First Merchants Corp.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 25, 2024), First Merchants Corp. reported 215 stock positions worth $1.3 billion. Its top holding was iShares Core U.S. Aggregate (AGG) at 4.3% of the portfolio, followed by Microsoft (MSFT, 3.3%) and Apple (AAPL, 3.0%). Compared with Q4 2023, it opened 14 new positions, sold out of 10, added to 76 and reduced 103. The biggest buy was Nvidia (NVDA, shares +15%) and the biggest sale Vanguard Real Estate ETF (VNQ, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- Muncie, IN
- CIK
- 0000712534
- Portfolio Value
- $1.3B (Q1 2024)
- SEC Filing
- 0000712534-24-000159 ↗ filed Apr 25, 2024
Holdings Value
Holdings 215 stocks · $1.3B
| AGG iShares Core U.S. Aggregate | 4.30% | 583,517 | $57.1M | Add +13.0% |
| MSFT Microsoft Corp. | 3.34% | 105,480 | $44.4M | Add +6.7% |
| AAPL Apple Inc. | 3.03% | 234,901 | $40.3M | Add +5.1% |
| LLY Eli Lilly & Co. | 3.02% | 51,627 | $40.2M | Add +1.6% |
| IJR iShares Core S&P Small-Cap E | 2.48% | 298,886 | $33.0M | Reduce -6.6% |
| GOOGL Alphabet Inc. Class A | 2.29% | 201,644 | $30.4M | Add +8.1% |
| AVGO Broadcom Inc. | 2.20% | 22,035 | $29.2M | Add +0.6% |
| IYW iShares Ustechnology ETF | 2.14% | 210,805 | $28.5M | Reduce -10.5% |
| IVW iShares S&P 500 Growth ETF | 2.00% | 314,702 | $26.6M | Reduce -2.6% |
| VGT Vanguard Info Tech ETF | 1.98% | 50,325 | $26.4M | Reduce -2.4% |
| SYK Stryker Corp. | 1.66% | 61,649 | $22.1M | Reduce -0.7% |
| VOO Vanguard S&P 500 ETF | 1.57% | 43,520 | $20.9M | Add +8.1% |
| AMZN Amazon.com Inc. | 1.56% | 115,333 | $20.8M | Add +11.9% |
| GSY Invesco Ultra Short Duration | 1.53% | 407,245 | $20.3M | Reduce -3.0% |
| V Visa Inc. Class A | 1.48% | 70,657 | $19.7M | Reduce -1.7% |
| COST Costco Wholesale Corp. | 1.37% | 24,831 | $18.2M | Reduce -2.4% |
| LOW Lowe's Cos Inc. | 1.31% | 68,653 | $17.5M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 1.31% | 35,343 | $17.5M | Add +4.3% |
| LRCX Lam Research Corp. | 1.30% | 17,839 | $17.3M | Reduce -0.8% |
| IVE iShares S&P 500 Value ETF | 1.29% | 91,530 | $17.1M | Add +3.3% |
| NVDA Nvidia Corp. | 1.26% | 18,543 | $16.8M | Add +14.7% |
| ACN Accenture PLC Class A | 1.23% | 47,004 | $16.3M | Reduce -0.1% |
| PEP Pepsico Inc. | 1.19% | 90,212 | $15.8M | Add +2.1% |
| APH Amphenol Corp. Class A | 1.14% | 131,150 | $15.1M | Add +0.4% |
| IJJ iShares S&P Mid-Cap 400 Valu | 1.13% | 126,550 | $15.0M | Reduce -14.4% |
| IJK iShares S&P Mid-Cap 400 Grow | 1.05% | 152,703 | $13.9M | Reduce -17.0% |
| BIV Vanguard Intermediate-Term B | 0.99% | 175,072 | $13.2M | Add +6.6% |
| ADP Automatic Data Processing | 0.97% | 51,550 | $12.9M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.93% | 29,548 | $12.4M | Add +3.0% |
| CB Chubb Ltd. | 0.93% | 47,697 | $12.4M | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.93% | 78,081 | $12.4M | Add +1.7% |
| JPM JPMorgan Chase & Co. | 0.92% | 61,142 | $12.2M | Add +7.3% |
| WMT Walmart Inc. | 0.90% | 197,834 | $11.9M | Add +10.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.86% | 113,243 | $11.5M | Reduce -1.2% |
| HD Home Depot Inc. | 0.84% | 29,200 | $11.2M | Add +4.8% |
| SCHD Schwab US DVD Equity ETF | 0.84% | 138,501 | $11.2M | Reduce -5.0% |
| DHR Danaher Corp. | 0.83% | 44,385 | $11.1M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.82% | 67,449 | $10.9M | Add +3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.78% | 19,803 | $10.4M | Add +3.1% |
| MDY State Street SPDR S&P Midcap | 0.77% | 18,422 | $10.2M | Reduce -0.1% |
| XLV SS Health Care Select Sector | 0.77% | 69,203 | $10.2M | Reduce -5.4% |
| BLK BlackRock Finance Inc. | 0.76% | 12,172 | $10.1M | Add +3.8% |
| SCHW Schwab (charles) Corp. | 0.74% | 135,223 | $9.8M | Reduce -0.9% |
| CMCSA Comcast Corp. Class A | 0.73% | 225,059 | $9.8M | Add +0.7% |
| MCHP Microchip Technology Inc. | 0.73% | 108,388 | $9.7M | Reduce -1.2% |
| LIN Linde PLC | 0.73% | 20,838 | $9.7M | Add +3.6% |
| BSV Vanguard Short-Term Bond ETF | 0.71% | 123,144 | $9.4M | Reduce -17.1% |
| NOW ServiceNow Inc. | 0.69% | 11,957 | $9.1M | Add +0.2% |
| CVX Chevron Corp. | 0.63% | 53,004 | $8.4M | Add +3.4% |
| EOG EOG Resources Inc. | 0.63% | 65,131 | $8.3M | Reduce -1.4% |
| XLK SS Technology Select Sector | 0.59% | 37,815 | $7.9M | Add +7.7% |
| ABT Abbott Laboratories | 0.59% | 69,086 | $7.9M | Reduce -4.7% |
| XLP SS Consumer Staples Sel Sect | 0.59% | 102,778 | $7.8M | Reduce -3.9% |
| ORLY O'reilly Automotive Inc. | 0.57% | 6,687 | $7.5M | Add +8.3% |
| IWR iShares Russell Mid-Cap ETF | 0.56% | 89,010 | $7.5M | Reduce -3.6% |
| GGG Graco Inc. | 0.55% | 78,759 | $7.4M | Add +0.7% |
| LHX L3HARRIS Technologies Inc. | 0.55% | 34,466 | $7.3M | Reduce -4.3% |
| LMT Lockheed Martin Corp. | 0.54% | 15,871 | $7.2M | Add +5.8% |
| IWP iShares Russell Mid-Cap Grow | 0.54% | 62,730 | $7.2M | Add +1.8% |
| ADBE Adobe Inc. | 0.54% | 14,178 | $7.2M | Reduce -16.0% |
| EW Edwards Lifesciences Corp. | 0.53% | 73,871 | $7.1M | Reduce -1.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.51% | 124,433 | $6.8M | Add +1.8% |
| COP Conocophillips | 0.50% | 52,259 | $6.7M | Add +0.9% |
| FTNT Fortinet Inc. | 0.50% | 96,669 | $6.6M | Reduce -1.2% |
| HON Honeywell International Inc. | 0.49% | 31,816 | $6.5M | Add +1.9% |
| AMP Ameriprise Financial Inc. | 0.49% | 14,772 | $6.5M | Reduce -5.6% |
| TXN Texas Instruments Inc. | 0.48% | 37,018 | $6.4M | Add +3.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.48% | 85,265 | $6.3M | Add +1684.2% |
| MCD McDonald's Corp. | 0.48% | 22,416 | $6.3M | Add +11.9% |
| BNDX Vanguard Total Intl Bond ETF | 0.47% | 127,134 | $6.3M | Add +1.7% |
| CAT Caterpillar Inc. | 0.47% | 16,942 | $6.2M | Reduce -0.7% |
| CMI Cummins Inc. | 0.47% | 21,050 | $6.2M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 0.46% | 123,792 | $6.2M | Reduce -0.3% |
| CPRT Copart Inc. | 0.45% | 104,253 | $6.0M | Add +1.9% |
| XLY SS Consumer Disc Select Sect | 0.45% | 32,622 | $6.0M | Reduce -4.9% |
| XLB SS Materials Select Sector | 0.45% | 64,548 | $6.0M | Reduce -2.0% |
| NEE Nextera Energy Inc. | 0.44% | 92,448 | $5.9M | Add +6.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.44% | 23,495 | $5.9M | Reduce -1.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.43% | 25,005 | $5.7M | Reduce -1.6% |
| CTVA Corteva Inc. | 0.43% | 98,313 | $5.7M | Add +0.2% |
| XLRE SS Real Estate Select Sector | 0.43% | 143,315 | $5.7M | Add +611.7% |
| RTX RTX Corp. | 0.42% | 57,221 | $5.6M | Reduce -2.4% |
| IWM iShares Russell 2000 ETF | 0.42% | 26,278 | $5.5M | Reduce -23.4% |
| SPGI S&P Global Inc. | 0.41% | 12,831 | $5.5M | Add +12.2% |
| ABBV Abbvie Inc. | 0.40% | 29,419 | $5.4M | Add +9.5% |
| CFR Cullen/Frost Bankers Inc. | 0.40% | 47,526 | $5.3M | Reduce -1.7% |
| IJH iShares Core S&P Midcap ETF | 0.40% | 87,496 | $5.3M | Reduce -2.3% |
| AME Ametek Inc. | 0.38% | 27,332 | $5.0M | Add +4.1% |
| XLF SS Financial Select Sector | 0.36% | 113,718 | $4.8M | Reduce -2.6% |
| XLC SS Comm Select Sector SPDR | 0.35% | 57,513 | $4.7M | Reduce -9.8% |
| VZ Verizon Communications Inc. | 0.34% | 107,737 | $4.5M | Reduce -0.4% |
| OMC Omnicom Group | 0.34% | 46,228 | $4.5M | Reduce -5.7% |
| SCHY Schwab International DVD ETF | 0.33% | 182,234 | $4.4M | Reduce -0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 36,073 | $4.4M | Add +8.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.31% | 60,859 | $4.1M | Add +5.3% |
| IJS iShares S&P Small-Cap 600 Va | 0.31% | 39,890 | $4.1M | Reduce -20.1% |
| IJT iShares S&P Small-Cap 600 GR | 0.30% | 30,942 | $4.0M | Reduce -21.0% |
| IWD iShares Russell 1000 Value E | 0.30% | 22,383 | $4.0M | Add +26.6% |
| LNT Alliant Energy Corp. | 0.28% | 74,478 | $3.8M | Add +0.5% |
| XOM Exxon Mobil Corp. | 0.28% | 32,051 | $3.7M | Add +6.9% |
Portfolio Sells Q4 2023 → Q1 2024
| VNQ Vanguard Real Estate ETF | Reduce -60.1% | 0.20% | −0.37 |
| IJR iShares Core S&P Small-Cap E | Reduce -6.6% | 2.48% | −0.36 |
| ADBE Adobe Inc. | Reduce -16.0% | 0.54% | −0.29 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -14.4% | 1.13% | −0.26 |
| IYW iShares Ustechnology ETF | Reduce -10.5% | 2.14% | −0.23 |
| BSV Vanguard Short-Term Bond ETF | Reduce -17.1% | 0.71% | −0.23 |
| GSY Invesco Ultra Short Duration | Reduce -3.0% | 1.53% | −0.19 |
| O Realty Income Corp. | Sold out | 0.00% | −0.17 |
| IWM iShares Russell 2000 ETF | Reduce -23.4% | 0.42% | −0.15 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -17.0% | 1.05% | −0.15 |
| KMB Kimberly-Clark Corp. | Reduce -84.5% | 0.02% | −0.14 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.14 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.13 |
| ACN Accenture PLC Class A | Reduce -0.1% | 1.23% | −0.13 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -20.1% | 0.31% | −0.11 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -21.0% | 0.30% | −0.10 |
| SJM The JM Smucker Co. | Reduce -72.2% | 0.03% | −0.08 |
| MCHP Microchip Technology Inc. | Reduce -1.2% | 0.73% | −0.08 |
| SCHD Schwab US DVD Equity ETF | Reduce -5.0% | 0.84% | −0.07 |
| LHX L3HARRIS Technologies Inc. | Reduce -4.3% | 0.55% | −0.07 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.07 |
| FRME First Merchants Corp. | Reduce -7.2% | 0.27% | −0.07 |
| ABT Abbott Laboratories | Reduce -4.7% | 0.59% | −0.06 |
| VGT Vanguard Info Tech ETF | Reduce -2.4% | 1.98% | −0.06 |
| INTC Intel Corp. | Reduce -8.5% | 0.15% | −0.05 |
| VYM Vanguard High DVD Yield ETF | Reduce -22.7% | 0.17% | −0.05 |
| XLY SS Consumer Disc Select Sect | Reduce -4.9% | 0.45% | −0.05 |
| V Visa Inc. Class A | Reduce -1.7% | 1.48% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -0.3% | 0.46% | −0.05 |
| XLV SS Health Care Select Sector | Reduce -5.4% | 0.77% | −0.05 |
| SBUX Starbucks Corp. | Reduce -9.3% | 0.19% | −0.05 |
| PSA Public Storage | Reduce -63.7% | 0.02% | −0.05 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.05 |
| PFE Pfizer Inc. | Reduce -41.5% | 0.05% | −0.04 |
| AMGN Amgen Inc. | Reduce -4.6% | 0.27% | −0.04 |
| XLP SS Consumer Staples Sel Sect | Reduce -3.9% | 0.59% | −0.04 |
| SCHY Schwab International DVD ETF | Reduce -0.5% | 0.33% | −0.04 |
| ADP Automatic Data Processing | Reduce -2.0% | 0.97% | −0.04 |
| IYZ iShares US Telecommunication | Sold out | 0.00% | −0.03 |
| TROW T Rowe Price Group Inc. | Reduce -18.1% | 0.20% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -0.9% | 0.74% | −0.03 |
| AWK American Water Works Co. Inc. | Reduce -2.6% | 0.16% | −0.03 |
| EOG EOG Resources Inc. | Reduce -1.4% | 0.63% | −0.03 |
| CFR Cullen/Frost Bankers Inc. | Reduce -1.7% | 0.40% | −0.03 |
| XLC SS Comm Select Sector SPDR | Reduce -9.8% | 0.35% | −0.03 |
| CNI Canadian Natl Railway Co. | Reduce -10.7% | 0.16% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -14.5% | 0.11% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -3.6% | 0.56% | −0.03 |
| BDX Becton Dickinson and Co. | Reduce -5.2% | 0.17% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -5.5% | 0.19% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +14.7% | 1.26% | +0.60 |
| LLY Eli Lilly & Co. | Add +1.6% | 3.02% | +0.59 |
| IEFA iShares Core MSCI Eafe ETF | Add +1684.2% | 0.48% | +0.45 |
| XLRE SS Real Estate Select Sector | Add +611.7% | 0.43% | +0.36 |
| MSFT Microsoft Corp. | Add +6.7% | 3.34% | +0.29 |
| AMZN Amazon.com Inc. | Add +11.9% | 1.56% | +0.28 |
| META Meta Platforms Inc. Class A | New | 0.27% | +0.27 |
| IWS iShares Russell Mid-Cap Valu | Add +1217.6% | 0.22% | +0.20 |
| AVGO Broadcom Inc. | Add +0.6% | 2.20% | +0.19 |
| GOOGL Alphabet Inc. Class A | Add +8.1% | 2.29% | +0.15 |
| VOO Vanguard S&P 500 ETF | Add +8.1% | 1.57% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +7.3% | 0.92% | +0.13 |
| WMT Walmart Inc. | Add +10.2% | 0.90% | +0.12 |
| AGG iShares Core U.S. Aggregate | Add +13.0% | 4.30% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.0% | 0.93% | +0.10 |
| ORLY O'reilly Automotive Inc. | Add +8.3% | 0.57% | +0.09 |
| DIS The Walt Disney Co. | Add +8.0% | 0.33% | +0.08 |
| APH Amphenol Corp. Class A | Add +0.4% | 1.14% | +0.08 |
| MS Morgan Stanley | New | 0.06% | +0.06 |
| IWD iShares Russell 1000 Value E | Add +26.6% | 0.30% | +0.06 |
| ABBV Abbvie Inc. | Add +9.5% | 0.40% | +0.06 |
| MA Mastercard Inc. Class A | New | 0.06% | +0.06 |
| ETN Eaton Corp. PLC | New | 0.05% | +0.05 |
| HD Home Depot Inc. | Add +4.8% | 0.84% | +0.05 |
| LIN Linde PLC | Add +3.6% | 0.73% | +0.05 |
| CRM Salesforce Inc. | Add +191.7% | 0.07% | +0.05 |
| SHW The Sherwin-Williams Co. | New | 0.05% | +0.05 |
| AMAT Applied Materials Inc. | New | 0.05% | +0.05 |
| CPRT Copart Inc. | Add +1.9% | 0.45% | +0.04 |
| CTVA Corteva Inc. | Add +0.2% | 0.43% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +127.0% | 0.07% | +0.04 |
| XLK SS Technology Select Sector | Add +7.7% | 0.59% | +0.04 |
| ITW Illinois Tool Works | New | 0.04% | +0.04 |
| PG The Procter & Gamble Co. | Add +3.1% | 0.82% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +125.3% | 0.07% | +0.04 |
| WM Waste Management Inc. | Add +80.2% | 0.07% | +0.04 |
| XOM Exxon Mobil Corp. | Add +6.9% | 0.28% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.1% | 0.78% | +0.03 |
| BKNG Booking Holdings Inc. | New | 0.03% | +0.03 |
| KO The Coca-Cola Co. | Add +32.6% | 0.14% | +0.03 |
| DE Deere & Co. | Add +31.8% | 0.14% | +0.03 |
| MPC Marathon Petroleum Corp. | New | 0.03% | +0.03 |
| ZTS Zoetis Inc. | New | 0.02% | +0.02 |
| AEP American Electric Power | New | 0.02% | +0.02 |
| IVE iShares S&P 500 Value ETF | Add +3.3% | 1.29% | +0.02 |
| AME Ametek Inc. | Add +4.1% | 0.38% | +0.02 |
| BALL Ball Corp. | Add +2.5% | 0.21% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | New | 0.02% | +0.02 |
| HUBB Hubbell Inc. | New | 0.02% | +0.02 |
| HDV iShares Core High Dividend E | New | 0.02% | +0.02 |
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 |