First Merchants
FRME
186 hedge funds and large institutions have $1.46B invested in First Merchants in 2017 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 52 increasing their positions, 72 reducing their positions, and 24 closing their positions.
4% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 24
1% more funds holding
Funds holding: 185 → 186 (+1)
0.36% more ownership
Funds ownership: 70.05% → 70.41% (+0.36%)
1% less capital invested
Capital invested by funds: $1.48B → $1.46B (-$21.7M)
28% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 72
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$43.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$34.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.55M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$9.54M |
| 5 |
State Street
Boston,
Massachusetts
|
+$9.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$16.1M |
| 2 |
Millennium Management
New York
|
-$15.2M |
| 3 |
BlackRock
New York
|
-$14.3M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$13.6M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$9.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Two Sigma Advisers
New York
| – | -$320K | -7,465 | Closed |
|
|
QC
202
Quadrature Capital
London,
United Kingdom
| – | -$277K | -6,443 | Closed |
|
203
Tudor Investment Corp
Stamford,
Connecticut
| – | -$248K | -5,786 | Closed |
|
|
TI
204
Trexquant Investment
Stamford,
Connecticut
| – | -$243K | -5,671 | Closed |
|
|
N
205
Natixis
Paris,
France
| – | -$220K | -5,121 | Closed |
|
|
TRCT
206
Tower Research Capital (TRC)
New York
| – | -$179K | -4,176 | Closed |
|
207
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$172K | -4,000 | Closed |
|
|
SGAM
208
Smith Group Asset Management
Dallas,
Texas
| – | -$25K | -589 | Closed |
|
209
Bessemer Group
Woodbridge,
New Jersey
| – | -$19K | -448 | Closed |
|
FRME Hedge Fund Activity: Q4 2017 in Review
186 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2017, worth a combined $1.46B — down 1.5% from $1.48B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FRME positions and 24 closed out — a net gain of 1 holder — while 52 added to existing stakes and 72 trimmed.
The largest buyer was Cardinal Capital Management LLC (Connecticut), adding an estimated $43.7M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $16.1M sold.
- 186 institutional investors held First Merchants (FRME) as of Q4 2017, up from 185 in Q3 2017.
- Funds reported $1.46B of First Merchants stock for Q4 2017, down 1.5% quarter-over-quarter.
- 25 funds opened new First Merchants positions in Q4 2017 and 24 closed out, a net change of +1 holder.
- The largest First Merchants buyer in Q4 2017 was Cardinal Capital Management LLC (Connecticut), an estimated $43.7M added.
- The largest First Merchants seller in Q4 2017 was DePrince Race & Zollo Inc (DRZ), an estimated $16.1M sold.
Based on aggregated 13F filings for Q4 2017.