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 2025
Institutional positions in First Merchants Corp as of Dec 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
- 282
- +7 vs. Q3 2025
- Shares held
- 43.9M
- +44.9K (+0.1%) vs. Q3 2025
- Total value
- $1.65B
- −$7.88M (−0.5%) vs. Q3 2025
- New holders
- 32
- 98 more added
- Sold out
- 25
- 96 more reduced
7 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding First Merchants Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 5,983,901 | $224.3M | 0.00% | −94,617−1.6% | Reduced |
| BlackRock, Inc. | 4,643,686 | $174.0M | 0.00% | +78,494+1.7% | Added |
| Dimensional Fund Advisors LP | 3,318,040 | $124.4M | 0.03% | −63,365−1.9% | Reduced |
| Earnest Partners LLC | 2,310,372 | $86.6M | 0.37% | −135,532−5.5% | Reduced |
| State Street Corp | 1,974,973 | $74.0M | 0.00% | −80,151−3.9% | Reduced |
| Geode Capital Management, LLC | 1,431,840 | $53.7M | 0.00% | +2,023+0.1% | Added |
| Capital International Investors | 1,346,300 | $50.5M | 0.01% | 00.0% | Unchanged |
| Nuveen, LLC | 1,058,247 | $39.7M | 0.01% | +104,260+10.9% | Added |
| Victory Capital Management Inc | 956,197 | $35.8M | 0.02% | +8,699+0.9% | Added |
| Goldman Sachs Group Inc | 929,244 | $34.8M | 0.00% | −12,447−1.3% | Reduced |
| Systematic Financial Management LP | 778,328 | $29.2M | 0.69% | +16,286+2.1% | Added |
| Bank of New York Mellon Corp | 764,136 | $28.6M | 0.01% | +96,340+14.4% | Added |
| William Blair Investment Management, LLC | 763,904 | $28.6M | 0.08% | −79,270−9.4% | Reduced |
| First Trust Advisors LP | 715,488 | $26.8M | 0.02% | +93,215+15.0% | Added |
| PL Capital Advisors, LLC | 686,333 | $25.7M | 8.11% | 00.0% | Unchanged |
| Charles Schwab Investment Management Inc | 681,888 | $25.6M | 0.00% | −4,290−0.6% | Reduced |
| FJ Capital Management LLC | 633,668 | $23.7M | 2.62% | +338,950+115.0% | Added |
| Qube Research & Technologies Ltd | 627,759 | $23.5M | 0.03% | +234,351+59.6% | Added |
| JPMorgan Chase & Co | 605,427 | $22.7M | 0.00% | −86,138−12.5% | Reduced |
| Northern Trust Corp | 566,386 | $21.2M | 0.00% | −46,615−7.6% | Reduced |
| Public Employees Retirement Association of Colorado | 546,322 | $20.5M | 0.08% | 00.0% | Unchanged |
| Terry L. Blaker | 534,739 | $20.0M | 0.74% | −5,015−0.9% | Reduced |
| Manufacturers Life Insurance Company, The | 437,278 | $16.4M | 0.01% | −13,547−3.0% | Reduced |
| Ceredex Value Advisors LLC | 413,950 | $15.5M | 0.47% | +72,000+21.1% | Added |
| Raymond James Financial Inc | 410,023 | $15.4M | 0.00% | −39,965−8.9% | Reduced |
| Bridgeway Capital Management, LLC | 390,605 | $14.6M | 0.31% | −7,893−2.0% | Reduced |
| AQR Capital Management LLC | 381,302 | $14.3M | 0.01% | +72,895+23.6% | Added |
| Fisher Asset Management, LLC | 375,276 | $14.1M | 0.00% | −51,843−12.1% | Reduced |
| Millennium Management LLC | 357,426 | $13.4M | 0.01% | +124,162+53.2% | Added |
| American Century Companies Inc | 346,756 | $13.0M | 0.01% | −241,963−41.1% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 333,596 | $12.5M | 0.04% | +12,046+3.7% | Added |
| MetLife Investment Management | 314,574 | $11.8M | 0.06% | −5,035−1.6% | Reduced |
| FMR LLC | 305,818 | $11.5M | 0.00% | +59,415+24.1% | Added |
| Morgan Stanley | 291,208 | $10.9M | 0.00% | +9,035+3.2% | Added |
| Phocas Financial Corp. | 271,481 | $10.2M | 1.32% | −648−0.2% | Reduced |
| Glenmede Trust Co NA | 260,721 | $9.77M | 0.05% | +260,721 | New |
| Wells Fargo & Company | 218,925 | $8.21M | 0.00% | +8,933+4.3% | Added |
| Denali Advisors LLC | 205,200 | $7.69M | 0.85% | +24,600+13.6% | Added |
| Oberweis Asset Management Inc | 196,000 | $7.35M | 0.27% | 00.0% | Unchanged |
| ProShare Advisors LLC | 169,166 | $6.34M | 0.01% | −154,014−47.7% | Reduced |
| Bank of America Corp | 166,121 | $6.23M | 0.00% | −31,657−16.0% | Reduced |
| UBS Group AG | 165,218 | $6.19M | 0.00% | +42,222+34.3% | Added |
| OneAscent Financial Services LLC | 136,069 | $5.10M | 0.47% | −9,573−6.6% | Reduced |
| Peregrine Capital Management LLC | 132,924 | $4.98M | 0.15% | −6,544−4.7% | Reduced |
| Nordea Investment Management AB | 121,570 | $4.56M | 0.00% | −17,598−12.6% | Reduced |
| Ameriprise Financial Inc | 114,469 | $4.29M | 0.00% | −3,464−2.9% | Reduced |
| Swiss National Bank | 114,062 | $4.28M | 0.00% | +1,100+1.0% | Added |
| Envestnet Asset Management Inc | 112,011 | $4.20M | 0.00% | −51,401−31.5% | Reduced |
| SEI Investments Co | 111,136 | $4.17M | 0.00% | +2,431+2.2% | Added |
| Barclays PLC | 110,964 | $4.16M | 0.00% | +20,186+22.2% | Added |
| New York State Common Retirement Fund | 109,390 | $4.10M | 0.01% | +4,327+4.1% | Added |
| UBS Asset Management Americas Inc | 105,237 | $3.94M | 0.00% | −3,139−2.9% | Reduced |
| Point72 Asset Management, L.P. | 105,180 | $3.94M | 0.01% | +98,906+1,576.4% | Added |
| Tudor Investment Corp Et Al | 101,567 | $3.81M | 0.02% | +3,044+3.1% | Added |
| Wellington Management Group LLP | 99,379 | $3.72M | 0.00% | +99,379 | New |
| RMB Capital Management, LLC | 98,334 | $3.69M | 0.06% | +22,824+30.2% | Added |
| Mendon Capital Advisors Corp | 95,000 | $3.56M | 1.40% | +20,000+26.7% | Added |
| Dark Forest Capital Management LP | 94,876 | $3.56M | 0.16% | +20,705+27.9% | Added |
| Petiole USA ltd | 94,047 | $3.52M | 2.28% | 00.0% | Unchanged |
| Great Lakes Advisors, LLC | 93,324 | $3.50M | 0.03% | −1,798−1.9% | Reduced |
| Invesco Ltd. | 82,206 | $3.08M | 0.00% | −18,358−18.3% | Reduced |
| Rhumbline Advisers | 81,913 | $3.07M | 0.00% | −14,646−15.2% | Reduced |
| Mariner, LLC | 80,087 | $3.00M | 0.00% | +22,071+38.0% | Added |
| D. E. Shaw & Co., Inc. | 79,870 | $2.99M | 0.00% | −4,737−5.6% | Reduced |
| Creative Planning | 79,438 | $2.98M | 0.00% | +15,224+23.7% | Added |
| Inspire Advisors, LLC | 78,081 | $2.93M | 0.27% | +5,226+7.2% | Added |
| First Financial Bank - Trust Division | 75,779 | $2.84M | 0.23% | 00.0% | Unchanged |
| Stifel Financial Corp | 75,539 | $2.83M | 0.00% | +67,190+804.8% | Added |
| Susquehanna International Group, LLP | 74,378 | $2.79M | 0.00% | +16,778+29.1% | Added |
| Quest Partners LLC | 72,395 | $2.71M | 0.15% | +16,051+28.5% | Added |
| John W. Rosenthal Capital Management, Inc. | 72,064 | $2.70M | 2.50% | 00.0% | Unchanged |
| Arrowstreet Capital, Limited Partnership | 71,984 | $2.70M | 0.00% | +18,607+34.9% | Added |
| Advisory Research Inc | 68,439 | $2.57M | 0.32% | −3,909−5.4% | Reduced |
| Alliancebernstein L.P. | 68,157 | $2.55M | 0.00% | 00.0% | Unchanged |
| Price T Rowe Associates Inc | 67,787 | $2.54M | 0.00% | +1,104+1.7% | Added |
| Numerai GP LLC | 66,215 | $2.48M | 0.30% | +66,215 | New |
| Two Sigma Investments, LP | 65,339 | $2.45M | 0.00% | +33,090+102.6% | Added |
| Principal Financial Group Inc | 64,083 | $2.40M | 0.00% | −646,425−91.0% | Reduced |
| Trexquant Investment LP | 62,958 | $2.36M | 0.02% | −50,637−44.6% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 62,610 | $2.35M | 0.00% | +62,610 | New |
| BridgePort Financial Solutions, LLC | 58,107 | $2.18M | 0.59% | +2,281+4.1% | Added |
| Franklin Resources Inc | 55,678 | $2.09M | 0.00% | +5,027+9.9% | Added |
| Legal & General Group Plc | 54,742 | $2.05M | 0.00% | −6,053−10.0% | Reduced |
| California State Teachers Retirement System | 53,966 | $2.02M | 0.00% | −95−0.2% | Reduced |
| Ieq Capital, LLC | 50,846 | $1.91M | 0.01% | −3,325−6.1% | Reduced |
| SG Americas Securities, LLC | 50,226 | $1.88M | 0.00% | +20,070+66.6% | Added |
| Jane Street Group, LLC | 50,080 | $1.88M | 0.00% | −69,501−58.1% | Reduced |
| Versor Investments LP | 50,000 | $1.87M | 0.29% | +50,000 | New |
| Deutsche Bank AG | 49,162 | $1.84M | 0.00% | +2,782+6.0% | Added |
| Marshall Wace, LLP | 46,629 | $1.75M | 0.00% | +46,629 | New |
| Elo Mutual Pension Insurance Co | 44,657 | $1.67M | 0.03% | +7,533+20.3% | Added |
| Man Group plc | 44,457 | $1.67M | 0.00% | +22,541+102.9% | Added |
| Citadel Advisors LLC | 42,100 | $1.58M | 0.00% | +15,242+56.8% | Added |
| Guggenheim Capital LLC | 41,929 | $1.57M | 0.01% | −776−1.8% | Reduced |
| Engineers Gate Manager LP | 40,712 | $1.53M | 0.02% | +23,084+131.0% | Added |
| Rafferty Asset Management, LLC | 39,609 | $1.48M | 0.01% | −9,747−19.7% | Reduced |
| CBOE Vest Financial, LLC | 38,311 | $1.44M | 0.02% | +3,912+11.4% | Added |
| Atom Investors LP | 37,858 | $1.42M | 0.11% | +37,858 | New |
| Citigroup Inc | 37,848 | $1.42M | 0.00% | −27,718−42.3% | Reduced |
| Brandywine Global Investment Management, LLC | 37,695 | $1.41M | 0.01% | −1,178−3.0% | Reduced |