Mercer International
MERC
98 hedge funds and large institutions have $351M invested in Mercer International in 2015 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 35 increasing their positions, 30 reducing their positions, and 13 closing their positions.
2,074% more call options, than puts
Call options by funds: $413K | Put options by funds: $19K
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
17% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 30
9% more funds holding
Funds holding: 90 → 98 (+8)
36% less capital invested
Capital invested by funds: $547M → $351M (-$196M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Bailard
Foster City,
California
|
+$1.87M |
| 2 |
CF
CNA Financial
Chicago,
Illinois
|
+$1.82M |
| 3 |
Millennium Management
New York
|
+$1.79M |
| 4 |
Two Sigma Investments
New York
|
+$1.06M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IR
IAT Reinsurance
New York
|
-$155M |
| 2 |
GCM
Gates Capital Management
New York
|
-$4.62M |
| 3 |
KCM
Knighthead Capital Management
New York
|
-$2.77M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$2.18M |
| 5 |
WC
Walthausen & Co
Malta,
New York
|
-$1.48M |
MERC Hedge Fund Activity: Q4 2015 in Review
98 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Mercer International (MERC) for Q4 2015, worth a combined $351M — down 36% from $547M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new MERC positions and 13 closed out — a net gain of 8 holders — while 35 added to existing stakes and 30 trimmed.
The largest buyer was Bailard, opening a new position worth an estimated $1.87M. The largest seller was IAT Reinsurance, cutting an estimated $155M.
- 98 institutional investors held Mercer International (MERC) as of Q4 2015, up from 90 in Q3 2015.
- Funds reported $351M of Mercer International stock for Q4 2015, down 36% quarter-over-quarter.
- 21 funds opened new Mercer International positions in Q4 2015 and 13 closed out, a net change of +8 holders.
- The largest Mercer International buyer in Q4 2015 was Bailard, an estimated $1.87M added.
- The largest Mercer International seller in Q4 2015 was IAT Reinsurance, an estimated $155M sold.
Based on aggregated 13F filings for Q4 2015.