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First Merchants

126 hedge funds and large institutions have $559M invested in First Merchants in 2013 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 57 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 25

58% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 12

55% more capital invested

Capital invested by funds: $361M → $559M (+$198M)

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

6% more funds holding

Funds holding: 119126 (+7)

Holders
126
Holders Change
+7
Holders Change %
+5.88%
% of All Funds
3.66%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
19
Increased
57
Reduced
25
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$4.74M +$1.05M +52,276 +33%
BNP Paribas Asset Management
27
BNP Paribas Asset Management
France
$3.89M +$71.7K +3,582 +2%
NFA
28
Nationwide Fund Advisors
Ohio
$3.79M +$1.94M +96,846 +139%
TCIM
29
TIAA CREF Investment Management
New York
$3.67M +$417K +20,836 +15%
California Public Employees Retirement System
30
California Public Employees Retirement System
California
$3.61M +$399K +19,915 +15%
RFC
31
Russell Frank Company
Washington
$3.53M -$1.68M -83,768 -33%
BCM
32
Bridgeway Capital Management
Texas
$3.42M
MCM
33
McKinley Capital Management
Alaska
$3.37M +$35.3K +1,761 +1%
MSA
34
Mason Street Advisors
Wisconsin
$3.1M +$492K +24,580 +22%
BIM
35
BlackRock Investment Management
Delaware
$2.65M +$336K +16,775 +17%
PPA
36
Parametric Portfolio Associates
Washington
$2.46M +$27.3K +1,363 +1%
FA
37
FCG Advisors
New Jersey
$2.46M +$2.16M +108,043 New
Acadian Asset Management
38
Acadian Asset Management
Massachusetts
$2.32M -$562K -28,053 -22%
Principal Financial Group
39
Principal Financial Group
Iowa
$2.13M +$1.87M +93,512 New
MFIMFI
40
Mesirow Financial Investment Management - Fixed Income
Illinois
$2.1M +$1.63M +81,385 +731%
FMC
41
First Merchants Corp
Indiana
$2.05M -$75.2K -3,756 -4%
Charles Schwab
42
Charles Schwab
California
$2.01M +$364K +18,174 +26%
State Board of Administration of Florida Retirement System
43
State Board of Administration of Florida Retirement System
Florida
$1.96M -$13K -647 -0.7%
SAM
44
Shell Asset Management
Netherlands
$1.94M +$276K +13,776 +19%
Prudential Financial
45
Prudential Financial
New Jersey
$1.87M -$135K -6,750 -8%
Goldman Sachs
46
Goldman Sachs
New York
$1.72M -$46.2K -2,307 -3%
FFBTD
47
First Financial Bank - Trust Division
Ohio
$1.65M
Invesco
48
Invesco
Georgia
$1.57M -$597K -29,821 -30%
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$1.44M +$230K +11,500 +22%
WCM
50
Wedge Capital Management
North Carolina
$1.4M -$68.1K -3,400 -5%

FRME Hedge Fund Activity: Q4 2013 in Review

126 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2013, worth a combined $559M — up 55% from $361M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FRME positions and 12 closed out — a net gain of 7 holders — while 57 added to existing stakes and 25 trimmed.

The largest buyer was Dimensional Fund Advisors, adding an estimated $12.4M. The largest seller was Bryn Mawr Capital Management Inc, cutting an estimated $8.38M.

  • 126 institutional investors held First Merchants (FRME) as of Q4 2013, up from 119 in Q3 2013.
  • Funds reported $559M of First Merchants stock for Q4 2013, up 55% quarter-over-quarter.
  • 19 funds opened new First Merchants positions in Q4 2013 and 12 closed out, a net change of +7 holders.
  • The largest First Merchants buyer in Q4 2013 was Dimensional Fund Advisors, an estimated $12.4M added.
  • The largest First Merchants seller in Q4 2013 was Bryn Mawr Capital Management Inc, an estimated $8.38M sold.

Based on aggregated 13F filings for Q4 2013.