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First Merchants

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: 230211 (-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: 51 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
EAM
26
Eagle Asset Management
Florida
$13.7M -$2.96M -74,714 -15%
NPIC
27
Neumeier Poma Investment Counsel
California
$13.6M -$417K -10,535 -2%
Fisher Asset Management
28
Fisher Asset Management
Washington
$12.2M -$1.24M -31,313 -8%
Schroder Investment Management Group
29
Schroder Investment Management Group
United Kingdom
$11.4M -$2.06M -52,088 -13%
Morgan Stanley
30
Morgan Stanley
New York
$9.75M -$1.09M -27,635 -9%
GC
31
Guggenheim Capital
Illinois
$9.62M -$122K -3,082 -1%
KCM
32
Kennedy Capital Management
Missouri
$9.25M -$822K -20,747 -7%
PFC
33
Phocas Financial Corp
California
$8.69M +$1.31M +33,053 +14%
ProShare Advisors
34
ProShare Advisors
Maryland
$7.76M +$740K +18,692 +9%
Wells Fargo
35
Wells Fargo
California
$7.58M +$1.07M +27,050 +13%
SEI Investments
36
SEI Investments
Pennsylvania
$7.54M +$766K +19,329 +9%
Russell Investments Group
37
Russell Investments Group
United Kingdom
$6.89M -$4.45M -112,454 -35%
Macquarie Group
38
Macquarie Group
Australia
$4.97M -$174K -4,405 -3%
Nordea Investment Management
39
Nordea Investment Management
Sweden
$4.95M -$76.3K -1,925 -1%
BNP Paribas Asset Management
40
BNP Paribas Asset Management
France
$4.88M +$136K +3,427 +2%
BGIM
41
Brandywine Global Investment Management
Pennsylvania
$4.82M +$3.22M +81,211 +125%
SO
42
STRS Ohio
Ohio
$4.68M -$1.38M -34,800 -20%
Hotchkis & Wiley Capital Management
43
Hotchkis & Wiley Capital Management
California
$4.6M +$733K +18,500 +15%
EC
44
EJF Capital
Virginia
$4.57M +$2.48M +62,560 +82%
FMC
45
First Merchants Corp
Indiana
$4.4M +$1.68M +42,325 +46%
Swiss National Bank
46
Swiss National Bank
Switzerland
$4.24M -$598K -15,100 -11%
Millennium Management
47
Millennium Management
New York
$4.18M +$1.01M +25,573 +25%
First Trust Advisors
48
First Trust Advisors
Illinois
$4.05M +$575K +14,512 +13%
OFS
49
OneAscent Financial Services
Alabama
$3.71M +$113K +2,863 +3%
Invesco
50
Invesco
Georgia
$3.71M -$1.67M -42,087 -27%

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.