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 |
|---|---|---|---|---|---|
| Capital Advisors, Ltd. LLC | 4 | $0 | 0.00% | 00.0% | Unchanged |
| Dunhill Financial, LLC | 1 | $43 | 0.00% | +1 | New |
| HFM Investment Advisors, LLC | 3 | $113 | 0.00% | 00.0% | Unchanged |
| SBI Securities Co., Ltd. | 5 | $187 | 0.00% | 00.0% | Unchanged |
| Bay Harbor Wealth Management, LLC | 6 | $224 | 0.00% | +1+20.0% | Added |
| Rialto Wealth Management, LLC | 7 | $263 | 0.00% | +3+75.0% | Added |
| Fortitude Family Office, LLC | 12 | $450 | 0.00% | −9−42.9% | Reduced |
| DiNuzzo Private Wealth, Inc. | 12 | $450 | 0.00% | 00.0% | Unchanged |
| Trust Co | 12 | $450 | 0.00% | +12 | New |
| Huntington National Bank | 17 | $637 | 0.00% | 00.0% | Unchanged |
| Massmutual Trust Co FSB | 19 | $712 | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 20 | $750 | 0.00% | +20 | New |
| Clearstead Advisors, LLC | 21 | $788 | 0.00% | −468−95.7% | Reduced |
| SJS Investment Consulting Inc. | 24 | $900 | 0.00% | +18+300.0% | Added |
| Keating Financial Advisory Services, Inc. | 25 | $937 | 0.00% | +25 | New |
| Parkside Financial Bank & Trust | 30 | $1.13K | 0.00% | +30 | New |
| Retirement Wealth Solutions LLC | 34 | $1.27K | 0.00% | 00.0% | Unchanged |
| WPG Advisers, LLC | 37 | $1.39K | 0.00% | 00.0% | Unchanged |
| Cary Street Partner Investment Advisory LLC | 40 | $1.50K | 0.00% | +6+17.6% | Added |
| UMA Financial Services, Inc. | 42 | $1.57K | 0.00% | +42 | New |
| Bare Financial Services, Inc | 43 | $1.61K | 0.00% | +43 | New |
| JFS Wealth Advisors, LLC | 47 | $1.76K | 0.00% | +5+11.9% | Added |
| CIBC Private Wealth Group, LLC | 50 | $1.87K | 0.00% | −1,164−95.9% | Reduced |
| Bell Investment Advisors, Inc | 52 | $1.95K | 0.00% | +15+40.5% | Added |
| Private Wealth Management Group, LLC | 55 | $2.06K | 0.00% | 00.0% | Unchanged |
| Northwestern Mutual Wealth Management Co | 59 | $2.21K | 0.00% | +3+5.4% | Added |
| Dogwood Wealth Management LLC | 62 | $2.32K | 0.00% | +62 | New |
| Sound Income Strategies, LLC | 89 | $3.39K | 0.00% | 00.0% | Unchanged |
| Bessemer Group Inc | 100 | $4.00K | 0.00% | 00.0% | Unchanged |
| Assetmark, Inc | 111 | $4.16K | 0.00% | −2,470−95.7% | Reduced |
| Central Trust Co | 147 | $5.51K | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 155 | $5.81K | 0.00% | −72−31.7% | Reduced |
| Root Financial Partners, LLC | 193 | $7.23K | 0.00% | +29+17.7% | Added |
| Optiver Holding B.V. | 216 | $8.10K | 0.00% | −114−34.5% | Reduced |
| Versant Capital Management, Inc | 231 | $8.66K | 0.00% | +115+99.1% | Added |
| Quarry LP | 280 | $10.5K | 0.00% | +39+16.2% | Added |
| IFP Advisors, Inc | 301 | $11.3K | 0.00% | +62+25.9% | Added |
| Rockefeller Capital Management L.P. | 302 | $11.3K | 0.00% | −21−6.5% | Reduced |
| Los Angeles Capital Management LLC | 323 | $11.6K | 0.00% | +323 | New |
| Pinnacle Wealth Planning Services, Inc. | 310 | $11.6K | 0.00% | +310 | New |
| Parallel Advisors, LLC | 310 | $11.7K | 0.00% | −38−10.9% | Reduced |
| Harbor Capital Advisors, Inc. | 317 | $12.0K | 0.00% | −5−1.6% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 320 | $12.0K | 0.00% | +54+20.3% | Added |
| Trust Co of Toledo NA | 321 | $12.0K | 0.00% | 00.0% | Unchanged |
| Torren Management, LLC | 350 | $13.1K | 0.01% | +350 | New |
| Rothschild Investment LLC | 363 | $13.6K | 0.00% | +116+47.0% | Added |
| Westside Investment Management, Inc. | 390 | $14.6K | 0.00% | 00.0% | Unchanged |
| Danske Bank A/S | 400 | $15.0K | 0.00% | 00.0% | Unchanged |
| CX Institutional | 401 | $15.0K | 0.00% | +4+1.0% | Added |
| Global Retirement Partners, LLC | 476 | $17.8K | 0.00% | +476 | New |
| Nisa Investment Advisors, LLC | 504 | $18.9K | 0.00% | −18−3.4% | Reduced |
| Essential Partners LLC | 516 | $19.3K | 0.01% | −157−23.3% | Reduced |
| Farther Finance Advisors, LLC | 598 | $22.4K | 0.00% | +538+896.7% | Added |
| Creative Financial Designs Inc | 650 | $24.4K | 0.00% | 00.0% | Unchanged |
| LSV Asset Management | 715 | $27.0K | 0.00% | 00.0% | Unchanged |
| Nomura Asset Management Co Ltd | 750 | $28.1K | 0.00% | 00.0% | Unchanged |
| Wellington Grp LLC | 768 | $28.8K | 0.01% | +768 | New |
| Smartleaf Asset Management LLC | 796 | $30.0K | 0.00% | +609+325.7% | Added |
| Public Employees Retirement System of Ohio | 840 | $31.5K | 0.00% | +15+1.8% | Added |
| Indiana Trust & Investment Management CO | 902 | $33.8K | 0.01% | 00.0% | Unchanged |
| GAMMA Investing LLC | 987 | $37.0K | 0.00% | +378+62.1% | Added |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 1,000 | $37.5K | 0.01% | +1,000 | New |
| EverSource Wealth Advisors, LLC | 1,013 | $38.0K | 0.00% | +159+18.6% | Added |
| Covestor Ltd | 1,042 | $39.0K | 0.02% | +425+68.9% | Added |
| MAI Capital Management | 1,159 | $43.4K | 0.00% | −210−15.3% | Reduced |
| Strategic Investment Solutions, Inc. | 1,194 | $44.8K | 0.01% | +11+0.9% | Added |
| Caldwell Trust Co | 1,300 | $48.7K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 1,417 | $53.1K | 0.00% | −2,325−62.1% | Reduced |
| Signaturefd, LLC | 1,488 | $55.8K | 0.00% | −8−0.5% | Reduced |
| GGM Financials LLC | 1,706 | $63.9K | 0.03% | +15+0.9% | Added |
| Ronald Blue Trust, Inc. | 1,784 | $66.9K | 0.00% | 00.0% | Unchanged |
| Capital Analysts, LLC | 1,800 | $67.0K | 0.00% | 00.0% | Unchanged |
| Ancora Advisors, LLC | 1,791 | $67.1K | 0.00% | 00.0% | Unchanged |
| Amalgamated Bank | 1,812 | $68.0K | 0.00% | −184−9.2% | Reduced |
| KBC Group NV | 2,169 | $81.0K | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 2,196 | $82.3K | 0.00% | −17,557−88.9% | Reduced |
| State of Alaska, Department of Revenue | 2,542 | $95.0K | 0.00% | +97+4.0% | Added |
| Fifth Third Bancorp | 2,538 | $95.1K | 0.00% | −571−18.4% | Reduced |
| Sterling Capital Management LLC | 3,169 | $118.8K | 0.00% | −667−17.4% | Reduced |
| Allworth Financial LP | 3,424 | $128.3K | 0.00% | +324+10.5% | Added |
| Ensign Peak Advisors, Inc | 4,070 | $152.5K | 0.00% | −7,000−63.2% | Reduced |
| Ameritas Investment Partners, Inc. | 4,681 | $175.4K | 0.01% | −370−7.3% | Reduced |
| Goelzer Investment Management, Inc. | 5,389 | $202.0K | 0.01% | −1,376−20.3% | Reduced |
| Harbour Trust & Investment Management Co | 5,465 | $204.8K | 0.02% | 00.0% | Unchanged |
| Two Sigma Advisers, LP | 5,574 | $208.9K | 0.00% | −1,147−17.1% | Reduced |
| Brevan Howard Capital Management LP | 5,709 | $214.0K | 0.00% | +5,709 | New |
| Evergreen Capital Management LLC | 5,825 | $218.3K | 0.00% | +5,825 | New |
| Inceptionr LLC | 5,830 | $218.5K | 0.06% | +5,830 | New |
| Balyasny Asset Management LLC | 5,840 | $218.9K | 0.00% | −3,227−35.6% | Reduced |
| Pathway Financial Advisers, LLC | 5,913 | $221.6K | 0.06% | +53+0.9% | Added |
| Aquatic Capital Management LLC | 6,042 | $226.5K | 0.01% | −12,971−68.2% | Reduced |
| Zhang Financial LLC | 6,258 | $234.6K | 0.01% | 00.0% | Unchanged |
| Warren Averett Asset Management, LLC | 6,784 | $254.3K | 0.00% | +135+2.0% | Added |
| Norris Perne & French LLP | 6,834 | $256.1K | 0.02% | 00.0% | Unchanged |
| Cary Street Partners Financial LLC | 6,849 | $256.7K | 0.01% | 00.0% | Unchanged |
| Campbell & CO Investment Adviser LLC | 6,912 | $259.1K | 0.01% | −6,116−46.9% | Reduced |
| HighPoint Advisor Group LLC | 6,925 | $259.5K | 0.01% | 00.0% | Unchanged |
| Twinbeech Capital LP | 7,063 | $264.7K | 0.02% | −1,639−18.8% | Reduced |
| Integrated Investment Consultants, LLC | 7,267 | $272.4K | 0.05% | −10.0% | Reduced |
| PDS Planning, Inc | 7,335 | $274.9K | 0.02% | 00.0% | Unchanged |