First Merchants
FRME
140 hedge funds and large institutions have $672M invested in First Merchants in 2015 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 57 increasing their positions, 41 reducing their positions, and 13 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 41
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
6% more capital invested
Capital invested by funds: $635M → $672M (+$36.4M)
3% less funds holding
Funds holding: 145 → 140 (-5)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$3.44M |
| 2 |
Goldman Sachs
New York
|
+$3.42M |
| 3 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
+$2.87M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.7M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$3.39M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$3.22M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.56M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.51M |
| 5 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$2.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
151
Tower Research Capital (TRC)
New York
| – | -$18K | -768 | Closed |
|
152
US Bancorp
Minneapolis,
Minnesota
| – | -$15K | -650 | Closed |
|
|
FMT
153
First Mercantile Trust
Cordova,
Tennessee
| – | -$13K | -542 | Closed |
|
FRME Hedge Fund Activity: Q2 2015 in Review
140 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2015, worth a combined $672M — up 5.7% from $635M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FRME and 10 opened new positions — a net loss of 3 holders — while 41 trimmed existing stakes and 57 added.
The largest buyer was Millennium Management, adding an estimated $3.44M. The largest seller was BlackRock Institutional Trust, cutting an estimated $3.39M.
- 140 institutional investors held First Merchants (FRME) as of Q2 2015, down from 145 in Q1 2015.
- Funds reported $672M of First Merchants stock for Q2 2015, up 5.7% quarter-over-quarter.
- 10 funds opened new First Merchants positions in Q2 2015 and 13 closed out, a net change of -3 holders.
- The largest First Merchants buyer in Q2 2015 was Millennium Management, an estimated $3.44M added.
- The largest First Merchants seller in Q2 2015 was BlackRock Institutional Trust, an estimated $3.39M sold.
Based on aggregated 13F filings for Q2 2015.