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First Merchants
FRME

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: 3 → 4 (+1)

6% more funds holding

Funds holding: 119 → 126 (+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
–

Top Buyers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$12.4M
2
PCA
PL Capital Advisors
Florida
+$12.2M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$10.4M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$8.29M
5
PI
Putnam Investments
Massachusetts
+$7.23M

Top Sellers

Rank Fund Capital Flow
1
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
-$8.38M
2
UOC
UBS O'Connor
Illinois
-$3.5M
3
LSV Asset Management
LSV Asset Management
Illinois
-$1.7M
4
RFC
Russell Frank Company
Washington
-$1.68M
5
Millennium Management
Millennium Management
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
MAM
51
Martingale Asset Management
Massachusetts
$1.39M -$665K -33,213 -35%
BGIM
52
Brandywine Global Investment Management
Pennsylvania
$1.37M +$757K +37,807 +167%
Federated Hermes
53
Federated Hermes
Pennsylvania
$1.31M +$50K +2,494 +5%
CS
54
Credit Suisse
Switzerland
$1.22M +$111K +5,547 +12%
QI
55
QS Investors
New York
$1.15M +$180K +9,000 +22%
ERSOT
56
Employees Retirement System of Texas
Texas
$1.14M +$1M +50,000 New
TA
57
Teachers Advisors
New York
$1.12M +$130K +6,500 +15%
AllianceBernstein
58
AllianceBernstein
Tennessee
$1.1M – – –
EIM
59
Essex Investment Management
Massachusetts
$1.07M +$51.6K +2,575 +6%
TRSOTSOK
60
Teachers Retirement System of the State of Kentucky
Kentucky
$1.02M +$167K +8,330 +23%
RhumbLine Advisers
61
RhumbLine Advisers
Massachusetts
$1M +$30.2K +1,510 +4%
VRS
62
Virginia Retirement Systems
Virginia
$995K +$120K +6,000 +16%
First Trust Advisors
63
First Trust Advisors
Illinois
$967K -$103K -5,140 -11%
SO
64
STRS Ohio
Ohio
$958K -$240K -12,000 -22%
Royal Bank of Canada
65
Royal Bank of Canada
Ontario, Canada
$936K -$257K -12,829 -24%
Los Angeles Capital Management
66
Los Angeles Capital Management
California
$934K +$563K +28,130 +217%
DIA
67
Dana Investment Advisors
Wisconsin
$802K +$72.9K +3,639 +11%
TC
68
TFS Capital
Pennsylvania
$786K +$693K +34,590 New
Ameriprise
69
Ameriprise
Minnesota
$739K -$262K -13,066 -29%
MLICM
70
Metropolitan Life Insurance Company (MetLife)
New York
$651K +$109K +5,426 +23%
SWITC
71
Stewart West Indies Trading Company
Colorado
$604K +$532K +26,549 New
SCM
72
Sterling Capital Management
North Carolina
$601K +$43.4K +2,166 +9%
BP
73
Boston Provident
New Jersey
$584K +$514K +25,684 New
Swiss National Bank
74
Swiss National Bank
Switzerland
$580K +$88.1K +4,400 +21%
BA
75
BlackRock Advisors
Delaware
$536K +$120K +6,011 +34%
1 2
3
4 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.