First Merchants
FRME
282 hedge funds and large institutions have $1.67B invested in First Merchants in 2025 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 106 increasing their positions, 80 reducing their positions, and 25 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 80
24% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 25
1% more funds holding
Funds holding: 278 → 282 (+4)
0.88% more ownership
Funds ownership: 75.78% → 76.66% (+0.88%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $1.69B → $1.67B (-$24.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$21M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$11.8M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$9.18M |
| 4 |
ProShare Advisors
Bethesda,
Maryland
|
+$5.89M |
| 5 |
Millennium Management
New York
|
+$5.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$21.5M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$12.8M |
| 3 |
SO
STRS Ohio
Columbus,
Ohio
|
-$6.37M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$5.74M |
| 5 |
EARNEST Partners
Atlanta,
Georgia
|
-$5.03M |
FRME Hedge Fund Activity: Q3 2025 in Review
282 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2025, worth a combined $1.67B — down 1.4% from $1.69B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FRME positions and 25 closed out — a net gain of 6 holders — while 106 added to existing stakes and 80 trimmed.
The largest buyer was Capital International Investors, adding an estimated $21M. The largest seller was American Century Companies, cutting an estimated $21.5M.
- 282 institutional investors held First Merchants (FRME) as of Q3 2025, up from 278 in Q2 2025.
- Funds reported $1.67B of First Merchants stock for Q3 2025, down 1.4% quarter-over-quarter.
- 31 funds opened new First Merchants positions in Q3 2025 and 25 closed out, a net change of +6 holders.
- The largest First Merchants buyer in Q3 2025 was Capital International Investors, an estimated $21M added.
- The largest First Merchants seller in Q3 2025 was American Century Companies, an estimated $21.5M sold.
Based on aggregated 13F filings for Q3 2025.