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First Merchants
FRME

211 hedge funds and large institutions have $1.21B invested in First Merchants in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 80 increasing their positions, 60 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 60

4% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 26

0% more funds holding

Funds holding: 211 → 211 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.87% less ownership

Funds ownership: 72.53% → 71.67% (-0.87%)

15% less capital invested

Capital invested by funds: $1.42B → $1.21B (-$215M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $2K

Holders
211
Holders Change
–
Holders Change %
0%
% of All Funds
3.31%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
27
Increased
80
Reduced
60
Closed
26
Calls
–
Puts
$2K
Net Calls
-$2K
Net Calls Change
-$2K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$19.5M
2
BCM
Bridgeway Capital Management
Texas
+$7.13M
3
State Street
State Street
Massachusetts
+$4.52M
4
Millennium Management
Millennium Management
New York
+$3.54M
5
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado
Colorado
+$3.31M

Top Sellers

Rank Fund Capital Flow
1
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
-$16.1M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$14.9M
3
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
-$10.9M
4
EARNEST Partners
EARNEST Partners
Georgia
-$6.87M
5
NPIC
Neumeier Poma Investment Counsel
California
-$6.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
V
126
Veritable
Delaware
$408K +$1.93K +68 +0.5%
VVP
127
Venture Visionary Partners
Ohio
$393K -$14K -493 -3%
Handelsbanken Fonder
128
Handelsbanken Fonder
Sweden
$382K – – –
COI
129
Connable Office Inc
Michigan
$357K +$42.7K +1,504 +13%
QC
130
Quadrature Capital
United Kingdom
$344K +$71.8K +2,530 +26%
VI
131
Versor Investments
New York
$341K +$342K +12,065 New
IIC
132
Integrated Investment Consultants
Michigan
$317K – – –
RJA
133
Raymond James & Associates
Florida
$313K -$1.56M -55,038 -83%
GWP
134
Gateway Wealth Partners
Wisconsin
$298K +$61.2K +2,158 +26%
HF
135
HRT Financial
New York
$296K +$299K +10,520 New
ZF
136
Zhang Financial
Michigan
$290K – – –
DFCM
137
Dark Forest Capital Management
Puerto Rico
$285K +$256K +9,033 +842%
BFM
138
Boothbay Fund Management
New York
$285K +$286K +10,081 New
GIM
139
Goelzer Investment Management
Indiana
$281K – – –
Zurich Cantonal Bank
140
Zurich Cantonal Bank
Switzerland
$279K +$30.9K +1,090 +12%
LPL Financial
141
LPL Financial
California
$278K +$42.6K +1,500 +18%
MA
142
Minerva Advisors
Pennsylvania
$278K – – –
MCM
143
Monarch Capital Management
Indiana
$274K – – –
BCI
144
Brinker Capital Investments
Pennsylvania
$260K -$1.48K -52 -0.6%
OPS
145
Orion Portfolio Solutions
Nebraska
$260K -$1.48K -52 -0.6%
SPA
146
Sentinel Pension Advisors
Massachusetts
$253K – – –
AA
147
ALPS Advisors
Colorado
$240K +$1.84K +65 +0.8%
TCA
148
Transcend Capital Advisors
New Jersey
$240K – – –
XT
149
XTX Topco
Cayman Islands
$235K -$15.4K -543 -6%
JIC
150
Johnson Investment Counsel
Ohio
$220K – – –
4 5
6
7 8

FRME Hedge Fund Activity: Q2 2023 in Review

211 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q2 2023, worth a combined $1.21B — down 15% from $1.42B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new FRME positions and 26 closed out — a net gain of 1 holder — while 80 added to existing stakes and 60 trimmed.

The largest buyer was BlackRock, adding an estimated $19.5M. The largest seller was New York State Common Retirement Fund, cutting an estimated $16.1M.

  • 211 institutional investors held First Merchants (FRME) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $1.21B of First Merchants stock for Q2 2023, down 15% quarter-over-quarter.
  • 27 funds opened new First Merchants positions in Q2 2023 and 26 closed out, a net change of +1 holder.
  • The largest First Merchants buyer in Q2 2023 was BlackRock, an estimated $19.5M added.
  • The largest First Merchants seller in Q2 2023 was New York State Common Retirement Fund, an estimated $16.1M sold.

Based on aggregated 13F filings for Q2 2023.