FM

First Merchants CORP

Diversified strategyMomentum followerLong-term holder

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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Personality snowflake

Concentration
6.83
Portfolio Stability
10.7
Momentum/Contrarian
100
Sector conviction
54.55
Diversification
100
Sizing Uniformity
77.31

Recent moves

  • 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

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 359 holdings (of 501 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1✓ Fmpw Inst MoneyStock-Other6.89%-0.81%-12.87%
2VFIAXVanguard 500 Index-admStock-Other4.87%-0.13%-0.60%
3SRBRXFederated Shrt-intrm Ttl-r6Stock-Other3.72%+0.33%+7.96%
4FTRLXFed Herm Ttl Rtrn Bnd-r6Stock-Other3.63%+0.22%+5.16%
5BSVVanguard Short-term Bond ETFETF-Other2.63%+0.27%+9.15%
6VIMAXVanguard Mid Cap Index-admStock-Other2.39%-0.02%-2.32%
7GOOGLAlphabet Inc-cl AStock-Comm Services1.99%-0.18%-2.71%
8SFNNXSchwab Fndmnl Intl Lrg CompStock-Other1.96%+0.23%+2.58%
9AAPLApple INCStock-Tech1.94%-0.11%-1.19%
10LLYEli Lilly & CoStock-Healthcare1.76%-0.25%-0.62%
11AVGOBroadcom INCStock-Tech1.62%-0.30%-7.78%
12VEIRXVanguard Equity Income-admStock-Other1.44%—+2.82%
13MSFTMicrosoft CORPStock-Tech1.42%-0.46%-4.35%
14VOOVanguard S&p 500 ETFETF-Large Cap & Growth1.39%—+8.44%
15FCNTXFidelity ContrafundStock-Other1.32%-0.03%+0.83%
16NUSFXNorthern Ultra-shrt Fix INCStock-Other1.29%+0.11%+6.32%
17AGGIshares Core U.s. AggregateETF-Other1.20%—-0.72%
18VBIRXVanguard S/t Bnd Indx-admStock-Other1.17%+0.08%+6.25%
19IYWIshares Ustechnology ETFETF-Tech1.14%-0.12%-2.49%
20NVDANvidia CORPStock-Tech1.13%-0.03%+1.09%
21IVWIshares S&p 500 Growth ETFETF-Large Cap & Growth1.10%-0.09%-2.17%
22AMZNAmazon.com INCStock-Consumer Disc1.08%-0.04%+3.90%
23VGTVanguard Info Tech ETFETF-Tech1.04%-0.05%+0.73%
24IJRIshares Core S&p Small-cap EETF-Small Cap1.00%—-2.61%
25JMGRXJanus Hndrsn Enterprise-iStock-Other0.98%—+6.14%
26PZIEXPzena Emerg Mkts Val-instStock-Other0.96%+0.25%+25.55%
27APHAmphenol Corp-cl AStock-Tech0.91%-0.13%-8.81%
28VSMAXVanguard Sml Cap Indx-admStock-Other0.91%—-4.95%
29VWILXVanguard Intl Growth-admStock-Other0.91%—+11.74%
30MVCKXMfs Mid Cap Value Fund-r5Stock-Other0.89%+0.10%+9.00%
31JPMJpmorgan Chase & CoStock-Financials0.88%-0.08%-1.95%
32BIVVanguard Intermediate-term BETF-Other0.88%—+2.21%
33LRCXLam Research CORPStock-Tech0.84%—-24.81%
34WMTWalmart INCStock-Consumer Staples0.82%+0.09%-1.48%
35AVUVAvantis US Small Cap ValueETF-Small Cap0.79%+0.13%+7.60%
36FRMEFirst Merchants CORPStock-Other0.77%—-1.79%
37VVisa Inc-class A SharesStock-Financials0.71%-0.09%-0.04%
38VWIUXVanguard I/t Tax Exmpt-admStock-Other0.70%—+7.01%
39IVEIshares S&p 500 Value ETFETF-Large Cap & Growth0.70%—-0.17%
40SYKStryker CORPStock-Healthcare0.68%-0.05%-2.56%
41MFAIXMsif International Adv-iStock-Other0.67%—+12.10%
42IEFAIshares Core Msci Eafe ETFETF-Other0.65%+0.10%+13.15%
43COSTCostco Wholesale CORPStock-Consumer Staples0.63%+0.09%-0.85%
44VBTLXVanguard Ttl Bd Mkt Idx-admStock-Other0.63%—+3.13%
45TJXTjx Companies INCStock-Consumer Disc0.62%—-2.87%
46JNJJohnson & JohnsonStock-Healthcare0.61%+0.11%+0.42%
47VIGAXVanguard Growth Index-admStock-Other0.60%-0.07%-2.90%
48WCMIXWcm Focused Intl Growth-instStock-Other0.59%—-1.96%
49LOWLowe's Cos INCStock-Consumer Disc0.56%—-1.33%
50DODIXDodge & Cox Income-iStock-Other0.56%—+2.92%
1–50 of 359

Holding changes this quarter

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%.

Position changes disclosed by First Merchants CORP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1SRBRXFederated Shrt-intrm Ttl-r6+0.3%+7.96%Add
2BSVVanguard Short-term Bond ETF+0.3%+9.15%Add
3PZIEXPzena Emerg Mkts Val-inst+0.3%+25.55%Add
4SFNNXSchwab Fndmnl Intl Lrg Comp+0.2%+2.58%Add
5FTRLXFed Herm Ttl Rtrn Bnd-r6+0.2%+5.16%Add
6NFLXNetflix INC+0.1%+1312.60%Add
7AVUVAvantis US Small Cap Value+0.1%+7.60%Add
8XOMExxon Mobil CORP+0.1%-0.08%Trim
9JNJJohnson & Johnson+0.1%+0.42%Add
10NUSFXNorthern Ultra-shrt Fix INC+0.1%+6.32%Add
11MVCKXMfs Mid Cap Value Fund-r5+0.1%+9.00%Add
12IEFAIshares Core Msci Eafe ETF+0.1%+13.15%Add
13EOGEog Resources INC+0.1%-1.85%Trim
14COSTCostco Wholesale CORP+0.1%-0.85%Trim
15WMTWalmart INC+0.1%-1.48%Trim
16LINLinde plc+0.1%+6.38%Add
17COPConocophillips+0.1%+2.45%Add
18HONHoneywell International INC+0.1%+2.24%Add
19VBIRXVanguard S/t Bnd Indx-adm+0.1%+6.25%Add
20TSMTaiwan Semiconductor-sp Adr+0.1%+21.58%Add
21BAESYBae Systems PLC -spon Adr+0.1%+1.26%Add
22CVXChevron CORP+0.1%-5.05%Trim
23VIMAXVanguard Mid Cap Index-adm0%-2.32%Trim
24FCNTXFidelity Contrafund0%+0.83%Add
25NVDANvidia CORP0%+1.09%Add
26AMZNAmazon.com INC0%+3.90%Add
27METAMeta Platforms Inc-class A0%+3.34%Add
28VGTVanguard Info Tech ETF-0.1%+0.73%Add
29SYKStryker CORP-0.1%-2.56%Trim
30CMCSAComcast Corp-class A-0.1%-66.42%Trim
31NOWServicenow INC-0.1%+9.37%Add
32VIGAXVanguard Growth Index-adm-0.1%-2.90%Trim
33XLVSs Health Care Select Sector-0.1%-15.54%Trim
34AMPAmeriprise Financial INC-0.1%-30.10%Trim
35JPMJpmorgan Chase & Co-0.1%-1.95%Trim
36IVWIshares S&p 500 Growth ETF-0.1%-2.17%Trim
37VVisa Inc-class A Shares-0.1%-0.04%Trim
38AAPLApple INC-0.1%-1.19%Trim
39ACNAccenture plc-0.1%+0.00%Add
40IYWIshares Ustechnology ETF-0.1%-2.49%Trim
41VFIAXVanguard 500 Index-adm-0.1%-0.60%Trim
42APHAmphenol Corp-cl A-0.1%-8.81%Trim
43GOOGLAlphabet Inc-cl A-0.2%-2.71%Trim
44LLYEli Lilly & Co-0.3%-0.62%Trim
45ADPAutomatic Data Processing-0.3%-59.87%Trim
46AVGOBroadcom INC-0.3%-7.78%Trim
47MSFTMicrosoft CORP-0.5%-4.35%Trim
48✓ Fmpw Inst Money-0.8%-12.87%Trim
49SGOVIshares 0-3 Month Treasury B—NEWNew buy
50AZNNAstrazeneca Plc-spons Adr—EXITSold out

FAQ

What is First Merchants CORP and what type of investor is it?
First Merchants CORP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.6B, spread across 501 disclosed positions.
What are First Merchants CORP's largest equity positions?
Based on the latest 13F filing, First Merchants CORP's top holdings by market value are: 1. Fmpw Inst Money — $181.1M (6.9%) 2. Vanguard 500 Index-adm (VFIAX) — $128.0M (4.9%) 3. Federated Shrt-intrm Ttl-r6 (SRBRX) — $97.9M (3.7%) 4. Fed Herm Ttl Rtrn Bnd-r6 (FTRLX) — $95.5M (3.6%) 5. Vanguard Short-term Bond ETF (BSV) — $69.3M (2.6%)
What changes did First Merchants CORP make in its most recent portfolio filing?
In the latest reported quarter, First Merchants CORP made 50 notable position adjustments: 1 new positions were initiated, 24 existing holdings were added to, 24 positions were partially reduced, and 1 were completely exited. The largest of these moves: 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%
What sectors does First Merchants CORP focus on?
First Merchants CORP is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 33.3% • Health Care: 14.5% • Communication Services: 12.2% • Financials: 11.3% • Consumer Staples: 9.8% • Consumer Discretionary: 9.5%

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