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First Merchants
FRME

126 hedge funds and large institutions have $559M invested in First Merchants in 2013 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 57 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 25

58% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 12

55% more capital invested

Capital invested by funds: $361M → $559M (+$198M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

6% more funds holding

Funds holding: 119 → 126 (+7)

Holders
126
Holders Change
+7
Holders Change %
+5.88%
% of All Funds
3.66%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
19
Increased
57
Reduced
25
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$12.4M
2
PCA
PL Capital Advisors
Florida
+$12.2M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$10.4M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$8.29M
5
PI
Putnam Investments
Massachusetts
+$7.23M

Top Sellers

Rank Fund Capital Flow
1
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
-$8.38M
2
UOC
UBS O'Connor
Illinois
-$3.5M
3
LSV Asset Management
LSV Asset Management
Illinois
-$1.7M
4
RFC
Russell Frank Company
Washington
-$1.68M
5
Millennium Management
Millennium Management
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
ClearBridge Investments
101
ClearBridge Investments
New York
$173K – – –
CAM
102
ClariVest Asset Management
California
$166K +$70.1K +3,500 +92%
Bank of Montreal
103
Bank of Montreal
Ontario, Canada
$130K +$22.2K +1,109 +24%
U
104
UBS
Switzerland
$123K +$103K +5,148 +1,893%
Axa
105
Axa
France
$77K -$202K -10,100 -75%
Barclays
106
Barclays
United Kingdom
$77K -$105K -5,243 -60%
MAM
107
Meeder Asset Management
Ohio
$76K – – –
PNC Financial Services Group
108
PNC Financial Services Group
Pennsylvania
$54K +$46.9K +2,340 New
ITIM
109
Indiana Trust & Investment Management
Indiana
$52K – – –
OIA
110
Optimum Investment Advisors
Illinois
$51K – – –
PCM
111
Prelude Capital Management
New York
$37K – – –
SGAM
112
Smith Group Asset Management
Texas
$32K – – –
Teacher Retirement System of Texas
113
Teacher Retirement System of Texas
Texas
$29K -$45.3K -2,262 -64%
ECM
114
ETrade Capital Management
Virginia
$27K +$5.25K +262 +28%
BlackRock
115
BlackRock
New York
$18K – – –
US Bancorp
116
US Bancorp
Minnesota
$17K +$14.9K +746 New
SF
117
Synovus Financial
Georgia
$16K – – –
LWCFA
118
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$14K – – –
FMT
119
First Mercantile Trust
Tennessee
$11K -$180 -9 -2%
BNP Paribas Financial Markets
120
BNP Paribas Financial Markets
France
$10.9K +$9.55K +477 New
Manulife (Manufacturers Life Insurance)
121
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$10.1K +$2.12M +106,035 +31%
Envestnet Asset Management
122
Envestnet Asset Management
Illinois
$4K +$1.18K +59 +51%
First Manhattan
123
First Manhattan
New York
$2K – – –
GC
124
Globeflex Capital
California
$2K – – –
WA
125
WFG Advisors
Texas
$1K – – –
2 3 4
5
6

FRME Hedge Fund Activity: Q4 2013 in Review

126 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2013, worth a combined $559M — up 55% from $361M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FRME positions and 12 closed out — a net gain of 7 holders — while 57 added to existing stakes and 25 trimmed.

The largest buyer was Dimensional Fund Advisors, adding an estimated $12.4M. The largest seller was Bryn Mawr Capital Management Inc, cutting an estimated $8.38M.

  • 126 institutional investors held First Merchants (FRME) as of Q4 2013, up from 119 in Q3 2013.
  • Funds reported $559M of First Merchants stock for Q4 2013, up 55% quarter-over-quarter.
  • 19 funds opened new First Merchants positions in Q4 2013 and 12 closed out, a net change of +7 holders.
  • The largest First Merchants buyer in Q4 2013 was Dimensional Fund Advisors, an estimated $12.4M added.
  • The largest First Merchants seller in Q4 2013 was Bryn Mawr Capital Management Inc, an estimated $8.38M sold.

Based on aggregated 13F filings for Q4 2013.