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First Merchants
FRME

119 hedge funds and large institutions have $361M invested in First Merchants in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 34 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

32% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 34

6% more funds holding

Funds holding: 112 → 119 (+7)

4% more capital invested

Capital invested by funds: $348M → $361M (+$12.5M)

Holders
119
Holders Change
+7
Holders Change %
+6.25%
% of All Funds
3.86%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
13
Increased
45
Reduced
34
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$8.92M
2
BNP Paribas Asset Management
BNP Paribas Asset Management
France
+$3.01M
3
LSV Asset Management
LSV Asset Management
Illinois
+$2.68M
4
QBFM
QS Batterymarch Financial Management
New York
+$2.05M
5
MSA
Mason Street Advisors
Wisconsin
+$2.01M

Top Sellers

Rank Fund Capital Flow
1
AL
AJO LP
Pennsylvania
-$4.4M
2
Ameriprise
Ameriprise
Minnesota
-$2.15M
3
UOC
UBS O'Connor
Illinois
-$1.93M
4
RFC
Russell Frank Company
Washington
-$1.47M
5
MA
MUFG Americas
New York
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
BNP Paribas Asset Management
26
BNP Paribas Asset Management
France
$2.9M +$3.01M +167,370 New
Deutsche Bank
27
Deutsche Bank
Germany
$2.71M +$647K +36,013 +30%
BCM
28
Bridgeway Capital Management
Texas
$2.6M – – –
MCM
29
McKinley Capital Management
Alaska
$2.54M +$793K +44,189 +43%
TCIM
30
TIAA CREF Investment Management
New York
$2.43M +$30.6K +1,704 +1%
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$2.37M +$171K +9,500 +7%
Acadian Asset Management
32
Acadian Asset Management
Massachusetts
$2.26M +$920K +51,209 +65%
MSA
33
Mason Street Advisors
Wisconsin
$1.94M +$2.01M +111,800 New
PPA
34
Parametric Portfolio Associates
Washington
$1.85M +$194K +10,814 +11%
BIM
35
BlackRock Investment Management
Delaware
$1.73M -$4.65K -259 -0.3%
Invesco
36
Invesco
Georgia
$1.72M -$860K -47,919 -33%
MAM
37
Martingale Asset Management
Massachusetts
$1.64M +$357K +19,859 +27%
FMC
38
First Merchants Corp
Indiana
$1.63M -$88.1K -4,907 -5%
Prudential Financial
39
Prudential Financial
New Jersey
$1.54M +$84.4K +4,700 +6%
State Board of Administration of Florida Retirement System
40
State Board of Administration of Florida Retirement System
Florida
$1.5M – – –
Goldman Sachs
41
Goldman Sachs
New York
$1.35M +$34.9K +1,942 +3%
FFBTD
42
First Financial Bank - Trust Division
Ohio
$1.26M – – –
SAM
43
Shell Asset Management
Netherlands
$1.24M – – –
Charles Schwab
44
Charles Schwab
California
$1.23M +$57.5K +3,201 +5%
NFA
45
Nationwide Fund Advisors
Ohio
$1.21M +$40.3K +2,244 +3%
WCM
46
Wedge Capital Management
North Carolina
$1.13M +$101K +5,600 +9%
Millennium Management
47
Millennium Management
New York
$1.11M +$795K +44,295 +221%
Federated Hermes
48
Federated Hermes
Pennsylvania
$953K +$163K +9,056 +20%
SO
49
STRS Ohio
Ohio
$938K +$44.9K +2,500 +5%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$936K +$108K +6,029 +13%
1
2
3 4 5

FRME Hedge Fund Activity: Q3 2013 in Review

119 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2013, worth a combined $361M — up 3.6% from $348M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FRME positions and 6 closed out — a net gain of 7 holders — while 45 added to existing stakes and 34 trimmed.

The largest buyer was Bryn Mawr Capital Management Inc, adding an estimated $8.92M. The largest seller was AJO LP, exiting entirely with an estimated $4.4M sold.

  • 119 institutional investors held First Merchants (FRME) as of Q3 2013, up from 112 in Q2 2013.
  • Funds reported $361M of First Merchants stock for Q3 2013, up 3.6% quarter-over-quarter.
  • 13 funds opened new First Merchants positions in Q3 2013 and 6 closed out, a net change of +7 holders.
  • The largest First Merchants buyer in Q3 2013 was Bryn Mawr Capital Management Inc, an estimated $8.92M added.
  • The largest First Merchants seller in Q3 2013 was AJO LP, an estimated $4.4M sold.

Based on aggregated 13F filings for Q3 2013.