First Merchants
FRME
229 hedge funds and large institutions have $1.64B invested in First Merchants in 2023 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 74 increasing their positions, 79 reducing their positions, and 22 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
86% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 22
37% more capital invested
Capital invested by funds: $1.2B → $1.64B (+$444M)
8% more funds holding
Funds holding: 213 → 229 (+16)
1.94% more ownership
Funds ownership: 71.98% → 73.92% (+1.9%)
6% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$12.8M |
| 2 |
Morgan Stanley
New York
|
+$12.2M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$7.61M |
| 4 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
+$7.16M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.45M |
| 2 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$3.8M |
| 3 |
EARNEST Partners
Atlanta,
Georgia
|
-$3.62M |
| 4 |
MCM
Maltese Capital Management
New York
|
-$3.34M |
| 5 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$3.04M |
FRME Hedge Fund Activity: Q4 2023 in Review
229 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q4 2023, worth a combined $1.64B — up 37% from $1.2B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new FRME positions and 22 closed out — a net gain of 19 holders — while 74 added to existing stakes and 79 trimmed.
The largest buyer was BlackRock, adding an estimated $12.8M. The largest seller was Millennium Management, cutting an estimated $5.45M.
- 229 institutional investors held First Merchants (FRME) as of Q4 2023, up from 213 in Q3 2023.
- Funds reported $1.64B of First Merchants stock for Q4 2023, up 37% quarter-over-quarter.
- 41 funds opened new First Merchants positions in Q4 2023 and 22 closed out, a net change of +19 holders.
- The largest First Merchants buyer in Q4 2023 was BlackRock, an estimated $12.8M added.
- The largest First Merchants seller in Q4 2023 was Millennium Management, an estimated $5.45M sold.
Based on aggregated 13F filings for Q4 2023.