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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
AssetMark Inc
201
AssetMark Inc
California
$127K -$13.9K -333 -10%
KBC Group
202
KBC Group
Belgium
$123K
LFG
203
Larson Financial Group
Missouri
$118K
AF
204
Allworth Financial
California
$103K +$3.62K +87 +3%
OIA
205
Optimum Investment Advisors
Illinois
$91.1K
AB
206
Amalgamated Bank
New York
$81K +$292 +7 +0.4%
CAL
207
Capital Analysts LLC
Pennsylvania
$73K
AA
208
Ancora Advisors
Ohio
$72.4K
S
209
SignatureFD
Georgia
$65.4K -$1.67K -40 -2%
SWC
210
Spectrum Wealth Counsel
Indiana
$55.8K +$57.5K +1,380 New
TSMHT
211
Thurston Springer Miller Herd & Titak
Indiana
$53.3K +$41.6K +1,000 +314%
CT
212
Caldwell Trust
Florida
$52.6K
SIS
213
Strategic Investment Solutions
Illinois
$46.9K +$416 +10 +0.9%
WCM
214
Westend Capital Management
California
$46.5K +$47.9K +1,149 New
MCM
215
MAI Capital Management
Ohio
$45.7K -$10.2K -244 -18%
SCM
216
Sterling Capital Management
North Carolina
$40.7K -$34.7K -832 -45%
ITIM
217
Indiana Trust & Investment Management
Indiana
$36.5K
BTI
218
Blue Trust Inc
Georgia
$36.4K
Ohio Public Employees Retirement System (OPERS)
219
Ohio Public Employees Retirement System (OPERS)
Ohio
$35.6K +$250 +6 +0.7%
CIBC Private Wealth Group
220
CIBC Private Wealth Group
Georgia
$35K
CCM
221
Coldstream Capital Management
Washington
$32.8K +$33.7K +810 New
Nomura Asset Management
222
Nomura Asset Management
Japan
$30.3K
LSV Asset Management
223
LSV Asset Management
Illinois
$29K -$60.7K -1,457 -67%
CFD
224
Creative Financial Designs
Indiana
$26.3K
LC
225
Lindbrook Capital
California
$22.4K

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.