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First Merchants
FRME

213 hedge funds and large institutions have $1.2B invested in First Merchants in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 83 increasing their positions, 63 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 63

14% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 21

1% more funds holding

Funds holding: 211 → 213 (+2)

0.32% more ownership

Funds ownership: 71.67% → 71.98% (+0.32%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less capital invested

Capital invested by funds: $1.21B → $1.2B (-$12.4M)

Holders
213
Holders Change
+2
Holders Change %
+0.95%
% of All Funds
3.38%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
24
Increased
83
Reduced
63
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AQR Capital Management
AQR Capital Management
Connecticut
+$5.83M
2
WI
WBI Investments
New Jersey
+$4.09M
3
Victory Capital Management
Victory Capital Management
Texas
+$3.97M
4
OFS
OneAscent Financial Services
Alabama
+$3.4M
5
Fisher Asset Management
Fisher Asset Management
Washington
+$3.21M

Top Sellers

Rank Fund Capital Flow
1
NPIC
Neumeier Poma Investment Counsel
California
-$5.03M
2
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
-$4.76M
3
BlackRock
BlackRock
New York
-$3.91M
4
State Street
State Street
Massachusetts
-$3.3M
5
KCM
Kennedy Capital Management
Missouri
-$3.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
76
UBS Group
Switzerland
$1.48M +$387K +12,912 +32%
Prudential Financial
77
Prudential Financial
New Jersey
$1.38M -$282K -9,411 -16%
T. Rowe Price Associates
78
T. Rowe Price Associates
Maryland
$1.33M +$44.6K +1,488 +3%
OAM
79
Oppenheimer Asset Management
New York
$1.23M +$146K +4,868 +12%
Osaic Holdings
80
Osaic Holdings
Arizona
$1.22M +$349K +11,661 +36%
Susquehanna International Group
81
Susquehanna International Group
Pennsylvania
$1.17M -$1.08M -36,047 -46%
ONB
82
Old National Bancorp
Indiana
$1.15M – – –
Teacher Retirement System of Texas
83
Teacher Retirement System of Texas
Texas
$1.1M +$548K +18,283 +86%
YIH
84
Y-Intercept (HK)
Hong Kong
$1.05M +$1.14M +37,921 New
Thrivent Financial for Lutherans
85
Thrivent Financial for Lutherans
Minnesota
$1M +$651K +21,750 +150%
Commonwealth Equity Services
86
Commonwealth Equity Services
Massachusetts
$994K +$5.81K +194 +0.5%
CCP
87
Clarkston Capital Partners
Michigan
$965K – – –
Russell Investments Group
88
Russell Investments Group
United Kingdom
$961K -$431K -14,376 -29%
Renaissance Technologies
89
Renaissance Technologies
New York
$960K +$1.03M +34,520 New
HF
90
HRT Financial
New York
$950K +$708K +23,650 +225%
Rafferty Asset Management
91
Rafferty Asset Management
New York
$947K -$326K -10,879 -24%
PCMI
92
Paradigm Capital Management Inc
New York
$890K – – –
Citigroup
93
Citigroup
New York
$877K -$713K -23,811 -43%
Stifel Financial
94
Stifel Financial
Missouri
$870K -$248K -8,265 -21%
MIM
95
MetLife Investment Management
New Jersey
$865K – – –
AIG
96
American International Group
New York
$821K +$31.4K +1,049 +4%
Franklin Resources
97
Franklin Resources
California
$807K -$24K -802 -3%
IA
98
Inspire Advisors
Idaho
$788K +$155K +5,168 +22%
Deutsche Bank
99
Deutsche Bank
Germany
$772K +$111K +3,723 +15%
Janus Henderson Group
100
Janus Henderson Group
United Kingdom
$768K +$90 +3 +0%
2 3
4
5 6

FRME Hedge Fund Activity: Q3 2023 in Review

213 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2023, worth a combined $1.2B — down 1% from $1.21B a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FRME positions and 21 closed out — a net gain of 3 holders — while 83 added to existing stakes and 63 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $5.83M. The largest seller was Neumeier Poma Investment Counsel, exiting entirely with an estimated $5.03M sold.

  • 213 institutional investors held First Merchants (FRME) as of Q3 2023, up from 211 in Q2 2023.
  • Funds reported $1.2B of First Merchants stock for Q3 2023, down 1% quarter-over-quarter.
  • 24 funds opened new First Merchants positions in Q3 2023 and 21 closed out, a net change of +3 holders.
  • The largest First Merchants buyer in Q3 2023 was AQR Capital Management, an estimated $5.83M added.
  • The largest First Merchants seller in Q3 2023 was Neumeier Poma Investment Counsel, an estimated $5.03M sold.

Based on aggregated 13F filings for Q3 2023.