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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
ASRS
126
Arizona State Retirement System
Arizona
$679K -$7.08K -170 -1%
SG Americas Securities
127
SG Americas Securities
New York
$658K +$677K +16,267 New
VOYA Investment Management
128
VOYA Investment Management
Georgia
$648K -$65.5K -1,572 -9%
GCM
129
Graham Capital Management
Connecticut
$634K +$249K +5,984 +62%
EGM
130
Engineers Gate Manager
New York
$624K +$407K +9,763 +173%
SPA
131
Sentinel Pension Advisors
Massachusetts
$616K
IFPG
132
Intrepid Financial Planning Group
Indiana
$594K
CL
133
Choreo LLC
Illinois
$584K +$367K +8,813 +157%
Pathstone Holdings
134
Pathstone Holdings
New Jersey
$583K -$134K -3,227 -18%
LPL Financial
135
LPL Financial
California
$560K +$24.5K +588 +4%
IC
136
IEQ Capital
California
$554K +$570K +13,694 New
VVP
137
Venture Visionary Partners
Ohio
$547K -$875 -21 -0.2%
KCM
138
Kennondale Capital Management
Virginia
$546K
Royal Bank of Canada
139
Royal Bank of Canada
Ontario, Canada
$545K -$122K -2,928 -18%
BHCM
140
Brevan Howard Capital Management
Jersey
$545K +$561K +13,474 New
CWM
141
CIBC World Markets
New York
$523K +$312K +7,484 +137%
Handelsbanken Fonder
142
Handelsbanken Fonder
Sweden
$506K
PFSRSONJ
143
Police & Firemen's Retirement System of New Jersey
New Jersey
$503K
Voloridge Investment Management
144
Voloridge Investment Management
Florida
$498K -$477K -11,461 -48%
COI
145
Connable Office Inc
Michigan
$487K
IIC
146
Integrated Investment Consultants
Michigan
$473K -$2.96K -71 -0.6%
EC
147
EJF Capital
Virginia
$468K -$2.33K -56 -0.5%
CWM
148
Cranbrook Wealth Management
Michigan
$463K
RCAG
149
Rehmann Capital Advisory Group
Michigan
$463K +$500 +12 +0.1%
KK
150
KLP Kapitalforvaltning
Norway
$449K -$58.3K -1,400 -11%

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.