First Merchants Top Holdings and 13F Report (2025) About First MerchantsFirst Merchants NASDAQ: FRME has filed 13-F forms with the SEC as an investor. First Merchants is itself a publicly traded company. First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. For more information on First Merchants stock, visit the First Merchants stock profile here.Investment ActivityFirst Merchants has $2.65 billion in total holdings as of September 30, 2025.First Merchants owns shares of 373 different stocks, but just 80 companies or ETFs make up 80% of its holdings.Approximately 2.60% of the portfolio was purchased this quarter.About 4.89% of the portfolio was sold this quarter.This quarter, First Merchants has purchased 371 new stocks and bought additional shares in 49 stocks.First Merchants sold shares of 218 stocks and completely divested from 13 stocks this quarter.Largest Holdings FMPW INST MONEY $199,229,570VANGUARD 500 INDEX A $130,821,452FED TTL RET BD CL R6 $87,631,417FED SH INTRM TTL BD $86,817,421VANGUARD MID-CAP AD $64,388,864 Largest New Holdings this Quarter 92206C714 - Vanguard Russell 1000 Value ETF $7,819,875 Holding871607107 - Synopsys $4,956,102 Holding803054204 - SAP $2,931,561 Holding782493720 - RUSSELL INVESTMENT CO TAX MANAG $1,282,160 Holding74347X831 - ProShares UltraPro QQQ $1,034,000 Holding Largest Purchases this Quarter FED SH INTRM TTL BD 772,140 shares (about $7.88M)Vanguard Russell 1000 Value ETF 87,500 shares (about $7.82M)Vanguard S&P 500 ETF 9,837 shares (about $6.02M)Synopsys 10,045 shares (about $4.96M)Taiwan Semiconductor Manufacturing 13,460 shares (about $3.76M) Largest Sales this Quarter FMPW INST MONEY 23,872,053 shares (about $23.87M)FRANKLIN ELECTRIC 151,290 shares (about $14.40M)iShares Intermediate Government/Credit Bond ETF 49,693 shares (about $5.34M)iShares S&P 500 Value ETF 20,086 shares (about $4.15M)Amphenol 31,190 shares (about $3.86M) Sector Allocation Over TimeMap of 500 Largest Holdings ofFirst Merchants Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorFMPW INST MONEY$199,229,570$23,872,053 ▼-10.7%199,229,5707.5%Cash EquivalentsVANGUARD 500 INDEX A$130,821,452$1,304,838 ▲1.0%211,9474.9%Mutual FundsFED TTL RET BD CL R6$87,631,417$3,498,612 ▲4.2%9,156,8843.3%Mutual FundsFED SH INTRM TTL BD$86,817,421$7,883,557 ▲10.0%8,503,1673.3%Mutual FundsVANGUARD MID-CAP AD$64,388,864$1,834,309 ▲2.9%177,0222.4%Mutual FundsBSVVanguard Short-Term Bond ETF$61,432,145$2,292,809 ▲3.9%778,5092.3%ETFAVGOBroadcom$54,308,795$3,526,408 ▼-6.1%164,6172.0%Computer and TechnologyMSFTMicrosoft$53,125,096$1,517,594 ▼-2.8%102,5682.0%Computer and TechnologyAAPLApple$52,641,442$2,034,239 ▼-3.7%206,7372.0%Computer and TechnologyGOOGLAlphabet$46,982,479$1,227,169 ▼-2.5%193,2641.8%Computer and TechnologySCHWAB FDMTL INTL LC$43,902,258$2,321,873 ▲5.6%3,252,0271.7%Mutual FundsFIDELITY CONTRAFUND$39,182,369$1,431,244 ▼-3.5%1,582,4951.5%Mutual FundsLLYEli Lilly and Company$38,665,025$407,442 ▲1.1%50,6751.5%MedicalVANGUARD EQUITY$38,268,799$224,690 ▼-0.6%390,5401.4%Mutual FundsIYWiShares U.S. Technology ETF$33,665,397$1,951,549 ▼-5.5%171,8851.3%ManufacturingVOOVanguard S&P 500 ETF$33,123,022$6,023,982 ▲22.2%54,0891.2%ETFAGGiShares Core U.S. Aggregate Bond ETF$32,998,792$266,364 ▼-0.8%329,1651.2%FinanceIVWiShares S&P 500 Growth ETF$32,124,075$191,220 ▲0.6%266,1041.2%ETFNORTH ULT-SH FIX INC$31,196,111$553,879 ▼-1.7%3,017,0541.2%Mutual FundsNVDANVIDIA$29,716,597$2,154,999 ▼-6.8%159,2701.1%Computer and TechnologyVANGUARD SHORT TERM$28,626,350$117,421 ▼-0.4%2,773,8691.1%Mutual FundsAPHAmphenol$28,205,966$3,859,762 ▼-12.0%227,9271.1%Computer and TechnologyAMZNAmazon.com$28,066,535$10,759 ▼0.0%127,8251.1%Retail/WholesaleVGTVanguard Information Technology ETF$27,873,192$953,447 ▼-3.3%37,3321.1%ETFIJRiShares Core S&P Small-Cap ETF$26,567,418$532,121 ▼-2.0%223,5751.0%ETFJPMJPMorgan Chase & Co.$25,635,942$1,207,781 ▼-4.5%81,2731.0%FinanceJANUS ENTERPRISE$25,525,878$2,018,047 ▲8.6%169,2031.0%Mutual FundsVANGUARD SMALLCAP AD$25,493,764$1,142,823 ▼-4.3%209,2911.0%Mutual FundsVANGUARD INTL GR ADM$22,670,523$1,626,856 ▲7.7%184,0140.9%Mutual FundsBIVVanguard Intermediate-Term Bond ETF$22,589,875$711,166 ▲3.3%289,2800.9%ETFVVisa$20,870,949$600,829 ▼-2.8%61,1370.8%Business ServicesSYKStryker$20,721,482$605,150 ▼-2.8%56,0540.8%MedicalMFS MIDCAP VALUE R6$20,651,247$2,338,585 ▲12.8%617,7400.8%Mutual FundsFRMEFirst Merchants$20,348,726$1,056 ▲0.0%539,7540.8%FinanceVANGUARD GRW IND ADM$18,821,024$242,312 ▼-1.3%76,1970.7%Mutual FundsLAM RESEARCH$18,655,483$2,403,371 ▼-11.4%139,3240.7%EquitiesWMTWalmart$18,015,506$231,164 ▼-1.3%174,8060.7%Retail/WholesaleIVEiShares S&P 500 Value ETF$17,729,297$4,147,960 ▼-19.0%85,8520.7%ETFWCM FOCUSED INTL GR$17,519,470$476,688 ▼-2.6%635,4500.7%Mutual FundsPZENA EMERGING MKT$17,421,498$3,312,500 ▲23.5%1,148,4200.7%Mutual FundsVANGUARD TOTAL BOND$16,080,964$37,038 ▼-0.2%1,645,9530.6%Mutual FundsMORGAN STANLEY INTL$15,958,889$1,091,431 ▲7.3%580,9460.6%Mutual FundsVANGUARD TAX EXEMPT$15,859,655$690,276 ▲4.6%1,158,4860.6%Mutual FundsLOWLowe's Companies$15,847,106$571,479 ▼-3.5%63,0580.6%Retail/WholesaleCOSTCostco Wholesale$15,531,146$108,299 ▼-0.7%16,7790.6%Retail/WholesaleAVUVAvantis U.S. Small Cap Value ETF$15,462,184$1,791,440 ▲13.1%155,3520.6%ETFTJXTJX Companies$15,103,129$178,507 ▼-1.2%104,4910.6%Retail/WholesaleDODGE & COX INCOME$14,692,933$776,201 ▼-5.0%1,146,0930.6%Mutual FundsIEFAiShares Core MSCI EAFE ETF$14,274,050$506,835 ▲3.7%163,4870.5%ETFMETAMeta Platforms$13,923,845$283,471 ▲2.1%18,9600.5%Computer and TechnologyGRANT COUNTY STATE$13,843,9980.0%13,0300.5%EquitiesIJJiShares S&P Mid-Cap 400 Value ETF$13,745,520$1,202,634 ▼-8.0%105,9630.5%ETFGSYInvesco Ultra Short Duration ETF$13,652,724$457,231 ▼-3.2%271,7820.5%ETFVANGUARD S/T INV GR$13,520,818$1,557,080 ▼-10.3%1,285,2450.5%Mutual FundsIJKiShares S&P Mid-Cap 400 Growth ETF$13,287,669$414,916 ▼-3.0%138,5720.5%ETFADPAutomatic Data Processing$13,193,706$497,776 ▼-3.6%44,9530.5%Computer and TechnologyBLACKROCK$12,965,641$652,887 ▼-4.8%11,1210.5%EquitiesABBVAbbVie$12,964,387$263,261 ▼-2.0%55,9920.5%MedicalSPYSPDR S&P 500 ETF Trust$12,357,639$508,295 ▼-4.0%18,5500.5%FinanceWCM FOCUSED EMRG MKT$12,215,680$1,442,367 ▲13.4%630,9800.5%Mutual FundsCBChubb$12,177,958$276,887 ▼-2.2%43,1460.5%FinanceJNJJohnson & Johnson$11,899,884$230,106 ▼-1.9%64,1780.4%MedicalSCHWCharles Schwab$11,338,112$445,081 ▼-3.8%118,7610.4%FinanceORLYO'Reilly Automotive$11,061,414$29,540 ▼-0.3%102,6010.4%Retail/WholesaleVANGUARD VALUE$11,014,202$288,381 ▼-2.6%151,3980.4%Mutual FundsHONHoneywell International$10,711,924$345,852 ▼-3.1%50,8880.4%Multi-Sector ConglomeratesACNAccenture$10,335,006$582,962 ▼-5.3%41,9100.4%Computer and TechnologyHDHome Depot$10,128,534$595,224 ▼-5.6%24,9970.4%Retail/WholesaleNORTHERN MIDCAP$9,864,663$691,234 ▼-6.5%450,8520.4%Mutual FundsIWPiShares Russell Mid-Cap Growth ETF$9,827,999$207,776 ▲2.2%69,0120.4%ETFFRANKLIN ELECTRIC$9,520,000$14,402,808 ▼-60.2%100,0000.4%EquitiesMDYSPDR S&P MidCap 400 ETF Trust$9,354,094$225,895 ▼-2.4%15,6940.4%ETFPGProcter & Gamble$9,316,261$307,607 ▼-3.2%60,6330.4%Consumer StaplesXLKTechnology Select Sector SPDR Fund$9,135,083$301,872 ▼-3.2%32,4100.3%ETFLINDE PLC$9,014,075$138,700 ▼-1.5%18,9770.3%EquitiesXLVHealth Care Select Sector SPDR Fund$8,714,129$460,792 ▼-5.0%62,6150.3%ETFBROBrown & Brown$8,619,676$79,628 ▲0.9%91,9040.3%FinanceNOWServiceNow$8,217,180$2,267,570 ▼-21.6%8,9290.3%Computer and TechnologyVANGUARD LIMITED TAX$8,020,177$112,137 ▼-1.4%728,4430.3%Mutual FundsVONVVanguard Russell 1000 Value ETF$7,819,875$7,819,875 ▲New Holding87,5000.3%ETFFTNTFortinet$7,813,134$108,463 ▲1.4%92,9250.3%Computer and TechnologyT ROWE PRICE DIVID$7,756,023$1,319,971 ▼-14.5%90,8650.3%Mutual FundsGS FIN SQ GOVT$7,648,905$20,152 ▲0.3%7,648,9040.3%Cash EquivalentsBRK.BBerkshire Hathaway$7,552,663$362,978 ▼-4.6%15,0230.3%FinanceMCDMcDonald's$7,417,348$94,510 ▲1.3%24,4080.3%Retail/WholesaleVANGUARD HIGH DIV YD$7,386,633$220,811 ▼-2.9%173,7180.3%Mutual FundsAZNAstraZeneca$7,356,757$133,646 ▼-1.8%95,8910.3%MedicalPEPPepsiCo$7,337,148$351,381 ▼-4.6%52,2440.3%Consumer StaplesBAESYBae Systems$7,232,559$330,194 ▲4.8%65,2300.3%AerospaceTXNTexas Instruments$7,049,904$37,481 ▼-0.5%38,3710.3%Computer and TechnologyNEENextEra Energy$6,990,450$273,500 ▼-3.8%92,6010.3%UtilitiesDHRDanaher$6,915,309$518,252 ▼-7.0%34,8800.3%MedicalSCHDSchwab US Dividend Equity ETF$6,853,447$1,912,720 ▼-21.8%251,0420.3%ETFXLYConsumer Discretionary Select Sector SPDR Fund$6,824,228$673,628 ▼-9.0%28,4770.3%FinanceSPGIS&P Global$6,756,021$38,450 ▲0.6%13,8810.3%FinanceIWRiShares Russell Mid-Cap ETF$6,652,488$355,304 ▼-5.1%68,9020.3%ETFRTXRTX$6,639,822$214,350 ▼-3.1%39,6810.3%AerospaceEOGEOG Resources$6,633,132$156,632 ▼-2.3%59,1610.3%EnergyVANGUARD INFOTEC IDX$6,537,866$89,476 ▼-1.4%17,0980.2%Mutual FundsXOMExxon Mobil$6,461,477$78,700 ▼-1.2%57,3080.2%EnergyShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
