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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, Q4 2023

Institutional positions in First Merchants Corp as of Dec 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
229
+19 vs. Q3 2023
Shares held
43.9M
+951.9K (+2.2%) vs. Q3 2023
Total value
$1.63B
+$432.6M (+36.2%) vs. Q3 2023
New holders
41
74 more added
Sold out
22
79 more reduced

3 institutions that held it in Q3 2023 haven't filed for Q4 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2023: 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 holdersQ4 2023: 229 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 heldQ4 2023: $1.63B
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, Q4 2023

Shares, value and share of portfolio for each institution holding First Merchants Corp; share changes are against Q3 2023.

Institutions holding FRME in Q4 2023
InstitutionSharesValue% of portfolioChange in sharesAction
IFG Advisory, LLC23,568$873.9K0.06%−141−0.6%Reduced
Susquehanna Portfolio Strategies, LLC23,206$860.5K0.02%+23,206New
The PNC Financial Services Group, Inc.22,649$839.8K0.00%−552−2.4%Reduced
BCGM Wealth Management, LLC22,637$839.4K0.34%−1,019−4.3%Reduced
Bailard, Inc.21,800$808.3K0.02%+1,400+6.9%Added
Chicago Partners Investment Group LLC22,467$807.7K0.04%+155+0.7%Added
Raymond James Financial Services Advisors, Inc.21,564$799.6K0.00%−325−1.5%Reduced
Wesbanco Bank Inc21,140$783.9K0.04%00.0%Unchanged
Canada Pension Plan Investment Board20,257$751.1K0.00%+20,257New
Arrowstreet Capital, Limited Partnership20,062$744.0K0.00%+20,062New
Old Mission Capital LLC19,945$739.6K0.02%+19,945New
Franklin Resources Inc19,404$719.5K0.00%−9,596−33.1%Reduced
Tower Research Capital LLC (TRC)19,153$710.2K0.01%+18,040+1,620.8%Added
Wedge Capital Management L L P18,817$697.7K0.01%+1,232+7.0%Added
Raymond James & Associates18,462$684.6K0.00%−1,746−8.6%Reduced
State Board of Administration of Florida Retirement System16,882$626.0K0.00%00.0%Unchanged
Pathstone Holdings, LLC16,847$624.7K0.00%+16,847New
Arizona State Retirement System16,696$619.1K0.00%−297−1.7%Reduced
BNP Paribas Arbitrage, SA16,592$615.2K0.00%−9,839−37.2%Reduced
US Bancorp16,405$608.3K0.00%+791+5.1%Added
Zurcher Kantonalbank (Zurich Cantonalbank)15,337$568.7K0.00%+3,335+27.8%Added
Intrepid Financial Planning Group LLC14,800$548.8K0.26%−107−0.7%Reduced
Advantage Alpha Capital Partners LP14,610$541.7K0.10%+14,610New
Venture Visionary Partners LLC13,526$501.5K0.03%+33+0.2%Added
Handelsbanken Fonder AB13,516$501.0K0.00%00.0%Unchanged
State of Wisconsin Investment Board13,265$491.9K0.00%+3,631+37.7%Added
Integrated Investment Consultants, LLC12,890$478.0K0.15%+178+1.4%Added
Connable Office Inc12,449$461.6K0.06%+12,449New
HRT Financial LP11,450$424.0K0.00%−22,720−66.5%Reduced
Qube Research & Technologies Ltd11,237$416.7K0.00%−6,764−37.6%Reduced
Alps Advisors Inc11,073$410.6K0.00%−631−5.4%Reduced
Dark Forest Capital Management LP11,042$409.4K0.06%+11,042New
Connor, Clark & Lunn Investment Management Ltd.10,437$387.0K0.00%+10,437New
CWM Advisors, LLC10,365$384.3K0.04%−749−6.7%Reduced
Sapient Capital LLC9,952$369.0K0.01%+9,952New
Creative Planning9,943$368.7K0.00%+1,432+16.8%Added
Minerva Advisors LLC9,875$366.2K0.23%00.0%Unchanged
Monarch Capital Management Inc9,718$360.3K0.11%00.0%Unchanged
Brinker Capital Investments, LLC9,789$353.2K0.00%−537−5.2%Reduced
Orion Portfolio Solutions, LLC9,789$353.2K0.00%−537−5.2%Reduced
Emerald Mutual Fund Advisers Trust9,506$352.5K0.02%−9,844−50.9%Reduced
Millennium Management LLC9,196$341.0K0.00%−175,876−95.0%Reduced
LPL Financial LLC9,034$335.0K0.00%−582−6.1%Reduced
Sentinel Pension Advisors Inc8,958$332.2K0.08%00.0%Unchanged
Zhang Financial LLC8,258$306.2K0.03%−2,000−19.5%Reduced
Johnson Investment Counsel Inc7,786$288.7K0.00%00.0%Unchanged
Kingsview Wealth Management, LLC7,770$288.1K0.01%00.0%Unchanged
Norris Perne & French LLP7,544$279.7K0.02%00.0%Unchanged
Landscape Capital Management, L.L.C.7,159$265.5K0.02%+7,159New
Great West Life Assurance Co7,083$262.0K0.00%−1,630−18.7%Reduced
Pictet Asset Management Holding SA7,032$260.7K0.00%+7,032New
Oxford Financial Group Ltd6,942$257.4K0.02%+6,942New
Soltis Investment Advisors LLC6,912$256.3K0.03%+6,912New
Transcend Wealth Collective, LLC6,849$254.0K0.02%+6,849New
Goelzer Investment Management, Inc.6,765$250.8K0.02%−3,200−32.1%Reduced
Atlas Brown,Inc.6,405$237.5K0.10%+6,405New
Two Sigma Investments, LP6,249$231.7K0.00%−69,261−91.7%Reduced
Cetera Investment Advisers6,162$228.5K0.00%+6,162New
Ameritas Investment Partners, Inc.6,125$227.1K0.01%+247+4.2%Added
Schechter Investment Advisors, LLC5,823$215.9K0.02%+5,823New
Royce & Associates LP5,613$208.1K0.00%+5,613New
Ullmann Financial Group, Inc.5,602$207.7K0.03%+5,602New
Graham Capital Management, L.P.5,573$206.6K0.01%+5,573New
Thrivent Financial for Lutherans5,533$205.0K0.00%−30,674−84.7%Reduced
Inceptionr LLC5,516$204.5K0.15%+5,516New
Evergreen Capital Management LLC5,488$203.5K0.01%+5,488New
Pathway Financial Advisers, LLC5,485$203.4K0.08%+53+1.0%Added
Harbour Trust & Investment Management Co5,465$202.6K0.03%+5,465New
Amalgamated Bank5,125$190.0K0.00%−583−10.2%Reduced
Aquatic Capital Management LLC4,700$174.0K0.00%+1,900+67.9%Added
Assetmark, Inc3,510$130.2K0.00%+704+25.1%Added
Metropolitan Life Insurance Co3,409$126.4K0.01%00.0%Unchanged
Fifth Third Bancorp3,246$120.4K0.00%00.0%Unchanged
FMR LLC3,217$119.3K0.00%+1,256+64.0%Added
Larson Financial Group LLC2,926$108.5K0.01%00.0%Unchanged
Quadrant Capital Group LLC2,442$90.5K0.01%−156−6.0%Reduced
Optimum Investment Advisors2,253$83.5K0.04%00.0%Unchanged
LSV Asset Management2,172$81.0K0.00%00.0%Unchanged
Meeder Asset Management Inc2,029$75.2K0.01%+2,029New
Covestor Ltd1,804$67.0K0.05%−328−15.4%Reduced
Capital Analysts, LLC1,800$67.0K0.00%00.0%Unchanged
Signaturefd, LLC1,671$62.0K0.00%−28−1.6%Reduced
Spectrum Wealth Counsel, LLC1,579$58.5K0.01%+1,579New
Parkside Financial Bank & Trust1,524$56.5K0.01%+330+27.6%Added
SYSTM Wealth Solutions LLC1,424$52.8K0.01%+1,424New
Caldwell Trust Co1,300$48.2K0.01%00.0%Unchanged
Strategic Investment Solutions, Inc.1,107$41.1K0.01%−67,315−98.4%Reduced
Jones Financial Companies LLLP974$36.1K0.00%+974New
Indiana Trust & Investment Management CO902$33.4K0.02%−925−50.6%Reduced
Elequin Capital LP872$32.3K0.01%−3,991−82.1%Reduced
Voisard Asset Management Group, Inc.841$31.2K0.02%+841New
Public Employees Retirement System of Ohio830$30.8K0.00%+70+9.2%Added
EntryPoint Capital, LLC792$29.4K0.03%+792New
Ronald Blue Trust, Inc.1,021$28.0K0.00%−38−3.6%Reduced
Cranbrook Wealth Management, LLC701$26.0K0.01%00.0%Unchanged
Federated Hermes, Inc.663$24.6K0.00%−89−11.8%Reduced
Creative Financial Designs Inc650$24.1K0.00%+650New
Nisa Investment Advisors, LLC539$20.0K0.00%−5,586−91.2%Reduced
Comerica Bank514$19.1K0.00%−49−8.7%Reduced
Johnson Financial Group, Inc.501$18.6K0.00%+501New