First Merchants
FRME
133 hedge funds and large institutions have $545M invested in First Merchants in 2014 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 39 reducing their positions, and 5 closing their positions.
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
10% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 39
10% more funds holding
Funds holding: 121 → 133 (+12)
2% more capital invested
Capital invested by funds: $537M → $545M (+$8.11M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$8.78M |
| 2 |
Millennium Management
New York
|
+$3.36M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$2.66M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
+$2.35M |
| 5 |
Renaissance Technologies
New York
|
+$1.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$9.33M |
| 2 |
MFIMFI
Mesirow Financial Investment Management - Fixed Income
Chicago,
Illinois
|
-$1.97M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.77M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.68M |
| 5 |
JP Morgan Chase
New York
|
-$1.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Envestnet Asset Management
Chicago,
Illinois
| $16K | +$7.88K | +379 | +100% |
|
|
SF
127
Synovus Financial
Columbus,
Georgia
| $15K | – | – | – |
|
128
US Bancorp
Minneapolis,
Minnesota
| $14K | – | – | – |
|
|
LWCFA
129
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
| $13K | – | – | – |
|
|
FMT
130
First Mercantile Trust
Cordova,
Tennessee
| $10K | -$935 | -45 | -9% |
|
|
TRCT
131
Tower Research Capital (TRC)
New York
| $5K | -$22.2K | -1,067 | -83% |
|
|
DADC
132
D.A. Davidson & Co
Great Falls,
Montana
| $3K | +$3.85K | +185 | New |
|
|
GC
133
Globeflex Capital
San Diego,
California
| $1K | -$312 | -15 | -17% |
|
|
MFIMFI
134
Mesirow Financial Investment Management - Fixed Income
Chicago,
Illinois
| – | -$1.97M | -91,035 | Closed |
|
135
Acadian Asset Management
Boston,
Massachusetts
| – | -$561K | -25,905 | Closed |
|
|
SCM
136
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$273K | -12,602 | Closed |
|
137
Creative Planning
Overland Park,
Kansas
| – | -$6K | -260 | Closed |
|
138
BNP Paribas Financial Markets
Paris,
France
| – | -$1.8K | -85 | Closed |
|
FRME Hedge Fund Activity: Q2 2014 in Review
133 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2014, worth a combined $545M — up 1.5% from $537M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FRME positions and 5 closed out — a net gain of 12 holders — while 43 added to existing stakes and 39 trimmed.
The largest buyer was Wedge Capital Management, opening a new position worth an estimated $8.78M. The largest seller was Wellington Management Group, cutting an estimated $9.33M.
- 133 institutional investors held First Merchants (FRME) as of Q2 2014, up from 121 in Q1 2014.
- Funds reported $545M of First Merchants stock for Q2 2014, up 1.5% quarter-over-quarter.
- 17 funds opened new First Merchants positions in Q2 2014 and 5 closed out, a net change of +12 holders.
- The largest First Merchants buyer in Q2 2014 was Wedge Capital Management, an estimated $8.78M added.
- The largest First Merchants seller in Q2 2014 was Wellington Management Group, an estimated $9.33M sold.
Based on aggregated 13F filings for Q2 2014.