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First Merchants
FRME

191 hedge funds and large institutions have $1.44B invested in First Merchants in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 66 increasing their positions, 65 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 15

3% more funds holding

Funds holding: 186 → 191 (+5)

2% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 65

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.83% less ownership

Funds ownership: 70.41% → 69.58% (-0.83%)

1% less capital invested

Capital invested by funds: $1.46B → $1.44B (-$18.7M)

Holders
191
Holders Change
+5
Holders Change %
+2.69%
% of All Funds
4.38%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
21
Increased
66
Reduced
65
Closed
15
Calls
$213K
Puts
–
Net Calls
+$213K
Net Calls Change
-$65K

Top Buyers

Rank Fund Capital Flow
1
TA
Teachers Advisors
New York
+$11.8M
2
Millennium Management
Millennium Management
New York
+$8.68M
3
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$7.86M
4
Boston Partners
Boston Partners
Massachusetts
+$5.68M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$4.57M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$14.4M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$6.89M
3
PAM
Panagora Asset Management
Massachusetts
-$4.99M
4
First Trust Advisors
First Trust Advisors
Illinois
-$3.39M
5
Bank of America
Bank of America
North Carolina
-$3.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
Nordea Investment Management
26
Nordea Investment Management
Sweden
$13.1M +$881K +20,585 +7%
Wells Fargo
27
Wells Fargo
California
$12.5M -$275K -6,418 -2%
RCAMU
28
Rothschild & Co Asset Management US
Connecticut
$12.1M -$616K -14,392 -5%
CAM
29
ClariVest Asset Management
California
$10.6M +$188K +4,395 +2%
CCM
30
Castine Capital Management
Massachusetts
$9.48M +$301K +7,034 +3%
TCIM
31
TIAA CREF Investment Management
New York
$9.27M -$28.3K -661 -0.3%
FMC
32
First Merchants Corp
Indiana
$9.14M +$1.1M +25,654 +13%
Millennium Management
33
Millennium Management
New York
$8.99M +$8.68M +203,005 +1,625%
PAM
34
Panagora Asset Management
Massachusetts
$8.79M -$4.99M -116,578 -36%
Charles Schwab
35
Charles Schwab
California
$8.68M +$360K +8,415 +4%
BNP Paribas Asset Management
36
BNP Paribas Asset Management
France
$8.05M +$561K +13,106 +7%
AQR Capital Management
37
AQR Capital Management
Connecticut
$6.94M -$222K -5,200 -3%
Robeco Institutional Asset Management
38
Robeco Institutional Asset Management
Netherlands
$6.9M – – –
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$6.72M – – –
Natixis Advisors
40
Natixis Advisors
Massachusetts
$6.58M +$84.4K +1,974 +1%
DIA
41
Dean Investment Associates
Ohio
$6.12M +$950K +22,215 +18%
Morgan Stanley
42
Morgan Stanley
New York
$6.05M -$2.88M -67,366 -32%
Invesco
43
Invesco
Georgia
$5.78M +$211K +4,925 +4%
Ameriprise
44
Ameriprise
Minnesota
$5.71M -$135K -3,159 -2%
QI
45
QS Investors
New York
$5.46M -$391K -9,141 -7%
California Public Employees Retirement System
46
California Public Employees Retirement System
California
$5.25M -$247K -5,779 -4%
Deutsche Bank
47
Deutsche Bank
Germany
$4.91M -$1.09M -25,463 -18%
MOACM
48
Mutual of America Capital Management
New York
$4.35M – – –
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$4.34M +$6.33K +148 +0.1%
First Trust Advisors
50
First Trust Advisors
Illinois
$3.74M -$3.39M -79,179 -47%
1
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FRME Hedge Fund Activity: Q1 2018 in Review

191 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2018, worth a combined $1.44B — down 1.3% from $1.46B a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FRME positions and 15 closed out — a net gain of 6 holders — while 66 added to existing stakes and 65 trimmed.

The largest buyer was Teachers Advisors, adding an estimated $11.8M. The largest seller was BlackRock, cutting an estimated $14.4M.

  • 191 institutional investors held First Merchants (FRME) as of Q1 2018, up from 186 in Q4 2017.
  • Funds reported $1.44B of First Merchants stock for Q1 2018, down 1.3% quarter-over-quarter.
  • 21 funds opened new First Merchants positions in Q1 2018 and 15 closed out, a net change of +6 holders.
  • The largest First Merchants buyer in Q1 2018 was Teachers Advisors, an estimated $11.8M added.
  • The largest First Merchants seller in Q1 2018 was BlackRock, an estimated $14.4M sold.

Based on aggregated 13F filings for Q1 2018.