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MERCHANTS BANCSHARES COM
MERCHANTS BANCSHARES COM. Institutional holdings reported to the SEC.

Institutional Holders (2014Q2)
Portfolio Summary: 67 Institutional holders with a total value of $70,440,721.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 AMERIPRISE FINANCIAL INC 295,526 9,452,000 13.42%
2 BlackRock Institutional Trust Company, N.A. 241,353 7,718,000 10.96%
3 DIMENSIONAL FUND ADVISORS LP 218,892 7,000,000 9.94%
4 VANGUARD GROUP INC 140,334 4,488,000 6.37%
5 BlackRock Fund Advisors 132,752 4,245,000 6.03%
6 CASTINE CAPITAL MANAGEMENT, LLC 118,913 3,803,000 5.40%
7 STATE STREET CORP 82,374 2,636,000 3.74%
8 Elizabeth Park Capital Advisors, Ltd. 79,267 2,534,000 3.60%
9 NORTHERN TRUST CORP 74,735 2,390,000 3.39%
10 AMICA MUTUAL INSURANCE CO 71,091 2,273,000 3.23%
11 Clean Yield Group 60,262 1,927,000 2.74%
12 LSV ASSET MANAGEMENT 59,414 1,900,000 2.70%
13 GEODE CAPITAL MANAGEMENT, LLC 53,447 1,709,000 2.43%
14 CRAWFORD INVESTMENT COUNSEL INC 51,062 1,633,000 2.32%
15 AMICA PENSION FUND BOARD OF TRUSTEES 42,673 1,365,000 1.94%
16 Bank of New York Mellon Corp 41,650 1,332,000 1.89%
17 BRIDGEWAY CAPITAL MANAGEMENT, LLC 34,000 1,087,000 1.54%
18 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 30,600 979,000 1.39%
19 PRENTISS SMITH & CO INC 28,874 923,000 1.31%
20 RENAISSANCE TECHNOLOGIES LLC 27,719 886,000 1.26%
21 TIAA CREF INVESTMENT MANAGEMENT LLC 27,024 864,000 1.23%
22 SEIDMAN LAWRENCE B 26,400 844,000 1.20%
23 Invesco Ltd. 21,540 689,000 0.98%
24 BlackRock Investment Management, LLC 17,780 569,000 0.81%
25 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 13,596 435,000 0.62%
26 DEUTSCHE BANK AG\ 13,551 432,000 0.61%
27 JPMORGAN CHASE & CO 13,500 432,000 0.61%
28 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. 12,200 390,000 0.55%
29 STRS OHIO 10,600 339,000 0.48%
30 MESIROW FINANCIAL INVESTMENT MANAGEMENT - Fixed Income 10,455 334,000 0.47%
31 Hanson & Doremus Investment Management 9,722 311,000 0.44%
32 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 9,406 301,000 0.43%
33 Opus Capital Group, LLC 9,000 288,000 0.41%
34 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 8,722 279,000 0.40%
35 SALZHAUER MICHAEL 8,360 267,000 0.38%
36 Nationwide Fund Advisors 7,762 248,000 0.35%
37 COMMUNITY FINANCIAL SYSTEM, INC. 7,750 248,000 0.35%
38 TEACHERS ADVISORS, LLC 7,254 232,000 0.33%
39 GENERAL MOTORS INVESTMENT MANAGEMENT CORP 7,184 230,000 0.33%
40 TRUST CO OF VERMONT 7,192 230,000 0.33%
41 PRUDENTIAL FINANCIAL INC 7,107 227,000 0.32%
42 Amica Retiree Medical Trust 6,670 213,000 0.30%
43 RHUMBLINE ADVISERS 6,498 208,000 0.30%
44 FIRST MANHATTAN CO. LLC. 6,000 191,000 0.27%
45 MORGAN STANLEY 5,933 190,000 0.27%
46 ALLIANCEBERNSTEIN L.P. 5,800 185,000 0.26%
47 PANAGORA ASSET MANAGEMENT INC 4,470 142,000 0.20%
48 AMERICAN INTERNATIONAL GROUP, INC. 3,369 107,741 0.15%
49 BLACKROCK ADVISORS LLC 3,340 107,000 0.15%
50 MANUFACTURERS LIFE INSURANCE COMPANY, THE 3,075 98,000 0.14%
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From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.