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First Merchants Corp

FRME
Exchange
Nasdaq
Industry
National Commercial Banks
SEC CIK
0000712534

In the last 90 days, First Merchants Corp insiders filed 0 open-market purchases and 1 sale; 308 institutions reported holding it in 13F filings for Q2 2026, worth $2.04B in total; no superinvestor holds it.

Other share classesFRMEP

13F holders, Q1 2023

Institutional positions in First Merchants Corp as of Mar 31, 2023. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
211
−15 vs. Q4 2022
Shares held
43.3M
+89.0K (+0.2%) vs. Q4 2022
Total value
$1.42B
−$350.2M (−19.7%) vs. Q4 2022
New holders
16
86 more added
Sold out
31
59 more reduced

4 institutions that held it in Q4 2022 haven't filed for Q1 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2022: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting FRME on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2023: 211 institutions
Q1 2021: 193 institutionsQ2 2021: 197 institutionsQ3 2021: 208 institutionsQ4 2021: 205 institutionsQ1 2022: 210 institutionsQ2 2022: 222 institutionsQ3 2022: 221 institutionsQ4 2022: 230 institutionsQ1 2023: 211 institutionsQ2 2023: 211 institutionsQ3 2023: 213 institutionsQ4 2023: 229 institutionsQ1 2024: 233 institutionsQ2 2024: 231 institutionsQ3 2024: 243 institutionsQ4 2024: 254 institutionsQ1 2025: 273 institutionsQ2 2025: 278 institutionsQ3 2025: 282 institutionsQ4 2025: 282 institutionsQ1 2026: 300 institutionsQ2 2026: 308 institutions
Value heldQ1 2023: $1.42B
Q1 2021: $1.89BQ2 2021: $1.69BQ3 2021: $1.66BQ4 2021: $1.66BQ1 2022: $1.76BQ2 2022: $1.54BQ3 2022: $1.66BQ4 2022: $1.78BQ1 2023: $1.42BQ2 2023: $1.21BQ3 2023: $1.20BQ4 2023: $1.63BQ1 2024: $1.50BQ2 2024: $1.42BQ3 2024: $1.60BQ4 2024: $1.74BQ1 2025: $1.80BQ2 2025: $1.69BQ3 2025: $1.67BQ4 2025: $1.65BQ1 2026: $1.79BQ2 2026: $2.04B
Institutions holding FRME and their total value by quarter
QuarterHoldersValue
Q2 2026308$2.04B
Q1 2026300$1.79B
Q4 2025282$1.65B
Q3 2025282$1.67B
Q2 2025278$1.69B
Q1 2025273$1.80B
Q4 2024254$1.74B
Q3 2024243$1.60B
Q2 2024231$1.42B
Q1 2024233$1.50B
Q4 2023229$1.63B
Q3 2023213$1.20B
Q2 2023211$1.21B
Q1 2023211$1.42B
Q4 2022230$1.78B
Q3 2022221$1.66B
Q2 2022222$1.54B
Q1 2022210$1.76B
Q4 2021205$1.66B
Q3 2021208$1.66B
Q2 2021197$1.69B
Q1 2021193$1.89B

Institutions, Q1 2023

Shares, value and share of portfolio for each institution holding First Merchants Corp; share changes are against Q4 2022.

Institutions holding FRME in Q1 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc6,436,747$212.1M0.01%+10,670+0.2%Added
BlackRock Inc.4,207,627$138.6M0.00%+79,996+1.9%Added
Earnest Partners LLC3,078,129$101.4M0.59%+242,260+8.5%Added
Dimensional Fund Advisors LP2,949,750$97.2M0.03%+103,088+3.6%Added
Cardinal Capital Management LLC2,134,039$70.3M2.49%−162,601−7.1%Reduced
State Street Corp1,661,824$54.8M0.00%+121,588+7.9%Added
Geode Capital Management, LLC1,165,179$38.4M0.00%+45,610+4.1%Added
Principal Financial Group Inc929,116$30.6M0.02%−30,701−3.2%Reduced
Boston Partners928,910$30.0M0.04%+17,636+1.9%Added
American Century Companies Inc900,878$29.7M0.02%+121,905+15.6%Added
William Blair Investment Management, LLC891,931$29.4M0.10%+2,067+0.2%Added
Goldman Sachs Group Inc880,037$29.0M0.01%−86,877−9.0%Reduced
Manufacturers Life Insurance Company, The852,114$28.1M0.02%−33,407−3.8%Reduced
PL Capital Advisors, LLC763,333$25.2M8.87%00.0%Unchanged
Nuveen Asset Management, LLC719,328$23.7M0.01%−31,006−4.1%Reduced
Victory Capital Management Inc707,782$23.3M0.03%−133,360−15.9%Reduced
Bank of New York Mellon Corp704,342$23.2M0.01%+1470.0%Added
Northern Trust Corp671,779$22.1M0.00%−926−0.1%Reduced
JPMorgan Chase & Co641,084$21.1M0.00%+63,257+10.9%Added
New York State Common Retirement Fund637,405$21.0M0.03%+38,040+6.3%Added
Systematic Financial Management LP612,828$20.2M0.66%−17,358−2.8%Reduced
Public Employees Retirement Association of Colorado582,468$19.2M0.10%−5,518−0.9%Reduced
Charles Schwab Investment Management Inc574,853$18.9M0.01%+8,114+1.4%Added
Norges Bank497,978$16.4M0.00%+31,045+6.6%Added
Deprince Race & Zollo Inc451,410$14.9M0.34%−128,136−22.1%Reduced
Eagle Asset Management Inc415,192$13.7M0.08%−74,714−15.3%Reduced
Neumeier Poma Investment Counsel LLC411,565$13.6M1.26%−10,535−2.5%Reduced
Fisher Asset Management, LLC368,858$12.2M0.01%−31,313−7.8%Reduced
Schroder Investment Management Group344,563$11.4M0.02%−52,088−13.1%Reduced
Morgan Stanley295,986$9.75M0.00%−27,635−8.5%Reduced
Guggenheim Capital LLC291,927$9.62M0.08%−3,082−1.0%Reduced
Kennedy Capital Management, Inc.280,789$9.25M0.27%−20,747−6.9%Reduced
Phocas Financial Corp.263,681$8.69M1.25%+33,053+14.3%Added
ProShare Advisors LLC235,479$7.76M0.02%+18,692+8.6%Added
Wells Fargo & Company229,945$7.58M0.00%+27,050+13.3%Added
SEI Investments Co228,819$7.54M0.01%+19,329+9.2%Added
Russell Investments Group, Ltd.209,152$6.89M0.01%−112,454−35.0%Reduced
Macquarie Group Ltd150,952$4.97M0.01%−4,405−2.8%Reduced
Nordea Investment Management AB150,745$4.95M0.01%−1,925−1.3%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.148,051$4.88M0.02%+3,427+2.4%Added
Brandywine Global Investment Management, LLC146,147$4.82M0.04%+81,211+125.1%Added
STRS Ohio142,000$4.68M0.02%−34,800−19.7%Reduced
Hotchkis & Wiley Capital Management LLC139,621$4.60M0.02%+18,500+15.3%Added
EJF Capital LLC138,760$4.57M1.71%+62,560+82.1%Added
Terry L. Blaker133,639$4.40M0.39%+42,325+46.4%Added
Swiss National Bank128,562$4.24M0.00%−15,100−10.5%Reduced
Millennium Management LLC126,906$4.18M0.00%+25,573+25.2%Added
First Trust Advisors LP122,930$4.05M0.00%+14,512+13.4%Added
OneAscent Financial Services LLC112,748$3.71M1.51%+2,863+2.6%Added
Invesco Ltd.112,563$3.71M0.00%−42,087−27.2%Reduced
Ameriprise Financial Inc108,688$3.58M0.00%+2,194+2.1%Added
Rhumbline Advisers106,849$3.52M0.00%−1,911−1.8%Reduced
Susquehanna International Group, LLP102,876$3.39M0.01%+85,263+484.1%Added
Bank of America Corp97,378$3.21M0.00%+29,173+42.8%Added
FJ Capital Management LLC94,057$3.10M0.38%+94,057New
Petiole USA ltd94,047$3.10M2.99%−23,500−20.0%Reduced
Maltese Capital Management LLC87,400$2.88M1.09%−6,300−6.7%Reduced
Envestnet Asset Management Inc82,677$2.72M0.00%+28,169+51.7%Added
UBS Asset Management Americas Inc77,830$2.56M0.00%+4,075+5.5%Added
First Financial Bank - Trust Division75,779$2.50M0.27%00.0%Unchanged
California State Teachers Retirement System73,626$2.43M0.00%−993−1.3%Reduced
Alliancebernstein L.P.68,997$2.27M0.00%00.0%Unchanged
Raymond James & Associates66,118$2.18M0.00%−68,892−51.0%Reduced
Cambridge Investment Research Advisors, Inc.62,745$2.07M0.01%+190.0%Added
Mariner, LLC62,336$2.05M0.01%+1,129+1.8%Added
Wellington Management Group LLP59,140$1.95M0.00%−8,760−12.9%Reduced
Legal & General Group Plc54,995$1.81M0.00%+3,232+6.2%Added
Advisory Research Inc53,060$1.75M0.29%−1,200−2.2%Reduced
Credit Suisse AG52,882$1.74M0.00%+2,477+4.9%Added
Barclays PLC44,978$1.48M0.00%+23,134+105.9%Added
Price T Rowe Associates Inc43,937$1.45M0.00%+4,417+11.2%Added
Oberweis Asset Management Inc42,100$1.39M0.22%+16,800+66.4%Added
Two Sigma Advisers, LP42,081$1.39M0.00%−3,200−7.1%Reduced
Oppenheimer Asset Management Inc.40,229$1.33M0.02%+7,569+23.2%Added
River Oaks Capital LLC38,000$1.25M1.75%+12,417+48.5%Added
Citadel Advisors LLC37,853$1.25M0.00%+18,847+99.2%Added
Deutsche Bank AG37,679$1.24M0.00%+10,345+37.8%Added
UBS Group AG36,196$1.19M0.00%+6,552+22.1%Added
Stifel Financial Corp36,081$1.19M0.00%+3,227+9.8%Added
John W. Rosenthal Capital Management, Inc.35,250$1.16M1.30%00.0%Unchanged
Commonwealth Equity Services, LLC35,245$1.16M0.00%+146+0.4%Added
Qube Research & Technologies Ltd35,118$1.16M0.01%+35,118New
Clarkston Capital Partners, LLC34,696$1.14M0.02%00.0%Unchanged
Great Lakes Advisors, LLC34,517$1.14M0.01%+34,517New
BNP Paribas Arbitrage, SA34,355$1.13M0.00%+20,789+153.2%Added
Valeo Financial Advisors, LLC33,747$1.11M0.05%+33,747New
Prudential Financial Inc32,928$1.08M0.00%−2,359−6.7%Reduced
Diversified Portfolios, Inc.32,805$1.08M0.24%00.0%Unchanged
Paradigm Capital Management Inc32,000$1.05M0.07%−2,000−5.9%Reduced
Old National Bancorp31,735$1.05M0.03%00.0%Unchanged
State Board of Administration of Florida Retirement System31,082$1.02M0.00%00.0%Unchanged
Rehmann Capital Advisory Group30,891$1.02M0.10%+24,360+373.0%Added
Raymond James Financial Services Advisors, Inc.30,624$1.01M0.00%−1,468−4.6%Reduced
MetLife Investment Management30,257$997.0K0.01%00.0%Unchanged
Advisor Group Holdings, Inc.29,229$963.1K0.00%+1,542+5.6%Added
Janus Henderson Group PLC27,663$911.4K0.00%+17,227+165.1%Added
American International Group, Inc.27,632$910.5K0.01%+550+2.0%Added
Cornercap Investment Counsel Inc25,707$847.0K0.15%+74+0.3%Added
Tudor Investment Corp Et Al25,378$836.0K0.02%+6,446+34.0%Added
Waterfront Wealth Inc.25,053$825.5K0.27%+219+0.9%Added