First Merchants
FRME
211 hedge funds and large institutions have $1.21B invested in First Merchants in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 80 increasing their positions, 60 reducing their positions, and 26 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 60
4% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 26
0% more funds holding
Funds holding: 211 → 211 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.87% less ownership
Funds ownership: 72.53% → 71.67% (-0.87%)
15% less capital invested
Capital invested by funds: $1.42B → $1.21B (-$215M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $2K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$19.5M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$7.13M |
| 3 |
State Street
Boston,
Massachusetts
|
+$4.52M |
| 4 |
Millennium Management
New York
|
+$3.54M |
| 5 |
Public Employees Retirement Association of Colorado
Denver,
Colorado
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
New York State Common Retirement Fund
Albany,
New York
|
-$16.1M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$14.9M |
| 3 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$10.9M |
| 4 |
EARNEST Partners
Atlanta,
Georgia
|
-$6.87M |
| 5 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
-$6.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AB
226
Atlas Brown
Louisville,
Kentucky
| – | -$211K | -6,405 | Closed |
|
|
OFG
227
Oxford Financial Group
Carmel,
Indiana
| – | -$205K | -6,222 | Closed |
|
228
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$204K | -6,198 | Closed |
|
|
KIG
229
Kessler Investment Group
Columbus,
Indiana
| – | -$153K | -4,640 | Closed |
|
|
VC
230
Vestor Capital
Chicago,
Illinois
| – | -$45K | -1,355 | Closed |
|
|
QL
231
Quarry LP
New York
| – | -$22.3K | -678 | Closed |
|
232
Bessemer Group
Woodbridge,
New Jersey
| – | -$7K | -222 | Closed |
|
|
TWA
233
TCI Wealth Advisors
Tucson,
Arizona
| – | -$6.69K | -203 | Closed |
|
|
FHA
234
First Horizon Advisors
Memphis,
Tennessee
| – | -$4.12K | -125 | Closed |
|
|
BAM
235
Belpointe Asset Management
Reno,
Nevada
| – | -$1.75K | -53 | Closed |
|
|
SC
236
Schubert & Co
Mckinney,
Texas
| – | -$528 | -16 | Closed |
|
|
CAL
237
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | +$114 | +4 | New |
|
FRME Hedge Fund Activity: Q2 2023 in Review
211 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2023, worth a combined $1.21B — down 15% from $1.42B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FRME positions and 26 closed out — a net gain of 1 holder — while 80 added to existing stakes and 60 trimmed.
The largest buyer was BlackRock, adding an estimated $19.5M. The largest seller was New York State Common Retirement Fund, cutting an estimated $16.1M.
- 211 institutional investors held First Merchants (FRME) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $1.21B of First Merchants stock for Q2 2023, down 15% quarter-over-quarter.
- 27 funds opened new First Merchants positions in Q2 2023 and 26 closed out, a net change of +1 holder.
- The largest First Merchants buyer in Q2 2023 was BlackRock, an estimated $19.5M added.
- The largest First Merchants seller in Q2 2023 was New York State Common Retirement Fund, an estimated $16.1M sold.
Based on aggregated 13F filings for Q2 2023.