Vault-13

FIRST MERCHANTS CORP FRME

COM · Common Stock · CUSIP 320817109

Bank headquartered in East Central Indiana

220 institutional holders
42,939,40442.9m shares reported held*
72.1% of all shares outstanding*
$1.7bnreported value*

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.5m this quarter). Holder counts are more reliable. Shares outstanding: 59.6m as of 2022-11-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $38.70. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Biggest calls

Biggest puts

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-10-17 7.6% 4.4m≈ $192.6m 2025-10-17
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.4% new 3.4m≈ $148.9m 2026-04-29
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.0% new 3.2m≈ $139.8m 2026-04-29

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)

Insider purchases and sales in Q3 2022

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 20: 0 buyingQ4 20: 0 sellingQ1 21: 0 buyingQ1 21: 0 sellingQ1 21Q2 21: 0 buyingQ2 21: 0 sellingQ3 21: 0 buyingQ3 21: 0 sellingQ3 21Q4 21: 1 buyingQ4 21: 1 sellingQ1 22: 1 buyingQ1 22: 0 sellingQ1 22Q2 22: 1 buyingQ2 22: 1 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20200—0——
Q1 20210—0——
Q2 20210—0——
Q3 20210—0——
Q4 20211$1.5k1$127.3k—
Q1 20221$1.5k0——
Q2 20221$1,0001$478.0k—
Q3 20220—0——

None reported in Q3 2022.

Holders, Q3 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 6,261,0856.3m $242.2m $242.2m 0.01% —
2 BlackRock Inc. 0.01% of their portfolio New York, NY 4,003,4004.0m $154.9m $154.9m 0.01% —
3 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 2,799,9432.8m $108.3m $108.3m 0.04% —
4 EARNEST PARTNERS LLC 0.67% of their portfolio ATLANTA, GA 2,589,3092.6m $100.2m $100.2m 0.67% —
5 CARDINAL CAPITAL MANAGEMENT LLC /CT 3.14% of their portfolio GREENWICH, CT 2,359,0982.4m $91.2m $91.2m 3.14% —
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,604,7951.6m $62.1m $62.1m 0.00% —
7 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,074,9981.1m $41.6m $41.6m 0.01% —
8 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 1,037,6051.0m $40.1m $40.1m 0.03% —
9 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,009,8171.0m $39.1m $39.1m 0.01% —
10 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 928,311928.3k $35.9m $35.9m 0.03% —
11 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 925,894925.9k $35.8m $35.8m 0.04% —
12 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio CHICAGO, IL 923,686923.7k $35.7m $35.7m 0.14% —
13 DEPRINCE RACE & ZOLLO INC 0.88% of their portfolio Winter Park, FL 888,383888.4k $34.4m $34.4m 0.88% —
14 Boston Partners 0.05% of their portfolio BOSTON, MA 798,011798.0k $31.6m $31.6m 0.05% —
15 PL Capital Advisors, LLC 8.50% of their portfolio NAPLES, FL 763,333763.3k $29.1m $29.1m 8.50% —
16 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 737,172737.2k $28.5m $28.5m 0.01% —
17 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 716,404716.4k $27.7m $27.7m 0.01% —
18 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 669,165669.2k $25.9m $25.9m 0.01% —
19 SYSTEMATIC FINANCIAL MANAGEMENT LP 0.91% of their portfolio TEANECK, NJ 647,548647.5k $25.0m $25.0m 0.91% —
20 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 635,495635.5k $24.6m $24.6m 0.02% —
21 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.13% of their portfolio DENVER, CO 584,077584.1k $22.6m $22.6m 0.13% —
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 562,681562.7k $21.8m $21.8m 0.00% —
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 554,255554.3k $21.4m $21.4m 0.01% —
24 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 539,715539.7k $20.9m $20.9m 0.03% —
25 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 502,475502.5k $19.4m $19.4m 0.03% —
26 NORGES BANK 0.00% of their portfolio OSLO, Q8 452,533452.5k $17.5m $17.5m 0.00% —
27 EAGLE ASSET MANAGEMENT INC 0.11% of their portfolio ST PETERSBURG, FL 443,138443.1k $17.1m $17.1m 0.11% —
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 416,171416.2k $16.1m $16.1m 0.00% —
29 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 389,014389.0k $15.0m $15.0m 0.03% —
30 NEUMEIER POMA INVESTMENT COUNSEL LLC 1.44% of their portfolio CARMEL, CA 375,430375.4k $14.5m $14.5m 1.44% —
31 KENNEDY CAPITAL MANAGEMENT LLC 0.36% of their portfolio ST LOUIS, MO 319,080319.1k $12.3m $12.3m 0.36% —
32 GUGGENHEIM CAPITAL LLC 0.10% of their portfolio CHICAGO, IL 285,321285.3k $11.0m $11.0m 0.10% —
33 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 262,760262.8k $10.2m $10.2m 0.01% —
34 Pier Capital, LLC 1.62% of their portfolio STAMFORD, CT 242,992243.0k $9.4m $9.4m 1.62% —
35 Phocas Financial Corp. 1.38% of their portfolio ALAMEDA, CA 230,732230.7k $8.9m $8.9m 1.38% —
36 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 212,276212.3k $8.2m $8.2m 0.02% —
37 ProShare Advisors LLC 0.03% of their portfolio BETHESDA, MD 203,784203.8k $7.9m $7.9m 0.03% —
38 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.21% of their portfolio HOUSTON, TX 203,167203.2k $7.9m $7.9m 0.21% —
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 192,061192.1k $7.4m $7.4m 0.00% —
40 STRS OHIO 0.04% of their portfolio COLUMBUS, OH 191,200191.2k $7.4m $7.4m 0.04% —
41 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 171,845171.8k $6.6m $6.6m 0.00% —
42 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 170,118170.1k $6.6m $6.6m 0.01% —
43 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 156,543156.5k $6.1m $6.1m 0.01% —
44 Swiss National Bank 0.00% of their portfolio ZURICH, V8 140,962141.0k $5.5m $5.5m 0.00% —
45 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 134,111134.1k $5.2m $5.2m 0.02% —
46 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 118,671118.7k $4.6m $4.6m 0.02% —
47 Petiole USA ltd 3.38% of their portfolio New York, NY 117,547117.5k $4.5m $4.5m 3.38% —
48 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 112,862112.9k $4.4m $4.4m 0.01% —
49 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 107,273107.3k $4.1m $4.1m 0.01% —
50 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 106,989107.0k $4.1m $4.1m 0.00% —
51 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 100,458100.5k $3.9m $3.9m 0.00% —
52 EJF Capital LP 0.71% of their portfolio Arlington, VA 93,04193.0k $3.6m $3.6m 0.71% —
53 Siena Capital Partners GP, LLC 1.17% of their portfolio EVANSTON, IL 89,65689.7k $3.5m $3.5m 1.17% —
54 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 88,44888.4k $3.4m $3.4m 0.01% —
55 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 87,16387.2k $3.4m $3.4m 0.00% —
56 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 86,78086.8k $3.4m $3.4m 0.00% —
57 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 84,46984.5k $3.3m $3.3m 0.00% —
58 FIRST MERCHANTS CORP 0.32% of their portfolio Muncie, IN 82,81582.8k $3.2m $3.2m 0.32% —
59 FIRST FINANCIAL BANK - TRUST DIVISION 0.36% of their portfolio HAMILTON, OH 75,77975.8k $2.9m $2.9m 0.36% —
60 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 73,77273.8k $2.9m $2.9m 0.00% —
61 BRR OpCo, LLC 0.33% of their portfolio COLUMBUS, OH 68,66268.7k $2.7m $2.7m 0.33% —
62 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 67,44967.4k $2.6m $2.6m 0.01% —
63 Brandywine Global Investment Management, LLC 0.02% of their portfolio PHILADELPHIA, PA 67,05267.1k $2.6m $2.6m 0.02% —
64 Mariner, LLC 0.01% of their portfolio Overland Park, KS 63,68963.7k $2.5m $2.5m 0.01% —
65 OLD NATIONAL BANCORP /IN/ 0.04% of their portfolio EVANSVILLE, IN 63,47063.5k $2.5m $2.5m 0.04% —
66 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 62,69762.7k $2.4m $2.4m 0.00% —
67 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 58,85458.9k $2.3m $2.3m 0.01% —
68 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 58,01058.0k $2.2m $2.2m 0.00% —
69 ADVISORY RESEARCH INC 0.22% of their portfolio CHICAGO, IL 57,17957.2k $2.2m $2.2m 0.22% —
70 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 55,34755.3k $2.1m $2.1m 0.01% —
71 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 52,04552.0k $2.0m $2.0m 0.00% —
72 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 51,25451.3k $2.0m $2.0m 0.00% —
73 PARK NATIONAL CORP /OH/ 0.10% of their portfolio NEWARK, OH 50,94750.9k $2.0m $2.0m 0.10% —
74 Legal & General Group Plc 0.00% of their portfolio London, X0 50,56550.6k $2.0m $2.0m 0.00% —
75 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 47,81347.8k $1.8m $1.8m 0.00% —
76 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 44,29444.3k $1.7m $1.7m 0.00% —
77 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 38,92938.9k $1.5m $1.5m 0.00% —
78 Clarkston Capital Partners, LLC 0.03% of their portfolio Rochester, MI 34,69634.7k $1.3m $1.3m 0.03% —
79 PARADIGM CAPITAL MANAGEMENT INC/NY 0.09% of their portfolio ALBANY, NY 34,00034.0k $1.3m $1.3m 0.09% —
80 OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio NEW YORK, NY 33,44833.4k $1.3m $1.3m 0.02% —
81 Diversified Portfolios, Inc. 0.34% of their portfolio Bloomfield Hills, MI 32,80532.8k $1.3m $1.3m 0.34% —
82 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 31,70231.7k $1.2m $1.2m 0.00% —
83 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 30,25730.3k $1.2m $1.2m 0.01% —
84 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 29,50229.5k $1.1m $1.1m 0.00% —
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 29,42129.4k $1.1m $1.1m 0.00% —
86 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 27,95328.0k $1.1m $1.1m 0.00% —
87 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 27,90827.9k $1.1m $1.1m 0.00% —
88 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 27,33227.3k $1.1m $1.1m 0.00% —
89 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 27,18127.2k $1.1m $1.1m 0.01% —
90 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 26,07026.1k $1.0m $1.0m 0.00% —
91 CORNERCAP INVESTMENT COUNSEL INC 0.19% of their portfolio Atlanta, GA 25,63325.6k $991.0k $991.0k 0.19% —
92 Waterfront Wealth Inc. 0.42% of their portfolio OVERLAND PARK, KS 24,63124.6k $1.1m $1.1m 0.42% —
93 River Oaks Capital LLC 1.03% of their portfolio Wayzata, MN 24,30024.3k $940.0k $940.0k 1.03% —
94 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 24,29324.3k $940.0k $940.0k 0.00% —
95 Chicago Partners Investment Group LLC 0.08% of their portfolio CHICAGO, IL 24,06824.1k $1.1m $1.1m 0.08% —
96 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 23,79123.8k $920.0k $920.0k 0.00% —
97 IFG Advisory, LLC 0.08% of their portfolio ATLANTA, GA 23,76423.8k $919.0k $919.0k 0.08% —
98 BCGM Wealth Management, LLC 0.51% of their portfolio LAFAYETTE, IN 23,64923.6k $1.0m $1.0m 0.51% —
99 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 22,01822.0k $851.7k $851.7k 0.00% —
100 WESBANCO BANK INC 0.06% of their portfolio WHEELING, WV 21,14021.1k $818.0k $818.0k 0.06% —