First Merchants
FRME
272 hedge funds and large institutions have $1.8B invested in First Merchants in 2025 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 78 increasing their positions, 95 reducing their positions, and 16 closing their positions.
131% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 16
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
8% more funds holding
Funds holding: 253 → 272 (+19)
1.44% more ownership
Funds ownership: 74.4% → 75.84% (+1.4%)
3% more capital invested
Capital invested by funds: $1.74B → $1.8B (+$53.7M)
18% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 95
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$16.3M |
| 2 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$13M |
| 3 |
MIM
MetLife Investment Management
Whippany,
New Jersey
|
+$12.5M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$9.31M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$7.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$12.1M |
| 2 |
Bank of New York Mellon
New York
|
-$10M |
| 3 |
State Street
Boston,
Massachusetts
|
-$7.94M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$5.19M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$4.31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Tudor Investment Corp
Stamford,
Connecticut
| – | -$539K | -13,509 | Closed |
|
277
Verition Fund Management
Greenwich,
Connecticut
| – | -$330K | -8,277 | Closed |
|
|
SC
278
Savant Capital
Rockford,
Illinois
| – | -$244K | -6,124 | Closed |
|
|
PA
279
Profund Advisors
Bethesda,
Maryland
| – | -$238K | -5,975 | Closed |
|
|
VFA
280
Valeo Financial Advisors
Carmel,
Indiana
| – | -$233K | -5,835 | Closed |
|
|
HI
281
Harbour Investments
Madison,
Wisconsin
| – | -$232K | -5,813 | Closed |
|
|
CCAL
282
City Center Advisors LLC
Troy,
Michigan
| – | -$219K | -5,486 | Closed |
|
|
SFS
283
Security Financial Services
Fort Wayne,
Indiana
| – | -$211K | -5,296 | Closed |
|
|
SM
284
Sciencast Management
Princeton,
New Jersey
| – | -$203K | -5,083 | Closed |
|
|
QL
285
Quarry LP
New York
| – | -$25.4K | -638 | Closed |
|
|
RS
286
R Squared
Central,
Hong Kong
| – | -$10.4K | -260 | Closed |
|
|
AAP
287
Arax Advisory Partners
Denver,
Colorado
| – | -$7.42K | -186 | Closed |
|
|
CFGS
288
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$1K | -25 | Closed |
|
FRME Hedge Fund Activity: Q1 2025 in Review
272 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2025, worth a combined $1.8B — up 3.1% from $1.74B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FRME positions and 16 closed out — a net gain of 21 holders — while 78 added to existing stakes and 95 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $16.3M. The largest seller was American Century Companies, cutting an estimated $12.1M.
- 272 institutional investors held First Merchants (FRME) as of Q1 2025, up from 253 in Q4 2024.
- Funds reported $1.8B of First Merchants stock for Q1 2025, up 3.1% quarter-over-quarter.
- 37 funds opened new First Merchants positions in Q1 2025 and 16 closed out, a net change of +21 holders.
- The largest First Merchants buyer in Q1 2025 was First Trust Advisors, an estimated $16.3M added.
- The largest First Merchants seller in Q1 2025 was American Century Companies, an estimated $12.1M sold.
Based on aggregated 13F filings for Q1 2025.