First Merchants Corp.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 15, 2026), First Merchants Corp. reported 358 stock positions worth $2.8 billion. Its top holding was FMPW Inst Money at 6.2% of the portfolio, followed by Vanguard 500 Index-Adm (VFIAX, 5.1%) and Federated SHRT-Intrm TTL-R6 (SRBRX, 3.5%). Compared with Q1 2026, it opened 15 new positions, sold out of 13, added to 74 and reduced 167. The biggest buy was Eli Lilly (LLY, shares +0%) and the biggest sale FMPW Inst Money (shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Muncie, IN
- CIK
- 0000712534
- Portfolio Value
- $2.8B (Q2 2026)
- SEC Filing
- 0000712534-26-000053 ↗ filed Jul 15, 2026
Holdings Value
Holdings 358 stocks · $2.8B
| FMPW INST MONEY | 6.21% | 176,320,761 | $176.3M | Reduce -2.7% |
| VFIAX Vanguard 500 Index-Adm | 5.05% | 207,295 | $143.4M | Reduce -2.4% |
| SRBRX Federated SHRT-Intrm TTL-R6 filed as FED SH INTRM TTL BD | 3.53% | 9,932,066 | $100.2M | Add +2.9% |
| FTRLX Fed Herm TTL RTRN BND-R6 filed as FED TTL RET BD CL R6 | 3.33% | 9,998,596 | $94.4M | Reduce -1.1% |
| VIMAX VNGD Mrngst MD-CP Idx FD-Adm | 2.43% | 172,525 | $68.9M | Reduce -2.5% |
| BSV Vanguard Short-Term Bond ETF | 2.39% | 871,815 | $67.9M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 2.26% | 179,199 | $64.0M | Reduce -1.6% |
| LLY Eli Lilly & Co. | 2.13% | 50,428 | $60.5M | Add +0.5% |
| AAPL Apple Inc. | 2.01% | 196,715 | $56.9M | Reduce -2.2% |
| SFNNX Schwab Fndmnl Intl LRG Comp | 1.98% | 3,456,822 | $56.2M | Reduce -0.0% |
| AVGO Broadcom Inc. | 1.76% | 132,080 | $49.9M | Reduce -4.3% |
| LRCX Lam Research Corp. | 1.56% | 102,322 | $44.3M | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 1.52% | 62,651 | $43.0M | Add +2.7% |
| IYW iShares Ustechnology ETF | 1.44% | 161,871 | $40.8M | Reduce -2.4% |
| FCNTX Fidelity Contrafund | 1.42% | 1,506,313 | $40.4M | Reduce -0.5% |
| VEIRX Vanguard Equity Income-Adm | 1.42% | 404,317 | $40.2M | Add +0.3% |
| VGT Vanguard Info Tech ETF | 1.40% | 331,585 | $39.6M | Add +5.6% |
| MSFT Microsoft Corp. | 1.35% | 102,598 | $38.3M | Add +2.0% |
| NUSFX Northern Ultra-SHRT Fix Inc. filed as NORTH ULT-SH FIX INC | 1.25% | 3,436,981 | $35.4M | Add +4.7% |
| IVW iShares S&P 500 Growth ETF | 1.24% | 256,893 | $35.3M | Add +0.5% |
| APH Amphenol Corp. Class A | 1.16% | 186,124 | $32.8M | Reduce -2.2% |
| NVDA Nvidia Corp. | 1.15% | 162,711 | $32.6M | Reduce -4.1% |
| AMZN Amazon.com Inc. | 1.13% | 135,019 | $32.2M | Reduce -0.7% |
| IJR iShares Core S&P Small-Cap E | 1.07% | 205,687 | $30.5M | Reduce -3.2% |
| AGG iShares Core U.S. Aggregate | 1.07% | 305,537 | $30.2M | Reduce -3.8% |
| JMGRX Janus Hndrsn Enterprise-I filed as JANUS ENTERPRISE | 1.06% | 193,093 | $30.2M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 1.00% | 86,914 | $28.4M | Add +9.9% |
| VBIRX Vanguard S/T BND Indx-Adm | 0.99% | 2,752,018 | $28.0M | Reduce -8.7% |
| PZIEX Pzena Emerg MKTS Val-Inst | 0.98% | 1,694,299 | $27.9M | Add +7.6% |
| VWILX Vanguard Intl Growth-Adm | 0.98% | 230,179 | $27.8M | Add +4.5% |
| VSMAX Vangrd Mrgstr SML CP Idx-Adm filed as VANGUARD SMALL CAP INDEX ADMIRAL SHARES | 0.94% | 183,136 | $26.6M | Reduce -3.7% |
| MVCKX MFS Mid Cap Value Fund-R5 | 0.93% | 750,930 | $26.5M | Add +1.4% |
| AVUV Avantis US Small Cap Value | 0.87% | 197,882 | $24.7M | Add +5.0% |
| V Visa Inc. Class A | 0.84% | 69,102 | $23.7M | Add +12.4% |
| FRME First Merchants Corp. | 0.80% | 521,994 | $22.8M | Reduce -0.6% |
| BIV Vanguard Intermediate-Term B | 0.79% | 291,886 | $22.4M | Reduce -2.8% |
| VWIUX Vanguard I/T Tax Exmpt-Adm | 0.78% | 1,612,598 | $22.3M | Add +19.3% |
| MFAIX Msif International Adv-I filed as MORGAN STANLEY INTL | 0.73% | 730,548 | $20.8M | Add +5.2% |
| IVE iShares S&P 500 Value ETF | 0.71% | 89,149 | $20.2M | Add +2.9% |
| SYK Stryker Corp. | 0.68% | 61,244 | $19.3M | Add +11.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.66% | 194,223 | $18.8M | Add +3.6% |
| WCMEX WCM Focus Emrg MRKT-Inst | 0.63% | 724,280 | $17.9M | Add +2.5% |
| VIGAX VNGD Mrngst Grwth Idx FD-Adm | 0.62% | 66,054 | $17.6M | Reduce -5.6% |
| WCMIX WCM Focused Intl Growth-Inst | 0.62% | 610,123 | $17.6M | Reduce -2.5% |
| WMT Walmart Inc. | 0.59% | 147,461 | $16.7M | Reduce -15.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.55% | 102,602 | $15.5M | Add +0.1% |
| VBTLX Vanguard TTL BD MKT Idx-Adm | 0.54% | 1,591,509 | $15.4M | Reduce -6.6% |
| FTNT Fortinet Inc. | 0.53% | 97,710 | $15.0M | Reduce -1.6% |
| ABBV Abbvie Inc. | 0.52% | 59,133 | $14.9M | Add +5.5% |
| CB Chubb Ltd. | 0.49% | 40,984 | $14.0M | Reduce -2.0% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.49% | 118,600 | $13.9M | Reduce -1.9% |
| LOW Lowe's Cos Inc. | 0.48% | 61,948 | $13.7M | Reduce -1.3% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.48% | 91,589 | $13.5M | Reduce -1.9% |
| COST Costco Wholesale Corp. | 0.47% | 14,203 | $13.3M | Reduce -15.1% |
| XLK SS Technology Select Sector | 0.46% | 68,432 | $13.0M | Add +0.5% |
| VMLUX Vanguard Ltd. TRM T/E-Adm | 0.45% | 1,167,075 | $12.8M | Add +41.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.45% | 17,007 | $12.7M | Reduce -8.0% |
| JNJ Johnson & Johnson | 0.44% | 49,522 | $12.6M | Reduce -23.9% |
| DODIX Dodge & Cox Income-I | 0.44% | 985,294 | $12.5M | Reduce -14.1% |
| META Meta Platforms Inc. Class A | 0.44% | 21,992 | $12.4M | Reduce -0.9% |
| VFSUX Vanguard S/T Invest GRD-Adm | 0.42% | 1,156,137 | $12.0M | Reduce -9.8% |
| GSY Invesco Ultra Short Duration | 0.41% | 231,733 | $11.6M | Reduce -4.9% |
| SCHW Schwab (charles) Corp. | 0.41% | 124,909 | $11.5M | Add +1.4% |
| CAT Caterpillar Inc. | 0.39% | 10,324 | $11.0M | Add +3.0% |
| VVIAX VNGD Mrgstr Value Idx FD-Adm filed as VANGUARD VALUE INDEX ADM | 0.38% | 128,381 | $10.9M | Reduce -7.0% |
| PG The Procter & Gamble Co. | 0.38% | 74,084 | $10.9M | Add +0.7% |
| BLK BlackRock Inc. | 0.38% | 11,162 | $10.7M | Reduce -1.9% |
| FRANKLIN ELECTRIC | 0.38% | 100,000 | $10.7M | No change |
| CMI Cummins Inc. | 0.37% | 14,657 | $10.5M | Add +8.9% |
| VONV Vanguard Russell 1000 Value | 0.36% | 97,100 | $10.3M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.36% | 102,484 | $10.3M | No change |
| TXN Texas Instruments Inc. | 0.36% | 34,381 | $10.2M | Reduce -3.1% |
| GRANT COUNTY STATE | 0.36% | 8,340 | $10.2M | No change |
| AME Ametek Inc. | 0.36% | 41,958 | $10.2M | Reduce -1.0% |
| IWP iShares Russell Mid-Cap Grow | 0.35% | 68,631 | $10.0M | Add +3.2% |
| MDY State Street SPDR S&P Midcap | 0.35% | 14,160 | $10.0M | Reduce -8.7% |
| LIN Linde PLC | 0.35% | 19,159 | $9.9M | Reduce -6.8% |
| ORLY O'reilly Automotive Inc. | 0.35% | 107,396 | $9.9M | Reduce -1.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.34% | 19,981 | $9.5M | Reduce -0.5% |
| XLV SS Health Care Select Sector | 0.32% | 57,124 | $9.1M | Reduce -1.1% |
| IEMG iShares Core MSCI Emerging | 0.31% | 105,622 | $8.7M | Add +4.2% |
| NOMIX Northern Mid Cap Index | 0.30% | 348,141 | $8.5M | Reduce -4.7% |
| HD Home Depot Inc. | 0.30% | 23,754 | $8.4M | Reduce -1.5% |
| SPGI S&P Global Inc. | 0.28% | 19,391 | $7.9M | Reduce -1.4% |
| VHYAX Vanguard Hi DVD YLD Indx-Adm | 0.28% | 163,933 | $7.8M | Reduce -0.8% |
| IWR iShares Russell Mid-Cap ETF | 0.26% | 68,099 | $7.5M | Reduce -0.7% |
| CSCO Cisco Systems Inc. | 0.26% | 63,695 | $7.5M | Add +0.0% |
| XOM Exxon Mobil Corp. | 0.26% | 53,481 | $7.3M | Reduce -1.5% |
| EOG EOG Resources Inc. | 0.26% | 56,343 | $7.3M | Reduce -2.8% |
| RTX RTX Corp. | 0.26% | 38,495 | $7.3M | Add +3.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 14,398 | $7.2M | Add +3.6% |
| MCD McDonald's Corp. | 0.24% | 25,673 | $6.9M | Reduce -0.9% |
| PEP Pepsico Inc. | 0.24% | 50,424 | $6.8M | Add +1.9% |
| VITAX Vanguard Inf Tech Idx-Adm | 0.24% | 13,773 | $6.7M | Reduce -10.1% |
| PDGIX T Rowe PR Dividend Grow-I | 0.24% | 75,869 | $6.7M | Reduce -6.4% |
| XLY SS Consumer Disc Select Sect | 0.23% | 55,746 | $6.5M | Add +0.8% |
| BAESY Bae Systems PLC -Spon ADR | 0.23% | 66,726 | $6.5M | Reduce -2.5% |
| SCHD Schwab US DVD Equity ETF | 0.22% | 199,885 | $6.3M | Reduce -3.3% |
| DHR Danaher Corp. | 0.22% | 33,263 | $6.3M | Reduce -3.7% |
| IWS iShares Russell Mid-Cap Valu | 0.22% | 37,494 | $6.2M | Add +6.4% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MORGAN STANLEY 4.431 1/23/30 | Fixed Income · principal | 735,000 | $729K | No change |
| INGERSOLL RAND 5.314 6/15/31 | Fixed Income · principal | 425,000 | $434K | Reduce -5.6% |
| MORGAN STANLEY BANK 4.800 DUE | Fixed Income · principal | 75,000 | $75K | No change |
Total filed on the 13F, all lines: $2.8B.
Portfolio Sells Q1 2026 → Q2 2026
| FMPW INST MONEY | Reduce -2.7% | 6.21% | −0.68 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.45 |
| FTRLX Fed Herm TTL RTRN BND-R6 | Reduce -1.1% | 3.33% | −0.31 |
| BSV Vanguard Short-Term Bond ETF | Reduce -1.3% | 2.39% | −0.24 |
| WMT Walmart Inc. | Reduce -15.2% | 0.59% | −0.23 |
| NEE Nextera Energy Inc. | Reduce -56.1% | 0.13% | −0.20 |
| VBIRX Vanguard S/T BND Indx-Adm | Reduce -8.7% | 0.99% | −0.19 |
| FGTXX Gldmn SCHS Fin SQ GV-FST | Reduce -52.3% | 0.14% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -15.1% | 0.47% | −0.17 |
| JNJ Johnson & Johnson | Reduce -23.9% | 0.44% | −0.16 |
| ACN Accenture PLC Class A | Reduce -5.9% | 0.18% | −0.15 |
| AGG iShares Core U.S. Aggregate | Reduce -3.8% | 1.07% | −0.14 |
| DODIX Dodge & Cox Income-I | Reduce -14.1% | 0.44% | −0.12 |
| BIV Vanguard Intermediate-Term B | Reduce -2.8% | 0.79% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -1.5% | 0.26% | −0.09 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.09 |
| VBTLX Vanguard TTL BD MKT Idx-Adm | Reduce -6.6% | 0.54% | −0.09 |
| VFSUX Vanguard S/T Invest GRD-Adm | Reduce -9.8% | 0.42% | −0.09 |
| LOW Lowe's Cos Inc. | Reduce -1.3% | 0.48% | −0.08 |
| GVI iShares Intermediate Governm | Reduce -80.7% | 0.02% | −0.08 |
| BAESY Bae Systems PLC -Spon ADR | Reduce -2.5% | 0.23% | −0.07 |
| COP Conocophillips | Reduce -0.5% | 0.17% | −0.07 |
| MCD McDonald's Corp. | Reduce -0.9% | 0.24% | −0.06 |
| EOG EOG Resources Inc. | Reduce -2.8% | 0.26% | −0.06 |
| GSY Invesco Ultra Short Duration | Reduce -4.9% | 0.41% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -0.9% | 0.44% | −0.05 |
| CPRT Copart Inc. | Reduce -3.5% | 0.13% | −0.04 |
| SPGI S&P Global Inc. | Reduce -1.4% | 0.28% | −0.04 |
| BLK BlackRock Inc. | Reduce -1.9% | 0.38% | −0.04 |
| LIN Linde PLC | Reduce -6.8% | 0.35% | −0.04 |
| XLE SS Energy Select Sector | Reduce -4.0% | 0.12% | −0.04 |
| ORLY O'reilly Automotive Inc. | Reduce -1.6% | 0.35% | −0.03 |
| ABT Abbott Laboratories | Reduce -2.7% | 0.13% | −0.03 |
| NOW ServiceNow Inc. | Reduce -4.5% | 0.17% | −0.03 |
| XLB SS Materials Select Sector | Reduce -11.4% | 0.15% | −0.03 |
| BRO Brown & Brown Inc. | Reduce -4.3% | 0.20% | −0.03 |
| SAP Sap SE-Sponsored ADR | Reduce -12.5% | 0.07% | −0.03 |
| CB Chubb Ltd. | Reduce -2.0% | 0.49% | −0.03 |
| DHR Danaher Corp. | Reduce -3.7% | 0.22% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Reduce -4.5% | 0.20% | −0.02 |
| FUAMX Fidelty Intrm Trsry BND Indx | Reduce -11.1% | 0.10% | −0.02 |
| DIS The Walt Disney Co. | Reduce -7.3% | 0.12% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Reduce -3.3% | 0.22% | −0.02 |
| VVIAX VNGD Mrgstr Value Idx FD-Adm | Reduce -7.0% | 0.38% | −0.02 |
| VFIDX Vanguard I/T Invest GRD-Adm | Reduce -0.6% | 0.20% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -13.4% | 0.18% | −0.02 |
| ADP Automatic Data Processing | Reduce -13.9% | 0.12% | −0.02 |
| VSGDX VNGD SHT-TM Govt Sec Act-Adm | Reduce -8.0% | 0.07% | −0.01 |
| AWK American Water Works Co. Inc. | Reduce -19.6% | 0.03% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -8.7% | 0.35% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| LLY Eli Lilly & Co. | Add +0.5% | 2.13% | +0.37 |
| VGT Vanguard Info Tech ETF | Add +5.6% | 1.40% | +0.35 |
| ETN Eaton Corp. PLC | Add +541.7% | 0.19% | +0.16 |
| IVW iShares S&P 500 Growth ETF | Add +0.5% | 1.24% | +0.14 |
| V Visa Inc. Class A | Add +12.4% | 0.84% | +0.13 |
| VOO Vanguard S&P 500 ETF | Add +2.7% | 1.52% | +0.13 |
| CAT Caterpillar Inc. | Add +3.0% | 0.39% | +0.12 |
| JPM JPMorgan Chase & Co. | Add +9.9% | 1.00% | +0.12 |
| XLK SS Technology Select Sector | Add +0.5% | 0.46% | +0.11 |
| VMLUX Vanguard Ltd. TRM T/E-Adm | Add +41.6% | 0.45% | +0.11 |
| WCMEX WCM Focus Emrg MRKT-Inst | Add +2.5% | 0.63% | +0.10 |
| CMI Cummins Inc. | Add +8.9% | 0.37% | +0.09 |
| INTC Intel Corp. | Add +55.1% | 0.11% | +0.09 |
| VWIUX Vanguard I/T Tax Exmpt-Adm | Add +19.3% | 0.78% | +0.08 |
| UNP Union Pacific Corp. | Add +222.8% | 0.11% | +0.08 |
| JMGRX Janus Hndrsn Enterprise-I | Add +0.3% | 1.06% | +0.08 |
| AVUV Avantis US Small Cap Value | Add +5.0% | 0.87% | +0.08 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.26% | +0.08 |
| VWILX Vanguard Intl Growth-Adm | Add +4.5% | 0.98% | +0.07 |
| MFAIX Msif International Adv-I | Add +5.2% | 0.73% | +0.06 |
| ABBV Abbvie Inc. | Add +5.5% | 0.52% | +0.06 |
| MVCKX MFS Mid Cap Value Fund-R5 | Add +1.4% | 0.93% | +0.04 |
| IEMG iShares Core MSCI Emerging | Add +4.2% | 0.31% | +0.04 |
| IWP iShares Russell Mid-Cap Grow | Add +3.2% | 0.35% | +0.03 |
| GLW Corning Inc. | Add +1.5% | 0.06% | +0.03 |
| PZIEX Pzena Emerg MKTS Val-Inst | Add +7.6% | 0.98% | +0.02 |
| IWS iShares Russell Mid-Cap Valu | Add +6.4% | 0.22% | +0.02 |
| VPMAX Vanguard Primecap Fund-Adm | Add +9.3% | 0.08% | +0.02 |
| AMD Advanced Micro Devices | New | 0.02% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +3.4% | 0.20% | +0.02 |
| EEM iShares MSCI Emerging Market | Add +9.4% | 0.10% | +0.02 |
| IVE iShares S&P 500 Value ETF | Add +2.9% | 0.71% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.6% | 0.66% | +0.01 |
| CNI Canadian Natl Railway Co. | Add +63.9% | 0.03% | +0.01 |
| MRVL Marvell Technology Inc. | New | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | New | 0.01% | +0.01 |
| CFR Cullen/Frost Bankers Inc. | Add +1.1% | 0.21% | +0.01 |
| TWLO Twilio Inc. Class A | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +24.0% | 0.05% | +0.01 |
| KLAC KLA Corp. | New | 0.01% | +0.01 |
| CVS CVS Health Corp. | Add +68.8% | 0.02% | +0.01 |
| NSRGY Nestle SA-Spons ADR | New | 0.01% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.7% | 0.22% | +0.01 |
| XLI SS Industrial Select Sector | Add +0.2% | 0.16% | +0.01 |
| VEXAX Vanguard Ext MKT Indx-Adm | Add +7.5% | 0.06% | +0.01 |
| VTIAX Vanguard TTL Int St Idx-Adm | Add +17.8% | 0.05% | +0.01 |
| PWR Quanta Services Inc. | New | 0.01% | +0.01 |
| ITOT iShares Core S&P Total U.S. | New | 0.01% | +0.01 |
| KEY Keycorp | New | 0.01% | +0.01 |
| LUBAX Lord Abbtt Ultr SHRT BND-A | New | 0.01% | +0.01 |
Notes & Other Activity Q1 2026 → Q2 2026
| INGERSOLL RAND 5.314 6/15/31 | Fixed Income · principal | Reduce -5.6% | 425,000 | $434K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 358 | $2.8B | FMPW INST MONEY, VFIAX, SRBRX, FTRLX, VIMAX |
| Q1 2026 | 356 | $2.6B | FMPW INST MONEY, VFIAX, SRBRX, FTRLX, BSV |
| Q4 2025 | 367 | $2.7B | FMPW INST MONEY, VFIAX, FTRLX, SRBRX, VIMAX |
| Q3 2025 | 370 | $2.7B | FMPW INST MONEY, VFIAX, FTRLX, SRBRX, VIMAX |
| Q2 2025 | 368 | $2.6B | FMPW INST MONEY, VFIAX, FTRLX, SRBRX, VIMAX |
| Q1 2025 | 374 | $2.5B | FMPW INST MONEY, VFIAX, FTRLX, SRBRX, BSV |
| Q4 2024 | 398 | $2.6B | FMPW INST MONEY, VFIAX, FTRLX, SRBRX, AGG |
| Q3 2024 | 396 | $2.6B | FMPW INST MONEY, VFIAX, SRBRX, FTRLX, AGG |
| Q2 2024 | 372 | $2.5B | FMPW INST MONEY, VFIAX, SRBRX, FTRLX, AGG |
| Q1 2024 | 215 | $1.3B | AGG, MSFT, AAPL, LLY, IJR |