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First Merchants
FRME

185 hedge funds and large institutions have $1.48B invested in First Merchants in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 62 increasing their positions, 60 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more call options, than puts

Call options by funds: $408K | Put options by funds: $215K

75% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 16

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

11% more capital invested

Capital invested by funds: $1.33B → $1.48B (+$149M)

6% more funds holding

Funds holding: 175 → 185 (+10)

3% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 60

10.55% less ownership

Funds ownership: 80.59% → 70.05% (-11%)

Holders
185
Holders Change
+10
Holders Change %
+5.71%
% of All Funds
4.61%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
28
Increased
62
Reduced
60
Closed
16
Calls
$408K
Puts
$215K
Net Calls
+$193K
Net Calls Change
+$145K

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$48.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$40.1M
3
Boston Partners
Boston Partners
Massachusetts
+$19.6M
4
State Street
State Street
Massachusetts
+$11.3M
5
Millennium Management
Millennium Management
New York
+$8.35M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$32.6M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$19.4M
3
VNIM
Vaughan Nelson Investment Management
Texas
-$16.4M
4
SFM
Systematic Financial Management
New Jersey
-$15.8M
5
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
-$15.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
State Board of Administration of Florida Retirement System
76
State Board of Administration of Florida Retirement System
Florida
$2.6M -$14.7K -369 -0.6%
ERSOT
77
Employees Retirement System of Texas
Texas
$2.53M – – –
VRS
78
Virginia Retirement Systems
Virginia
$2.38M -$155K -3,900 -7%
SEI Investments
79
SEI Investments
Pennsylvania
$2.31M -$122K -3,071 -5%
AllianceBernstein
80
AllianceBernstein
Tennessee
$2.25M – – –
Thrivent Financial for Lutherans
81
Thrivent Financial for Lutherans
Minnesota
$2.23M -$846K -21,241 -29%
RhumbLine Advisers
82
RhumbLine Advisers
Massachusetts
$2.22M +$13.7K +345 +0.7%
3C
83
361 Capital
Colorado
$2.16M +$2M +50,240 New
Prudential Financial
84
Prudential Financial
New Jersey
$2.15M -$2.47M -61,997 -55%
Citadel Advisors
85
Citadel Advisors
Florida
$2.08M +$1.48M +37,059 +326%
Stifel Financial
86
Stifel Financial
Missouri
$2.01M +$18.8K +471 +1%
ONB
87
Old National Bancorp
Indiana
$1.99M +$1.85M +46,418 New
Two Sigma Investments
88
Two Sigma Investments
New York
$1.95M +$712K +17,878 +65%
Royal Bank of Canada
89
Royal Bank of Canada
Ontario, Canada
$1.87M -$19K -476 -1%
PIA
90
Piedmont Investment Advisors
North Carolina
$1.85M -$747K -18,770 -30%
EMFAT
91
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.81M – – –
PCMI
92
Paradigm Capital Management Inc
New York
$1.66M – – –
Susquehanna International Group
93
Susquehanna International Group
Pennsylvania
$1.65M -$389K -9,781 -20%
ECM
94
ETrade Capital Management
Virginia
$1.55M +$369K +9,275 +35%
TF
95
TIAA FSB
Florida
$1.51M +$1.41M +35,294 New
BO
96
BRR OpCo
Ohio
$1.45M -$341K -8,575 -20%
VFA
97
Valeo Financial Advisors
Indiana
$1.43M +$1.33M +33,400 New
Los Angeles Capital Management
98
Los Angeles Capital Management
California
$1.42M – – –
DPI
99
Diversified Portfolios Inc
Michigan
$1.3M – – –
MLICM
100
Metropolitan Life Insurance Company (MetLife)
New York
$1.22M -$14.9K -375 -1%
2 3
4
5 6

FRME Hedge Fund Activity: Q3 2017 in Review

185 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2017, worth a combined $1.48B — up 11% from $1.33B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new FRME positions and 16 closed out — a net gain of 12 holders — while 62 added to existing stakes and 60 trimmed.

The largest buyer was Vanguard Group, adding an estimated $48.1M. The largest seller was Wellington Management Group, cutting an estimated $32.6M.

  • 185 institutional investors held First Merchants (FRME) as of Q3 2017, up from 175 in Q2 2017.
  • Funds reported $1.48B of First Merchants stock for Q3 2017, up 11% quarter-over-quarter.
  • 28 funds opened new First Merchants positions in Q3 2017 and 16 closed out, a net change of +12 holders.
  • The largest First Merchants buyer in Q3 2017 was Vanguard Group, an estimated $48.1M added.
  • The largest First Merchants seller in Q3 2017 was Wellington Management Group, an estimated $32.6M sold.

Based on aggregated 13F filings for Q3 2017.