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First Merchants

276 hedge funds and large institutions have $1.64B invested in First Merchants in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 97 increasing their positions, 93 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more funds holding in top 10

Funds holding in top 10:

less ownership

Funds ownership:

1% less capital invested

Capital invested by funds: $1.67B → $1.64B (-$24.9M)

2% less funds holding

Funds holding: 282276 (-6)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $1.39M

Holders
276
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
Puts
$1.39M
Net Calls
Net Calls Change

Top Sellers

1 -$23.9M
2 -$8.96M
3 -$8.85M
4
ProShare Advisors
ProShare Advisors
Maryland
-$5.71M
5
EARNEST Partners
EARNEST Partners
Georgia
-$5.02M
Name Holding Trade Value Shares
Change
Change in
Stake
OQS
126
Occudo Quantitative Strategies
Florida
$924K
PNC Financial Services Group
127
PNC Financial Services Group
Pennsylvania
$918K
SO
128
STRS Ohio
Ohio
$881K
BWM
129
BCGM Wealth Management
Indiana
$850K
B
130
Bailard
California
$843K
CAPTRUST Financial Advisors
131
CAPTRUST Financial Advisors
North Carolina
$836K
Carson Wealth (CWM LLC)
132
Carson Wealth (CWM LLC)
Nebraska
$826K
QCG
133
Quadrant Capital Group
Ohio
$820K
BNP Paribas Financial Markets
134
BNP Paribas Financial Markets
France
$785K
SFI
135
Susquehanna Fundamental Investments
Pennsylvania
$742K
KCM
136
Kennondale Capital Management
Virginia
$722K
Thrivent Financial for Lutherans
137
Thrivent Financial for Lutherans
Minnesota
$709K
Acadian Asset Management
138
Acadian Asset Management
Massachusetts
$695K
Teacher Retirement System of Texas
139
Teacher Retirement System of Texas
Texas
$670K
Voloridge Investment Management
140
Voloridge Investment Management
Florida
$649K
US Bancorp
141
US Bancorp
Minnesota
$635K
IA
142
IFG Advisory
Georgia
$632K
PFSRSONJ
143
Police & Firemen's Retirement System of New Jersey
New Jersey
$605K
ASRS
144
Arizona State Retirement System
Arizona
$604K
LFG
145
Larson Financial Group
Missouri
$594K
SPA
146
Sentinel Pension Advisors
Massachusetts
$571K
Pathstone Holdings
147
Pathstone Holdings
New Jersey
$561K
Osaic Holdings
148
Osaic Holdings
Arizona
$537K
KAS
149
Kestra Advisory Services
Texas
$528K
Wealth Enhancement Advisory Services
150
Wealth Enhancement Advisory Services
Minnesota
$524K