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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
HWAM
151
Hennion & Walsh Asset Management
New Jersey
$404K -$4.58K -110 -1%
A
152
AlphaQuest
New York
$402K -$531K -12,759 -56%
Comerica Bank
153
Comerica Bank
Texas
$402K +$100K +2,400 +32%
MA
154
Minerva Advisors
Pennsylvania
$399K
Millennium Management
155
Millennium Management
New York
$397K -$805K -19,340 -66%
PCM
156
Polymer Capital Management
New York
$383K +$395K +9,473 New
Canada Life
157
Canada Life
Manitoba, Canada
$374K +$95.4K +2,290 +33%
Pictet Asset Management
158
Pictet Asset Management
Switzerland
$362K +$80.3K +1,928 +27%
MCM
159
Monarch Capital Management
Indiana
$361K
M1FG
160
Mach-1 Financial Group
Arkansas
$345K +$355K +8,522 New
II
161
Inspire Investing
Idaho
$343K -$65.9K -1,582 -16%
SC
162
Sapient Capital
Indiana
$342K -$3.29K -79 -0.9%
CC
163
Centiva Capital
New York
$321K +$331K +7,940 New
KWM
164
Kingsview Wealth Management
Oregon
$314K
SIA
165
Schechter Investment Advisors
Michigan
$299K
PP
166
PDS Planning
Ohio
$297K +$30.8K +739 +11%
CSP
167
Cary Street Partners
Virginia
$277K -$375 -9 -0.1%
NPF
168
Norris Perne & French
Michigan
$276K
JIC
169
Johnson Investment Counsel
Ohio
$275K
HSBC Holdings
170
HSBC Holdings
United Kingdom
$275K -$69.9K -1,679 -20%
GIM
171
Goelzer Investment Management
Indiana
$274K
Cetera Investment Advisers
172
Cetera Investment Advisers
Illinois
$269K -$41.7K -1,002 -13%
CIM
173
Contravisory Investment Management
Massachusetts
$265K +$273K +6,560 New
HighTower Advisors
174
HighTower Advisors
Illinois
$264K -$26K -624 -9%
WA
175
Waverly Advisors
Alabama
$263K -$167 -4 -0.1%

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.