First Merchants Corp.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 16, 2026), First Merchants Corp. reported 356 stock positions worth $2.6 billion. Its top holding was FMPW Inst Money at 6.9% of the portfolio, followed by Vanguard 500 Index-Adm (VFIAX, 4.9%) and Federated SHRT-Intrm TTL-R6 (SRBRX, 3.7%). Compared with Q4 2025, it opened 7 new positions, sold out of 18, added to 92 and reduced 170. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale FMPW Inst Money (shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- Muncie, IN
- CIK
- 0000712534
- Portfolio Value
- $2.6B (Q1 2026)
- SEC Filing
- 0000712534-26-000029 ↗ filed Apr 16, 2026
Holdings Value
Holdings 356 stocks · $2.6B
| FMPW INST MONEY | 6.89% | 181,142,415 | $181.1M | Reduce -12.9% |
| VFIAX Vanguard 500 Index-Adm | 4.87% | 212,425 | $128.0M | Reduce -0.6% |
| SRBRX Federated SHRT-Intrm TTL-R6 filed as FED SH INTRM TTL BD | 3.73% | 9,655,943 | $97.9M | Add +8.0% |
| FTRLX Fed Herm TTL RTRN BND-R6 filed as FED TTL RET BD CL R6 | 3.64% | 10,109,081 | $95.5M | Add +5.2% |
| BSV Vanguard Short-Term Bond ETF | 2.64% | 883,399 | $69.3M | Add +9.2% |
| VIMAX VNGD Mrngst MD-CP Idx FD-Adm | 2.40% | 176,938 | $62.9M | Reduce -2.3% |
| GOOGL Alphabet Inc. Class A | 1.99% | 182,160 | $52.4M | Reduce -2.7% |
| SFNNX Schwab Fndmnl Intl LRG Comp | 1.97% | 3,458,175 | $51.6M | Add +2.6% |
| AAPL Apple Inc. | 1.94% | 201,048 | $51.0M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 1.76% | 50,192 | $46.2M | Reduce -0.6% |
| AVGO Broadcom Inc. | 1.63% | 137,951 | $42.7M | Reduce -7.8% |
| VEIRX Vanguard Equity Income-Adm | 1.44% | 403,280 | $37.8M | Add +2.8% |
| MSFT Microsoft Corp. | 1.42% | 100,593 | $37.2M | Reduce -4.3% |
| VOO Vanguard S&P 500 ETF | 1.39% | 61,028 | $36.5M | Add +8.4% |
| FCNTX Fidelity Contrafund | 1.32% | 1,514,124 | $34.8M | Add +0.8% |
| NUSFX Northern Ultra-SHRT Fix Inc. filed as NORTH ULT-SH FIX INC | 1.29% | 3,284,171 | $33.9M | Add +6.3% |
| AGG iShares Core U.S. Aggregate | 1.20% | 317,722 | $31.5M | Reduce -0.7% |
| VBIRX Vanguard S/T BND Indx-Adm | 1.18% | 3,012,817 | $30.9M | Add +6.3% |
| IYW iShares Ustechnology ETF | 1.14% | 165,820 | $30.1M | Reduce -2.5% |
| NVDA Nvidia Corp. | 1.13% | 169,607 | $29.6M | Add +1.1% |
| IVW iShares S&P 500 Growth ETF | 1.10% | 255,627 | $28.9M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 1.08% | 136,028 | $28.3M | Add +3.9% |
| VGT Vanguard Info Tech ETF | 1.04% | 39,254 | $27.4M | Add +0.7% |
| IJR iShares Core S&P Small-Cap E | 1.01% | 212,491 | $26.4M | Reduce -2.6% |
| JMGRX Janus Hndrsn Enterprise-I | 0.98% | 192,510 | $25.9M | Add +6.1% |
| PZIEX Pzena Emerg MKTS Val-Inst | 0.96% | 1,574,366 | $25.2M | Add +25.6% |
| APH Amphenol Corp. Class A | 0.92% | 190,281 | $24.0M | Reduce -8.8% |
| VSMAX Vangrd Mrgstr SML CP Idx-Adm | 0.91% | 190,251 | $23.9M | Reduce -5.0% |
| VWILX Vanguard Intl Growth-Adm | 0.91% | 220,321 | $23.8M | Add +11.7% |
| MVCKX MFS Mid Cap Value Fund-R5 | 0.89% | 740,400 | $23.4M | Add +9.0% |
| JPM JPMorgan Chase & Co. | 0.89% | 79,087 | $23.3M | Reduce -1.9% |
| BIV Vanguard Intermediate-Term B | 0.88% | 300,213 | $23.2M | Add +2.2% |
| LRCX Lam Research Corp. | 0.84% | 103,767 | $22.2M | Reduce -24.8% |
| WMT Walmart Inc. | 0.82% | 173,983 | $21.6M | Reduce -1.5% |
| AVUV Avantis US Small Cap Value | 0.79% | 188,387 | $20.8M | Add +7.6% |
| FRME First Merchants Corp. | 0.77% | 525,158 | $20.3M | Reduce -1.8% |
| V Visa Inc. Class A | 0.71% | 61,476 | $18.6M | Reduce -0.0% |
| VWIUX Vanguard I/T Tax Exmpt-Adm | 0.70% | 1,351,821 | $18.5M | Add +7.0% |
| IVE iShares S&P 500 Value ETF | 0.70% | 86,659 | $18.3M | Reduce -0.2% |
| SYK Stryker Corp. | 0.69% | 54,786 | $18.0M | Reduce -2.6% |
| MFAIX Msif International Adv-I filed as MORGAN STANLEY INTL | 0.67% | 694,142 | $17.7M | Add +12.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.65% | 187,554 | $17.0M | Add +13.2% |
| COST Costco Wholesale Corp. | 0.63% | 16,723 | $16.7M | Reduce -0.8% |
| VBTLX Vanguard TTL BD MKT Idx-Adm | 0.63% | 1,703,500 | $16.5M | Add +3.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.62% | 102,452 | $16.4M | Reduce -2.9% |
| JNJ Johnson & Johnson | 0.61% | 65,109 | $15.9M | Add +0.4% |
| VIGAX VNGD Mrngst Grwth Idx FD-Adm | 0.60% | 69,962 | $15.7M | Reduce -2.9% |
| WCMIX WCM Focused Intl Growth-Inst | 0.59% | 626,038 | $15.4M | Reduce -2.0% |
| LOW Lowe's Cos Inc. | 0.56% | 62,768 | $14.8M | Reduce -1.3% |
| DODIX Dodge & Cox Income-I | 0.56% | 1,147,545 | $14.6M | Add +2.9% |
| WCMEX WCM Focus Emrg MRKT-Inst | 0.53% | 706,374 | $14.0M | Add +7.7% |
| CB Chubb Ltd. | 0.52% | 41,811 | $13.6M | Reduce -3.4% |
| VFSUX Vanguard S/T Invest GRD-Adm | 0.51% | 1,282,482 | $13.4M | Add +1.8% |
| META Meta Platforms Inc. Class A | 0.48% | 22,190 | $12.7M | Add +3.3% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.47% | 93,337 | $12.4M | Reduce -2.2% |
| GSY Invesco Ultra Short Duration | 0.46% | 243,677 | $12.2M | Add +0.4% |
| ABBV Abbvie Inc. | 0.46% | 56,043 | $12.2M | Reduce -0.5% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.46% | 120,837 | $12.2M | Reduce -2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 18,490 | $12.0M | Reduce -1.4% |
| HON Honeywell International Inc. | 0.45% | 51,911 | $11.7M | Add +2.2% |
| SCHW Schwab (charles) Corp. | 0.44% | 123,245 | $11.6M | Add +2.9% |
| BLK BlackRock Inc. | 0.42% | 11,373 | $10.9M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.40% | 73,584 | $10.6M | Add +6.4% |
| VVIAX VNGD Mrgstr Value Idx FD-Adm filed as VANGUARD VALUE INDEX ADM | 0.40% | 138,096 | $10.6M | Reduce -5.6% |
| SGOV iShares 0-3 Month Treasury B | 0.39% | 102,484 | $10.3M | New |
| LIN Linde PLC | 0.39% | 20,561 | $10.2M | Add +6.4% |
| GRANT COUNTY STATE | 0.39% | 8,340 | $10.2M | Reduce -2.7% |
| ORLY O'reilly Automotive Inc. | 0.38% | 109,096 | $10.1M | Add +3.7% |
| MDY State Street SPDR S&P Midcap | 0.36% | 15,514 | $9.6M | Reduce -0.3% |
| FRANKLIN ELECTRIC | 0.35% | 100,000 | $9.2M | No change |
| XOM Exxon Mobil Corp. | 0.35% | 54,287 | $9.2M | Reduce -0.1% |
| VONV Vanguard Russell 1000 Value | 0.35% | 97,100 | $9.1M | Add +11.0% |
| AME Ametek Inc. | 0.35% | 42,398 | $9.1M | Add +10.8% |
| XLK SS Technology Select Sector | 0.34% | 68,091 | $9.0M | Add +4.4% |
| VMLUX Vanguard Ltd. TRM T/E-Adm | 0.34% | 823,891 | $9.0M | Add +2.1% |
| ACN Accenture PLC Class A | 0.33% | 44,297 | $8.8M | Add +0.0% |
| NEE Nextera Energy Inc. | 0.33% | 93,087 | $8.6M | Reduce -0.5% |
| IWP iShares Russell Mid-Cap Grow | 0.32% | 66,500 | $8.5M | Reduce -3.2% |
| XLV SS Health Care Select Sector | 0.32% | 57,781 | $8.5M | Reduce -15.5% |
| EOG EOG Resources Inc. | 0.32% | 57,967 | $8.4M | Reduce -1.9% |
| SPGI S&P Global Inc. | 0.32% | 19,667 | $8.4M | Add +18.4% |
| FGTXX Gldmn SCHS Fin SQ GV-FST filed as GS FIN SQ GOVT | 0.31% | 8,234,271 | $8.2M | Add +15.6% |
| FTNT Fortinet Inc. | 0.31% | 99,272 | $8.1M | Add +4.5% |
| MCD McDonald's Corp. | 0.31% | 25,895 | $8.0M | Add +5.2% |
| BAESY Bae Systems PLC -Spon ADR | 0.30% | 68,422 | $7.9M | Add +1.3% |
| HD Home Depot Inc. | 0.30% | 24,125 | $7.9M | Reduce -2.7% |
| NOMIX Northern Mid Cap Index | 0.30% | 365,315 | $7.8M | Reduce -7.6% |
| PEP Pepsico Inc. | 0.29% | 49,458 | $7.7M | Reduce -3.6% |
| VHYAX Vanguard Hi DVD YLD Indx-Adm | 0.28% | 165,345 | $7.4M | Reduce -2.6% |
| CMI Cummins Inc. | 0.28% | 13,453 | $7.2M | Reduce -4.4% |
| RTX RTX Corp. | 0.27% | 37,158 | $7.2M | Reduce -5.2% |
| CAT Caterpillar Inc. | 0.27% | 10,019 | $7.1M | Reduce -5.3% |
| CVX Chevron Corp. | 0.27% | 34,192 | $7.1M | Reduce -5.0% |
| IEMG iShares Core MSCI Emerging | 0.27% | 101,361 | $7.1M | Add +17.7% |
| TXN Texas Instruments Inc. | 0.26% | 35,468 | $6.9M | Reduce -8.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 20,082 | $6.8M | Add +21.6% |
| IWR iShares Russell Mid-Cap ETF | 0.25% | 68,550 | $6.7M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 13,897 | $6.7M | Reduce -6.5% |
| PDGIX T Rowe PR Dividend Grow-I | 0.25% | 81,073 | $6.6M | Reduce -1.4% |
| DHR Danaher Corp. | 0.25% | 34,539 | $6.5M | Add +0.8% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MORGAN STANLEY 4.431 1/23/30 | Fixed Income · principal | 735,000 | $732K | Add +16.7% |
| INGERSOLL RAND 5.314 6/15/31 | Fixed Income · principal | 450,000 | $462K | No change |
| MORGAN STANLEY BANK 4.800 DUE | Fixed Income · principal | 75,000 | $76K | No change |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q4 2025 → Q1 2026
| FMPW INST MONEY | Reduce -12.9% | 6.89% | −0.81 |
| MSFT Microsoft Corp. | Reduce -4.3% | 1.42% | −0.47 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.33 |
| AVGO Broadcom Inc. | Reduce -7.8% | 1.63% | −0.29 |
| ADP Automatic Data Processing | Reduce -59.9% | 0.14% | −0.29 |
| LLY Eli Lilly & Co. | Reduce -0.6% | 1.76% | −0.25 |
| GOOGL Alphabet Inc. Class A | Reduce -2.7% | 1.99% | −0.18 |
| VFIAX Vanguard 500 Index-Adm | Reduce -0.6% | 4.87% | −0.13 |
| APH Amphenol Corp. Class A | Reduce -8.8% | 0.92% | −0.13 |
| IYW iShares Ustechnology ETF | Reduce -2.5% | 1.14% | −0.11 |
| AAPL Apple Inc. | Reduce -1.2% | 1.94% | −0.11 |
| IVW iShares S&P 500 Growth ETF | Reduce -2.2% | 1.10% | −0.09 |
| V Visa Inc. Class A | Reduce -0.0% | 0.71% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -1.9% | 0.89% | −0.08 |
| VIGAX VNGD Mrngst Grwth Idx FD-Adm | Reduce -2.9% | 0.60% | −0.07 |
| AMP Ameriprise Financial Inc. | Reduce -30.1% | 0.13% | −0.07 |
| XLV SS Health Care Select Sector | Reduce -15.5% | 0.32% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -66.4% | 0.03% | −0.06 |
| ADBE Adobe Inc. | Reduce -69.4% | 0.01% | −0.05 |
| SYK Stryker Corp. | Reduce -2.6% | 0.69% | −0.05 |
| ABT Abbott Laboratories | Reduce -7.2% | 0.16% | −0.04 |
| ALC Alcon Inc. | Sold out | 0.00% | −0.03 |
| LRCX Lam Research Corp. | Reduce -24.8% | 0.84% | −0.03 |
| 13600 SINGING HILLS TRAIL | Sold out | 0.00% | −0.03 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.03 |
| VITAX Vanguard Inf Tech Idx-Adm | Reduce -7.1% | 0.21% | −0.03 |
| MS Morgan Stanley | Reduce -54.4% | 0.02% | −0.02 |
| IWP iShares Russell Mid-Cap Grow | Reduce -3.2% | 0.32% | −0.02 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.5% | 0.25% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -12.2% | 0.10% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -2.2% | 0.23% | −0.02 |
| WM Waste Management Inc. | Reduce -68.4% | 0.01% | −0.02 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -5.9% | 0.19% | −0.02 |
| VHCIX Vanguard Health Care Idx-Adm | Reduce -22.8% | 0.05% | −0.02 |
| VIMAX VNGD Mrngst MD-CP Idx FD-Adm | Reduce -2.3% | 2.40% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -11.0% | 0.19% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 0.46% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -32.4% | 0.03% | −0.02 |
| RUDISILL CENTER RLTY | Sold out | 0.00% | −0.01 |
| ORCL Oracle Corp. | Reduce -1.6% | 0.05% | −0.01 |
| HD Home Depot Inc. | Reduce -2.7% | 0.30% | −0.01 |
| ABBV Abbvie Inc. | Reduce -0.5% | 0.46% | −0.01 |
| TBCIX T Rowe PR Blue Chip Grow-I | Reduce -3.2% | 0.10% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -45.1% | 0.02% | −0.01 |
| OMC Omnicom Group | Reduce -24.6% | 0.03% | −0.01 |
| VCSAX Vanguard Con Staples Idx-Adm | Reduce -36.9% | 0.03% | −0.01 |
| VTCAX Vanguard Comm Serv Indx-Adm | Reduce -10.9% | 0.07% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| SGOV iShares 0-3 Month Treasury B | New | 0.39% | +0.39 |
| SRBRX Federated SHRT-Intrm TTL-R6 | Add +8.0% | 3.73% | +0.34 |
| BSV Vanguard Short-Term Bond ETF | Add +9.2% | 2.64% | +0.27 |
| PZIEX Pzena Emerg MKTS Val-Inst | Add +25.6% | 0.96% | +0.25 |
| SFNNX Schwab Fndmnl Intl LRG Comp | Add +2.6% | 1.97% | +0.23 |
| FTRLX Fed Herm TTL RTRN BND-R6 | Add +5.2% | 3.64% | +0.22 |
| NFLX Netflix Inc. | Add +1312.6% | 0.14% | +0.13 |
| AVUV Avantis US Small Cap Value | Add +7.6% | 0.79% | +0.13 |
| JNJ Johnson & Johnson | Add +0.4% | 0.61% | +0.11 |
| NUSFX Northern Ultra-SHRT Fix Inc. | Add +6.3% | 1.29% | +0.11 |
| MVCKX MFS Mid Cap Value Fund-R5 | Add +9.0% | 0.89% | +0.10 |
| IEFA iShares Core MSCI Eafe ETF | Add +13.2% | 0.65% | +0.10 |
| VBIRX Vanguard S/T BND Indx-Adm | Add +6.3% | 1.18% | +0.09 |
| VEIRX Vanguard Equity Income-Adm | Add +2.8% | 1.44% | +0.09 |
| LIN Linde PLC | Add +6.4% | 0.39% | +0.08 |
| VOO Vanguard S&P 500 ETF | Add +8.4% | 1.39% | +0.08 |
| HON Honeywell International Inc. | Add +2.2% | 0.45% | +0.08 |
| COP Conocophillips | Add +2.5% | 0.24% | +0.08 |
| VWILX Vanguard Intl Growth-Adm | Add +11.7% | 0.91% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +21.6% | 0.26% | +0.07 |
| BAESY Bae Systems PLC -Spon ADR | Add +1.3% | 0.30% | +0.07 |
| WCMEX WCM Focus Emrg MRKT-Inst | Add +7.7% | 0.53% | +0.06 |
| VWIUX Vanguard I/T Tax Exmpt-Adm | Add +7.0% | 0.70% | +0.06 |
| AME Ametek Inc. | Add +10.8% | 0.35% | +0.05 |
| IEMG iShares Core MSCI Emerging | Add +17.7% | 0.27% | +0.05 |
| FGTXX Gldmn SCHS Fin SQ GV-FST | Add +15.6% | 0.31% | +0.05 |
| VONV Vanguard Russell 1000 Value | Add +11.0% | 0.35% | +0.05 |
| PG The Procter & Gamble Co. | Add +6.4% | 0.40% | +0.04 |
| MFAIX Msif International Adv-I | Add +12.1% | 0.67% | +0.03 |
| BIV Vanguard Intermediate-Term B | Add +2.2% | 0.88% | +0.03 |
| VBTLX Vanguard TTL BD MKT Idx-Adm | Add +3.1% | 0.63% | +0.03 |
| FTNT Fortinet Inc. | Add +4.5% | 0.31% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +3.7% | 0.38% | +0.03 |
| MCD McDonald's Corp. | Add +5.2% | 0.31% | +0.03 |
| CASY Casey's General Stores Inc. | Add +1.1% | 0.10% | +0.03 |
| DODIX Dodge & Cox Income-I | Add +2.9% | 0.56% | +0.02 |
| JMGRX Janus Hndrsn Enterprise-I | Add +6.1% | 0.98% | +0.02 |
| FUMBX Fidelty SHRT TRM TRSR BD | Add +19.3% | 0.12% | +0.02 |
| ZTS Zoetis Inc. | Add +30.0% | 0.09% | +0.02 |
| VFSUX Vanguard S/T Invest GRD-Adm | Add +1.8% | 0.51% | +0.02 |
| KMI Kinder Morgan Inc. | New | 0.02% | +0.02 |
| DFCEX Emerging Markets Core Equity | Add +14.5% | 0.09% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +7.5% | 0.14% | +0.01 |
| XLRE SS Real Estate Select Sector | Add +4.3% | 0.18% | +0.01 |
| VMLUX Vanguard Ltd. TRM T/E-Adm | Add +2.1% | 0.34% | +0.01 |
| GSY Invesco Ultra Short Duration | Add +0.4% | 0.46% | +0.01 |
| F Ford Motor Co. | Add +110.9% | 0.02% | +0.01 |
| VTRS Viatris Inc. | New | 0.01% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +0.3% | 0.25% | +0.01 |
| NSRIX Northrn WRLD Select Indx-I | Add +65.1% | 0.03% | +0.01 |
Notes & Other Activity Q4 2025 → Q1 2026
| MORGAN STANLEY 4.431 1/23/30 | Fixed Income · principal | Add +16.7% | 735,000 | $732K |
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 |