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 |
|---|---|---|---|---|---|
| Russell Investments Group, Ltd. | 36,460 | $1.37M | 0.00% | +802+2.2% | Added |
| Verition Fund Management LLC | 36,097 | $1.35M | 0.01% | +28,250+360.0% | Added |
| Oppenheimer Asset Management Inc. | 35,672 | $1.34M | 0.02% | −4,308−10.8% | Reduced |
| Jones Financial Companies LLLP | 34,811 | $1.30M | 0.00% | +2,142+6.6% | Added |
| Clarkston Capital Partners, LLC | 34,696 | $1.30M | 0.03% | 00.0% | Unchanged |
| HRT Financial LP | 33,637 | $1.26M | 0.00% | +16,605+97.5% | Added |
| LPL Financial LLC | 33,092 | $1.24M | 0.00% | +18,460+126.2% | Added |
| Paradigm Capital Management Inc | 32,000 | $1.20M | 0.05% | 00.0% | Unchanged |
| Sanctuary Advisors, LLC | 31,545 | $1.18M | 0.01% | −4,368−12.2% | Reduced |
| Commonwealth Equity Services, LLC | 30,991 | $1.16M | 0.00% | −1,602−4.9% | Reduced |
| Wedge Capital Management L L P | 29,256 | $1.10M | 0.02% | +573+2.0% | Added |
| Natixis Advisors, L.P. | 28,474 | $1.07M | 0.00% | +6,000+26.7% | Added |
| Waterfront Wealth Inc. | 27,909 | $1.07M | 0.20% | +256+0.9% | Added |
| Old National Bancorp | 28,415 | $1.06M | 0.02% | −4,700−14.2% | Reduced |
| Magnetar Financial LLC | 28,043 | $1.05M | 0.01% | +28,043 | New |
| Schonfeld Strategic Advisors LLC | 27,468 | $1.03M | 0.01% | +12,603+84.8% | Added |
| Janus Henderson Group PLC | 27,284 | $1.02M | 0.00% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 26,792 | $1.00M | 0.00% | −327−1.2% | Reduced |
| State Board of Administration of Florida Retirement System | 26,310 | $986.1K | 0.00% | 00.0% | Unchanged |
| Quantinno Capital Management LP | 26,295 | $985.5K | 0.00% | +6,443+32.5% | Added |
| Intech Investment Management LLC | 26,254 | $984.0K | 0.01% | −2,683−9.3% | Reduced |
| ExodusPoint Capital Management, LP | 25,809 | $967.3K | 0.01% | +1,274+5.2% | Added |
| Chicago Partners Investment Group LLC | 25,264 | $962.3K | 0.02% | +335+1.3% | Added |
| Susquehanna Portfolio Strategies, LLC | 25,590 | $959.1K | 0.01% | −9,423−26.9% | Reduced |
| Convergence Investment Partners, LLC | 25,259 | $946.7K | 0.19% | +25,259 | New |
| Occudo Quantitative Strategies LP | 24,646 | $923.7K | 0.06% | +8,942+56.9% | Added |
| The PNC Financial Services Group, Inc. | 24,487 | $917.8K | 0.00% | −3,530−12.6% | Reduced |
| STRS Ohio | 23,500 | $880.8K | 0.00% | 00.0% | Unchanged |
| BCGM Wealth Management, LLC | 22,687 | $850.3K | 0.22% | +70.0% | Added |
| Bailard, Inc. | 22,500 | $843.3K | 0.02% | +2,500+12.5% | Added |
| Captrust Financial Advisors | 22,309 | $836.1K | 0.00% | −71−0.3% | Reduced |
| CWM, LLC | 22,033 | $826.0K | 0.00% | +1,519+7.4% | Added |
| Quadrant Capital Group LLC | 21,881 | $820.1K | 0.02% | +3,460+18.8% | Added |
| BNP Paribas Arbitrage, SA | 20,952 | $785.3K | 0.00% | −7,515−26.4% | Reduced |
| Susquehanna Fundamental Investments, LLC | 19,796 | $742.0K | 0.03% | +19,796 | New |
| Kennondale Capital Management LLC | 19,259 | $721.8K | 0.53% | 00.0% | Unchanged |
| Thrivent Financial for Lutherans | 18,916 | $709.0K | 0.00% | 00.0% | Unchanged |
| Acadian Asset Management LLC | 18,576 | $695.0K | 0.00% | +6,919+59.4% | Added |
| Teacher Retirement System of Texas | 17,883 | $670.3K | 0.00% | −3,861−17.8% | Reduced |
| Voloridge Investment Management, LLC | 17,306 | $648.6K | 0.00% | −4,292−19.9% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 17,005 | $637.3K | 0.00% | 00.0% | Unchanged |
| US Bancorp | 16,954 | $635.4K | 0.00% | −31−0.2% | Reduced |
| IFG Advisory, LLC | 16,855 | $631.7K | 0.03% | −4,140−19.7% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 16,146 | $605.2K | 0.01% | 00.0% | Unchanged |
| Arizona State Retirement System | 16,104 | $603.6K | 0.00% | −1,121−6.5% | Reduced |
| Larson Financial Group LLC | 15,849 | $594.0K | 0.02% | +28+0.2% | Added |
| Sentinel Pension Advisors Inc | 15,228 | $570.7K | 0.09% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 14,966 | $560.9K | 0.00% | −2,371−13.7% | Reduced |
| Advisor Group Holdings, Inc. | 14,319 | $536.7K | 0.00% | −2,816−16.4% | Reduced |
| Kestra Advisory Services, LLC | 14,089 | $528.0K | 0.00% | +14+0.1% | Added |
| Wealth Enhancement Advisory Services, LLC | 13,679 | $524.5K | 0.00% | +857+6.7% | Added |
| Venture Visionary Partners LLC | 13,547 | $507.8K | 0.02% | +60.0% | Added |
| HSBC Holdings PLC | 12,905 | $482.9K | 0.00% | +6,350+96.9% | Added |
| CWM Advisors, LLC | 12,749 | $477.8K | 0.04% | +453+3.7% | Added |
| Handelsbanken Fonder AB | 12,516 | $469.0K | 0.00% | 00.0% | Unchanged |
| KLP Kapitalforvaltning AS | 12,500 | $468.5K | 0.00% | 00.0% | Unchanged |
| Cerity Partners LLC | 12,293 | $460.7K | 0.00% | −350−2.8% | Reduced |
| Intrepid Financial Planning Group LLC | 12,121 | $454.3K | 0.17% | −4,160−25.6% | Reduced |
| Connable Office Inc | 12,031 | $450.9K | 0.04% | 00.0% | Unchanged |
| EJF Capital LLC | 11,525 | $432.0K | 0.25% | −18,172−61.2% | Reduced |
| Cetera Investment Advisers | 10,681 | $400.3K | 0.00% | −11−0.1% | Reduced |
| Voya Investment Management LLC | 10,417 | $390.4K | 0.00% | −298−2.8% | Reduced |
| Mirabella Financial Services LLP | 10,253 | $384.3K | 0.04% | +10,253 | New |
| O'Shaughnessy Asset Management, LLC | 10,137 | $379.9K | 0.00% | +3,612+55.4% | Added |
| Minerva Advisors LLC | 9,875 | $370.1K | 0.25% | 00.0% | Unchanged |
| RSM US Wealth Management LLC | 9,712 | $365.8K | 0.00% | −106−1.1% | Reduced |
| Mercer Global Advisors Inc | 9,595 | $359.6K | 0.00% | +2,025+26.8% | Added |
| Jump Financial, LLC | 9,467 | $354.8K | 0.00% | +9,467 | New |
| Royal Bank of Canada | 9,241 | $346.0K | 0.00% | −5,925−39.1% | Reduced |
| Comerica Bank | 9,108 | $341.4K | 0.00% | −45−0.5% | Reduced |
| Sapient Capital LLC | 9,053 | $340.9K | 0.00% | +598+7.1% | Added |
| Monarch Capital Management Inc | 8,918 | $334.2K | 0.08% | 00.0% | Unchanged |
| Great West Life Assurance Co | 8,779 | $329.0K | 0.00% | −1,390−13.7% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 8,470 | $317.5K | 0.01% | −56,321−86.9% | Reduced |
| Rehmann Capital Advisory Group | 8,426 | $315.8K | 0.02% | −2,034−19.4% | Reduced |
| nVerses Capital, LLC | 8,267 | $309.8K | 0.69% | +8,267 | New |
| MQS Management LLC | 7,805 | $292.5K | 0.17% | −8,382−51.8% | Reduced |
| Kingsview Wealth Management, LLC | 7,770 | $291.2K | 0.00% | 00.0% | Unchanged |
| Cranbrook Wealth Management, LLC | 7,707 | $288.9K | 0.06% | 00.0% | Unchanged |
| Canada Pension Plan Investment Board | 7,700 | $288.6K | 0.00% | +7,700 | New |
| Counterpoint Mutual Funds LLC | 7,616 | $285.4K | 0.02% | +7,616 | New |
| Pictet Asset Management Holding SA | 7,577 | $284.0K | 0.00% | 00.0% | Unchanged |
| PDS Planning, Inc | 7,335 | $274.9K | 0.02% | 00.0% | Unchanged |
| Integrated Investment Consultants, LLC | 7,267 | $272.4K | 0.05% | −10.0% | Reduced |
| Twinbeech Capital LP | 7,063 | $264.7K | 0.02% | −1,639−18.8% | Reduced |
| HighPoint Advisor Group LLC | 6,925 | $259.5K | 0.01% | 00.0% | Unchanged |
| Campbell & CO Investment Adviser LLC | 6,912 | $259.1K | 0.01% | −6,116−46.9% | Reduced |
| Cary Street Partners Financial LLC | 6,849 | $256.7K | 0.01% | 00.0% | Unchanged |
| Norris Perne & French LLP | 6,834 | $256.1K | 0.02% | 00.0% | Unchanged |
| Warren Averett Asset Management, LLC | 6,784 | $254.3K | 0.00% | +135+2.0% | Added |
| Zhang Financial LLC | 6,258 | $234.6K | 0.01% | 00.0% | Unchanged |
| Aquatic Capital Management LLC | 6,042 | $226.5K | 0.01% | −12,971−68.2% | Reduced |
| Pathway Financial Advisers, LLC | 5,913 | $221.6K | 0.06% | +53+0.9% | Added |
| Balyasny Asset Management LLC | 5,840 | $218.9K | 0.00% | −3,227−35.6% | Reduced |
| Inceptionr LLC | 5,830 | $218.5K | 0.06% | +5,830 | New |
| Evergreen Capital Management LLC | 5,825 | $218.3K | 0.00% | +5,825 | New |
| Brevan Howard Capital Management LP | 5,709 | $214.0K | 0.00% | +5,709 | New |
| Two Sigma Advisers, LP | 5,574 | $208.9K | 0.00% | −1,147−17.1% | Reduced |
| Harbour Trust & Investment Management Co | 5,465 | $204.8K | 0.02% | 00.0% | Unchanged |
| Goelzer Investment Management, Inc. | 5,389 | $202.0K | 0.01% | −1,376−20.3% | Reduced |