First Merchants
FRME
184 hedge funds and large institutions have $1.03B invested in First Merchants in 2020 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 51 increasing their positions, 67 reducing their positions, and 36 closing their positions.
1.14% less ownership
Funds ownership: 71.53% → 70.4% (-1.1%)
6% less funds holding
Funds holding: 196 → 184 (-12)
24% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 67
28% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 36
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
38% less capital invested
Capital invested by funds: $1.66B → $1.03B (-$629M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
+$14.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.46M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$4.19M |
| 4 |
JP Morgan Chase
New York
|
+$2.73M |
| 5 |
EARNEST Partners
Atlanta,
Georgia
|
+$2.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$12.3M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$11.3M |
| 3 |
Goldman Sachs
New York
|
-$9.16M |
| 4 |
Millennium Management
New York
|
-$4.13M |
| 5 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
-$3.5M |
FRME Hedge Fund Activity: Q1 2020 in Review
184 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2020, worth a combined $1.03B — down 38% from $1.66B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FRME and 26 opened new positions — a net loss of 10 holders — while 67 trimmed existing stakes and 51 added.
The largest buyer was Neumeier Poma Investment Counsel, opening a new position worth an estimated $14.2M. The largest seller was Vaughan Nelson Investment Management, cutting an estimated $12.3M.
- 184 institutional investors held First Merchants (FRME) as of Q1 2020, down from 196 in Q4 2019.
- Funds reported $1.03B of First Merchants stock for Q1 2020, down 38% quarter-over-quarter.
- 26 funds opened new First Merchants positions in Q1 2020 and 36 closed out, a net change of -10 holders.
- The largest First Merchants buyer in Q1 2020 was Neumeier Poma Investment Counsel, an estimated $14.2M added.
- The largest First Merchants seller in Q1 2020 was Vaughan Nelson Investment Management, an estimated $12.3M sold.
Based on aggregated 13F filings for Q1 2020.