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First Merchants
FRME

185 hedge funds and large institutions have $1.52B invested in First Merchants in 2020 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 61 increasing their positions, 63 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more capital invested

Capital invested by funds: $889M → $1.52B (+$635M)

24% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 25

3.62% more ownership

Funds ownership: 71.42% → 75.04% (+3.6%)

2% more funds holding

Funds holding: 182 → 185 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 63

Holders
185
Holders Change
+3
Holders Change %
+1.65%
% of All Funds
3.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
31
Increased
61
Reduced
63
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$16.7M
2
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$16.6M
3
JP Morgan Chase
JP Morgan Chase
New York
+$11.6M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$10.3M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$7.54M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$16.8M
2
Renaissance Technologies
Renaissance Technologies
New York
-$5.12M
3
N
Nuveen
North Carolina
-$2.9M
4
PC
Pier Capital
Connecticut
-$2.57M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
51
Denali Advisors
California
$4.01M +$459K +14,800 +16%
State of New Jersey Common Pension Fund D
52
State of New Jersey Common Pension Fund D
New Jersey
$3.57M -$91.2K -2,937 -3%
Invesco
53
Invesco
Georgia
$3.52M +$1.42M +45,714 +94%
CS
54
Credit Suisse
Switzerland
$3.13M +$518K +16,672 +25%
California State Teachers Retirement System (CalSTRS)
55
California State Teachers Retirement System (CalSTRS)
California
$3.06M +$13.8K +445 +0.5%
AllianceBernstein
56
AllianceBernstein
Tennessee
$2.89M -$76.3K -2,458 -3%
FFBTD
57
First Financial Bank - Trust Division
Ohio
$2.83M – – –
Ameriprise
58
Ameriprise
Minnesota
$2.76M -$277K -8,923 -11%
Morgan Stanley
59
Morgan Stanley
New York
$2.65M +$761K +24,507 +53%
PNC
60
Park National Corp
Ohio
$2.57M -$10.2K -330 -0.5%
Prudential Financial
61
Prudential Financial
New Jersey
$2.57M +$65.8K +2,121 +3%
KOCAA
62
Knights of Columbus Asset Advisors
Connecticut
$2.52M +$588K +18,926 +39%
BO
63
BRR OpCo
Ohio
$2.51M +$1.28M +41,149 +159%
RBA
64
Richard Bernstein Advisors
New York
$2.32M +$1.92M +61,977 New
GC
65
Guggenheim Capital
Illinois
$2.31M +$304K +9,782 +19%
Fisher Asset Management
66
Fisher Asset Management
Washington
$1.99M -$52.2K -1,681 -3%
PFM
67
Premier Fund Managers
United Kingdom
$1.97M – – –
SEI Investments
68
SEI Investments
Pennsylvania
$1.93M +$611K +19,680 +62%
UBS AM
69
UBS AM
Illinois
$1.87M -$223K -7,172 -13%
Bank of America
70
Bank of America
North Carolina
$1.86M +$292K +9,399 +23%
Arrowstreet Capital
71
Arrowstreet Capital
Massachusetts
$1.82M -$1.96M -63,288 -57%
ONB
72
Old National Bancorp
Indiana
$1.81M +$34.2K +1,100 +2%
T. Rowe Price Associates
73
T. Rowe Price Associates
Maryland
$1.68M +$197K +6,343 +16%
Los Angeles Capital Management
74
Los Angeles Capital Management
California
$1.57M – – –
Deutsche Bank
75
Deutsche Bank
Germany
$1.52M +$334K +10,745 +36%
1 2
3
4 5

FRME Hedge Fund Activity: Q4 2020 in Review

185 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2020, worth a combined $1.52B — up 71% from $889M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new FRME positions and 25 closed out — a net gain of 6 holders — while 61 added to existing stakes and 63 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $16.7M. The largest seller was Fidelity Investments, cutting an estimated $16.8M.

  • 185 institutional investors held First Merchants (FRME) as of Q4 2020, up from 182 in Q3 2020.
  • Funds reported $1.52B of First Merchants stock for Q4 2020, up 71% quarter-over-quarter.
  • 31 funds opened new First Merchants positions in Q4 2020 and 25 closed out, a net change of +6 holders.
  • The largest First Merchants buyer in Q4 2020 was DePrince Race & Zollo Inc (DRZ), an estimated $16.7M added.
  • The largest First Merchants seller in Q4 2020 was Fidelity Investments, an estimated $16.8M sold.

Based on aggregated 13F filings for Q4 2020.