First Merchants
FRME
230 hedge funds and large institutions have $1.41B invested in First Merchants in 2024 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 89 increasing their positions, 69 reducing their positions, and 27 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
29% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 69
0.29% more ownership
Funds ownership: 72.51% → 72.8% (+0.29%)
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
1% less funds holding
Funds holding: 233 → 230 (-3)
5% less capital invested
Capital invested by funds: $1.49B → $1.41B (-$78.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMC
First Merchants Corp
Muncie,
Indiana
|
+$16M |
| 2 |
MIIM
Mesirow Institutional Investment Management
Chicago,
Illinois
|
+$8.25M |
| 3 |
State Street
Boston,
Massachusetts
|
+$6.37M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.03M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$4.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$35.7M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$5.84M |
| 3 |
OFS
OneAscent Financial Services
Birmingham,
Alabama
|
-$4.49M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.42M |
| 5 |
BlackRock
New York
|
-$3.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$20.2K | -578 | Closed |
|
|
HI
252
Harbour Investments
Madison,
Wisconsin
| – | -$11.5K | -330 | Closed |
|
|
GWM
253
Geneos Wealth Management
Englewood,
Colorado
| – | -$873 | -25 | Closed |
|
|
AWM
254
Avior Wealth Management
Omaha,
Nebraska
| – | -$488 | -14 | Closed |
|
|
TWP
255
TFO Wealth Partners
Maumee,
Ohio
| – | -$105 | -3 | Closed |
|
|
NA
256
NewEdge Advisors
New Orleans,
Louisiana
| – | -$70 | -2 | Closed |
|
FRME Hedge Fund Activity: Q2 2024 in Review
230 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2024, worth a combined $1.41B — down 5.3% from $1.49B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of FRME and 25 opened new positions — a net loss of 2 holders — while 69 trimmed existing stakes and 89 added.
The largest buyer was First Merchants Corp, adding an estimated $16M. The largest seller was Cardinal Capital Management LLC (Connecticut), cutting an estimated $35.7M.
- 230 institutional investors held First Merchants (FRME) as of Q2 2024, down from 233 in Q1 2024.
- Funds reported $1.41B of First Merchants stock for Q2 2024, down 5.3% quarter-over-quarter.
- 25 funds opened new First Merchants positions in Q2 2024 and 27 closed out, a net change of -2 holders.
- The largest First Merchants buyer in Q2 2024 was First Merchants Corp, an estimated $16M added.
- The largest First Merchants seller in Q2 2024 was Cardinal Capital Management LLC (Connecticut), an estimated $35.7M sold.
Based on aggregated 13F filings for Q2 2024.