First Merchants
FRME
193 hedge funds and large institutions have $1.89B invested in First Merchants in 2021 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 64 increasing their positions, 70 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
24% more capital invested
Capital invested by funds: $1.52B → $1.89B (+$367M)
4% more funds holding
Funds holding: 185 → 193 (+8)
0.19% less ownership
Funds ownership: 75.04% → 74.85% (-0.19%)
9% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
+$10.9M |
| 2 |
BlackRock
New York
|
+$10.2M |
| 3 |
State Street
Boston,
Massachusetts
|
+$8.94M |
| 4 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$7.75M |
| 5 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$7.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$14.2M |
| 2 |
PC
Pier Capital
Stamford,
Connecticut
|
-$10M |
| 3 |
Renaissance Technologies
New York
|
-$6.81M |
| 4 |
Goldman Sachs
New York
|
-$6.33M |
| 5 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$5.74M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
201
Aigen Investment Management
New York
| – | -$252K | -6,732 | Closed |
|
202
Jane Street
New York
| – | -$238K | -6,370 | Closed |
|
203
State of Tennessee, Department of Treasury
Nashville,
Tennessee
| – | -$181K | -4,838 | Closed |
|
|
MCM
204
MV Capital Management
Bethesda,
Maryland
| – | -$13K | -346 | Closed |
|
|
PWPS
205
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$7K | -184 | Closed |
|
|
TF
206
Tompkins Financial
Ithaca,
New York
| – | -$1K | -20 | Closed |
|
FRME Hedge Fund Activity: Q1 2021 in Review
193 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2021, worth a combined $1.89B — up 24% from $1.52B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FRME positions and 14 closed out — a net gain of 9 holders — while 64 added to existing stakes and 70 trimmed.
The largest buyer was EARNEST Partners, adding an estimated $10.9M. The largest seller was Northern Trust, cutting an estimated $14.2M.
- 193 institutional investors held First Merchants (FRME) as of Q1 2021, up from 185 in Q4 2020.
- Funds reported $1.89B of First Merchants stock for Q1 2021, up 24% quarter-over-quarter.
- 23 funds opened new First Merchants positions in Q1 2021 and 14 closed out, a net change of +9 holders.
- The largest First Merchants buyer in Q1 2021 was EARNEST Partners, an estimated $10.9M added.
- The largest First Merchants seller in Q1 2021 was Northern Trust, an estimated $14.2M sold.
Based on aggregated 13F filings for Q1 2021.