First Merchants
FRME
186 hedge funds and large institutions have $1.41B invested in First Merchants in 2019 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 52 increasing their positions, 73 reducing their positions, and 25 closing their positions.
1.12% more ownership
Funds ownership: 73.67% → 74.79% (+1.1%)
4% more capital invested
Capital invested by funds: $1.35B → $1.41B (+$58.4M)
8% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 25
3% less funds holding
Funds holding: 191 → 186 (-5)
29% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 73
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
+$66.2M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$19.8M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
+$15.5M |
| 4 |
Goldman Sachs
New York
|
+$9.52M |
| 5 |
BlackRock
New York
|
+$9.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$24.7M |
| 2 |
Millennium Management
New York
|
-$22.6M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$10.9M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$6.06M |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$5.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Bessemer Group
Woodbridge,
New Jersey
| – | -$74K | -1,998 | Closed |
|
|
AIM
202
Assured Investment Management
New York
| – | -$68K | -1,843 | Closed |
|
|
HNB
203
Huntington National Bank
Columbus,
Ohio
| – | -$30K | -822 | Closed |
|
|
FCA
204
FinTrust Capital Advisors
Greenville,
South Carolina
| – | -$19K | -518 | Closed |
|
|
YWP
205
YorkBridge Wealth Partners
New York
| – | -$12K | -320 | Closed |
|
|
WAM
206
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$12K | -319 | Closed |
|
207
Rockefeller Capital Management
New York
| – | -$8K | -230 | Closed |
|
|
FMII
208
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$7K | -199 | Closed |
|
|
TRCT
209
Tower Research Capital (TRC)
New York
| – | -$4K | -112 | Closed |
|
|
CFGS
210
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$2.71K | -74 | Closed |
|
|
GWS
211
Glassman Wealth Services
Vienna,
Virginia
| – | +$37 | +1 | New |
|
FRME Hedge Fund Activity: Q2 2019 in Review
186 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2019, worth a combined $1.41B — up 4.3% from $1.35B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of FRME and 23 opened new positions — a net loss of 2 holders — while 73 trimmed existing stakes and 52 added.
The largest buyer was EARNEST Partners, opening a new position worth an estimated $66.2M. The largest seller was Cardinal Capital Management LLC (Connecticut), cutting an estimated $24.7M.
- 186 institutional investors held First Merchants (FRME) as of Q2 2019, down from 191 in Q1 2019.
- Funds reported $1.41B of First Merchants stock for Q2 2019, up 4.3% quarter-over-quarter.
- 23 funds opened new First Merchants positions in Q2 2019 and 25 closed out, a net change of -2 holders.
- The largest First Merchants buyer in Q2 2019 was EARNEST Partners, an estimated $66.2M added.
- The largest First Merchants seller in Q2 2019 was Cardinal Capital Management LLC (Connecticut), an estimated $24.7M sold.
Based on aggregated 13F filings for Q2 2019.