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First Merchants
FRME

193 hedge funds and large institutions have $1.63B invested in First Merchants in 2018 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 63 increasing their positions, 68 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

13% more capital invested

Capital invested by funds: $1.44B → $1.63B (+$193M)

13% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 15

1.32% more ownership

Funds ownership: 69.58% → 70.89% (+1.3%)

1% more funds holding

Funds holding: 191 → 193 (+2)

7% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 68

Holders
193
Holders Change
+2
Holders Change %
+1.05%
% of All Funds
4.42%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
17
Increased
63
Reduced
68
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$19.1M
2
EAM
Eagle Asset Management
Florida
+$11.4M
3
PC
Pier Capital
Connecticut
+$10.9M
4
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$9.61M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$5.81M

Top Sellers

Rank Fund Capital Flow
1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$7.69M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$7.38M
3
PAM
Panagora Asset Management
Massachusetts
-$6.42M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$3.91M
5
Millennium Management
Millennium Management
New York
-$3.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Common Retirement Fund
51
New York State Common Retirement Fund
New York
$5.16M +$1.04M +23,277 +26%
PNC Financial Services Group
52
PNC Financial Services Group
Pennsylvania
$4.78M -$52.2K -1,165 -1%
First Trust Advisors
53
First Trust Advisors
Illinois
$4.67M +$485K +10,822 +12%
GC
54
Guggenheim Capital
Illinois
$3.97M +$224K +4,990 +6%
Swiss National Bank
55
Swiss National Bank
Switzerland
$3.96M – – –
PNC
56
Park National Corp
Ohio
$3.76M – – –
BGIM
57
Brandywine Global Investment Management
Pennsylvania
$3.73M -$301K -6,717 -8%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$3.51M +$591K +13,174 +21%
FA
59
FCG Advisors
New Jersey
$3.43M -$634K -14,137 -16%
FFBTD
60
First Financial Bank - Trust Division
Ohio
$3.37M – – –
AllianceBernstein
61
AllianceBernstein
Tennessee
$3.31M +$762K +17,000 +31%
CS
62
Credit Suisse
Switzerland
$3.26M -$42.7K -953 -1%
PPA
63
Parametric Portfolio Associates
Washington
$3.14M -$770K -17,185 -20%
PAM
64
Panagora Asset Management
Massachusetts
$3.14M -$6.42M -143,240 -68%
Bank of America
65
Bank of America
North Carolina
$2.88M -$1.2M -26,769 -30%
DIA
66
Dana Investment Advisors
Wisconsin
$2.88M -$146K -3,246 -5%
RhumbLine Advisers
67
RhumbLine Advisers
Massachusetts
$2.82M +$362K +8,084 +15%
Fisher Asset Management
68
Fisher Asset Management
Washington
$2.8M -$902K -20,109 -25%
D.E. Shaw & Co
69
D.E. Shaw & Co
New York
$2.6M -$624K -13,922 -20%
SEI Investments
70
SEI Investments
Pennsylvania
$2.57M +$131K +2,923 +6%
Stifel Financial
71
Stifel Financial
Missouri
$2.53M +$24.5K +547 +1%
VRS
72
Virginia Retirement Systems
Virginia
$2.43M – – –
DCM
73
Dean Capital Management
Kansas
$2.4M -$1.61M -35,817 -41%
ONB
74
Old National Bancorp
Indiana
$2.28M +$124K +2,773 +6%
Federated Hermes
75
Federated Hermes
Pennsylvania
$2.28M +$609K +13,573 +38%
1 2
3
4 5

FRME Hedge Fund Activity: Q2 2018 in Review

193 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2018, worth a combined $1.63B — up 13% from $1.44B a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FRME positions and 15 closed out — a net gain of 2 holders — while 63 added to existing stakes and 68 trimmed.

The largest buyer was BlackRock, adding an estimated $19.1M. The largest seller was Lord, Abbett & Co, cutting an estimated $7.69M.

  • 193 institutional investors held First Merchants (FRME) as of Q2 2018, up from 191 in Q1 2018.
  • Funds reported $1.63B of First Merchants stock for Q2 2018, up 13% quarter-over-quarter.
  • 17 funds opened new First Merchants positions in Q2 2018 and 15 closed out, a net change of +2 holders.
  • The largest First Merchants buyer in Q2 2018 was BlackRock, an estimated $19.1M added.
  • The largest First Merchants seller in Q2 2018 was Lord, Abbett & Co, an estimated $7.69M sold.

Based on aggregated 13F filings for Q2 2018.