First Merchants
FRME
194 hedge funds and large institutions have $1.6B invested in First Merchants in 2018 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 70 increasing their positions, 60 reducing their positions, and 17 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 60
1.07% more ownership
Funds ownership: 70.89% → 71.97% (+1.1%)
6% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 17
1% more funds holding
Funds holding: 193 → 194 (+1)
2% less capital invested
Capital invested by funds: $1.63B → $1.6B (-$26.3M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$20.6M |
| 2 |
State Street
Boston,
Massachusetts
|
+$15.1M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$5.2M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$4.65M |
| 5 |
BlackRock
New York
|
+$4.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$18.4M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$11.3M |
| 3 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$4.45M |
| 4 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$3.27M |
| 5 |
PC
Pier Capital
Stamford,
Connecticut
|
-$2.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFC
201
SYM Financial Corp
Winona Lake,
Indiana
| – | -$388K | -8,360 | Closed |
|
202
Comerica Bank
Dallas,
Texas
| – | -$374K | -8,028 | Closed |
|
|
BCM
203
BlueCrest Capital Management
St Helier,
Jersey
| – | -$239K | -5,161 | Closed |
|
204
Envestnet Asset Management
Chicago,
Illinois
| – | -$226K | -4,868 | Closed |
|
|
GIM
205
Goelzer Investment Management
Carmel,
Indiana
| – | -$202K | -4,358 | Closed |
|
206
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$140K | -3,026 | Closed |
|
|
SO
207
STRS Ohio
Columbus,
Ohio
| – | -$33.3K | -700 | Closed |
|
|
MA
208
MUFG Americas
New York
| – | -$16K | -340 | Closed |
|
|
GFP
209
Gryphon Financial Partners
Columbus,
Ohio
| – | -$5K | -97 | Closed |
|
|
MCM
210
Maltese Capital Management
New York
| – | -$3K | -67 | Closed |
|
211
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$1K | -22 | Closed |
|
FRME Hedge Fund Activity: Q3 2018 in Review
194 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2018, worth a combined $1.6B — down 1.6% from $1.63B a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FRME positions and 17 closed out — a net gain of 1 holder — while 70 added to existing stakes and 60 trimmed.
The largest buyer was Cardinal Capital Management LLC (Connecticut), adding an estimated $20.6M. The largest seller was Vaughan Nelson Investment Management, cutting an estimated $18.4M.
- 194 institutional investors held First Merchants (FRME) as of Q3 2018, up from 193 in Q2 2018.
- Funds reported $1.6B of First Merchants stock for Q3 2018, down 1.6% quarter-over-quarter.
- 18 funds opened new First Merchants positions in Q3 2018 and 17 closed out, a net change of +1 holder.
- The largest First Merchants buyer in Q3 2018 was Cardinal Capital Management LLC (Connecticut), an estimated $20.6M added.
- The largest First Merchants seller in Q3 2018 was Vaughan Nelson Investment Management, an estimated $18.4M sold.
Based on aggregated 13F filings for Q3 2018.