First Merchants
FRME
307 hedge funds and large institutions have $2.04B invested in First Merchants in 2026 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 128 increasing their positions, 87 reducing their positions, and 22 closing their positions.
50% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 22
47% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 87
14% more capital invested
Capital invested by funds: $1.79B → $2.04B (+$251M)
2% more funds holding
Funds holding: 300 → 307 (+7)
1.25% more ownership
Funds ownership: 72.77% → 74.02% (+1.2%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$17.3M |
| 2 |
State Street
Boston,
Massachusetts
|
+$12.7M |
| 3 |
EP
Edgestream Partners
Princeton,
New Jersey
|
+$6.64M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$6.56M |
| 5 |
JP Morgan Chase
New York
|
+$4.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$17.9M |
| 2 |
Bank of New York Mellon
New York
|
-$14M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$12.6M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
-$6.8M |
| 5 |
Jane Street
New York
|
-$5.34M |
FRME Hedge Fund Activity: Q2 2026 in Review
307 institutional investors reported a position in First Merchants (FRME) for Q2 2026, worth a combined $2.04B — up 14% from $1.79B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new FRME positions and 22 closed out — a net gain of 11 holders — while 128 added to existing stakes and 87 trimmed.
The largest buyer was BlackRock, adding an estimated $17.3M. The largest seller was Goldman Sachs, cutting an estimated $17.9M.
- 307 institutional investors held First Merchants (FRME) as of Q2 2026, up from 300 in Q1 2026.
- Funds reported $2.04B of First Merchants stock for Q2 2026, up 14% quarter-over-quarter.
- 33 funds opened new First Merchants positions in Q2 2026 and 22 closed out, a net change of +11 holders.
- The largest First Merchants buyer in Q2 2026 was BlackRock, an estimated $17.3M added.
- The largest First Merchants seller in Q2 2026 was Goldman Sachs, an estimated $17.9M sold.
Based on aggregated 13F filings for Q2 2026.