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First Merchants
FRME

207 hedge funds and large institutions have $1.65B invested in First Merchants in 2021 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 65 increasing their positions, 71 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 7

5% more funds holding

Funds holding: 197 → 207 (+10)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $1.68B → $1.65B (-$31.8M)

8% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 71

1.41% less ownership

Funds ownership: 74.64% → 73.23% (-1.4%)

Holders
207
Holders Change
+10
Holders Change %
+5.08%
% of All Funds
3.62%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
19
Increased
65
Reduced
71
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
William Blair Investment Management
William Blair Investment Management
Illinois
+$33.5M
2
Millennium Management
Millennium Management
New York
+$5.48M
3
Two Sigma Investments
Two Sigma Investments
New York
+$4.76M
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$2.7M
5
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
+$2.64M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$17.6M
2
BlackRock
BlackRock
New York
-$7.69M
3
State Street
State Street
Massachusetts
-$7.67M
4
Northern Trust
Northern Trust
Illinois
-$7.04M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$3.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
Robeco Institutional Asset Management
126
Robeco Institutional Asset Management
Netherlands
$518K – – –
SC
127
Savant Capital
Illinois
$502K +$488K +12,000 New
DTL
128
Dynamic Technology Lab
Singapore
$474K +$460K +11,320 New
SFI
129
Susquehanna Fundamental Investments
Pennsylvania
$443K -$3.13K -77 -0.7%
Mariner
130
Mariner
Kansas
$435K +$423K +10,403 New
CCIA
131
Campbell & Co Investment Adviser
Maryland
$433K +$421K +10,346 New
PNC Financial Services Group
132
PNC Financial Services Group
Pennsylvania
$416K -$18.9K -464 -4%
MA
133
Minerva Advisors
Pennsylvania
$413K – – –
Los Angeles Capital Management
134
Los Angeles Capital Management
California
$412K – – –
MCM
135
Monarch Capital Management
Indiana
$407K – – –
IA
136
IndexIQ Advisors
New York
$405K +$39.4K +969 +11%
AA
137
ALPS Advisors
Colorado
$393K +$381K +9,382 New
Citigroup
138
Citigroup
New York
$391K -$687K -16,904 -64%
NPF
139
Norris Perne & French
Michigan
$390K – – –
American Century Companies
140
American Century Companies
Missouri
$388K -$516K -12,693 -58%
COI
141
Connable Office Inc
Michigan
$373K +$12.4K +306 +4%
Jane Street
142
Jane Street
New York
$373K +$41.8K +1,027 +13%
IIC
143
Integrated Investment Consultants
Michigan
$371K +$3.58K +88 +1%
TCA
144
Transcend Capital Advisors
New Jersey
$368K – – –
WAS
145
Wealth Advisory Solutions
Indiana
$364K – – –
Teacher Retirement System of Texas
146
Teacher Retirement System of Texas
Texas
$363K +$61.4K +1,511 +21%
OFG
147
Oxford Financial Group
Indiana
$340K – – –
KWM
148
Kingsview Wealth Management
Oregon
$329K – – –
JIC
149
Johnson Investment Counsel
Ohio
$327K – – –
Cetera Investment Advisers
150
Cetera Investment Advisers
Illinois
$320K +$9.96K +245 +3%
4 5
6
7 8

FRME Hedge Fund Activity: Q3 2021 in Review

207 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2021, worth a combined $1.65B — down 1.9% from $1.68B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FRME positions and 7 closed out — a net gain of 12 holders — while 65 added to existing stakes and 71 trimmed.

The largest buyer was William Blair Investment Management, adding an estimated $33.5M. The largest seller was Bank of Montreal, exiting entirely with an estimated $17.6M sold.

  • 207 institutional investors held First Merchants (FRME) as of Q3 2021, up from 197 in Q2 2021.
  • Funds reported $1.65B of First Merchants stock for Q3 2021, down 1.9% quarter-over-quarter.
  • 19 funds opened new First Merchants positions in Q3 2021 and 7 closed out, a net change of +12 holders.
  • The largest First Merchants buyer in Q3 2021 was William Blair Investment Management, an estimated $33.5M added.
  • The largest First Merchants seller in Q3 2021 was Bank of Montreal, an estimated $17.6M sold.

Based on aggregated 13F filings for Q3 2021.