First Merchants
FRME
273 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 17 closing their positions.
118% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 17
58% more capital inflows, than outflows
Capital inflows: $138M | Capital outflows: $87.7M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
7% more funds holding
Funds holding: 255 → 273 (+18)
1.42% more ownership
Funds ownership: 74.4% → 75.83% (+1.4%)
18% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 95
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$16.3M |
| 2 |
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$13M |
| 3 |
MetLife Investment Management
Whippany,
New Jersey
|
+$12.5M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$9.31M |
| 5 |
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$7.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$12.1M |
| 2 |
Bank of New York Mellon
New York
|
-$10M |
| 3 |
State Street
Boston,
Massachusetts
|
-$7.94M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$5.19M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$4.31M |
FRME Hedge Fund Activity: Q1 2025 in Review
273 of the 7,486 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 17 closed out — a net gain of 20 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.
- 273 institutional investors held First Merchants (FRME) as of Q1 2025, up from 255 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 17 closed out, a net change of +20 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.