FIRST MERCHANTS CORP
Sector Allocation
- Other66.2%$2.0B
- Technology16.0%$487.6M
- Financials5.4%$164.9M
- Healthcare4.0%$123.3M
- Consumer Discretionary2.8%$85.0M
- Consumer Staples1.8%$53.8M
- Industrials1.7%$52.3M
- Energy0.9%$27.3M
- Materials0.6%$17.4M
- Utilities0.3%$10.0M
AUM History
13fpro.ai/research/fund/first-merchants-corp-712534
Conviction and streaks
Concentrating · top 10 = 38.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
- FMPW$446.7M
- VANGUARD$144.3M
- FED$101.5M
- FED$94.0M
META
$68.0M- VANGUARD$64.5M
AAPL
$63.7MLLY
$61.5MGOOGL
$59.4M- SCHWAB$53.5M
MSFT
$53.3MAVGO
$44.7M- VANGUARD$44.0M
- TECH$42.5M
- FIDELITY$41.9M
- VANGUARD$40.4M
- VG$40.2M
- S&P$36.7M
NVDA
$36.1M- NORTH$35.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/first-merchants-corp-712534
FIRST MERCHANTS CORP 13F holdings — Q3 2026
$3.0B portfolio (+7.3% QoQ) · 361 holdings · Q3 2026 13F · top 10 are 38% of the stock portfolio
- 1
FMPW INST MONEY - Cash Equivalents
$446.7M
14.7% of stocks
+153%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
VANGUARD 500 INDEX A - Mutual Funds
$144.3M
4.7% of stocks
-1%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
FED SH INTRM TTL BD - Mutual Funds
$101.5M
3.3% of stocks
+3%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
FED TTL RET BD CL R6 - Mutual Funds
$94.0M
3.1% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy— $68.0M
2.2% of stocks
+2%This quarter-15.8%Since filed8+ qtrsHeld- 6
VANGUARD MID-CAP AD - Mutual Funds
$64.5M
2.1% of stocks
-4%This quarter—Since filed—HeldAIQuality—Est. buy— $63.7M
2.1% of stocks
-3%This quarter+1.5%Since filed8+ qtrsHeld$61.5M
2.0% of stocks
+5%This quarter+2.4%Since filed8+ qtrsHeld$59.4M
1.9% of stocks
-4%This quarter-8.1%Since filed8+ qtrsHeld- 10
SCHWAB FDMTL INTL LC - Mutual Funds
$53.5M
1.8% of stocks
-6%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FMPW INST MONEY - Cash Equivalents | $446.7M | 14.7% | +153% | — | — | — | — | |
| 2 | VANGUARD 500 INDEX A - Mutual Funds | $144.3M | 4.7% | -1% | — | — | — | — | |
| 3 | FED SH INTRM TTL BD - Mutual Funds | $101.5M | 3.3% | +3% | — | — | — | — | |
| 4 | FED TTL RET BD CL R6 - Mutual Funds | $94.0M | 3.1% | +4% | — | — | — | — | |
| 5 | $68.0M | 2.2% | +2% | -15.8% | 8+ qtrs | 78.0#57 | Estimated buy price is Pro: unlock with a free trial | ||
| 6 | VANGUARD MID-CAP AD - Mutual Funds | $64.5M | 2.1% | -4% | — | — | — | — | |
| 7 | $63.7M | 2.1% | -3% | +1.5% | 8+ qtrsTrimmed 2 qtrs in a row | 75.7#88 | Estimated buy price is Pro: unlock with a free trial | ||
| 8 | $61.5M | 2.0% | +5% | +2.4% | 8+ qtrs | 85.7#4 | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | $59.4M | 1.9% | -4% | -8.1% | 8+ qtrsTrimmed 7 qtrs in a row | 77.7#61 | Estimated buy price is Pro: unlock with a free trial | ||
| 10 | SCHWAB FDMTL INTL LC - Mutual Funds | $53.5M | 1.8% | -6% | — | — | — | — |
All holdings — FIRST MERCHANTS CORP (Q3 2026)
361 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | MICROSOFT CORP | Technology | $53.3M | 1.8% | 104K | +1% | 8+ qtrsAdded 2 qtrs in a row | 79.8 | 13F | |
| 12 | Broadcom Inc. | Technology | $44.7M | 1.5% | 127K | -4% | 8+ qtrsTrimmed 7 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | — | VANGUARD S&P 500 ETF - Equitiesetf/fund | — | $44.0M | 1.4% | 63K | +0.2% | — | — | 13F |
| 14 | — | TECH ISHARES ETF - Equitiesetf/fund | — | $42.5M | 1.4% | 160K | -0.9% | — | — | 13F |
| 15 | — | FIDELITY CONTRAFUND - Mutual Funds | — | $41.9M | 1.4% | 1.52M | +0.9% | — | — | 13F |
| 16 | — | VANGUARD EQUITY - Mutual Fundsetf/fund | — | $40.4M | 1.3% | 410K | +2% | — | — | 13F |
| 17 | — | VG INFO TECH ETF - Equitiesetf/fund | — | $40.2M | 1.3% | 320K | -4% | — | — | 13F |
| 18 | — | S&P 500 GR ISHR - Equities | — | $36.7M | 1.2% | 258K | +0.6% | — | — | 13F |
| 19 | NVIDIA CORP | Technology | $36.1M | 1.2% | 158K | -3% | 8+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | — | NORTH ULT-SH FIX INC - Mutual Funds | — | $35.2M | 1.2% | 3.43M | -0.3% | — | — | 13F |
| 21 | LAM RESEARCH CORP | Technology | $33.2M | 1.1% | 101K | -1% | 8+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | AMAZON COM INC | Consumer Discretionary | $32.5M | 1.1% | 131K | -3% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | AMPHENOL CORP /DE/ | Technology | $30.1M | 1.0% | 358K | +92% | 8+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | — | AGGREGATE BOND ISHR - Equitiesnote | — | $29.2M | 1.0% | 309K | +1% | — | — | 13F |
| 25 | — | PZENA EMERGING MKT - Mutual Funds | — | $28.8M | 0.9% | 1.69M | -0.5% | — | — | 13F |
| 26 | $JPM | JPMORGAN CHASE & CO | Financials | $28.0M | 0.9% | 85K | -3% | |||
| 27 | — | VANGUARD SHORT TERM - Mutual Funds | — | $27.5M | 0.9% | 2.76M | +0.2% | |||
| 28 | — | JANUS ENTERPRISE - Mutual Funds | — | $27.3M | 0.9% | 187K | -3% | |||
| 29 | — | VANGUARD INTL GR ADM - Mutual Funds | — | $27.2M | 0.9% | 224K | -3% | |||
| 30 | — | S&P S/C 600 CR ISHR - Equities | — | $26.9M | 0.9% | 198K | -4% | |||
| 31 | — | MFS MIDCAP VALUE R6 - Mutual Funds | — | $24.7M | 0.8% | 726K | -3% | |||
| 32 | $V | VISA INC. | Financials | $23.8M | 0.8% | 66K | -4% | |||
| 33 | — | VANGUARD SMALLCAP AD - Mutual Funds | — | $23.8M | 0.8% | 174K | -5% | |||
| 34 | — | AVANTIS US SMALL CAP - Equities | — | $23.3M | 0.8% | 198K | +0.0% | |||
| 35 | — | VAN INTER-TERM - Equities | — | $22.0M | 0.7% | 302K | +3% | |||
| 36 | — | S&P 500 VAL ISHR - Equities | — | $20.6M | 0.7% | 90K | +1% | |||
| 37 | $FRME | FIRST MERCHANTS CORP | Financials | $20.5M | 0.7% | 516K | -1% | |||
| 38 | — | ISHARES TR CORE MSCI - Equities | — | $20.1M | 0.7% | 207K | +7% | |||
| 39 | — | MORGAN STANLEY INTL - Mutual Funds | — | $19.6M | 0.6% | 731K | +0.1% | |||
| 40 | — | VANGUARD TAX EXEMPT - Mutual Funds | — | $19.5M | 0.6% | 1.50M | -7% | |||
| 41 | — | VANGUARD GRW IND ADM - Mutual Funds | — | $18.2M | 0.6% | 65K | -1% | |||
| 42 | $META | Meta Platforms, Inc. | Technology | $18.1M | 0.6% | 25K | +14% | |||
| 43 | — | WCM FOCUSED EMRG MKT - Mutual Funds | — | $16.8M | 0.6% | 689K | -5% | |||
| 44 | $SYK | STRYKER CORP | Healthcare | $16.2M | 0.5% | 59K | -4% | |||
| 45 | — | WCM FOCUSED INTL GR - Mutual Funds | — | $15.5M | 0.5% | 564K | -8% | |||
| 46 | — | VANGUARD TOTAL BOND - Mutual Funds | — | $15.1M | 0.5% | 1.64M | +3% | |||
| 47 | $ABBV | AbbVie Inc. | Healthcare | $14.9M | 0.5% | 57K | -4% | |||
| 48 | $WMT | Walmart Inc. | Consumer Staples | $14.5M | 0.5% | 140K | -5% | |||
| 49 | — | VANGUARD LIMITED TAX - Mutual Funds | — | $13.5M | 0.4% | 1.26M | +8% | |||
| 50 | — | TECHNOLOGY SEL ISH - Equities | — | $13.3M | 0.4% | 68K | -1.0% | |||
| 51 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $13.2M | 0.4% | 100K | -3% | |||
| 52 | $FTNT | Fortinet, Inc. | Technology | $13.1M | 0.4% | 73K | -25% | |||
| 53 | $CB | Chubb Ltd | Financials | $12.9M | 0.4% | 40K | -4% | |||
| 54 | $SPY | SPDR S&P 500 ETF TRUST | — | $12.8M | 0.4% | 17K | -1% | |||
| 55 | — | ISHARES 0-3 MO TRS - Equities | — | $12.6M | 0.4% | 125K | +22% | |||
| 56 | $JNJ | JOHNSON & JOHNSON | Healthcare | $12.3M | 0.4% | 46K | -6% | |||
| 57 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $12.3M | 0.4% | 13K | -5% | |||
| 58 | — | S&P M/C 400 GR ISHR - Equities | — | $11.9M | 0.4% | 109K | -8% | |||
| 59 | $IVZ | Invesco Ltd. | Financials | $11.9M | 0.4% | 239K | +3% | |||
| 60 | — | DODGE & COX INCOME - Mutual Funds | — | $11.8M | 0.4% | 986K | +0.1% | |||
| 61 | $SCHW | SCHWAB CHARLES CORP | Financials | $11.7M | 0.4% | 120K | -4% | |||
| 62 | — | S&P M/C 400 VAL ISHR - Equities | — | $11.6M | 0.4% | 84K | -8% | |||
| 63 | — | VANGUARD S/T INV GR - Mutual Funds | — | $11.5M | 0.4% | 1.14M | -2% | |||
| 64 | $BLK | BlackRock, Inc. | Financials | $11.3M | 0.4% | 11K | -5% | |||
| 65 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $11.0M | 0.4% | 60K | -3% | |||
| 66 | — | VANGUARD VALUE - Mutual Funds | — | $10.8M | 0.3% | 128K | -0.6% | |||
| 67 | — | VANGUARD RUSSELL 1000 VALUE IND - Equities | — | $10.6M | 0.3% | 97K | — | |||
| 68 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $10.4M | 0.3% | 72K | -3% | |||
| 69 | — | GRANT COUNTY STATE - Equities | — | $10.2M | 0.3% | 8,340 | — | |||
| 70 | $AME | AMETEK INC/ | Industrials | $9.8M | 0.3% | 40K | -5% | |||
| 71 | — | RUSSEL MC GR IN ISH - Equities | — | $9.7M | 0.3% | 71K | +3% | |||
| 72 | — | HEALTHCARE SPDR - Equities | — | $9.5M | 0.3% | 56K | -1% | |||
| 73 | $TXN | TEXAS INSTRUMENTS INC | Technology | $9.2M | 0.3% | 33K | -5% | |||
| 74 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $9.1M | 0.3% | 20K | -0.7% | |||
| 75 | — | MSCI EMERG MKTS - Equities | — | $9.0M | 0.3% | 111K | +5% | |||
| 76 | $MDY | SPDR S&P MIDCAP 400 ETF TRUST | — | $8.9M | 0.3% | 14K | -4% | |||
| 77 | $ORLY | O REILLY AUTOMOTIVE INC | Consumer Discretionary | $8.8M | 0.3% | 103K | -4% | |||
| 78 | $LIN | LINDE PLC | Materials | $8.7M | 0.3% | 18K | -4% | |||
| 79 | $CAT | CATERPILLAR INC | Industrials | $8.3M | 0.3% | 10K | -0.7% | |||
| 80 | — | NORTHERN MIDCAP - Mutual Funds | — | $7.7M | 0.3% | 338K | -3% | |||
| 81 | — | VANGUARD HIGH DIV YD - Mutual Funds | — | $7.5M | 0.3% | 161K | -2% | |||
| 82 | $SPGI | S&P Global Inc. | Financials | $7.5M | 0.3% | 19K | -2% | |||
| 83 | $CMI | CUMMINS INC | Industrials | $7.5M | 0.3% | 14K | -1% | |||
| 84 | $EOG | EOG RESOURCES INC | Energy | $7.4M | 0.2% | 54K | -4% | |||
| 85 | $RTX | RTX Corp | Industrials | $7.4M | 0.2% | 40K | +3% | |||
| 86 | $CVX | CHEVRON CORP | Energy | $7.1M | 0.2% | 35K | -0.8% | |||
| 87 | $ACN | Accenture plc | Technology | $7.1M | 0.2% | 39K | -8% | |||
| 88 | — | RUSSELL MC IND ISH - Equities | — | $7.0M | 0.2% | 66K | -3% | |||
| 89 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $7.0M | 0.2% | 14K | -2% | |||
| 90 | $DHR | DANAHER CORP /DE/ | Healthcare | $7.0M | 0.2% | 32K | -5% | |||
| 91 | — | VANGUARD INFOTEC IDX - Mutual Funds | — | $7.0M | 0.2% | 14K | -2% | |||
| 92 | $CSCO | CISCO SYSTEMS, INC. | Technology | $6.8M | 0.2% | 63K | -0.4% | |||
| 93 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $6.6M | 0.2% | 23K | -2% | |||
| 94 | — | BAE SYSTEMS PLC ADR - Equities | — | $6.6M | 0.2% | 63K | -6% | |||
| 95 | — | T ROWE PRICE DIVID - Mutual Funds | — | $6.4M | 0.2% | 74K | -3% | |||
| 96 | — | RUSSELL MC VI IN ISH - Equities | — | $6.3M | 0.2% | 39K | +4% | |||
| 97 | — | SCHW ST US DIV EQ - Equities | — | $6.2M | 0.2% | 191K | -4% | |||
| 98 | $PEP | PEPSICO INC | Consumer Staples | $6.2M | 0.2% | 49K | -3% | |||
| 99 | $NOW | ServiceNow, Inc. | Technology | $6.2M | 0.2% | 46K | -4% | |||
| 100 | — | CONSUMER DISC SPDR - Equities | — | $6.1M | 0.2% | 56K | -0.2% | |||
| 101 | — | FINANCIAL SPDR - Equities | — | $6.0M | 0.2% | 113K | -0.8% | |||
| 102 | — | VAN MID-CAP ETF - Equities | — | $6.0M | 0.2% | 77K | +0.5% | |||
| 103 | — | VANGUARD INTERMED - Mutual Funds | — | $5.9M | 0.2% | 708K | +10% | |||
| 104 | $CFR | CULLEN/FROST BANKERS, INC. | Financials | $5.8M | 0.2% | 38K | -4% | |||
| 105 | $MCD | MCDONALDS CORP | Consumer Discretionary | $5.6M | 0.2% | 24K | -6% | |||
| 106 | — | CONSUMER STAPLE SPDR - Equities | — | $5.5M | 0.2% | 69K | -1% | |||
| 107 | $COP | CONOCOPHILLIPS | Energy | $5.5M | 0.2% | 44K | -6% | |||
| 108 | $ECL | ECOLAB INC. | Materials | $5.4M | 0.2% | 20K | -4% | |||
| 109 | — | GS FIN SQ GOVT - Cash Equivalents | — | $5.4M | 0.2% | 5.41M | +38% | |||
| 110 | $ETN | Eaton Corp plc | Industrials | $5.4M | 0.2% | 13K | -2% | |||
| 111 | — | VAN SMALL-CAP ETF - Equities | — | $5.2M | 0.2% | 18K | — | |||
| 112 | $BRO | BROWN & BROWN, INC. | Financials | $5.1M | 0.2% | 83K | -6% | |||
| 113 | — | S&P M/C 400 ISHR - Equities | — | $5.0M | 0.2% | 70K | +4% | |||
| 114 | — | COMM SERVICES - Equities | — | $4.9M | 0.2% | 44K | -0.6% | |||
| 115 | $FELE | FRANKLIN ELECTRIC CO INC | Technology | $4.6M | 0.1% | 48K | -52% | |||
| 116 | $CEG | Constellation Energy Corp | Utilities | $4.6M | 0.1% | 18K | -3% | |||
| 117 | — | INDUSTRIAL SPDR - Equities | — | $4.6M | 0.1% | 28K | +16% | |||
| 118 | — | CDM ASSOC LLC - Other Assets | — | $4.6M | 0.1% | 40 | — | |||
| 119 | $STT | STATE STREET CORP | Financials | $4.5M | 0.1% | 110K | -4% | |||
| 120 | $SNPS | SYNOPSYS INC | Technology | $4.3M | 0.1% | 9,877 | -6% | |||
| 121 | $LHX | L3HARRIS TECHNOLOGIES, INC. /DE/ | Technology | $4.2M | 0.1% | 18K | -3% | |||
| 122 | — | MATERIALS SPDR - Equities | — | $4.1M | 0.1% | 85K | -2% | |||
| 123 | — | RUSSELL 2000 ISHR - Equities | — | $4.0M | 0.1% | 14K | +0.9% | |||
| 124 | — | ENERGY SPDR - Equities | — | $3.9M | 0.1% | 63K | -0.7% | |||
| 125 | $ADP | AUTOMATIC DATA PROCESSING INC | Technology | $3.8M | 0.1% | 15K | -5% | |||
| 126 | — | DODGE & COX INTL FD - Mutual Funds | — | $3.7M | 0.1% | 209K | -1% | |||
| 127 | — | VANGUARD SH TX ADM - Mutual Funds | — | $3.7M | 0.1% | 238K | -0.9% | |||
| 128 | $VLO | VALERO ENERGY CORP/TX | Energy | $3.7M | 0.1% | 9,561 | -4% | |||
| 129 | $BALL | BALL Corp | Industrials | $3.6M | 0.1% | 64K | -8% | |||
| 130 | $ABT | ABBOTT LABORATORIES | Healthcare | $3.5M | 0.1% | 36K | -9% | |||
| 131 | $PM | Philip Morris International Inc. | Consumer Staples | $3.5M | 0.1% | 18K | -0.2% | |||
| 132 | $AMP | AMERIPRISE FINANCIAL INC | Financials | $3.5M | 0.1% | 7,144 | -5% | |||
| 133 | $DIS | Walt Disney Co | Communication Services | $3.5M | 0.1% | 33K | -6% | |||
| 134 | $UNP | UNION PACIFIC CORP | Industrials | $3.4M | 0.1% | 13K | +8% | |||
| 135 | $AMGN | AMGEN INC | Healthcare | $3.4M | 0.1% | 8,092 | -5% | |||
| 136 | — | FPA NEW INCOME - Mutual Funds | — | $3.4M | 0.1% | 349K | -21% | |||
| 137 | — | FIDELITY S/T TRS BD - Mutual Funds | — | $3.3M | 0.1% | 331K | -4% | |||
| 138 | $CPRT | COPART INC | Consumer Discretionary | $3.3M | 0.1% | 121K | -6% | |||
| 139 | — | VANGUARD WNDSR AD II - Mutual Funds | — | $3.2M | 0.1% | 36K | -3% | |||
| 140 | — | QUICKSILVER ENT LLC - Other Assets | — | $3.1M | 0.1% | 100 | — | |||
| 141 | $NFLX | NETFLIX INC | Communication Services | $3.1M | 0.1% | 44K | -0.4% | |||
| 142 | — | DFA SMALL CAP VALUE - Mutual Funds | — | $3.0M | 0.1% | 51K | -0.2% | |||
| 143 | — | VANGUARD L/C INDEX ADM - Mutual Funds | — | $3.0M | 0.1% | 17K | -6% | |||
| 144 | $GOOG | Alphabet Inc. | Technology | $2.9M | 0.1% | 8,542 | -5% | |||
| 145 | — | VANGD TX MNGD S/C - Mutual Funds | — | $2.9M | 0.1% | 26K | -0.3% | |||
| 146 | $INTC | INTEL CORP | Technology | $2.7M | 0.1% | 23K | -0.1% | |||
| 147 | — | BEAMAN FAMILY FARMS - Equities | — | $2.7M | 0.1% | 1 | — | |||
| 148 | $NEE | NEXTERA ENERGY INC | Utilities | $2.6M | 0.1% | 35K | -15% | |||
| 149 | — | MSCI EMG MKT IND ISH - Equities | — | $2.6M | 0.1% | 39K | -1% | |||
| 150 | — | S&P 500 INDEX - Equities | — | $2.5M | 0.1% | 3,274 | +0.0% |
What changed in Q3 2026
Against the previous quarter's 13F: 9 new, 64 added to, 190 trimmed, 8 sold out. Share-count changes; largest moves by dollar size first.
New positions (9)
$AGFIRST MAJESTIC SILVER CORP$478K
first bought this quarter
- AMERICAN INCOME FUND - Mutual Funds$418K
first bought this quarter
- THORNBRG INVEST INC - Mutual Funds$314K
first bought this quarter
- FIRST EAGLE GLOBAL - Mutual Funds$307K
first bought this quarter
$PSLVSprott Physical Silver Trust$272K
first bought this quarter
$CRMSalesforce, Inc.$265K
first bought this quarter
+3 more in the Excel export
Added to (64)
- FMPW INST MONEY - Cash Equivalents+153%
now $446.7M
$APHAMPHENOL CORP /DE/+92%
now $30.1M · held 8+ qtrs
- FED TTL RET BD CL R6 - Mutual Funds+4%
now $94.0M
- FED SH INTRM TTL BD - Mutual Funds+3%
now $101.5M
now $61.5M · held 8+ qtrs
- ISHARES 0-3 MO TRS - Equities+22%
now $12.6M
+58 more in the Excel export
Trimmed (190)
$FELEFRANKLIN ELECTRIC CO INC-52%
now $4.6M · held 8+ qtrs
$FTNTFortinet, Inc.-25%
now $13.1M · held 8+ qtrs, 2 trims in a row
- SCHWAB FDMTL INTL LC - Mutual Funds-6%
now $53.5M
$SAPSAP SE-91%
now $258K · held 5 qtrs, 2 trims in a row
- VANGUARD MID-CAP AD - Mutual Funds-4%
now $64.5M
now $59.4M · held 8+ qtrs, 7 trims in a row
+184 more in the Excel export
Sold out (8)
$XOM.R34088EXXON MOBIL CORPwas $7.3M
held 7+ qtrs
$KLACKLA CORPwas $290K
held 1 qtr
- TROWE S/C VALUE - Mutual Fundswas $272K
$KEYKEYCORP /NEW/was $228K
held 1 qtr
$GEVGE Vernova Inc.was $207K
held 1 qtr
$USBUS BANCORP DEwas $201K
+2 more in the Excel export
Holdings by quarter
Every 13F FIRST MERCHANTS CORP has filed, 42 earlier quarters. Pick one to see what it held then.
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Q3 2026 13F filed with the SEC on Oct 15, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of FIRST MERCHANTS's top 20 holdings: 77/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-4.5%
Value-weighted move of the 10 largest stock positions
Turnover
3%
Last quarter; 12% over the last 4
Top 10 weight
38%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
100%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
FIRST MERCHANTS CORP disclosed 361 positions worth $3.0B in its Form 13F-HR for Q3 2026. During the quarter the fund opened 9 new positions and exited 8 — including a new stake in $AG and a full exit from $XOM.R34088. The portfolio is most concentrated in Other (66.2% of disclosed assets). All figures are sourced directly from FIRST MERCHANTS CORP’s Form 13F-HR filing with the SEC under CIK 712534.
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AI-Powered Hedge Fund Analysis: FIRST MERCHANTS CORP
13F Pro is an AI hedge fund tracker and stock research platform. For FIRST MERCHANTS CORP (SEC CIK: 712534), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in FIRST MERCHANTS CORP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.