First Merchants
FRME
149 hedge funds and large institutions have $713M invested in First Merchants in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 69 increasing their positions, 33 reducing their positions, and 7 closing their positions.
171% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 7
109% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 33
8% more funds holding
Funds holding: 138 → 149 (+11)
5% less capital invested
Capital invested by funds: $748M → $713M (-$34.5M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$4.78M |
| 2 |
Goldman Sachs
New York
|
+$4.44M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.59M |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$3.39M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$2.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.6M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
-$6.46M |
| 3 |
Millennium Management
New York
|
-$2.04M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$1.41M |
| 5 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$1.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Two Sigma Investments
New York
| – | -$502K | -19,750 | Closed |
|
|
AA
152
ALPS Advisors
Denver,
Colorado
| – | -$485K | -19,066 | Closed |
|
|
DTL
153
Dynamic Technology Lab
Singapore
| – | -$417K | -16,389 | Closed |
|
|
MAM
154
Martingale Asset Management
Boston,
Massachusetts
| – | -$406K | -15,958 | Closed |
|
155
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
| – | -$206K | -8,100 | Closed |
|
|
IA
156
IFP Advisors
Tampa,
Florida
| – | -$17K | -659 | Closed |
|
FRME Hedge Fund Activity: Q1 2016 in Review
149 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2016, worth a combined $713M — down 4.6% from $748M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FRME positions and 7 closed out — a net gain of 12 holders — while 69 added to existing stakes and 33 trimmed.
The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $4.78M. The largest seller was Wellington Management Group, cutting an estimated $15.6M.
- 149 institutional investors held First Merchants (FRME) as of Q1 2016, up from 138 in Q4 2015.
- Funds reported $713M of First Merchants stock for Q1 2016, down 4.6% quarter-over-quarter.
- 19 funds opened new First Merchants positions in Q1 2016 and 7 closed out, a net change of +12 holders.
- The largest First Merchants buyer in Q1 2016 was DePrince Race & Zollo Inc (DRZ), an estimated $4.78M added.
- The largest First Merchants seller in Q1 2016 was Wellington Management Group, an estimated $15.6M sold.
Based on aggregated 13F filings for Q1 2016.