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First Merchants
FRME

230 hedge funds and large institutions have $1.41B invested in First Merchants in 2024 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 89 increasing their positions, 69 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

29% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 69

0.29% more ownership

Funds ownership: 72.51% → 72.8% (+0.29%)

7% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 27

1% less funds holding

Funds holding: 233 → 230 (-3)

5% less capital invested

Capital invested by funds: $1.49B → $1.41B (-$78.9M)

Holders
230
Holders Change
-3
Holders Change %
-1.29%
% of All Funds
3.32%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
25
Increased
89
Reduced
69
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FMC
First Merchants Corp
Indiana
+$16M
2
MIIM
Mesirow Institutional Investment Management
Illinois
+$8.25M
3
State Street
State Street
Massachusetts
+$6.37M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$6.03M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$4.4M

Top Sellers

Rank Fund Capital Flow
1
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
-$35.7M
2
Macquarie Group
Macquarie Group
Australia
-$5.84M
3
OFS
OneAscent Financial Services
Alabama
-$4.49M
4
GC
Guggenheim Capital
Illinois
-$3.42M
5
BlackRock
BlackRock
New York
-$3.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
RhumbLine Advisers
51
RhumbLine Advisers
Massachusetts
$3.69M +$9.09K +272 +0.2%
PU
52
Petiole USA
New York
$3.13M – – –
Nordea Investment Management
53
Nordea Investment Management
Sweden
$2.84M -$447K -13,379 -14%
Millennium Management
54
Millennium Management
New York
$2.81M +$565K +16,899 +25%
Corient Private Wealth
55
Corient Private Wealth
Florida
$2.78M +$1.94K +58 +0.1%
Jane Street
56
Jane Street
New York
$2.77M +$100K +2,993 +4%
Rafferty Asset Management
57
Rafferty Asset Management
New York
$2.73M +$862K +25,773 +46%
Voloridge Investment Management
58
Voloridge Investment Management
Florida
$2.72M +$2.73M +81,770 New
Two Sigma Investments
59
Two Sigma Investments
New York
$2.71M +$2.49M +74,359 +1,040%
Hotchkis & Wiley Capital Management
60
Hotchkis & Wiley Capital Management
California
$2.71M +$26.7K +800 +1%
Ameriprise
61
Ameriprise
Minnesota
$2.64M -$431K -12,901 -14%
FFBTD
62
First Financial Bank - Trust Division
Ohio
$2.52M – – –
RHCA
63
Rosenthal Henry Capital Advisors
Indiana
$2.52M -$88.9K -2,658 -3%
Citigroup
64
Citigroup
New York
$2.17M +$312K +9,332 +17%
AllianceBernstein
65
AllianceBernstein
Tennessee
$2.15M +$98.6K +2,950 +5%
Cambridge Investment Research Advisors
66
Cambridge Investment Research Advisors
Iowa
$2.04M -$4.41K -132 -0.2%
Susquehanna International Group
67
Susquehanna International Group
Pennsylvania
$2.01M +$761K +22,754 +60%
Barclays
68
Barclays
United Kingdom
$1.97M -$964K -28,842 -33%
Renaissance Technologies
69
Renaissance Technologies
New York
$1.96M +$732K +21,900 +59%
Mariner
70
Mariner
Kansas
$1.96M -$36.3K -1,085 -2%
California State Teachers Retirement System (CalSTRS)
71
California State Teachers Retirement System (CalSTRS)
California
$1.92M -$67.1K -2,008 -3%
Legal & General Group
72
Legal & General Group
United Kingdom
$1.9M +$5.52K +165 +0.3%
UBS Group
73
UBS Group
Switzerland
$1.84M -$988K -29,549 -35%
T. Rowe Price Associates
74
T. Rowe Price Associates
Maryland
$1.75M +$52.3K +1,564 +3%
AR
75
Advisory Research
Illinois
$1.72M +$167 +5 +0%
1 2
3
4 5

FRME Hedge Fund Activity: Q2 2024 in Review

230 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2024, worth a combined $1.41B — down 5.3% from $1.49B a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of FRME and 25 opened new positions — a net loss of 2 holders — while 69 trimmed existing stakes and 89 added.

The largest buyer was First Merchants Corp, adding an estimated $16M. The largest seller was Cardinal Capital Management LLC (Connecticut), cutting an estimated $35.7M.

  • 230 institutional investors held First Merchants (FRME) as of Q2 2024, down from 233 in Q1 2024.
  • Funds reported $1.41B of First Merchants stock for Q2 2024, down 5.3% quarter-over-quarter.
  • 25 funds opened new First Merchants positions in Q2 2024 and 27 closed out, a net change of -2 holders.
  • The largest First Merchants buyer in Q2 2024 was First Merchants Corp, an estimated $16M added.
  • The largest First Merchants seller in Q2 2024 was Cardinal Capital Management LLC (Connecticut), an estimated $35.7M sold.

Based on aggregated 13F filings for Q2 2024.