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First Merchants
FRME

185 hedge funds and large institutions have $1.52B invested in First Merchants in 2020 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 61 increasing their positions, 63 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more capital invested

Capital invested by funds: $889M → $1.52B (+$635M)

24% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 25

3.62% more ownership

Funds ownership: 71.42% → 75.04% (+3.6%)

2% more funds holding

Funds holding: 182 → 185 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 63

Holders
185
Holders Change
+3
Holders Change %
+1.65%
% of All Funds
3.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
31
Increased
61
Reduced
63
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$16.7M
2
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
+$16.6M
3
JP Morgan Chase
JP Morgan Chase
New York
+$11.6M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$10.3M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$7.54M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$16.8M
2
Renaissance Technologies
Renaissance Technologies
New York
-$5.12M
3
N
Nuveen
North Carolina
-$2.9M
4
PC
Pier Capital
Connecticut
-$2.57M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
QCG
176
Quadrant Capital Group
Ohio
$4K +$776 +25 +26%
CWC
177
Carolinas Wealth Consulting
North Carolina
$3K -$497 -16 -16%
SIS
178
Sound Income Strategies
Florida
$3K – – –
PA
179
Parallel Advisors
California
$3K +$1.65K +53 +156%
HR
180
Howe & Rusling
New York
$2K +$1.77K +57 New
FF
181
FourThought Financial
Florida
$2K +$1.99K +64 New
AIG
182
American International Group
New York
$1.17K -$27.9K -900 -3%
CFGS
183
Concourse Financial Group Securities
Alabama
$1K – – –
TF
184
Tompkins Financial
New York
$1K +$621 +20 New
Voloridge Investment Management
185
Voloridge Investment Management
Florida
– -$1.5M -64,783 Closed
Citadel Advisors
186
Citadel Advisors
Florida
– -$1.08M -46,752 Closed
D.E. Shaw & Co
187
D.E. Shaw & Co
New York
– -$955K -41,244 Closed
MAM
188
Martingale Asset Management
Massachusetts
– -$837K -36,100 Closed
MSL
189
Mackay Shields LLC
New York
– -$797K -34,400 Closed
HF
190
HRT Financial
New York
– -$474K -20,481 Closed
TI
191
Trexquant Investment
Connecticut
– -$472K -20,388 Closed
FL
192
Fourthstone LLC
Missouri
– -$394K -17,000 Closed
CSS
193
Cubist Systematic Strategies
Connecticut
– -$382K -16,494 Closed
PP
194
Paloma Partners
Connecticut
– -$337K -14,526 Closed
BPM
195
Bowling Portfolio Management
Ohio
– -$281K -12,142 Closed
EGM
196
Engineers Gate Manager
New York
– -$273K -11,773 Closed
GCP
197
GSA Capital Partners
United Kingdom
– -$264K -11,411 Closed
Jacobs Levy Equity Management
198
Jacobs Levy Equity Management
New Jersey
– -$259K -11,185 Closed
WCM
199
Weld Capital Management
New York
– -$252K -10,895 Closed
Squarepoint
200
Squarepoint
New York
– -$220K -9,499 Closed
5 6 7
8
9

FRME Hedge Fund Activity: Q4 2020 in Review

185 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2020, worth a combined $1.52B — up 71% from $889M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new FRME positions and 25 closed out — a net gain of 6 holders — while 61 added to existing stakes and 63 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $16.7M. The largest seller was Fidelity Investments, cutting an estimated $16.8M.

  • 185 institutional investors held First Merchants (FRME) as of Q4 2020, up from 182 in Q3 2020.
  • Funds reported $1.52B of First Merchants stock for Q4 2020, up 71% quarter-over-quarter.
  • 31 funds opened new First Merchants positions in Q4 2020 and 25 closed out, a net change of +6 holders.
  • The largest First Merchants buyer in Q4 2020 was DePrince Race & Zollo Inc (DRZ), an estimated $16.7M added.
  • The largest First Merchants seller in Q4 2020 was Fidelity Investments, an estimated $16.8M sold.

Based on aggregated 13F filings for Q4 2020.