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First Merchants
FRME

229 hedge funds and large institutions have $1.64B invested in First Merchants in 2023 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 74 increasing their positions, 79 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

86% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 22

37% more capital invested

Capital invested by funds: $1.2B → $1.64B (+$444M)

8% more funds holding

Funds holding: 213 → 229 (+16)

1.94% more ownership

Funds ownership: 71.98% → 73.92% (+1.9%)

6% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 79

Holders
229
Holders Change
+16
Holders Change %
+7.51%
% of All Funds
3.34%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
41
Increased
74
Reduced
79
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$12.8M
2
Morgan Stanley
Morgan Stanley
New York
+$12.2M
3
American Century Companies
American Century Companies
Missouri
+$7.61M
4
RIP
Rhino Investment Partners
Pennsylvania
+$7.16M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$6.54M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$5.45M
2
WI
WBI Investments
New Jersey
-$3.8M
3
EARNEST Partners
EARNEST Partners
Georgia
-$3.62M
4
MCM
Maltese Capital Management
New York
-$3.34M
5
FCM
FJ Capital Management
Virginia
-$3.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Guggenheim Capital
Illinois
$13.4M -$74.6K -2,407 -0.7%
Schroder Investment Management Group
27
Schroder Investment Management Group
United Kingdom
$12.3M -$123K -3,977 -1%
First Trust Advisors
28
First Trust Advisors
Illinois
$12.2M +$720K +23,251 +8%
SEI Investments
29
SEI Investments
Pennsylvania
$10.7M +$1.99M +64,211 +28%
BCM
30
Bridgeway Capital Management
Texas
$10.4M +$607K +19,580 +8%
PFC
31
Phocas Financial Corp
California
$9.89M +$150K +4,845 +2%
EAM
32
Eagle Asset Management
Florida
$9M +$150K +4,827 +2%
ProShare Advisors
33
ProShare Advisors
Maryland
$8.92M -$1.04M -33,437 -12%
RIP
34
Rhino Investment Partners
Pennsylvania
$8.57M +$7.16M +231,169 New
Wells Fargo
35
Wells Fargo
California
$7.19M -$524K -16,904 -8%
Hotchkis & Wiley Capital Management
36
Hotchkis & Wiley Capital Management
California
$6.82M -$121K -3,893 -2%
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$6.77M -$59.9K -1,934 -1%
Macquarie Group
38
Macquarie Group
Australia
$6.4M +$901K +29,100 +20%
AQR Capital Management
39
AQR Capital Management
Connecticut
$6.23M -$1.05M -33,880 -17%
SO
40
STRS Ohio
Ohio
$6.03M -$304K -9,800 -6%
GLA
41
Great Lakes Advisors
Illinois
$5.18M +$2.48M +79,945 +134%
EF
42
Empowered Funds
Pennsylvania
$4.87M +$607K +19,580 +18%
OFS
43
OneAscent Financial Services
Alabama
$4.77M +$472K +15,231 +13%
BNP Paribas Asset Management
44
BNP Paribas Asset Management
France
$4.73M +$444K +14,347 +13%
Bank of America
45
Bank of America
North Carolina
$4.69M +$505K +16,305 +15%
Swiss National Bank
46
Swiss National Bank
Switzerland
$4.36M -$418K -13,500 -10%
Barclays
47
Barclays
United Kingdom
$4.31M +$1.45M +46,854 +68%
KCM
48
Kennedy Capital Management
Missouri
$4.26M -$1.55M -50,182 -30%
FMC
49
First Merchants Corp
Indiana
$4.17M +$47.5K +1,534 +1%
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$4.16M -$51.6K -1,666 -1%
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FRME Hedge Fund Activity: Q4 2023 in Review

229 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2023, worth a combined $1.64B — up 37% from $1.2B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new FRME positions and 22 closed out — a net gain of 19 holders — while 74 added to existing stakes and 79 trimmed.

The largest buyer was BlackRock, adding an estimated $12.8M. The largest seller was Millennium Management, cutting an estimated $5.45M.

  • 229 institutional investors held First Merchants (FRME) as of Q4 2023, up from 213 in Q3 2023.
  • Funds reported $1.64B of First Merchants stock for Q4 2023, up 37% quarter-over-quarter.
  • 41 funds opened new First Merchants positions in Q4 2023 and 22 closed out, a net change of +19 holders.
  • The largest First Merchants buyer in Q4 2023 was BlackRock, an estimated $12.8M added.
  • The largest First Merchants seller in Q4 2023 was Millennium Management, an estimated $5.45M sold.

Based on aggregated 13F filings for Q4 2023.