We are live on ! Find out more
FRME icon

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
Invesco
51
Invesco
Georgia
$4.08M +$300K +9,697 +10%
Ameriprise
52
Ameriprise
Minnesota
$4.01M +$4.46K +144 +0.1%
DA
53
Denali Advisors
California
$3.96M +$1.59M +51,400 +93%
Nordea Investment Management
54
Nordea Investment Management
Sweden
$3.73M -$99.8K -3,222 -3%
New York State Common Retirement Fund
55
New York State Common Retirement Fund
New York
$3.61M +$670K +21,632 +29%
EC
56
EJF Capital
Virginia
$3.55M -$339K -10,929 -10%
UBS Group
57
UBS Group
Switzerland
$3.5M +$1.28M +41,163 +77%
PU
58
Petiole USA
New York
$3.49M – – –
Corient Private Wealth
59
Corient Private Wealth
Florida
$3.09M +$1.75M +56,406 +210%
OAM
60
Oberweis Asset Management
Illinois
$2.94M +$195K +6,300 +9%
RHCA
61
Rosenthal Henry Capital Advisors
Indiana
$2.91M -$151K -4,889 -6%
FFBTD
62
First Financial Bank - Trust Division
Ohio
$2.81M – – –
AllianceBernstein
63
AllianceBernstein
Tennessee
$2.6M +$31K +1,000 +1%
UBS AM
64
UBS AM
Illinois
$2.45M – – –
California State Teachers Retirement System (CalSTRS)
65
California State Teachers Retirement System (CalSTRS)
California
$2.33M -$89.3K -2,882 -4%
Mariner
66
Mariner
Kansas
$2.29M -$10.4K -335 -0.5%
Deutsche Bank
67
Deutsche Bank
Germany
$2.27M +$1.03M +33,398 +120%
Legal & General Group
68
Legal & General Group
United Kingdom
$2.12M +$19.3K +623 +1%
Citigroup
69
Citigroup
New York
$2.07M +$753K +24,317 +77%
CS
70
Credit Suisse
Switzerland
$2.03M -$96K -3,100 -5%
Cambridge Investment Research Advisors
71
Cambridge Investment Research Advisors
Iowa
$1.98M -$270K -8,702 -14%
EPCA
72
Elizabeth Park Capital Advisors
Ohio
$1.96M +$1.64M +52,989 New
T. Rowe Price Associates
73
T. Rowe Price Associates
Maryland
$1.82M +$39K +1,259 +3%
Susquehanna International Group
74
Susquehanna International Group
Pennsylvania
$1.81M +$216K +6,959 +17%
Two Sigma Advisers
75
Two Sigma Advisers
New York
$1.77M -$781K -25,200 -35%
1 2
3
4 5

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.