First Merchants
FRME
191 hedge funds and large institutions have $1.44B invested in First Merchants in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 66 increasing their positions, 65 reducing their positions, and 15 closing their positions.
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
3% more funds holding
Funds holding: 186 → 191 (+5)
2% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 65
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.83% less ownership
Funds ownership: 70.41% → 69.58% (-0.83%)
1% less capital invested
Capital invested by funds: $1.46B → $1.44B (-$18.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
Teachers Advisors
New York
|
+$11.8M |
| 2 |
Millennium Management
New York
|
+$8.68M |
| 3 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$7.86M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$5.68M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$14.4M |
| 2 |
Bank of New York Mellon
New York
|
-$6.89M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$4.99M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$3.39M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$3.37M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HC
201
Hamilton Capital
Columbus,
Ohio
| – | -$215K | -5,100 | Closed |
|
202
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$29K | -700 | Closed |
|
|
DCM
203
Delpha Capital Management
New York
| – | -$11K | -253 | Closed |
|
|
TL
204
TrueWealth LLC
Atlanta,
Georgia
| – | -$4K | -105 | Closed |
|
|
PA
205
Parallel Advisors
San Francisco,
California
| – | -$2K | -57 | Closed |
|
|
PHK
206
Point72 Hong Kong
Hong Kong
| – | -$2K | -38 | Closed |
|
FRME Hedge Fund Activity: Q1 2018 in Review
191 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2018, worth a combined $1.44B — down 1.3% from $1.46B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FRME positions and 15 closed out — a net gain of 6 holders — while 66 added to existing stakes and 65 trimmed.
The largest buyer was Teachers Advisors, adding an estimated $11.8M. The largest seller was BlackRock, cutting an estimated $14.4M.
- 191 institutional investors held First Merchants (FRME) as of Q1 2018, up from 186 in Q4 2017.
- Funds reported $1.44B of First Merchants stock for Q1 2018, down 1.3% quarter-over-quarter.
- 21 funds opened new First Merchants positions in Q1 2018 and 15 closed out, a net change of +6 holders.
- The largest First Merchants buyer in Q1 2018 was Teachers Advisors, an estimated $11.8M added.
- The largest First Merchants seller in Q1 2018 was BlackRock, an estimated $14.4M sold.
Based on aggregated 13F filings for Q1 2018.