First Merchants
FRME
191 hedge funds and large institutions have $1.35B invested in First Merchants in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 75 increasing their positions, 72 reducing their positions, and 24 closing their positions.
11% more capital invested
Capital invested by funds: $1.22B → $1.35B (+$131M)
1.33% more ownership
Funds ownership: 72.33% → 73.67% (+1.3%)
4% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 72
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 202 → 191 (-11)
46% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$17M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.3M |
| 3 |
BlackRock
New York
|
+$10.1M |
| 4 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$7.81M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$5.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$12.2M |
| 2 |
Morgan Stanley
New York
|
-$6.16M |
| 3 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$5.66M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$3.94M |
| 5 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
-$2.75M |
FRME Hedge Fund Activity: Q1 2019 in Review
191 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2019, worth a combined $1.35B — up 11% from $1.22B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of FRME and 13 opened new positions — a net loss of 11 holders — while 72 trimmed existing stakes and 75 added.
The largest buyer was Millennium Management, adding an estimated $17M. The largest seller was JP Morgan Chase, cutting an estimated $12.2M.
- 191 institutional investors held First Merchants (FRME) as of Q1 2019, down from 202 in Q4 2018.
- Funds reported $1.35B of First Merchants stock for Q1 2019, up 11% quarter-over-quarter.
- 13 funds opened new First Merchants positions in Q1 2019 and 24 closed out, a net change of -11 holders.
- The largest First Merchants buyer in Q1 2019 was Millennium Management, an estimated $17M added.
- The largest First Merchants seller in Q1 2019 was JP Morgan Chase, an estimated $12.2M sold.
Based on aggregated 13F filings for Q1 2019.