We are live on ! Find out more
FRME icon

First Merchants

272 hedge funds and large institutions have $1.8B invested in First Merchants in 2025 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 78 increasing their positions, 95 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

131% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 16

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

8% more funds holding

Funds holding: 253272 (+19)

1.44% more ownership

Funds ownership: 74.4%75.84% (+1.4%)

3% more capital invested

Capital invested by funds: $1.74B → $1.8B (+$53.7M)

18% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 95

Holders
272
Holders Change
+19
Holders Change %
+7.51%
% of All Funds
3.65%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
37
Increased
78
Reduced
95
Closed
16
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Thrivent Financial for Lutherans
101
Thrivent Financial for Lutherans
Minnesota
$1.22M -$829K -19,903 -41%
GC
102
Guggenheim Capital
Illinois
$1.2M +$35.2K +846 +3%
CF
103
Corebridge Financial
Texas
$1.16M -$17.6K -423 -1%
Janus Henderson Group
104
Janus Henderson Group
United Kingdom
$1.1M
PMAM
105
Picton Mahoney Asset Management
Ontario, Canada
$1.1M +$1.13M +27,214 New
WW
106
Waterfront Wealth
Kansas
$1.1M +$9.66K +232 +0.9%
QC
107
Quantedge Capital
Singapore
$1.09M +$800K +19,200 +246%
Two Sigma Advisers
108
Two Sigma Advisers
New York
$1.07M +$675K +16,200 +156%
WCM
109
Wedge Capital Management
North Carolina
$1.07M +$123K +2,947 +13%
State Board of Administration of Florida Retirement System
110
State Board of Administration of Florida Retirement System
Florida
$1.06M
Jones Financial Companies
111
Jones Financial Companies
Missouri
$998K +$197K +4,727 +24%
PNC Financial Services Group
112
PNC Financial Services Group
Pennsylvania
$994K +$42K +1,008 +4%
VF
113
Vest Financial
Virginia
$923K +$950K +22,816 New
XT
114
XTX Topco
Cayman Islands
$921K +$948K +22,764 New
BWM
115
BCGM Wealth Management
Indiana
$917K +$250 +6 +0%
CPIG
116
Chicago Partners Investment Group
Illinois
$879K +$14.6K +351 +2%
CAPTRUST Financial Advisors
117
CAPTRUST Financial Advisors
North Carolina
$875K +$23K +553 +3%
IA
118
IFG Advisory
Georgia
$864K +$1.08K +26 +0.1%
WB
119
WesBanco Bank
West Virginia
$855K
Osaic Holdings
120
Osaic Holdings
Arizona
$855K +$77K +1,849 +10%
IWA
121
Integrity Wealth Advisors
California
$768K +$791K +19,000 New
QCG
122
Quadrant Capital Group
Ohio
$760K +$680K +16,339 +669%
KAS
123
Kestra Advisory Services
Texas
$725K +$747K +17,926 New
Zurich Cantonal Bank
124
Zurich Cantonal Bank
Switzerland
$688K +$81.8K +1,965 +13%
US Bancorp
125
US Bancorp
Minnesota
$686K -$14.7K -354 -2%

FRME Hedge Fund Activity: Q1 2025 in Review

272 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2025, worth a combined $1.8B — up 3.1% from $1.74B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new FRME positions and 16 closed out — a net gain of 21 holders — while 78 added to existing stakes and 95 trimmed.

The largest buyer was First Trust Advisors, adding an estimated $16.3M. The largest seller was American Century Companies, cutting an estimated $12.1M.

  • 272 institutional investors held First Merchants (FRME) as of Q1 2025, up from 253 in Q4 2024.
  • Funds reported $1.8B of First Merchants stock for Q1 2025, up 3.1% quarter-over-quarter.
  • 37 funds opened new First Merchants positions in Q1 2025 and 16 closed out, a net change of +21 holders.
  • The largest First Merchants buyer in Q1 2025 was First Trust Advisors, an estimated $16.3M added.
  • The largest First Merchants seller in Q1 2025 was American Century Companies, an estimated $12.1M sold.

Based on aggregated 13F filings for Q1 2025.