Mercer International
MERC
137 hedge funds and large institutions have $521M invested in Mercer International in 2018 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 44 increasing their positions, 48 reducing their positions, and 22 closing their positions.
74% more call options, than puts
Call options by funds: $224K | Put options by funds: $129K
14% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 22
1% more funds holding
Funds holding: 135 → 137 (+2)
0.08% more ownership
Funds ownership: 76.34% → 76.43% (+0.08%)
8% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 48
38% less capital invested
Capital invested by funds: $836M → $521M (-$316M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gates Capital Management
New York
|
+$13.2M |
| 2 |
Millennium Management
New York
|
+$3.33M |
| 3 |
Man Group
London,
United Kingdom
|
+$2.99M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$2.92M |
| 5 |
MPM
Meritage Portfolio Management
Overland Park,
Kansas
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$6.74M |
| 2 |
Renaissance Technologies
New York
|
-$4.78M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.02M |
| 4 |
JIR
James Investment Research
Alpha,
Ohio
|
-$2.46M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$2.42M |
MERC Hedge Fund Activity: Q4 2018 in Review
137 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Mercer International (MERC) for Q4 2018, worth a combined $521M — down 38% from $836M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new MERC positions and 22 closed out — a net gain of 3 holders — while 44 added to existing stakes and 48 trimmed.
The largest buyer was Gates Capital Management, adding an estimated $13.2M. The largest seller was Portolan Capital Management, exiting entirely with an estimated $6.74M sold.
- 137 institutional investors held Mercer International (MERC) as of Q4 2018, up from 135 in Q3 2018.
- Funds reported $521M of Mercer International stock for Q4 2018, down 38% quarter-over-quarter.
- 25 funds opened new Mercer International positions in Q4 2018 and 22 closed out, a net change of +3 holders.
- The largest Mercer International buyer in Q4 2018 was Gates Capital Management, an estimated $13.2M added.
- The largest Mercer International seller in Q4 2018 was Portolan Capital Management, an estimated $6.74M sold.
Based on aggregated 13F filings for Q4 2018.