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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$12.4M |
| 2 |
PCA
PL Capital Advisors
Naples,
Florida
|
+$12.2M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$10.4M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$8.29M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$7.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$8.38M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$3.5M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$1.7M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$1.68M |
| 5 |
Millennium Management
New York
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UOC
126
UBS O'Connor
Chicago,
Illinois
| – | -$3.5M | -202,246 | Closed |
|
|
127
Millennium Management
New York
| – | -$1.11M | -64,302 | Closed |
|
128
Citadel Advisors
Miami,
Florida
| – | -$337K | -19,398 | Closed |
|
|
OSAM
129
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$334K | -19,340 | Closed |
|
130
ProShare Advisors
Bethesda,
Maryland
| – | -$317K | -18,280 | Closed |
|
|
BG
131
BlackRock Group
London,
United Kingdom
| – | -$281K | -16,202 | Closed |
|
132
SG Americas Securities
New York
| – | -$235K | -13,548 | Closed |
|
133
Nomura Holdings
Tokyo,
Japan
| – | -$206K | -11,887 | Closed |
|
|
PP
134
PDT Partners
New York
| – | -$186K | -10,736 | Closed |
|
|
CCMH
135
Cornerstone Capital Management Holdings
New York
| – | -$137K | -7,934 | Closed |
|
|
KIG
136
Kessler Investment Group
Columbus,
Indiana
| – | -$53K | -3,079 | Closed |
|
|
TRCT
137
Tower Research Capital (TRC)
New York
| – | -$54.6K | -2,725 | -99% |
|
|
HF
138
Hoxton Financial
Shepherdstown,
West Virginia
| – | -$2K | -96 | Closed |
|
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.