First Merchants
FRME
157 hedge funds and large institutions have $813M invested in First Merchants in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 59 increasing their positions, 46 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
28% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 46
6% more capital invested
Capital invested by funds: $765M → $813M (+$48M)
5% more funds holding
Funds holding: 149 → 157 (+8)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$7.39M |
| 2 |
Millennium Management
New York
|
+$5.54M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$4.19M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$3.03M |
| 5 |
Goldman Sachs
New York
|
+$2.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Endicott Management
New York
|
-$33.6M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$2.42M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$2.22M |
| 4 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
-$1.59M |
| 5 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$1.16M |
FRME Hedge Fund Activity: Q3 2016 in Review
157 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2016, worth a combined $813M — up 6.3% from $765M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FRME positions and 8 closed out — a net gain of 9 holders — while 59 added to existing stakes and 46 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $7.39M. The largest seller was Endicott Management, cutting an estimated $33.6M.
- 157 institutional investors held First Merchants (FRME) as of Q3 2016, up from 149 in Q2 2016.
- Funds reported $813M of First Merchants stock for Q3 2016, up 6.3% quarter-over-quarter.
- 17 funds opened new First Merchants positions in Q3 2016 and 8 closed out, a net change of +9 holders.
- The largest First Merchants buyer in Q3 2016 was Manulife (Manufacturers Life Insurance), an estimated $7.39M added.
- The largest First Merchants seller in Q3 2016 was Endicott Management, an estimated $33.6M sold.
Based on aggregated 13F filings for Q3 2016.