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First Merchants
FRME

169 hedge funds and large institutions have $1.27B invested in First Merchants in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 58 increasing their positions, 60 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

176% more call options, than puts

Call options by funds: $185K | Put options by funds: $67K

25% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 20

9% more capital invested

Capital invested by funds: $1.16B → $1.27B (+$107M)

2.58% more ownership

Funds ownership: 75.73% → 78.3% (+2.6%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less funds holding

Funds holding: 170 → 169 (-1)

3% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 60

Holders
169
Holders Change
-1
Holders Change %
-0.59%
% of All Funds
4.21%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
25
Increased
58
Reduced
60
Closed
20
Calls
$185K
Puts
$67K
Net Calls
+$118K
Net Calls Change
+$118K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$132M
2
JP Morgan Chase
JP Morgan Chase
New York
+$20.4M
3
Bank of New York Mellon
Bank of New York Mellon
New York
+$12.8M
4
Principal Financial Group
Principal Financial Group
Iowa
+$8.03M
5
Wells Fargo
Wells Fargo
California
+$6.58M

Top Sellers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
-$15.9M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$13M
3
BFC
Banc Funds Company
Illinois
-$9.56M
4
LSV Asset Management
LSV Asset Management
Illinois
-$4.86M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$4.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
76
Royal Bank of Canada
Ontario, Canada
$1.84M -$223K -5,724 -11%
Bank of Montreal
77
Bank of Montreal
Ontario, Canada
$1.82M -$212K -5,434 -11%
Deutsche Bank
78
Deutsche Bank
Germany
$1.79M -$760K -19,494 -30%
PCMI
79
Paradigm Capital Management Inc
New York
$1.72M -$195K -5,000 -10%
PIA
80
Piedmont Investment Advisors
North Carolina
$1.7M +$955K +24,506 +131%
Connor, Clark & Lunn Investment Management (CC&L)
81
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.7M -$531K -13,625 -24%
Jacobs Levy Equity Management
82
Jacobs Levy Equity Management
New Jersey
$1.69M +$1.45M +37,098 +634%
CS
83
Credit Suisse
Switzerland
$1.64M -$829K -21,269 -34%
TRSOTSOK
84
Teachers Retirement System of the State of Kentucky
Kentucky
$1.54M – – –
Stifel Financial
85
Stifel Financial
Missouri
$1.54M +$1.53M +39,152 New
MOACM
86
Mutual of America Capital Management
New York
$1.37M +$1.36M +34,934 New
Los Angeles Capital Management
87
Los Angeles Capital Management
California
$1.3M – – –
Two Sigma Investments
88
Two Sigma Investments
New York
$1.27M +$305K +7,824 +32%
ZCM
89
Zebra Capital Management
Connecticut
$1.21M -$165K -4,235 -12%
ECM
90
ETrade Capital Management
Virginia
$1.15M -$100K -2,575 -8%
T. Rowe Price Associates
91
T. Rowe Price Associates
Maryland
$1.13M +$156 +4 +0%
MLICM
92
Metropolitan Life Insurance Company (MetLife)
New York
$1.12M -$29K -745 -3%
IB
93
Intrust Bank
Kansas
$1.1M -$9.16K -235 -0.8%
Norges Bank
94
Norges Bank
Norway
$988K +$980K +25,131 New
AIG
95
American International Group
New York
$958K +$36.5K +936 +4%
HIM
96
Hillsdale Investment Management
Ontario, Canada
$948K +$940K +24,100 New
DPI
97
Diversified Portfolios Inc
Michigan
$902K +$169K +4,347 +23%
FMC
98
First Merchants Corp
Indiana
$857K +$298K +7,642 +54%
Fifth Third Bancorp
99
Fifth Third Bancorp
Ohio
$821K -$160K -4,111 -16%
NAM
100
NorthCoast Asset Management
Connecticut
$724K +$717K +18,403 New
2 3
4
5 6

FRME Hedge Fund Activity: Q1 2017 in Review

169 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2017, worth a combined $1.27B — up 9.2% from $1.16B a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FRME positions and 20 closed out — a net gain of 5 holders — while 58 added to existing stakes and 60 trimmed.

The largest buyer was BlackRock, adding an estimated $132M. The largest seller was Allianz Asset Management, cutting an estimated $15.9M.

  • 169 institutional investors held First Merchants (FRME) as of Q1 2017, down from 170 in Q4 2016.
  • Funds reported $1.27B of First Merchants stock for Q1 2017, up 9.2% quarter-over-quarter.
  • 25 funds opened new First Merchants positions in Q1 2017 and 20 closed out, a net change of +5 holders.
  • The largest First Merchants buyer in Q1 2017 was BlackRock, an estimated $132M added.
  • The largest First Merchants seller in Q1 2017 was Allianz Asset Management, an estimated $15.9M sold.

Based on aggregated 13F filings for Q1 2017.