First Merchants Top Holdings and 13F Report (2025)

About First Merchants

First Merchants NASDAQ: FRME has filed 13-F forms with the SEC as an investor. First Merchants is itself a publicly traded company. For more information on First Merchants stock, visit the First Merchants stock profile here.

Investment Activity

First Merchants has $2.58 billion in total holdings as of June 30, 2025.
First Merchants owns shares of 371 different stocks, but just 82 companies or ETFs make up 80% of its holdings.
Approximately 1.66% of the portfolio was purchased this quarter.
About 4.33% of the portfolio was sold this quarter.
This quarter, First Merchants has purchased 381 new stocks and bought additional shares in 54 stocks.
First Merchants sold shares of 213 stocks and completely divested from 20 stocks this quarter.

Largest Holdings

FMPW INST MONEY: $223,101,613
VANGUARD 500 INDEX A: $120,139,302
FED TTL RET BD CL R6: $83,517,453
FED SH INTRM TTL BD: $78,701,971
VANGUARD MID-CAP AD: $59,640,613

Largest New Holdings this Quarter

13600SING - 13600 SINGING HILLS TRAIL: $756,127 Holding
19766M709 - COLUMBIA CONTRARIAN: $275,247 Holding
00888Y508 - INVESCO BAL RISK CMMDTY FUND: $233,834 Holding
921939708 - VG COMMDTY FUND: $232,163 Holding
443510607 - Hubbell: $204,205 Holding

Largest Purchases this Quarter

O'Reilly Automotive: 95,981 shares (about $8.65M)
Ecolab: 17,257 shares (about $4.65M)
NVIDIA: 20,691 shares (about $3.27M)
SCHWAB FDMTL INTL LC: 210,987 shares (about $2.65M)
Exxon Mobil: 22,531 shares (about $2.43M)

Largest Sales this Quarter

FMPW INST MONEY: 6,656,977 shares (about $6.66M)
Broadcom: 20,786 shares (about $5.73M)
Corteva: 69,855 shares (about $5.21M)
UnitedHealth Group: 13,018 shares (about $4.06M)
Vanguard Information Technology ETF: 4,779 shares (about $3.17M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
FMPW INST MONEY	$223,101,613	$6,656,977 ▼	-2.9%	223,101,623	8.6%	Cash Equivalents
VANGUARD 500 INDEX A	$120,139,302	$233,027 ▼	-0.2%	209,833	4.6%	Mutual Funds
FED TTL RET BD CL R6	$83,517,453	$787,855 ▼	-0.9%	8,791,303	3.2%	Mutual Funds
FED SH INTRM TTL BD	$78,701,971	$1,396,311 ▲	1.8%	7,731,027	3.0%	Mutual Funds
VANGUARD MID-CAP AD	$59,640,613	$277,432 ▲	0.5%	171,979	2.3%	Mutual Funds
BSV Vanguard Short-Term Bond ETF	$58,981,951	$988,393 ▲	1.7%	749,453	2.3%	ETF
MSFT Microsoft	$52,475,760	$1,388,271 ▼	-2.6%	105,498	2.0%	Computer and Technology
AVGO Broadcom	$48,323,099	$5,729,661 ▼	-10.6%	175,306	1.9%	Computer and Technology
AAPL Apple	$44,055,333	$2,440,292 ▼	-5.2%	214,726	1.7%	Computer and Technology
LLY Eli Lilly and Company	$39,086,414	$253,347 ▲	0.7%	50,141	1.5%	Medical
SCHWAB FDMTL INTL LC	$38,654,380	$2,647,882 ▲	7.4%	3,080,036	1.5%	Mutual Funds
FIDELITY CONTRAFUND	$38,268,298	$901,707 ▼	-2.3%	1,640,300	1.5%	Mutual Funds
VANGUARD EQUITY	$36,628,231	$376,415 ▼	-1.0%	392,833	1.4%	Mutual Funds
GOOGL Alphabet	$34,948,524	$570,809 ▼	-1.6%	198,312	1.4%	Computer and Technology
AGG iShares Core U.S. Aggregate Bond ETF	$32,916,742	$1,853,453 ▼	-5.3%	331,822	1.3%	Finance
NORTH ULT-SH FIX INC	$31,688,608	$1,763,780 ▼	-5.3%	3,070,621	1.2%	Mutual Funds
IYW iShares U.S. Technology ETF	$31,508,977	$816,102 ▼	-2.5%	181,849	1.2%	Manufacturing
IVW iShares S&P 500 Growth ETF	$29,123,652	$523,526 ▼	-1.8%	264,520	1.1%	ETF
VANGUARD SHORT TERM	$28,660,181	$394,868 ▼	-1.4%	2,785,247	1.1%	Mutual Funds
AMZN Amazon.com	$28,054,277	$38,393 ▼	-0.1%	127,874	1.1%	Retail/Wholesale
NVDA NVIDIA	$26,987,852	$3,268,971 ▲	13.8%	170,820	1.0%	Computer and Technology
VGT Vanguard Information Technology ETF	$25,608,578	$3,169,815 ▼	-11.0%	38,609	1.0%	ETF
APH Amphenol	$25,587,804	$238,679 ▼	-0.9%	259,117	1.0%	Computer and Technology
VOO Vanguard S&P 500 ETF	$25,136,464	$1,088,914 ▼	-4.2%	44,252	1.0%	ETF
IJR iShares Core S&P Small-Cap ETF	$24,923,912	$2,307,440 ▼	-8.5%	228,053	1.0%	ETF
VANGUARD SMALLCAP AD	$24,841,525	$2,026,533 ▼	-7.5%	218,673	1.0%	Mutual Funds
JPM JPMorgan Chase & Co.	$24,671,921	$1,135,288 ▼	-4.4%	85,102	1.0%	Finance
JANUS ENTERPRISE	$22,928,691	$449,080 ▲	2.0%	155,826	0.9%	Mutual Funds
SYK Stryker	$22,824,290	$588,302 ▼	-2.5%	57,691	0.9%	Medical
FRANKLIN ELECTRIC	$22,550,765	$258,541 ▲	1.2%	251,290	0.9%	Equities
V Visa	$22,331,580	$1,071,896 ▼	-4.6%	62,897	0.9%	Business Services
BIV Vanguard Intermediate-Term Bond ETF	$21,668,580	$968,761 ▲	4.7%	280,173	0.8%	ETF
IVE iShares S&P 500 Value ETF	$20,702,404	$130,345 ▼	-0.6%	105,938	0.8%	ETF
FRME First Merchants	$20,671,506	$110,457 ▼	-0.5%	539,726	0.8%	Finance
VANGUARD INTL GR ADM	$20,142,277	$1,511,770 ▲	8.1%	170,809	0.8%	Mutual Funds
WCM FOCUSED INTL GR	$17,845,986	$1,160,451 ▼	-6.1%	652,740	0.7%	Mutual Funds
MFS MIDCAP VALUE R6	$17,529,131	$820,735 ▲	4.9%	547,786	0.7%	Mutual Funds
VANGUARD GRW IND ADM	$17,418,083	$482,971 ▼	-2.7%	77,178	0.7%	Mutual Funds
WMT Walmart	$17,311,851	$22,000 ▼	-0.1%	177,049	0.7%	Retail/Wholesale
COST Costco Wholesale	$16,726,026	$559,316 ▼	-3.2%	16,896	0.6%	Retail/Wholesale
VANGUARD TOTAL BOND	$15,969,542	$79,308 ▼	-0.5%	1,649,744	0.6%	Mutual Funds
LAM RESEARCH	$15,308,954	$2,403,519 ▼	-13.6%	157,273	0.6%	Equities
DODGE & COX INCOME	$15,251,929	$929,660 ▼	-5.7%	1,206,639	0.6%	Mutual Funds
MORGAN STANLEY INTL	$15,208,362	$461,802 ▲	3.1%	541,215	0.6%	Mutual Funds
VANGUARD S/T INV GR	$15,006,177	$820,177 ▼	-5.2%	1,433,256	0.6%	Mutual Funds
VANGUARD TAX EXEMPT	$14,881,301	$1,427,542 ▼	-8.8%	1,108,064	0.6%	Mutual Funds
LOW Lowe's Companies	$14,495,211	$421,109 ▼	-2.8%	65,332	0.6%	Retail/Wholesale
ADP Automatic Data Processing	$14,386,552	$564,064 ▼	-3.8%	46,649	0.6%	Computer and Technology
IJJ iShares S&P Mid-Cap 400 Value ETF	$14,240,617	$415,476 ▼	-2.8%	115,234	0.6%	ETF
GSY Invesco Ultra Short Duration ETF	$14,083,524	$315,431 ▼	-2.2%	280,884	0.5%	ETF
GRANT COUNTY STATE	$13,843,998	$2,422,434 ▼	-14.9%	13,030	0.5%	Equities
META Meta Platforms	$13,709,284	$986,826 ▲	7.8%	18,574	0.5%	Computer and Technology
ACN Accenture	$13,233,056	$383,476 ▼	-2.8%	44,274	0.5%	Computer and Technology
IEFA iShares Core MSCI EAFE ETF	$13,163,293	$598,635 ▲	4.8%	157,682	0.5%	ETF
TJX TJX Companies	$13,056,104	$433,326 ▼	-3.2%	105,726	0.5%	Retail/Wholesale
IJK iShares S&P Mid-Cap 400 Growth ETF	$13,000,951	$337,900 ▼	-2.5%	142,899	0.5%	ETF
CB Chubb	$12,784,474	$477,748 ▼	-3.6%	44,127	0.5%	Finance
PZENA EMERGING MKT	$12,760,412	$1,763,853 ▲	16.0%	930,061	0.5%	Mutual Funds
AVUV Avantis U.S. Small Cap Value ETF	$12,512,859	$2,280,962 ▲	22.3%	137,353	0.5%	ETF
BLACKROCK	$12,256,290	$490,000 ▼	-3.8%	11,681	0.5%	Equities
HON Honeywell International	$12,233,419	$170,235 ▼	-1.4%	52,531	0.5%	Multi-Sector Conglomerates
SPY SPDR S&P 500 ETF Trust	$11,932,537	$103,799 ▼	-0.9%	19,313	0.5%	Finance
NOW ServiceNow	$11,712,916	$164,493 ▲	1.4%	11,393	0.5%	Computer and Technology
SCHW Charles Schwab	$11,261,114	$227,461 ▼	-2.0%	123,423	0.4%	Finance
VANGUARD VALUE	$10,711,894	$63,846 ▼	-0.6%	155,362	0.4%	Mutual Funds
ABBV AbbVie	$10,604,285	$220,702 ▼	-2.0%	57,129	0.4%	Medical
BRO Brown & Brown	$10,095,268	$95,126 ▼	-0.9%	91,055	0.4%	Finance
NORTHERN MIDCAP	$10,001,103	$727,647 ▼	-6.8%	482,444	0.4%	Mutual Funds
JNJ Johnson & Johnson	$9,992,753	$441,295 ▼	-4.2%	65,419	0.4%	Medical
PG Procter & Gamble	$9,979,008	$317,684 ▼	-3.1%	62,635	0.4%	Consumer Staples
WCM FOCUSED EMRG MKT	$9,760,633	$653,262 ▲	7.2%	556,477	0.4%	Mutual Funds
HD Home Depot	$9,703,494	$267,647 ▼	-2.7%	26,466	0.4%	Retail/Wholesale
FTNT Fortinet	$9,687,652	$248,865 ▼	-2.5%	91,635	0.4%	Computer and Technology
IWP iShares Russell Mid-Cap Growth ETF	$9,368,250	$135,213 ▼	-1.4%	67,553	0.4%	ETF
ORLY O'Reilly Automotive	$9,272,124	$8,650,768 ▲	1,392.2%	102,875	0.4%	Retail/Wholesale
MDY SPDR S&P MidCap 400 ETF Trust	$9,105,033	$307,599 ▼	-3.3%	16,073	0.4%	ETF
LINDE PLC	$9,040,629	$502,492 ▼	-5.3%	19,269	0.3%	Equities
XLV Health Care Select Sector SPDR Fund	$8,886,165	$191,671 ▼	-2.1%	65,926	0.3%	ETF
T ROWE PRICE DIVID	$8,752,864	$563,060 ▼	-6.0%	106,329	0.3%	Mutual Funds
SCHD Schwab US Dividend Equity ETF	$8,509,283	$2,128,957 ▼	-20.0%	321,105	0.3%	ETF
XLK Technology Select Sector SPDR Fund	$8,478,393	$233,225 ▼	-2.7%	33,481	0.3%	ETF
GVI iShares Intermediate Government/Credit Bond ETF	$8,079,091	$1,152,585 ▼	-12.5%	75,654	0.3%	ETF
VANGUARD LIMITED TAX	$8,051,057	$24,372 ▲	0.3%	738,628	0.3%	Mutual Funds
TXN Texas Instruments	$8,008,942	$93,429 ▼	-1.2%	38,575	0.3%	Computer and Technology
BRK.B Berkshire Hathaway	$7,648,448	$314,779 ▼	-4.0%	15,745	0.3%	Finance
GS FIN SQ GOVT	$7,628,753	$505,779 ▲	7.1%	7,628,752	0.3%	Cash Equivalents
DHR Danaher	$7,406,565	$609,411 ▼	-7.6%	37,494	0.3%	Medical
SPGI S&P Global	$7,277,657	$3,691 ▲	0.1%	13,802	0.3%	Finance
EOG EOG Resources	$7,243,342	$302,733 ▼	-4.0%	60,558	0.3%	Energy
PEP PepsiCo	$7,228,662	$855,751 ▼	-10.6%	54,746	0.3%	Consumer Staples
VANGUARD HIGH DIV YD	$7,194,203	$159,638 ▼	-2.2%	178,911	0.3%	Mutual Funds
MCD McDonald's	$7,040,420	$504,870 ▲	7.7%	24,097	0.3%	Retail/Wholesale
XLP Consumer Staples Select Sector SPDR Fund	$6,899,211	$259,509 ▼	-3.6%	85,207	0.3%	ETF
AZN AstraZeneca	$6,822,594	$72,955 ▲	1.1%	97,633	0.3%	Medical
XLY Consumer Discretionary Select Sector SPDR Fund	$6,799,821	$196,684 ▼	-2.8%	31,288	0.3%	Finance
NEE NextEra Energy	$6,679,870	$8,747 ▲	0.1%	96,224	0.3%	Utilities
ABT Abbott Laboratories	$6,679,179	$678,418 ▼	-9.2%	49,108	0.3%	Medical
IWR iShares Russell Mid-Cap ETF	$6,675,367	$542,439 ▼	-7.5%	72,582	0.3%	ETF
CMCSA Comcast	$6,462,531	$379,742 ▼	-5.5%	181,074	0.3%	Consumer Discretionary
BAESY Bae Systems	$6,437,274	$531,924 ▲	9.0%	62,252	0.2%	Aerospace

Showing largest 100 holdings. View all holdings.

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First Merchants Top Holdings and 13F Report (2025)

About First Merchants

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

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First Merchants Top Holdings and 13F Report (2025)

About First Merchants

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofFirst Merchants

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools