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First Merchants
FRME

196 hedge funds and large institutions have $1.66B invested in First Merchants in 2019 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 70 increasing their positions, 56 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

115% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 13

25% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 56

10% more capital invested

Capital invested by funds: $1.5B → $1.66B (+$152M)

7% more funds holding

Funds holding: 183 → 196 (+13)

0.26% more ownership

Funds ownership: 71.27% → 71.53% (+0.26%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
196
Holders Change
+13
Holders Change %
+7.1%
% of All Funds
3.86%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
28
Increased
70
Reduced
56
Closed
13
Calls
$761K
Puts
–
Net Calls
+$761K
Net Calls Change
+$761K

Top Buyers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
+$11.6M
2
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$7.33M
3
Victory Capital Management
Victory Capital Management
Texas
+$6.93M
4
EARNEST Partners
EARNEST Partners
Georgia
+$5.82M
5
VNIM
Vaughan Nelson Investment Management
Texas
+$4.04M

Top Sellers

Rank Fund Capital Flow
1
PFP
Patriot Financial Partners
Pennsylvania
-$21.3M
2
BlackRock
BlackRock
New York
-$7.79M
3
American Century Companies
American Century Companies
Missouri
-$6.03M
4
FMC
First Merchants Corp
Indiana
-$5.74M
5
QI
QS Investors
New York
-$3.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
Rafferty Asset Management
76
Rafferty Asset Management
New York
$1.82M +$1.75M +43,850 New
MCM
77
Maltese Capital Management
New York
$1.67M +$1.6M +40,075 New
PCMI
78
Paradigm Capital Management Inc
New York
$1.64M – – –
OAM
79
Oppenheimer Asset Management
New York
$1.61M -$9.3K -233 -0.6%
Ameriprise
80
Ameriprise
Minnesota
$1.6M +$59K +1,478 +4%
DA
81
Denali Advisors
California
$1.53M +$751K +18,800 +104%
T. Rowe Price Associates
82
T. Rowe Price Associates
Maryland
$1.48M +$86.4K +2,163 +6%
State Board of Administration of Florida Retirement System
83
State Board of Administration of Florida Retirement System
Florida
$1.46M -$115K -2,890 -8%
AIG
84
American International Group
New York
$1.42M -$11.5K -288 -0.8%
Legal & General Group
85
Legal & General Group
United Kingdom
$1.4M +$186K +4,646 +16%
Jacobs Levy Equity Management
86
Jacobs Levy Equity Management
New Jersey
$1.36M +$264K +6,600 +25%
Envestnet Asset Management
87
Envestnet Asset Management
Illinois
$1.22M +$519 +13 +0%
RJFSA
88
Raymond James Financial Services Advisors
Florida
$1.12M +$325K +8,152 +44%
BO
89
BRR OpCo
Ohio
$1.08M +$8.35K +209 +0.8%
VOYA Investment Management
90
VOYA Investment Management
Georgia
$1.07M +$152K +3,810 +17%
PAG
91
Private Advisor Group
New Jersey
$1.02M -$223K -5,580 -19%
MIM
92
MetLife Investment Management
New Jersey
$996K – – –
SEI Investments
93
SEI Investments
Pennsylvania
$969K -$1.98M -49,681 -68%
IB
94
Intrust Bank
Kansas
$945K -$7.55K -189 -0.8%
Deutsche Bank
95
Deutsche Bank
Germany
$911K -$443K -11,102 -34%
Commonwealth Equity Services
96
Commonwealth Equity Services
Massachusetts
$824K +$106K +2,666 +16%
HSBC Holdings
97
HSBC Holdings
United Kingdom
$759K +$730K +18,272 New
DCM
98
Dean Capital Management
Kansas
$732K – – –
CPIG
99
Chicago Partners Investment Group
Illinois
$732K +$3.59K +90 +0.5%
MLICM
100
Metropolitan Life Insurance Company (MetLife)
New York
$716K -$14.5K -362 -2%
2 3
4
5 6

FRME Hedge Fund Activity: Q4 2019 in Review

196 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2019, worth a combined $1.66B — up 10% from $1.5B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new FRME positions and 13 closed out — a net gain of 15 holders — while 70 added to existing stakes and 56 trimmed.

The largest buyer was Bank of New York Mellon, adding an estimated $11.6M. The largest seller was Patriot Financial Partners, exiting entirely with an estimated $21.3M sold.

  • 196 institutional investors held First Merchants (FRME) as of Q4 2019, up from 183 in Q3 2019.
  • Funds reported $1.66B of First Merchants stock for Q4 2019, up 10% quarter-over-quarter.
  • 28 funds opened new First Merchants positions in Q4 2019 and 13 closed out, a net change of +15 holders.
  • The largest First Merchants buyer in Q4 2019 was Bank of New York Mellon, an estimated $11.6M added.
  • The largest First Merchants seller in Q4 2019 was Patriot Financial Partners, an estimated $21.3M sold.

Based on aggregated 13F filings for Q4 2019.