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First Merchants
FRME

119 hedge funds and large institutions have $361M invested in First Merchants in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 34 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

32% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 34

6% more funds holding

Funds holding: 112 → 119 (+7)

4% more capital invested

Capital invested by funds: $348M → $361M (+$12.5M)

Holders
119
Holders Change
+7
Holders Change %
+6.25%
% of All Funds
3.86%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
13
Increased
45
Reduced
34
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$8.92M
2
BNP Paribas Asset Management
BNP Paribas Asset Management
France
+$3.01M
3
LSV Asset Management
LSV Asset Management
Illinois
+$2.68M
4
QBFM
QS Batterymarch Financial Management
New York
+$2.05M
5
MSA
Mason Street Advisors
Wisconsin
+$2.01M

Top Sellers

Rank Fund Capital Flow
1
AL
AJO LP
Pennsylvania
-$4.4M
2
Ameriprise
Ameriprise
Minnesota
-$2.15M
3
UOC
UBS O'Connor
Illinois
-$1.93M
4
RFC
Russell Frank Company
Washington
-$1.47M
5
MA
MUFG Americas
New York
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
OSAM
76
O'Shaughnessy Asset Management
Connecticut
$334K -$41K -2,282 -11%
VOYA Investment Management
77
VOYA Investment Management
Georgia
$333K – – –
Public Employees Retirement Association of Colorado
78
Public Employees Retirement Association of Colorado
Colorado
$322K – – –
ProShare Advisors
79
ProShare Advisors
Maryland
$317K -$3.41K -190 -1%
BA
80
BlackRock Advisors
Delaware
$305K -$1.92K -107 -0.6%
Arrowstreet Capital
81
Arrowstreet Capital
Massachusetts
$300K -$66.2K -3,688 -18%
BG
82
BlackRock Group
United Kingdom
$281K +$291K +16,202 New
SG Americas Securities
83
SG Americas Securities
New York
$235K +$121K +6,742 +99%
Axa
84
Axa
France
$234K +$217K +12,100 +864%
Los Angeles Capital Management
85
Los Angeles Capital Management
California
$225K +$233K +12,990 New
AQR Capital Management
86
AQR Capital Management
Connecticut
$215K +$5.87K +327 +3%
Nomura Holdings
87
Nomura Holdings
Japan
$206K +$213K +11,887 New
MFIMFI
88
Mesirow Financial Investment Management - Fixed Income
Illinois
$193K +$200K +11,138 New
PP
89
PDT Partners
New York
$186K +$193K +10,736 New
GCP
90
GSA Capital Partners
United Kingdom
$184K +$190K +10,600 New
FQ
91
First Quadrant
California
$173K -$64.6K -3,600 -26%
KFC
92
Klingenstein Fields & Co
New York
$173K – – –
Citigroup
93
Citigroup
New York
$166K -$151K -8,402 -47%
Barclays
94
Barclays
United Kingdom
$149K -$5.17K -288 -3%
CCMH
95
Cornerstone Capital Management Holdings
New York
$137K -$38.6K -2,148 -21%
ClearBridge Investments
96
ClearBridge Investments
New York
$132K – – –
Bank of America
97
Bank of America
North Carolina
$128K -$544K -30,300 -80%
Bank of Montreal
98
Bank of Montreal
Ontario, Canada
$80K – – –
CAM
99
ClariVest Asset Management
California
$66K -$3.59K -200 -5%
Teacher Retirement System of Texas
100
Teacher Retirement System of Texas
Texas
$61K +$29.7K +1,655 +88%
1 2 3
4
5

FRME Hedge Fund Activity: Q3 2013 in Review

119 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2013, worth a combined $361M — up 3.6% from $348M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FRME positions and 6 closed out — a net gain of 7 holders — while 45 added to existing stakes and 34 trimmed.

The largest buyer was Bryn Mawr Capital Management Inc, adding an estimated $8.92M. The largest seller was AJO LP, exiting entirely with an estimated $4.4M sold.

  • 119 institutional investors held First Merchants (FRME) as of Q3 2013, up from 112 in Q2 2013.
  • Funds reported $361M of First Merchants stock for Q3 2013, up 3.6% quarter-over-quarter.
  • 13 funds opened new First Merchants positions in Q3 2013 and 6 closed out, a net change of +7 holders.
  • The largest First Merchants buyer in Q3 2013 was Bryn Mawr Capital Management Inc, an estimated $8.92M added.
  • The largest First Merchants seller in Q3 2013 was AJO LP, an estimated $4.4M sold.

Based on aggregated 13F filings for Q3 2013.