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First Merchants

135 hedge funds and large institutions have $773M invested in First Merchants in 2015 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 50 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more capital invested

Capital invested by funds: $672M → $773M (+$102M)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

6% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 50

4% less funds holding

Funds holding: 140135 (-5)

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

Holders
135
Holders Change
-5
Holders Change %
-3.57%
% of All Funds
3.77%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.14%
New
15
Increased
47
Reduced
50
Closed
20
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$79.1M +$1.71M +66,107 +2%
Wellington Management Group
2
Wellington Management Group
Massachusetts
$78.2M -$965K -37,332 -1%
VNIM
3
Vaughan Nelson Investment Management
Texas
$38.9M +$38.4M +1,484,675 New
EM
4
Endicott Management
New York
$37M
CCCPI
5
Castle Creek Capital Partners IV
California
$36.6M
Vanguard Group
6
Vanguard Group
Pennsylvania
$34.9M +$552K +21,362 +2%
Allianz Asset Management
7
Allianz Asset Management
Germany
$29.1M -$1.12M -43,167 -4%
BIT
8
BlackRock Institutional Trust
California
$28.4M -$889K -34,381 -3%
Lord, Abbett & Co
9
Lord, Abbett & Co
New Jersey
$25.3M +$25M +965,156 New
BFA
10
BlackRock Fund Advisors
California
$24.7M -$280K -10,844 -1%
Goldman Sachs
11
Goldman Sachs
New York
$24.1M +$16.9M +654,538 +246%
Northern Trust
12
Northern Trust
Illinois
$23.6M +$1.38M +53,240 +6%
Renaissance Technologies
13
Renaissance Technologies
New York
$19.9M +$1.72M +66,400 +10%
BFC
14
Banc Funds Company
Illinois
$17.7M -$918K -35,500 -5%
State Street
15
State Street
Massachusetts
$16M -$410K -15,862 -3%
DRZID
16
DePrince Race & Zollo Inc (DRZ)
Florida
$15.4M -$813K -31,446 -5%
PCA
17
PL Capital Advisors
Florida
$14.3M
SFM
18
Systematic Financial Management
New Jersey
$14.2M -$545K -21,090 -4%
ICOM
19
Investment Counselors of Maryland
Maryland
$11.9M -$1.24M -47,800 -10%
New York State Common Retirement Fund
20
New York State Common Retirement Fund
New York
$11M -$172K -6,644 -2%
WCM
21
Wedge Capital Management
North Carolina
$9.27M -$170K -6,575 -2%
RFC
22
Russell Frank Company
Washington
$8.61M -$15.9K -614 -0.2%
Geode Capital Management
23
Geode Capital Management
Massachusetts
$8.28M +$40.2K +1,554 +0.5%
LSV Asset Management
24
LSV Asset Management
Illinois
$8.11M +$1.07M +41,300 +15%
CCM
25
Castine Capital Management
Massachusetts
$7.93M -$523K -20,240 -6%

FRME Hedge Fund Activity: Q3 2015 in Review

135 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2015, worth a combined $773M — up 15% from $672M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FRME and 15 opened new positions — a net loss of 5 holders — while 50 trimmed existing stakes and 47 added.

The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $38.4M. The largest seller was Millennium Management, exiting entirely with an estimated $5.39M sold.

  • 135 institutional investors held First Merchants (FRME) as of Q3 2015, down from 140 in Q2 2015.
  • Funds reported $773M of First Merchants stock for Q3 2015, up 15% quarter-over-quarter.
  • 15 funds opened new First Merchants positions in Q3 2015 and 20 closed out, a net change of -5 holders.
  • The largest First Merchants buyer in Q3 2015 was Vaughan Nelson Investment Management, an estimated $38.4M added.
  • The largest First Merchants seller in Q3 2015 was Millennium Management, an estimated $5.39M sold.

Based on aggregated 13F filings for Q3 2015.