MERCURY SYS INC MRCY
COM · Common Stock · CUSIP 589378108 · ISIN US5893781089
Defense-related information technology company
* 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 ($9.6m this quarter). Holder counts are more reliable. Shares outstanding: 60.1m as of 2026-07-31, 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 ≈ $122.13. Options: 10 managers hold calls ($24.8m notional), 10 hold puts ($19.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 236 |
| Q4 2022 | 236 |
| Q1 2023 | 246 |
| Q2 2023 | 238 |
| Q3 2023 | 218 |
| Q4 2023 | 220 |
| Q1 2024 | 223 |
| Q2 2024 | 233 |
| Q3 2024 | 246 |
| Q4 2024 | 244 |
| Q1 2025 | 254 |
| Q2 2025 | 286 |
| Q3 2025 | 326 |
| Q4 2025 | 347 |
| Q1 2026 | 357 |
| Q2 2026 | 392 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 109 | 115 |
| Q4 2024 | 104 | 115 |
| Q1 2025 | 120 | 119 |
| Q2 2025 | 168 | 96 |
| Q3 2025 | 175 | 135 |
| Q4 2025 | 169 | 143 |
| Q1 2026 | 183 | 163 |
| Q2 2026 | 210 | 175 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $9.8m | $8.5m | 0.87 |
| Q4 2025 | $8.6m | $7.2m | 0.84 |
| Q1 2026 | $9.9m | $8.2m | 0.83 |
| Q2 2026 | $24.8m | $19.3m | 0.78 |
Biggest buyers
| FMR LLC | Added | +938.4k |
| AMERICAN CAPITAL MANAGEMENT INC | New | +486.1k |
| BlackRock, Inc. | Added | +450.6k |
| FRANKLIN RESOURCES INC | Added | +393.1k |
| GOLDMAN SACHS GROUP INC | Added | +374.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +257.0k |
| Invesco Ltd. | Added | +227.9k |
| Driehaus Capital Management LLC | Added | +193.3k |
| Swedbank AB | Added | +189.0k |
| MORGAN STANLEY | Added | +140.2k |
Biggest sellers
| AMERIPRISE FINANCIAL INC | Reduced | -492.6k |
| STATE STREET CORP | Reduced | -447.4k |
| Conestoga Capital Advisors, LLC | Reduced | -431.4k |
| JENNISON ASSOCIATES LLC | Reduced | -333.2k |
| CITADEL ADVISORS LLC | Sold out | -292.9k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -199.2k |
| JANA Partners Management, LP | Reduced | -148.6k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -146.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Reduced | -143.5k |
| ROYAL BANK OF CANADA | Reduced | -138.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.7m54.5k shares |
| IMC-Chicago, LLC | Added | $6.0m49.0k shares |
| CITADEL ADVISORS LLC | Reduced | $5.9m48.4k shares |
| TUDOR INVESTMENT CORP ET AL | New | $3.1m25.6k shares |
| JANE STREET GROUP, LLC | Reduced | $1.3m10.3k shares |
| GROUP ONE TRADING LLC | Added | $636.1k5.2k shares |
| Tidal Investments LLC | Added | $575.0k4.7k shares |
| Walleye Trading LLC | Added | $330.3k2.7k shares |
| Walleye Capital LLC | Added | $256.9k2.1k shares |
| PEAK6 LLC | New | $12.2k100 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m42.9k shares |
| CITADEL ADVISORS LLC | Added | $4.0m32.4k shares |
| IMC-Chicago, LLC | Added | $3.4m27.5k shares |
| TUDOR INVESTMENT CORP ET AL | New | $3.1m25.2k shares |
| Walleye Trading LLC | Added | $1.2m10.1k shares |
| JANE STREET GROUP, LLC | Reduced | $1.1m9.2k shares |
| GROUP ONE TRADING LLC | Added | $831.8k6.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $281.4k2.3k shares |
| Twin Tree Management, LP | New | $85.6k700 shares |
| Walleye Capital LLC | Reduced | $48.9k400 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 |
|---|---|
| BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-07-29 | 14.4% |
| JANA Partners Management, LP 13D · may seek influence -1.4 pts · filed 2026-03-04 | 6.9% |
| STATE STREET CORP 13G · institution +1.4 pts · filed 2026-05-12 | 6.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC (4.2%, 2025-11-12)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $59.2k | — |
| Q1 2025 | 0 | — | 3 | $234.5k | — |
| Q2 2025 | 0 | — | 3 | $9.1m | — |
| Q3 2025 | 0 | — | 6 | $55.5m | — |
| Q4 2025 | 0 | — | 3 | $75.7m | — |
| Q1 2026 | 0 | — | 4 | $74.5m | — |
| Q2 2026 | 0 | — | 4 | $2.0m | — |
| Q3 2026 | 0 | — | 5 | $41.8m | $181.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-21 | KUPINSKY STUART EVP, CLO & Corp Sec | Sold plan | $86.5k1.0k shares |
| 2026-09-03 | Ratner Steven EVP, CHRO | Sold | $338.0k4.0k shares |
| 2026-08-26 | Ballhaus William L Chairman, President & CEO, director | Sold | $4.4m49.1k shares |
| 2026-08-25 | Ballhaus William L Chairman, President & CEO, director | Sold | $9.7m111.1k shares |
| 2026-08-24 | Ballhaus William L Chairman, President & CEO, director | Sold | $9.7m108.2k shares |
| 2026-08-21 | Ballhaus William L Chairman, President & CEO, director | Sold | $6.0m65.0k shares |
| 2026-08-21 | KUPINSKY STUART EVP, CLO & Corp Sec | Sold plan | $95.2k1.0k shares |
| 2026-08-21 | Ratner Steven EVP, CHRO · 401K Plan | Sold | $32.5k356 shares |
| 2026-08-20 | Ballhaus William L Chairman, President & CEO, director | Sold | $2.1m22.0k shares |
| 2026-08-20 | Farnsworth David E. EVP, CFO | Sold | $645.8k6.6k shares |
| 2026-08-20 | Ratner Steven EVP, CHRO | Sold | $100.2k1.0k shares |
| 2026-08-20 | Munro Douglas SVP, CAO | Sold | $10.6k109 shares |
| 2026-08-19 | Ballhaus William L Chairman, President & CEO, director | Sold | $2.7m26.8k shares |
| 2026-08-19 | Farnsworth David E. EVP, CFO | Sold | $818.0k8.2k shares |
| 2026-08-19 | Ratner Steven EVP, CHRO | Sold | $219.4k2.2k shares |
| 2026-08-19 | KUPINSKY STUART EVP, CLO & Corp Sec | Sold | $131.2k1.3k shares |
| 2026-08-19 | Munro Douglas SVP, CAO | Sold | $55.0k548 shares |
| 2026-08-18 | Ballhaus William L Chairman, President & CEO, director | Sold | $2.7m24.1k shares |
| 2026-08-18 | Farnsworth David E. EVP, CFO | Sold | $818.2k7.3k shares |
| 2026-08-18 | Ratner Steven EVP, CHRO | Sold | $219.5k2.0k shares |
| 2026-08-18 | KUPINSKY STUART EVP, CLO & Corp Sec | Sold | $131.2k1.2k shares |
| 2026-08-17 | Ballhaus William L Chairman, President & CEO, director | Sold | $388.8k3.5k shares |
| 2026-08-17 | Farnsworth David E. EVP, CFO | Sold | $147.9k1.3k shares |
| 2026-08-17 | KUPINSKY STUART EVP, CLO & Corp Sec | Sold | $131.4k1.2k shares |
| 2026-08-17 | Ratner Steven EVP, CHRO | Sold | $119.2k1.1k shares |
| 2026-05-26 | LANCE HOWARD L Director · By The Howard L. Lance Revocable Living Trust Dated 9/1/2006 | Sold | $922.7k9.2k shares |
| 2026-05-12 | Carvalho Orlando D Director | Sold | $625.5k7.0k shares |
| 2026-05-11 | Ratner Steven EVP, CHRO | Sold | $184.9k2.0k shares |
| 2026-04-16 | Farnsworth David E. EVP, CFO | Sold | $307.7k3.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 9.4m $1.1bn | Added +450.6k |
| JANA Partners Management, LP 25.46% of their portfolio | 4.0m $484.3m | Reduced -148.6k |
| STATE STREET CORP 0.01% of their portfolio | 3.4m $418.0m | Reduced -447.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 3.0m $370.8m | Added +120.6k |
| Invesco Ltd. 0.03% of their portfolio | 2.7m $326.6m | Added +227.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 2.4m $296.4m | Added +18.8k |
| FMR LLC 0.01% of their portfolio | 1.8m $225.3m | Added +938.4k |
| T. Rowe Price Investment Management, Inc. 0.13% of their portfolio | 1.6m $195.2m | Added +15.9k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.6m $192.8m | Added +374.6k |
| Conestoga Capital Advisors, LLC 3.96% of their portfolio | 1.5m $181.9m | Reduced -431.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.5m $178.6m | Reduced -66.1k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 1.3m $158.9m | Added +138.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.3m $157.3m | Added +257.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.2m $141.4m | Reduced -71.3k |
| SEGALL BRYANT & HAMILL, LLC 1.49% of their portfolio | 1.0m $125.9m | Added +94.7k |
| Fisher Asset Management, LLC 0.03% of their portfolio | 944.1k $115.5m | Reduced -36.3k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 846.7k $103.6m | Added +393.1k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 841.6k $102.1m | Reduced -68.9k |
| MORGAN STANLEY 0.01% of their portfolio | 811.6k $99.3m | Added +140.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 775.5k $94.9m | Added +20.0k |
| VAN ECK ASSOCIATES CORP 0.06% of their portfolio | 763.0k $93.3m | Reduced -88.2k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 748.8k $91.6m | Reduced -45.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.10% of their portfolio | 716.0k $87.6m | Reduced -143.5k |
| LOOMIS SAYLES & CO L P 0.10% of their portfolio | 681.1k $83.3m | Added +35.2k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 665.0k $81.3m | Added +82.1k |
| LORD, ABBETT & CO. LLC 0.23% of their portfolio | 661.7k $80.9m | Added +19.2k |
| EMERALD ADVISERS, LLC 1.84% of their portfolio | 638.7k $78.1m | Added +43.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 627.6k $76.8m | Reduced -8.4k |
| BAMCO INC /NY/ 0.11% of their portfolio | 606.9k $74.2m | Reduced -38.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 597.8k $73.1m | Added +49.7k |
| KENNEDY CAPITAL MANAGEMENT LLC 1.28% of their portfolio | 591.8k $72.4m | Added +2.6k |
| SNYDER CAPITAL MANAGEMENT L P 1.20% of their portfolio | 566.2k $69.3m | Reduced -14.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 499.2k $61.1m | Reduced -492.6k |
| Driehaus Capital Management LLC 0.35% of their portfolio | 487.9k $59.7m | Added +193.3k |
| AMERICAN CAPITAL MANAGEMENT INC 2.67% of their portfolio | 486.1k $59.5m | New |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 474.9k $58.4m | Reduced -98.6k |
| BESSEMER GROUP INC 0.08% of their portfolio | 456.8k $55.9m | Added +7.1k |
| EMERALD MUTUAL FUND ADVISERS TRUST 1.77% of their portfolio | 412.4k $50.4m | Added +36.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 410.1k $50.2m | Reduced -199.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 394.1k $48.2m | Reduced -138.6k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.99% of their portfolio | 392.7k $48.0m | Added +1.7k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 382.8k $46.8m | Added +33.6k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 379.7k $46.5m | Added +52.4k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 372.8k $45.6m | Added +18.6k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 354.9k $43.4m | Reduced -333.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 314.2k $38.4m | Reduced -182 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.23% of their portfolio | 285.6k $34.9m | Reduced -24.6k |
| UBS Group AG 0.01% of their portfolio | 274.8k $33.6m | Added +41.7k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 261.7k $32.0m | Reduced -109.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 258.6k $31.6m | Added +1.5k |
| Swedbank AB 0.03% of their portfolio | 244.3k $29.9m | Added +189.0k |
| Aristotle Capital Boston, LLC 2.00% of their portfolio | 244.2k $29.9m | Reduced -22.2k |
| ROYCE & ASSOCIATES LP 0.23% of their portfolio | 238.3k $29.2m | Added +18.3k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.11% of their portfolio | 228.8k $28.0m | Added +18.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 223.5k $27.3m | Reduced -71.4k |
| FIFTH THIRD BANCORP 0.04% of their portfolio | 222.4k $27.2m | Reduced -44.7k |
| WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 219.3k $24.2m | Reduced -4 |
| Thrivent Financial for Lutherans 0.04% of their portfolio | 207.0k $25.3m | Added +67.2k |
| AXIOM INVESTORS LLC /DE 0.22% of their portfolio | 204.4k $25.0m | Reduced -6.6k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 200.9k $24.6m | Reduced -10.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 193.5k $21.6m | Reduced -54.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 193.1k $23.6m | Reduced -32.5k |
| Nuveen, LLC 0.01% of their portfolio | 186.6k $22.8m | Reduced -45.2k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 181.5k $22.2m | Reduced -7.4k |
| MetLife Investment Management, LLC 0.10% of their portfolio | 173.5k $21.2m | Reduced -122.2k |
| Select Equity Group, L.P. 0.11% of their portfolio | 165.3k $20.2m | Added +81.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 158.2k $19.4m | Added +2.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 142.7k $17.5m | Added +15.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.03% of their portfolio | 142.0k $17.4m | Reduced -146.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 137.0k $16.8m | Added +13.3k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.54% of their portfolio | 135.1k $16.5m | Reduced -1.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 133.2k $16.3m | Reduced -60.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 127.9k $15.6m | Reduced -16.9k |
| Legal & General Group Plc 0.00% of their portfolio | 126.3k $15.4m | Reduced -25.4k |
| Vident Advisory, LLC 0.11% of their portfolio | 123.3k $15.1m | Reduced -4.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 122.6k $15.0m | Added +6.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 115.3k $14.1m | New |
| DF DENT & CO INC 0.26% of their portfolio | 113.6k $13.9m | New |
| Man Group plc 0.02% of their portfolio | 110.6k $13.5m | Reduced -34.1k |
| Swiss National Bank 0.01% of their portfolio | 108.4k $13.3m | Added +1.5k |
| AGMAN CAPITAL LLC 7.90% of their portfolio | 102.4k $12.5m | Reduced -6.2k |
| Heights Point Management, LP 9.77% of their portfolio | 100.4k $12.3m | Reduced -21.5k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 0.31% of their portfolio | 98.1k $12.0m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 93.9k $11.5m | Reduced -16.5k |
| Freshford Capital Management, LLC 3.92% of their portfolio | 93.8k $11.5m | Reduced -60.3k |
| Penserra Capital Management LLC 0.08% of their portfolio | 80.6k $9.9m | Added +11.8k |
| BLAIR WILLIAM & CO/IL 0.02% of their portfolio | 77.7k $9.5m | Reduced -1.1k |
| Quantinno Capital Management LP 0.01% of their portfolio | 76.1k $9.3m | Added +10.1k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 71.9k $8.8m | Reduced -90.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 71.6k $5.2m | Added +10.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 67.3k $8.2m | Reduced -9.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 65.7k $7.6m | Added +1.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 62.4k $7.6m | Reduced -1.2k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 61.8k $7.6m | Added +6.9k |
| DEEPWATER ASSET MANAGEMENT, LLC 3.40% of their portfolio | 61.2k $7.5m | Added +4.5k |
| 13D Management LLC 10.37% of their portfolio | 60.5k $7.4m | Unchanged |
| Cerity Partners LLC 0.01% of their portfolio | 60.4k $7.4m | Reduced -317 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 55.2k $6.7m | Added +950 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 55.2k $6.3m | Reduced -12.1k |
| Pier Capital, LLC 0.89% of their portfolio | 55.1k $6.7m | Reduced -902 |