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

Institutional Holders (2016Q1)
Portfolio Summary: 69 Institutional holders with a total value of $72,753,416.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 AMERIPRISE FINANCIAL INC 273,396 8,130,000 11.17%
2 BlackRock Institutional Trust Company, N.A. 238,810 7,102,000 9.76%
3 DIMENSIONAL FUND ADVISORS LP 230,543 6,856,000 9.42%
4 CASTINE CAPITAL MANAGEMENT, LLC 149,804 4,455,000 6.12%
5 VANGUARD GROUP INC 146,935 4,370,000 6.01%
6 MANUFACTURERS LIFE INSURANCE COMPANY, THE 137,635 4,111,000 5.65%
7 BlackRock Fund Advisors 128,118 3,810,000 5.24%
8 AMICA MUTUAL INSURANCE CO 116,166 3,455,000 4.75%
9 STATE STREET CORP 81,281 2,421,000 3.33%
10 AMICA PENSION FUND BOARD OF TRUSTEES 73,114 2,174,000 2.99%
11 NORTHERN TRUST CORP 67,456 2,006,000 2.76%
12 LSV ASSET MANAGEMENT 62,965 1,872,000 2.57%
13 CRAWFORD INVESTMENT COUNSEL INC 61,659 1,834,000 2.52%
14 GEODE CAPITAL MANAGEMENT, LLC 58,719 1,746,000 2.40%
15 Clean Yield Group 56,929 1,704,000 2.34%
16 RENAISSANCE TECHNOLOGIES LLC 55,800 1,659,000 2.28%
17 BRIDGEWAY CAPITAL MANAGEMENT, LLC 44,100 1,312,000 1.80%
18 BANC FUNDS CO LLC 41,901 1,246,000 1.71%
19 PRENTISS SMITH & CO INC 38,451 1,144,000 1.57%
20 Raymond James Financial Services Advisors, Inc. 37,207 1,107,000 1.52%
21 Bank of New York Mellon Corp 30,339 902,000 1.24%
22 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 24,100 717,000 0.99%
23 Harvest Capital Strategies LLC 21,712 646,000 0.89%
24 TIAA CREF INVESTMENT MANAGEMENT LLC 20,104 598,000 0.82%
25 BlackRock Investment Management, LLC 18,332 545,000 0.75%
26 FIRST NIAGARA BANK 16,667 496,000 0.68%
27 TRUST CO OF VERMONT 14,943 444,000 0.61%
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 13,596 405,000 0.56%
29 PARAMETRIC PORTFOLIO ASSOCIATES LLC 11,393 339,000 0.47%
30 Amica Retiree Medical Trust 11,393 339,000 0.47%
31 IBM Retirement Fund 11,057 329,000 0.45%
32 STRS OHIO 10,700 318,000 0.44%
33 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 10,513 313,000 0.43%
34 FMR LLC 10,000 297,000 0.41%
35 Hanson & Doremus Investment Management 9,372 279,000 0.38%
36 WEDGE CAPITAL MANAGEMENT L L P/NC 9,100 271,000 0.37%
37 DEUTSCHE BANK AG\ 8,451 250,000 0.34%
38 SALZHAUER MICHAEL 8,260 246,000 0.34%
39 RHUMBLINE ADVISERS 8,237 245,000 0.34%
40 Community Bank, N.A. 7,750 230,000 0.32%
41 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 7,674 228,000 0.31%
42 TEACHERS ADVISORS, LLC 7,144 212,000 0.29%
43 MORGAN STANLEY 6,447 192,000 0.26%
44 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. 6,351 189,000 0.26%
45 FIRST MANHATTAN CO. LLC. 6,000 178,000 0.24%
46 CITIGROUP INC 5,276 156,000 0.21%
47 NEW YORK STATE COMMON RETIREMENT FUND 4,500 134,000 0.18%
48 Nationwide Fund Advisors 3,802 113,000 0.16%
49 BLACKROCK ADVISORS LLC 3,024 90,000 0.12%
50 AMERICAN INTERNATIONAL GROUP, INC. 2,913 87,000 0.12%
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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.