First Merchants
FRME
213 hedge funds and large institutions have $1.2B invested in First Merchants in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 83 increasing their positions, 63 reducing their positions, and 21 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 63
23% more capital inflows, than outflows
Capital inflows: $56.9M | Capital outflows: $46.2M
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
1% more funds holding
Funds holding: 211 → 213 (+2)
0.32% more ownership
Funds ownership: 71.67% → 71.98% (+0.32%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$5.83M |
| 2 |
WBI Investments
Red Bank,
New Jersey
|
+$4.09M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$3.97M |
| 4 |
OneAscent Financial Services
Birmingham,
Alabama
|
+$3.4M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$3.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neumeier Poma Investment Counsel
Carmel,
California
|
-$5.03M |
| 2 |
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$4.76M |
| 3 |
BlackRock
New York
|
-$3.91M |
| 4 |
State Street
Boston,
Massachusetts
|
-$3.3M |
| 5 |
Kennedy Capital Management
St Louis,
Missouri
|
-$3.3M |
FRME Hedge Fund Activity: Q3 2023 in Review
213 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in First Merchants (FRME) for Q3 2023, worth a combined $1.2B — down 1% from $1.21B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FRME positions and 21 closed out — a net gain of 3 holders — while 83 added to existing stakes and 63 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $5.83M. The largest seller was Neumeier Poma Investment Counsel, exiting entirely with an estimated $5.03M sold.
- 213 institutional investors held First Merchants (FRME) as of Q3 2023, up from 211 in Q2 2023.
- Funds reported $1.2B of First Merchants stock for Q3 2023, down 1% quarter-over-quarter.
- 24 funds opened new First Merchants positions in Q3 2023 and 21 closed out, a net change of +3 holders.
- The largest First Merchants buyer in Q3 2023 was AQR Capital Management, an estimated $5.83M added.
- The largest First Merchants seller in Q3 2023 was Neumeier Poma Investment Counsel, an estimated $5.03M sold.
Based on aggregated 13F filings for Q3 2023.