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First Merchants
FRME

185 hedge funds and large institutions have $1.52B invested in First Merchants in 2020 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 61 increasing their positions, 63 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more capital invested

Capital invested by funds: $889M → $1.52B (+$635M)

24% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 25

3.62% more ownership

Funds ownership: 71.42% → 75.04% (+3.6%)

2% more funds holding

Funds holding: 182 → 185 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 63

Holders
185
Holders Change
+3
Holders Change %
+1.65%
% of All Funds
3.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
31
Increased
61
Reduced
63
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$16.7M
2
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$16.6M
3
JP Morgan Chase
JP Morgan Chase
New York
+$11.6M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$10.3M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$7.54M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$16.8M
2
Renaissance Technologies
Renaissance Technologies
New York
-$5.12M
3
N
Nuveen
North Carolina
-$2.9M
4
PC
Pier Capital
Connecticut
-$2.57M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
Handelsbanken Fonder
126
Handelsbanken Fonder
Sweden
$386K – – –
SPC
127
Sigma Planning Corp
Michigan
$385K +$2.23K +72 +0.7%
MCM
128
Monarch Capital Management
Indiana
$371K – – –
MA
129
Minerva Advisors
Pennsylvania
$369K -$64.7K -2,085 -17%
OFG
130
Oxford Financial Group
Indiana
$360K -$39.5K -1,272 -12%
TCA
131
Transcend Capital Advisors
New Jersey
$317K +$263K +8,484 New
IIC
132
Integrated Investment Consultants
Michigan
$306K +$254K +8,185 New
Two Sigma Advisers
133
Two Sigma Advisers
New York
$303K -$205K -6,600 -45%
Cetera Investment Advisers
134
Cetera Investment Advisers
Illinois
$303K +$252K +8,105 New
IA
135
IndexIQ Advisors
New York
$296K +$25.4K +817 +12%
KWM
136
Kingsview Wealth Management
Oregon
$296K +$246K +7,911 New
JIC
137
Johnson Investment Counsel
Ohio
$292K +$243K +7,818 New
Zurich Cantonal Bank
138
Zurich Cantonal Bank
Switzerland
$291K – – –
Rafferty Asset Management
139
Rafferty Asset Management
New York
$270K -$104K -3,358 -32%
AIM
140
Aigen Investment Management
New York
$252K -$209K -6,745 -50%
VVP
141
Venture Visionary Partners
Ohio
$251K +$208K +6,713 New
HAG
142
HighPoint Advisor Group
Illinois
$249K +$181K +5,829 New
GWM
143
Geneos Wealth Management
Colorado
$246K – – –
Jane Street
144
Jane Street
New York
$238K +$198K +6,370 New
ClearBridge Investments
145
ClearBridge Investments
New York
$230K +$191K +6,144 New
UWPG
146
Ullmann Wealth Partners Group
Florida
$210K +$174K +5,602 New
State of Tennessee, Department of Treasury
147
State of Tennessee, Department of Treasury
Tennessee
$181K – – –
TRCT
148
Tower Research Capital (TRC)
New York
$175K +$109K +3,495 +299%
AIP
149
Ameritas Investment Partners
Nebraska
$174K -$7.14K -230 -5%
Canada Life
150
Canada Life
Manitoba, Canada
$146K – – –
4 5
6
7 8

FRME Hedge Fund Activity: Q4 2020 in Review

185 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2020, worth a combined $1.52B — up 71% from $889M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new FRME positions and 25 closed out — a net gain of 6 holders — while 61 added to existing stakes and 63 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $16.7M. The largest seller was Fidelity Investments, cutting an estimated $16.8M.

  • 185 institutional investors held First Merchants (FRME) as of Q4 2020, up from 182 in Q3 2020.
  • Funds reported $1.52B of First Merchants stock for Q4 2020, up 71% quarter-over-quarter.
  • 31 funds opened new First Merchants positions in Q4 2020 and 25 closed out, a net change of +6 holders.
  • The largest First Merchants buyer in Q4 2020 was DePrince Race & Zollo Inc (DRZ), an estimated $16.7M added.
  • The largest First Merchants seller in Q4 2020 was Fidelity Investments, an estimated $16.8M sold.

Based on aggregated 13F filings for Q4 2020.