FIRST MERCHANTS CORP

Muncie, IN · CIK 712534 · 13F filing filed 2025-07-23

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityFIRST MERCHANTS CORPORATION (US)

Others nearbyMuncie, IN

$2.6bn reported value +3.1% vs Q1 2025

371positions

31.3%in top 10

8 new 53 added 214 reduced 18 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	FMPW INST MONEY CASH EQUIVALENTS CASH EQUIVALENTS		223,101,623	$223.1m8.63%	8.63%	Reduced -6.7m	-6,656,977 -2.9%
2	VANGUARD 500 INDEX ADMIRAL COM VFIAX	VFIAX	209,833	$120.1m4.65%	4.65%	Reduced -407	-407 -0.2%
3	FED TTL RET BD CL R6 MUTUAL FUNDS FTRLX	FTRLX	8,791,303	$83.5m3.23%	3.23%	Reduced -82.9k	-82,932 -0.9%
4	FED SH INTRM TTL BD MUTUAL FUNDS SRBRX	SRBRX	7,731,027	$78.7m3.04%	3.04%	Added +137.2k	+137,162 1.8%
5	VANGUARD MID CAP INDEX ADMIRAL COM VIMAX	VIMAX	171,979	$59.6m2.31%	2.31%	Added +800	+800 0.5%
6	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	749,453	$59.0m2.28%	2.28%	Added +12.6k	+12,559 1.7%
7	MICROSOFT CORP COM MSFT	MSFT	105,498	$52.5m2.03%	2.03%	Reduced -2.8k	-2,791 -2.6%
8	BROADCOM INC COM AVGO	AVGO	175,306	$48.3m1.87%	1.87%	Reduced -20.8k	-20,786 -10.6%
9	APPLE INC COM AAPL	AAPL	214,726	$44.1m1.70%	1.70%	Reduced -11.9k	-11,894 -5.2%
10	ELI LILLY & CO COM LLY	LLY	50,141	$39.1m1.51%	1.51%	Added +325	+325 0.7%
11	SCHWAB FUNDAMENTAL INTL EQUITY INDEX FD SCHWAB MUTL FUNDS SFNNX	SFNNX	3,080,036	$38.7m1.50%	1.50%	Added +211.0k	+210,987 7.3%
12	FIDELITY CONTRAFUND COM FCNTX	FCNTX	1,640,300	$38.3m1.48%	1.48%	Reduced -38.6k	-38,650 -2.3%
13	VANGUARD EQUITY INCOME FUND ADMIRAL SHARES COM VEIRX	VEIRX	392,833	$36.6m1.42%	1.42%	Reduced -4.0k	-4,037 -1.0%
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	198,312	$34.9m1.35%	1.35%	Reduced -3.2k	-3,239 -1.6%
15	ISHARES TR CORE US AGGBD ET AGG	AGG	331,822	$32.9m1.27%	1.27%	Reduced -18.7k	-18,684 -5.3%
16	NORTH ULT-SH FIX INC MUTUAL FUNDS NUSFX	NUSFX	3,070,621	$31.7m1.23%	1.23%	Reduced -170.9k	-170,910 -5.3%
17	ISHARES TR U.S. TECH ETF IYW	IYW	181,849	$31.5m1.22%	1.22%	Reduced -4.7k	-4,710 -2.5%
18	ISHARES TR S&P 500 GRWT ETF IVW	IVW	264,520	$29.1m1.13%	1.13%	Reduced -4.8k	-4,755 -1.8%
19	VANGUARD SHORT-TERM BOND INDEX ADM BOND FUNDS VBIRX	VBIRX	2,785,247	$28.7m1.11%	1.11%	Reduced -38.4k	-38,374 -1.4%
20	AMAZON COM INC COM AMZN	AMZN	127,874	$28.1m1.09%	1.09%	Reduced -175	-175 -0.1%
21	NVIDIA CORPORATION COM NVDA	NVDA	170,820	$27.0m1.04%	1.04%	Added +20.7k	+20,691 13.8%
22	VANGUARD WORLD FD INF TECH ETF VGT	VGT	38,609	$25.6m0.99%	0.99%	Reduced -4.8k	-4,779 -11.0%
23	AMPHENOL CORP CL A APH	APH	259,117	$25.6m0.99%	0.99%	Reduced -2.4k	-2,417 -0.9%
24	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	44,252	$25.1m0.97%	0.97%	Reduced -1.9k	-1,917 -4.2%
25	ISHARES TR CORE S&P SCP ETF IJR	IJR	228,053	$24.9m0.96%	0.96%	Reduced -21.1k	-21,113 -8.5%
26	VANGUARD SMALL CAP INDEX ADM EQUITY FUNDS VSMAX	VSMAX	218,673	$24.8m0.96%	0.96%	Reduced -17.8k	-17,839 -7.5%
27	JPMORGAN CHASE & CO COM JPM	JPM	85,102	$24.7m0.95%	0.95%	Reduced -3.9k	-3,916 -4.4%
28	JANUS HENDERSON ENTERPRISE I NTF EQUITY FUNDS JMGRX	JMGRX	155,826	$22.9m0.89%	0.89%	Added +3.1k	+3,052 2.0%
29	STRYKER CORPORATION COM SYK	SYK	57,691	$22.8m0.88%	0.88%	Reduced -1.5k	-1,487 -2.5%
30	FRANKLIN ELEC INC COM FELE	FELE	251,290	$22.6m0.87%	0.87%	Added +2.9k	+2,881 1.2%
31	VISA INC COM CL A V	V	62,897	$22.3m0.86%	0.86%	Reduced -3.0k	-3,019 -4.6%
32	VANGUARD BD INDEX FDS INTERMED TERM BIV	BIV	280,173	$21.7m0.84%	0.84%	Added +12.5k	+12,526 4.7%
33	ISHARES TR S&P 500 VAL ETF IVE	IVE	105,938	$20.7m0.80%	0.80%	Reduced -667	-667 -0.6%
34	FIRST MERCHANTS CORP COM FRME	FRME	539,726	$20.7m0.80%	0.80%	Reduced -2.9k	-2,884 -0.5%
35	VANGUARD INTERNATIONAL GROWTH ADM EQUITY FUNDS VWILX	VWILX	170,809	$20.1m0.78%	0.78%	Added +12.8k	+12,820 8.1%
36	WCM FOCUSED INTERNATIONAL GROW EQUITY MUTUAL FU WCMIX	WCMIX	652,740	$17.8m0.69%	0.69%	Reduced -42.4k	-42,445 -6.1%
37	MFS MIDCAP VALUE R6 MUTUAL FUNDS MVCKX	MVCKX	547,786	$17.5m0.68%	0.68%	Added +25.6k	+25,648 4.9%
38	VANGUARD GROWTH INDEX ADMIRAL COM VIGAX	VIGAX	77,178	$17.4m0.67%	0.67%	Reduced -2.1k	-2,140 -2.7%
39	WALMART INC COM WMT	WMT	177,049	$17.3m0.67%	0.67%	Reduced -225	-225 -0.1%
40	COSTCO WHSL CORP NEW COM COST	COST	16,896	$16.7m0.65%	0.65%	Reduced -565	-565 -3.2%
41	VANGUARD TOTAL BOND MARKET INDEX ADM COM VBTLX	VBTLX	1,649,744	$16.0m0.62%	0.62%	Reduced -8.2k	-8,193 -0.5%
42	LAM RESEARCH CORP COM NEW LRCX	LRCX	157,273	$15.3m0.59%	0.59%	Reduced -24.7k	-24,692 -13.6%
43	DODGE & COX INCOME I COM DODIX	DODIX	1,206,639	$15.3m0.59%	0.59%	Reduced -73.5k	-73,549 -5.8%
44	MORGAN STANLEY INTL MUTUAL FUNDS MFAIX	MFAIX	541,215	$15.2m0.59%	0.59%	Added +16.4k	+16,434 3.1%
45	VANGUARD SHORT-TERM INVESTMENT-GRADE ADM BOND FUNDS VFSUX	VFSUX	1,433,256	$15.0m0.58%	0.58%	Reduced -78.3k	-78,336 -5.2%
46	Vanguard Intermediate-Term Tax-Exempt Fund MUTUAL FUND VWIUX	VWIUX	1,108,064	$14.9m0.58%	0.58%	Reduced -106.3k	-106,295 -8.8%
47	LOWES COS INC COM LOW	LOW	65,332	$14.5m0.56%	0.56%	Reduced -1.9k	-1,898 -2.8%
48	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	46,649	$14.4m0.56%	0.56%	Reduced -1.8k	-1,829 -3.8%
49	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	115,234	$14.2m0.55%	0.55%	Reduced -3.4k	-3,362 -2.8%
50	INVESCO ACTIVELY MANAGED EXC ULTRA SHRT DUR GSY	GSY	280,884	$14.1m0.54%	0.54%	Reduced -6.3k	-6,291 -2.2%
51	GRANT COUNTY STATE EQUITIES EQUITIES		13,030	$13.8m0.54%	0.54%	Reduced -2.3k	-2,280 -14.9%
52	META PLATFORMS INC CL A META	META	18,574	$13.7m0.53%	0.53%	Added +1.3k	+1,337 7.8%
53	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	44,274	$13.2m0.51%	0.51%	Reduced -1.3k	-1,283 -2.8%
54	ISHARES TR CORE MSCI EAFE IEFA	IEFA	157,682	$13.2m0.51%	0.51%	Added +7.2k	+7,171 4.8%
55	TJX COS INC NEW COM TJX	TJX	105,726	$13.1m0.51%	0.51%	Reduced -3.5k	-3,509 -3.2%
56	ISHARES TR S&P MC 400GR ETF IJK	IJK	142,899	$13.0m0.50%	0.50%	Reduced -3.7k	-3,714 -2.5%
57	CHUBB LIMITED COM CB	CB	44,127	$12.8m0.49%	0.49%	Reduced -1.6k	-1,649 -3.6%
58	PZENA EMERGING MKT MUTUAL FUNDS PZIEX	PZIEX	930,061	$12.8m0.49%	0.49%	Added +128.6k	+128,561 16.0%
59	AMERICAN CENTY ETF TR US SML CP VALU AVUV	AVUV	137,353	$12.5m0.48%	0.48%	Added +25.0k	+25,038 22.3%
60	BLACKROCK INC COM BLK	BLK	11,681	$12.3m0.47%	0.47%	Reduced -467	-467 -3.8%
61	HONEYWELL INTL INC COM COM		52,531	$12.2m0.47%	0.47%	Reduced -731	-731 -1.4%
62	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	19,313	$11.9m0.46%	0.46%	Reduced -168	-168 -0.9%
63	SERVICENOW INC COM NOW	NOW	11,393	$11.7m0.45%	0.45%	Added +160	+160 1.4%
64	SCHWAB CHARLES CORP COM SCHW	SCHW	123,423	$11.3m0.44%	0.44%	Reduced -2.5k	-2,493 -2.0%
65	Vanguard Value Index Adm COM VVIAX	VVIAX	155,362	$10.7m0.41%	0.41%	Reduced -926	-926 -0.6%
66	ABBVIE INC COM ABBV	ABBV	57,129	$10.6m0.41%	0.41%	Reduced -1.2k	-1,189 -2.0%
67	BROWN & BROWN INC COM BRO	BRO	91,055	$10.1m0.39%	0.39%	Reduced -858	-858 -0.9%
68	NORTHERN MIDCAP MUTUAL FUNDS NOMIX	NOMIX	482,444	$10.0m0.39%	0.39%	Reduced -35.1k	-35,101 -6.8%
69	JOHNSON & JOHNSON COM JNJ	JNJ	65,419	$10.0m0.39%	0.39%	Reduced -2.9k	-2,889 -4.2%
70	PROCTER AND GAMBLE CO COM PG	PG	62,635	$10.0m0.39%	0.39%	Reduced -2.0k	-1,994 -3.1%
71	WCM FOCUSED EMRG MKT MUTUAL FUNDS WCMEX	WCMEX	556,477	$9.8m0.38%	0.38%	Added +37.2k	+37,244 7.2%
72	HOME DEPOT INC COM HD	HD	26,466	$9.7m0.38%	0.38%	Reduced -730	-730 -2.7%
73	FORTINET INC COM FTNT	FTNT	91,635	$9.7m0.37%	0.37%	Reduced -2.4k	-2,354 -2.5%
74	ISHARES TR RUS MD CP GR ETF IWP	IWP	67,553	$9.4m0.36%	0.36%	Reduced -975	-975 -1.4%
75	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	102,875	$9.3m0.36%	0.36%	Reduced -535	-535 -0.5%
76	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	16,073	$9.1m0.35%	0.35%	Reduced -543	-543 -3.3%
77	LINDE PLC SHS LIN	LIN	19,269	$9.0m0.35%	0.35%	Reduced -1.1k	-1,071 -5.3%
78	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	65,926	$8.9m0.34%	0.34%	Reduced -1.4k	-1,422 -2.1%
79	T ROWE PRICE DIVIDEND GROWTH I NTF EQUITY FUNDS PDGIX	PDGIX	106,329	$8.8m0.34%	0.34%	Reduced -6.8k	-6,840 -6.0%
80	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	321,105	$8.5m0.33%	0.33%	Reduced -80.3k	-80,338 -20.0%
81	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	33,481	$8.5m0.33%	0.33%	Reduced -921	-921 -2.7%
82	ISHARES TR INTRM GOV CR ETF GVI	GVI	75,654	$8.1m0.31%	0.31%	Reduced -10.8k	-10,793 -12.5%
83	VANGUARD LTD-TERM TX-EX ADM COM VMLUX	VMLUX	738,628	$8.1m0.31%	0.31%	Added +2.2k	+2,236 0.3%
84	TEXAS INSTRS INC COM TXN	TXN	38,575	$8.0m0.31%	0.31%	Reduced -450	-450 -1.1%
85	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	15,745	$7.6m0.30%	0.30%	Reduced -648	-648 -4.0%
86	GS FIN SQ GOVT CASH EQUIVALENTS FGTXX	FGTXX	7,628,752	$7.6m0.30%	0.30%	Added +505.8k	+505,779 7.1%
87	DANAHER CORPORATION COM DHR	DHR	37,494	$7.4m0.29%	0.29%	Reduced -3.1k	-3,085 -7.6%
88	S&P GLOBAL INC COM SPGI	SPGI	13,802	$7.3m0.28%	0.28%	Added +7	+7 0.1%
89	EOG RES INC COM EOG	EOG	60,558	$7.2m0.28%	0.28%	Reduced -2.5k	-2,531 -4.0%
90	PEPSICO INC COM PEP	PEP	54,746	$7.2m0.28%	0.28%	Reduced -6.5k	-6,481 -10.6%
91	VANGUARD HIGH DIVIDEND Y EQUITY FUNDS VHYAX	VHYAX	178,911	$7.2m0.28%	0.28%	Reduced -4.0k	-3,970 -2.2%
92	MCDONALDS CORP COM MCD	MCD	24,097	$7.0m0.27%	0.27%	Added +1.7k	+1,728 7.7%
93	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	85,207	$6.9m0.27%	0.27%	Reduced -3.2k	-3,205 -3.6%
94	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		97,633	$6.8m0.26%	0.26%	Added +1.0k	+1,044 1.1%
95	SELECT SECTOR SPDR TR SBI CONS DISCR XLY	XLY	31,288	$6.8m0.26%	0.26%	Reduced -905	-905 -2.8%
96	NEXTERA ENERGY INC COM NEE	NEE	96,224	$6.7m0.26%	0.26%	Added +126	+126 0.1%
97	ABBOTT LABS COM ABT	ABT	49,108	$6.7m0.26%	0.26%	Reduced -5.0k	-4,988 -9.2%
98	ISHARES TR RUS MID CAP ETF IWR	IWR	72,582	$6.7m0.26%	0.26%	Reduced -5.9k	-5,898 -7.5%
99	COMCAST CORP NEW CL A CMCSA	CMCSA	181,074	$6.5m0.25%	0.25%	Reduced -10.6k	-10,640 -5.5%
100	BAE SYSTEMS PLC COM BAESY	BAESY	62,252	$6.4m0.25%	0.25%	Added +5.1k	+5,144 9.0%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
PERSONAL PROPERTY - INDIANAPOLI		1	$1.3m1 shares
GE AEROSPACE GE	GE	2,457	$491.8k2.5k shares
ISHARES TR EMB	EMB	5,116	$463.5k5.1k shares
ISHARES GOLD TR IAU	IAU	7,830	$461.7k7.8k shares
Truist Finl C 5.25 PFD PFD Ser O TFC 5.25 PERP O	TFC 5.25 PERP O	21,420	$455.6k21.4k shares
PAYCHEX INC PAYX	PAYX	2,003	$309.0k2.0k shares
FIRST TR MORNINGSTAR DIVID L FDL	FDL	6,714	$291.7k6.7k shares
US BANCORP DEL USB	USB	6,829	$288.3k6.8k shares
DOMINION ENERGY INC D	D	4,958	$278.0k5.0k shares
BRISTOL-MYERS SQUIBB CO BMY	BMY	4,050	$247.0k4.0k shares
JPMORGAN CHASE & CO JPM 4.625 PERP LL	JPM 4.625 PERP LL	12,160	$243.8k12.2k shares
INTERNATIONAL BUSINESS MACHS IBM	IBM	975	$242.4k975 shares
FLAGSTAR BK NATL ASSN CD 5.150 FBC 5.15 05.02.25	FBC 5.15 05.02.25	230,000	$230.1k230.0k shares
PUBLIC STORA 4.625 PFDPFD SER L PSA 4.625 PERP L	PSA 4.625 PERP L	11,000	$209.1k11.0k shares
AIR PRODS & CHEMS INC APD	APD	707	$208.5k707 shares
KRAFT HEINZ CO KHC	KHC	6,683	$203.4k6.7k shares
EATON VANCE STRATEGIC IN ESIIX	ESIIX	13,172	$88.0k13.2k shares
CUSTOM TRUCK ONE SOURCE INC CTOS	CTOS	20,000	$84.4k20.0k shares