First Merchants
FRME
126 hedge funds and large institutions have $559M invested in First Merchants in 2013 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 57 increasing their positions, 25 reducing their positions, and 12 closing their positions.
128% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 25
58% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 12
55% more capital invested
Capital invested by funds: $361M → $559M (+$198M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
6% more funds holding
Funds holding: 119 → 126 (+7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$12.4M |
| 2 |
PCA
PL Capital Advisors
Naples,
Florida
|
+$12.2M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$10.4M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$8.29M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$7.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$8.38M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$3.5M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$1.7M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$1.68M |
| 5 |
Millennium Management
New York
|
-$1.11M |
FRME Hedge Fund Activity: Q4 2013 in Review
126 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2013, worth a combined $559M — up 55% from $361M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FRME positions and 12 closed out — a net gain of 7 holders — while 57 added to existing stakes and 25 trimmed.
The largest buyer was Dimensional Fund Advisors, adding an estimated $12.4M. The largest seller was Bryn Mawr Capital Management Inc, cutting an estimated $8.38M.
- 126 institutional investors held First Merchants (FRME) as of Q4 2013, up from 119 in Q3 2013.
- Funds reported $559M of First Merchants stock for Q4 2013, up 55% quarter-over-quarter.
- 19 funds opened new First Merchants positions in Q4 2013 and 12 closed out, a net change of +7 holders.
- The largest First Merchants buyer in Q4 2013 was Dimensional Fund Advisors, an estimated $12.4M added.
- The largest First Merchants seller in Q4 2013 was Bryn Mawr Capital Management Inc, an estimated $8.38M sold.
Based on aggregated 13F filings for Q4 2013.