First Merchants
FRME
135 hedge funds and large institutions have $773M invested in First Merchants in 2015 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 50 reducing their positions, and 20 closing their positions.
15% more capital invested
Capital invested by funds: $672M → $773M (+$102M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
6% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 50
4% less funds holding
Funds holding: 140 → 135 (-5)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$38.4M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$25M |
| 3 |
Goldman Sachs
New York
|
+$16.9M |
| 4 |
Natixis Advisors
Boston,
Massachusetts
|
+$4.4M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$2.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.39M |
| 2 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$3.34M |
| 3 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
-$3M |
| 4 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$2.94M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$2.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DIA
151
Denver Investment Advisors
Denver,
Colorado
| – | -$231K | -9,347 | Closed |
|
|
P
152
Pitcairn
Conshohocken,
Pennsylvania
| – | -$223K | -9,059 | Closed |
|
153
KBC Group
Brussels,
Belgium
| – | -$91K | -3,689 | Closed |
|
|
JG
154
Jefferies Group
New York
| – | -$40K | -1,600 | Closed |
|
|
HNB
155
Huntington National Bank
Columbus,
Ohio
| – | -$27K | -1,097 | Closed |
|
FRME Hedge Fund Activity: Q3 2015 in Review
135 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2015, worth a combined $773M — up 15% from $672M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of FRME and 15 opened new positions — a net loss of 5 holders — while 50 trimmed existing stakes and 47 added.
The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $38.4M. The largest seller was Millennium Management, exiting entirely with an estimated $5.39M sold.
- 135 institutional investors held First Merchants (FRME) as of Q3 2015, down from 140 in Q2 2015.
- Funds reported $773M of First Merchants stock for Q3 2015, up 15% quarter-over-quarter.
- 15 funds opened new First Merchants positions in Q3 2015 and 20 closed out, a net change of -5 holders.
- The largest First Merchants buyer in Q3 2015 was Vaughan Nelson Investment Management, an estimated $38.4M added.
- The largest First Merchants seller in Q3 2015 was Millennium Management, an estimated $5.39M sold.
Based on aggregated 13F filings for Q3 2015.