MERCNasdaqPulp MillsFiscal year ends December 31
MERCER INTERNATIONAL INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$0.19+0.00 (+0.21%)
Close on Oct 19, 2026
- Market cap
- $12.76M
- P/E (TTM)
- –
- Dividend yield
- 78.78%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
63.8%
43M of 67M shares
Institutional holders
67
7 new, 15 sold out
Net institutional buying
-5M
In Q2 2026
Insider trades, 12 months
49 buys · 0 sales
Net bought $3.16M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Double Twins K, LLC | 4,648,133 | 6.90% | 13G (passive) amendment | Sep 30, 2025 |
| Boundary Creek Advisors LP | 3,981,773 | 6.00% | 13G (passive) amendment | Mar 31, 2025 |
| Barclays PLC | 3,853,740 | 5.75% | 13G (passive) | Mar 31, 2026 |
| Whitebox General Partner LLC | 3,590,350 | 5.40% | 13G (passive) | Aug 7, 2026 |
| Peter R. Kellogg | 26,950,672 | 40.25% | 13D (active) amendment | Jan 19, 2021 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MERC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Iat Reinsurance Co Ltd. | 18,220,000 | 27.19% | $415.80K | +1,000,000 | 0.25% |
| Redwood Capital Management, LLC | 4,648,133 | 6.94% | $3.07M | – | 0.33% |
| Barclays PLC | 3,950,970 | 5.90% | $2.61M | +630,889 | 0.00% |
| Toronto Dominion Bank | 3,300,000 | 4.92% | $2.18M | – | 0.00% |
| Dimensional Fund Advisors LP | 1,963,354 | 2.93% | $1.30M | −590,732 | 0.00% |
| Whitebox Advisors LLC | 1,468,738 | 2.19% | $969.37K | +411,080 | 0.01% |
| BlackRock, Inc. | 1,209,362 | 1.80% | $798.18K | +107,381 | 0.00% |
| Benefit Street Partners LLC | 787,371 | 1.17% | $519.67K | – | 0.75% |
| Franklin Resources Inc | 787,371 | 1.17% | $519.67K | – | 0.00% |
| Atlas FRM LLC | 596,791 | 0.89% | $393.88K | −2,553,209 | 0.02% |
| D. E. Shaw & Co., Inc. | 582,361 | 0.87% | $384.36K | −32,862 | 0.00% |
| Gsa Capital Partners Llp | 574,502 | 0.86% | $379 | +69,012 | 0.02% |
| Geode Capital Management, LLC | 500,415 | 0.75% | $330.41K | +22,191 | 0.00% |
| Vanguard Capital Management LLC | 475,860 | 0.71% | $314.07K | −1,784 | 0.00% |
| Verition Fund Management LLC | 408,317 | 0.61% | $269.49K | – | 0.00% |
| Aegis Financial Corp | 308,927 | 0.46% | $203.89K | – | 0.03% |
| Marshall Wace, Llp | 287,868 | 0.43% | $189.99K | +147,065 | 0.00% |
| Vanguard Fiduciary Trust Co | 219,432 | 0.33% | $144.83K | +1,784 | 0.00% |
| Charles Schwab Investment Management Inc | 218,958 | 0.33% | $144.51K | −30,288 | 0.00% |
| State Street Corp | 215,631 | 0.32% | $142.32K | −482 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 67 | 43M | 63.8% | 7 / 20 | 19 / 15 | 3M | 8M |
| Q1 2026 | 76 | 48M | 71.9% | 16 / 18 | 20 / 14 | 7M | 5M |
| Q4 2025 | 75 | 48M | 70.9% | 11 / 21 | 29 / 21 | 3M | 4M |
| Q3 2025 | 87 | 48M | 71.9% | 8 / 28 | 35 / 25 | 4M | 8M |
| Q2 2025 | 104 | 52M | 78.2% | 18 / 42 | 33 / 25 | 7M | 7M |
| Q1 2025 | 112 | 53M | 78.4% | 14 / 33 | 45 / 26 | 3M | 4M |
| Q4 2024 | 124 | 53M | 78.7% | 20 / 31 | 52 / 28 | 8M | 8M |
| Q3 2024 | 133 | 53M | 79.5% | 30 / 44 | 42 / 35 | 9M | 5M |
| Q2 2024 | 140 | 54M | 81.1% | 27 / 42 | 51 / 8 | 2M | 4M |
| Q1 2024 | 123 | 56M | 84.3% | 19 / 32 | 43 / 14 | 3M | 4M |
| Q4 2023 | 119 | 57M | 85.6% | 17 / 37 | 44 / 14 | 4M | 4M |
| Q3 2023 | 116 | 58M | 86.6% | 17 / 51 | 32 / 21 | 7M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MERC | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Extended Market Index Fund | 475,860 | 0.71% | $314.07K | 0.00% | Jun 30, 2026 |
| iShares U.S. Small-Cap Equity Factor ETF | 468,029 | 0.70% | $295.79K | 0.01% | Jul 31, 2026 |
| U.S. Targeted Value Portfolio | 289,280 | 0.43% | $182.82K | 0.00% | Jul 31, 2026 |
| U.S. Small Cap Value Portfolio | 278,842 | 0.42% | $176.23K | 0.00% | Jul 31, 2026 |
| Aegis Value Fund | 264,447 | 0.39% | $174.54K | 0.02% | Jun 30, 2026 |
| Dimensional U.S. Targeted Value ETF | 246,341 | 0.37% | $155.69K | 0.00% | Jul 31, 2026 |
| Schwab U.S. Small-Cap ETF | 219,198 | 0.33% | $203.85K | 0.00% | May 31, 2026 |
| Dimensional U.S. Small Cap ETF | 161,850 | 0.24% | $102.29K | 0.00% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 156,193 | 0.23% | $145.26K | 0.00% | May 31, 2026 |
| U.S. Micro Cap Portfolio | 151,837 | 0.23% | $95.96K | 0.00% | Jul 31, 2026 |
| Dimensional US Small Cap Value ETF | 142,160 | 0.21% | $89.85K | 0.00% | Jul 31, 2026 |
| Vanguard Materials Index Fund | 117,322 | 0.18% | $109.11K | 0.00% | May 31, 2026 |
| EA Bridgeway Omni Small-Cap Value ETF | 101,736 | 0.15% | $67.15K | 0.00% | Jun 30, 2026 |
| Ultra-Small Company Market Fund | 90,000 | 0.13% | $59.40K | 0.04% | Jun 30, 2026 |
| iShares Core S&P Total U.S. Stock Market ETF | 83,157 | 0.12% | $54.88K | 0.00% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Estrada Juan Carlos Bueno | CEO & President, Director | 75,615 | 0.11% | Jun 5, 2026 |
| Wolfgang Beck | Senior VP Global Wood Sourcing | 35,054 | 0.05% | Jun 5, 2026 |
| Genevieve Stannus | VP, Treasurer | 67,347 | 0.10% | Jun 5, 2026 |
| Richard George Short | CFO & Secretary | 53,382 | 0.08% | Jun 5, 2026 |
| Wolfram Ridder | Senior VP, Innovation & Gov. | 78,395 | 0.12% | Jun 5, 2026 |
| Guy Arguin | Chief Human Resources Officer | – | – | Jun 5, 2026 |
| Carsten Merforth | COO, Wood Products | 22,651 | 0.03% | Jun 5, 2026 |
| Eric Xavier Heine | VP Sales, Marketing& Logistics | 20,330 | 0.03% | Jun 5, 2026 |
| Cynthia Margaret Alekson | VP, Controller | 2,637 | 0.00% | Jun 5, 2026 |
| Adolf Koppensteiner | COO, Pulp Products | 41,344 | 0.06% | Jun 5, 2026 |
| Linda J. Welty | Director | 36,290 | 0.05% | Jun 2, 2026 |
| William McCartney | Director | 100,948 | 0.15% | Jun 2, 2026 |
| Pentz Markwart von | Director | 27,933 | 0.04% | Jun 2, 2026 |
| James Shepherd | Director | 133,471 | 0.20% | Jun 2, 2026 |
| Thomas Kevin Corrick | Director | – | – | Jun 2, 2026 |
| Rainer Rettig | Director | 74,396 | 0.11% | Jun 2, 2026 |
| Alice Laberge | Director | 13,065 | 0.02% | Jun 2, 2026 |
| Janine North | Director | 12,085 | 0.02% | Jun 2, 2026 |
| Alan C. Wallace | Director | 73,901 | 0.11% | Jun 9, 2025 |
| Peter R. Kellogg | 10% owner | 1,880,231 | 2.81% | Jul 8, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Peter R. Kellogg 10% owner | Jun 12, 2026 | Buy | +36,000 | $0.93 | $33.48K | 1,370,231 |
| Peter R. Kellogg 10% owner | Jun 12, 2026 | Buy | +14,031 | $0.91 | $12.77K | 1,385,672 |
| Peter R. Kellogg 10% owner | Jun 12, 2026 | Buy | +200 | $0.91 | $182 | 1,371,641 |
| Peter R. Kellogg 10% owner | Jun 12, 2026 | Buy | +1,210 | $0.90 | $1.09K | 1,371,441 |
| Peter R. Kellogg 10% owner | Jun 11, 2026 | Buy | +136,000 | $0.86 | $116.96K | 1,334,231 |
| Peter R. Kellogg 10% owner | Jun 10, 2026 | Buy | +36,000 | $0.82 | $29.52K | 1,198,231 |
| Peter R. Kellogg 10% owner | Jun 9, 2026 | Buy | +23,637 | $0.79 | $18.67K | 1,162,231 |
| Peter R. Kellogg 10% owner | Jun 8, 2026 | Buy | +34,733 | $0.80 | $27.79K | 1,138,594 |
| Peter R. Kellogg 10% owner | Jun 5, 2026 | Buy | +36,000 | $0.85 | $30.60K | 1,103,861 |
| Peter R. Kellogg 10% owner | Jun 4, 2026 | Buy | +36,000 | $0.89 | $32.04K | 1,067,861 |
| Peter R. Kellogg 10% owner | Jun 2, 2026 | Buy | +1,047 | $0.92 | $963 | 1,031,861 |
| James Shepherd Director | Jun 2, 2026 | Award | +25,000 | – | – | 133,471 |
| Peter R. Kellogg 10% owner | Jun 1, 2026 | Buy | +10,154 | $0.91 | $9.24K | 1,030,814 |
| Peter R. Kellogg 10% owner | Jun 1, 2026 | Buy | +2,731 | $0.90 | $2.46K | 1,020,660 |
| Peter R. Kellogg 10% owner | Jun 1, 2026 | Buy | +36,000 | $0.90 | $32.40K | 1,017,929 |
| Peter R. Kellogg 10% owner | Jun 1, 2026 | Buy | +16,000 | $0.90 | $14.40K | 981,929 |
| Peter R. Kellogg 10% owner | May 19, 2026 | Buy | +105,000 | $0.97 | $101.85K | 1,957,000 |
| Peter R. Kellogg 10% owner | May 18, 2026 | Buy | +380,000 | $0.96 | $364.80K | 1,852,000 |
| Peter R. Kellogg 10% owner | May 15, 2026 | Buy | +215,000 | $0.95 | $204.25K | 1,472,000 |
| Peter R. Kellogg 10% owner | May 14, 2026 | Buy | +200,000 | $0.88 | $176.00K | 1,257,000 |
| Peter R. Kellogg 10% owner | May 12, 2026 | Buy | +57,000 | $0.88 | $50.16K | 1,057,000 |
| Peter R. Kellogg 10% owner | May 12, 2026 | Buy | +43,000 | $0.84 | $36.12K | 253,000 |
| Alice Laberge Director | Feb 25, 2026 | Buy | +1,000 | $1.90 | $1.90K | 2,000 |
| Peter R. Kellogg 10% owner | Nov 13, 2025 | Buy | +125,000 | $1.74 | $217.50K | 1,320,000 |
| Peter R. Kellogg 10% owner | Nov 13, 2025 | Buy | +100,000 | $1.72 | $172.00K | 1,195,000 |
| Peter R. Kellogg 10% owner | Nov 12, 2025 | Buy | +25,000 | $1.69 | $42.25K | 1,095,000 |
| Peter R. Kellogg 10% owner | Nov 12, 2025 | Buy | +70,000 | $1.72 | $120.40K | 1,070,000 |
| Peter R. Kellogg 10% owner | Nov 12, 2025 | Buy | +200,000 | $1.68 | $336.00K | 1,520,000 |
| Peter R. Kellogg 10% owner | Nov 7, 2025 | Buy | +18,000 | $1.79 | $32.22K | 1,318,540 |
| Peter R. Kellogg 10% owner | Nov 7, 2025 | Buy | +28,701 | $1.67 | $47.93K | 1,300,540 |
| Peter R. Kellogg 10% owner | Nov 7, 2025 | Buy | +1,200 | $1.61 | $1.93K | 1,271,839 |
| Peter R. Kellogg 10% owner | Nov 7, 2025 | Buy | +6,099 | $1.56 | $9.51K | 1,270,639 |
| Peter R. Kellogg 10% owner | Nov 6, 2025 | Buy | +58,000 | $1.86 | $107.88K | 1,264,540 |
| Peter R. Kellogg 10% owner | Nov 6, 2025 | Buy | +35,715 | $1.89 | $67.50K | 1,206,540 |
| Peter R. Kellogg 10% owner | Nov 6, 2025 | Buy | +285 | $1.84 | $524 | 1,170,825 |
| Peter R. Kellogg 10% owner | Nov 6, 2025 | Buy | +36,000 | $1.87 | $67.32K | 1,170,540 |
| Peter R. Kellogg 10% owner | Nov 5, 2025 | Buy | +25,938 | $1.92 | $49.80K | 1,134,540 |
| Peter R. Kellogg 10% owner | Nov 5, 2025 | Buy | +36,000 | $1.91 | $68.76K | 1,108,602 |
| Peter R. Kellogg 10% owner | Nov 5, 2025 | Buy | +36,000 | $1.88 | $67.68K | 1,072,602 |
| Peter R. Kellogg 10% owner | Nov 4, 2025 | Buy | +36,602 | $1.93 | $70.64K | 1,036,602 |
| Peter R. Kellogg 10% owner | Oct 30, 2025 | Buy | +36,000 | $2.07 | $74.52K | 646,000 |
| Peter R. Kellogg 10% owner | Oct 30, 2025 | Buy | +6,160 | $2.11 | $13.00K | 1,000,000 |
| Peter R. Kellogg 10% owner | Oct 30, 2025 | Buy | +350 | $2.11 | $739 | 993,840 |
| Peter R. Kellogg 10% owner | Oct 30, 2025 | Buy | +18,650 | $2.11 | $39.35K | 993,490 |
| Peter R. Kellogg 10% owner | Oct 29, 2025 | Buy | +17,000 | $2.27 | $38.59K | 933,300 |
| Peter R. Kellogg 10% owner | Oct 29, 2025 | Buy | +5,540 | $2.27 | $12.58K | 974,840 |
| Peter R. Kellogg 10% owner | Oct 29, 2025 | Buy | +19,000 | $2.27 | $43.13K | 969,300 |
| Peter R. Kellogg 10% owner | Oct 29, 2025 | Buy | +17,000 | $2.26 | $38.42K | 950,300 |
| Peter R. Kellogg 10% owner | Oct 28, 2025 | Buy | +41,778 | $2.44 | $101.94K | 916,300 |
| Peter R. Kellogg 10% owner | Oct 28, 2025 | Buy | +7,700 | $2.44 | $18.79K | 874,522 |
| Peter R. Kellogg 10% owner | Oct 3, 2025 | Buy | +3,122 | $2.79 | $8.71K | 866,822 |
| Peter R. Kellogg 10% owner | Oct 3, 2025 | Buy | +3,700 | $2.79 | $10.32K | 863,700 |
| Linda J. Welty Director | Aug 18, 2025 | Buy | +10,000 | $3.09 | $30.90K | 36,290 |
| Alice Laberge Director | Aug 8, 2025 | Buy | +2,000 | $2.98 | $5.96K | 12,065 |
| Alice Laberge Director | Aug 7, 2025 | Buy | +2,000 | $2.99 | $5.98K | 10,065 |
| Peter R. Kellogg 10% owner | Jul 22, 2025 | Buy | +70,000 | $3.38 | $236.60K | 1,000,000 |
| Peter R. Kellogg 10% owner | Jul 22, 2025 | Buy | +760,000 | $3.25 | $2.47M | 2,300,000 |
| Estrada Juan Carlos Bueno President & CEO, Director | Jun 11, 2025 | Buy | +8,000 | $3.77 | $30.16K | 75,615 |
| Peter R. Kellogg 10% owner | Jun 10, 2025 | Buy | +12,300 | $3.72 | $45.76K | 838,900 |
| Peter R. Kellogg 10% owner | Jun 10, 2025 | Buy | +12,220 | $3.72 | $45.46K | 851,100 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.