First Merchants
FRME
149 hedge funds and large institutions have $765M invested in First Merchants in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 51 increasing their positions, 44 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
16% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 44
7% more capital invested
Capital invested by funds: $713M → $765M (+$51.8M)
0% more funds holding
Funds holding: 149 → 149 (0)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$5.31M |
| 2 |
Goldman Sachs
New York
|
+$4M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$3.7M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.5M |
| 5 |
BA
Boston Advisors
Boston,
Massachusetts
|
+$3.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCCPI
Castle Creek Capital Partners IV
Rancho Santa Fe,
California
|
-$11.6M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$3.22M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.72M |
| 4 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
-$1.37M |
| 5 |
SAM
Shell Asset Management
The Hague,
Netherlands
|
-$956K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
151
Sterling Capital Management
Charlotte,
North Carolina
| – | -$706K | -29,973 | Closed |
|
152
LPL Financial
San Diego,
California
| – | -$340K | -14,728 | Closed |
|
|
SCA
153
Secor Capital Advisors
New York
| – | -$294K | -12,463 | Closed |
|
154
Barclays
London,
United Kingdom
| – | -$2K | -96 | Closed |
|
|
PCM
155
Prelude Capital Management
New York
| – | +$25 | +1 | New |
|
FRME Hedge Fund Activity: Q2 2016 in Review
149 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2016, worth a combined $765M — up 7.3% from $713M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FRME positions and 6 closed out — a net gain of 2 holders — while 51 added to existing stakes and 44 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $5.31M. The largest seller was Castle Creek Capital Partners IV, cutting an estimated $11.6M.
- 149 institutional investors held First Merchants (FRME) as of Q2 2016, unchanged from Q1 2016.
- Funds reported $765M of First Merchants stock for Q2 2016, up 7.3% quarter-over-quarter.
- 8 funds opened new First Merchants positions in Q2 2016 and 6 closed out, a net change of +2 holders.
- The largest First Merchants buyer in Q2 2016 was Lord, Abbett & Co, an estimated $5.31M added.
- The largest First Merchants seller in Q2 2016 was Castle Creek Capital Partners IV, an estimated $11.6M sold.
Based on aggregated 13F filings for Q2 2016.