First Merchants
FRME
185 hedge funds and large institutions have $1.52B invested in First Merchants in 2020 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 61 increasing their positions, 63 reducing their positions, and 25 closing their positions.
71% more capital invested
Capital invested by funds: $889M → $1.52B (+$635M)
24% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 25
3.62% more ownership
Funds ownership: 71.42% → 75.04% (+3.6%)
2% more funds holding
Funds holding: 182 → 185 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$16.7M |
| 2 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$16.6M |
| 3 |
JP Morgan Chase
New York
|
+$11.6M |
| 4 |
Bank of New York Mellon
New York
|
+$10.3M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$7.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$16.8M |
| 2 |
Renaissance Technologies
New York
|
-$5.12M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$2.9M |
| 4 |
PC
Pier Capital
Stamford,
Connecticut
|
-$2.57M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAM
201
Paradigm Asset Management
New York
| – | -$154K | -6,650 | Closed |
|
|
QT
202
Quantbot Technologies
New York
| – | -$111K | -4,821 | Closed |
|
203
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
| – | -$68K | -2,946 | Closed |
|
|
EMFAT
204
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
| – | -$9K | -368 | Closed |
|
|
AIC
205
Archer Investment Corporation
Carmel,
Indiana
| – | -$7.53K | -325 | Closed |
|
|
EA
206
Emerald Advisers
Leola,
Pennsylvania
| – | -$5K | -197 | Closed |
|
|
ASN
207
Advisory Services Network
Atlanta,
Georgia
| – | -$5.62K | -181 | Closed |
|
208
Bessemer Group
Woodbridge,
New Jersey
| – | -$2K | -93 | Closed |
|
|
PFWA
209
Paces Ferry Wealth Advisors
Atlanta,
Georgia
| – | -$1K | -33 | Closed |
|
|
ICP
210
Interchange Capital Partners
Pittsburgh,
Pennsylvania
| – | +$155 | +5 | New |
|
FRME Hedge Fund Activity: Q4 2020 in Review
185 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2020, worth a combined $1.52B — up 71% from $889M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FRME positions and 25 closed out — a net gain of 6 holders — while 61 added to existing stakes and 63 trimmed.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $16.7M. The largest seller was Fidelity Investments, cutting an estimated $16.8M.
- 185 institutional investors held First Merchants (FRME) as of Q4 2020, up from 182 in Q3 2020.
- Funds reported $1.52B of First Merchants stock for Q4 2020, up 71% quarter-over-quarter.
- 31 funds opened new First Merchants positions in Q4 2020 and 25 closed out, a net change of +6 holders.
- The largest First Merchants buyer in Q4 2020 was DePrince Race & Zollo Inc (DRZ), an estimated $16.7M added.
- The largest First Merchants seller in Q4 2020 was Fidelity Investments, an estimated $16.8M sold.
Based on aggregated 13F filings for Q4 2020.