First Merchants
FRME
221 hedge funds and large institutions have $1.67B invested in First Merchants in 2022 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 83 increasing their positions, 66 reducing their positions, and 23 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
26% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 66
8% more capital invested
Capital invested by funds: $1.54B → $1.67B (+$123M)
0% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 23
0% less funds holding
Funds holding: 222 → 221 (-1)
0.46% less ownership
Funds ownership: 72.79% → 72.33% (-0.46%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$10.1M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$5.45M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.33M |
| 4 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$3.78M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$3.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$10.9M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$9.52M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$5.54M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$5.24M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$4M |
FRME Hedge Fund Activity: Q3 2022 in Review
221 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2022, worth a combined $1.67B — up 8% from $1.54B a quarter earlier.
Fund positioning in FRME was balanced in Q3 2022: 23 funds opened new positions, 23 closed out, 83 added to existing stakes and 66 trimmed.
The largest buyer was Millennium Management, adding an estimated $10.1M. The largest seller was State Street, cutting an estimated $10.9M.
- 221 institutional investors held First Merchants (FRME) as of Q3 2022, down from 222 in Q2 2022.
- Funds reported $1.67B of First Merchants stock for Q3 2022, up 8% quarter-over-quarter.
- 23 funds opened new First Merchants positions in Q3 2022 and 23 closed out, a net change of 0 holders.
- The largest First Merchants buyer in Q3 2022 was Millennium Management, an estimated $10.1M added.
- The largest First Merchants seller in Q3 2022 was State Street, an estimated $10.9M sold.
Based on aggregated 13F filings for Q3 2022.