First Merchants
FRME
119 hedge funds and large institutions have $367M invested in First Merchants in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 34 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
32% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 34
6% more funds holding
Funds holding: 112 → 119 (+7)
5% more capital invested
Capital invested by funds: $348M → $367M (+$18.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
+$8.92M |
| 2 |
BNP Paribas Asset Management
Paris,
France
|
+$3.01M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$2.68M |
| 4 |
QBFM
QS Batterymarch Financial Management
New York
|
+$2.05M |
| 5 |
MSA
Mason Street Advisors
Milwaukee,
Wisconsin
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$4.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.15M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$1.93M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$1.47M |
| 5 |
MA
MUFG Americas
New York
|
-$1.38M |
FRME Hedge Fund Activity: Q3 2013 in Review
119 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2013, worth a combined $367M — up 5.3% from $348M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FRME positions and 6 closed out — a net gain of 7 holders — while 45 added to existing stakes and 34 trimmed.
The largest buyer was Bryn Mawr Capital Management Inc, adding an estimated $8.92M. The largest seller was AJO LP, exiting entirely with an estimated $4.4M sold.
- 119 institutional investors held First Merchants (FRME) as of Q3 2013, up from 112 in Q2 2013.
- Funds reported $367M of First Merchants stock for Q3 2013, up 5.3% quarter-over-quarter.
- 13 funds opened new First Merchants positions in Q3 2013 and 6 closed out, a net change of +7 holders.
- The largest First Merchants buyer in Q3 2013 was Bryn Mawr Capital Management Inc, an estimated $8.92M added.
- The largest First Merchants seller in Q3 2013 was AJO LP, an estimated $4.4M sold.
Based on aggregated 13F filings for Q3 2013.