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First Merchants
FRME

233 hedge funds and large institutions have $1.49B invested in First Merchants in 2024 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 87 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 23

2% more funds holding

Funds holding: 229 → 233 (+4)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.41% less ownership

Funds ownership: 73.92% → 72.51% (-1.4%)

9% less capital invested

Capital invested by funds: $1.64B → $1.49B (-$150M)

28% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 87

Holders
233
Holders Change
+4
Holders Change %
+1.75%
% of All Funds
3.36%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
29
Increased
63
Reduced
87
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
American Century Companies
American Century Companies
Missouri
+$7.81M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$7.57M
3
State Street
State Street
Massachusetts
+$3.51M
4
BCM
Bridgeway Capital Management
Texas
+$3.28M
5
Victory Capital Management
Victory Capital Management
Texas
+$2.77M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$15.3M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$10.1M
3
BlackRock
BlackRock
New York
-$8.67M
4
RIP
Rhino Investment Partners
Pennsylvania
-$8.57M
5
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
-$7.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
CSS
76
Cubist Systematic Strategies
Connecticut
$1.68M +$1.65M +48,096 New
Prudential Financial
77
Prudential Financial
New Jersey
$1.5M +$51.3K +1,493 +4%
ONB
78
Old National Bancorp
Indiana
$1.49M – – –
Thrivent Financial for Lutherans
79
Thrivent Financial for Lutherans
Minnesota
$1.35M +$1.14M +33,148 +599%
OAM
80
Oppenheimer Asset Management
New York
$1.32M -$52.4K -1,525 -4%
Susquehanna International Group
81
Susquehanna International Group
Pennsylvania
$1.32M -$385K -11,208 -23%
Russell Investments Group
82
Russell Investments Group
United Kingdom
$1.3M -$177K -5,144 -12%
Renaissance Technologies
83
Renaissance Technologies
New York
$1.29M +$1.27M +36,920 New
AIC
84
Aurora Investment Counsel
Georgia
$1.27M +$1.25M +36,507 New
CCP
85
Clarkston Capital Partners
Michigan
$1.21M – – –
Commonwealth Equity Services
86
Commonwealth Equity Services
Massachusetts
$1.19M +$5.32K +155 +0.5%
IA
87
Inspire Advisors
Idaho
$1.12M +$82K +2,389 +8%
PCMI
88
Paradigm Capital Management Inc
New York
$1.12M – – –
MIM
89
MetLife Investment Management
New Jersey
$1.09M – – –
Ensign Peak Advisors
90
Ensign Peak Advisors
Utah
$1.07M -$52.9K -1,540 -5%
Teacher Retirement System of Texas
91
Teacher Retirement System of Texas
Texas
$1.05M -$284K -8,257 -22%
State Board of Administration of Florida Retirement System
92
State Board of Administration of Florida Retirement System
Florida
$1.02M +$488K +14,200 +84%
BNP Paribas Financial Markets
93
BNP Paribas Financial Markets
France
$1.02M +$437K +12,721 +77%
AIG
94
American International Group
New York
$1.02M -$8.62K -251 -0.9%
Janus Henderson Group
95
Janus Henderson Group
United Kingdom
$962K – – –
WW
96
Waterfront Wealth
Kansas
$902K +$9.31K +271 +1%
Two Sigma Advisers
97
Two Sigma Advisers
New York
$893K -$762K -22,200 -46%
BGIM
98
Brandywine Global Investment Management
Pennsylvania
$890K +$875K +25,493 New
WCM
99
Wedge Capital Management
North Carolina
$890K +$229K +6,671 +35%
PNC Financial Services Group
100
PNC Financial Services Group
Pennsylvania
$844K +$52.4K +1,526 +7%
2 3
4
5 6

FRME Hedge Fund Activity: Q1 2024 in Review

233 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2024, worth a combined $1.49B — down 9.1% from $1.64B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new FRME positions and 23 closed out — a net gain of 6 holders — while 63 added to existing stakes and 87 trimmed.

The largest buyer was American Century Companies, adding an estimated $7.81M. The largest seller was Morgan Stanley, cutting an estimated $15.3M.

  • 233 institutional investors held First Merchants (FRME) as of Q1 2024, up from 229 in Q4 2023.
  • Funds reported $1.49B of First Merchants stock for Q1 2024, down 9.1% quarter-over-quarter.
  • 29 funds opened new First Merchants positions in Q1 2024 and 23 closed out, a net change of +6 holders.
  • The largest First Merchants buyer in Q1 2024 was American Century Companies, an estimated $7.81M added.
  • The largest First Merchants seller in Q1 2024 was Morgan Stanley, an estimated $15.3M sold.

Based on aggregated 13F filings for Q1 2024.