First Merchants
FRME
147 hedge funds and large institutions have $605M invested in First Merchants in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 50 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
14% more capital invested
Capital invested by funds: $528M → $605M (+$76.5M)
4% more funds holding
Funds holding: 142 → 147 (+5)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
24% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$6.08M |
| 2 |
QI
QS Investors
New York
|
+$4.53M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$3.1M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$3M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$4.88M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.56M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.28M |
| 4 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$1.26M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
ProShare Advisors
Bethesda,
Maryland
| – | -$286K | -14,150 | Closed |
|
|
GCP
152
GSA Capital Partners
London,
United Kingdom
| – | -$269K | -13,291 | Closed |
|
|
IAM
153
Iridian Asset Management
Westport,
Connecticut
| – | -$208K | -10,298 | Closed |
|
154
BNP Paribas Financial Markets
Paris,
France
| – | -$44.1K | -2,184 | Closed |
|
FRME Hedge Fund Activity: Q4 2014 in Review
147 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2014, worth a combined $605M — up 14% from $528M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FRME positions and 7 closed out — a net gain of 8 holders — while 38 added to existing stakes and 50 trimmed.
The largest buyer was Investment Counselors of Maryland, opening a new position worth an estimated $6.08M. The largest seller was Maltese Capital Management, exiting entirely with an estimated $4.88M sold.
- 147 institutional investors held First Merchants (FRME) as of Q4 2014, up from 142 in Q3 2014.
- Funds reported $605M of First Merchants stock for Q4 2014, up 14% quarter-over-quarter.
- 15 funds opened new First Merchants positions in Q4 2014 and 7 closed out, a net change of +8 holders.
- The largest First Merchants buyer in Q4 2014 was Investment Counselors of Maryland, an estimated $6.08M added.
- The largest First Merchants seller in Q4 2014 was Maltese Capital Management, an estimated $4.88M sold.
Based on aggregated 13F filings for Q4 2014.