First Merchants Corp Portfolio holdings

First Merchants Corp's Q1 2020 Portfolio in Review

As of Q1 2020, First Merchants Corp held 258 positions worth $773M, down 21% from $977M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

First Merchants Corp withdrew a net $23.5M in Q1 2020, closing 26 positions and reducing 113 holdings. Its most notable exit was Hexcel, an estimated $1.34M position sold in full.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 10% a quarter earlier, followed by Healthcare and Financials.

Against the trend, First Merchants Corp opened a new position in Schwab Short-Term US Treasury ETF worth $2.05M.

• First Merchants Corp's largest Q1 2020 buy was Schwab Short-Term US Treasury ETF: 79,196 shares worth $2.05M.
• First Merchants Corp added most to State Street Health Care Select Sector SPDR ETF in Q1 2020, an estimated $3.96M increase.
• First Merchants Corp's biggest Q1 2020 reduction was iShares Micro-Cap ETF, cutting an estimated $5.37M.
• First Merchants Corp fully exited Hexcel in Q1 2020, selling an estimated $1.34M.
• First Merchants Corp's ten largest holdings make up 27% of its $773M portfolio in Q1 2020.
• First Merchants Corp opened 7 new positions and closed 26 in Q1 2020.
• First Merchants Corp's portfolio value fell 21% quarter-over-quarter to $773M.

Based on First Merchants Corp's 13F filing for Q1 2020, filed 23 Apr 2020.