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

Institutional Holders (2016Q2)
Portfolio Summary: 69 Institutional holders with a total value of $77,644,253.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 CASTINE CAPITAL MANAGEMENT, LLC 283,362 8,637,000 11.12%
2 BlackRock Institutional Trust Company, N.A. 243,158 7,411,000 9.54%
3 DIMENSIONAL FUND ADVISORS LP 232,839 7,097,000 9.14%
4 AMERIPRISE FINANCIAL INC 191,176 5,826,000 7.50%
5 BlackRock Fund Advisors 151,909 4,630,000 5.96%
6 VANGUARD GROUP INC 151,349 4,613,000 5.94%
7 MANUFACTURERS LIFE INSURANCE COMPANY, THE 144,606 4,408,000 5.68%
8 AMICA MUTUAL INSURANCE CO 116,166 3,541,000 4.56%
9 STATE STREET CORP 82,901 2,524,000 3.25%
10 NORTHERN TRUST CORP 75,842 2,312,000 2.98%
11 AMICA PENSION FUND BOARD OF TRUSTEES 73,114 2,229,000 2.87%
12 RENAISSANCE TECHNOLOGIES LLC 72,700 2,216,000 2.85%
13 LSV ASSET MANAGEMENT 62,965 1,919,000 2.47%
14 CRAWFORD INVESTMENT COUNSEL INC 62,659 1,910,000 2.46%
15 GEODE CAPITAL MANAGEMENT, LLC 59,980 1,828,000 2.35%
16 Clean Yield Group 58,517 1,784,000 2.30%
17 BRIDGEWAY CAPITAL MANAGEMENT, LLC 44,050 1,343,000 1.73%
18 BANC FUNDS CO LLC 41,901 1,277,000 1.64%
19 PRENTISS SMITH & CO INC 32,092 978,000 1.26%
20 Bank of New York Mellon Corp 30,426 928,000 1.20%
21 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 24,100 735,000 0.95%
22 TDAM USA INC. 23,390 713,000 0.92%
23 BlackRock Investment Management, LLC 23,078 703,000 0.91%
24 DEUTSCHE BANK AG\ 22,226 675,000 0.87%
25 TIAA CREF INVESTMENT MANAGEMENT LLC 20,366 621,000 0.80%
26 FIRST NIAGARA BANK 1,667 508,000 0.65%
27 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 13,596 415,000 0.53%
28 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 12,067 368,000 0.47%
29 TRUST CO OF VERMONT 11,952 365,000 0.47%
30 PARAMETRIC PORTFOLIO ASSOCIATES LLC 11,812 360,000 0.46%
31 STRS OHIO 11,600 353,000 0.45%
32 Amica Retiree Medical Trust 11,393 347,000 0.45%
33 Harvest Capital Strategies LLC 10,980 335,000 0.43%
34 FMR LLC 10,000 305,000 0.39%
35 Hanson & Doremus Investment Management 9,372 286,000 0.37%
36 WEDGE CAPITAL MANAGEMENT L L P/NC 9,100 277,000 0.36%
37 TEACHERS ADVISORS, LLC 8,396 256,000 0.33%
38 SALZHAUER MICHAEL 8,260 252,000 0.32%
39 Community Bank, N.A. 7,750 236,000 0.30%
40 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 7,674 234,000 0.30%
41 MORGAN STANLEY 6,943 212,000 0.27%
42 RHUMBLINE ADVISERS 6,627 202,000 0.26%
43 FIRST MANHATTAN CO. LLC. 6,000 182,000 0.23%
44 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. 5,751 175,000 0.23%
45 NEW YORK STATE COMMON RETIREMENT FUND 4,500 137,000 0.18%
46 Nationwide Fund Advisors 4,188 128,000 0.16%
47 UBS Group AG 3,874 118,000 0.15%
48 AMERICAN INTERNATIONAL GROUP, INC. 3,313 100,980 0.13%
49 BLACKROCK ADVISORS LLC 3,063 93,000 0.12%
50 Brandywine Global Investment Management, LLC 2,810 86,000 0.11%
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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.