seller) and Charles Kellogg (as buyer) entered into a Stock Purchase Agreement (the "Purchase Agreement") pursuant to which Peter Kellogg sold to Charles Kellogg all 100,005 issued and outstanding shares of Class A Voting Preferred Stock, par value $1.00 per share, of Goose Creek Capital, Inc., representing all of the voting equity of Goose Creek Capital, Inc. The transaction closed on January 19, 2021, at which time, subject to the oral agreement described in Item 6 below, Charles Kellogg indirectly acquired voting control over the Shares held by Goose Creek Capital, Inc. and its direct and indirect subsidiaries, including IAT Reinsurance Company Ltd., IAT Insurance Group, Inc., Harco National Insurance Company, and Harco's direct and indirect insura… Full filing |
40.2% |
| REDWOOD CAPITAL MANAGEMENT, LLC 13G · passive investor +1.9 pts · filed 2025-11-14 | 6.9% |
| BARCLAYS PLC 13G · institution new · filed 2026-05-14 | 5.8% |
| WHITEBOX ADVISORS LLC 13G · passive investor new · filed 2026-08-14 | 5.4% |
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $144.2k | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 2 | $366.2k | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| IAT REINSURANCE CO LTD. 37.93% of their portfolio | 16.5m $191.8m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 4.9m $57.3m | Added +40.3k |
| BlackRock Inc. 0.00% of their portfolio | 4.9m $57.2m | Reduced -54.0k |
| Atlas FRM LLC 4.97% of their portfolio | 2.2m $25.6m | Added +2.0m |
| WASATCH ADVISORS LP 0.16% of their portfolio | 2.0m $23.3m | Added +512.6k |
| REDWOOD CAPITAL MANAGEMENT, LLC 2.80% of their portfolio | 1.9m $22.1m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.6m $19.2m | Reduced -30.8k |
| PICTET ASSET MANAGEMENT SA 0.02% of their portfolio | 1.3m $15.7m | Added +103.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.3m $15.6m | Reduced -57.0k |
| Huber Capital Management LLC 3.30% of their portfolio | 1.1m $13.1m | Added +235.7k |
| Pacer Advisors, Inc. 0.06% of their portfolio | 1.0m $12.1m | Added +522.9k |
| Invesco Ltd. 0.00% of their portfolio | 1.0m $11.8m | Reduced -91.9k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 947.3k $11.0m | Added +73.7k |
| STATE STREET CORP 0.00% of their portfolio | 839.7k $9.8m | Added +2.7k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.19% of their portfolio | 646.1k $7.5m | Added +50.0k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 641.8k $7.5m | Added +424.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 613.3k $7.1m | Added +1.6k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 576.7k $6.7m | Added +114.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 562.9k $6.6m | Added +92.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 510.1k $5.9m | Added +106.5k |
| Merrion Investment Management Co, LLC 4.67% of their portfolio | 431.0k $5.0m | Added +4.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 417.1k $4.9m | Added +2.9k |
| MORGAN STANLEY 0.00% of their portfolio | 395.4k $4.6m | Reduced -44.2k |
| Boundary Creek Advisors LP 1.98% of their portfolio | 389.9k $4.5m | Reduced -817.7k |
| Skandinaviska Enskilda Banken AB (publ) 0.03% of their portfolio | 375.1k $4.4m | Added +290.4k |
| Keeley-Teton Advisors, LLC 0.49% of their portfolio | 340.2k $4.0m | Reduced -14.9k |
| AEGIS FINANCIAL CORP 3.06% of their portfolio | 298.5k $3.5m | First filing |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 244.7k $2.8m | Reduced -251 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 232.9k $2.7m | Reduced -57.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 229.7k $2.7m | Reduced -2.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 192.6k $2.2m | Reduced -30 |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 188.8k $2.2m | Reduced -308.7k |
| SHUFRO ROSE & CO LLC 0.18% of their portfolio | 183.8k $2.1m | Reduced -3.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 166.7k $1.9m | Reduced -19.1k |
| OPPENHEIMER & CO INC 0.04% of their portfolio | 166.0k $1.9m | Reduced -13.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 164.3k $1.9m | New |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 162.6k $1.9m | Added +3.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 156.7k $1.8m | Reduced -630 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 151.2k $1.8m | Reduced -352.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 144.7k $1.7m | Reduced -122.6k |
| TD Asset Management Inc 0.00% of their portfolio | 136.2k $1.6m | Added +9.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 134.9k $1.6m | Reduced -52.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 125.7k $1.5m | Reduced -140.8k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 113.7k $1.3m | Added +42.2k |
| PEAK6 Investments LLC 0.07% of their portfolio | 108.8k $1.3m | Added +41.2k |
| Swiss National Bank 0.00% of their portfolio | 103.8k $1.2m | Added +2.3k |
| Legal & General Group Plc 0.00% of their portfolio | 99.7k $1.2m | Added +1.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 99.0k $1.2m | Added +18.2k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 93.2k $1.1m | Reduced -54.7k |
| WINTON GROUP Ltd 0.07% of their portfolio | 91.7k $1.1m | Added +21.7k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 80.8k $940.1k | Reduced -5.3k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 79.3k $923.5k | Reduced -157.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 76.1k $886.3k | Reduced -5.2k |
| WHITEBOX ADVISORS LLC 0.03% of their portfolio | 74.4k $865.9k | Added +12.0k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 73.4k $854.7k | Reduced -1.2k |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 66.5k $775.0k | Added +40.9k |
| North Star Investment Management Corp. 0.06% of their portfolio | 62.1k $722.6k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 61.4k $715.0k | Reduced -2.7k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 59.9k $699.0k | Added +6.2k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 51.2k $595.0k | Added +23.3k |
| EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio | 50.3k $585.5k | Added +1.7k |
| Campbell & CO Investment Adviser LLC 0.14% of their portfolio | 49.9k $581.0k | Added +5.0k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 47.8k $556.4k | Added +14.8k |
| B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio | 44.4k $516.7k | Added +17.9k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 43.9k $510.6k | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 43.2k $503.0k | Added +6.4k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 42.1k $490.5k | New |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 40.9k $476.0k | Reduced -77.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 37.6k $437.9k | Reduced -550 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 37.4k $435.3k | Added +398 |
| HANCOCK WHITNEY CORP 0.02% of their portfolio | 35.4k $411.0k | Reduced -6.5k |
| Livforsakringsbolaget Skandia, Omsesidigt 0.04% of their portfolio | 33.0k $384.1k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 29.3k $340.6k | Added +5.7k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 28.1k $327.0k | Added +161 |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 27.4k $319.0k | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.00% of their portfolio | 27.1k $316.0k | Reduced -1.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 26.7k $310.9k | Added +10.8k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 25.4k $295.3k | Reduced -7.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 25.2k $294.0k | Added +100 |
| Kula Investments, LLC 0.08% of their portfolio | 24.5k $284.9k | First filing |
| COMERICA BANK 0.00% of their portfolio | 24.0k $294.0k | Reduced -6.9k |
| Lido Advisors, LLC 0.00% of their portfolio | 23.7k $275.4k | Added +2.7k |
| Gyon Technologies Capital Management, LP 0.10% of their portfolio | 22.8k $265.0k | New |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 21.6k $251.0k | Reduced -6.1k |
| Quent Capital, LLC 0.04% of their portfolio | 20.5k $238.6k | Added +3.0k |
| UBS Group AG 0.00% of their portfolio | 20.4k $237.6k | Added +2.8k |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 19.2k $223.0k | Reduced -100 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 18.7k $218.0k | Reduced -53.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 17.8k $208.0k | Reduced -10.4k |
| SHELL ASSET MANAGEMENT CO 0.01% of their portfolio | 17.0k $197.0k | Reduced -3.9k |
| Maryland State Retirement & Pension System 0.01% of their portfolio | 16.6k $193.8k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 16.1k $188.0k | Unchanged |
| SG Americas Securities, LLC 0.00% of their portfolio | 15.8k $184.0k | New |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 15.4k $179.7k | New |
| State of Wyoming 0.06% of their portfolio | 15.2k $176.5k | Added +4.9k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.01% of their portfolio | 15.1k $176.0k | Reduced -2 |
| HighTower Advisors, LLC 0.00% of their portfolio | 14.4k $166.0k | New |
| Cornerstone Investment Partners, LLC 0.01% of their portfolio | 14.2k $164.9k | Reduced -500 |
| MQS Management LLC 0.11% of their portfolio | 14.1k $163.7k | Added +948 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 14.0k $163.0k | Unchanged |