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First Merchants
FRME

126 hedge funds and large institutions have $559M invested in First Merchants in 2013 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 57 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 25

58% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 12

55% more capital invested

Capital invested by funds: $361M → $559M (+$198M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

6% more funds holding

Funds holding: 119 → 126 (+7)

Holders
126
Holders Change
+7
Holders Change %
+5.88%
% of All Funds
3.66%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
19
Increased
57
Reduced
25
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$12.4M
2
PCA
PL Capital Advisors
Florida
+$12.2M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$10.4M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$8.29M
5
PI
Putnam Investments
Massachusetts
+$7.23M

Top Sellers

Rank Fund Capital Flow
1
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
-$8.38M
2
UOC
UBS O'Connor
Illinois
-$3.5M
3
LSV Asset Management
LSV Asset Management
Illinois
-$1.7M
4
RFC
Russell Frank Company
Washington
-$1.68M
5
Millennium Management
Millennium Management
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
RBA
76
Richard Bernstein Advisors
New York
$531K – – –
AIG
77
American International Group
New York
$528K +$78K +3,892 +20%
Citigroup
78
Citigroup
New York
$526K +$272K +13,562 +142%
T. Rowe Price Associates
79
T. Rowe Price Associates
Maryland
$524K +$46.6K +2,325 +11%
CIC
80
Cornercap Investment Counsel
Georgia
$506K +$446K +22,290 New
IAM
81
Iridian Asset Management
Connecticut
$489K – – –
GMIM
82
General Motors Investment Management
New York
$477K – – –
Two Sigma Advisers
83
Two Sigma Advisers
New York
$468K -$44.1K -2,200 -10%
PH
84
Pinnacle Holdings
Oklahoma
$449K +$3.6K +180 +0.9%
Wells Fargo
85
Wells Fargo
California
$438K -$2.4K -120 -0.6%
VOYA Investment Management
86
VOYA Investment Management
Georgia
$437K – – –
NI
87
Numeric Investors
Massachusetts
$429K +$379K +18,900 New
Public Employees Retirement Association of Colorado
88
Public Employees Retirement Association of Colorado
Colorado
$423K – – –
GCP
89
GSA Capital Partners
United Kingdom
$381K +$123K +6,121 +58%
SKK
90
Shepherd Kaplan Krochuk
Massachusetts
$306K +$269K +13,450 New
Arrowstreet Capital
91
Arrowstreet Capital
Massachusetts
$301K -$82K -4,095 -24%
EVC
92
Eidelman Virant Capital
Missouri
$288K +$254K +12,660 New
AQR Capital Management
93
AQR Capital Management
Connecticut
$285K +$2K +100 +0.8%
Two Sigma Investments
94
Two Sigma Investments
New York
$265K +$233K +11,642 New
Susquehanna International Group
95
Susquehanna International Group
Pennsylvania
$241K +$212K +10,606 New
Bank of America
96
Bank of America
North Carolina
$232K +$56K +2,795 +38%
FQ
97
First Quadrant
California
$227K – – –
KFC
98
Klingenstein Fields & Co
New York
$227K – – –
DC
99
Deere & Company
Illinois
$217K +$191K +9,540 New
P
100
Pitcairn
Pennsylvania
$203K +$180K +8,965 New
2 3
4
5 6

FRME Hedge Fund Activity: Q4 2013 in Review

126 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2013, worth a combined $559M — up 55% from $361M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FRME positions and 12 closed out — a net gain of 7 holders — while 57 added to existing stakes and 25 trimmed.

The largest buyer was Dimensional Fund Advisors, adding an estimated $12.4M. The largest seller was Bryn Mawr Capital Management Inc, cutting an estimated $8.38M.

  • 126 institutional investors held First Merchants (FRME) as of Q4 2013, up from 119 in Q3 2013.
  • Funds reported $559M of First Merchants stock for Q4 2013, up 55% quarter-over-quarter.
  • 19 funds opened new First Merchants positions in Q4 2013 and 12 closed out, a net change of +7 holders.
  • The largest First Merchants buyer in Q4 2013 was Dimensional Fund Advisors, an estimated $12.4M added.
  • The largest First Merchants seller in Q4 2013 was Bryn Mawr Capital Management Inc, an estimated $8.38M sold.

Based on aggregated 13F filings for Q4 2013.