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First Merchants

194 hedge funds and large institutions have $1.6B invested in First Merchants in 2018 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 70 increasing their positions, 60 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 60

1.07% more ownership

Funds ownership: 70.89%71.97% (+1.1%)

6% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 17

1% more funds holding

Funds holding: 193194 (+1)

2% less capital invested

Capital invested by funds: $1.63B → $1.6B (-$26.3M)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
194
Holders Change
+1
Holders Change %
+0.52%
% of All Funds
4.43%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
18
Increased
70
Reduced
60
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$190M +$3.1M +65,034 +2%
BlackRock
2
BlackRock
New York
$153M +$4.55M +95,642 +3%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$116M -$11.3M -236,774 -8%
CCMLC
4
Cardinal Capital Management LLC (Connecticut)
Connecticut
$84.7M +$20.6M +432,079 +29%
Goldman Sachs
5
Goldman Sachs
New York
$76.1M +$2.41M +50,582 +3%
State Street
6
State Street
Massachusetts
$71.8M +$15.1M +318,333 +25%
VNIM
7
Vaughan Nelson Investment Management
Texas
$64.9M -$18.4M -385,950 -21%
Northern Trust
8
Northern Trust
Illinois
$48.4M +$168K +3,528 +0.3%
Manulife (Manufacturers Life Insurance)
9
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$48.3M +$1.52M +31,915 +3%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$47.4M +$8.61K +181 +0%
PCA
11
PL Capital Advisors
Florida
$36.5M
Bank of New York Mellon
12
Bank of New York Mellon
New York
$36.3M +$234K +4,917 +0.6%
Renaissance Technologies
13
Renaissance Technologies
New York
$33.1M +$316K +6,649 +0.9%
Boston Partners
14
Boston Partners
Massachusetts
$30.3M -$832K -17,478 -3%
Lord, Abbett & Co
15
Lord, Abbett & Co
New Jersey
$26.4M -$1.77M -37,200 -6%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$23.2M +$3.55M +74,490 +17%
JP Morgan Chase
17
JP Morgan Chase
New York
$20.4M +$1.08M +22,719 +5%
Norges Bank
18
Norges Bank
Norway
$20.4M +$1.03M +21,621 +5%
TA
19
Teachers Advisors
New York
$18.9M +$141K +2,954 +0.7%
Public Employees Retirement Association of Colorado
20
Public Employees Retirement Association of Colorado
Colorado
$18.6M +$952K +20,000 +5%
ICOM
21
Investment Counselors of Maryland
Maryland
$17.4M -$71.4K -1,500 -0.4%
Allianz Asset Management
22
Allianz Asset Management
Germany
$14.6M -$1.16M -24,375 -7%
Schroder Investment Management Group
23
Schroder Investment Management Group
United Kingdom
$14M -$102K -2,136 -0.7%
Principal Financial Group
24
Principal Financial Group
Iowa
$14M -$1.01M -21,136 -6%
KCM
25
Kennedy Capital Management
Missouri
$12.5M -$2.56M -53,830 -16%

FRME Hedge Fund Activity: Q3 2018 in Review

194 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2018, worth a combined $1.6B — down 1.6% from $1.63B a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FRME positions and 17 closed out — a net gain of 1 holder — while 70 added to existing stakes and 60 trimmed.

The largest buyer was Cardinal Capital Management LLC (Connecticut), adding an estimated $20.6M. The largest seller was Vaughan Nelson Investment Management, cutting an estimated $18.4M.

  • 194 institutional investors held First Merchants (FRME) as of Q3 2018, up from 193 in Q2 2018.
  • Funds reported $1.6B of First Merchants stock for Q3 2018, down 1.6% quarter-over-quarter.
  • 18 funds opened new First Merchants positions in Q3 2018 and 17 closed out, a net change of +1 holder.
  • The largest First Merchants buyer in Q3 2018 was Cardinal Capital Management LLC (Connecticut), an estimated $20.6M added.
  • The largest First Merchants seller in Q3 2018 was Vaughan Nelson Investment Management, an estimated $18.4M sold.

Based on aggregated 13F filings for Q3 2018.