Security Snapshot

FIRST MERCHANTS CORP - Common Stock (FRME) Institutional Ownership

CUSIP: 320817109

13F Institutional Holders and Ownership History from Q1 2014 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

278

Shares (Excl. Options)

43,900,596

Price

$37.48

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Type / Class
Equity / Common Stock
Symbol
FRME on Nasdaq
Shares outstanding
63,473,889
Price per share
$41.13
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
43,900,596
Total reported value
$1,645,518,309
% of total 13F portfolios
0%
Share change
-208,716
Value change
-$7,939,034
Number of holders
278
Price from insider filings
$41.13
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • FRME - FIRST MERCHANTS CORP - Common Stock is tracked under CUSIP 320817109.
  • 278 institutions reported positions in Q4 2025.
  • 3 significant owners is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 278 to 99 between Q4 2025 and Q1 2026.
  • Reported value moved from $1,645,518,309 to $182,536,904.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 278 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 320817109?
CUSIP 320817109 identifies FRME - FIRST MERCHANTS CORP - Common Stock in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

Significant Owners of FIRST MERCHANTS CORP - Common Stock (FRME) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BlackRock, Inc. 7.6% $166,157,736 4,407,367 BlackRock, Inc. 30 Sep 2025
VANGUARD PORTFOLIO MANAGEMENT LLC 5.4% $131,995,558 3,408,096 Vanguard Portfolio Management 31 Mar 2026
VANGUARD CAPITAL MANAGEMENT LLC 5% $123,900,523 3,199,084 Vanguard Capital Management 31 Mar 2026

As of 31 Dec 2025, 278 institutional investors reported holding 43,900,596 shares of FIRST MERCHANTS CORP - Common Stock (FRME). This represents 69% of the company’s total 63,473,889 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of FIRST MERCHANTS CORP - Common Stock (FRME) together control 52% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 9.4% 5,983,901 -1.6% 0% $224,276,610
BlackRock, Inc. 7.3% 4,643,686 +1.7% 0% $174,045,338
DIMENSIONAL FUND ADVISORS LP 5.2% 3,318,040 -1.9% 0.03% $124,360,684
EARNEST PARTNERS LLC 3.6% 2,310,372 -5.5% 0.37% $86,592,743
STATE STREET CORP 3.1% 1,974,973 -3.9% 0% $74,021,988
GEODE CAPITAL MANAGEMENT, LLC 2.3% 1,431,840 +0.14% 0% $53,674,515
Capital International Investors 2.1% 1,346,300 0% 0.01% $50,459,324
Nuveen, LLC 1.7% 1,058,247 +11% 0.01% $39,663,098
VICTORY CAPITAL MANAGEMENT INC 1.5% 956,197 +0.92% 0.02% $35,838,263
GOLDMAN SACHS GROUP INC 1.5% 929,244 -1.3% 0% $34,828,058
SYSTEMATIC FINANCIAL MANAGEMENT LP 1.2% 778,328 +2.1% 0.69% $29,171,779
Bank of New York Mellon Corp 1.2% 764,136 +14% 0.01% $28,639,815
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 1.2% 763,904 -9.4% 0.08% $28,631,122
FIRST TRUST ADVISORS LP 1.1% 715,488 +15% 0.02% $26,816,490
PL Capital Advisors, LLC 1.1% 686,333 0% 8.1% $25,723,761
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.1% 681,888 -0.63% 0% $25,557,162
FJ Capital Management LLC 1% 633,668 +115% 2.6% $23,749,877
Qube Research & Technologies Ltd 0.99% 627,759 +60% 0.03% $23,528,407
JPMORGAN CHASE & CO 0.95% 605,427 -12% 0% $22,691,405
NORTHERN TRUST CORP 0.89% 566,386 -7.6% 0% $21,228,147
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.86% 546,322 0% 0.08% $20,476,000
FIRST MERCHANTS CORP 0.84% 534,739 -0.93% 0.74% $20,042,018
MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.69% 437,278 -3% 0.01% $16,389,179
Ceredex Value Advisors LLC 0.65% 413,950 +21% 0.47% $15,514,846
RAYMOND JAMES FINANCIAL INC 0.65% 410,023 -8.9% 0% $15,432,745

Institutional Holders of FIRST MERCHANTS CORP - Common Stock (FRME) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 4,711,718 $182,536,904 +$708,051 $38.73 99
2025 Q4 43,900,596 $1,645,518,309 -$7,939,034 $37.48 278
2025 Q3 44,258,584 $1,668,582,149 +$747,345 $37.70 279
2025 Q2 44,162,486 $1,691,707,843 -$3,726,070 $38.30 275
2025 Q1 44,261,310 $1,789,927,388 +$46,576,191 $40.44 270
2024 Q4 43,653,017 $1,741,685,838 +$23,330,384 $39.89 251
2024 Q3 43,074,015 $1,604,926,877 +$15,500,908 $37.20 242
2024 Q2 42,623,203 $1,419,137,591 -$12,521,366 $33.29 225
2024 Q1 42,986,006 $1,499,866,739 -$33,010,205 $34.90 232
2023 Q4 43,872,351 $1,626,693,137 +$38,861,895 $37.08 226
2023 Q3 43,006,393 $1,196,466,774 +$8,727,420 $27.82 211
2023 Q2 42,769,905 $1,208,592,156 -$20,681,846 $28.23 209
2023 Q1 43,258,444 $1,424,668,054 -$2,461,979 $32.95 207
2022 Q4 43,273,840 $1,779,170,516 +$9,989,035 $41.11 229
2022 Q3 43,039,509 $1,665,468,369 -$10,205,922 $38.68 214
2022 Q2 43,279,033 $1,542,209,681 +$44,085,929 $35.62 213
2022 Q1 42,231,336 $1,756,838,772 +$107,093,068 $41.60 203
2021 Q4 39,672,832 $1,661,618,500 -$115,743 $41.89 199
2021 Q3 39,659,699 $1,658,173,238 -$3,348,894 $41.84 205
2021 Q2 40,581,254 $1,691,214,955 -$5,089,213 $41.67 195
2021 Q1 40,678,379 $1,891,866,077 +$2,351,835 $46.50 190
2020 Q4 40,711,812 $1,524,687,099 +$87,539,964 $37.41 182
2020 Q3 38,590,562 $894,991,503 -$20,891,351 $23.16 180
2020 Q2 39,252,612 $1,081,156,532 +$14,404,129 $27.57 176
2020 Q1 38,768,321 $1,026,842,250 -$35,990,855 $26.49 178
2019 Q4 39,764,182 $1,653,777,942 +$60,989 $41.59 194
2019 Q3 39,869,880 $1,501,274,624 +$106,739,711 $37.64 178
2019 Q2 37,019,664 $1,402,781,228 +$41,240,259 $37.90 180
2019 Q1 36,611,794 $1,349,206,976 +$29,077,568 $36.85 189
2018 Q4 35,842,684 $1,228,373,237 +$676,740 $34.27 201
2018 Q3 35,665,934 $1,602,688,194 +$24,439,570 $44.99 192
2018 Q2 35,105,144 $1,628,991,489 +$31,544,217 $46.40 193
2018 Q1 34,446,939 $1,436,490,913 -$6,481,013 $41.70 191
2017 Q4 34,763,979 $1,462,247,431 +$3,382,284 $42.06 186
2017 Q3 34,406,121 $1,476,903,932 +$56,172,393 $42.93 184
2017 Q2 33,083,809 $1,328,101,681 +$32,086,788 $40.14 174
2017 Q1 32,300,084 $1,270,233,971 +$160,946,122 $39.32 167
2016 Q4 30,904,302 $1,163,298,165 +$29,840,224 $37.65 169
2016 Q3 30,584,779 $818,147,822 -$2,064,054 $26.75 155
2016 Q2 30,665,095 $764,579,653 +$2,566,230 $24.93 147
2016 Q1 30,562,767 $720,426,795 +$14,444,529 $23.57 148
2015 Q4 29,856,891 $759,029,530 -$2,127,801 $25.42 135
2015 Q3 29,976,937 $785,224,814 +$62,216,029 $26.22 132
2015 Q2 27,651,623 $682,998,719 +$5,827,886 $24.70 138
2015 Q1 27,431,915 $645,584,101 +$10,021,803 $23.54 143
2014 Q4 27,017,093 $614,588,823 +$16,406,583 $22.75 145
2014 Q3 26,558,664 $536,751,070 +$15,405,470 $20.21 141
2014 Q2 25,794,496 $545,066,573 +$11,105,335 $21.14 131
2014 Q1 25,258,932 $546,627,144 +$4,805,021 $21.64 119
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