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First Merchants

183 hedge funds and large institutions have $1.5B invested in First Merchants in 2019 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 72 increasing their positions, 56 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

29% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 56

7% more capital invested

Capital invested by funds: $1.41B → $1.5B (+$97.4M)

2% less funds holding

Funds holding: 186183 (-3)

3.51% less ownership

Funds ownership: 74.79%71.27% (-3.5%)

13% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 23

Holders
183
Holders Change
-3
Holders Change %
-1.61%
% of All Funds
4.01%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
20
Increased
72
Reduced
56
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
51
Morgan Stanley
New York
$3.58M +$1.1M +29,434 +45%
PI
52
Putnam Investments
Massachusetts
$3.53M +$713K +19,100 +26%
Swiss National Bank
53
Swiss National Bank
Switzerland
$3.51M -$407K -10,900 -10%
FCM
54
FJ Capital Management
Virginia
$3.48M +$3.47M +93,000 New
California State Teachers Retirement System (CalSTRS)
55
California State Teachers Retirement System (CalSTRS)
California
$3.2M +$359K +9,615 +13%
DIA
56
Dean Investment Associates
Ohio
$3.17M -$292K -7,810 -8%
AQR Capital Management
57
AQR Capital Management
Connecticut
$3.07M -$385K -10,319 -11%
BGIM
58
Brandywine Global Investment Management
Pennsylvania
$2.92M -$65K -1,740 -2%
AllianceBernstein
59
AllianceBernstein
Tennessee
$2.85M +$194K +5,204 +7%
FFBTD
60
First Financial Bank - Trust Division
Ohio
$2.85M
PNC
61
Park National Corp
Ohio
$2.82M -$37.4K -1,000 -1%
JP Morgan Chase
62
JP Morgan Chase
New York
$2.8M -$3.53M -94,569 -56%
CS
63
Credit Suisse
Switzerland
$2.75M +$462K +12,359 +20%
SEI Investments
64
SEI Investments
Pennsylvania
$2.75M +$1.92M +51,349 +239%
GC
65
Guggenheim Capital
Illinois
$2.65M -$1.26M -33,769 -32%
Invesco
66
Invesco
Georgia
$2.63M -$1.96M -52,493 -43%
FA
67
FCG Advisors
New Jersey
$2.55M -$31.3K -839 -1%
CAM
68
ClariVest Asset Management
California
$2.45M +$2.25M +60,153 +1,230%
Los Angeles Capital Management
69
Los Angeles Capital Management
California
$2.44M +$3.73K +100 +0.2%
UBS Group
70
UBS Group
Switzerland
$2.39M -$2.56M -68,646 -52%
UBS AM
71
UBS AM
Illinois
$2.27M +$59.4K +1,591 +3%
Susquehanna International Group
72
Susquehanna International Group
Pennsylvania
$2.04M +$525K +14,064 +35%
Federated Hermes
73
Federated Hermes
Pennsylvania
$2M -$2.45M -65,706 -55%
PNC Financial Services Group
74
PNC Financial Services Group
Pennsylvania
$1.94M -$592K -15,838 -24%
ONB
75
Old National Bancorp
Indiana
$1.87M +$50K +1,338 +3%

FRME Hedge Fund Activity: Q3 2019 in Review

183 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2019, worth a combined $1.5B — up 6.9% from $1.41B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of FRME and 20 opened new positions — a net loss of 3 holders — while 56 trimmed existing stakes and 72 added.

The largest buyer was Victory Capital Management, adding an estimated $27.7M. The largest seller was Nuveen, cutting an estimated $10.2M.

  • 183 institutional investors held First Merchants (FRME) as of Q3 2019, down from 186 in Q2 2019.
  • Funds reported $1.5B of First Merchants stock for Q3 2019, up 6.9% quarter-over-quarter.
  • 20 funds opened new First Merchants positions in Q3 2019 and 23 closed out, a net change of -3 holders.
  • The largest First Merchants buyer in Q3 2019 was Victory Capital Management, an estimated $27.7M added.
  • The largest First Merchants seller in Q3 2019 was Nuveen, an estimated $10.2M sold.

Based on aggregated 13F filings for Q3 2019.