Mercer International Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:AEZ Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
08 May 25	Buy€22,449	Carsten Merforth	Individual	7,000	€3.21
07 May 25	Buy€27,920	Wolfgang Beck	Individual	8,791	€3.19
05 May 25	Buy€3,213	Alice Laberge	Individual	1,000	€3.21
20 Nov 24	Sell€159,399	Eric Heine	Individual	26,910	€5.95
16 Sep 24	Buy€46,982	Juan Bueno	Individual	7,800	€6.02
11 Sep 24	Buy€22,160	Rainer Rettig	Individual	4,000	€5.54
11 Sep 24	Buy€10,971	Janine North	Individual	2,000	€5.49
09 Sep 24	Buy€28,257	Rainer Rettig	Individual	5,000	€5.65
06 Sep 24	Buy€30,801	Richard Short	Individual	6,000	€5.13
03 Sep 24	Buy€100,879	Wolfgang Beck	Individual	18,500	€5.45

Insider Trading Volume

Insider Buying: AEZ insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AEZ?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	2,138,000	3.2%
Hedge Funds	3,981,773	5.96%
General Public	4,785,548	7.16%
Individual Insiders	5,881,715	8.8%
Institutions	50,062,684	74.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 80.52% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
24.7%	IAT Reinsurance Company Ltd, Asset Management Arm	16,480,000	€61.3m	0%	19.76%
5.96%	Boundary Creek Advisors LP	3,981,773	€14.8m	-6%	14.32%
4.94%	Cowen Inc,Private Banking and Investment Banking Investments	3,300,000	€12.3m	0%	0.78%
4.81%	Dimensional Fund Advisors LP	3,214,709	€12.0m	-6.92%	no data
4.71%	Atlas FRM LLC	3,150,000	€11.7m	0%	1.47%
4.49%	Peter Kellogg	3,000,000	€11.2m	0%	no data
3.43%	Gates Capital Management, Inc.	2,290,368	€8.5m	121%	0.28%
2.96%	Jimmy S. Lee	1,975,524	€7.3m	0%	no data
2.87%	Bermuda Partners L.P	1,918,000	€7.1m	0%	no data
2.56%	Redwood Capital Management, LLC	1,712,725	€6.4m	0%	1.13%
2.44%	Millennium Management LLC	1,629,756	€6.1m	-5.87%	0.01%
2.17%	Wells Fargo & Company, Securities and Brokerage Investments	1,451,200	€5.4m	8.41%	no data
1.88%	Readystate Asset Management LP	1,256,539	€4.7m	11%	0.52%
1.54%	Peter & Cynthia Kellogg Foundation, Endowment Arm	1,030,000	€3.8m	0%	100.0%
1.53%	Solas Capital Management, LLC	1,025,157	€3.8m	-4.81%	1.79%
1.34%	BlackRock, Inc.	895,299	€3.3m	-14.3%	no data
1.24%	American Century Investment Management Inc	827,524	€3.1m	34.2%	no data
1.23%	The Vanguard Group, Inc.	824,611	€3.1m	3.8%	no data
1%	Citadel Advisors LLC	667,311	€2.5m	17.4%	no data
0.9%	Keeley-Teton Advisors, LLC	599,601	€2.2m	0%	0.29%
0.86%	Pictet Asset Management Limited	572,889	€2.1m	-21.7%	no data
0.85%	D. E. Shaw & Co., L.P.	571,237	€2.1m	28.9%	no data
0.8%	Geode Capital Management, LLC	536,138	€2.0m	2.28%	no data
0.74%	Hotchkis and Wiley Capital Management, LLC	496,830	€1.8m	-1.3%	0.01%
0.62%	Charles Schwab Investment Management, Inc.	417,326	€1.6m	-33.5%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/19 15:36
End of Day Share Price	2025/05/19 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mercer International Inc. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Atkinson	BMO Capital Markets Equity Research
Neal Gilmer	Canaccord Genuity
Hamir Patel	CIBC Capital Markets