First Merchants
FRME
182 hedge funds and large institutions have $1.08B invested in First Merchants in 2020 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 74 increasing their positions, 52 reducing their positions, and 22 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 52
3% more capital invested
Capital invested by funds: $1.05B → $1.08B (+$32.2M)
0.73% more ownership
Funds ownership: 71.92% → 72.65% (+0.73%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
1% less funds holding
Funds holding: 184 → 182 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$10.8M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$5.86M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.96M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$4.04M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$24.3M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$10.4M |
| 3 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
-$10.3M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$5.43M |
| 5 |
Renaissance Technologies
New York
|
-$3.95M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
201
Next Financial Group
Houston,
Texas
| – | -$1K | -28 | Closed |
|
202
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -20 | Closed |
|
|
PA
203
Parallel Advisors
San Francisco,
California
| – | +$240 | +9 | New |
|
FRME Hedge Fund Activity: Q2 2020 in Review
182 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2020, worth a combined $1.08B — up 3.1% from $1.05B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of FRME and 21 opened new positions — a net loss of 1 holder — while 52 trimmed existing stakes and 74 added.
The largest buyer was Systematic Financial Management, adding an estimated $10.8M. The largest seller was Victory Capital Management, cutting an estimated $24.3M.
- 182 institutional investors held First Merchants (FRME) as of Q2 2020, down from 184 in Q1 2020.
- Funds reported $1.08B of First Merchants stock for Q2 2020, up 3.1% quarter-over-quarter.
- 21 funds opened new First Merchants positions in Q2 2020 and 22 closed out, a net change of -1 holder.
- The largest First Merchants buyer in Q2 2020 was Systematic Financial Management, an estimated $10.8M added.
- The largest First Merchants seller in Q2 2020 was Victory Capital Management, an estimated $24.3M sold.
Based on aggregated 13F filings for Q2 2020.