First Merchants
FRME
300 hedge funds and large institutions have $1.79B invested in First Merchants in 2026 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 128 increasing their positions, 70 reducing their positions, and 30 closing their positions.
242% more call options, than puts
Call options by funds: $806K | Put options by funds: $236K
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
83% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 70
80% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 30
9% more capital invested
Capital invested by funds: $1.64B → $1.79B (+$141M)
7% more funds holding
Funds holding: 281 → 300 (+19)
3.12% less ownership
Funds ownership: 75.9% → 72.77% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$35.5M |
| 2 |
Two Sigma Investments
New York
|
+$13.3M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$10.9M |
| 4 |
State Street
Boston,
Massachusetts
|
+$10.3M |
| 5 |
BlackRock
New York
|
+$9.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$50.5M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$15.5M |
| 3 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
-$7.35M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$3.81M |
| 5 |
JP Morgan Chase
New York
|
-$2.96M |
FRME Hedge Fund Activity: Q1 2026 in Review
300 institutional investors reported a position in First Merchants (FRME) for Q1 2026, worth a combined $1.79B — up 8.6% from $1.64B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new FRME positions and 30 closed out — a net gain of 24 holders — while 128 added to existing stakes and 70 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $35.5M. The largest seller was Capital International Investors, exiting entirely with an estimated $50.5M sold.
- 300 institutional investors held First Merchants (FRME) as of Q1 2026, up from 281 in Q4 2025.
- Funds reported $1.79B of First Merchants stock for Q1 2026, up 8.6% quarter-over-quarter.
- 54 funds opened new First Merchants positions in Q1 2026 and 30 closed out, a net change of +24 holders.
- The largest First Merchants buyer in Q1 2026 was Wellington Management Group, an estimated $35.5M added.
- The largest First Merchants seller in Q1 2026 was Capital International Investors, an estimated $50.5M sold.
Based on aggregated 13F filings for Q1 2026.