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 |
|---|---|---|---|---|---|
| Pictet Asset Management Holding SA | 7,577 | $284.0K | 0.00% | 00.0% | Unchanged |
| Counterpoint Mutual Funds LLC | 7,616 | $285.4K | 0.02% | +7,616 | New |
| Canada Pension Plan Investment Board | 7,700 | $288.6K | 0.00% | +7,700 | New |
| Cranbrook Wealth Management, LLC | 7,707 | $288.9K | 0.06% | 00.0% | Unchanged |
| Kingsview Wealth Management, LLC | 7,770 | $291.2K | 0.00% | 00.0% | Unchanged |
| MQS Management LLC | 7,805 | $292.5K | 0.17% | −8,382−51.8% | Reduced |
| nVerses Capital, LLC | 8,267 | $309.8K | 0.69% | +8,267 | New |
| Rehmann Capital Advisory Group | 8,426 | $315.8K | 0.02% | −2,034−19.4% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 8,470 | $317.5K | 0.01% | −56,321−86.9% | Reduced |
| Great West Life Assurance Co | 8,779 | $329.0K | 0.00% | −1,390−13.7% | Reduced |
| Monarch Capital Management Inc | 8,918 | $334.2K | 0.08% | 00.0% | Unchanged |
| Sapient Capital LLC | 9,053 | $340.9K | 0.00% | +598+7.1% | Added |
| Comerica Bank | 9,108 | $341.4K | 0.00% | −45−0.5% | Reduced |
| Royal Bank of Canada | 9,241 | $346.0K | 0.00% | −5,925−39.1% | Reduced |
| Jump Financial, LLC | 9,467 | $354.8K | 0.00% | +9,467 | New |
| Mercer Global Advisors Inc | 9,595 | $359.6K | 0.00% | +2,025+26.8% | Added |
| RSM US Wealth Management LLC | 9,712 | $365.8K | 0.00% | −106−1.1% | Reduced |
| Minerva Advisors LLC | 9,875 | $370.1K | 0.25% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 10,137 | $379.9K | 0.00% | +3,612+55.4% | Added |
| Mirabella Financial Services LLP | 10,253 | $384.3K | 0.04% | +10,253 | New |
| Voya Investment Management LLC | 10,417 | $390.4K | 0.00% | −298−2.8% | Reduced |
| Cetera Investment Advisers | 10,681 | $400.3K | 0.00% | −11−0.1% | Reduced |
| EJF Capital LLC | 11,525 | $432.0K | 0.25% | −18,172−61.2% | Reduced |
| Connable Office Inc | 12,031 | $450.9K | 0.04% | 00.0% | Unchanged |
| Intrepid Financial Planning Group LLC | 12,121 | $454.3K | 0.17% | −4,160−25.6% | Reduced |
| Cerity Partners LLC | 12,293 | $460.7K | 0.00% | −350−2.8% | Reduced |
| KLP Kapitalforvaltning AS | 12,500 | $468.5K | 0.00% | 00.0% | Unchanged |
| Handelsbanken Fonder AB | 12,516 | $469.0K | 0.00% | 00.0% | Unchanged |
| CWM Advisors, LLC | 12,749 | $477.8K | 0.04% | +453+3.7% | Added |
| HSBC Holdings PLC | 12,905 | $482.9K | 0.00% | +6,350+96.9% | Added |
| Venture Visionary Partners LLC | 13,547 | $507.8K | 0.02% | +60.0% | Added |
| Wealth Enhancement Advisory Services, LLC | 13,679 | $524.5K | 0.00% | +857+6.7% | Added |
| Kestra Advisory Services, LLC | 14,089 | $528.0K | 0.00% | +14+0.1% | Added |
| Advisor Group Holdings, Inc. | 14,319 | $536.7K | 0.00% | −2,816−16.4% | Reduced |
| Pathstone Holdings, LLC | 14,966 | $560.9K | 0.00% | −2,371−13.7% | Reduced |
| Sentinel Pension Advisors Inc | 15,228 | $570.7K | 0.09% | 00.0% | Unchanged |
| Larson Financial Group LLC | 15,849 | $594.0K | 0.02% | +28+0.2% | Added |
| Arizona State Retirement System | 16,104 | $603.6K | 0.00% | −1,121−6.5% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 16,146 | $605.2K | 0.01% | 00.0% | Unchanged |
| IFG Advisory, LLC | 16,855 | $631.7K | 0.03% | −4,140−19.7% | Reduced |
| US Bancorp | 16,954 | $635.4K | 0.00% | −31−0.2% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 17,005 | $637.3K | 0.00% | 00.0% | Unchanged |
| Voloridge Investment Management, LLC | 17,306 | $648.6K | 0.00% | −4,292−19.9% | Reduced |
| Teacher Retirement System of Texas | 17,883 | $670.3K | 0.00% | −3,861−17.8% | Reduced |
| Acadian Asset Management LLC | 18,576 | $695.0K | 0.00% | +6,919+59.4% | Added |
| Thrivent Financial for Lutherans | 18,916 | $709.0K | 0.00% | 00.0% | Unchanged |
| Kennondale Capital Management LLC | 19,259 | $721.8K | 0.53% | 00.0% | Unchanged |
| Susquehanna Fundamental Investments, LLC | 19,796 | $742.0K | 0.03% | +19,796 | New |
| BNP Paribas Arbitrage, SA | 20,952 | $785.3K | 0.00% | −7,515−26.4% | Reduced |
| Quadrant Capital Group LLC | 21,881 | $820.1K | 0.02% | +3,460+18.8% | Added |
| CWM, LLC | 22,033 | $826.0K | 0.00% | +1,519+7.4% | Added |
| Captrust Financial Advisors | 22,309 | $836.1K | 0.00% | −71−0.3% | Reduced |
| Bailard, Inc. | 22,500 | $843.3K | 0.02% | +2,500+12.5% | Added |
| BCGM Wealth Management, LLC | 22,687 | $850.3K | 0.22% | +70.0% | Added |
| STRS Ohio | 23,500 | $880.8K | 0.00% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 24,487 | $917.8K | 0.00% | −3,530−12.6% | Reduced |
| Occudo Quantitative Strategies LP | 24,646 | $923.7K | 0.06% | +8,942+56.9% | Added |
| Convergence Investment Partners, LLC | 25,259 | $946.7K | 0.19% | +25,259 | New |
| Susquehanna Portfolio Strategies, LLC | 25,590 | $959.1K | 0.01% | −9,423−26.9% | Reduced |
| Chicago Partners Investment Group LLC | 25,264 | $962.3K | 0.02% | +335+1.3% | Added |
| ExodusPoint Capital Management, LP | 25,809 | $967.3K | 0.01% | +1,274+5.2% | Added |
| Intech Investment Management LLC | 26,254 | $984.0K | 0.01% | −2,683−9.3% | Reduced |
| Quantinno Capital Management LP | 26,295 | $985.5K | 0.00% | +6,443+32.5% | Added |
| State Board of Administration of Florida Retirement System | 26,310 | $986.1K | 0.00% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 26,792 | $1.00M | 0.00% | −327−1.2% | Reduced |
| Janus Henderson Group PLC | 27,284 | $1.02M | 0.00% | 00.0% | Unchanged |
| Schonfeld Strategic Advisors LLC | 27,468 | $1.03M | 0.01% | +12,603+84.8% | Added |
| Magnetar Financial LLC | 28,043 | $1.05M | 0.01% | +28,043 | New |
| Old National Bancorp | 28,415 | $1.06M | 0.02% | −4,700−14.2% | Reduced |
| Waterfront Wealth Inc. | 27,909 | $1.07M | 0.20% | +256+0.9% | Added |
| Natixis Advisors, L.P. | 28,474 | $1.07M | 0.00% | +6,000+26.7% | Added |
| Wedge Capital Management L L P | 29,256 | $1.10M | 0.02% | +573+2.0% | Added |
| Commonwealth Equity Services, LLC | 30,991 | $1.16M | 0.00% | −1,602−4.9% | Reduced |
| Sanctuary Advisors, LLC | 31,545 | $1.18M | 0.01% | −4,368−12.2% | Reduced |
| Paradigm Capital Management Inc | 32,000 | $1.20M | 0.05% | 00.0% | Unchanged |
| LPL Financial LLC | 33,092 | $1.24M | 0.00% | +18,460+126.2% | Added |
| HRT Financial LP | 33,637 | $1.26M | 0.00% | +16,605+97.5% | Added |
| Clarkston Capital Partners, LLC | 34,696 | $1.30M | 0.03% | 00.0% | Unchanged |
| Jones Financial Companies LLLP | 34,811 | $1.30M | 0.00% | +2,142+6.6% | Added |
| Oppenheimer Asset Management Inc. | 35,672 | $1.34M | 0.02% | −4,308−10.8% | Reduced |
| Verition Fund Management LLC | 36,097 | $1.35M | 0.01% | +28,250+360.0% | Added |
| Russell Investments Group, Ltd. | 36,460 | $1.37M | 0.00% | +802+2.2% | Added |
| Brandywine Global Investment Management, LLC | 37,695 | $1.41M | 0.01% | −1,178−3.0% | Reduced |
| Citigroup Inc | 37,848 | $1.42M | 0.00% | −27,718−42.3% | Reduced |
| Atom Investors LP | 37,858 | $1.42M | 0.11% | +37,858 | New |
| CBOE Vest Financial, LLC | 38,311 | $1.44M | 0.02% | +3,912+11.4% | Added |
| Rafferty Asset Management, LLC | 39,609 | $1.48M | 0.01% | −9,747−19.7% | Reduced |
| Engineers Gate Manager LP | 40,712 | $1.53M | 0.02% | +23,084+131.0% | Added |
| Guggenheim Capital LLC | 41,929 | $1.57M | 0.01% | −776−1.8% | Reduced |
| Citadel Advisors LLC | 42,100 | $1.58M | 0.00% | +15,242+56.8% | Added |
| Man Group plc | 44,457 | $1.67M | 0.00% | +22,541+102.9% | Added |
| Elo Mutual Pension Insurance Co | 44,657 | $1.67M | 0.03% | +7,533+20.3% | Added |
| Marshall Wace, LLP | 46,629 | $1.75M | 0.00% | +46,629 | New |
| Deutsche Bank AG | 49,162 | $1.84M | 0.00% | +2,782+6.0% | Added |
| Versor Investments LP | 50,000 | $1.87M | 0.29% | +50,000 | New |
| Jane Street Group, LLC | 50,080 | $1.88M | 0.00% | −69,501−58.1% | Reduced |
| SG Americas Securities, LLC | 50,226 | $1.88M | 0.00% | +20,070+66.6% | Added |
| Ieq Capital, LLC | 50,846 | $1.91M | 0.01% | −3,325−6.1% | Reduced |
| California State Teachers Retirement System | 53,966 | $2.02M | 0.00% | −95−0.2% | Reduced |
| Legal & General Group Plc | 54,742 | $2.05M | 0.00% | −6,053−10.0% | Reduced |