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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 2025

Institutional positions in First Merchants Corp as of Mar 31, 2025. 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
273
+22 vs. Q4 2024
Shares held
44.4M
+1.85M (+4.3%) vs. Q4 2024
Total value
$1.80B
+$97.7M (+5.8%) vs. Q4 2024
New holders
38
78 more added
Sold out
16
94 more reduced

3 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: 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 2025: 273 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 2025: $1.80B
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 2025

Shares, value and share of portfolio for each institution holding First Merchants Corp; share changes are against Q4 2024.

Institutions holding FRME in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Ameriprise Financial Inc66,740$2.70M0.00%+2,200+3.4%Added
Alliancebernstein L.P.68,157$2.76M0.00%00.0%Unchanged
John W. Rosenthal Capital Management, Inc.73,540$2.97M3.00%−3,763−4.9%Reduced
First Financial Bank - Trust Division75,779$3.06M0.30%00.0%Unchanged
CI Private Wealth, LLC78,609$3.18M0.01%+110.0%Added
Advisory Research Inc79,308$3.21M0.57%−207−0.3%Reduced
Hotchkis & Wiley Capital Management LLC81,988$3.32M0.01%−1,230−1.5%Reduced
Citadel Advisors LLC84,618$3.42M0.00%+42,837+102.5%Added
Rhumbline Advisers89,792$3.63M0.00%−12,339−12.1%Reduced
Barclays PLC90,312$3.65M0.00%−31,657−26.0%Reduced
Petiole USA ltd94,047$3.80M2.69%00.0%Unchanged
Qube Research & Technologies Ltd97,240$3.93M0.01%−124,726−56.2%Reduced
New York State Common Retirement Fund101,363$4.10M0.01%−3,400−3.2%Reduced
Norges Bank101,522$4.11M0.00%−80,242−44.1%Reduced
Trexquant Investment LP107,590$4.35M0.05%+65,976+158.5%Added
Jane Street Group, LLC107,859$4.36M0.01%+97,504+941.6%Added
UBS Group AG107,953$4.37M0.00%+29,336+37.3%Added
Great Lakes Advisors, LLC112,125$4.53M0.04%−21,479−16.1%Reduced
Swiss National Bank113,662$4.60M0.00%−1,400−1.2%Reduced
AQR Capital Management LLC118,650$4.80M0.00%+19,375+19.5%Added
RMB Capital Management, LLC125,000$5.05M0.12%+125,000New
Mendon Capital Advisors Corp131,125$5.30M2.46%+131,125New
UBS Asset Management Americas Inc132,785$5.37M0.00%+8,212+6.6%Added
Citigroup Inc134,029$5.42M0.00%+19,206+16.7%Added
Nordea Investment Management AB135,327$5.46M0.01%+1,191+0.9%Added
Invesco Ltd.136,455$5.52M0.00%−10,538−7.2%Reduced
Dark Forest Capital Management LP140,438$5.68M0.26%+104,002+285.4%Added
Peregrine Capital Management LLC144,564$5.85M0.19%−7,885−5.2%Reduced
Susquehanna International Group, LLP145,573$5.89M0.01%+66,320+83.7%Added
Denali Advisors LLC160,379$6.49M0.74%−8,121−4.8%Reduced
Envestnet Asset Management Inc176,922$7.15M0.00%−718−0.4%Reduced
Oberweis Asset Management Inc178,400$7.21M0.36%+32,800+22.5%Added
STRS Ohio181,552$7.34M0.03%−1,200−0.7%Reduced
ProShare Advisors LLC184,003$7.44M0.02%−11,001−5.6%Reduced
Empowered Funds, LLC195,211$7.89M0.11%−26,855−12.1%Reduced
Wells Fargo & Company197,688$7.99M0.00%−1,608−0.8%Reduced
Cubist Systematic Strategies, LLC202,055$8.17M0.11%+184,243+1,034.4%Added
Bank of America Corp202,146$8.17M0.00%+81,524+67.6%Added
SEI Investments Co213,036$8.62M0.01%−39,695−15.7%Reduced
FMR LLC222,606$9.00M0.00%+95,007+74.5%Added
OneAscent Financial Services LLC247,024$9.98M0.65%+123,738+100.4%Added
Morgan Stanley259,081$10.5M0.00%−27,264−9.5%Reduced
Phocas Financial Corp.266,538$10.8M1.65%−15,088−5.4%Reduced
Glenmede Trust Co NA311,118$12.6M0.07%+311,118New
MetLife Investment Management334,593$13.5M0.07%+299,092+842.5%Added
Ceredex Value Advisors LLC340,800$13.8M0.30%+112,500+49.3%Added
Bridgeway Capital Management, LLC369,055$14.9M0.38%−26,909−6.8%Reduced
Schroder Investment Management Group464,656$18.8M0.02%+179,093+62.7%Added
Manufacturers Life Insurance Company, The472,974$19.1M0.02%+4,813+1.0%Added
Raymond James Financial Inc477,207$19.3M0.01%+550+0.1%Added
Fisher Asset Management, LLC496,277$20.1M0.01%−22,980−4.4%Reduced
Terry L. Blaker542,610$21.9M0.88%−7,083−1.3%Reduced
Public Employees Retirement Association of Colorado546,322$22.1M0.09%00.0%Unchanged
Northern Trust Corp599,108$24.2M0.00%−2,699−0.4%Reduced
Nuveen, LLC606,404$24.5M0.01%+606,404New
PL Capital Advisors, LLC686,333$27.8M9.32%00.0%Unchanged
Bank of New York Mellon Corp690,835$27.9M0.01%−240,061−25.8%Reduced
Charles Schwab Investment Management Inc711,840$28.8M0.01%−19,573−2.7%Reduced
JPMorgan Chase & Co736,128$29.8M0.00%−9,311−1.2%Reduced
Systematic Financial Management LP745,408$30.1M0.86%−3,647−0.5%Reduced
Principal Financial Group Inc771,057$31.2M0.02%−35,581−4.4%Reduced
William Blair Investment Management, LLC784,461$31.7M0.09%−36,188−4.4%Reduced
Capital International Investors818,755$33.1M0.01%+223,643+37.6%Added
Victory Capital Management Inc855,132$34.6M0.04%−103,480−10.8%Reduced
Goldman Sachs Group Inc969,156$39.2M0.01%−29,807−3.0%Reduced
First Trust Advisors LP1,081,328$43.7M0.04%+391,772+56.8%Added
American Century Companies Inc1,099,458$44.5M0.03%−289,600−20.8%Reduced
Geode Capital Management, LLC1,429,313$57.8M0.00%+37,054+2.7%Added
State Street Corp1,998,701$80.8M0.00%−190,527−8.7%Reduced
Earnest Partners LLC2,562,184$103.6M0.50%−46,462−1.8%Reduced
Dimensional Fund Advisors LP3,439,858$139.1M0.03%−76,704−2.2%Reduced
BlackRock, Inc.4,788,060$193.6M0.00%−71,851−1.5%Reduced
Vanguard Group Inc6,238,131$252.3M0.00%−98,806−1.6%Reduced
Proequities, Inc.0$00.00%−25−100.0%Sold out
Edgestream Partners, L.P.0$00.00%−40,126−100.0%Sold out
Summit Global Investments0$00.00%−20,332−100.0%Sold out
Natixis Advisors, L.P.0$00.00%−14,277−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−13,509−100.0%Sold out
Verition Fund Management LLC0$00.00%−8,277−100.0%Sold out
Savant Capital, LLC0$00.00%−6,124−100.0%Sold out
Profund Advisors LLC0$00.00%−5,975−100.0%Sold out
Valeo Financial Advisors, LLC0$00.00%−5,835−100.0%Sold out
Harbour Investments, Inc.0$00.00%−5,813−100.0%Sold out
City Center Advisors, LLC0$00.00%−5,486−100.0%Sold out
Security Financial Services, INC.0$00.00%−5,296−100.0%Sold out
Sciencast Management LP0$00.00%−5,083−100.0%Sold out
Quarry LP0$00.00%−638−100.0%Sold out
R Squared Ltd0$00.00%−260−100.0%Sold out
SRS Capital Advisors, Inc.0$00.00%−186−100.0%Sold out
Nuveen Asset Management, LLC––––Not filed
Mesirow Institutional Investment Management, Inc.––––Not filed
Cassady Schiller Wealth Management, LLC––––Not filed