First Merchants
FRME
142 hedge funds and large institutions have $528M invested in First Merchants in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 42 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
12% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 42
7% more funds holding
Funds holding: 133 → 142 (+9)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less capital invested
Capital invested by funds: $545M → $528M (-$17.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$9.19M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$4.67M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$3.36M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$2.68M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.54M |
| 2 |
Millennium Management
New York
|
-$2.94M |
| 3 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$2.93M |
| 4 |
BNP Paribas Asset Management
Paris,
France
|
-$1.94M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$1.71M |
FRME Hedge Fund Activity: Q3 2014 in Review
142 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2014, worth a combined $528M — down 3.2% from $545M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FRME positions and 6 closed out — a net gain of 9 holders — while 47 added to existing stakes and 42 trimmed.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $9.19M. The largest seller was Wellington Management Group, cutting an estimated $3.54M.
- 142 institutional investors held First Merchants (FRME) as of Q3 2014, up from 133 in Q2 2014.
- Funds reported $528M of First Merchants stock for Q3 2014, down 3.2% quarter-over-quarter.
- 15 funds opened new First Merchants positions in Q3 2014 and 6 closed out, a net change of +9 holders.
- The largest First Merchants buyer in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $9.19M added.
- The largest First Merchants seller in Q3 2014 was Wellington Management Group, an estimated $3.54M sold.
Based on aggregated 13F filings for Q3 2014.