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First Merchants
FRME

121 hedge funds and large institutions have $537M invested in First Merchants in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 39 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 39

4% less capital invested

Capital invested by funds: $559M → $537M (-$21.7M)

4% less funds holding

Funds holding: 126 → 121 (-5)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17

Holders
121
Holders Change
-5
Holders Change %
-3.97%
% of All Funds
3.49%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.09%
New
12
Increased
44
Reduced
39
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$9.37M
2
Allianz Asset Management
Allianz Asset Management
Germany
+$6.89M
3
JP Morgan Chase
JP Morgan Chase
New York
+$1.84M
4
BNP Paribas Asset Management
BNP Paribas Asset Management
France
+$1.78M
5
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
+$1.69M

Top Sellers

Rank Fund Capital Flow
1
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
-$7.89M
2
LSV Asset Management
LSV Asset Management
Illinois
-$6.6M
3
Deutsche Bank
Deutsche Bank
Germany
-$1.89M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.62M
5
WCM
Wedge Capital Management
North Carolina
-$1.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
California State Teachers Retirement System (CalSTRS)
51
California State Teachers Retirement System (CalSTRS)
California
$1.37M +$4.24K +200 +0.3%
Federated Hermes
52
Federated Hermes
Pennsylvania
$1.22M -$24.1K -1,138 -2%
First Trust Advisors
53
First Trust Advisors
Illinois
$1.16M +$231K +10,893 +26%
EIM
54
Essex Investment Management
Massachusetts
$1.14M +$114K +5,362 +11%
TA
55
Teachers Advisors
New York
$1.11M +$46.6K +2,200 +4%
ERSOT
56
Employees Retirement System of Texas
Texas
$1.08M – – –
Millennium Management
57
Millennium Management
New York
$1.05M +$1.03M +48,725 New
AllianceBernstein
58
AllianceBernstein
Tennessee
$1.05M – – –
CS
59
Credit Suisse
Switzerland
$1.04M -$123K -5,782 -11%
DIA
60
Dana Investment Advisors
Wisconsin
$952K +$184K +8,696 +25%
VRS
61
Virginia Retirement Systems
Virginia
$948K – – –
RhumbLine Advisers
62
RhumbLine Advisers
Massachusetts
$923K -$27.8K -1,310 -3%
TRSOTSOK
63
Teachers Retirement System of the State of Kentucky
Kentucky
$910K -$61.1K -2,880 -6%
Los Angeles Capital Management
64
Los Angeles Capital Management
California
$899K +$9.01K +425 +1%
Royal Bank of Canada
65
Royal Bank of Canada
Ontario, Canada
$892K – – –
ProShare Advisors
66
ProShare Advisors
Maryland
$765K +$749K +35,335 New
Swiss National Bank
67
Swiss National Bank
Switzerland
$734K +$178K +8,400 +33%
Ameriprise
68
Ameriprise
Minnesota
$702K – – –
TC
69
TFS Capital
Pennsylvania
$696K -$51.4K -2,426 -7%
SO
70
STRS Ohio
Ohio
$641K -$265K -12,500 -30%
MLICM
71
Metropolitan Life Insurance Company (MetLife)
New York
$619K – – –
KCM
72
Kennedy Capital Management
Missouri
$597K +$585K +27,589 New
SWITC
73
Stewart West Indies Trading Company
Colorado
$575K – – –
Acadian Asset Management
74
Acadian Asset Management
Massachusetts
$561K -$1.62M -76,355 -75%
BA
75
BlackRock Advisors
Delaware
$527K +$15.6K +738 +3%
1 2
3
4 5

FRME Hedge Fund Activity: Q1 2014 in Review

121 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2014, worth a combined $537M — down 3.9% from $559M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of FRME and 12 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 44 added.

The largest buyer was Wellington Management Group, adding an estimated $9.37M. The largest seller was Bryn Mawr Capital Management Inc, cutting an estimated $7.89M.

  • 121 institutional investors held First Merchants (FRME) as of Q1 2014, down from 126 in Q4 2013.
  • Funds reported $537M of First Merchants stock for Q1 2014, down 3.9% quarter-over-quarter.
  • 12 funds opened new First Merchants positions in Q1 2014 and 17 closed out, a net change of -5 holders.
  • The largest First Merchants buyer in Q1 2014 was Wellington Management Group, an estimated $9.37M added.
  • The largest First Merchants seller in Q1 2014 was Bryn Mawr Capital Management Inc, an estimated $7.89M sold.

Based on aggregated 13F filings for Q1 2014.