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First Merchants
FRME

191 hedge funds and large institutions have $1.35B invested in First Merchants in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 75 increasing their positions, 72 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $1.22B → $1.35B (+$131M)

1.33% more ownership

Funds ownership: 72.33% → 73.67% (+1.3%)

4% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 72

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

5% less funds holding

Funds holding: 202 → 191 (-11)

46% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 24

Holders
191
Holders Change
-11
Holders Change %
-5.45%
% of All Funds
4.13%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
13
Increased
75
Reduced
72
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$17M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$11.3M
3
BlackRock
BlackRock
New York
+$10.1M
4
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$7.81M
5
American Century Companies
American Century Companies
Missouri
+$5.25M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$12.2M
2
Morgan Stanley
Morgan Stanley
New York
-$6.16M
3
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
-$5.66M
4
Marshall Wace
Marshall Wace
United Kingdom
-$3.94M
5
DIA
Dean Investment Associates
Ohio
-$2.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
101
SG Americas Securities
New York
$762K +$468K +12,209 +144%
Jacobs Levy Equity Management
102
Jacobs Levy Equity Management
New Jersey
$740K – – –
ERSOT
103
Employees Retirement System of Texas
Texas
$737K – – –
DCM
104
Dean Capital Management
Kansas
$727K -$1.99M -51,941 -72%
Ohio Public Employees Retirement System (OPERS)
105
Ohio Public Employees Retirement System (OPERS)
Ohio
$705K +$341K +8,890 +87%
UCFA
106
United Capital Financial Advisors
Texas
$670K +$460K +12,018 +195%
RJA
107
Raymond James & Associates
Florida
$660K -$29.6K -773 -4%
Royal Bank of Canada
108
Royal Bank of Canada
Ontario, Canada
$649K +$5.17K +135 +0.8%
MLICM
109
Metropolitan Life Insurance Company (MetLife)
New York
$647K +$58.9K +1,539 +10%
PAG
110
Private Advisor Group
New Jersey
$641K -$345 -9 -0.1%
OAM
111
Oxford Asset Management
United Kingdom
$627K -$2.09M -54,607 -76%
Citigroup
112
Citigroup
New York
$613K -$228K -5,964 -26%
US Bancorp
113
US Bancorp
Minnesota
$612K +$8.77K +229 +1%
Commonwealth Equity Services
114
Commonwealth Equity Services
Massachusetts
$589K +$651 +17 +0.1%
HIM
115
Hillsdale Investment Management
Ontario, Canada
$564K +$103K +2,700 +21%
Thrivent Financial for Lutherans
116
Thrivent Financial for Lutherans
Minnesota
$558K -$21.1K -550 -4%
AP
117
Advisor Partners
California
$554K +$576K +15,028 New
CPIG
118
Chicago Partners Investment Group
Illinois
$553K +$2.99K +78 +0.5%
Acadian Asset Management
119
Acadian Asset Management
Massachusetts
$549K +$184K +4,807 +48%
BA
120
Boston Advisors
Massachusetts
$546K +$567K +14,811 New
Squarepoint
121
Squarepoint
New York
$544K +$283K +7,384 +100%
Fifth Third Bancorp
122
Fifth Third Bancorp
Ohio
$535K -$119K -3,100 -18%
ECM
123
ETrade Capital Management
Virginia
$532K -$488K -12,728 -47%
WFPG
124
Waller Financial Planning Group
Ohio
$532K – – –
V
125
Veritable
Delaware
$519K – – –
3 4
5
6 7

FRME Hedge Fund Activity: Q1 2019 in Review

191 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2019, worth a combined $1.35B — up 11% from $1.22B a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of FRME and 13 opened new positions — a net loss of 11 holders — while 72 trimmed existing stakes and 75 added.

The largest buyer was Millennium Management, adding an estimated $17M. The largest seller was JP Morgan Chase, cutting an estimated $12.2M.

  • 191 institutional investors held First Merchants (FRME) as of Q1 2019, down from 202 in Q4 2018.
  • Funds reported $1.35B of First Merchants stock for Q1 2019, up 11% quarter-over-quarter.
  • 13 funds opened new First Merchants positions in Q1 2019 and 24 closed out, a net change of -11 holders.
  • The largest First Merchants buyer in Q1 2019 was Millennium Management, an estimated $17M added.
  • The largest First Merchants seller in Q1 2019 was JP Morgan Chase, an estimated $12.2M sold.

Based on aggregated 13F filings for Q1 2019.