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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, Q2 2025

Institutional positions in First Merchants Corp as of Jun 30, 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
278
+10 vs. Q1 2025
Shares held
44.2M
+116.0K (+0.3%) vs. Q1 2025
Total value
$1.69B
−$89.6M (−5.0%) vs. Q1 2025
New holders
37
92 more added
Sold out
27
88 more reduced

5 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 278 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 heldQ2 2025: $1.69B
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, Q2 2025

Shares, value and share of portfolio for each institution holding First Merchants Corp; share changes are against Q1 2025.

Institutions holding FRME in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
D. E. Shaw & Co., Inc.63,496$2.43M0.00%+63,496New
Price T Rowe Associates Inc63,726$2.44M0.00%+3,260+5.4%Added
Legal & General Group Plc64,350$2.46M0.00%+499+0.8%Added
Ameriprise Financial Inc67,748$2.59M0.00%+1,008+1.5%Added
Alliancebernstein L.P.68,157$2.61M0.00%00.0%Unchanged
Inspire Advisors, LLC71,779$2.75M0.29%+71,779New
John W. Rosenthal Capital Management, Inc.72,305$2.77M2.79%−1,235−1.7%Reduced
Advisory Research Inc75,438$2.89M0.44%−3,870−4.9%Reduced
First Financial Bank - Trust Division75,779$2.90M0.26%00.0%Unchanged
CI Private Wealth, LLC78,558$3.01M0.00%−51−0.1%Reduced
Millennium Management LLC88,431$3.39M0.00%+78,625+801.8%Added
Jane Street Group, LLC90,720$3.47M0.01%−17,139−15.9%Reduced
Hotchkis & Wiley Capital Management LLC91,358$3.50M0.01%+9,370+11.4%Added
Trexquant Investment LP91,517$3.51M0.04%−16,073−14.9%Reduced
Rhumbline Advisers92,809$3.55M0.00%+3,017+3.4%Added
Petiole USA ltd94,047$3.60M2.55%00.0%Unchanged
RMB Capital Management, LLC100,475$3.85M0.07%−24,525−19.6%Reduced
New York State Common Retirement Fund105,063$4.02M0.01%+3,700+3.7%Added
Great Lakes Advisors, LLC108,524$4.16M0.03%−3,601−3.2%Reduced
Citigroup Inc111,178$4.26M0.00%−22,851−17.0%Reduced
SEI Investments Co111,605$4.27M0.00%−101,431−47.6%Reduced
Swiss National Bank111,762$4.28M0.00%−1,900−1.7%Reduced
Mendon Capital Advisors Corp112,250$4.30M2.17%−18,875−14.4%Reduced
Dark Forest Capital Management LP113,040$4.33M0.17%−27,398−19.5%Reduced
Invesco Ltd.116,588$4.47M0.00%−19,867−14.6%Reduced
Cubist Systematic Strategies, LLC126,051$4.83M0.05%−76,004−37.6%Reduced
Barclays PLC131,416$5.03M0.00%+41,104+45.5%Added
Nordea Investment Management AB135,789$5.23M0.00%+462+0.3%Added
Peregrine Capital Management LLC139,883$5.36M0.16%−4,681−3.2%Reduced
OneAscent Financial Services LLC146,142$5.61M0.40%−100,882−40.8%Reduced
UBS Group AG154,359$5.91M0.00%+46,406+43.0%Added
Susquehanna International Group, LLP155,383$5.95M0.01%+9,810+6.7%Added
Edgestream Partners, L.P.159,491$6.11M0.17%+159,491New
AQR Capital Management LLC163,691$6.27M0.01%+45,041+38.0%Added
Envestnet Asset Management Inc170,185$6.52M0.00%−6,737−3.8%Reduced
Denali Advisors LLC174,384$6.68M0.70%+14,005+8.7%Added
ProShare Advisors LLC175,476$6.72M0.01%−8,527−4.6%Reduced
STRS Ohio183,252$7.02M0.03%+1,700+0.9%Added
UBS Asset Management Americas Inc192,563$7.38M0.00%+59,778+45.0%Added
Oberweis Asset Management Inc196,000$7.51M0.33%+17,600+9.9%Added
Wells Fargo & Company207,239$7.94M0.00%+9,551+4.8%Added
Bank of America Corp209,544$8.03M0.00%+7,398+3.7%Added
FMR LLC219,928$8.42M0.00%−2,678−1.2%Reduced
Empowered Funds, LLC223,342$8.55M0.10%+28,131+14.4%Added
Morgan Stanley246,148$9.43M0.00%−12,933−5.0%Reduced
Qube Research & Technologies Ltd261,904$10.0M0.01%+164,664+169.3%Added
Phocas Financial Corp.266,578$10.2M1.47%+400.0%Added
MetLife Investment Management272,504$10.4M0.06%−62,089−18.6%Reduced
Glenmede Investment Management, LP302,302$11.6M0.06%+302,302New
Schroder Investment Management Group331,163$12.8M0.01%−133,493−28.7%Reduced
Ceredex Value Advisors LLC345,600$13.2M0.28%+4,800+1.4%Added
Bridgeway Capital Management, LLC397,123$15.2M0.36%+28,068+7.6%Added
Fisher Asset Management, LLC441,788$16.9M0.01%−54,489−11.0%Reduced
Raymond James Financial Inc459,479$17.6M0.01%−17,728−3.7%Reduced
Manufacturers Life Insurance Company, The461,315$17.7M0.02%−11,659−2.5%Reduced
Terry L. Blaker539,726$20.7M0.80%−2,884−0.5%Reduced
Public Employees Retirement Association of Colorado546,322$20.9M0.08%00.0%Unchanged
Northern Trust Corp569,915$21.8M0.00%−29,193−4.9%Reduced
Bank of New York Mellon Corp677,269$25.9M0.00%−13,566−2.0%Reduced
JPMorgan Chase & Co678,165$26.0M0.00%−57,963−7.9%Reduced
PL Capital Advisors, LLC686,333$26.3M8.77%00.0%Unchanged
Charles Schwab Investment Management Inc693,422$26.6M0.00%−18,418−2.6%Reduced
William Blair Investment Management, LLC724,679$27.8M0.07%−59,782−7.6%Reduced
Principal Financial Group Inc758,138$29.0M0.02%−12,919−1.7%Reduced
Systematic Financial Management LP760,551$29.1M0.78%+15,143+2.0%Added
First Trust Advisors LP766,252$29.3M0.02%−315,076−29.1%Reduced
Capital International Investors818,755$31.4M0.01%00.0%Unchanged
Victory Capital Management Inc873,773$33.5M0.02%+18,641+2.2%Added
Nuveen, LLC916,637$35.1M0.01%+310,233+51.2%Added
Goldman Sachs Group Inc926,422$35.5M0.01%−42,734−4.4%Reduced
American Century Companies Inc1,127,423$43.2M0.02%+27,965+2.5%Added
Geode Capital Management, LLC1,430,289$54.8M0.00%+976+0.1%Added
State Street Corp2,005,625$76.8M0.00%+6,924+0.3%Added
Earnest Partners LLC2,571,917$98.5M0.44%+9,733+0.4%Added
Dimensional Fund Advisors LP3,405,615$130.4M0.03%−34,243−1.0%Reduced
BlackRock, Inc.4,609,263$176.5M0.00%−178,797−3.7%Reduced
Vanguard Group Inc6,186,207$236.9M0.00%−51,924−0.8%Reduced
SRS Capital Advisors, Inc.29––+29New
Jackson Creek Investment Advisors LLC0$00.00%−35,761−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−28,572−100.0%Sold out
Picton Mahoney Asset Management0$00.00%−27,214−100.0%Sold out
Quantedge Capital Pte Ltd0$00.00%−27,000−100.0%Sold out
CBOE Vest Financial, LLC0$00.00%−22,816−100.0%Sold out
XTX Topco Ltd0$00.00%−22,764−100.0%Sold out
Integrity Wealth Advisors, Inc.0$00.00%−19,000−100.0%Sold out
Voloridge Investment Management, LLC0$00.00%−12,310−100.0%Sold out
Mach-1 Financial Group, Inc.0$00.00%−8,522−100.0%Sold out
Johnson Investment Counsel Inc0$00.00%−6,811−100.0%Sold out
Evergreen Capital Management LLC0$00.00%−6,107−100.0%Sold out
Renaissance Technologies LLC0$00.00%−6,100−100.0%Sold out
Advantage Alpha Capital Partners LP0$00.00%−5,852−100.0%Sold out
Vident Advisory, LLC0$00.00%−5,508−100.0%Sold out
Squarepoint Ops LLC0$00.00%−5,341−100.0%Sold out
111 Capital0$00.00%−5,168−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−3,500−100.0%Sold out
Westend Capital Management, LLC0$00.00%−1,149−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−810−100.0%Sold out
Meeder Asset Management Inc0$00.00%−523−100.0%Sold out
Carolinas Wealth Consulting LLC0$00.00%−70−100.0%Sold out
Mather Group, LLC.0$00.00%−62−100.0%Sold out