First Merchants
FRME
185 hedge funds and large institutions have $1.48B invested in First Merchants in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 62 increasing their positions, 60 reducing their positions, and 16 closing their positions.
90% more call options, than puts
Call options by funds: $408K | Put options by funds: $215K
75% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 16
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
11% more capital invested
Capital invested by funds: $1.33B → $1.48B (+$149M)
6% more funds holding
Funds holding: 175 → 185 (+10)
3% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 60
10.55% less ownership
Funds ownership: 80.59% → 70.05% (-11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$48.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.1M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$19.6M |
| 4 |
State Street
Boston,
Massachusetts
|
+$11.3M |
| 5 |
Millennium Management
New York
|
+$8.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$32.6M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$19.4M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$16.4M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$15.8M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
-$15.7M |
FRME Hedge Fund Activity: Q3 2017 in Review
185 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2017, worth a combined $1.48B — up 11% from $1.33B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FRME positions and 16 closed out — a net gain of 12 holders — while 62 added to existing stakes and 60 trimmed.
The largest buyer was Vanguard Group, adding an estimated $48.1M. The largest seller was Wellington Management Group, cutting an estimated $32.6M.
- 185 institutional investors held First Merchants (FRME) as of Q3 2017, up from 175 in Q2 2017.
- Funds reported $1.48B of First Merchants stock for Q3 2017, up 11% quarter-over-quarter.
- 28 funds opened new First Merchants positions in Q3 2017 and 16 closed out, a net change of +12 holders.
- The largest First Merchants buyer in Q3 2017 was Vanguard Group, an estimated $48.1M added.
- The largest First Merchants seller in Q3 2017 was Wellington Management Group, an estimated $32.6M sold.
Based on aggregated 13F filings for Q3 2017.