First Merchants
FRME
182 hedge funds and large institutions have $889M invested in First Merchants in 2020 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 61 reducing their positions, and 27 closing their positions.
0% more funds holding
Funds holding: 182 → 182 (0)
0% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 27
1.23% less ownership
Funds ownership: 72.65% → 71.42% (-1.2%)
11% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 61
18% less capital invested
Capital invested by funds: $1.08B → $889M (-$194M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$6.58M |
| 2 |
Millennium Management
New York
|
+$5.21M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$4.89M |
| 4 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$3.96M |
| 5 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$3.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$23.1M |
| 2 |
FMC
First Merchants Corp
Muncie,
Indiana
|
-$7.73M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.42M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$6.2M |
| 5 |
BlackRock
New York
|
-$4.37M |
FRME Hedge Fund Activity: Q3 2020 in Review
182 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2020, worth a combined $889M — down 18% from $1.08B a quarter earlier.
Fund positioning in FRME was balanced in Q3 2020: 27 funds opened new positions, 27 closed out, 54 added to existing stakes and 61 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $6.58M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $23.1M sold.
- 182 institutional investors held First Merchants (FRME) as of Q3 2020, unchanged from Q2 2020.
- Funds reported $889M of First Merchants stock for Q3 2020, down 18% quarter-over-quarter.
- 27 funds opened new First Merchants positions in Q3 2020 and 27 closed out, a net change of 0 holders.
- The largest First Merchants buyer in Q3 2020 was Bank of Montreal, an estimated $6.58M added.
- The largest First Merchants seller in Q3 2020 was Vaughan Nelson Investment Management, an estimated $23.1M sold.
Based on aggregated 13F filings for Q3 2020.