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First Merchants

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.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 13 (+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: 186183 (-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

Holders
183
Holders Change
-3
Holders Change %
-1.61%
% of All Funds
4.01%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
20
Increased
72
Reduced
56
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
DA
101
Denali Advisors
California
$677K +$549K +14,700 +445%
NPF
102
Norris Perne & French
Michigan
$667K +$662K +17,732 New
DCM
103
Dean Capital Management
Kansas
$663K
CPIG
104
Chicago Partners Investment Group
Illinois
$663K +$110K +2,937 +20%
MLICM
105
Metropolitan Life Insurance Company (MetLife)
New York
$661K
Citigroup
106
Citigroup
New York
$649K -$116K -3,111 -15%
Commonwealth Equity Services
107
Commonwealth Equity Services
Massachusetts
$645K +$60K +1,606 +10%
Citadel Advisors
108
Citadel Advisors
Florida
$632K -$870K -23,289 -58%
Royal Bank of Canada
109
Royal Bank of Canada
Ontario, Canada
$614K +$5.94K +159 +1%
SFM
110
Systematic Financial Management
New Jersey
$602K -$1.02M -27,410 -63%
LPL Financial
111
LPL Financial
California
$600K -$3.21K -86 -0.5%
WWM
112
Windsor Wealth Management
Indiana
$546K -$80.2K -2,146 -13%
WFPG
113
Waller Financial Planning Group
Ohio
$540K
V
114
Veritable
Delaware
$524K
AB
115
Atlas Brown
Kentucky
$503K
BNP Paribas Financial Markets
116
BNP Paribas Financial Markets
France
$489K +$211K +5,642 +77%
MA
117
Minerva Advisors
Pennsylvania
$450K
Stifel Financial
118
Stifel Financial
Missouri
$437K -$25.2K -674 -5%
XK
119
Xact Kapitalforvaltning
Sweden
$422K
DIA
120
Dana Investment Advisors
Wisconsin
$408K -$48.1K -1,289 -11%
MCM
121
Monarch Capital Management
Indiana
$389K
COI
122
Connable Office Inc
Michigan
$368K +$366K +9,791 New
Ohio Public Employees Retirement System (OPERS)
123
Ohio Public Employees Retirement System (OPERS)
Ohio
$335K -$383K -10,254 -54%
Bank of Montreal
124
Bank of Montreal
Ontario, Canada
$335K +$20.5K +550 +7%
Squarepoint
125
Squarepoint
New York
$325K +$323K +8,646 New

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.