Mercer International
MERC
99 hedge funds and large institutions have $613M invested in Mercer International in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 40 increasing their positions, 30 reducing their positions, and 15 closing their positions.
82% more call options, than puts
Call options by funds: $299K | Put options by funds: $164K
33% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 30
2% more capital invested
Capital invested by funds: $603M → $613M (+$9.93M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1.16% less ownership
Funds ownership: 80.73% → 79.56% (-1.2%)
3% less funds holding
Funds holding: 102 → 99 (-3)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$7.13M |
| 2 |
Renaissance Technologies
New York
|
+$2.81M |
| 3 |
RCM
Redwood Capital Management
New York
|
+$1.65M |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$1.4M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gates Capital Management
New York
|
-$8.69M |
| 2 |
HCM
Huber Capital Management
El Segundo,
California
|
-$5.79M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.44M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$2.18M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFM
101
Systematic Financial Management
Teaneck,
New Jersey
| – | -$1.39M | -120,890 | Closed |
|
|
HHC
102
Hutchin Hill Capital
New York
| – | -$474K | -41,200 | Closed |
|
|
WI
103
WBI Investments
Red Bank,
New Jersey
| – | -$362K | -31,451 | Closed |
|
|
CF
104
CNA Financial
Chicago,
Illinois
| – | -$250K | -21,707 | Closed |
|
|
VRS
105
Virginia Retirement Systems
Richmond,
Virginia
| – | -$146K | -12,700 | Closed |
|
|
ZIM
106
Zacks Investment Management
Chicago,
Illinois
| – | -$128K | -11,120 | Closed |
|
|
CCIA
107
Campbell & Co Investment Adviser
Baltimore,
Maryland
| – | -$126K | -10,939 | Closed |
|
|
AIM
108
Acrospire Investment Management
Chicago,
Illinois
| – | -$110K | -9,605 | Closed |
|
109
Walleye Trading
New York
| – | -$82 | -7,100 | Closed |
|
|
DADC
110
D.A. Davidson & Co
Great Falls,
Montana
| – | -$9K | -806 | Closed |
|
111
Creative Planning
Overland Park,
Kansas
| – | -$8K | -700 | Closed |
|
|
AIM
112
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$2K | -137 | Closed |
|
113
Envestnet Asset Management
Chicago,
Illinois
| – | -$2K | -133 | Closed |
|
MERC Hedge Fund Activity: Q3 2017 in Review
99 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Mercer International (MERC) for Q3 2017, worth a combined $613M — up 1.6% from $603M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of MERC and 12 opened new positions — a net loss of 3 holders — while 30 trimmed existing stakes and 40 added.
The largest buyer was Millennium Management, adding an estimated $7.13M. The largest seller was Gates Capital Management, cutting an estimated $8.69M.
- 99 institutional investors held Mercer International (MERC) as of Q3 2017, down from 102 in Q2 2017.
- Funds reported $613M of Mercer International stock for Q3 2017, up 1.6% quarter-over-quarter.
- 12 funds opened new Mercer International positions in Q3 2017 and 15 closed out, a net change of -3 holders.
- The largest Mercer International buyer in Q3 2017 was Millennium Management, an estimated $7.13M added.
- The largest Mercer International seller in Q3 2017 was Gates Capital Management, an estimated $8.69M sold.
Based on aggregated 13F filings for Q3 2017.