Mount Lucas Management’s Mercer International MERC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-3,500	Closed	-$33K	–	149
2016 Q1	$33K	Sell	3,500 -700	-17%	-$6.6K	0.01%	108
2015 Q4	$38K	Buy	+4,200	New	+$38K	0.01%	99