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First Merchants
FRME

142 hedge funds and large institutions have $528M invested in First Merchants in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 42 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

12% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 42

7% more funds holding

Funds holding: 133 → 142 (+9)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

3% less capital invested

Capital invested by funds: $545M → $528M (-$17.4M)

Holders
142
Holders Change
+9
Holders Change %
+6.77%
% of All Funds
4.12%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
15
Increased
47
Reduced
42
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$9.19M
2
MCM
Maltese Capital Management
New York
+$4.67M
3
RFC
Russell Frank Company
Washington
+$3.36M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$2.68M
5
LSV Asset Management
LSV Asset Management
Illinois
+$2.59M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$3.54M
2
Millennium Management
Millennium Management
New York
-$2.94M
3
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
-$2.93M
4
BNP Paribas Asset Management
BNP Paribas Asset Management
France
-$1.94M
5
SFM
Systematic Financial Management
New Jersey
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
Principal Financial Group
51
Principal Financial Group
Iowa
$1.7M – – –
CAM
52
ClariVest Asset Management
California
$1.65M +$905K +44,410 +119%
SCM
53
Sterling Capital Management
North Carolina
$1.65M +$34.4K +1,688 +2%
FMC
54
First Merchants Corp
Indiana
$1.52M -$80K -3,924 -5%
FFBTD
55
First Financial Bank - Trust Division
Ohio
$1.47M – – –
Citadel Advisors
56
Citadel Advisors
Florida
$1.46M +$366K +17,972 +33%
California State Teachers Retirement System (CalSTRS)
57
California State Teachers Retirement System (CalSTRS)
California
$1.34M +$15.9K +778 +1%
Millennium Management
58
Millennium Management
New York
$1.34M -$2.94M -144,242 -69%
PCM
59
Piermont Capital Management
Missouri
$1.21M +$1.22M +59,750 New
ZCM
60
Zebra Capital Management
Connecticut
$1.2M +$46.9K +2,301 +4%
Jacobs Levy Equity Management
61
Jacobs Levy Equity Management
New Jersey
$1.17M +$34.6K +1,700 +3%
DIA
62
Dana Investment Advisors
Wisconsin
$1.07M +$105K +5,159 +11%
TA
63
Teachers Advisors
New York
$1.05M – – –
ERSOT
64
Employees Retirement System of Texas
Texas
$1.01M – – –
AllianceBernstein
65
AllianceBernstein
Tennessee
$1M – – –
Federated Hermes
66
Federated Hermes
Pennsylvania
$979K -$148K -7,268 -13%
CS
67
Credit Suisse
Switzerland
$945K -$45.5K -2,235 -5%
RhumbLine Advisers
68
RhumbLine Advisers
Massachusetts
$896K +$12.2K +600 +1%
VRS
69
Virginia Retirement Systems
Virginia
$881K – – –
TRSOTSOK
70
Teachers Retirement System of the State of Kentucky
Kentucky
$850K – – –
Los Angeles Capital Management
71
Los Angeles Capital Management
California
$840K – – –
Royal Bank of Canada
72
Royal Bank of Canada
Ontario, Canada
$833K – – –
EIM
73
Essex Investment Management
Massachusetts
$831K -$53.9K -2,647 -6%
First Trust Advisors
74
First Trust Advisors
Illinois
$785K -$248K -12,194 -24%
HCM
75
Highbridge Capital Management
New York
$700K +$55K +2,699 +8%
1 2
3
4 5

FRME Hedge Fund Activity: Q3 2014 in Review

142 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2014, worth a combined $528M — down 3.2% from $545M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FRME positions and 6 closed out — a net gain of 9 holders — while 47 added to existing stakes and 42 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $9.19M. The largest seller was Wellington Management Group, cutting an estimated $3.54M.

  • 142 institutional investors held First Merchants (FRME) as of Q3 2014, up from 133 in Q2 2014.
  • Funds reported $528M of First Merchants stock for Q3 2014, down 3.2% quarter-over-quarter.
  • 15 funds opened new First Merchants positions in Q3 2014 and 6 closed out, a net change of +9 holders.
  • The largest First Merchants buyer in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $9.19M added.
  • The largest First Merchants seller in Q3 2014 was Wellington Management Group, an estimated $3.54M sold.

Based on aggregated 13F filings for Q3 2014.