First Merchants
FRME
170 hedge funds and large institutions have $1.16B invested in First Merchants in 2016 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 60 increasing their positions, 55 reducing their positions, and 13 closing their positions.
115% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 13
75.73% more ownership
Funds ownership: 0% → 75.73% (+76%)
43% more capital invested
Capital invested by funds: $813M → $1.16B (+$350M)
8% more funds holding
Funds holding: 157 → 170 (+13)
9% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 55
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$10.4M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$6.12M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$5.04M |
| 4 |
Morgan Stanley
New York
|
+$4.94M |
| 5 |
JP Morgan Chase
New York
|
+$3.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCCPI
Castle Creek Capital Partners IV
Rancho Santa Fe,
California
|
-$24.9M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$14.2M |
| 3 |
EM
Endicott Management
New York
|
-$2.72M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$2.14M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$1.75M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PH
176
Pinnacle Holdings
Tulsa,
Oklahoma
| – | -$550K | -20,569 | Closed |
|
|
CIC
177
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$548K | -20,475 | Closed |
|
|
AFG
178
American Financial Group
Cincinnati,
Ohio
| – | -$349K | -13,042 | Closed |
|
179
Tudor Investment Corp
Stamford,
Connecticut
| – | -$265K | -9,900 | Closed |
|
180
SG Americas Securities
New York
| – | -$228K | -8,514 | Closed |
|
|
SF
181
Synovus Financial
Columbus,
Georgia
| – | -$9K | -324 | Closed |
|
|
NC
182
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$3K | -115 | Closed |
|
183
Creative Planning
Overland Park,
Kansas
| – | -$1K | -44 | Closed |
|
FRME Hedge Fund Activity: Q4 2016 in Review
170 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2016, worth a combined $1.16B — up 43% from $813M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FRME positions and 13 closed out — a net gain of 15 holders — while 60 added to existing stakes and 55 trimmed.
The largest buyer was Rothschild & Co Asset Management US, opening a new position worth an estimated $10.4M. The largest seller was Castle Creek Capital Partners IV, exiting entirely with an estimated $24.9M sold.
- 170 institutional investors held First Merchants (FRME) as of Q4 2016, up from 157 in Q3 2016.
- Funds reported $1.16B of First Merchants stock for Q4 2016, up 43% quarter-over-quarter.
- 28 funds opened new First Merchants positions in Q4 2016 and 13 closed out, a net change of +15 holders.
- The largest First Merchants buyer in Q4 2016 was Rothschild & Co Asset Management US, an estimated $10.4M added.
- The largest First Merchants seller in Q4 2016 was Castle Creek Capital Partners IV, an estimated $24.9M sold.
Based on aggregated 13F filings for Q4 2016.