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First Merchants

211 hedge funds and large institutions have $1.42B invested in First Merchants in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 86 increasing their positions, 59 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 59

0.08% less ownership

Funds ownership: 72.62%72.53% (-0.08%)

8% less funds holding

Funds holding: 230211 (-19)

14% less capital invested

Capital invested by funds: $1.66B → $1.42B (-$238M)

48% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 31

80% less funds holding in top 10

Funds holding in top 10: 51 (-4)

Holders
211
Holders Change
-19
Holders Change %
-8.26%
% of All Funds
3.36%
Holding in Top 10
1
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-80%
% of All Funds
0.02%
New
16
Increased
86
Reduced
59
Closed
31
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$212M +$423K +10,670 +0.2%
BlackRock
2
BlackRock
New York
$139M +$3.17M +79,996 +2%
EARNEST Partners
3
EARNEST Partners
Georgia
$101M +$9.6M +242,260 +9%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$97.2M +$4.08M +103,088 +4%
CCMLC
5
Cardinal Capital Management LLC (Connecticut)
Connecticut
$70.3M -$6.44M -162,601 -7%
State Street
6
State Street
Massachusetts
$54.8M +$4.82M +121,588 +8%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$38.4M +$1.81M +45,610 +4%
Principal Financial Group
8
Principal Financial Group
Iowa
$30.6M -$1.22M -30,701 -3%
Boston Partners
9
Boston Partners
Massachusetts
$30M +$699K +17,636 +2%
American Century Companies
10
American Century Companies
Missouri
$29.7M +$4.83M +121,905 +16%
William Blair Investment Management
11
William Blair Investment Management
Illinois
$29.4M +$81.9K +2,067 +0.2%
Goldman Sachs
12
Goldman Sachs
New York
$29M -$3.44M -86,877 -9%
Manulife (Manufacturers Life Insurance)
13
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$28.1M -$1.32M -33,407 -4%
PCA
14
PL Capital Advisors
Florida
$25.2M
N
15
Nuveen
North Carolina
$23.7M -$1.23M -31,006 -4%
Victory Capital Management
16
Victory Capital Management
Texas
$23.3M -$5.28M -133,360 -16%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$23.2M +$5.82K +147 +0%
Northern Trust
18
Northern Trust
Illinois
$22.1M -$36.7K -926 -0.1%
JP Morgan Chase
19
JP Morgan Chase
New York
$21.1M +$2.51M +63,257 +11%
New York State Common Retirement Fund
20
New York State Common Retirement Fund
New York
$21M +$1.51M +38,040 +6%
SFM
21
Systematic Financial Management
New Jersey
$20.2M -$688K -17,358 -3%
Public Employees Retirement Association of Colorado
22
Public Employees Retirement Association of Colorado
Colorado
$19.2M -$219K -5,518 -0.9%
Charles Schwab
23
Charles Schwab
California
$18.9M +$321K +8,114 +1%
Norges Bank
24
Norges Bank
Norway
$16.4M +$1.23M +31,045 +7%
DRZID
25
DePrince Race & Zollo Inc (DRZ)
Florida
$14.9M -$5.08M -128,136 -22%

FRME Hedge Fund Activity: Q1 2023 in Review

211 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q1 2023, worth a combined $1.42B — down 14% from $1.66B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of FRME and 16 opened new positions — a net loss of 15 holders — while 59 trimmed existing stakes and 86 added.

The largest buyer was EARNEST Partners, adding an estimated $9.6M. The largest seller was Pier Capital, exiting entirely with an estimated $9.9M sold.

  • 211 institutional investors held First Merchants (FRME) as of Q1 2023, down from 230 in Q4 2022.
  • Funds reported $1.42B of First Merchants stock for Q1 2023, down 14% quarter-over-quarter.
  • 16 funds opened new First Merchants positions in Q1 2023 and 31 closed out, a net change of -15 holders.
  • The largest First Merchants buyer in Q1 2023 was EARNEST Partners, an estimated $9.6M added.
  • The largest First Merchants seller in Q1 2023 was Pier Capital, an estimated $9.9M sold.

Based on aggregated 13F filings for Q1 2023.