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First Merchants
FRME

186 hedge funds and large institutions have $1.41B invested in First Merchants in 2019 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 52 increasing their positions, 73 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.12% more ownership

Funds ownership: 73.67% → 74.79% (+1.1%)

4% more capital invested

Capital invested by funds: $1.35B → $1.41B (+$58.4M)

8% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 25

3% less funds holding

Funds holding: 191 → 186 (-5)

29% less repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 73

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
186
Holders Change
-5
Holders Change %
-2.62%
% of All Funds
4.04%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
23
Increased
52
Reduced
73
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EARNEST Partners
EARNEST Partners
Georgia
+$66.2M
2
N
Nuveen
North Carolina
+$19.8M
3
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
+$15.5M
4
Goldman Sachs
Goldman Sachs
New York
+$9.52M
5
BlackRock
BlackRock
New York
+$9.48M

Top Sellers

Rank Fund Capital Flow
1
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
-$24.7M
2
Millennium Management
Millennium Management
New York
-$22.6M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$10.9M
4
Nordea Investment Management
Nordea Investment Management
Sweden
-$6.06M
5
CAM
ClariVest Asset Management
California
-$5.76M
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
76
Susquehanna International Group
Pennsylvania
$1.52M +$1.47M +40,141 New
Citadel Advisors
77
Citadel Advisors
Florida
$1.52M +$290K +7,914 +25%
PCMI
78
Paradigm Capital Management Inc
New York
$1.5M – – –
N
79
Natixis
France
$1.5M +$1.45M +39,477 New
HSBC Holdings
80
HSBC Holdings
United Kingdom
$1.49M +$1.44M +39,405 New
OAM
81
Oppenheimer Asset Management
New York
$1.49M +$1.44M +39,365 New
State Board of Administration of Florida Retirement System
82
State Board of Administration of Florida Retirement System
Florida
$1.44M – – –
PAM
83
Panagora Asset Management
Massachusetts
$1.4M +$571K +15,584 +73%
Barclays
84
Barclays
United Kingdom
$1.39M +$204K +5,560 +18%
T. Rowe Price Associates
85
T. Rowe Price Associates
Maryland
$1.26M +$3.92K +107 +0.3%
AIG
86
American International Group
New York
$1.18M -$11.9K -324 -1%
Ameriprise
87
Ameriprise
Minnesota
$1.15M -$682K -18,631 -38%
LSV Asset Management
88
LSV Asset Management
Illinois
$1.1M – – –
Jacobs Levy Equity Management
89
Jacobs Levy Equity Management
New Jersey
$1.1M +$326K +8,890 +44%
Envestnet Asset Management
90
Envestnet Asset Management
Illinois
$1.08M -$323K -8,827 -24%
CIC
91
Cornercap Investment Counsel
Georgia
$1.08M +$1.04M +28,515 New
MAM
92
Martingale Asset Management
Massachusetts
$1.04M -$265K -7,225 -21%
BO
93
BRR OpCo
Ohio
$975K +$23.5K +641 +3%
MIM
94
MetLife Investment Management
New Jersey
$941K – – –
Legal & General Group
95
Legal & General Group
United Kingdom
$930K +$16K +436 +2%
IB
96
Intrust Bank
Kansas
$904K -$118K -3,215 -12%
VOYA Investment Management
97
VOYA Investment Management
Georgia
$833K -$10.1K -275 -1%
SEI Investments
98
SEI Investments
Pennsylvania
$818K -$461K -12,600 -37%
US Bancorp
99
US Bancorp
Minnesota
$815K +$180K +4,908 +30%
KBC Group
100
KBC Group
Belgium
$791K – – –
2 3
4
5 6

FRME Hedge Fund Activity: Q2 2019 in Review

186 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2019, worth a combined $1.41B — up 4.3% from $1.35B a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of FRME and 23 opened new positions — a net loss of 2 holders — while 73 trimmed existing stakes and 52 added.

The largest buyer was EARNEST Partners, opening a new position worth an estimated $66.2M. The largest seller was Cardinal Capital Management LLC (Connecticut), cutting an estimated $24.7M.

  • 186 institutional investors held First Merchants (FRME) as of Q2 2019, down from 191 in Q1 2019.
  • Funds reported $1.41B of First Merchants stock for Q2 2019, up 4.3% quarter-over-quarter.
  • 23 funds opened new First Merchants positions in Q2 2019 and 25 closed out, a net change of -2 holders.
  • The largest First Merchants buyer in Q2 2019 was EARNEST Partners, an estimated $66.2M added.
  • The largest First Merchants seller in Q2 2019 was Cardinal Capital Management LLC (Connecticut), an estimated $24.7M sold.

Based on aggregated 13F filings for Q2 2019.