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, Q3 2025
Institutional positions in First Merchants Corp as of Sep 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
- 282
- +7 vs. Q2 2025
- Shares held
- 44.3M
- +130.8K (+0.3%) vs. Q2 2025
- Total value
- $1.67B
- −$21.8M (−1.3%) vs. Q2 2025
- New holders
- 31
- 106 more added
- Sold out
- 24
- 80 more reduced
3 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 308 | $2.04B |
| Q1 2026 | 300 | $1.79B |
| Q4 2025 | 282 | $1.65B |
| Q3 2025 | 282 | $1.67B |
| Q2 2025 | 278 | $1.69B |
| Q1 2025 | 273 | $1.80B |
| Q4 2024 | 254 | $1.74B |
| Q3 2024 | 243 | $1.60B |
| Q2 2024 | 231 | $1.42B |
| Q1 2024 | 233 | $1.50B |
| Q4 2023 | 229 | $1.63B |
| Q3 2023 | 213 | $1.20B |
| Q2 2023 | 211 | $1.21B |
| Q1 2023 | 211 | $1.42B |
| Q4 2022 | 230 | $1.78B |
| Q3 2022 | 221 | $1.66B |
| Q2 2022 | 222 | $1.54B |
| Q1 2022 | 210 | $1.76B |
| Q4 2021 | 205 | $1.66B |
| Q3 2021 | 208 | $1.66B |
| Q2 2021 | 197 | $1.69B |
| Q1 2021 | 193 | $1.89B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding First Merchants Corp; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 6,078,518 | $229.2M | 0.00% | −107,689−1.7% | Reduced |
| BlackRock, Inc. | 4,565,192 | $172.1M | 0.00% | −44,071−1.0% | Reduced |
| Dimensional Fund Advisors LP | 3,381,405 | $127.5M | 0.03% | −24,210−0.7% | Reduced |
| Earnest Partners LLC | 2,445,904 | $92.2M | 0.40% | −126,013−4.9% | Reduced |
| State Street Corp | 2,055,124 | $77.5M | 0.00% | +49,499+2.5% | Added |
| Geode Capital Management, LLC | 1,429,817 | $53.9M | 0.00% | −4720.0% | Reduced |
| Capital International Investors | 1,346,300 | $50.8M | 0.01% | +527,545+64.4% | Added |
| Nuveen, LLC | 953,987 | $36.0M | 0.01% | +37,350+4.1% | Added |
| Victory Capital Management Inc | 947,498 | $35.7M | 0.02% | +73,725+8.4% | Added |
| Goldman Sachs Group Inc | 941,691 | $35.5M | 0.01% | +15,269+1.6% | Added |
| William Blair Investment Management, LLC | 843,174 | $31.8M | 0.08% | +118,495+16.4% | Added |
| Systematic Financial Management LP | 762,042 | $28.7M | 0.70% | +1,491+0.2% | Added |
| Principal Financial Group Inc | 710,508 | $26.8M | 0.01% | −47,630−6.3% | Reduced |
| JPMorgan Chase & Co | 691,565 | $26.1M | 0.00% | +13,400+2.0% | Added |
| PL Capital Advisors, LLC | 686,333 | $25.9M | 8.59% | 00.0% | Unchanged |
| Charles Schwab Investment Management Inc | 686,178 | $25.9M | 0.00% | −7,244−1.0% | Reduced |
| Bank of New York Mellon Corp | 667,796 | $25.2M | 0.00% | −9,473−1.4% | Reduced |
| First Trust Advisors LP | 622,273 | $23.5M | 0.02% | −143,979−18.8% | Reduced |
| Northern Trust Corp | 613,001 | $23.1M | 0.00% | +43,086+7.6% | Added |
| American Century Companies Inc | 588,719 | $22.2M | 0.01% | −538,704−47.8% | Reduced |
| Public Employees Retirement Association of Colorado | 546,322 | $20.6M | 0.08% | 00.0% | Unchanged |
| Terry L. Blaker | 539,754 | $20.3M | 0.77% | +280.0% | Added |
| Manufacturers Life Insurance Company, The | 450,825 | $17.0M | 0.01% | −10,490−2.3% | Reduced |
| Raymond James Financial Inc | 449,988 | $17.0M | 0.01% | −9,491−2.1% | Reduced |
| Fisher Asset Management, LLC | 427,119 | $16.1M | 0.01% | −14,669−3.3% | Reduced |
| Bridgeway Capital Management, LLC | 398,498 | $15.0M | 0.32% | +1,375+0.3% | Added |
| Qube Research & Technologies Ltd | 393,408 | $14.8M | 0.02% | +131,504+50.2% | Added |
| Ceredex Value Advisors LLC | 341,950 | $12.9M | 0.30% | −3,650−1.1% | Reduced |
| ProShare Advisors LLC | 323,180 | $12.2M | 0.03% | +147,704+84.2% | Added |
| Hotchkis & Wiley Capital Management LLC | 321,550 | $12.1M | 0.04% | +230,192+252.0% | Added |
| MetLife Investment Management | 319,609 | $12.0M | 0.06% | +47,105+17.3% | Added |
| AQR Capital Management LLC | 308,407 | $11.6M | 0.01% | +144,716+88.4% | Added |
| FJ Capital Management LLC | 294,718 | $11.1M | 1.19% | +294,718 | New |
| Glenmede Investment Management, LP | 283,231 | $10.7M | 0.05% | −19,071−6.3% | Reduced |
| Morgan Stanley | 282,173 | $10.6M | 0.00% | +36,025+14.6% | Added |
| Phocas Financial Corp. | 272,129 | $10.3M | 1.33% | +5,551+2.1% | Added |
| FMR LLC | 246,403 | $9.29M | 0.00% | +26,475+12.0% | Added |
| Empowered Funds, LLC | 234,704 | $8.85M | 0.09% | +11,362+5.1% | Added |
| Millennium Management LLC | 233,264 | $8.79M | 0.01% | +144,833+163.8% | Added |
| Wells Fargo & Company | 209,992 | $7.92M | 0.00% | +2,753+1.3% | Added |
| Bank of America Corp | 197,778 | $7.46M | 0.00% | −11,766−5.6% | Reduced |
| Oberweis Asset Management Inc | 196,000 | $7.39M | 0.28% | 00.0% | Unchanged |
| Denali Advisors LLC | 180,600 | $6.81M | 0.77% | +6,216+3.6% | Added |
| Envestnet Asset Management Inc | 163,412 | $6.16M | 0.00% | −6,773−4.0% | Reduced |
| OneAscent Financial Services LLC | 145,642 | $5.49M | 0.37% | −500−0.3% | Reduced |
| Peregrine Capital Management LLC | 139,468 | $5.26M | 0.16% | −415−0.3% | Reduced |
| Nordea Investment Management AB | 139,168 | $5.24M | 0.00% | +3,379+2.5% | Added |
| UBS Group AG | 122,996 | $4.64M | 0.00% | −31,363−20.3% | Reduced |
| Jane Street Group, LLC | 119,581 | $4.51M | 0.01% | +28,861+31.8% | Added |
| Ameriprise Financial Inc | 117,933 | $4.45M | 0.00% | +50,185+74.1% | Added |
| Cubist Systematic Strategies, LLC | 113,650 | $4.28M | 0.06% | −12,401−9.8% | Reduced |
| Trexquant Investment LP | 113,595 | $4.28M | 0.04% | +22,078+24.1% | Added |
| Swiss National Bank | 112,962 | $4.26M | 0.00% | +1,200+1.1% | Added |
| SEI Investments Co | 108,705 | $4.10M | 0.00% | −2,900−2.6% | Reduced |
| UBS Asset Management Americas Inc | 108,376 | $4.09M | 0.00% | −84,187−43.7% | Reduced |
| New York State Common Retirement Fund | 105,063 | $3.96M | 0.01% | 00.0% | Unchanged |
| Invesco Ltd. | 100,564 | $3.79M | 0.00% | −16,024−13.7% | Reduced |
| Tudor Investment Corp Et Al | 98,523 | $3.71M | 0.02% | +53,953+121.1% | Added |
| Rhumbline Advisers | 96,559 | $3.64M | 0.00% | +3,750+4.0% | Added |
| Great Lakes Advisors, LLC | 95,122 | $3.59M | 0.03% | −13,402−12.3% | Reduced |
| Petiole USA ltd | 94,047 | $3.55M | 2.45% | 00.0% | Unchanged |
| Barclays PLC | 90,778 | $3.42M | 0.00% | −40,638−30.9% | Reduced |
| D. E. Shaw & Co., Inc. | 84,607 | $3.19M | 0.00% | +21,111+33.2% | Added |
| First Financial Bank - Trust Division | 75,779 | $2.86M | 0.24% | 00.0% | Unchanged |
| RMB Capital Management, LLC | 75,510 | $2.85M | 0.05% | −24,965−24.8% | Reduced |
| Mendon Capital Advisors Corp | 75,000 | $2.83M | 1.29% | −37,250−33.2% | Reduced |
| Dark Forest Capital Management LP | 74,171 | $2.80M | 0.11% | −38,869−34.4% | Reduced |
| Inspire Advisors, LLC | 72,855 | $2.75M | 0.26% | +1,076+1.5% | Added |
| Advisory Research Inc | 72,348 | $2.73M | 0.36% | −3,090−4.1% | Reduced |
| John W. Rosenthal Capital Management, Inc. | 72,064 | $2.72M | 2.61% | −241−0.3% | Reduced |
| Alliancebernstein L.P. | 68,157 | $2.57M | 0.00% | 00.0% | Unchanged |
| Price T Rowe Associates Inc | 66,683 | $2.51M | 0.00% | +2,957+4.6% | Added |
| Citigroup Inc | 65,566 | $2.47M | 0.00% | −45,612−41.0% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 64,791 | $2.44M | 0.06% | +22,821+54.4% | Added |
| Creative Planning | 64,214 | $2.42M | 0.00% | +15,282+31.2% | Added |
| Legal & General Group Plc | 60,795 | $2.29M | 0.00% | −3,555−5.5% | Reduced |
| Mariner, LLC | 58,016 | $2.19M | 0.00% | +1,448+2.6% | Added |
| Susquehanna International Group, LLP | 57,600 | $2.17M | 0.00% | −97,783−62.9% | Reduced |
| Quest Partners LLC | 56,344 | $2.12M | 0.14% | +3,528+6.7% | Added |
| BridgePort Financial Solutions, LLC | 55,826 | $2.10M | 0.57% | +55,826 | New |
| Ieq Capital, LLC | 54,171 | $2.04M | 0.01% | +28,599+111.8% | Added |
| California State Teachers Retirement System | 54,061 | $2.04M | 0.00% | +30.0% | Added |
| Arrowstreet Capital, Limited Partnership | 53,377 | $2.01M | 0.00% | −4,634−8.0% | Reduced |
| Franklin Resources Inc | 50,651 | $1.91M | 0.00% | −671−1.3% | Reduced |
| Rafferty Asset Management, LLC | 49,356 | $1.86M | 0.01% | +6,250+14.5% | Added |
| Edgestream Partners, L.P. | 46,955 | $1.77M | 0.05% | −112,536−70.6% | Reduced |
| Deutsche Bank AG | 46,380 | $1.75M | 0.00% | +5,249+12.8% | Added |
| Guggenheim Capital LLC | 42,705 | $1.61M | 0.01% | +2,282+5.6% | Added |
| Oppenheimer Asset Management Inc. | 39,980 | $1.51M | 0.02% | −479−1.2% | Reduced |
| Brandywine Global Investment Management, LLC | 38,873 | $1.47M | 0.01% | −1,388−3.4% | Reduced |
| Elo Mutual Pension Insurance Co | 37,124 | $1.40M | 0.02% | +21,486+137.4% | Added |
| Sanctuary Advisors, LLC | 35,913 | $1.35M | 0.01% | +1,284+3.7% | Added |
| Russell Investments Group, Ltd. | 35,658 | $1.34M | 0.00% | +3,165+9.7% | Added |
| Susquehanna Portfolio Strategies, LLC | 35,013 | $1.32M | 0.02% | +35,013 | New |
| Clarkston Capital Partners, LLC | 34,696 | $1.31M | 0.03% | +3,583+11.5% | Added |
| CBOE Vest Financial, LLC | 34,399 | $1.30M | 0.02% | +34,399 | New |
| Jones Financial Companies LLLP | 32,669 | $1.25M | 0.00% | +2,659+8.9% | Added |
| Old National Bancorp | 33,115 | $1.25M | 0.02% | 00.0% | Unchanged |
| Commonwealth Equity Services, LLC | 32,593 | $1.23M | 0.00% | +1,923+6.3% | Added |
| Two Sigma Investments, LP | 32,249 | $1.22M | 0.00% | −22,994−41.6% | Reduced |