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First Merchants
FRME

170 hedge funds and large institutions have $1.16B invested in First Merchants in 2016 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 60 increasing their positions, 55 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

115% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 13

75.73% more ownership

Funds ownership: 0% → 75.73% (+76%)

43% more capital invested

Capital invested by funds: $813M → $1.16B (+$350M)

8% more funds holding

Funds holding: 157 → 170 (+13)

9% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 55

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
170
Holders Change
+13
Holders Change %
+8.28%
% of All Funds
4.25%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
28
Increased
60
Reduced
55
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCAMU
Rothschild & Co Asset Management US
Connecticut
+$10.4M
2
BFA
BlackRock Fund Advisors
California
+$6.12M
3
VNIM
Vaughan Nelson Investment Management
Texas
+$5.04M
4
Morgan Stanley
Morgan Stanley
New York
+$4.94M
5
JP Morgan Chase
JP Morgan Chase
New York
+$3.97M

Top Sellers

Rank Fund Capital Flow
1
CCCPI
Castle Creek Capital Partners IV
California
-$24.9M
2
Allianz Asset Management
Allianz Asset Management
Germany
-$14.2M
3
EM
Endicott Management
New York
-$2.72M
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$2.14M
5
BCM
Bridgeway Capital Management
Texas
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
76
Bank of Montreal
Ontario, Canada
$1.77M +$393K +12,357 +31%
SEI Investments
77
SEI Investments
Pennsylvania
$1.77M +$1.46M +45,958 +4,985%
VRS
78
Virginia Retirement Systems
Virginia
$1.74M -$82.6K -2,600 -5%
Citigroup
79
Citigroup
New York
$1.72M +$1.24M +38,875 +568%
PPA
80
Parametric Portfolio Associates
Washington
$1.65M +$89.6K +2,820 +7%
Fisher Asset Management
81
Fisher Asset Management
Washington
$1.57M -$1.48M -46,449 -53%
Thrivent Financial for Lutherans
82
Thrivent Financial for Lutherans
Minnesota
$1.56M – – –
TRSOTSOK
83
Teachers Retirement System of the State of Kentucky
Kentucky
$1.48M – – –
Federated Hermes
84
Federated Hermes
Pennsylvania
$1.39M +$573K +18,024 +96%
ZCM
85
Zebra Capital Management
Connecticut
$1.32M -$538K -16,933 -33%
Ameriprise
86
Ameriprise
Minnesota
$1.27M +$1.07M +33,690 New
Los Angeles Capital Management
87
Los Angeles Capital Management
California
$1.24M – – –
ECM
88
ETrade Capital Management
Virginia
$1.2M -$196K -6,156 -16%
MLICM
89
Metropolitan Life Insurance Company (MetLife)
New York
$1.1M -$13.7K -431 -1%
T. Rowe Price Associates
90
T. Rowe Price Associates
Maryland
$1.08M – – –
IB
91
Intrust Bank
Kansas
$1.06M -$24.1K -758 -3%
BA
92
BlackRock Advisors
Delaware
$1.01M +$175K +5,516 +26%
Fifth Third Bancorp
93
Fifth Third Bancorp
Ohio
$941K -$242K -7,617 -23%
Two Sigma Investments
94
Two Sigma Investments
New York
$918K -$485K -15,261 -38%
AIG
95
American International Group
New York
$882K -$1.94K -61 -0.3%
GCP
96
GSA Capital Partners
United Kingdom
$797K -$114K -3,583 -14%
SFG
97
StrategIQ Financial Group
Indiana
$772K +$652K +20,516 New
BlackRock
98
BlackRock
New York
$722K +$245K +7,716 +67%
EMFAT
99
Emerald Mutual Fund Advisers Trust
Pennsylvania
$717K – – –
MC
100
Menta Capital
California
$712K -$75.8K -2,385 -11%
2 3
4
5 6

FRME Hedge Fund Activity: Q4 2016 in Review

170 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2016, worth a combined $1.16B — up 43% from $813M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new FRME positions and 13 closed out — a net gain of 15 holders — while 60 added to existing stakes and 55 trimmed.

The largest buyer was Rothschild & Co Asset Management US, opening a new position worth an estimated $10.4M. The largest seller was Castle Creek Capital Partners IV, exiting entirely with an estimated $24.9M sold.

  • 170 institutional investors held First Merchants (FRME) as of Q4 2016, up from 157 in Q3 2016.
  • Funds reported $1.16B of First Merchants stock for Q4 2016, up 43% quarter-over-quarter.
  • 28 funds opened new First Merchants positions in Q4 2016 and 13 closed out, a net change of +15 holders.
  • The largest First Merchants buyer in Q4 2016 was Rothschild & Co Asset Management US, an estimated $10.4M added.
  • The largest First Merchants seller in Q4 2016 was Castle Creek Capital Partners IV, an estimated $24.9M sold.

Based on aggregated 13F filings for Q4 2016.