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

Institutional Holders (2014Q3)
Portfolio Summary: 64 Institutional holders with a total value of $62,924,134.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 AMERIPRISE FINANCIAL INC 298,976 8,428,000 13.39%
2 BlackRock Institutional Trust Company, N.A. 241,333 6,803,000 10.81%
3 DIMENSIONAL FUND ADVISORS LP 218,987 6,173,000 9.81%
4 VANGUARD GROUP INC 142,072 4,005,000 6.36%
5 BlackRock Fund Advisors 125,469 3,537,000 5.62%
6 CASTINE CAPITAL MANAGEMENT, LLC 123,913 3,493,000 5.55%
7 Elizabeth Park Capital Advisors, Ltd. 89,631 2,526,000 4.01%
8 STATE STREET CORP 81,908 2,311,000 3.67%
9 AMICA MUTUAL INSURANCE CO 71,091 2,004,000 3.18%
10 NORTHERN TRUST CORP 68,371 1,927,000 3.06%
11 Clean Yield Group 59,392 1,674,000 2.66%
12 LSV ASSET MANAGEMENT 59,414 1,674,000 2.66%
13 GEODE CAPITAL MANAGEMENT, LLC 54,766 1,543,000 2.45%
14 CRAWFORD INVESTMENT COUNSEL INC 51,062 1,439,000 2.29%
15 SEIDMAN LAWRENCE B 44,181 1,245,000 1.98%
16 BRIDGEWAY CAPITAL MANAGEMENT, LLC 44,000 1,240,000 1.97%
17 AMICA PENSION FUND BOARD OF TRUSTEES 42,673 1,203,000 1.91%
18 Bank of New York Mellon Corp 40,633 1,145,000 1.82%
19 PRENTISS SMITH & CO INC 35,474 1,000,000 1.59%
20 RENAISSANCE TECHNOLOGIES LLC 31,856 898,000 1.43%
21 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 30,600 863,000 1.37%
22 TIAA CREF INVESTMENT MANAGEMENT LLC 24,937 703,000 1.12%
23 Opus Capital Group, LLC 22,691 640,000 1.02%
24 Invesco Ltd. 21,729 612,000 0.97%
25 BlackRock Investment Management, LLC 17,648 497,000 0.79%
26 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 13,596 384,000 0.61%
27 THOMASPARTNERS, INC. 13,460 379,000 0.60%
28 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. 12,500 352,000 0.56%
29 MESIROW FINANCIAL INVESTMENT MANAGEMENT - Fixed Income 10,455 295,000 0.47%
30 STRS OHIO 10,100 285,000 0.45%
31 Hanson & Doremus Investment Management 9,722 274,000 0.44%
32 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 9,460 267,000 0.42%
33 DEUTSCHE BANK AG\ 9,466 266,000 0.42%
34 SALZHAUER MICHAEL 8,360 250,000 0.40%
35 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 8,722 246,000 0.39%
36 COMMUNITY FINANCIAL SYSTEM, INC. 7,750 219,000 0.35%
37 TEACHERS ADVISORS, LLC 7,254 204,000 0.32%
38 GENERAL MOTORS INVESTMENT MANAGEMENT CORP 7,184 203,000 0.32%
39 TRUST CO OF VERMONT 7,192 202,000 0.32%
40 Amica Retiree Medical Trust 6,670 188,000 0.30%
41 FIRST MANHATTAN CO. LLC. 6,000 169,000 0.27%
42 MORGAN STANLEY 5,879 166,000 0.26%
43 ALLIANCEBERNSTEIN L.P. 5,300 149,000 0.24%
44 Nationwide Fund Advisors 4,762 134,000 0.21%
45 AMERICAN INTERNATIONAL GROUP, INC. 3,367 94,916 0.15%
46 BLACKROCK ADVISORS LLC 3,340 94,000 0.15%
47 PRELUDE CAPITAL MANAGEMENT, LLC 2,400 68,000 0.11%
48 Brandywine Global Investment Management, LLC 2,010 57,000 0.09%
49 PNC FINANCIAL SERVICES GROUP, INC. 2,000 56,000 0.09%
50 MANUFACTURERS LIFE INSURANCE COMPANY, THE 1,832 52,000 0.08%
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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.