First MerchantsFRME

13F holders, Q2 2025 (June 30)
278holders +6
35new positions
26sold out
6famous investors
$38.31avg. 13F price*

At the end of Q2 2025, 278 institutions reported holding First Merchants Corp. (FRME) in their 13F filings, up 6 from Q1 2025. 35 opened new positions and 26 sold out. The largest holders were Vanguard Group Inc. ($236.9M), BlackRock, Inc. ($176.5M) and Dimensional Fund Advisors LP ($130.4M). 6 famous investors held it, including Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio), Ken Fisher (0.0% of Fisher Asset Management's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).

Company
First Merchants Corp.
CUSIP
320817109
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 233Q1 2024Q2 2024: 231Q2 2024Q3 2024: 243Q3 2024Q4 2024: 253Q4 2024Q1 2025: 272Q1 2025Q2 2025: 278Q2 2025Q3 2025: 282Q3 2025Q4 2025: 282Q4 2025Q1 2026: 300Q1 2026Q2 2026: 308Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions35$27.4M
Exits26$10.2M

All 13F filers, Q1 2025 → Q2 2025: 1,879,553 shares bought and 2,065,829 shares sold, net −186,276 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 278 holders

Vanguard Group Inc. 0.00% Reduce -0.8% 6,186,207 $236.9M
BlackRock, Inc. 0.00% Reduce -3.7% 4,609,263 $176.5M
Dimensional Fund Advisors LP 0.03% Reduce -1.0% 3,405,615 $130.4M
Earnest Partners LLC 0.44% Add +0.4% 2,571,917 $98.5M
State Street Corp. 0.00% Add +0.3% 2,005,625 $76.8M
Geode Capital Management, LLC 0.00% Add +0.1% 1,430,289 $54.8M
American Century Companies Inc. 0.02% Add +2.5% 1,127,423 $43.2M
Goldman Sachs Group Inc. 0.01% Reduce -4.4% 926,422 $35.5M
Nuveen, LLC 0.01% Add +51.2% 916,637 $35.1M
Victory Capital Management Inc. 0.02% Add +2.2% 873,773 $33.5M
Capital International Investors 0.01% No change 818,755 $31.4M
First Trust Advisors LP 0.02% Reduce -29.1% 766,252 $29.3M
Systematic Financial Management LP 0.78% Add +2.0% 760,551 $29.1M
Principal Financial Group Inc. 0.02% Reduce -1.7% 758,138 $29.0M
William Blair Investment Management, LLC 0.07% Reduce -7.6% 724,679 $27.8M
Charles Schwab Investment Management Inc. 0.00% Reduce -2.6% 693,422 $26.6M
PL Capital Advisors, LLC 8.77% No change 686,333 $26.3M
JPMorgan Chase & Co. 0.00% Reduce -7.9% 678,165 $26.0M
Bank of New York Mellon Corp 0.00% Reduce -2.0% 677,269 $25.9M
Northern Trust Corp. 0.00% Reduce -4.9% 569,915 $21.8M
Public Employees Retirement Association of Colorado 0.08% No change 546,322 $20.9M
First Merchants Corp. 0.80% Reduce -0.5% 539,726 $20.7M
Manufacturers Life Insurance Company, The 0.02% Reduce -2.5% 461,315 $17.7M
Raymond James Financial Inc. 0.01% Reduce -3.7% 459,479 $17.6M
Fisher Asset Management 0.01% Reduce -11.0% 441,788 $16.9M
Bridgeway Capital Management, LLC 0.36% Add +7.6% 397,123 $15.2M
Ceredex Value Advisors LLC 0.28% Add +1.4% 345,600 $13.2M
Schroder Investment Management Group 0.01% Reduce -28.7% 331,163 $12.8M
Glenmede Investment Management, LP 0.06% — 302,302 $11.6M
MetLife Investment Management, LLC 0.06% Reduce -18.6% 272,504 $10.4M
Phocas Financial Corp. 1.47% Add +0.0% 266,578 $10.2M
Qube Research & Technologies Ltd 0.01% Add +169.3% 261,904 $10.0M
Morgan Stanley 0.00% Reduce -5.0% 246,148 $9.4M
Empowered Funds, LLC 0.10% Add +14.4% 223,342 $8.6M
FMR LLC 0.00% Reduce -1.2% 219,928 $8.4M
Bank of America Corp. 0.00% Add +3.7% 209,544 $8.0M
Wells Fargo & Company 0.00% Add +4.8% 207,239 $7.9M
Oberweis Asset Management Inc./ 0.33% Add +9.9% 196,000 $7.5M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +45.0% 192,563 $7.4M
STRS Ohio 0.03% Add +0.9% 183,252 $7.0M
ProShare Advisors LLC 0.01% Reduce -4.6% 175,476 $6.7M
Denali Advisors LLC 0.70% Add +8.7% 174,384 $6.7M
Envestnet Asset Management Inc. 0.00% Reduce -3.8% 170,185 $6.5M
AQR Capital Management 0.01% Add +38.0% 163,691 $6.3M
Edgestream Partners, L.P. 0.17% New 159,491 $6.1M
Susquehanna International Group, LLP 0.01% Add +6.7% 155,383 $6.0M
UBS Group AG 0.00% Add +43.0% 154,359 $5.9M
OneAscent Financial Services LLC 0.40% Reduce -40.8% 146,142 $5.6M
Peregrine Capital Management LLC 0.16% Reduce -3.2% 139,883 $5.4M
Nordea Investment Management AB 0.00% Add +0.3% 135,789 $5.2M
Barclays PLC 0.00% Add +45.5% 131,416 $5.0M
Cubist Systematic Strategies, LLC 0.05% Reduce -37.6% 126,051 $4.8M
Invesco Ltd. 0.00% Reduce -14.6% 116,588 $4.5M
Dark Forest Capital Management LP 0.17% Reduce -19.5% 113,040 $4.3M
Mendon Capital Advisors Corp. 2.08% Reduce -14.4% 112,250 $4.3M
Swiss National Bank 0.00% Reduce -1.7% 111,762 $4.3M
Sei Investments Co. 0.01% Reduce -47.6% 111,605 $4.3M
Citigroup Inc. 0.00% Reduce -17.1% 111,178 $4.3M
Great Lakes Advisors, LLC 0.03% Reduce -3.2% 108,524 $4.2M
New York State Common Retirement Fund 0.01% Add +3.6% 105,063 $4.0M
Curi Capital, LLC 0.07% Reduce -19.6% 100,475 $3.8M
Petiole USA ltd 2.55% No change 94,047 $3.6M
Rhumbline Advisers 0.00% Add +3.4% 92,809 $3.6M
Trexquant Investment LP 0.04% Reduce -14.9% 91,517 $3.5M
Hotchkis & Wiley Capital Management LLC 0.01% Add +11.4% 91,358 $3.5M
Jane Street Group, LLC 0.01% Reduce -15.9% 90,720 $3.5M
Millennium Management 0.00% Add +801.8% 88,431 $3.4M
Corient Private Wealth LP 0.00% Reduce -0.1% 78,558 $3.0M
First Financial Bank - Trust Division 0.26% No change 75,779 $2.9M
Advisory Research Inc. 0.44% Reduce -4.9% 75,438 $2.9M
Rosenthal | Henry Capital Advisors, Inc. 2.79% Reduce -1.7% 72,305 $2.8M
Inspire Advisors, LLC 0.29% New 71,779 $2.7M
Alliancebernstein L.P. 0.00% No change 68,157 $2.6M
Ameriprise Financial Inc. 0.00% Add +1.5% 67,748 $2.6M
Legal & General Group Plc 0.00% Add +0.8% 64,350 $2.5M
T. Rowe Price Associates Inc. 0.00% Add +5.4% 63,726 $2.4M
D. E. Shaw & Co. 0.00% New 63,496 $2.4M
Cambridge Investment Research Advisors, Inc. 0.01% Reduce -0.2% 61,267 $2.3M
Arrowstreet Capital, Limited Partnership 0.00% New 58,011 $2.2M
Marshall Wace, LLP 0.00% Add +886.7% 56,654 $2.2M
Mariner, LLC 0.00% Reduce -5.0% 56,568 $2.2M
Two Sigma Investments, LP 0.00% Add +19.7% 55,243 $2.1M
Wellington Management Group LLP 0.00% Reduce -17.1% 54,922 $2.1M
California State Teachers Retirement System 0.00% Add +0.8% 54,058 $2.1M
AlphaQuest LLC 0.20% Add +431.0% 52,816 $2.0M
Franklin Resources Inc. 0.00% Reduce -0.4% 51,322 $2.0M
Creative Planning 0.00% Add +15.3% 48,932 $1.9M
Tudor Investment Corporation 0.01% New 44,570 $1.7M
Rafferty Asset Management, LLC 0.01% Add +21.1% 43,106 $1.7M
Y-Intercept (Hong Kong) Ltd 0.04% New 41,970 $1.6M
Norges Bank 0.00% Reduce -59.2% 41,425 $1.6M
Deutsche Bank AG 0.00% Reduce -10.4% 41,131 $1.6M
Oppenheimer Asset Management Inc. 0.02% Reduce -2.0% 40,459 $1.5M
Guggenheim Capital LLC 0.01% Add +36.6% 40,423 $1.5M
Brandywine Global Investment Management, LLC 0.01% Reduce -3.6% 40,261 $1.5M
Thrivent Financial for Lutherans 0.00% Add +26.2% 36,065 $1.4M
Teacher Retirement System of Texas 0.01% Reduce -6.4% 36,012 $1.4M
Sanctuary Advisors, LLC 0.01% Reduce -14.6% 34,629 $1.3M
Two Sigma Advisers, LP 0.00% Add +26.0% 33,474 $1.3M
Old National Bancorp 0.02% No change 33,115 $1.3M
Aurora Investment Counsel 0.66% Reduce -1.3% 32,701 $1.3M
Russell Investments Group, Ltd. 0.00% Reduce -5.4% 32,493 $1.2M
Stifel Financial Corp. 0.00% Reduce -9.1% 32,121 $1.2M
Paradigm Capital Management Inc. 0.06% No change 32,000 $1.2M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -7.8% 31,991 $1.2M
Intech Investment Management LLC 0.01% Reduce -27.0% 31,571 $1.2M
Clarkston Capital Partners, LLC 0.03% No change 31,113 $1.2M
Commonwealth Equity Services, LLC 0.00% Reduce -6.2% 30,670 $1.2M
Jones Financial Companies LLLP 0.00% Add +21.5% 30,010 $1.2M
Cibc World Market Inc. 0.00% New 29,623 $1.1M
Wedge Capital Management L L P 0.02% Add +9.8% 29,082 $1.1M
Citadel Advisors 0.00% Reduce -65.7% 29,065 $1.1M
Weiss Asset Management LP 0.02% New 28,133 $1.1M
Waterfront Wealth Inc. 0.24% Add +1.0% 27,412 $1.0M
Janus Henderson Group PLC 0.00% No change 27,284 $1.0M
HRT Financial LP 0.00% New 27,300 $1.0M
State Board of Administration of Florida Retirement System 0.00% No change 26,310 $1.0M
Chicago Partners Investment Group LLC 0.03% Add +1.1% 23,902 $986K
Ieq Capital, LLC 0.01% Add +86.7% 25,572 $979K
Ensign Peak Advisors, Inc 0.00% Reduce -18.4% 24,920 $954K
PNC Financial Services Group, Inc. 0.00% Add +0.3% 24,650 $944K
BCGM Wealth Management, LLC 0.24% Add +0.0% 22,674 $868K
Natixis Advisors, LLC 0.00% New 22,628 $867K
IFG Advisory, LLC 0.04% No change 21,370 $818K
Wesbanco Bank Inc. 0.02% No change 21,140 $810K
Captrust Financial Advisors 0.00% Reduce -3.4% 20,892 $800K
Osaic Holdings, Inc. 0.00% Reduce -3.9% 20,302 $778K
Quadrant Capital Group LLC 0.03% Reduce -1.9% 18,421 $706K
Balyasny Asset Management L.P. 0.00% New 17,976 $688K
Arizona State Retirement System 0.00% Add +1.6% 17,060 $653K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 17,005 $651K
US Bancorp \de 0.00% Add +0.0% 16,960 $650K
Voya Investment Management LLC 0.00% Add +1.1% 16,203 $621K
Schonfeld Strategic Advisors LLC 0.00% New 15,714 $602K
Elo Mutual Pension Insurance Co 0.01% New 15,638 $599K
Sentinel Pension Advisors, LLC 0.10% No change 15,228 $583K
Quantbot Technologies LP 0.01% New 15,098 $578K
Pathstone Holdings, LLC 0.00% Add +3.1% 14,876 $570K
Intrepid Financial Planning Group LLC 0.24% No change 14,682 $562K
Choreo, LLC 0.01% Reduce -1.0% 14,280 $547K
Brevan Howard Capital Management LP 0.01% Add +5.6% 14,226 $545K
Kestra Advisory Services, LLC 0.00% Reduce -21.6% 14,061 $539K
LPL Financial LLC 0.00% Add +1.2% 14,019 $537K
Royal Bank of Canada 0.00% Add +3.8% 14,009 $536K
Venture Visionary Partners LLC 0.02% Add +0.0% 13,535 $518K
Kennondale Capital Management LLC 0.53% No change 13,495 $517K
Police & Firemen's Retirement System of New Jersey 0.00% Add +5.8% 13,165 $504K
Inceptionr LLC 0.11% New 12,965 $497K
Atlas Brown,Inc. 0.15% Add +96.5% 12,589 $482K
Handelsbanken Fonder AB 0.00% No change 12,516 $479K
KLP Kapitalforvaltning As 0.00% Add +12.6% 12,500 $479K
Centiva Capital, LP 0.03% Add +52.1% 12,081 $463K
Connable Office Inc. 0.05% No change 12,031 $461K
Engineers Gate Manager LP 0.01% Reduce -22.4% 11,968 $458K
EJF Capital LP 0.36% Add +2.6% 11,884 $455K
Cranbrook Wealth Management, LLC 0.09% No change 11,451 $439K
Rehmann Capital Advisory Group 0.02% Reduce -8.6% 10,461 $401K
Inspire Investing, LLC 0.04% Add +22.3% 10,364 $397K
CANADA LIFE ASSURANCE Co 0.00% Add +10.3% 10,182 $390K
Pictet Asset Management Holding SA 0.00% Add +11.4% 9,978 $382K
Minerva Advisors LLC 0.25% No change 9,875 $378K
DRW Securities, LLC 0.03% New 9,837 $377K
Tower Research Capital LLC (TRC) 0.01% Add +178.8% 9,785 $375K
ExodusPoint Capital Management, LP 0.00% New 9,493 $364K
BNP Paribas Financial Markets 0.00% Add +167.9% 9,065 $347K
Monarch Capital Management Inc. 0.09% No change 8,918 $342K
Quantinno Capital Management LP 0.00% New 8,882 $340K
Sapient Capital LLC 0.01% No change 8,455 $324K
Prudential Financial Inc. 0.00% Reduce -75.8% 7,689 $315K
Polymer Capital Management (US) LLC 0.05% Reduce -14.5% 8,102 $310K
Aster Capital Management (DIFC) Ltd 0.07% New 7,962 $305K
Walleye Capital LLC 0.00% New 7,922 $303K
Kingsview Wealth Management, LLC 0.01% No change 7,770 $298K
Graham Capital Management, L.P. 0.01% Reduce -51.0% 7,686 $294K
PDS Planning, Inc 0.02% No change 7,335 $281K
Integrated Investment Consultants, LLC 0.05% Reduce -37.9% 7,268 $278K
Comerica Bank 0.00% Reduce -26.8% 7,268 $278K
Cibc World Markets Corp. 0.00% Reduce -44.4% 7,192 $275K
Connor, Clark & Lunn Investment Management Ltd. 0.00% New 7,047 $270K
Hennion & Walsh Asset Management, Inc. 0.01% Reduce -29.9% 7,000 $268K
HighPoint Advisor Group LLC 0.01% No change 6,925 $265K
Cary Street Partners Financial LLC 0.01% No change 6,849 $262K
SG Americas Securities, LLC 0.00% Reduce -58.0% 6,828 $262K
Norris Perne & French LLP 0.02% No change 6,834 $262K
Wealth Enhancement Advisory Services, LLC 0.00% New 6,405 $261K
Cetera Investment Advisers 0.00% Add +2.4% 6,804 $261K
Goelzer Investment Management, Inc. 0.01% No change 6,765 $259K
Contravisory Investment Management, Inc. 0.05% No change 6,560 $251K
HighTower Advisors, LLC 0.00% Add +0.2% 6,532 $250K
Orion Porfolio Solutions, LLC 0.00% Add +10.9% 6,489 $249K
Focus Partners Wealth 0.00% New 6,390 $245K
Elevation Point Wealth Partners, LLC 0.02% New 6,274 $240K
Zhang Financial LLC 0.01% No change 6,258 $240K
MQS Management LLC 0.13% New 6,130 $235K
Ameritas Investment Partners, Inc. 0.01% No change 6,101 $234K
Cwm, LLC 0.00% Add +30.0% 6,070 $232K
Arax Advisory Partners 0.01% New 29 $224K
Pathway Financial Advisers, LLC 0.07% Add +1.0% 5,808 $222K
Waverly Advisors, LLC 0.00% Reduce -11.6% 5,756 $220K
HSBC Holdings PLC 0.00% Reduce -16.1% 5,677 $219K
Clearstead Advisors, LLC 0.00% Add +4.4% 5,688 $218K
Ullmann Wealth Partners Group, LLC 0.03% No change 5,602 $215K
Harbour Trust & Investment Management Co 0.02% No change 5,465 $209K
State of Wisconsin Investment Board 0.00% Reduce -10.7% 5,448 $209K
New York State Teachers Retirement System 0.00% No change 5,340 $205K
Cerity Partners LLC 0.00% New 5,295 $203K
Emerald Mutual Fund Advisers Trust 0.01% No change 4,767 $183K
Fifth Third Bancorp 0.00% Reduce -4.2% 3,109 $119K
Assetmark, Inc. 0.00% Reduce -1.3% 3,106 $119K
Larson Financial Group LLC 0.00% Add +2.8% 3,009 $115K
Allworth Financial LP 0.00% Add +0.2% 2,821 $108K
Aquatic Capital Management LLC 0.00% New 2,751 $105K
Optimum Investment Advisors 0.04% No change 2,253 $86K
KBC Group NV 0.00% Reduce -28.9% 2,169 $83K
Amalgamated Bank 0.00% No change 1,996 $76K
Capital Analysts, LLC 0.00% No change 1,800 $69K
Ancora Advisors LLC 0.00% No change 1,791 $69K
Blue Trust, Inc. 0.00% Add +98.4% 1,784 $68K
Signaturefd, LLC 0.00% Reduce -4.3% 1,548 $59K
Sterling Capital Management LLC 0.00% Add +49.1% 1,500 $57K
Point72 (DIFC) Ltd 0.00% Add +475.4% 1,381 $53K
MAI Capital Management 0.00% Add +18.6% 1,341 $51K
Thurston, Springer, Miller, Herd & Titak, Inc. 0.01% No change 1,318 $50K
Caldwell Trust Co 0.01% No change 1,300 $50K
CIBC Private Wealth Group LLC 0.00% Add +22.1% 1,214 $46K
Strategic Investment Solutions, Inc. 0.01% Add +1.0% 1,173 $45K
Indiana Trust & Investment Management Co 0.01% No change 902 $35K
Summit Securities Group LLC 0.01% Add +715.7% 832 $32K
Public Employees Retirement System of Ohio 0.00% Reduce -5.8% 829 $32K
EverSource Wealth Advisors, LLC 0.00% Add +361.7% 771 $30K
Nomura Asset Management Co. Ltd. 0.00% No change 750 $29K
LSV Asset Management 0.00% No change 715 $27K
Creative Financial Designs Inc. 0.00% No change 650 $25K
Nisa Investment Advisors, LLC 0.00% Add +60.5% 504 $19K
Covestor Ltd 0.01% Add +83.0% 496 $19K
Point72 Asia (Singapore) Pte. Ltd. 0.00% Add +63.1% 478 $18K
Federated Hermes, Inc. 0.00% Add +13.2% 462 $18K
GAMMA Investing LLC 0.00% Reduce -18.9% 426 $16K
Danske Bank A/S 0.00% New 400 $15K
CX Institutional 0.00% No change 397 $15K
Parallel Advisors, LLC 0.00% Reduce -10.5% 348 $13K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% New 343 $13K
Trust Co. of Toledo NA 0.00% New 321 $12K
Harbor Capital Advisors, Inc. 0.00% Reduce -9.7% 317 $12K
CENTRAL TRUST Co 0.00% No change 294 $11K
IFP Advisors, Inc 0.00% Add +0.0% 218 $8K
Westside Investment Management, Inc. 0.00% New 195 $8K
Rothschild Investment LLC 0.00% Add +57.1% 165 $6K
True Wealth Design, LLC 0.00% Add +7500.0% 152 $6K
Hillsdale Investment Management Inc. 0.00% Reduce -12.5% 140 $5K
Retirement Wealth Solutions LLC 0.00% No change 137 $5K
Northwestern Mutual Wealth Management Co. 0.00% No change 135 $5K
Smartleaf Asset Management LLC 0.00% Reduce -67.6% 128 $5K
Versant Capital Management, Inc 0.00% Reduce -1.7% 116 $4K
Bessemer Group Inc. 0.00% No change 100 $4K
Sound Income Strategies, LLC 0.00% No change 89 $3K
Private Wealth Management Group, LLC 0.00% No change 55 $2K
Hemington Wealth Management 0.00% Add +1.5% 66 $2K
Cary Street Partners Investment Advisory LLC 0.00% Reduce -41.5% 48 $2K
Farther Finance Advisors, LLC 0.00% Reduce -2.0% 48 $2K
JFS Wealth Advisors, LLC 0.00% Add +5.0% 42 $2K
Bell Investment Advisors, Inc 0.00% No change 37 $1K
WPG Advisers, LLC 0.00% No change 37 $1K
MassMutual Private Wealth & Trust, FSB 0.00% No change 19 $728
Brooklyn Investment Group 0.00% Reduce -76.9% 18 $690
Huntington National Bank 0.00% No change 17 $651
Fortitude Family Office, LLC 0.00% New 16 $613
Essential Partners LLC 0.00% — 16 $613
DiNuzzo Private Wealth, Inc. 0.00% No change 12 $460
SJS Investment Consulting Inc. 0.00% Reduce -45.5% 6 $230
Private Trust Co. NA 0.00% No change 5 $192
SBI Securities Co., Ltd. 0.00% Add +25.0% 5 $192
Bay Harbor Wealth Management, LLC 0.00% Add +66.7% 5 $191
Rialto Wealth Management, LLC 0.00% New 4 $154
Twin Peaks Wealth Advisors, LLC 0.00% New 3 $117
HFM Investment Advisors, LLC 0.00% Add +50.0% 3 $115
Parkworth Wealth Management, Inc. 0.00% No change 2 $77
Capital Advisors, Ltd. LLC 0.00% No change 4 $0

"% of holder's portfolio" is FRME's weight in each manager's 13F, not the share of First Merchants Corp. the manager owns.