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First Merchants

211 hedge funds and large institutions have $1.42B invested in First Merchants in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 86 increasing their positions, 59 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 59

0.08% less ownership

Funds ownership: 72.62%72.53% (-0.08%)

8% less funds holding

Funds holding: 230211 (-19)

14% less capital invested

Capital invested by funds: $1.66B → $1.42B (-$238M)

48% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 31

80% less funds holding in top 10

Funds holding in top 10: 51 (-4)

Holders
211
Holders Change
-19
Holders Change %
-8.26%
% of All Funds
3.36%
Holding in Top 10
1
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-80%
% of All Funds
0.02%
New
16
Increased
86
Reduced
59
Closed
31
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
IFPG
151
Intrepid Financial Planning Group
Indiana
$216K
AB
152
Atlas Brown
Kentucky
$211K
OFG
153
Oxford Financial Group
Indiana
$205K
Cetera Investment Advisers
154
Cetera Investment Advisers
Illinois
$204K -$1.66K -42 -0.7%
AB
155
Amalgamated Bank
New York
$198K -$62K -1,565 -21%
PFA
156
Pathway Financial Advisers
Indiana
$175K +$1.86K +47 +0.9%
KIG
157
Kessler Investment Group
Indiana
$153K
Canada Life
158
Canada Life
Manitoba, Canada
$147K -$1.11K -28 -0.6%
AIP
159
Ameritas Investment Partners
Nebraska
$146K
PMFA
160
Plante Moran Financial Advisors
Michigan
$129K -$11.9K -300 -7%
Fifth Third Bancorp
161
Fifth Third Bancorp
Ohio
$107K
TRCT
162
Tower Research Capital (TRC)
New York
$103K +$7.17K +181 +6%
MLICM
163
Metropolitan Life Insurance Company (MetLife)
New York
$102K -$16.7K -422 -12%
OIA
164
Optimum Investment Advisors
Illinois
$74.2K
LSV Asset Management
165
LSV Asset Management
Illinois
$72K
Allspring Global Investments
166
Allspring Global Investments
North Carolina
$70.8K
CAL
167
Capital Analysts LLC
Pennsylvania
$59K
AssetMark Inc
168
AssetMark Inc
California
$58.1K +$20.6K +521 +42%
Fidelity Investments
169
Fidelity Investments
Massachusetts
$57.7K +$5.03K +127 +8%
C
170
Covestor
United Kingdom
$49K +$38.7K +976 +191%
VC
171
Vestor Capital
Illinois
$45K
BTI
172
Blue Trust Inc
Georgia
$44K
CT
173
Caldwell Trust
Florida
$42.8K
Federated Hermes
174
Federated Hermes
Pennsylvania
$39.3K -$31.5K -795 -40%
SOW
175
State of Wyoming
Wyoming
$35.5K +$8.52K +215 +25%

FRME Hedge Fund Activity: Q1 2023 in Review

211 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2023, worth a combined $1.42B — down 14% from $1.66B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of FRME and 16 opened new positions — a net loss of 15 holders — while 59 trimmed existing stakes and 86 added.

The largest buyer was EARNEST Partners, adding an estimated $9.6M. The largest seller was Pier Capital, exiting entirely with an estimated $9.9M sold.

  • 211 institutional investors held First Merchants (FRME) as of Q1 2023, down from 230 in Q4 2022.
  • Funds reported $1.42B of First Merchants stock for Q1 2023, down 14% quarter-over-quarter.
  • 16 funds opened new First Merchants positions in Q1 2023 and 31 closed out, a net change of -15 holders.
  • The largest First Merchants buyer in Q1 2023 was EARNEST Partners, an estimated $9.6M added.
  • The largest First Merchants seller in Q1 2023 was Pier Capital, an estimated $9.9M sold.

Based on aggregated 13F filings for Q1 2023.