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First Merchants
FRME

142 hedge funds and large institutions have $528M invested in First Merchants in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 42 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

12% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 42

7% more funds holding

Funds holding: 133 → 142 (+9)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

3% less capital invested

Capital invested by funds: $545M → $528M (-$17.4M)

Holders
142
Holders Change
+9
Holders Change %
+6.77%
% of All Funds
4.12%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
15
Increased
47
Reduced
42
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$9.19M
2
MCM
Maltese Capital Management
New York
+$4.67M
3
RFC
Russell Frank Company
Washington
+$3.36M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$2.68M
5
LSV Asset Management
LSV Asset Management
Illinois
+$2.59M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$3.54M
2
Millennium Management
Millennium Management
New York
-$2.94M
3
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
-$2.93M
4
BNP Paribas Asset Management
BNP Paribas Asset Management
France
-$1.94M
5
SFM
Systematic Financial Management
New Jersey
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
Swiss National Bank
76
Swiss National Bank
Switzerland
$685K – – –
SO
77
STRS Ohio
Ohio
$614K -$28.5K -1,400 -4%
PCMI
78
Paradigm Capital Management Inc
New York
$606K +$611K +30,000 New
MLICM
79
Metropolitan Life Insurance Company (MetLife)
New York
$578K – – –
Wells Fargo
80
Wells Fargo
California
$548K -$45.8K -2,247 -8%
SWITC
81
Stewart West Indies Trading Company
Colorado
$537K – – –
Ohio Public Employees Retirement System (OPERS)
82
Ohio Public Employees Retirement System (OPERS)
Ohio
$483K +$124K +6,064 +34%
Comerica Bank
83
Comerica Bank
Texas
$477K +$481K +23,591 New
AIG
84
American International Group
New York
$476K -$367 -18 -0.1%
RBA
85
Richard Bernstein Advisors
New York
$471K – – –
Stifel Financial
86
Stifel Financial
Missouri
$469K +$8.35K +410 +2%
T. Rowe Price Associates
87
T. Rowe Price Associates
Maryland
$466K – – –
CIC
88
Cornercap Investment Counsel
Georgia
$453K -$8.56K -420 -2%
GMIM
89
General Motors Investment Management
New York
$448K +$24.8K +1,215 +6%
ECM
90
ETrade Capital Management
Virginia
$424K +$187K +9,166 +77%
BA
91
BlackRock Advisors
Delaware
$419K -$14.8K -724 -3%
PH
92
Pinnacle Holdings
Oklahoma
$399K – – –
VOYA Investment Management
93
VOYA Investment Management
Georgia
$388K – – –
Fifth Third Bancorp
94
Fifth Third Bancorp
Ohio
$382K -$20K -984 -5%
Public Employees Retirement Association of Colorado
95
Public Employees Retirement Association of Colorado
Colorado
$376K – – –
Axa
96
Axa
France
$338K -$126K -6,200 -27%
ACI
97
AMP Capital Investors
Australia
$317K -$265K -13,000 -45%
Lazard Asset Management
98
Lazard Asset Management
New York
$315K -$265K -13,000 -45%
Ameriprise
99
Ameriprise
Minnesota
$305K -$125K -6,133 -29%
PCM
100
Palouse Capital Management
Washington
$304K -$3.16K -155 -1%
2 3
4
5 6

FRME Hedge Fund Activity: Q3 2014 in Review

142 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2014, worth a combined $528M — down 3.2% from $545M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FRME positions and 6 closed out — a net gain of 9 holders — while 47 added to existing stakes and 42 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $9.19M. The largest seller was Wellington Management Group, cutting an estimated $3.54M.

  • 142 institutional investors held First Merchants (FRME) as of Q3 2014, up from 133 in Q2 2014.
  • Funds reported $528M of First Merchants stock for Q3 2014, down 3.2% quarter-over-quarter.
  • 15 funds opened new First Merchants positions in Q3 2014 and 6 closed out, a net change of +9 holders.
  • The largest First Merchants buyer in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $9.19M added.
  • The largest First Merchants seller in Q3 2014 was Wellington Management Group, an estimated $3.54M sold.

Based on aggregated 13F filings for Q3 2014.