First Merchants
FRME
196 hedge funds and large institutions have $1.66B invested in First Merchants in 2019 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 70 increasing their positions, 56 reducing their positions, and 13 closing their positions.
115% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 13
25% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 56
10% more capital invested
Capital invested by funds: $1.5B → $1.66B (+$152M)
7% more funds holding
Funds holding: 183 → 196 (+13)
0.26% more ownership
Funds ownership: 71.27% → 71.53% (+0.26%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$11.6M |
| 2 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$7.33M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$6.93M |
| 4 |
EARNEST Partners
Atlanta,
Georgia
|
+$5.82M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$4.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
-$21.3M |
| 2 |
BlackRock
New York
|
-$7.79M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$6.03M |
| 4 |
FMC
First Merchants Corp
Muncie,
Indiana
|
-$5.74M |
| 5 |
QI
QS Investors
New York
|
-$3.79M |
FRME Hedge Fund Activity: Q4 2019 in Review
196 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2019, worth a combined $1.66B — up 10% from $1.5B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FRME positions and 13 closed out — a net gain of 15 holders — while 70 added to existing stakes and 56 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $11.6M. The largest seller was Patriot Financial Partners, exiting entirely with an estimated $21.3M sold.
- 196 institutional investors held First Merchants (FRME) as of Q4 2019, up from 183 in Q3 2019.
- Funds reported $1.66B of First Merchants stock for Q4 2019, up 10% quarter-over-quarter.
- 28 funds opened new First Merchants positions in Q4 2019 and 13 closed out, a net change of +15 holders.
- The largest First Merchants buyer in Q4 2019 was Bank of New York Mellon, an estimated $11.6M added.
- The largest First Merchants seller in Q4 2019 was Patriot Financial Partners, an estimated $21.3M sold.
Based on aggregated 13F filings for Q4 2019.