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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
Susquehanna International Group
101
Susquehanna International Group
Pennsylvania
$703K -$1.49M -37,299 -69%
US Bancorp
102
US Bancorp
Minnesota
$685K -$186K -4,660 -22%
LPL Financial
103
LPL Financial
California
$685K +$21.6K +542 +3%
BNP Paribas Financial Markets
104
BNP Paribas Financial Markets
France
$682K +$136K +3,401 +26%
SFM
105
Systematic Financial Management
New Jersey
$665K – – –
WWM
106
Windsor Wealth Management
Indiana
$620K – – –
AB
107
Atlas Brown
Kentucky
$618K +$59.8K +1,498 +11%
NPF
108
Norris Perne & French
Michigan
$613K -$120K -3,000 -17%
Federated Hermes
109
Federated Hermes
Pennsylvania
$593K -$1.55M -38,839 -73%
V
110
Veritable
Delaware
$576K -$2.71K -68 -0.5%
DTL
111
Dynamic Technology Lab
Singapore
$569K +$547K +13,689 New
Citigroup
112
Citigroup
New York
$568K -$144K -3,595 -21%
WFPG
113
Waller Financial Planning Group
Ohio
$567K – – –
Royal Bank of Canada
114
Royal Bank of Canada
Ontario, Canada
$553K -$123K -3,092 -19%
ARTA
115
A.R.T. Advisors
New York
$551K +$529K +13,251 New
Acadian Asset Management
116
Acadian Asset Management
Massachusetts
$527K -$642K -16,074 -56%
MA
117
Minerva Advisors
Pennsylvania
$497K – – –
Squarepoint
118
Squarepoint
New York
$494K +$129K +3,227 +37%
B
119
Bailard
California
$491K +$180K +4,500 +62%
WAS
120
Wealth Advisory Solutions
Indiana
$478K +$459K +11,500 New
XK
121
Xact Kapitalforvaltning
Sweden
$466K – – –
Stifel Financial
122
Stifel Financial
Missouri
$465K -$18.6K -465 -4%
Bank of Montreal
123
Bank of Montreal
Ontario, Canada
$465K +$91.8K +2,299 +26%
Qube Research & Technologies (QRT)
124
Qube Research & Technologies (QRT)
United Kingdom
$456K +$438K +10,960 New
ECM
125
ExodusPoint Capital Management
New York
$451K +$433K +10,844 New
3 4
5
6 7

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.