First Merchants
FRME
145 hedge funds and large institutions have $635M invested in First Merchants in 2015 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 40 increasing their positions, 47 reducing their positions, and 15 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5% more capital invested
Capital invested by funds: $605M → $635M (+$30.8M)
1% less funds holding
Funds holding: 147 → 145 (-2)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
15% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$5.02M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$3.5M |
| 3 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$2.32M |
| 4 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$2.07M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSA
Mason Street Advisors
Milwaukee,
Wisconsin
|
-$3.68M |
| 2 |
New York State Common Retirement Fund
Albany,
New York
|
-$3.41M |
| 3 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
-$1.34M |
| 4 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
-$1.25M |
| 5 |
Morgan Stanley
New York
|
-$1.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Lazard Asset Management
New York
| – | -$354K | -15,600 | Closed |
|
152
Axa
Paris,
France
| – | -$255K | -11,200 | Closed |
|
153
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$214K | -9,403 | Closed |
|
154
Stifel Financial
St. Louis,
Missouri
| – | -$205K | -9,011 | Closed |
|
|
SCM
155
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$201K | -8,855 | Closed |
|
156
Envestnet Asset Management
Chicago,
Illinois
| – | -$36K | -1,592 | Closed |
|
|
NPC
157
National Planning Corporation
El Segundo,
California
| – | -$22K | -1,000 | Closed |
|
158
Creative Planning
Overland Park,
Kansas
| – | -$20K | -858 | Closed |
|
159
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -83 | Closed |
|
|
GC
160
Globeflex Capital
San Diego,
California
| – | -$1K | -47 | Closed |
|
FRME Hedge Fund Activity: Q1 2015 in Review
145 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2015, worth a combined $635M — up 5.1% from $605M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FRME and 13 opened new positions — a net loss of 2 holders — while 47 trimmed existing stakes and 40 added.
The largest buyer was Investment Counselors of Maryland, adding an estimated $5.02M. The largest seller was Mason Street Advisors, exiting entirely with an estimated $3.68M sold.
- 145 institutional investors held First Merchants (FRME) as of Q1 2015, down from 147 in Q4 2014.
- Funds reported $635M of First Merchants stock for Q1 2015, up 5.1% quarter-over-quarter.
- 13 funds opened new First Merchants positions in Q1 2015 and 15 closed out, a net change of -2 holders.
- The largest First Merchants buyer in Q1 2015 was Investment Counselors of Maryland, an estimated $5.02M added.
- The largest First Merchants seller in Q1 2015 was Mason Street Advisors, an estimated $3.68M sold.
Based on aggregated 13F filings for Q1 2015.