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 |
|---|---|---|---|---|---|
| Paradigm Capital Management Inc | 32,000 | $1.21M | 0.05% | 00.0% | Unchanged |
| SG Americas Securities, LLC | 30,156 | $1.14M | 0.00% | +23,328+341.7% | Added |
| EJF Capital LLC | 29,697 | $1.12M | 0.65% | +17,813+149.9% | Added |
| Intech Investment Management LLC | 28,937 | $1.09M | 0.01% | −2,634−8.3% | Reduced |
| Wedge Capital Management L L P | 28,683 | $1.08M | 0.02% | −399−1.4% | Reduced |
| BNP Paribas Arbitrage, SA | 28,467 | $1.07M | 0.00% | +19,402+214.0% | Added |
| The PNC Financial Services Group, Inc. | 28,017 | $1.06M | 0.00% | +3,367+13.7% | Added |
| Janus Henderson Group PLC | 27,284 | $1.03M | 0.00% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 27,119 | $1.02M | 0.00% | −4,872−15.2% | Reduced |
| Waterfront Wealth Inc. | 27,653 | $1.02M | 0.21% | +241+0.9% | Added |
| Citadel Advisors LLC | 26,858 | $1.01M | 0.00% | −2,207−7.6% | Reduced |
| State Board of Administration of Florida Retirement System | 26,310 | $991.9K | 0.00% | 00.0% | Unchanged |
| ExodusPoint Capital Management, LP | 24,535 | $925.0K | 0.01% | +15,042+158.5% | Added |
| Chicago Partners Investment Group LLC | 24,929 | $912.2K | 0.02% | +1,027+4.3% | Added |
| STRS Ohio | 23,500 | $886.0K | 0.00% | −159,752−87.2% | Reduced |
| BCGM Wealth Management, LLC | 22,680 | $855.0K | 0.22% | +60.0% | Added |
| Natixis Advisors, L.P. | 22,474 | $847.0K | 0.00% | −154−0.7% | Reduced |
| Captrust Financial Advisors | 22,380 | $843.7K | 0.00% | +1,488+7.1% | Added |
| Man Group plc | 21,916 | $826.2K | 0.00% | +21,916 | New |
| Teacher Retirement System of Texas | 21,744 | $819.7K | 0.00% | −14,268−39.6% | Reduced |
| Voloridge Investment Management, LLC | 21,598 | $814.2K | 0.00% | +21,598 | New |
| IFG Advisory, LLC | 20,995 | $791.5K | 0.04% | −375−1.8% | Reduced |
| CWM, LLC | 20,514 | $773.0K | 0.00% | +14,444+238.0% | Added |
| Bailard, Inc. | 20,000 | $754.0K | 0.02% | +20,000 | New |
| Quantinno Capital Management LP | 19,852 | $748.4K | 0.00% | +10,970+123.5% | Added |
| SRS Capital Advisors, Inc. | 19,753 | $744.7K | 0.01% | +19,724+68,013.8% | Added |
| CI Private Wealth, LLC | 19,275 | $726.7K | 0.00% | −59,283−75.5% | Reduced |
| Kennondale Capital Management LLC | 19,259 | $726.1K | 0.56% | +5,764+42.7% | Added |
| Aquatic Capital Management LLC | 19,013 | $716.8K | 0.01% | +16,262+591.1% | Added |
| Thrivent Financial for Lutherans | 18,916 | $713.0K | 0.00% | −17,149−47.6% | Reduced |
| Advisor Group Holdings, Inc. | 17,135 | $702.5K | 0.00% | −3,167−15.6% | Reduced |
| Quadrant Capital Group LLC | 18,421 | $694.5K | 0.02% | 00.0% | Unchanged |
| Gsa Capital Partners LLP | 18,182 | $685.0K | 0.06% | +18,182 | New |
| Engineers Gate Manager LP | 17,628 | $664.6K | 0.01% | +5,660+47.3% | Added |
| Pathstone Holdings, LLC | 17,337 | $653.6K | 0.00% | +2,461+16.5% | Added |
| Arizona State Retirement System | 17,225 | $649.4K | 0.00% | +165+1.0% | Added |
| HRT Financial LP | 17,032 | $642.0K | 0.00% | −10,268−37.6% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 17,005 | $641.1K | 0.00% | 00.0% | Unchanged |
| US Bancorp | 16,985 | $640.3K | 0.00% | +25+0.1% | Added |
| Intrepid Financial Planning Group LLC | 16,281 | $613.8K | 0.23% | +1,599+10.9% | Added |
| MQS Management LLC | 16,187 | $610.3K | 0.36% | +10,057+164.1% | Added |
| Police & Firemen's Retirement System of New Jersey | 16,146 | $608.7K | 0.00% | +2,981+22.6% | Added |
| Larson Financial Group LLC | 15,821 | $596.5K | 0.02% | +12,812+425.8% | Added |
| Occudo Quantitative Strategies LP | 15,704 | $592.0K | 0.07% | +15,704 | New |
| Sentinel Pension Advisors Inc | 15,228 | $574.1K | 0.09% | 00.0% | Unchanged |
| Royal Bank of Canada | 15,166 | $572.0K | 0.00% | +1,157+8.3% | Added |
| Schonfeld Strategic Advisors LLC | 14,865 | $560.4K | 0.00% | −849−5.4% | Reduced |
| LPL Financial LLC | 14,632 | $551.6K | 0.00% | +613+4.4% | Added |
| Kestra Advisory Services, LLC | 14,075 | $530.6K | 0.00% | +14+0.1% | Added |
| Venture Visionary Partners LLC | 13,541 | $510.5K | 0.02% | +60.0% | Added |
| Campbell & CO Investment Adviser LLC | 13,028 | $491.2K | 0.04% | +13,028 | New |
| Wealth Enhancement Advisory Services, LLC | 12,822 | $487.9K | 0.00% | +6,417+100.2% | Added |
| Weiss Asset Management LP | 12,930 | $487.5K | 0.01% | −15,203−54.0% | Reduced |
| Cerity Partners LLC | 12,643 | $476.6K | 0.00% | +7,348+138.8% | Added |
| Handelsbanken Fonder AB | 12,516 | $472.0K | 0.00% | 00.0% | Unchanged |
| KLP Kapitalforvaltning AS | 12,500 | $471.3K | 0.00% | 00.0% | Unchanged |
| CWM Advisors, LLC | 12,296 | $463.6K | 0.05% | +1,932+18.6% | Added |
| Connable Office Inc | 12,031 | $453.6K | 0.04% | 00.0% | Unchanged |
| Acadian Asset Management LLC | 11,657 | $439.0K | 0.00% | +11,657 | New |
| Ensign Peak Advisors, Inc | 11,070 | $417.3K | 0.00% | −13,850−55.6% | Reduced |
| Semanteon Capital Management, LP | 10,807 | $407.4K | 0.51% | +10,807 | New |
| Voya Investment Management LLC | 10,715 | $404.0K | 0.00% | −5,488−33.9% | Reduced |
| Cetera Investment Advisers | 10,692 | $403.1K | 0.00% | +3,888+57.1% | Added |
| Rehmann Capital Advisory Group | 10,460 | $394.4K | 0.02% | −10.0% | Reduced |
| Great West Life Assurance Co | 10,169 | $381.0K | 0.00% | −13−0.1% | Reduced |
| Minerva Advisors LLC | 9,875 | $372.3K | 0.24% | 00.0% | Unchanged |
| RSM US Wealth Management LLC | 9,818 | $370.1K | 0.00% | −4,462−31.2% | Reduced |
| Entropy Technologies, LP | 9,700 | $365.7K | 0.03% | +9,700 | New |
| Atlas Brown,Inc. | 9,364 | $353.0K | 0.10% | −3,225−25.6% | Reduced |
| Comerica Bank | 9,153 | $345.1K | 0.00% | +1,885+25.9% | Added |
| Balyasny Asset Management LLC | 9,067 | $341.8K | 0.00% | −8,909−49.6% | Reduced |
| Monarch Capital Management Inc | 8,918 | $336.2K | 0.08% | 00.0% | Unchanged |
| Twinbeech Capital LP | 8,702 | $328.1K | 0.01% | +8,702 | New |
| Sapient Capital LLC | 8,455 | $316.6K | 0.00% | 00.0% | Unchanged |
| Stifel Financial Corp | 8,349 | $314.8K | 0.00% | −23,772−74.0% | Reduced |
| Colony Group, LLC | 7,620 | $298.8K | 0.00% | +1,230+19.2% | Added |
| Verition Fund Management LLC | 7,847 | $295.8K | 0.00% | +7,847 | New |
| Kingsview Wealth Management, LLC | 7,770 | $292.9K | 0.00% | 00.0% | Unchanged |
| Prudential Financial Inc | 7,764 | $292.7K | 0.00% | +75+1.0% | Added |
| Cranbrook Wealth Management, LLC | 7,707 | $290.6K | 0.06% | −3,744−32.7% | Reduced |
| Pictet Asset Management Holding SA | 7,577 | $285.7K | 0.00% | −2,401−24.1% | Reduced |
| Mercer Global Advisors Inc | 7,570 | $285.4K | 0.00% | +7,570 | New |
| PDS Planning, Inc | 7,335 | $276.5K | 0.02% | 00.0% | Unchanged |
| Integrated Investment Consultants, LLC | 7,268 | $274.0K | 0.05% | 00.0% | Unchanged |
| HighPoint Advisor Group LLC | 6,925 | $261.1K | 0.01% | 00.0% | Unchanged |
| Cary Street Partners Financial LLC | 6,849 | $258.2K | 0.01% | 00.0% | Unchanged |
| Hennion & Walsh Asset Management, Inc. | 6,839 | $257.8K | 0.01% | −161−2.3% | Reduced |
| Norris Perne & French LLP | 6,834 | $257.6K | 0.02% | 00.0% | Unchanged |
| Goelzer Investment Management, Inc. | 6,765 | $255.0K | 0.01% | 00.0% | Unchanged |
| Two Sigma Advisers, LP | 6,721 | $253.4K | 0.00% | −26,753−79.9% | Reduced |
| Warren Averett Asset Management, LLC | 6,649 | $250.7K | 0.00% | +893+15.5% | Added |
| HighTower Advisors, LLC | 6,571 | $247.7K | 0.00% | +39+0.6% | Added |
| O'Shaughnessy Asset Management, LLC | 6,525 | $246.0K | 0.00% | +6,525 | New |
| HSBC Holdings PLC | 6,555 | $245.2K | 0.00% | +878+15.5% | Added |
| Brinker Capital Investments, LLC | 6,361 | $239.8K | 0.00% | −128−2.0% | Reduced |
| Point72 Asset Management, L.P. | 6,274 | $236.5K | 0.00% | +6,274 | New |
| Zhang Financial LLC | 6,258 | $235.9K | 0.01% | 00.0% | Unchanged |
| CIBC Bancorp USA Inc. | 6,222 | $234.6K | 0.00% | +6,222 | New |
| Pathway Financial Advisers, LLC | 5,860 | $220.9K | 0.06% | +52+0.9% | Added |
| State of Wisconsin Investment Board | 5,806 | $218.9K | 0.00% | +358+6.6% | Added |