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First Merchants
FRME

233 hedge funds and large institutions have $1.49B invested in First Merchants in 2024 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 87 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 23

2% more funds holding

Funds holding: 229 → 233 (+4)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.41% less ownership

Funds ownership: 73.92% → 72.51% (-1.4%)

9% less capital invested

Capital invested by funds: $1.64B → $1.49B (-$150M)

28% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 87

Holders
233
Holders Change
+4
Holders Change %
+1.75%
% of All Funds
3.36%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
29
Increased
63
Reduced
87
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
American Century Companies
American Century Companies
Missouri
+$7.81M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$7.57M
3
State Street
State Street
Massachusetts
+$3.51M
4
BCM
Bridgeway Capital Management
Texas
+$3.28M
5
Victory Capital Management
Victory Capital Management
Texas
+$2.77M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$15.3M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$10.1M
3
BlackRock
BlackRock
New York
-$8.67M
4
RIP
Rhino Investment Partners
Pennsylvania
-$8.57M
5
CCMLC
Cardinal Capital Management LLC (Connecticut)
Connecticut
-$7.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
COI
126
Connable Office Inc
Michigan
$442K +$7.14K +208 +2%
RCAG
127
Rehmann Capital Advisory Group
Michigan
$433K -$473K -13,782 -53%
IIC
128
Integrated Investment Consultants
Michigan
$427K -$22.9K -666 -5%
BHCM
129
Brevan Howard Capital Management
Jersey
$403K +$397K +11,555 New
CWM
130
Cranbrook Wealth Management
Michigan
$400K +$369K +10,750 +1,534%
Creative Planning
131
Creative Planning
Kansas
$394K +$46.1K +1,343 +14%
AACP
132
Advantage Alpha Capital Partners
California
$380K -$128K -3,724 -25%
Zurich Cantonal Bank
133
Zurich Cantonal Bank
Switzerland
$376K -$157K -4,575 -30%
NYLIM
134
New York Life Investment Management
New York
$373K +$367K +10,686 New
II
135
Inspire Investing
Idaho
$359K -$2.71K -79 -0.8%
CRC
136
Curi RMB Capital
Illinois
$349K +$343K +10,000 New
MCA
137
Mendon Capital Advisors
Florida
$349K +$343K +10,000 New
SC
138
Sapient Capital
Indiana
$347K – – –
MA
139
Minerva Advisors
Pennsylvania
$344K – – –
MCM
140
Monarch Capital Management
Indiana
$339K – – –
BCI
141
Brinker Capital Investments
Pennsylvania
$324K -$17K -495 -5%
OPS
142
Orion Portfolio Solutions
Nebraska
$324K -$17K -495 -5%
LPL Financial
143
LPL Financial
California
$314K -$1.06K -31 -0.3%
SPA
144
Sentinel Pension Advisors
Massachusetts
$313K – – –
Citadel Advisors
145
Citadel Advisors
Florida
$301K +$296K +8,630 New
ZF
146
Zhang Financial
Michigan
$288K – – –
RJA
147
Raymond James & Associates
Florida
$286K -$353K -10,276 -56%
Cetera Investment Advisers
148
Cetera Investment Advisers
Illinois
$282K +$66.3K +1,930 +31%
JIC
149
Johnson Investment Counsel
Ohio
$272K – – –
KWM
150
Kingsview Wealth Management
Oregon
$271K – – –
4 5
6
7 8

FRME Hedge Fund Activity: Q1 2024 in Review

233 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2024, worth a combined $1.49B — down 9.1% from $1.64B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new FRME positions and 23 closed out — a net gain of 6 holders — while 63 added to existing stakes and 87 trimmed.

The largest buyer was American Century Companies, adding an estimated $7.81M. The largest seller was Morgan Stanley, cutting an estimated $15.3M.

  • 233 institutional investors held First Merchants (FRME) as of Q1 2024, up from 229 in Q4 2023.
  • Funds reported $1.49B of First Merchants stock for Q1 2024, down 9.1% quarter-over-quarter.
  • 29 funds opened new First Merchants positions in Q1 2024 and 23 closed out, a net change of +6 holders.
  • The largest First Merchants buyer in Q1 2024 was American Century Companies, an estimated $7.81M added.
  • The largest First Merchants seller in Q1 2024 was Morgan Stanley, an estimated $15.3M sold.

Based on aggregated 13F filings for Q1 2024.