First Merchants
FRME
169 hedge funds and large institutions have $1.27B invested in First Merchants in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 58 increasing their positions, 60 reducing their positions, and 20 closing their positions.
176% more call options, than puts
Call options by funds: $185K | Put options by funds: $67K
25% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 20
9% more capital invested
Capital invested by funds: $1.16B → $1.27B (+$107M)
2.58% more ownership
Funds ownership: 75.73% → 78.3% (+2.6%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less funds holding
Funds holding: 170 → 169 (-1)
3% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$132M |
| 2 |
JP Morgan Chase
New York
|
+$20.4M |
| 3 |
Bank of New York Mellon
New York
|
+$12.8M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$8.03M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$6.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$15.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$13M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$9.56M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
-$4.86M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$4.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EA
176
Emerald Advisers
Leola,
Pennsylvania
| – | -$507K | -13,476 | Closed |
|
|
VKH
177
Virtu KCG Holdings
New York
| – | -$413K | -10,959 | Closed |
|
178
Squarepoint
New York
| – | -$411K | -10,914 | Closed |
|
|
TC
179
TFS Capital
West Chester,
Pennsylvania
| – | -$319K | -8,477 | Closed |
|
180
HSBC Holdings
London,
United Kingdom
| – | -$316K | -8,413 | Closed |
|
|
CSS
181
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$281K | -7,476 | Closed |
|
182
ProShare Advisors
Bethesda,
Maryland
| – | -$246K | -6,547 | Closed |
|
|
SB
183
Suntrust Banks
Atlanta,
Georgia
| – | -$245K | -6,509 | Closed |
|
|
FA
184
FDx Advisors
Chicago,
Illinois
| – | -$202K | -5,361 | Closed |
|
|
PCM
185
Prelude Capital Management
New York
| – | -$15K | -401 | Closed |
|
|
BWP
186
Baldwin Wealth Partners
Marion,
Massachusetts
| – | -$15K | -393 | Closed |
|
|
FFC
187
First Financial Corp
Terre Haute,
Indiana
| – | -$10K | -271 | Closed |
|
|
TRCT
188
Tower Research Capital (TRC)
New York
| – | -$7K | -200 | Closed |
|
189
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5K | -144 | Closed |
|
FRME Hedge Fund Activity: Q1 2017 in Review
169 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2017, worth a combined $1.27B — up 9.2% from $1.16B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FRME positions and 20 closed out — a net gain of 5 holders — while 58 added to existing stakes and 60 trimmed.
The largest buyer was BlackRock, adding an estimated $132M. The largest seller was Allianz Asset Management, cutting an estimated $15.9M.
- 169 institutional investors held First Merchants (FRME) as of Q1 2017, down from 170 in Q4 2016.
- Funds reported $1.27B of First Merchants stock for Q1 2017, up 9.2% quarter-over-quarter.
- 25 funds opened new First Merchants positions in Q1 2017 and 20 closed out, a net change of +5 holders.
- The largest First Merchants buyer in Q1 2017 was BlackRock, an estimated $132M added.
- The largest First Merchants seller in Q1 2017 was Allianz Asset Management, an estimated $15.9M sold.
Based on aggregated 13F filings for Q1 2017.