Mercer International Inc.
US ˙ NasdaqGS ˙ US5880561015

SecurityMERC / Mercer International Inc.
InstitutionShell Asset Management Co
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Shell Asset Management Co closes position in MERC / Mercer International Inc.

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 0 shares of Mercer International Inc. (US:MERC) valued at $0 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 6,226 shares of Mercer International Inc.. The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-07 2025-09-30 13F MERCER INTL COM 588056101 0 -6,226 -100.00 0 0.0000
2025-07-23 2025-06-30 13F MERCER INTL COM 588056101 6,226 -4,911 -44.10 0 0.0008
2025-05-14 2025-03-31 13F MERCER INTL COM 588056101 11,137 -453 -3.91 0 0.0032
2025-02-14 2024-12-31 13F MERCER INTL COM 588056101 11,590 0 0.00 0 0.0033
2024-11-07 2024-09-30 13F MERCER INTL COM 588056101 11,590 99 0.86 0 0.0034
2024-07-25 2024-03-31 13F MERCER INTL COM 588056101 11,491 -1,192 -9.40 0 0.0045
2024-02-14 2023-12-31 13F MERCER INTL COM 588056101 12,683 -3,866 -23.36 0 0.0055
2023-11-08 2023-09-30 13F MERCER INTL COM 588056101 16,549 -257 -1.53 0 0.0059
2023-07-28 2023-06-30 13F MERCER INTL COM 588056101 16,806 -95 -0.56 0 0.0054
2023-05-15 2023-03-31 13F MERCER INTL COM 588056101 16,901 -59 -0.35 0 0.0068
2023-02-07 2022-12-31 13F MERCER INTL COM 588056101 16,960 -3,866 -18.56 0 -100.00 0.0086
2022-11-14 2022-09-30 13F MERCER INTL COM 588056101 20,826 -5,408 -20.61 256 -25.80 0.0100
2022-08-09 2022-06-30 13F MERCER INTL COM 588056101 26,234 72 0.28 345 -5.48 0.0102
2022-05-04 2022-03-31 13F MERCER INTL COM 588056101 26,162 -3,852 -12.83 365 1.39 0.0086
2022-02-09 2021-12-31 13F MERCER INTL COM 588056101 30,014 103 0.34 360 3.75 0.0074
2021-11-04 2021-09-30 13F MERCER INTL COM 588056101 29,911 -1,300 -4.17 347 -12.81 0.0078
2021-08-12 2021-06-30 13F MERCER INTL COM 588056101 31,211 1,670 5.65 398 -6.35 0.0077
2021-05-10 2021-03-31 13F MERCER INTL COM 588056101 29,541 0 0.00 425 40.26 0.0085
2021-02-16 2020-12-31 13F MERCER INTL COM 588056101 29,541 0 0.00 303 55.38 0.0063
2020-11-13 2020-09-30 13F MERCER INTL COM 588056101 29,541 0 0.00 195 -19.09 0.0045
2020-08-10 2020-06-30 13F MERCER INTL COM 588056101 29,541 -5,988 -16.85 241 -6.23 0.0060
2020-05-11 2020-03-31 13F MERCER INTL COM 588056101 35,529 -539 -1.49 257 -42.12 0.0072
2020-02-13 2019-12-31 13F MERCER INTL COM 588056101 36,068 -958 -2.59 444 -4.31 0.0096
2019-11-12 2019-09-30 13F MERCER INTL COM 588056101 37,026 -318 -0.85 464 -19.72 0.0106
2019-08-12 2019-06-30 13F MERCER INTL COM 588056101 37,344 -848 -2.22 578 12.02 0.0128
2019-05-09 2019-03-31 13F MERCER INTL COM 588056101 38,192 0 0.00 516 29.32 0.0114
2019-02-13 2018-12-31 13F MERCER INTL COM 588056101 38,192 -3,200 -7.73 399 -42.59 0.0099
2018-11-13 2018-09-30 13F MERCER INTL COM 588056101 41,392 0 0.00 695 -4.01 0.0137
2018-08-10 2018-06-30 13F MERCER INTL COM 588056101 41,392 -2,204 -5.06 724 33.33 0.0148
2018-05-14 2018-03-31 13F MERCER INTL COM 588056101 43,596 0 0.00 543 -12.84 0.0108
2018-02-09 2017-12-31 13F MERCER INTL COM 588056101 43,596 0 0.00 623 20.50 0.0124
2017-10-20 2017-09-30 13F/A-1 MERCER INTL COM 588056101 43,596 -1,000 -2.24 517 0.78 0.0115
2017-07-26 2017-06-30 13F MERCER INTL COM 588056101 44,596 0 0.00 513 -1.72 0.0127
2017-04-26 2017-03-31 13F MERCER INTL COM 588056101 44,596 -3,122 -6.54 522 2.76 0.0133
2017-01-10 2016-12-31 13F MERCER INTL COM 588056101 47,718 -416 -0.86 508 24.51 0.0137
2016-10-28 2016-09-30 13F MERCER INTL COM 588056101 48,134 -2,208 -4.39 408 1.49 0.0098
2016-07-25 2016-06-30 13F MERCER INTL COM 588056101 50,342 -2,869 -5.39 402 -20.08 0.0093
2016-05-11 2016-03-31 13F MERCER INTL COM 588056101 53,211 -3,191 -5.66 503 -1.37 0.0120
2016-02-05 2015-12-31 13F MERCER INTL COM 588056101 56,402 56,402 510 0.0120
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.