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First Merchants

211 hedge funds and large institutions have $1.42B invested in First Merchants in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 86 increasing their positions, 59 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 59

0.08% less ownership

Funds ownership: 72.62%72.53% (-0.08%)

8% less funds holding

Funds holding: 230211 (-19)

14% less capital invested

Capital invested by funds: $1.66B → $1.42B (-$238M)

48% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 31

80% less funds holding in top 10

Funds holding in top 10: 51 (-4)

Holders
211
Holders Change
-19
Holders Change %
-8.26%
% of All Funds
3.36%
Holding in Top 10
1
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-80%
% of All Funds
0.02%
New
16
Increased
86
Reduced
59
Closed
31
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
IA
101
IFG Advisory
Georgia
$789K -$1.35K -34 -0.1%
Teacher Retirement System of Texas
102
Teacher Retirement System of Texas
Texas
$771K +$583K +14,708 +169%
BWM
103
BCGM Wealth Management
Indiana
$758K -$24.1K -608 -3%
Rafferty Asset Management
104
Rafferty Asset Management
New York
$756K +$582K +14,688 +178%
Royal Bank of Canada
105
Royal Bank of Canada
Ontario, Canada
$751K -$597K -15,070 -40%
PNC Financial Services Group
106
PNC Financial Services Group
Pennsylvania
$744K -$151K -3,814 -14%
VOYA Investment Management
107
VOYA Investment Management
Georgia
$725K
CAPTRUST Financial Advisors
108
CAPTRUST Financial Advisors
North Carolina
$704K -$27.6K -696 -3%
WB
109
WesBanco Bank
West Virginia
$697K
State of New Jersey Common Pension Fund D
110
State of New Jersey Common Pension Fund D
New Jersey
$665K +$800K +20,193 New
CPIG
111
Chicago Partners Investment Group
Illinois
$660K +$5.7K +144 +0.7%
HI
112
Harbour Investments
Wisconsin
$647K
EMFAT
113
Emerald Mutual Fund Advisers Trust
Pennsylvania
$638K +$766K +19,350 New
Ensign Peak Advisors
114
Ensign Peak Advisors
Utah
$636K +$307K +7,750 +67%
US Bancorp
115
US Bancorp
Minnesota
$569K -$18.3K -461 -3%
ASRS
116
Arizona State Retirement System
Arizona
$569K +$18.7K +472 +3%
Corient Private Wealth
117
Corient Private Wealth
Florida
$565K -$2.04M -51,557 -75%
SFI
118
Susquehanna Fundamental Investments
Pennsylvania
$490K
SG Americas Securities
119
SG Americas Securities
New York
$479K +$297K +7,502 +107%
Thrivent Financial for Lutherans
120
Thrivent Financial for Lutherans
Minnesota
$475K
VVP
121
Venture Visionary Partners
Ohio
$475K +$198 +5 +0%
V
122
Veritable
Delaware
$474K -$29.5K -746 -5%
Citigroup
123
Citigroup
New York
$451K +$404K +10,192 +291%
Handelsbanken Fonder
124
Handelsbanken Fonder
Sweden
$445K
YIH
125
Y-Intercept (HK)
Hong Kong
$438K +$526K +13,281 New

FRME Hedge Fund Activity: Q1 2023 in Review

211 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2023, worth a combined $1.42B — down 14% from $1.66B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of FRME and 16 opened new positions — a net loss of 15 holders — while 59 trimmed existing stakes and 86 added.

The largest buyer was EARNEST Partners, adding an estimated $9.6M. The largest seller was Pier Capital, exiting entirely with an estimated $9.9M sold.

  • 211 institutional investors held First Merchants (FRME) as of Q1 2023, down from 230 in Q4 2022.
  • Funds reported $1.42B of First Merchants stock for Q1 2023, down 14% quarter-over-quarter.
  • 16 funds opened new First Merchants positions in Q1 2023 and 31 closed out, a net change of -15 holders.
  • The largest First Merchants buyer in Q1 2023 was EARNEST Partners, an estimated $9.6M added.
  • The largest First Merchants seller in Q1 2023 was Pier Capital, an estimated $9.9M sold.

Based on aggregated 13F filings for Q1 2023.