First Merchants
FRME
207 hedge funds and large institutions have $1.65B invested in First Merchants in 2021 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 65 increasing their positions, 71 reducing their positions, and 7 closing their positions.
171% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 7
5% more funds holding
Funds holding: 197 → 207 (+10)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $1.68B → $1.65B (-$31.8M)
8% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 71
1.41% less ownership
Funds ownership: 74.64% → 73.23% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$33.5M |
| 2 |
Millennium Management
New York
|
+$5.48M |
| 3 |
Two Sigma Investments
New York
|
+$4.76M |
| 4 |
Two Sigma Advisers
New York
|
+$2.7M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$17.6M |
| 2 |
BlackRock
New York
|
-$7.69M |
| 3 |
State Street
Boston,
Massachusetts
|
-$7.67M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$7.04M |
| 5 |
Bank of New York Mellon
New York
|
-$3.23M |
FRME Hedge Fund Activity: Q3 2021 in Review
207 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2021, worth a combined $1.65B — down 1.9% from $1.68B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FRME positions and 7 closed out — a net gain of 12 holders — while 65 added to existing stakes and 71 trimmed.
The largest buyer was William Blair Investment Management, adding an estimated $33.5M. The largest seller was Bank of Montreal, exiting entirely with an estimated $17.6M sold.
- 207 institutional investors held First Merchants (FRME) as of Q3 2021, up from 197 in Q2 2021.
- Funds reported $1.65B of First Merchants stock for Q3 2021, down 1.9% quarter-over-quarter.
- 19 funds opened new First Merchants positions in Q3 2021 and 7 closed out, a net change of +12 holders.
- The largest First Merchants buyer in Q3 2021 was William Blair Investment Management, an estimated $33.5M added.
- The largest First Merchants seller in Q3 2021 was Bank of Montreal, an estimated $17.6M sold.
Based on aggregated 13F filings for Q3 2021.