First MerchantsFRME
13F holders, Q3 2025 (September 30)282holders +4
30new positions
24sold out
7famous investors
$37.70avg. 13F price*
At the end of Q3 2025, 282 institutions reported holding First Merchants Corp. (FRME) in their 13F filings, up 4 from Q2 2025. 30 opened new positions and 24 sold out. The largest holders were Vanguard Group Inc. ($229.2M), BlackRock, Inc. ($172.1M) and Dimensional Fund Advisors LP ($127.5M). 7 famous investors held it, including Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio), Cliff Asness (0.0% of AQR Capital Management's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- First Merchants Corp.
- CUSIP
- 320817109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 30 | $22.8M |
| Exits | 24 | $24.4M |
All 13F filers, Q2 2025 → Q3 2025: 2,947,276 shares bought and 2,822,721 shares sold, net +124,555 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 282 holders
| Vanguard Group Inc. | 0.00% | Reduce -1.7% | 6,078,518 | $229.2M |
| BlackRock, Inc. | 0.00% | Reduce -1.0% | 4,565,192 | $172.1M |
| Dimensional Fund Advisors LP | 0.03% | Reduce -0.7% | 3,381,405 | $127.5M |
| Earnest Partners LLC | 0.40% | Reduce -4.9% | 2,445,904 | $92.2M |
| State Street Corp. | 0.00% | Add +2.5% | 2,055,124 | $77.5M |
| Geode Capital Management, LLC | 0.00% | Reduce -0.0% | 1,429,817 | $53.9M |
| Capital International Investors | 0.01% | Add +64.4% | 1,346,300 | $50.8M |
| Nuveen, LLC | 0.01% | Add +4.1% | 953,987 | $36.0M |
| Victory Capital Management Inc. | 0.02% | Add +8.4% | 947,498 | $35.7M |
| Goldman Sachs Group Inc. | 0.01% | Add +1.6% | 941,691 | $35.5M |
| William Blair Investment Management, LLC | 0.08% | Add +16.4% | 843,174 | $31.8M |
| Systematic Financial Management LP | 0.70% | Add +0.2% | 762,042 | $28.7M |
| Principal Financial Group Inc. | 0.01% | Reduce -6.3% | 710,508 | $26.8M |
| JPMorgan Chase & Co. | 0.00% | Add +2.0% | 691,565 | $26.1M |
| PL Capital Advisors, LLC | 8.59% | No change | 686,333 | $25.9M |
| Charles Schwab Investment Management Inc. | 0.00% | Reduce -1.0% | 686,178 | $25.9M |
| Bank of New York Mellon Corp | 0.00% | Reduce -1.4% | 667,796 | $25.2M |
| First Trust Advisors LP | 0.02% | Reduce -18.8% | 622,273 | $23.5M |
| Northern Trust Corp. | 0.00% | Add +7.6% | 613,001 | $23.1M |
| American Century Companies Inc. | 0.01% | Reduce -47.8% | 588,719 | $22.2M |
| Public Employees Retirement Association of Colorado | 0.08% | No change | 546,322 | $20.6M |
| First Merchants Corp. | 0.77% | Add +0.0% | 539,754 | $20.3M |
| Manufacturers Life Insurance Company, The | 0.01% | Reduce -2.3% | 450,825 | $17.0M |
| Raymond James Financial Inc. | 0.01% | Reduce -2.1% | 449,988 | $17.0M |
| Fisher Asset Management | 0.01% | Reduce -3.3% | 427,119 | $16.1M |
| Bridgeway Capital Management, LLC | 0.32% | Add +0.3% | 398,498 | $15.0M |
| Qube Research & Technologies Ltd | 0.02% | Add +50.2% | 393,408 | $14.8M |
| Ceredex Value Advisors LLC | 0.30% | Reduce -1.1% | 341,950 | $12.9M |
| ProShare Advisors LLC | 0.03% | Add +84.2% | 323,180 | $12.2M |
| Hotchkis & Wiley Capital Management LLC | 0.04% | Add +252.0% | 321,550 | $12.1M |
| MetLife Investment Management, LLC | 0.06% | Add +17.3% | 319,609 | $12.0M |
| AQR Capital Management | 0.01% | Add +88.4% | 308,407 | $11.6M |
| FJ Capital Management LLC | 1.19% | New | 294,718 | $11.1M |
| Glenmede Investment Management, LP | 0.05% | Reduce -6.3% | 283,231 | $10.7M |
| Morgan Stanley | 0.00% | Add +14.6% | 282,173 | $10.6M |
| Phocas Financial Corp. | 1.33% | Add +2.1% | 272,129 | $10.3M |
| FMR LLC | 0.00% | Add +12.0% | 246,403 | $9.3M |
| Empowered Funds, LLC | 0.09% | Add +5.1% | 234,704 | $8.8M |
| Millennium Management | 0.01% | Add +163.8% | 233,264 | $8.8M |
| Wells Fargo & Company | 0.00% | Add +1.3% | 209,992 | $7.9M |
| Bank of America Corp. | 0.00% | Reduce -5.6% | 197,778 | $7.5M |
| Oberweis Asset Management Inc./ | 0.28% | No change | 196,000 | $7.4M |
| Denali Advisors LLC | 0.77% | Add +3.6% | 180,600 | $6.8M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -4.0% | 163,412 | $6.2M |
| OneAscent Financial Services LLC | 0.37% | Reduce -0.3% | 145,642 | $5.5M |
| Peregrine Capital Management LLC | 0.16% | Reduce -0.3% | 139,468 | $5.3M |
| Nordea Investment Management AB | 0.00% | Add +2.5% | 139,168 | $5.2M |
| UBS Group AG | 0.00% | Reduce -20.3% | 122,996 | $4.6M |
| Jane Street Group, LLC | 0.01% | Add +31.8% | 119,581 | $4.5M |
| Ameriprise Financial Inc. | 0.00% | Add +74.1% | 117,933 | $4.4M |
| Cubist Systematic Strategies, LLC | 0.06% | Reduce -9.8% | 113,650 | $4.3M |
| Trexquant Investment LP | 0.04% | Add +24.1% | 113,595 | $4.3M |
| Swiss National Bank | 0.00% | Add +1.1% | 112,962 | $4.3M |
| Sei Investments Co. | 0.00% | Reduce -2.6% | 108,705 | $4.1M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -43.7% | 108,376 | $4.1M |
| New York State Common Retirement Fund | 0.01% | No change | 105,063 | $4.0M |
| Invesco Ltd. | 0.00% | Reduce -13.7% | 100,564 | $3.8M |
| Tudor Investment Corporation | 0.02% | Add +121.0% | 98,523 | $3.7M |
| Rhumbline Advisers | 0.00% | Add +4.0% | 96,559 | $3.6M |
| Great Lakes Advisors, LLC | 0.03% | Reduce -12.3% | 95,122 | $3.6M |
| Petiole USA ltd | 2.45% | No change | 94,047 | $3.5M |
| Barclays PLC | 0.00% | Reduce -30.9% | 90,778 | $3.4M |
| D. E. Shaw & Co. | 0.00% | Add +33.3% | 84,607 | $3.2M |
| First Financial Bank - Trust Division | 0.24% | No change | 75,779 | $2.9M |
| Curi Capital, LLC | 0.05% | Reduce -24.9% | 75,510 | $2.8M |
| Mendon Capital Advisors Corp. | 1.29% | Reduce -33.2% | 75,000 | $2.8M |
| Dark Forest Capital Management LP | 0.11% | Reduce -34.4% | 74,171 | $2.8M |
| Inspire Advisors, LLC | 0.26% | Add +1.5% | 72,855 | $2.7M |
| Advisory Research Inc. | 0.36% | Reduce -4.1% | 72,348 | $2.7M |
| Rosenthal | Henry Capital Advisors, Inc. | 2.61% | Reduce -0.3% | 72,064 | $2.7M |
| Alliancebernstein L.P. | 0.00% | No change | 68,157 | $2.6M |
| T. Rowe Price Associates Inc. | 0.00% | Add +4.6% | 66,683 | $2.5M |
| Citigroup Inc. | 0.00% | Reduce -41.0% | 65,566 | $2.5M |
| Y-Intercept (Hong Kong) Ltd | 0.06% | Add +54.4% | 64,791 | $2.4M |
| Creative Planning | 0.00% | Add +31.2% | 64,214 | $2.4M |
| Legal & General Group Plc | 0.00% | Reduce -5.5% | 60,795 | $2.3M |
| Mariner, LLC | 0.00% | Add +2.6% | 58,016 | $2.2M |
| Susquehanna International Group, LLP | 0.00% | Reduce -62.9% | 57,600 | $2.2M |
| AlphaQuest LLC | 0.14% | Add +6.7% | 56,344 | $2.1M |
| BridgePort Financial Solutions, LLC | 0.57% | New | 55,826 | $2.1M |
| Ieq Capital, LLC | 0.01% | Add +111.8% | 54,171 | $2.0M |
| California State Teachers Retirement System | 0.00% | Add +0.0% | 54,061 | $2.0M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -8.0% | 53,377 | $2.0M |
| Franklin Resources Inc. | 0.00% | Reduce -1.3% | 50,651 | $1.9M |
| Rafferty Asset Management, LLC | 0.01% | Add +14.5% | 49,356 | $1.9M |
| Edgestream Partners, L.P. | 0.05% | Reduce -70.6% | 46,955 | $1.8M |
| Deutsche Bank AG | 0.00% | Add +12.8% | 46,380 | $1.7M |
| Guggenheim Capital LLC | 0.01% | Add +5.7% | 42,705 | $1.6M |
| Oppenheimer Asset Management Inc. | 0.02% | Reduce -1.2% | 39,980 | $1.5M |
| Brandywine Global Investment Management, LLC | 0.01% | Reduce -3.5% | 38,873 | $1.5M |
| Elo Mutual Pension Insurance Co | 0.02% | Add +137.4% | 37,124 | $1.4M |
| Sanctuary Advisors, LLC | 0.01% | Add +3.7% | 35,913 | $1.4M |
| Russell Investments Group, Ltd. | 0.00% | Add +9.7% | 35,658 | $1.3M |
| Susquehanna Portfolio Strategies, LLC | 0.02% | New | 35,013 | $1.3M |
| Clarkston Capital Partners, LLC | 0.03% | Add +11.5% | 34,696 | $1.3M |
| Vest Financial, LLC | 0.02% | New | 34,399 | $1.3M |
| Jones Financial Companies LLLP | 0.00% | Add +8.9% | 32,669 | $1.2M |
| Old National Bancorp | 0.02% | No change | 33,115 | $1.2M |
| Commonwealth Equity Services, LLC | 0.00% | Add +6.3% | 32,593 | $1.2M |
| Two Sigma Investments, LP | 0.00% | Reduce -41.6% | 32,249 | $1.2M |
| Paradigm Capital Management Inc. | 0.05% | No change | 32,000 | $1.2M |
| SG Americas Securities, LLC | 0.00% | Add +341.6% | 30,156 | $1.1M |
| EJF Capital LP | 0.65% | Add +149.9% | 29,697 | $1.1M |
| Intech Investment Management LLC | 0.01% | Reduce -8.3% | 28,937 | $1.1M |
| Wedge Capital Management L L P | 0.02% | Reduce -1.4% | 28,683 | $1.1M |
| BNP Paribas Financial Markets | 0.00% | Add +214.0% | 28,467 | $1.1M |
| PNC Financial Services Group, Inc. | 0.00% | Add +13.7% | 28,017 | $1.1M |
| Janus Henderson Group PLC | 0.00% | No change | 27,284 | $1.0M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -15.2% | 27,119 | $1.0M |
| Waterfront Wealth Inc. | 0.21% | Add +0.9% | 27,653 | $1.0M |
| Citadel Advisors | 0.00% | Reduce -7.6% | 26,858 | $1.0M |
| State Board of Administration of Florida Retirement System | 0.00% | No change | 26,310 | $992K |
| ExodusPoint Capital Management, LP | 0.01% | Add +158.4% | 24,535 | $925K |
| Chicago Partners Investment Group LLC | 0.02% | Add +4.3% | 24,929 | $912K |
| STRS Ohio | 0.00% | Reduce -87.2% | 23,500 | $886K |
| BCGM Wealth Management, LLC | 0.22% | Add +0.0% | 22,680 | $855K |
| Natixis Advisors, LLC | 0.00% | Reduce -0.7% | 22,474 | $847K |
| Captrust Financial Advisors | 0.00% | Add +7.1% | 22,380 | $844K |
| Man Group plc | 0.00% | New | 21,916 | $826K |
| Teacher Retirement System of Texas | 0.00% | Reduce -39.6% | 21,744 | $820K |
| Voloridge Investment Management, LLC | 0.00% | New | 21,598 | $814K |
| IFG Advisory, LLC | 0.04% | Reduce -1.8% | 20,995 | $792K |
| Cwm, LLC | 0.00% | Add +238.0% | 20,514 | $773K |
| Bailard, Inc. | 0.02% | New | 20,000 | $754K |
| Quantinno Capital Management LP | 0.00% | Add +123.5% | 19,852 | $748K |
| Arax Advisory Partners | 0.01% | Add +68013.8% | 19,753 | $745K |
| Corient Private Wealth LP | 0.00% | Reduce -75.5% | 19,275 | $727K |
| Kennondale Capital Management LLC | 0.56% | Add +42.7% | 19,259 | $726K |
| Aquatic Capital Management LLC | 0.01% | Add +591.1% | 19,013 | $717K |
| Thrivent Financial for Lutherans | 0.00% | Reduce -47.5% | 18,916 | $713K |
| Osaic Holdings, Inc. | 0.00% | Reduce -15.6% | 17,135 | $703K |
| Quadrant Capital Group LLC | 0.02% | No change | 18,421 | $694K |
| Gsa Capital Partners LLP | 0.06% | New | 18,182 | $685K |
| Engineers Gate Manager LP | 0.01% | Add +47.3% | 17,628 | $665K |
| Pathstone Holdings, LLC | 0.00% | Add +16.5% | 17,337 | $654K |
| Arizona State Retirement System | 0.00% | Add +1.0% | 17,225 | $649K |
| HRT Financial LP | 0.00% | Reduce -37.6% | 17,032 | $642K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 17,005 | $641K |
| US Bancorp \de | 0.00% | Add +0.1% | 16,985 | $640K |
| Intrepid Financial Planning Group LLC | 0.23% | Add +10.9% | 16,281 | $614K |
| MQS Management LLC | 0.36% | Add +164.1% | 16,187 | $610K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Add +22.6% | 16,146 | $609K |
| Larson Financial Group LLC | 0.02% | Add +425.8% | 15,821 | $596K |
| Occudo Quantitative Strategies LP | 0.07% | New | 15,704 | $592K |
| Sentinel Pension Advisors, LLC | 0.09% | No change | 15,228 | $574K |
| Royal Bank of Canada | 0.00% | Add +8.3% | 15,166 | $572K |
| Schonfeld Strategic Advisors LLC | 0.00% | Reduce -5.4% | 14,865 | $560K |
| LPL Financial LLC | 0.00% | Add +4.4% | 14,632 | $552K |
| Kestra Advisory Services, LLC | 0.00% | Add +0.1% | 14,075 | $531K |
| Venture Visionary Partners LLC | 0.02% | Add +0.0% | 13,541 | $511K |
| Campbell & CO Investment Adviser LLC | 0.04% | New | 13,028 | $491K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +100.2% | 12,822 | $488K |
| Weiss Asset Management LP | 0.01% | Reduce -54.0% | 12,930 | $487K |
| Cerity Partners LLC | 0.00% | Add +138.8% | 12,643 | $477K |
| Handelsbanken Fonder AB | 0.00% | No change | 12,516 | $472K |
| KLP Kapitalforvaltning As | 0.00% | No change | 12,500 | $471K |
| Inspire Investing, LLC | 0.05% | Add +18.6% | 12,296 | $464K |
| Connable Office Inc. | 0.04% | No change | 12,031 | $454K |
| Acadian Asset Management LLC | 0.00% | New | 11,657 | $439K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -55.6% | 11,070 | $417K |
| Semanteon Capital Management, LP | 0.51% | New | 10,807 | $407K |
| Voya Investment Management LLC | 0.00% | Reduce -33.9% | 10,715 | $404K |
| Cetera Investment Advisers | 0.00% | Add +57.1% | 10,692 | $403K |
| Rehmann Capital Advisory Group | 0.02% | Reduce -0.0% | 10,460 | $394K |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -0.1% | 10,169 | $381K |
| Minerva Advisors LLC | 0.24% | No change | 9,875 | $372K |
| Choreo, LLC | 0.00% | Reduce -31.3% | 9,818 | $370K |
| Entropy Technologies, LP | 0.03% | New | 9,700 | $366K |
| Atlas Brown,Inc. | 0.10% | Reduce -25.6% | 9,364 | $353K |
| Comerica Bank | 0.00% | Add +25.9% | 9,153 | $345K |
| Balyasny Asset Management L.P. | 0.00% | Reduce -49.6% | 9,067 | $342K |
| Monarch Capital Management Inc. | 0.08% | No change | 8,918 | $336K |
| Twinbeech Capital LP | 0.01% | New | 8,702 | $328K |
| Sapient Capital LLC | 0.00% | No change | 8,455 | $317K |
| Stifel Financial Corp. | 0.00% | Reduce -74.0% | 8,349 | $315K |
| Focus Partners Wealth | 0.00% | Add +19.3% | 7,620 | $299K |
| Verition Fund Management LLC | 0.00% | New | 7,847 | $296K |
| Kingsview Wealth Management, LLC | 0.00% | No change | 7,770 | $293K |
| Prudential Financial Inc. | 0.00% | Add +1.0% | 7,764 | $293K |
| Cranbrook Wealth Management, LLC | 0.06% | Reduce -32.7% | 7,707 | $291K |
| Pictet Asset Management Holding SA | 0.00% | Reduce -24.1% | 7,577 | $286K |
| Mercer Global Advisors Inc. | 0.00% | New | 7,570 | $285K |
| PDS Planning, Inc | 0.02% | No change | 7,335 | $277K |
| Integrated Investment Consultants, LLC | 0.05% | No change | 7,268 | $274K |
| HighPoint Advisor Group LLC | 0.01% | No change | 6,925 | $261K |
| Cary Street Partners Financial LLC | 0.01% | No change | 6,849 | $258K |
| Hennion & Walsh Asset Management, Inc. | 0.01% | Reduce -2.3% | 6,839 | $258K |
| Norris Perne & French LLP | 0.02% | No change | 6,834 | $258K |
| Goelzer Investment Management, Inc. | 0.01% | No change | 6,765 | $255K |
| Two Sigma Advisers, LP | 0.00% | Reduce -79.9% | 6,721 | $253K |
| Waverly Advisors, LLC | 0.00% | Add +15.5% | 6,649 | $251K |
| HighTower Advisors, LLC | 0.00% | Add +0.6% | 6,571 | $248K |
| O'shaughnessy Asset Management, LLC | 0.00% | New | 6,525 | $246K |
| HSBC Holdings PLC | 0.00% | Add +15.5% | 6,555 | $245K |
| Orion Porfolio Solutions, LLC | 0.00% | Reduce -2.0% | 6,361 | $240K |
| Point72 Asset Management | 0.00% | New | 6,274 | $237K |
| Zhang Financial LLC | 0.01% | No change | 6,258 | $236K |
| CIBC Bancorp USA Inc. | 0.00% | — | 6,222 | $235K |
| Pathway Financial Advisers, LLC | 0.06% | Add +0.9% | 5,860 | $221K |
| State of Wisconsin Investment Board | 0.00% | Add +6.6% | 5,806 | $219K |
| Ullmann Wealth Partners Group, LLC | 0.02% | No change | 5,602 | $211K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -91.0% | 5,527 | $208K |
| Harbour Trust & Investment Management Co | 0.02% | No change | 5,465 | $206K |
| New York State Teachers Retirement System | 0.00% | No change | 5,340 | $201K |
| Ameritas Investment Partners, Inc. | 0.01% | Reduce -17.2% | 5,051 | $190K |
| Sterling Capital Management LLC | 0.00% | Add +155.7% | 3,836 | $145K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -61.8% | 3,742 | $141K |
| Fifth Third Bancorp | 0.00% | No change | 3,109 | $117K |
| Allworth Financial LP | 0.00% | Add +9.9% | 3,100 | $117K |
| Point72 Asia (Singapore) Pte. Ltd. | 0.02% | Add +443.1% | 2,596 | $98K |
| Assetmark, Inc. | 0.00% | Reduce -16.9% | 2,581 | $97K |
| State of Alaska, Department of Revenue | 0.00% | New | 2,445 | $92K |
| Optimum Investment Advisors | 0.03% | No change | 2,253 | $85K |
| KBC Group NV | 0.00% | No change | 2,169 | $82K |
| Point72 (DIFC) Ltd | 0.01% | Add +46.9% | 2,028 | $76K |
| Amalgamated Bank | 0.00% | No change | 1,996 | $75K |
| Capital Analysts, LLC | 0.00% | No change | 1,800 | $68K |
| Ancora Advisors LLC | 0.00% | No change | 1,791 | $68K |
| Blue Trust, Inc. | 0.00% | No change | 1,784 | $67K |
| GGM Financial LLC | 0.03% | New | 1,691 | $64K |
| Signaturefd, LLC | 0.00% | Reduce -3.4% | 1,496 | $56K |
| MAI Capital Management | 0.00% | Add +2.1% | 1,369 | $52K |
| Caldwell Trust Co | 0.00% | No change | 1,300 | $49K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 1,214 | $46K |
| Strategic Investment Solutions, Inc. | 0.01% | Add +0.8% | 1,183 | $45K |
| Indiana Trust & Investment Management Co | 0.01% | No change | 902 | $34K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +10.8% | 854 | $32K |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -0.5% | 825 | $31K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 750 | $28K |
| LSV Asset Management | 0.00% | No change | 715 | $27K |
| Essential Partners LLC | 0.01% | Add +4106.3% | 673 | $25K |
| Creative Financial Designs Inc. | 0.00% | No change | 650 | $25K |
| Covestor Ltd | 0.01% | Add +24.4% | 617 | $23K |
| GAMMA Investing LLC | 0.00% | Add +43.0% | 609 | $23K |
| Nisa Investment Advisors, LLC | 0.00% | Add +3.6% | 522 | $20K |
| Clearstead Advisors, LLC | 0.00% | Reduce -91.4% | 489 | $18K |
| Quantbot Technologies LP | 0.00% | Reduce -97.0% | 459 | $17K |
| Danske Bank A/S | 0.00% | No change | 400 | $15K |
| CX Institutional | 0.00% | No change | 397 | $15K |
| Westside Investment Management, Inc. | 0.00% | Add +100.0% | 390 | $15K |
| JPL Wealth Management, LLC | 0.00% | New | 350 | $13K |
| Parallel Advisors, LLC | 0.00% | No change | 348 | $13K |
| Optiver Holding B.V. | 0.00% | New | 330 | $12K |
| Rockefeller Capital Management L.P. | 0.00% | New | 323 | $12K |
| Trust Co. of Toledo NA | 0.00% | No change | 321 | $12K |
| Harbor Capital Advisors, Inc. | 0.00% | Add +1.6% | 322 | $12K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Reduce -22.4% | 266 | $10K |
| Rothschild Investment LLC | 0.00% | Add +49.7% | 247 | $9K |
| Quarry LP | 0.00% | New | 241 | $9K |
| IFP Advisors, Inc | 0.00% | Add +9.6% | 239 | $9K |
| True Wealth Design, LLC | 0.00% | Add +49.3% | 227 | $9K |
| Smartleaf Asset Management LLC | 0.00% | Add +46.1% | 187 | $7K |
| Root Financial Partners, LLC | 0.00% | New | 164 | $6K |
| CENTRAL TRUST Co | 0.00% | Reduce -50.0% | 147 | $6K |
| Hillsdale Investment Management Inc. | 0.00% | No change | 140 | $5K |
| Versant Capital Management, Inc | 0.00% | No change | 116 | $4K |
| Bessemer Group Inc. | 0.00% | No change | 100 | $4K |
| Sound Income Strategies, LLC | 0.00% | No change | 89 | $3K |
| Farther Finance Advisors, LLC | 0.00% | Add +25.0% | 60 | $2K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -58.5% | 56 | $2K |
| Stone House Investment Management, LLC | 0.00% | New | 56 | $2K |
| Private Wealth Management Group, LLC | 0.00% | No change | 55 | $2K |
| Hemington Wealth Management | 0.00% | Add +9.1% | 72 | $2K |
| JFS Wealth Advisors, LLC | 0.00% | No change | 42 | $2K |
| WPG Advisers, LLC | 0.00% | No change | 37 | $1K |
| Bell Investment Advisors, Inc | 0.00% | No change | 37 | $1K |
| Retirement Wealth Solutions LLC | 0.00% | Reduce -75.2% | 34 | $1K |
| Cary Street Partners Investment Advisory LLC | 0.00% | Reduce -29.2% | 34 | $1K |
| Fortitude Family Office, LLC | 0.00% | Add +31.3% | 21 | $792 |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 19 | $716 |
| Huntington National Bank | 0.00% | No change | 17 | $641 |
| Wealthspire Advisors, LLC | 0.00% | New | 15 | $566 |
| DiNuzzo Private Wealth, Inc. | 0.00% | No change | 12 | $499 |
| Caitong International Asset Management Co., Ltd | 0.00% | New | 7 | $264 |
| SJS Investment Consulting Inc. | 0.00% | No change | 6 | $227 |
| SBI Securities Co., Ltd. | 0.00% | No change | 5 | $189 |
| Bay Harbor Wealth Management, LLC | 0.00% | No change | 5 | $188 |
| Rialto Wealth Management, LLC | 0.00% | No change | 4 | $151 |
| HFM Investment Advisors, LLC | 0.00% | No change | 3 | $113 |
| Mather Group, Llc. | 0.00% | New | 2 | $75 |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 4 | $0 |
| Cloud Capital Management, LLC | 0.00% | New | 12 | $0 |
"% of holder's portfolio" is FRME's weight in each manager's 13F, not the share of First Merchants Corp. the manager owns.