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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
Ameriprise
51
Ameriprise
Minnesota
$3.58M +$86.9K +2,194 +2%
RhumbLine Advisers
52
RhumbLine Advisers
Massachusetts
$3.52M -$75.7K -1,911 -2%
Susquehanna International Group
53
Susquehanna International Group
Pennsylvania
$3.39M +$3.38M +85,263 +484%
Bank of America
54
Bank of America
North Carolina
$3.21M +$1.16M +29,173 +43%
FCM
55
FJ Capital Management
Virginia
$3.1M +$3.73M +94,057 New
PU
56
Petiole USA
New York
$3.1M -$931K -23,500 -20%
MCM
57
Maltese Capital Management
New York
$2.88M -$250K -6,300 -7%
Envestnet Asset Management
58
Envestnet Asset Management
Illinois
$2.72M +$1.12M +28,169 +52%
UBS AM
59
UBS AM
Illinois
$2.56M +$161K +4,075 +6%
FFBTD
60
First Financial Bank - Trust Division
Ohio
$2.5M
California State Teachers Retirement System (CalSTRS)
61
California State Teachers Retirement System (CalSTRS)
California
$2.43M -$39.3K -993 -1%
AllianceBernstein
62
AllianceBernstein
Tennessee
$2.27M
RJA
63
Raymond James & Associates
Florida
$2.18M -$2.73M -68,892 -51%
Cambridge Investment Research Advisors
64
Cambridge Investment Research Advisors
Iowa
$2.07M +$753 +19 +0%
Mariner
65
Mariner
Kansas
$2.05M +$44.7K +1,129 +2%
Wellington Management Group
66
Wellington Management Group
Massachusetts
$1.95M -$347K -8,760 -13%
Legal & General Group
67
Legal & General Group
United Kingdom
$1.81M +$128K +3,232 +6%
AR
68
Advisory Research
Illinois
$1.75M -$47.5K -1,200 -2%
CS
69
Credit Suisse
Switzerland
$1.74M +$98.1K +2,477 +5%
Barclays
70
Barclays
United Kingdom
$1.48M +$916K +23,134 +106%
T. Rowe Price Associates
71
T. Rowe Price Associates
Maryland
$1.45M +$175K +4,417 +11%
OAM
72
Oberweis Asset Management
Illinois
$1.39M +$665K +16,800 +66%
Two Sigma Advisers
73
Two Sigma Advisers
New York
$1.39M -$127K -3,200 -7%
OAM
74
Oppenheimer Asset Management
New York
$1.33M +$300K +7,569 +23%
ROC
75
River Oaks Capital
Minnesota
$1.25M +$492K +12,417 +49%

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.