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First Merchants
FRME

191 hedge funds and large institutions have $1.44B invested in First Merchants in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 66 increasing their positions, 65 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 15

3% more funds holding

Funds holding: 186 → 191 (+5)

2% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 65

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.83% less ownership

Funds ownership: 70.41% → 69.58% (-0.83%)

1% less capital invested

Capital invested by funds: $1.46B → $1.44B (-$18.7M)

Holders
191
Holders Change
+5
Holders Change %
+2.69%
% of All Funds
4.38%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
21
Increased
66
Reduced
65
Closed
15
Calls
$213K
Puts
–
Net Calls
+$213K
Net Calls Change
-$65K

Top Buyers

Rank Fund Capital Flow
1
TA
Teachers Advisors
New York
+$11.8M
2
Millennium Management
Millennium Management
New York
+$8.68M
3
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$7.86M
4
Boston Partners
Boston Partners
Massachusetts
+$5.68M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$4.57M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$14.4M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$6.89M
3
PAM
Panagora Asset Management
Massachusetts
-$4.99M
4
First Trust Advisors
First Trust Advisors
Illinois
-$3.39M
5
Bank of America
Bank of America
North Carolina
-$3.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
PIA
76
Piedmont Investment Advisors
North Carolina
$1.8M – – –
EMFAT
77
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.76M – – –
ERSOT
78
Employees Retirement System of Texas
Texas
$1.71M – – –
State Board of Administration of Florida Retirement System
79
State Board of Administration of Florida Retirement System
Florida
$1.62M – – –
PCMI
80
Paradigm Capital Management Inc
New York
$1.61M – – –
Federated Hermes
81
Federated Hermes
Pennsylvania
$1.48M -$1.13M -26,486 -43%
LSV Asset Management
82
LSV Asset Management
Illinois
$1.47M -$85.5K -2,000 -5%
VFA
83
Valeo Financial Advisors
Indiana
$1.39M – – –
Royal Bank of Canada
84
Royal Bank of Canada
Ontario, Canada
$1.36M -$74.7K -1,746 -5%
DPI
85
Diversified Portfolios Inc
Michigan
$1.26M – – –
ECM
86
ETrade Capital Management
Virginia
$1.25M -$260K -6,075 -17%
WG
87
Winton Group
United Kingdom
$1.23M +$1.26M +29,452 New
Los Angeles Capital Management
88
Los Angeles Capital Management
California
$1.22M – – –
AG
89
Algert Global
California
$1.19M +$1.22M +28,633 New
IB
90
Intrust Bank
Kansas
$1.16M +$7.27K +170 +0.6%
GCP
91
GSA Capital Partners
United Kingdom
$1.16M +$503K +11,757 +73%
T. Rowe Price Associates
92
T. Rowe Price Associates
Maryland
$1.12M +$3.42K +80 +0.3%
AIG
93
American International Group
New York
$1.09M -$60.2K -1,408 -5%
Balyasny Asset Management
94
Balyasny Asset Management
Illinois
$1.04M +$684K +16,000 +181%
UBS AM
95
UBS AM
Illinois
$1.02M +$684 +16 +0.1%
BO
96
BRR OpCo
Ohio
$973K -$158K -3,700 -14%
Brown Advisory
97
Brown Advisory
Maryland
$914K +$356K +8,312 +61%
PP
98
PDT Partners
New York
$905K -$2.27M -53,000 -71%
HI
99
HBK Investments
Texas
$858K +$161K +3,770 +22%
Fifth Third Bancorp
100
Fifth Third Bancorp
Ohio
$817K +$35.6K +832 +4%
2 3
4
5 6

FRME Hedge Fund Activity: Q1 2018 in Review

191 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2018, worth a combined $1.44B — down 1.3% from $1.46B a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FRME positions and 15 closed out — a net gain of 6 holders — while 66 added to existing stakes and 65 trimmed.

The largest buyer was Teachers Advisors, adding an estimated $11.8M. The largest seller was BlackRock, cutting an estimated $14.4M.

  • 191 institutional investors held First Merchants (FRME) as of Q1 2018, up from 186 in Q4 2017.
  • Funds reported $1.44B of First Merchants stock for Q1 2018, down 1.3% quarter-over-quarter.
  • 21 funds opened new First Merchants positions in Q1 2018 and 15 closed out, a net change of +6 holders.
  • The largest First Merchants buyer in Q1 2018 was Teachers Advisors, an estimated $11.8M added.
  • The largest First Merchants seller in Q1 2018 was BlackRock, an estimated $14.4M sold.

Based on aggregated 13F filings for Q1 2018.