FIRST MERCHANTS CORP (FRME) — Institutional Holders, Q2 2026

308 institutional investment managers reported a FRME position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $2.0B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← FRME stock profile

FRME in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

127

Trimmed

Sold out

Biggest buyers

BlackRockAdded · +425,372 sh+$18.6M
STATE STREETAdded · +311,540 sh+$13.6M
Edgestream Partners, L.P.Added · +163,413 sh+$7.1M
AQR CAPITAL MANAGEMENTAdded · +161,480 sh+$7.1M
JPMORGAN CHASEAdded · +109,891 sh+$4.8M

Biggest sellers

GOLDMAN SACHS GROUPTrimmed · -440,130 sh-$19.2M
Bank of New York MellonTrimmed · -344,102 sh-$15.0M
WELLINGTON MANAGEMENT GROUP LLPTrimmed · -310,614 sh-$13.6M
WILLIAM BLAIR INVESTMENT MANAGEMENTTrimmed · -167,439 sh-$7.3M
JANE STREET GROUPSold out · -137,969 sh-$6.0M

FRME 13F holders ranked 1–100 of 308

Institutional investors reporting a position in FIRST MERCHANTS CORP on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 5,324,728 sh	5,324,728	$232.6M	<0.01%	+8.7%
2	DIMENSIONAL FUND ADVISORS#2 · 3,689,776 sh	3,689,776	$161.2M	0.03%	+2.6%
3	VANGUARD PORTFOLIO MANAGEMENT#3 · 3,402,832 sh	3,402,832	$148.7M	<0.01%	+1.3%
4	VANGUARD CAPITAL MANAGEMENT#4 · 2,720,680 sh	2,720,680	$118.9M	<0.01%	-0.4%
5	STATE STREET#5 · 2,551,308 sh	2,551,308	$111.5M	<0.01%	+13.9%
6	EARNEST PARTNERS#6 · 2,174,024 sh	2,174,024	$95.0M	0.34%	-3.6%
7	GEODE CAPITAL MANAGEMENT#7 · 1,670,991 sh	1,670,991	$73.0M	<0.01%	+6.2%
8	Nuveen#8 · 1,058,876 sh	1,058,876	$46.3M	0.01%	+1.5%
9	VICTORY CAPITAL MANAGEMENT#9 · 1,042,728 sh	1,042,728	$45.6M	0.03%	+4.8%
10	SYSTEMATIC FINANCIAL MANAGEMENT#10 · 850,405 sh	850,405	$37.2M	0.74%	-1.3%
11	FIRST ADVISORS#11 · 776,088 sh	776,088	$33.9M	0.02%	+7.0%
12	CHARLES SCHWAB INVESTMENT MANAGEMENT#12 · 711,910 sh	711,910	$31.1M	<0.01%	-1.0%
13	FJ Capital Management#13 · 711,425 sh	711,425	$31.1M	4.03%	0.0%
14	GOLDMAN SACHS GROUP#14 · 697,055 sh	697,055	$30.5M	<0.01%	-38.7%
15	WELLINGTON MANAGEMENT GROUP LLP#15 · 696,621 sh	696,621	$30.4M	<0.01%	-30.8%
16	PL Capital Advisors#16 · 686,333 sh	686,333	$30.0M	8.34%	0.0%
17	NORTHERN#17 · 683,988 sh	683,988	$29.9M	<0.01%	+4.7%
18	Qube Research & Technologies Ltd#18 · 648,844 sh	648,844	$28.3M	0.03%	-0.2%
19	JPMORGAN CHASE#19 · 639,609 sh	639,609	$27.9M	<0.01%	+20.7%
20	WILLIAM BLAIR INVESTMENT MANAGEMENT#20 · 622,443 sh	622,443	$27.2M	0.08%	-21.2%
21	AQR CAPITAL MANAGEMENT#21 · 566,471 sh	566,471	$24.7M	<0.01%	+39.9%
22	PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO#22 · 546,322 sh	546,322	$23.9M	0.08%	0.0%
23	FIRST MERCHANTS#23 · 521,994 sh	521,994	$22.8M	—	-0.6%
24	TWO SIGMA INVESTMENTS#24 · 470,409 sh	470,409	$20.6M	0.01%	+16.0%
25	MANUFACTURERS LIFE INSURANCE COMPANY, THE#25 · 432,341 sh	432,341	$18.9M	0.01%	-0.2%
26	BRIDGEWAY CAPITAL MANAGEMENT#26 · 429,606 sh	429,606	$18.8M	0.33%	+8.4%
27	FMR#27 · 420,996 sh	420,996	$18.4M	<0.01%	+13.5%
28	Bank of New York Mellon#28 · 415,568 sh	415,568	$18.2M	<0.01%	-45.3%
29	VANGUARD FIDUCIARY#29 · 410,238 sh	410,238	$17.9M	<0.01%	+2.8%
30	Fisher Asset Management#30 · 367,005 sh	367,005	$16.0M	<0.01%	+5.2%
31	AMERICAN CENTURY COMPANIES#31 · 344,504 sh	344,504	$15.1M	<0.01%	-1.3%
32	RAYMOND JAMES FINANCIAL#32 · 339,054 sh	339,054	$14.8M	<0.01%	-1.6%
33	HOTCHKIS & WILEY CAPITAL MANAGEMENT#33 · 337,897 sh	337,897	$14.8M	0.04%	+3.0%
34	MetLife Investment Management#34 · 320,319 sh	320,319	$14.0M	0.06%	+1.4%
35	MILLENNIUM MANAGEMENT#35 · 318,618 sh	318,618	$13.9M	<0.01%	-3.1%
36	GLENMEDE NA#36 · 296,414 sh	296,414	$13.0M	0.06%	+24.4%
37	Empowered Funds#37 · 277,911 sh	277,911	$12.1M	0.06%	+24.6%
38	MORGAN STANLEY#38 · 213,604 sh	213,604	$9.3M	<0.01%	-5.8%
39	BANK OF AMERICA#39 · 206,018 sh	206,018	$9.0M	<0.01%	-15.3%
40	WELLS FARGO & COMPANY#40 · 202,821 sh	202,821	$8.9M	<0.01%	+16.2%
41	Phocas Financial#41 · 201,603 sh	201,603	$8.8M	1.22%	-5.0%
42	DENALI ADVISORS#42 · 194,500 sh	194,500	$8.5M	0.86%	-5.2%
43	Edgestream Partners, L.P.#43 · 185,737 sh	185,737	$8.1M	0.24%	+732.0%
44	ALLIANCEBERNSTEIN L.P.#44 · 204,281 sh	204,281	$7.9M	<0.01%	-32.5%
45	ProShare Advisors#45 · 170,104 sh	170,104	$7.4M	0.01%	-2.3%
46	MARSHALL WACE, LLP#46 · 159,382 sh	159,382	$7.0M	<0.01%	+147.8%
47	SUSQUEHANNA INTERNATIONAL GROUP, LLP#47 · 151,364 sh	151,364	$6.6M	<0.01%	-24.9%
48	Creative Planning#48 · 145,215 sh	145,215	$6.3M	<0.01%	+40.6%
49	CITADEL ADVISORS#49 · 140,294 sh	140,294	$6.1M	<0.01%	-9.6%
50	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#50 · 134,606 sh	134,606	$5.9M	<0.01%	+91.2%
51	LYNCH & ASSOCIATES#51 · 130,000 sh	130,000	$5.7M	—	0.0%
52	Swiss National Bank#52 · 127,162 sh	127,162	$5.6M	<0.01%	+2.4%
53	ENVESTNET ASSET MANAGEMENT#53 · 124,472 sh	124,472	$5.4M	<0.01%	-0.2%
54	GREAT LAKES ADVISORS#54 · 116,095 sh	116,095	$5.1M	0.04%	+6.8%
55	Numerai GP#55 · 115,285 sh	115,285	$5.0M	0.41%	+24.4%
56	NEW YORK STATE COMMON RETIREMENT FUND#56 · 114,510 sh	114,510	$5.0M	<0.01%	+2.1%
57	AMERIPRISE FINANCIAL#57 · 111,740 sh	111,740	$4.9M	<0.01%	-2.4%
58	PEREGRINE CAPITAL MANAGEMENT#58 · 111,491 sh	111,491	$4.9M	0.16%	-8.1%
59	NORDEA INVESTMENT MANAGEMENT AB#59 · 111,720 sh	111,720	$4.8M	<0.01%	-4.9%
60	OneAscent Financial Services#60 · 97,810 sh	97,810	$4.3M	0.20%	+2.6%
61	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#61 · 96,682 sh	96,682	$4.2M	<0.01%	-7.6%
62	FRANKLIN RESOURCES#62 · 96,450 sh	96,450	$4.2M	<0.01%	+7.4%
63	Petiole USA ltd#63 · 94,047 sh	94,047	$4.1M	2.95%	0.0%
64	PRICE T ROWE ASSOCIATES#64 · 93,609 sh	93,609	$4.1M	<0.01%	+15.0%
65	SEI INVESTMENTS#65 · 92,890 sh	92,890	$4.1M	<0.01%	-37.1%
66	Mariner#66 · 91,158 sh	91,158	$4.0M	<0.01%	+16.9%
67	CITIGROUP#67 · 90,309 sh	90,309	$3.9M	<0.01%	+17.1%
68	O'SHAUGHNESSY ASSET MANAGEMENT#68 · 89,476 sh	89,476	$3.9M	0.02%	-15.0%
69	RHUMBLINE ADVISERS#69 · 88,773 sh	88,773	$3.9M	<0.01%	+5.6%
70	Invesco Ltd.#70 · 83,274 sh	83,274	$3.6M	<0.01%	-1.5%
71	ExodusPoint Capital Management#71 · 81,592 sh	81,592	$3.6M	0.02%	New
72	Cerity Partners#72 · 80,081 sh	80,081	$3.5M	<0.01%	+2.5%
73	STIFEL FINANCIAL#73 · 78,574 sh	78,574	$3.4M	<0.01%	-6.4%
74	RMB Capital Management#74 · 78,324 sh	78,324	$3.4M	0.05%	-20.4%
75	First Financial Bank - Division#75 · 75,779 sh	75,779	$3.3M	—	0.0%
76	MENDON CAPITAL ADVISORS#76 · 75,000 sh	75,000	$3.3M	1.16%	-23.1%
77	PRINCIPAL FINANCIAL GROUP#77 · 74,933 sh	74,933	$3.3M	<0.01%	+6.4%
78	UBS Group AG#78 · 74,836 sh	74,836	$3.3M	<0.01%	-43.2%
79	Verition Fund Management#79 · 74,527 sh	74,527	$3.3M	<0.01%	New
80	DARK FOREST CAPITAL MANAGEMENT#80 · 72,174 sh	72,174	$3.2M	0.20%	-17.8%
81	Schonfeld Strategic Advisors#81 · 69,722 sh	69,722	$3.0M	0.01%	+730.1%
82	OCCUDO QUANTITATIVE STRATEGIES#82 · 69,144 sh	69,144	$3.0M	0.16%	+20.2%
83	Inspire Advisors#83 · 67,888 sh	67,888	$3.0M	0.21%	-5.6%
84	IEQ CAPITAL#84 · 68,021 sh	68,021	$3.0M	0.01%	+33.6%
85	PRUDENTIAL FINANCIAL#85 · 67,873 sh	67,873	$3.0M	<0.01%	+594.9%
86	DEUTSCHE BANK AG\#86 · 67,265 sh	67,265	$2.9M	<0.01%	+12.7%
87	ADVISORY RESEARCH#87 · 65,315 sh	65,315	$2.9M	0.28%	-3.4%
88	Atom Investors#88 · 64,208 sh	64,208	$2.8M	0.25%	+8.1%
89	Russell Investments Group, Ltd.#89 · 63,561 sh	63,561	$2.8M	<0.01%	+85.7%
90	VANGUARD ASSET MANAGEMENT, Ltd#90 · 63,215 sh	63,215	$2.8M	<0.01%	+16.5%
91	BridgePort Financial Solutions#91 · 58,069 sh	58,069	$2.5M	0.65%	-0.1%
92	Y-Intercept (Hong Kong) Ltd#92 · 57,284 sh	57,284	$2.5M	—	-31.8%
93	XTX Topco Ltd#93 · 56,918 sh	56,918	$2.5M	0.03%	+294.9%
94	Quantinno Capital Management#94 · 55,686 sh	55,686	$2.4M	<0.01%	+87.7%
95	Round Hill Asset Management#95 · 54,531 sh	54,531	$2.4M	1.50%	-6.8%
96	Legal & General Group Plc#96 · 53,763 sh	53,763	$2.3M	<0.01%	+13.9%
97	HRT FINANCIAL#97 · 52,084 sh	52,084	$2.3M	<0.01%	-22.5%
98	SUSQUEHANNA FUNDAMENTAL INVESTMENTS#98 · 51,564 sh	51,564	$2.3M	0.04%	-3.5%
99	D. E. Shaw#99 · 49,198 sh	49,198	$2.1M	<0.01%	+45.2%
100	Vanguard Global Advisers#100 · 47,176 sh	47,176	$2.1M	<0.01%	-3.0%

Funds that sold out of FRME in Q2 2026 (22)

Held FRME at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held FRME in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
JANE STREET GROUP137,969 sh	137,969	$5.3M
BALYASNY ASSET MANAGEMENT L.P.37,175 sh	37,175	$1.4M
Connor, Clark & Lunn Investment Management Ltd.37,025 sh	37,025	$1.4M
Elo Mutual Pension Insurance23,424 sh	23,424	$907.2K
RENAISSANCE TECHNOLOGIES18,788 sh	18,788	$727.7K
ACADIAN ASSET MANAGEMENT17,075 sh	17,075	$661.0K
HSBC PLC9,761 sh	9,761	$379.2K
R Squared Ltd8,102 sh	8,102	$313.8K
Entropy Technologies6,964 sh	6,964	$269.7K
HEALTHCARE OF ONTARIO PENSION PLAN FUND3,349 sh	3,349	$129.7K
MAI Capital Management1,255 sh	1,255	$48.6K
THURSTON, SPRINGER, MILLER, HERD & TITAK1,000 sh	1,000	$38.7K
NOMURA ASSET MANAGEMENT LTD750 sh	750	$29.0K
NORTHWESTERN MUTUAL WEALTH MANAGEMENT558 sh	558	$21.6K
Root Financial Partners248 sh	248	$9.6K
Advisory Services Network186 sh	186	$7.2K
Sound Income Strategies89 sh	89	$3.5K
Innovative Asset Advisors Group14 sh	14	$542.00
Vermillion Wealth Management4 sh	4	$155.00
Caitong International Asset Management , Ltd2 sh	2	$77.00
TWIN PEAKS WEALTH ADVISORS1 sh	1	$39.00
CURIO WEALTH1 sh	1	$39.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.