CIK: 0000712534
Total reported value
$2.6B
Reporting period: 2026-03-31 · Number of holdings: 501
FIRST MERCHANTS CORP disclosed 501 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.6B and a quarterly turnover rate of 10.7%.
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First Merchants CORP's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 59 equally-sized positions, well below its 501 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.27), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 24% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim 100001999
-12.9% -$26.7M
Trim MSFT
-4.3% -$13.6M
Add SRBRX
+8.0% $6.5M
Trim AVGO
-7.8% -$9.1M
Trim ADP
-59.9% -$7.8M
Add BSV
+9.2% $5.5M
Showing top 200 holdings (of 501 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Fmpw Inst Money | Stock-Other | 6.89% | -0.81% | -12.87% | |
| 2 | VFIAX | Vanguard 500 Index-adm | Stock-Other | 4.87% | -0.13% | -0.60% | |
| 3 | SRBRX | Federated Shrt-intrm Ttl-r6 | Stock-Other | 3.72% | +0.33% | +7.96% | |
| 4 | FTRLX | Fed Herm Ttl Rtrn Bnd-r6 | Stock-Other | 3.63% | +0.22% | +5.16% | |
| 5 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 2.63% | +0.27% | +9.15% | |
| 6 | VIMAX | Vanguard Mid Cap Index-adm | Stock-Other | 2.39% | -0.02% | -2.32% | |
| 7 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.99% | -0.18% | -2.71% | |
| 8 | SFNNX | Schwab Fndmnl Intl Lrg Comp | Stock-Other | 1.96% | +0.23% | +2.58% | |
| 9 | AAPL | Apple INC | Stock-Tech | 1.94% | -0.11% | -1.19% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.76% | -0.25% | -0.62% | |
| 11 | AVGO | Broadcom INC | Stock-Tech | 1.62% | -0.30% | -7.78% | |
| 12 | VEIRX | Vanguard Equity Income-adm | Stock-Other | 1.44% | — | +2.82% | |
| 13 | MSFT | Microsoft CORP | Stock-Tech | 1.42% | -0.46% | -4.35% | |
| 14 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.39% | — | +8.44% | |
| 15 | FCNTX | Fidelity Contrafund | Stock-Other | 1.32% | -0.03% | +0.83% | |
| 16 | NUSFX | Northern Ultra-shrt Fix INC | Stock-Other | 1.29% | +0.11% | +6.32% | |
| 17 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 1.20% | — | -0.72% | |
| 18 | VBIRX | Vanguard S/t Bnd Indx-adm | Stock-Other | 1.17% | +0.08% | +6.25% | |
| 19 | IYW | Ishares Ustechnology ETF | ETF-Tech | 1.14% | -0.12% | -2.49% | |
| 20 | NVDA | Nvidia CORP | Stock-Tech | 1.13% | -0.03% | +1.09% | |
| 21 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.10% | -0.09% | -2.17% | |
| 22 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.08% | -0.04% | +3.90% | |
| 23 | VGT | Vanguard Info Tech ETF | ETF-Tech | 1.04% | -0.05% | +0.73% | |
| 24 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.00% | — | -2.61% | |
| 25 | JMGRX | Janus Hndrsn Enterprise-i | Stock-Other | 0.98% | — | +6.14% | |
| 26 | PZIEX | Pzena Emerg Mkts Val-inst | Stock-Other | 0.96% | +0.25% | +25.55% | |
| 27 | APH | Amphenol Corp-cl A | Stock-Tech | 0.91% | -0.13% | -8.81% | |
| 28 | VSMAX | Vanguard Sml Cap Indx-adm | Stock-Other | 0.91% | — | -4.95% | |
| 29 | VWILX | Vanguard Intl Growth-adm | Stock-Other | 0.91% | — | +11.74% | |
| 30 | MVCKX | Mfs Mid Cap Value Fund-r5 | Stock-Other | 0.89% | +0.10% | +9.00% | |
| 31 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.88% | -0.08% | -1.95% | |
| 32 | BIV | Vanguard Intermediate-term B | ETF-Other | 0.88% | — | +2.21% | |
| 33 | LRCX | Lam Research CORP | Stock-Tech | 0.84% | — | -24.81% | |
| 34 | WMT | Walmart INC | Stock-Consumer Staples | 0.82% | +0.09% | -1.48% | |
| 35 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 0.79% | +0.13% | +7.60% | |
| 36 | FRME | First Merchants CORP | Stock-Other | 0.77% | — | -1.79% | |
| 37 | V | Visa Inc-class A Shares | Stock-Financials | 0.71% | -0.09% | -0.04% | |
| 38 | VWIUX | Vanguard I/t Tax Exmpt-adm | Stock-Other | 0.70% | — | +7.01% | |
| 39 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.70% | — | -0.17% | |
| 40 | SYK | Stryker CORP | Stock-Healthcare | 0.68% | -0.05% | -2.56% | |
| 41 | MFAIX | Msif International Adv-i | Stock-Other | 0.67% | — | +12.10% | |
| 42 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.65% | +0.10% | +13.15% | |
| 43 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.63% | +0.09% | -0.85% | |
| 44 | VBTLX | Vanguard Ttl Bd Mkt Idx-adm | Stock-Other | 0.63% | — | +3.13% | |
| 45 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.62% | — | -2.87% | |
| 46 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.61% | +0.11% | +0.42% | |
| 47 | VIGAX | Vanguard Growth Index-adm | Stock-Other | 0.60% | -0.07% | -2.90% | |
| 48 | WCMIX | Wcm Focused Intl Growth-inst | Stock-Other | 0.59% | — | -1.96% | |
| 49 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 0.56% | — | -1.33% | |
| 50 | DODIX | Dodge & Cox Income-i | Stock-Other | 0.56% | — | +2.92% |
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+18.4%
Based on 70% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 501 | $2.6B | 11 | |
| 2025-12-31 | 513 | $2.7B | 7 | |
| 2025-09-30 | 523 | $2.7B | 19 | |
| 2025-06-30 | 518 | $2.6B | 0 | |
| 2025-03-31 | 514 | $2.5B | 100 | |
| 2024-12-31 | 560 | $2.6B | 0 | |
| 2024-09-30 | 563 | $2.6B | 0 | |
| 2024-06-30 | 517 | $2.5B | 0 | |
| 2024-03-31 | 336 | $1.3B | 0 | |
| 2023-12-31 | 337 | $1.2B | 0 | |
| 2023-09-30 | 331 | $1.1B | 0 | |
| 2023-06-30 | 346 | $1.2B | 0 | |
| 2023-03-31 | 357 | $1.1B | 0 | |
| 2022-12-31 | 374 | $1.1B | 0 | |
| 2022-09-30 | 372 | $998.7M | 0 | |
| 2022-06-30 | 370 | $1.0B | 0 | |
| 2022-03-31 | 354 | $1.2B | 0 | |
| 2021-12-31 | 357 | $1.3B | 0 | |
| 2021-09-30 | 365 | $1.6B | 0 | |
| 2021-06-30 | 368 | $1.5B | 99 | |
| 2021-03-31 | 372 | $1.5B | 12 | |
| 2020-12-31 | 365 | $1.5B | 12 | |
| 2020-09-30 | 391 | $1.3B | 15 | |
| 2020-06-30 | 381 | $1.2B | 46 | |
| 2020-03-31 | 374 | $772.7M | 27 | |
| 2019-12-31 | 395 | $976.8M | 12 | |
| 2019-09-30 | 382 | $941.0M | 48 | |
| 2019-06-30 | 321 | $628.5M | 11 | |
| 2019-03-31 | 314 | $619.4M | 19 | |
| 2018-12-31 | 310 | $521.1M | 18 | |
| 2018-09-30 | 322 | $610.0M | 9 | |
| 2018-06-30 | 320 | $574.7M | 22 | |
| 2018-03-31 | 314 | $595.7M | 17 | |
| 2017-12-31 | 325 | $586.6M | 9 | |
| 2017-09-30 | 325 | $578.9M | 56 | |
| 2017-06-30 | 268 | $361.9M | 11 | |
| 2017-03-31 | 267 | $359.0M | 11 | |
| 2016-12-31 | 270 | $337.6M | 13 | |
| 2016-09-30 | 263 | $311.9M | 12 | |
| 2016-06-30 | 261 | $303.3M | 11 | |
| 2016-03-31 | 251 | $282.3M | 14 | |
| 2015-12-31 | 251 | $283.6M | 9 | |
| 2015-09-30 | 253 | $280.0M | 23 | |
| 2015-06-30 | 255 | $320.2M | 15 | |
| 2015-03-31 | 256 | $324.0M | 10 | |
| 2014-12-31 | 245 | $319.5M | 12 | |
| 2014-09-30 | 246 | $313.0M | 9 | |
| 2014-06-30 | 246 | $320.9M | 14 | |
| 2014-03-31 | 242 | $310.1M | 10 | |
| 2013-12-31 | 238 | $304.5M | 12 | |
| 2013-09-30 | 237 | $295.0M | 14 | |
| 2013-06-30 | 236 | $281.7M | 0 |
First Merchants CORP's most significant position changes for 2026-03-31: New buy: Ishares 0-3 Month Treasury B (SGOV); Sold out: Astrazeneca Plc-spons Adr (AZNN); Trim: Fmpw Inst Money — shares -12.87%; Trim: Microsoft CORP (MSFT) — shares -4.35%; Add: Federated Shrt-intrm Ttl-r6 (SRBRX) — shares +7.96%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SRBRX | Federated Shrt-intrm Ttl-r6 | +0.3% | +7.96% | Add |
| 2 | BSV | Vanguard Short-term Bond ETF | +0.3% | +9.15% | Add |
| 3 | PZIEX | Pzena Emerg Mkts Val-inst | +0.3% | +25.55% | Add |
| 4 | SFNNX | Schwab Fndmnl Intl Lrg Comp | +0.2% | +2.58% | Add |
| 5 | FTRLX | Fed Herm Ttl Rtrn Bnd-r6 | +0.2% | +5.16% | Add |
| 6 | NFLX | Netflix INC | +0.1% | +1312.60% | Add |
| 7 | AVUV | Avantis US Small Cap Value | +0.1% | +7.60% | Add |
| 8 | XOM | Exxon Mobil CORP | +0.1% | -0.08% | Trim |
| 9 | JNJ | Johnson & Johnson | +0.1% | +0.42% | Add |
| 10 | NUSFX | Northern Ultra-shrt Fix INC | +0.1% | +6.32% | Add |
| 11 | MVCKX | Mfs Mid Cap Value Fund-r5 | +0.1% | +9.00% | Add |
| 12 | IEFA | Ishares Core Msci Eafe ETF | +0.1% | +13.15% | Add |
| 13 | EOG | Eog Resources INC | +0.1% | -1.85% | Trim |
| 14 | COST | Costco Wholesale CORP | +0.1% | -0.85% | Trim |
| 15 | WMT | Walmart INC | +0.1% | -1.48% | Trim |
| 16 | LIN | Linde plc | +0.1% | +6.38% | Add |
| 17 | COP | Conocophillips | +0.1% | +2.45% | Add |
| 18 | HON | Honeywell International INC | +0.1% | +2.24% | Add |
| 19 | VBIRX | Vanguard S/t Bnd Indx-adm | +0.1% | +6.25% | Add |
| 20 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +21.58% | Add |
| 21 | BAESY | Bae Systems PLC -spon Adr | +0.1% | +1.26% | Add |
| 22 | CVX | Chevron CORP | +0.1% | -5.05% | Trim |
| 23 | VIMAX | Vanguard Mid Cap Index-adm | 0% | -2.32% | Trim |
| 24 | FCNTX | Fidelity Contrafund | 0% | +0.83% | Add |
| 25 | NVDA | Nvidia CORP | 0% | +1.09% | Add |
| 26 | AMZN | Amazon.com INC | 0% | +3.90% | Add |
| 27 | META | Meta Platforms Inc-class A | 0% | +3.34% | Add |
| 28 | VGT | Vanguard Info Tech ETF | -0.1% | +0.73% | Add |
| 29 | SYK | Stryker CORP | -0.1% | -2.56% | Trim |
| 30 | CMCSA | Comcast Corp-class A | -0.1% | -66.42% | Trim |
| 31 | NOW | Servicenow INC | -0.1% | +9.37% | Add |
| 32 | VIGAX | Vanguard Growth Index-adm | -0.1% | -2.90% | Trim |
| 33 | XLV | Ss Health Care Select Sector | -0.1% | -15.54% | Trim |
| 34 | AMP | Ameriprise Financial INC | -0.1% | -30.10% | Trim |
| 35 | JPM | Jpmorgan Chase & Co | -0.1% | -1.95% | Trim |
| 36 | IVW | Ishares S&p 500 Growth ETF | -0.1% | -2.17% | Trim |
| 37 | V | Visa Inc-class A Shares | -0.1% | -0.04% | Trim |
| 38 | AAPL | Apple INC | -0.1% | -1.19% | Trim |
| 39 | ACN | Accenture plc | -0.1% | +0.00% | Add |
| 40 | IYW | Ishares Ustechnology ETF | -0.1% | -2.49% | Trim |
| 41 | VFIAX | Vanguard 500 Index-adm | -0.1% | -0.60% | Trim |
| 42 | APH | Amphenol Corp-cl A | -0.1% | -8.81% | Trim |
| 43 | GOOGL | Alphabet Inc-cl A | -0.2% | -2.71% | Trim |
| 44 | LLY | Eli Lilly & Co | -0.3% | -0.62% | Trim |
| 45 | ADP | Automatic Data Processing | -0.3% | -59.87% | Trim |
| 46 | AVGO | Broadcom INC | -0.3% | -7.78% | Trim |
| 47 | MSFT | Microsoft CORP | -0.5% | -4.35% | Trim |
| 48 | ✓ | Fmpw Inst Money | -0.8% | -12.87% | Trim |
| 49 | SGOV | Ishares 0-3 Month Treasury B | — | NEW | New buy |
| 50 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-16 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-22 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-23 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-24 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-30 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-24 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-25 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-25 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-25 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-26 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-25 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-25 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-26 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-25 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-26 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-26 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-27 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-26 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-26 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-22 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-28 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-28 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-23 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-23 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-30 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-24 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-25 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-25 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-31 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-24 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-26 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-26 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-30 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-31 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-27 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-27 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-26 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-25 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-26 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-26 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-01 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-22 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-23 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-27 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-01-27 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-23 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-24 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-29 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-31 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-25 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-23 | 13F-HR | View on EDGAR |
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