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First Merchants
FRME

182 hedge funds and large institutions have $889M invested in First Merchants in 2020 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 61 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 182 → 182 (0)

0% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 27

1.23% less ownership

Funds ownership: 72.65% → 71.42% (-1.2%)

11% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 61

18% less capital invested

Capital invested by funds: $1.08B → $889M (-$194M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
182
Holders Change
–
Holders Change %
0%
% of All Funds
3.67%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
27
Increased
54
Reduced
61
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$6.58M
2
Millennium Management
Millennium Management
New York
+$5.21M
3
BCM
Bridgeway Capital Management
Texas
+$4.89M
4
ECA
Endeavour Capital Advisors
Connecticut
+$3.96M
5
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$3.57M

Top Sellers

Rank Fund Capital Flow
1
VNIM
Vaughan Nelson Investment Management
Texas
-$23.1M
2
FMC
First Merchants Corp
Indiana
-$7.73M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$6.42M
4
Bank of America
Bank of America
North Carolina
-$6.2M
5
BlackRock
BlackRock
New York
-$4.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
51
AllianceBernstein
Tennessee
$1.84M +$52.5K +2,103 +3%
FFBTD
52
First Financial Bank - Trust Division
Ohio
$1.75M – – –
ECM
53
ExodusPoint Capital Management
New York
$1.67M +$1.47M +58,807 +443%
PNC
54
Park National Corp
Ohio
$1.6M – – –
CS
55
Credit Suisse
Switzerland
$1.55M -$63K -2,521 -4%
Prudential Financial
56
Prudential Financial
New Jersey
$1.54M -$23.4K -936 -1%
Voloridge Investment Management
57
Voloridge Investment Management
Florida
$1.5M +$265K +10,593 +20%
FA
58
FCG Advisors
New Jersey
$1.44M -$72.9K -2,918 -4%
UBS AM
59
UBS AM
Illinois
$1.32M – – –
Fisher Asset Management
60
Fisher Asset Management
Washington
$1.27M -$262K -10,485 -16%
PFM
61
Premier Fund Managers
United Kingdom
$1.23M +$122K +4,900 +10%
GC
62
Guggenheim Capital
Illinois
$1.2M -$176K -7,058 -12%
KOCAA
63
Knights of Columbus Asset Advisors
Connecticut
$1.12M +$179K +7,171 +17%
Invesco
64
Invesco
Georgia
$1.12M -$32.9K -1,317 -3%
ONB
65
Old National Bancorp
Indiana
$1.09M – – –
Citadel Advisors
66
Citadel Advisors
Florida
$1.08M +$314K +12,554 +37%
Morgan Stanley
67
Morgan Stanley
New York
$1.07M -$206K -8,264 -15%
Los Angeles Capital Management
68
Los Angeles Capital Management
California
$972K – – –
D.E. Shaw & Co
69
D.E. Shaw & Co
New York
$955K +$1.03M +41,244 New
Bank of America
70
Bank of America
North Carolina
$934K -$6.2M -248,114 -86%
T. Rowe Price Associates
71
T. Rowe Price Associates
Maryland
$893K – – –
MAM
72
Martingale Asset Management
Massachusetts
$837K +$252K +10,100 +39%
Thrivent Financial for Lutherans
73
Thrivent Financial for Lutherans
Minnesota
$816K +$880K +35,230 New
OAM
74
Oppenheimer Asset Management
New York
$811K -$26.7K -1,069 -3%
State Board of Administration of Florida Retirement System
75
State Board of Administration of Florida Retirement System
Florida
$811K – – –
1 2
3
4 5

FRME Hedge Fund Activity: Q3 2020 in Review

182 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2020, worth a combined $889M — down 18% from $1.08B a quarter earlier.

Fund positioning in FRME was balanced in Q3 2020: 27 funds opened new positions, 27 closed out, 54 added to existing stakes and 61 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $6.58M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $23.1M sold.

  • 182 institutional investors held First Merchants (FRME) as of Q3 2020, unchanged from Q2 2020.
  • Funds reported $889M of First Merchants stock for Q3 2020, down 18% quarter-over-quarter.
  • 27 funds opened new First Merchants positions in Q3 2020 and 27 closed out, a net change of 0 holders.
  • The largest First Merchants buyer in Q3 2020 was Bank of Montreal, an estimated $6.58M added.
  • The largest First Merchants seller in Q3 2020 was Vaughan Nelson Investment Management, an estimated $23.1M sold.

Based on aggregated 13F filings for Q3 2020.