First Merchants
FRME
121 hedge funds and large institutions have $547M invested in First Merchants in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 39 reducing their positions, and 17 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 39
0.56% more ownership
Funds ownership: 69.6% → 70.16% (+0.56%)
4% less capital invested
Capital invested by funds: $569M → $547M (-$22.2M)
4% less funds holding
Funds holding: 126 → 121 (-5)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.37M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$6.89M |
| 3 |
JP Morgan Chase
New York
|
+$1.84M |
| 4 |
BNP Paribas Asset Management
Paris,
France
|
+$1.78M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$7.89M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$6.6M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.89M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.62M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$1.4M |
FRME Hedge Fund Activity: Q1 2014 in Review
121 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2014, worth a combined $547M — down 3.9% from $569M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FRME and 12 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 44 added.
The largest buyer was Wellington Management Group, adding an estimated $9.37M. The largest seller was Bryn Mawr Capital Management Inc, cutting an estimated $7.89M.
- 121 institutional investors held First Merchants (FRME) as of Q1 2014, down from 126 in Q4 2013.
- Funds reported $547M of First Merchants stock for Q1 2014, down 3.9% quarter-over-quarter.
- 12 funds opened new First Merchants positions in Q1 2014 and 17 closed out, a net change of -5 holders.
- The largest First Merchants buyer in Q1 2014 was Wellington Management Group, an estimated $9.37M added.
- The largest First Merchants seller in Q1 2014 was Bryn Mawr Capital Management Inc, an estimated $7.89M sold.
Based on aggregated 13F filings for Q1 2014.