First Merchants
FRME
233 hedge funds and large institutions have $1.49B invested in First Merchants in 2024 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 87 reducing their positions, and 23 closing their positions.
26% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 23
2% more funds holding
Funds holding: 229 → 233 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.41% less ownership
Funds ownership: 73.92% → 72.51% (-1.4%)
9% less capital invested
Capital invested by funds: $1.64B → $1.49B (-$150M)
28% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 87
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$7.81M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$7.57M |
| 3 |
State Street
Boston,
Massachusetts
|
+$3.51M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$3.28M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$2.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$15.3M |
| 2 |
Bank of New York Mellon
New York
|
-$10.1M |
| 3 |
BlackRock
New York
|
-$8.67M |
| 4 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
-$8.57M |
| 5 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$7.54M |
FRME Hedge Fund Activity: Q1 2024 in Review
233 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2024, worth a combined $1.49B — down 9.1% from $1.64B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new FRME positions and 23 closed out — a net gain of 6 holders — while 63 added to existing stakes and 87 trimmed.
The largest buyer was American Century Companies, adding an estimated $7.81M. The largest seller was Morgan Stanley, cutting an estimated $15.3M.
- 233 institutional investors held First Merchants (FRME) as of Q1 2024, up from 229 in Q4 2023.
- Funds reported $1.49B of First Merchants stock for Q1 2024, down 9.1% quarter-over-quarter.
- 29 funds opened new First Merchants positions in Q1 2024 and 23 closed out, a net change of +6 holders.
- The largest First Merchants buyer in Q1 2024 was American Century Companies, an estimated $7.81M added.
- The largest First Merchants seller in Q1 2024 was Morgan Stanley, an estimated $15.3M sold.
Based on aggregated 13F filings for Q1 2024.