First Merchants
FRME
183 hedge funds and large institutions have $1.5B invested in First Merchants in 2019 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 72 increasing their positions, 56 reducing their positions, and 23 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
29% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 56
7% more capital invested
Capital invested by funds: $1.41B → $1.5B (+$97.4M)
2% less funds holding
Funds holding: 186 → 183 (-3)
3.51% less ownership
Funds ownership: 74.79% → 71.27% (-3.5%)
13% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$27.7M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
+$25.2M |
| 3 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$21.2M |
| 4 |
FMC
First Merchants Corp
Muncie,
Indiana
|
+$15.5M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$10.2M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$8.13M |
| 3 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$6.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$5.72M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$4.91M |
FRME Hedge Fund Activity: Q3 2019 in Review
183 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2019, worth a combined $1.5B — up 6.9% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of FRME and 20 opened new positions — a net loss of 3 holders — while 56 trimmed existing stakes and 72 added.
The largest buyer was Victory Capital Management, adding an estimated $27.7M. The largest seller was Nuveen, cutting an estimated $10.2M.
- 183 institutional investors held First Merchants (FRME) as of Q3 2019, down from 186 in Q2 2019.
- Funds reported $1.5B of First Merchants stock for Q3 2019, up 6.9% quarter-over-quarter.
- 20 funds opened new First Merchants positions in Q3 2019 and 23 closed out, a net change of -3 holders.
- The largest First Merchants buyer in Q3 2019 was Victory Capital Management, an estimated $27.7M added.
- The largest First Merchants seller in Q3 2019 was Nuveen, an estimated $10.2M sold.
Based on aggregated 13F filings for Q3 2019.