First Merchants
FRME
243 hedge funds and large institutions have $1.6B invested in First Merchants in 2024 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 90 increasing their positions, 70 reducing their positions, and 17 closing their positions.
76% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 17
29% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 70
13% more capital invested
Capital invested by funds: $1.41B → $1.6B (+$184M)
6% more funds holding
Funds holding: 230 → 243 (+13)
0.82% more ownership
Funds ownership: 72.8% → 73.62% (+0.82%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$8.65M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$7.94M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$7.58M |
| 4 |
Goldman Sachs
New York
|
+$5.98M |
| 5 |
Bank of New York Mellon
New York
|
+$5.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.77M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$6.69M |
| 3 |
BNP Paribas Asset Management
Paris,
France
|
-$5.24M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$4.84M |
| 5 |
State Street
Boston,
Massachusetts
|
-$3.49M |
FRME Hedge Fund Activity: Q3 2024 in Review
243 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2024, worth a combined $1.6B — up 13% from $1.41B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FRME positions and 17 closed out — a net gain of 13 holders — while 90 added to existing stakes and 70 trimmed.
The largest buyer was Millennium Management, adding an estimated $8.65M. The largest seller was Vanguard Group, cutting an estimated $9.77M.
- 243 institutional investors held First Merchants (FRME) as of Q3 2024, up from 230 in Q2 2024.
- Funds reported $1.6B of First Merchants stock for Q3 2024, up 13% quarter-over-quarter.
- 30 funds opened new First Merchants positions in Q3 2024 and 17 closed out, a net change of +13 holders.
- The largest First Merchants buyer in Q3 2024 was Millennium Management, an estimated $8.65M added.
- The largest First Merchants seller in Q3 2024 was Vanguard Group, an estimated $9.77M sold.
Based on aggregated 13F filings for Q3 2024.