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First Merchants

298 hedge funds and large institutions have $1.79B invested in First Merchants in 2026 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 127 increasing their positions, 70 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

242% more call options, than puts

Call options by funds: $806K | Put options by funds: $236K

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

81% more repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 70

71% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 31

9% more capital invested

Capital invested by funds: $1.64B → $1.79B (+$141M)

6% more funds holding

Funds holding: 281298 (+17)

3.13% less ownership

Funds ownership: 75.9%72.76% (-3.1%)

Holders
298
Holders Change
+17
Holders Change %
+6.05%
% of All Funds
3.67%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
53
Increased
127
Reduced
70
Closed
31
Calls
$806K
Puts
$236K
Net Calls
+$570K
Net Calls Change
+$1.96M
Name Holding Trade Value Shares
Change
Change in
Stake
ZF
201
Zhang Financial
Michigan
$242K
State of Wisconsin Investment Board
202
State of Wisconsin Investment Board
Wisconsin
$236K +$238K +6,090 New
PFA
203
Pathway Financial Advisers
Indiana
$231K +$2.3K +59 +1%
Capstone Investment Advisors
204
Capstone Investment Advisors
New York
$230K +$232K +5,948 New
X
205
Xponance
Pennsylvania
$229K +$231K +5,925 New
ECM
206
Evergreen Capital Management
Washington
$226K
TRCT
207
Tower Research Capital (TRC)
New York
$219K +$165K +4,234 +299%
UWPG
208
Ullmann Wealth Partners Group
Florida
$217K +$219K +5,602 New
GAM
209
Gotham Asset Management
New York
$213K +$215K +5,511 New
HTIM
210
Harbour Trust & Investment Management
Indiana
$212K
Neuberger Berman Group
211
Neuberger Berman Group
New York
$210K +$212K +5,421 New
GIM
212
Goelzer Investment Management
Indiana
$209K
VA
213
VestGen Advisors
Illinois
$205K +$201K +5,143 New
Focus Partners Wealth
214
Focus Partners Wealth
Massachusetts
$205K +$206K +5,283 New
AIP
215
Ameritas Investment Partners
Nebraska
$200K +$18.8K +481 +10%
Ensign Peak Advisors
216
Ensign Peak Advisors
Utah
$158K
AF
217
Allworth Financial
California
$139K +$6.13K +157 +5%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
218
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$130K -$2.31M -59,261 -95%
SOADOR
219
State of Alaska Department of Revenue
Alaska
$114K +$16.3K +418 +16%
ACM
220
Aquatic Capital Management
Illinois
$104K -$131K -3,345 -55%
AAP
221
Arax Advisory Partners
Colorado
$91.8K +$6.79K +174 +8%
KBC Group
222
KBC Group
Belgium
$84K
S
223
SignatureFD
Georgia
$81.9K +$24.4K +626 +42%
CAL
224
Capital Analysts LLC
Pennsylvania
$70K
AA
225
Ancora Advisors
Ohio
$69.4K