We are live on ! Find out more
FRME icon

First Merchants
FRME

211 hedge funds and large institutions have $1.42B invested in First Merchants in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 86 increasing their positions, 59 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 59

0.08% less ownership

Funds ownership: 72.62% → 72.53% (-0.08%)

8% less funds holding

Funds holding: 230 → 211 (-19)

14% less capital invested

Capital invested by funds: $1.66B → $1.42B (-$238M)

48% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 31

80% less funds holding in top 10

Funds holding in top 10: 5 → 1 (-4)

Holders
211
Holders Change
-19
Holders Change %
-8.26%
% of All Funds
3.36%
Holding in Top 10
1
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-80%
% of All Funds
0.02%
New
16
Increased
86
Reduced
59
Closed
31
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EARNEST Partners
EARNEST Partners
Georgia
+$9.6M
2
American Century Companies
American Century Companies
Missouri
+$4.83M
3
State Street
State Street
Massachusetts
+$4.82M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.08M
5
FCM
FJ Capital Management
Virginia
+$3.73M

Top Sellers

Rank Fund Capital Flow
1
PC
Pier Capital
Connecticut
-$9.9M
2
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
-$6.44M
3
Victory Capital Management
Victory Capital Management
Texas
-$5.28M
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$5.08M
5
Russell Investments Group
Russell Investments Group
United Kingdom
-$4.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
226
D.A. Davidson & Co
Montana
– -$322K -7,825 Closed
AQR Capital Management
227
AQR Capital Management
Connecticut
– -$311K -7,574 Closed
SIA
228
Schechter Investment Advisors
Michigan
– -$299K -7,269 Closed
CSS
229
Cubist Systematic Strategies
Connecticut
– -$249K -6,065 Closed
UWPG
230
Ullmann Wealth Partners Group
Florida
– -$234K -5,695 Closed
HighTower Advisors
231
HighTower Advisors
Illinois
– -$209K -5,049 Closed
HF
232
HRT Financial
New York
– -$201K -4,897 Closed
Two Sigma Investments
233
Two Sigma Investments
New York
– -$201K -4,896 Closed
ACM
234
Aquatic Capital Management
Illinois
– -$152K -3,700 Closed
CTA
235
Colonial Trust Advisors
South Carolina
– -$57.6K -1,400 Closed
GRP
236
Global Retirement Partners
California
– -$37.4K -909 Closed
WIM
237
Westside Investment Management
California
– -$25 -613 Closed
DZ Bank
238
DZ Bank
Germany
– -$14K -340 Closed
USCWA
239
U.S. Capital Wealth Advisors
Texas
– -$11.5K -279 Closed
IA
240
IFP Advisors
Florida
– -$3K -67 Closed
AF
241
Allworth Financial
California
– -$2.67K -65 Closed
NA
242
NewEdge Advisors
Louisiana
– -$1.56K -38 Closed
6 7 8 9
10

FRME Hedge Fund Activity: Q1 2023 in Review

211 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2023, worth a combined $1.42B — down 14% from $1.66B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of FRME and 16 opened new positions — a net loss of 15 holders — while 59 trimmed existing stakes and 86 added.

The largest buyer was EARNEST Partners, adding an estimated $9.6M. The largest seller was Pier Capital, exiting entirely with an estimated $9.9M sold.

  • 211 institutional investors held First Merchants (FRME) as of Q1 2023, down from 230 in Q4 2022.
  • Funds reported $1.42B of First Merchants stock for Q1 2023, down 14% quarter-over-quarter.
  • 16 funds opened new First Merchants positions in Q1 2023 and 31 closed out, a net change of -15 holders.
  • The largest First Merchants buyer in Q1 2023 was EARNEST Partners, an estimated $9.6M added.
  • The largest First Merchants seller in Q1 2023 was Pier Capital, an estimated $9.9M sold.

Based on aggregated 13F filings for Q1 2023.