First Merchants
FRME
213 hedge funds and large institutions have $1.2B invested in First Merchants in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 83 increasing their positions, 63 reducing their positions, and 21 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 63
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
1% more funds holding
Funds holding: 211 → 213 (+2)
0.32% more ownership
Funds ownership: 71.67% → 71.98% (+0.32%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $1.21B → $1.2B (-$12.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$5.83M |
| 2 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$4.09M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$3.97M |
| 4 |
OFS
OneAscent Financial Services
Birmingham,
Alabama
|
+$3.4M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$3.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
-$5.03M |
| 2 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$4.76M |
| 3 |
BlackRock
New York
|
-$3.91M |
| 4 |
State Street
Boston,
Massachusetts
|
-$3.3M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPC
226
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$200K | -7,101 | Closed |
|
|
BC
227
Bartlett & Co
Cincinnati,
Ohio
| – | -$12.1K | -403 | -98% |
|
|
HS
228
Horan Securities
Cincinnati,
United States
| – | -$7.69K | -272 | Closed |
|
|
SWM
229
Spire Wealth Management
Mclean,
Virginia
| – | -$6.07K | -215 | Closed |
|
230
Simplex Trading
Chicago,
Illinois
| – | -$4K | -142 | Closed |
|
|
VCM
231
Versant Capital Management
Phoenix,
Arizona
| – | -$932 | -33 | Closed |
|
|
DI
232
Disciplined Investments
Tulsa,
Oklahoma
| – | -$311 | -11 | Closed |
|
|
NFSG
233
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$41 | -1 | Closed |
|
FRME Hedge Fund Activity: Q3 2023 in Review
213 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2023, worth a combined $1.2B — down 1% from $1.21B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FRME positions and 21 closed out — a net gain of 3 holders — while 83 added to existing stakes and 63 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $5.83M. The largest seller was Neumeier Poma Investment Counsel, exiting entirely with an estimated $5.03M sold.
- 213 institutional investors held First Merchants (FRME) as of Q3 2023, up from 211 in Q2 2023.
- Funds reported $1.2B of First Merchants stock for Q3 2023, down 1% quarter-over-quarter.
- 24 funds opened new First Merchants positions in Q3 2023 and 21 closed out, a net change of +3 holders.
- The largest First Merchants buyer in Q3 2023 was AQR Capital Management, an estimated $5.83M added.
- The largest First Merchants seller in Q3 2023 was Neumeier Poma Investment Counsel, an estimated $5.03M sold.
Based on aggregated 13F filings for Q3 2023.