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First Merchants

194 hedge funds and large institutions have $1.6B invested in First Merchants in 2018 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 70 increasing their positions, 60 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 60

1.07% more ownership

Funds ownership: 70.89%71.97% (+1.1%)

6% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 17

1% more funds holding

Funds holding: 193194 (+1)

2% less capital invested

Capital invested by funds: $1.63B → $1.6B (-$26.3M)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
194
Holders Change
+1
Holders Change %
+0.52%
% of All Funds
4.43%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
18
Increased
70
Reduced
60
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Russell Investments Group
51
Russell Investments Group
United Kingdom
$5.2M +$4.65M +97,716 +549%
GC
52
Guggenheim Capital
Illinois
$5.14M +$1.36M +28,616 +33%
DIA
53
Dean Investment Associates
Ohio
$5.08M -$213K -4,475 -4%
California Public Employees Retirement System
54
California Public Employees Retirement System
California
$4.76M -$425K -8,921 -8%
PPA
55
Parametric Portfolio Associates
Washington
$4.62M +$1.67M +35,040 +52%
PNC Financial Services Group
56
PNC Financial Services Group
Pennsylvania
$4.55M -$91K -1,912 -2%
Swiss National Bank
57
Swiss National Bank
Switzerland
$3.85M
PNC
58
Park National Corp
Ohio
$3.64M
BGIM
59
Brandywine Global Investment Management
Pennsylvania
$3.63M +$15.7K +330 +0.4%
California State Teachers Retirement System (CalSTRS)
60
California State Teachers Retirement System (CalSTRS)
California
$3.4M -$1.24K -26 -0%
CS
61
Credit Suisse
Switzerland
$3.37M +$220K +4,629 +7%
FA
62
FCG Advisors
New Jersey
$3.31M -$16.8K -353 -0.5%
FFBTD
63
First Financial Bank - Trust Division
Ohio
$3.27M
SEI Investments
64
SEI Investments
Pennsylvania
$3.25M +$802K +16,856 +30%
AllianceBernstein
65
AllianceBernstein
Tennessee
$3.21M
New York State Common Retirement Fund
66
New York State Common Retirement Fund
New York
$3.05M -$2.07M -43,462 -39%
Bank of America
67
Bank of America
North Carolina
$3.03M +$250K +5,253 +8%
Citadel Advisors
68
Citadel Advisors
Florida
$3M +$3.17M +66,599 New
RhumbLine Advisers
69
RhumbLine Advisers
Massachusetts
$2.78M +$46.3K +972 +2%
DIA
70
Dana Investment Advisors
Wisconsin
$2.7M -$92.2K -1,937 -3%
Stifel Financial
71
Stifel Financial
Missouri
$2.55M +$106K +2,233 +4%
VRS
72
Virginia Retirement Systems
Virginia
$2.35M
SFM
73
Systematic Financial Management
New Jersey
$2.27M +$231K +4,855 +11%
Fisher Asset Management
74
Fisher Asset Management
Washington
$2.21M -$535K -11,244 -19%
ONB
75
Old National Bancorp
Indiana
$2.19M -$19K -400 -0.8%

FRME Hedge Fund Activity: Q3 2018 in Review

194 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2018, worth a combined $1.6B — down 1.6% from $1.63B a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FRME positions and 17 closed out — a net gain of 1 holder — while 70 added to existing stakes and 60 trimmed.

The largest buyer was Cardinal Capital Management LLC (Connecticut), adding an estimated $20.6M. The largest seller was Vaughan Nelson Investment Management, cutting an estimated $18.4M.

  • 194 institutional investors held First Merchants (FRME) as of Q3 2018, up from 193 in Q2 2018.
  • Funds reported $1.6B of First Merchants stock for Q3 2018, down 1.6% quarter-over-quarter.
  • 18 funds opened new First Merchants positions in Q3 2018 and 17 closed out, a net change of +1 holder.
  • The largest First Merchants buyer in Q3 2018 was Cardinal Capital Management LLC (Connecticut), an estimated $20.6M added.
  • The largest First Merchants seller in Q3 2018 was Vaughan Nelson Investment Management, an estimated $18.4M sold.

Based on aggregated 13F filings for Q3 2018.