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: 66.4m as of 2023-05-03, 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 ≈ $9.77. Options: 6 managers hold calls ($1.8m notional), 4 hold puts ($236.7k).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 153 |
| Q4 2022 | 144 |
| Q1 2023 | 134 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 71 | 79 |
| Q1 2023 | 64 | 76 |
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 |
| Q1 2023 | $1.8m | $236.7k | 0.14 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +555.5k |
| Huber Capital Management LLC | Added | +491.1k |
| Pacer Advisors, Inc. | Added | +477.0k |
| Boundary Creek Advisors LP | Added | +327.7k |
| Foundry Partners, LLC | New | +327.0k |
| OPPENHEIMER & CO INC | Added | +273.1k |
| FRANKLIN RESOURCES INC | Added | +173.8k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +112.3k |
| Engineers Gate Manager LP | Added | +89.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +88.8k |
Biggest sellers
| LAZARD ASSET MANAGEMENT LLC | Reduced | -524.1k |
| BlackRock Inc. | Reduced | -301.2k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -256.2k |
| PICTET ASSET MANAGEMENT SA | Reduced | -190.7k |
| ACADIAN ASSET MANAGEMENT LLC | Sold out | -188.8k |
| Allianz Asset Management GmbH | Reduced | -153.8k |
| MORGAN STANLEY | Reduced | -146.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -144.7k |
| SEI INVESTMENTS CO | Reduced | -141.4k |
| CITADEL ADVISORS LLC | Reduced | -140.3k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $654.9k67.0k shares |
| PEAK6 Investments LLC | Reduced | $514.2k52.6k shares |
| CITADEL ADVISORS LLC | Reduced | $332.4k34.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $219.1k22.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $31.0k3.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $202.4k20.7k shares |
| CITADEL ADVISORS LLC | Reduced | $32.3k3.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.0k300 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 Q1 2023
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| IAT REINSURANCE CO LTD. 32.96% of their portfolio | 16.5m $161.1m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 4.7m $45.7m | Reduced -256.2k |
| BlackRock Inc. 0.00% of their portfolio | 4.6m $45.1m | Reduced -301.2k |
| Atlas FRM LLC 4.28% of their portfolio | 2.2m $21.5m | Unchanged |
| WASATCH ADVISORS LP 0.12% of their portfolio | 2.0m $19.6m | Added +4.9k |
| REDWOOD CAPITAL MANAGEMENT, LLC 2.75% of their portfolio | 1.9m $18.6m | Unchanged |
| Huber Capital Management LLC 3.91% of their portfolio | 1.6m $15.8m | Added +491.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.6m $15.4m | Reduced -73.3k |
| Pacer Advisors, Inc. 0.06% of their portfolio | 1.5m $14.9m | Added +477.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.3m $13.1m | Reduced -586 |
| PICTET ASSET MANAGEMENT SA 0.01% of their portfolio | 1.2m $11.3m | Reduced -190.7k |
| Invesco Ltd. 0.00% of their portfolio | 1.1m $10.7m | Added +81.9k |
| STATE STREET CORP 0.00% of their portfolio | 869.2k $8.6m | Added +29.5k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 793.5k $7.8m | Reduced -153.8k |
| Boundary Creek Advisors LP 3.17% of their portfolio | 717.5k $7.0m | Added +327.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 706.7k $6.9m | Added +555.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 689.0k $6.7m | Added +112.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 616.1k $6.0m | Added +53.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 583.0k $5.6m | Added +72.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 541.7k $5.3m | Reduced -71.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.13% of their portfolio | 510.8k $5.0m | Reduced -135.3k |
| Merrion Investment Management Co, LLC 4.15% of their portfolio | 444.9k $4.3m | Added +13.9k |
| OPPENHEIMER & CO INC 0.09% of their portfolio | 439.1k $4.3m | Added +273.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 423.7k $4.1m | Added +6.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 366.5k $3.6m | Added +173.8k |
| Keeley-Teton Advisors, LLC 0.40% of their portfolio | 329.8k $3.2m | Reduced -10.4k |
| Foundry Partners, LLC 0.20% of their portfolio | 327.0k $3.2m | New |
| Skandinaviska Enskilda Banken AB (publ) 0.02% of their portfolio | 323.6k $3.2m | Reduced -51.5k |
| AEGIS FINANCIAL CORP 2.35% of their portfolio | 309.7k $3.0m | Added +11.2k |
| MORGAN STANLEY 0.00% of their portfolio | 248.9k $2.4m | Reduced -146.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 242.1k $2.4m | Added +12.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 240.0k $2.3m | Reduced -4.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 222.0k $2.2m | Reduced -10.9k |
| SHUFRO ROSE & CO LLC 0.17% of their portfolio | 188.8k $1.8m | Added +5.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 170.5k $1.7m | Added +7.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 165.0k $1.6m | Added +88.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 154.9k $1.5m | Reduced -1.8k |
| TD Asset Management Inc 0.00% of their portfolio | 144.2k $1.4m | Added +8.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 136.7k $1.3m | Added +1.8k |
| WINTON GROUP Ltd 0.07% of their portfolio | 120.7k $1.2m | Added +29.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 117.7k $1.1m | Reduced -524.1k |
| Legal & General Group Plc 0.00% of their portfolio | 106.0k $1.0m | Added +6.3k |
| Engineers Gate Manager LP 0.04% of their portfolio | 103.3k $1.0m | Added +89.5k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 98.9k $967.1k | Added +56.8k |
| Swiss National Bank 0.00% of their portfolio | 92.9k $907.8k | Reduced -10.9k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 82.1k $802.0k | Reduced -31.6k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 79.9k $780.9k | Reduced -13.3k |
| WHITEBOX ADVISORS LLC 0.04% of their portfolio | 79.4k $776.0k | Added +5.0k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 77.6k $759.0k | Reduced -3.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 76.7k $749.7k | Reduced -49.0k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 71.0k $693.9k | Reduced -2.4k |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 66.5k $651.0k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 65.5k $640.0k | Added +4.0k |
| EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio | 62.2k $608.4k | Added +11.9k |
| North Star Investment Management Corp. 0.05% of their portfolio | 62.1k $606.9k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 58.6k $572.3k | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 56.5k $552.0k | Reduced -3.4k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 54.4k $532.2k | Added +6.6k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 47.6k $465.7k | Reduced -3.5k |
| Versor Investments LP 0.06% of their portfolio | 46.2k $452.0k | New |
| B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio | 44.4k $433.9k | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 44.1k $431.0k | Added +16.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 42.7k $417.7k | Reduced -460 |
| HANCOCK WHITNEY CORP 0.02% of their portfolio | 41.8k $409.0k | Added +6.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 37.8k $369.3k | Added +389 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 36.2k $353.9k | Reduced -1.4k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.00% of their portfolio | 34.2k $334.2k | Added +7.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 33.3k $325.3k | Reduced -65.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 30.6k $299.3k | Added +11.9k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 27.6k $270.0k | Reduced -466 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 27.2k $266.0k | Added +503 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 25.7k $251.6k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 25.3k $247.3k | Reduced -141.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 25.0k $245.0k | Reduced -200 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 24.0k $234.1k | Reduced -140.3k |
| CITIGROUP INC 0.00% of their portfolio | 23.9k $233.4k | Reduced -5.4k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 22.5k $219.8k | Reduced -2.9k |
| Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio | 21.3k $206.0k | Added +15.5k |
| Quent Capital, LLC 0.03% of their portfolio | 20.5k $197.8k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 20.2k $198.0k | Added +2.4k |
| Louisiana State Employees Retirement System 0.00% of their portfolio | 18.8k $183.8k | Reduced -400 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 18.6k $182.3k | New |
| SHELL ASSET MANAGEMENT CO 0.01% of their portfolio | 16.9k $165.0k | Reduced -59 |
| Maryland State Retirement & Pension System 0.00% of their portfolio | 16.6k $162.8k | Unchanged |
| HERITAGE INVESTORS MANAGEMENT CORP 0.01% of their portfolio | 15.1k $148.0k | Reduced -2 |
| LPL Financial LLC 0.00% of their portfolio | 14.8k $144.3k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 14.6k $143.0k | Reduced -1.5k |
| HighTower Advisors, LLC 0.00% of their portfolio | 14.5k $142.0k | Added +149 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 14.0k $137.0k | Unchanged |
| Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio | 14.0k $137.1k | New |
| Lansing Street Advisors 0.08% of their portfolio | 13.6k $132.5k | Unchanged |
| OREGON PUBLIC EMPLOYEES RETIREMENT FUND 0.00% of their portfolio | 13.3k $130.4k | Reduced -30 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 12.8k $125.3k | Added +12.5k |
| AMALGAMATED BANK 0.00% of their portfolio | 12.7k $124.0k | Reduced -405 |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 12.5k $121.8k | Added +325 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 12.5k $122.0k | Reduced -28.4k |
| Cornerstone Investment Partners, LLC 0.01% of their portfolio | 12.3k $120.3k | Reduced -1.9k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 11.4k $112.0k | Added +9.2k |
| Mariner, LLC 0.00% of their portfolio | 11.4k $112.0k | Reduced -409 |
| Petrus Trust Company, LTA 0.01% of their portfolio | 11.3k $110.6k | Unchanged |