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First Merchants
FRME

119 hedge funds and large institutions have $361M invested in First Merchants in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 34 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

32% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 34

6% more funds holding

Funds holding: 112 → 119 (+7)

4% more capital invested

Capital invested by funds: $348M → $361M (+$12.5M)

Holders
119
Holders Change
+7
Holders Change %
+6.25%
% of All Funds
3.86%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
13
Increased
45
Reduced
34
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$8.92M
2
BNP Paribas Asset Management
BNP Paribas Asset Management
France
+$3.01M
3
LSV Asset Management
LSV Asset Management
Illinois
+$2.68M
4
QBFM
QS Batterymarch Financial Management
New York
+$2.05M
5
MSA
Mason Street Advisors
Wisconsin
+$2.01M

Top Sellers

Rank Fund Capital Flow
1
AL
AJO LP
Pennsylvania
-$4.4M
2
Ameriprise
Ameriprise
Minnesota
-$2.15M
3
UOC
UBS O'Connor
Illinois
-$1.93M
4
RFC
Russell Frank Company
Washington
-$1.47M
5
MA
MUFG Americas
New York
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
MAM
101
Meeder Asset Management
Ohio
$58K – – –
KIG
102
Kessler Investment Group
Indiana
$53K +$55.3K +3,079 New
TRCT
103
Tower Research Capital (TRC)
New York
$47K +$49.2K +2,739 New
ITIM
104
Indiana Trust & Investment Management
Indiana
$40K -$173K -9,650 -81%
OIA
105
Optimum Investment Advisors
Illinois
$39K +$40.5K +2,253 New
PCM
106
Prelude Capital Management
New York
$29K +$29.6K +1,650 New
SGAM
107
Smith Group Asset Management
Texas
$24K – – –
ECM
108
ETrade Capital Management
Virginia
$16K +$1.54K +86 +10%
BlackRock
109
BlackRock
New York
$13K – – –
SF
110
Synovus Financial
Georgia
$12K – – –
LWCFA
111
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$11K – – –
FMT
112
First Mercantile Trust
Tennessee
$9K +$3.12K +174 +54%
Manulife (Manufacturers Life Insurance)
113
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$5.86K -$2.87K -160 -0%
U
114
UBS
Switzerland
$5K -$39.3K -2,190 -89%
Envestnet Asset Management
115
Envestnet Asset Management
Illinois
$2K – – –
First Manhattan
116
First Manhattan
New York
$2K – – –
HF
117
Hoxton Financial
West Virginia
$2K – – –
GC
118
Globeflex Capital
California
$1K – – –
WA
119
WFG Advisors
Texas
$1K +$251 +14 +41%
AL
120
AJO LP
Pennsylvania
– -$4.4M -256,300 Closed
MA
121
MUFG Americas
New York
– -$1.38M -80,600 Closed
D.E. Shaw & Co
122
D.E. Shaw & Co
New York
– -$577K -33,631 Closed
Two Sigma Investments
123
Two Sigma Investments
New York
– -$507K -29,572 Closed
BNP Paribas Financial Markets
124
BNP Paribas Financial Markets
France
– -$176K -10,252 Closed
1 2 3 4
5

FRME Hedge Fund Activity: Q3 2013 in Review

119 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2013, worth a combined $361M — up 3.6% from $348M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FRME positions and 6 closed out — a net gain of 7 holders — while 45 added to existing stakes and 34 trimmed.

The largest buyer was Bryn Mawr Capital Management Inc, adding an estimated $8.92M. The largest seller was AJO LP, exiting entirely with an estimated $4.4M sold.

  • 119 institutional investors held First Merchants (FRME) as of Q3 2013, up from 112 in Q2 2013.
  • Funds reported $361M of First Merchants stock for Q3 2013, up 3.6% quarter-over-quarter.
  • 13 funds opened new First Merchants positions in Q3 2013 and 6 closed out, a net change of +7 holders.
  • The largest First Merchants buyer in Q3 2013 was Bryn Mawr Capital Management Inc, an estimated $8.92M added.
  • The largest First Merchants seller in Q3 2013 was AJO LP, an estimated $4.4M sold.

Based on aggregated 13F filings for Q3 2013.