DaveManuel.com · Institutional Ownership · 13F Holdings

FIRST MERCHANTS CORP

Reported holdings as of Q3 2026, from 32 quarterly filings.

CIK

712534

Reported value

$3.0B

Positions

361

Top 10 weight

38.0%

Filed

2026-10-15

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
FMPW INST MONEY		$446.7M	446,738,983	14.67%	+8.46pp	10q	+153.4%+$270.4M
Vanguard 500 Index Admir		$144.3M	204,340	4.74%	-0.31pp	10q	-1.4%-$2.1M
FED SH INTRM TTL BD		$101.5M	10,267,749	3.33%	-0.19pp	10q	+3.4%+$3.3M
FED TTL RET BD CL R6		$94.0M	10,438,281	3.09%	-0.24pp	10q	+4.4%+$4.0M
VANGUARD BD INDEX FDS	BSV	$68.0M	889,927	2.23%	-0.16pp	18q	+2.1%+$1.4M
VANGUARD		$64.5M	166,001	2.12%	-0.31pp	10q	-3.8%-$2.5M
APPLE INC	AAPL	$63.7M	191,215	2.09%	+0.09pp	32q	-2.8%-$1.8M
ELI LILLY & CO	LLY	$61.5M	53,117	2.02%	-0.11pp	32q	+5.3%+$3.1M
ALPHABET INC	GOOGL	$59.4M	172,504	1.95%	-0.31pp	32q	-3.7%-$2.3M
SCHWAB FUNDAMENTAL INTL EQUITY INDEX FD		$53.5M	3,232,900	1.76%	-0.22pp	10q	-6.5%-$3.7M
MICROSOFT CORP	MSFT	$53.3M	103,853	1.75%	+0.40pp	32q	+1.2%+$643.7K
BROADCOM INC	AVGO	$44.7M	127,304	1.47%	-0.29pp	32q	-3.6%-$1.7M
VANGUARD INDEX FDS	VOO	$44.0M	62,786	1.44%	-0.07pp	32q	HELD
ISHARES TR	IYW	$42.5M	160,352	1.39%	-0.04pp	29q	-0.9%-$402.4K
FIDELITY CONTRAFUND		$41.9M	1,520,483	1.38%	-0.05pp	10q	+0.9%+$390.4K
VANGUARD EQUITY-INCOME A		$40.4M	410,465	1.33%	-0.09pp	10q	+1.5%+$605.3K
VANGUARD WORLD FD	VGT	$40.2M	319,642	1.32%	-0.08pp	32q	-3.6%-$1.5M
ISHARES TR	IVW	$36.7M	258,329	1.21%	-0.04pp	29q	+0.6%+$204.3K
NVIDIA CORPORATION	NVDA	$36.1M	158,022	1.18%	+0.04pp	32q	-2.9%-$1.1M
NORTH ULT-SH FIX INC		$35.2M	3,426,480	1.16%	-0.09pp	10q	HELD
LAM RESEARCH CORP	LRCX	$33.2M	101,009	1.09%	-0.47pp	8q	-1.3%-$431.3K
AMAZON COM INC	AMZN	$32.5M	130,544	1.07%	-0.07pp	32q	-3.3%-$1.1M
AMPHENOL CORP	APH	$30.1M	357,545	0.99%	-0.17pp	32q	-3.9%-$1.2M
ISHARES TR	AGG	$29.2M	309,358	0.96%	-0.10pp	29q	+1.3%+$361.2K
ADVISORS SER TR		$28.8M	1,686,430	0.95%	-0.04pp	10q	HELD
JPMORGAN CHASE & CO	JPM	$28.0M	84,561	0.92%	-0.08pp	32q	-2.7%-$778.4K
VANGUARD		$27.5M	2,757,740	0.90%	-0.08pp	10q	HELD
JANUS HENDERSON ENTERPRISE FUND CLASS I		$27.3M	186,576	0.90%	-0.17pp	10q	-3.4%-$952.4K
VANGUARD		$27.2M	223,927	0.89%	-0.08pp	10q	-2.7%-$760.5K
ISHARES TR	IJR	$26.9M	198,098	0.88%	-0.19pp	32q	-3.7%-$1.0M
MFS MID CAP VALUE R6		$24.7M	725,523	0.81%	-0.12pp	10q	-3.4%-$866.4K
VISA INC	V	$23.8M	66,272	0.78%	-0.05pp	32q	-4.1%-$1.0M
VANGUARD		$23.8M	174,390	0.78%	-0.16pp	10q	-4.8%-$1.2M
AMERICAN CENTY ETF TR	AVUV	$23.3M	197,939	0.77%	-0.10pp	7q	HELD
VANGUARD BD INDEX FDS	BIV	$22.0M	302,029	0.72%	-0.07pp	32q	+3.5%+$739.0K
ISHARES TR	IVE	$20.6M	90,386	0.68%	-0.04pp	32q	+1.4%+$282.4K
FIRST MERCHANTS CORP	FRME	$20.5M	515,902	0.67%	-0.13pp	32q	-1.2%-$242.3K
ISHARES TR	IEFA	$20.1M	207,279	0.66%	flat	13q	+6.7%+$1.3M
MORGAN STANLEY INTL		$19.6M	731,448	0.64%	-0.09pp	10q	HELD
VANGUARD INTERMEDIATE TERM TAX EXEMPT FUND ADMIRAL SHARES N/L		$19.5M	1,504,241	0.64%	-0.14pp	10q	-6.7%-$1.4M
VANGUARD		$18.2M	65,303	0.60%	-0.02pp	10q	-1.1%-$208.9K
META PLATFORMS INC	META	$18.1M	25,009	0.60%	+0.16pp	11q	+13.7%+$2.2M
INVESTMENT MANAGERS SER TR		$16.8M	689,099	0.55%	-0.08pp	10q	-4.9%-$856.3K
STRYKER CORPORATION	SYK	$16.2M	58,744	0.53%	-0.15pp	32q	-4.1%-$688.5K
WCM FOCUSED INTERNATIONA		$15.5M	563,719	0.51%	-0.11pp	10q	-7.6%-$1.3M
VANGUARD		$15.1M	1,639,722	0.50%	-0.04pp	10q	+3.0%+$444.5K
ABBVIE INC	ABBV	$14.9M	56,946	0.49%	-0.03pp	32q	-3.7%-$572.1K
WALMART INC	WMT	$14.5M	139,940	0.48%	-0.11pp	32q	-5.1%-$781.6K
VANGUARD LTD TERM TX EX ADM		$13.5M	1,261,478	0.44%	-0.01pp	10q	+8.1%+$1.0M
SELECT SECTOR SPDR TR	XLK	$13.3M	67,763	0.44%	-0.02pp	32q	-1.0%-$131.0K
TJX COS INC NEW	TJX	$13.2M	99,916	0.43%	-0.11pp	32q	-2.6%-$355.4K
FORTINET INC	FTNT	$13.1M	73,264	0.43%	-0.10pp	14q	-25.0%-$4.4M
CHUBB LIMITED	CB	$12.9M	39,518	0.42%	-0.07pp	32q	-3.6%-$476.8K
STATE STR SPDR S&P 500 ETF T	SPY	$12.8M	16,771	0.42%	-0.03pp	32q	-1.4%-$180.0K
ISHARES TR	SGOV	$12.6M	125,374	0.41%	+0.05pp	3q	+22.3%+$2.3M
JOHNSON & JOHNSON	JNJ	$12.3M	46,427	0.40%	-0.04pp	32q	-6.2%-$819.4K
COSTCO WHOLESALE CORPORATION	COST	$12.3M	13,462	0.40%	-0.07pp	32q	-5.2%-$674.6K
ISHARES TR	IJK	$11.9M	108,701	0.39%	-0.10pp	32q	-8.3%-$1.1M
INVESCO ACTIVELY MANAGED EXC	GSY	$11.9M	238,589	0.39%	-0.02pp	29q	+3.0%+$342.3K
DODGE COX INCOME		$11.8M	986,144	0.39%	-0.05pp	10q	HELD
CHARLES SCHWAB CORP (THE)	SCHW	$11.7M	120,084	0.39%	-0.02pp	27q	-3.9%-$471.6K
ISHARES TR	IJJ	$11.6M	84,421	0.38%	-0.09pp	32q	-7.8%-$987.1K
VANGUARD		$11.5M	1,136,698	0.38%	-0.04pp	10q	-1.7%-$197.3K
BLACKROCK INC	BLK	$11.3M	10,648	0.37%	-0.01pp	8q	-4.6%-$544.0K
LOWES COS INC	LOW	$11.0M	59,892	0.36%	-0.12pp	32q	-3.3%-$378.9K
VANGUARD		$10.8M	127,629	0.35%	-0.03pp	10q	-0.6%-$63.4K
VANGUARD SCOTTSDALE FDS	VONV	$10.6M	97,100	0.35%	-0.02pp	5q	HELD
PROCTER & GAMBLE CO	PG	$10.4M	71,871	0.34%	-0.04pp	32q	-3.0%-$321.5K
GRANT COUNTY STATE		$10.2M	8,340	0.33%	-0.02pp	10q	HELD
AMETEK INC	AME	$9.8M	39,707	0.32%	-0.03pp	13q	-5.4%-$557.6K
ISHARES TR	IWP	$9.7M	70,543	0.32%	-0.03pp	29q	+2.8%+$263.2K
SELECT SECTOR SPDR TR	XLV	$9.5M	56,427	0.31%	-0.01pp	32q	-1.2%-$117.4K
TEXAS INSTRS INC	TXN	$9.2M	32,810	0.30%	-0.06pp	32q	-4.6%-$440.0K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$9.1M	19,850	0.30%	-0.04pp	10q	-0.7%-$59.8K
ISHARES INC	IEMG	$9.0M	110,999	0.30%	-0.01pp	23q	+5.1%+$436.4K
STATE STR SPDR S&P MIDCAP 40	MDY	$8.9M	13,558	0.29%	-0.06pp	32q	-4.3%-$395.3K
O'REILLY AUTOMOTIVE INC	ORLY	$8.8M	102,617	0.29%	-0.06pp	32q	-4.4%-$408.2K
LINDE PLC	LIN	$8.7M	18,434	0.29%	-0.06pp	15q	-3.8%-$344.1K
CATERPILLAR INC	CAT	$8.3M	10,253	0.27%	-0.11pp	32q	-0.7%-$57.6K
NORTHERN MIDCAP		$7.7M	338,351	0.25%	-0.05pp	10q	-2.8%-$223.8K
VANGUARD HIGH DIVIDEND YIELD INDEX ADM		$7.5M	160,771	0.25%	-0.03pp	10q	-1.9%-$147.9K
S&P GLOBAL INC	SPGI	$7.5M	18,956	0.25%	-0.03pp	23q	-2.2%-$171.6K
CUMMINS INC	CMI	$7.5M	14,451	0.25%	-0.12pp	32q	-1.4%-$106.4K
EOG RES INC	EOG	$7.4M	54,072	0.24%	-0.01pp	32q	-4.0%-$312.9K
RTX CORPORATION	RTX	$7.4M	39,761	0.24%	-0.01pp	26q	+3.3%+$235.0K
CHEVRON CORPORATION	CVX	$7.1M	34,887	0.23%	+0.03pp	32q	-0.8%-$59.6K
ACCENTURE PLC IRELAND	ACN	$7.1M	38,560	0.23%	+0.05pp	32q	-7.5%-$574.1K
ISHARES TR	IWR	$7.0M	66,047	0.23%	-0.03pp	32q	-3.0%-$219.0K
BERKSHIRE HATHAWAY INC DEL	BRKB	$7.0M	14,141	0.23%	-0.02pp	32q	-1.8%-$128.0K
DANAHER CORP DEL	DHR	$7.0M	31,584	0.23%	+0.01pp	32q	-5.0%-$372.0K
VANGUARD INFOTEC IDX		$7.0M	13,540	0.23%	-0.01pp	10q	-1.7%-$119.9K
CISCO SYS INC	CSCO	$6.8M	63,409	0.22%	-0.04pp	32q	HELD
HOME DEPOT INC	HD	$6.6M	23,267	0.22%	-0.08pp	32q	-2.1%-$138.5K
BAE SYSTEMS PLC	BAESY	$6.6M	63,042	0.22%	-0.01pp	7q	-5.5%-$383.2K
T ROWE PRICE DIVIDEND GROWTH I		$6.4M	73,676	0.21%	-0.03pp	10q	-2.9%-$191.9K
ISHARES TR	IWS	$6.3M	38,951	0.21%	-0.01pp	12q	+3.9%+$234.2K
SCHWAB STRATEGIC TR	SCHD	$6.2M	191,136	0.20%	-0.02pp	32q	-4.4%-$284.6K
PEPSICO INC	PEP	$6.2M	48,845	0.20%	-0.04pp	32q	-3.1%-$200.1K
SERVICENOW INC	NOW	$6.2M	45,899	0.20%	+0.03pp	21q	-4.1%-$265.2K
SELECT SECTOR SPDR TR	XLY	$6.1M	55,662	0.20%	-0.03pp	32q	HELD
SELECT SECTOR SPDR TR	XLF	$6.0M	112,829	0.20%	-0.02pp	29q	-0.8%-$49.2K
VANGUARD INDEX FDS	VO	$6.0M	76,778	0.20%	-0.02pp	32q	+0.5%+$32.9K
VANGUARD		$5.9M	707,615	0.19%	-0.01pp	10q	+9.7%+$520.1K
CULLEN FROST BANKERS INC	CFR	$5.8M	37,754	0.19%	-0.02pp	32q	-3.7%-$221.1K
MCDONALDS CORP	MCD	$5.6M	24,180	0.18%	-0.06pp	32q	-5.8%-$344.8K
SELECT SECTOR SPDR TR	XLP	$5.5M	68,763	0.18%	-0.02pp	32q	-1.1%-$59.2K
CONOCOPHILLIPS	COP	$5.5M	44,217	0.18%	+0.01pp	32q	-5.8%-$338.5K
ECOLAB INC	ECL	$5.4M	19,817	0.18%	-0.02pp	32q	-4.5%-$254.0K
GLDMN SCHS FIN SQ GV-FST		$5.4M	5,413,519	0.18%	+0.04pp	10q	+37.9%+$1.5M
EATON CORP PLC	ETN	$5.4M	12,512	0.18%	-0.01pp	11q	-1.6%-$88.5K
VANGUARD INDEX FDS	VB	$5.2M	18,379	0.17%	-0.02pp	32q	HELD
BROWN BROWN INC	BRO	$5.1M	83,318	0.17%	-0.03pp	32q	-5.7%-$307.7K
ISHARES TR	IJH	$5.0M	70,047	0.17%	-0.02pp	32q	+3.8%+$186.0K
SELECT SECTOR SPDR TR	XLC	$4.9M	43,928	0.16%	-0.01pp	29q	-0.6%-$28.2K
FRANKLIN ELECTRIC UNVERIFIED ID		$4.6M	48,484	0.15%	-0.22pp	9q	-51.5%-$4.9M
CONSTELLATION ENERGY CORP	CEG	$4.6M	18,201	0.15%	-0.01pp	8q	-2.9%-$138.9K
SELECT SECTOR SPDR TR	XLI	$4.6M	27,649	0.15%	flat	29q	+15.8%+$631.5K
CDM ASSOC LLC NON-CUSIP ID		$4.6M	40	0.15%	-0.01pp	10q	DEBT
SELECT SECTOR SPDR TR	XLRE	$4.5M	110,080	0.15%	-0.03pp	31q	-4.3%-$202.1K
SYNOPSYS INC	SNPS	$4.3M	9,877	0.14%	-0.02pp	5q	-6.4%-$291.4K
L3HARRIS TECHNOLOGIES INC	LHX	$4.2M	17,730	0.14%	-0.05pp	29q	-3.4%-$146.3K
SELECT SECTOR SPDR TR	XLB	$4.1M	84,683	0.14%	-0.02pp	32q	-1.5%-$64.7K
ISHARES TR	IWM	$4.0M	14,464	0.13%	-0.02pp	32q	+0.9%+$35.3K
SELECT SECTOR SPDR TR	XLE	$3.9M	62,719	0.13%	+0.01pp	29q	-0.7%-$26.0K
AUTOMATIC DATA PROCESSING IN	ADP	$3.8M	14,679	0.12%	flat	32q	-4.6%-$182.7K
DODGE COX INTERNATIONA L STOCK		$3.7M	208,743	0.12%	-0.02pp	10q	-1.1%-$42.5K
VANGUARD SHORT-TERM TAX-EXEMPT FUND ADMIRAL SHARES		$3.7M	237,812	0.12%	-0.01pp	10q	-0.9%-$33.3K
VALERO ENERGY CORP	VLO	$3.7M	9,561	0.12%	+0.03pp	32q	-4.2%-$163.2K
BALL CORP	BALL	$3.6M	64,222	0.12%	-0.03pp	32q	-7.8%-$302.6K
ABBOTT LABORATORIES	ABT	$3.5M	35,786	0.12%	-0.01pp	32q	-8.9%-$347.1K
PHILIP MORRIS INTL INC	PM	$3.5M	18,442	0.12%	flat	10q	HELD
AMERIPRISE FINL INC	AMP	$3.5M	7,144	0.12%	-0.01pp	32q	-4.9%-$181.7K
DISNEY WALT CO	DIS	$3.5M	33,395	0.12%	-0.01pp	32q	-6.1%-$228.2K
UNION PAC CORP	UNP	$3.4M	12,609	0.11%	flat	32q	+7.9%+$250.9K
AMGEN INC	AMGN	$3.4M	8,092	0.11%	flat	32q	-5.0%-$180.8K
FPA NEW INCOME INC		$3.4M	348,695	0.11%	-0.04pp	10q	-21.5%-$924.7K
FIDELITY S/T TRS BD		$3.3M	330,537	0.11%	-0.02pp	10q	-4.4%-$154.2K
COPART INC	CPRT	$3.3M	121,459	0.11%	-0.02pp	15q	-5.7%-$200.1K
VANGUARD WINDSOR II-ADM		$3.2M	35,697	0.11%	-0.01pp	10q	-2.8%-$93.0K
QUICKSILVER ENT LLC UNVERIFIED ID		$3.1M	100	0.10%	-0.01pp	10q	DEBT
NETFLIX INC.	NFLX	$3.1M	43,919	0.10%	-0.01pp	9q	HELD
DFA US Small Cap Value		$3.0M	51,144	0.10%	-0.01pp	10q	HELD
AMERICAN AIRLINES GROUP INC		$3.0M	16,936	0.10%	-0.01pp	10q	-6.3%-$202.7K
ALPHABET INC	GOOG	$2.9M	8,542	0.10%	-0.02pp	32q	-5.2%-$159.8K
VANGUARD TAX-MANAGED SMALL CAP ADM		$2.9M	26,088	0.10%	-0.02pp	10q	HELD
INTEL CORP	INTC	$2.7M	22,591	0.09%	-0.02pp	32q	HELD
BEAMAN FAMILY FARMS NON-CUSIP ID		$2.7M	1	0.09%	-0.01pp	10q	HELD
NEXTERA ENERGY INC	NEE	$2.6M	34,754	0.09%	-0.04pp	32q	-15.0%-$463.3K
ISHARES TR	EEM	$2.6M	39,106	0.09%	-0.01pp	29q	-1.5%-$38.5K
ISHARES TR	IVV	$2.5M	3,274	0.08%	flat	32q	HELD
FIDELITY INTRMD TRS		$2.5M	268,010	0.08%	-0.02pp	10q	-6.4%-$167.6K
T ROWE PRICE BLUE CHIP GROWTH I		$2.5M	11,151	0.08%	-0.01pp	10q	-10.9%-$299.9K
DFA FUNDS		$2.4M	70,738	0.08%	-0.01pp	10q	-4.2%-$104.9K
DEERE CO	DE	$2.4M	3,570	0.08%	flat	25q	-3.7%-$92.0K
VANGUARD WHITEHALL FDS	VYM	$2.4M	15,277	0.08%	-0.01pp	29q	-2.0%-$47.3K
BERKSHIRE HATHAWAY INC DEL	BRKA	$2.2M	3	0.07%	-0.01pp	21q	HELD
SELECT SECTOR SPDR TR	XLU	$2.2M	56,335	0.07%	-0.02pp	29q	-0.9%-$20.1K
ISHARES TR	IJS	$2.2M	16,957	0.07%	-0.01pp	32q	-0.8%-$16.5K
VANGUARD		$2.2M	94,845	0.07%	-0.01pp	10q	-1.3%-$28.0K
PHILLIPS 66	PSX	$2.1M	8,389	0.07%	+0.02pp	32q	-7.8%-$180.8K
VANGUARD PRIMECAP		$2.0M	8,748	0.07%	-0.01pp	10q	-2.4%-$50.1K
SCHWAB STRATEGIC TR	SCHY	$2.0M	64,014	0.07%	-0.01pp	19q	-2.1%-$42.4K
SETTLEMENT AGREEMENT		$2.0M	1,976,154	0.06%	flat	10q	HELD
CASEYS GEN STORES INC	CASY	$2.0M	3,218	0.06%	-0.03pp	32q	-4.7%-$95.5K
INVESCO EXCHANGE TRADED FD T	RSP	$1.9M	9,288	0.06%	-0.01pp	32q	-2.4%-$47.2K
COCA COLA CO	KO	$1.9M	22,257	0.06%	flat	32q	-0.8%-$15.8K
CORTEVA INC	CTVA	$1.9M	24,613	0.06%	-0.01pp	29q	HELD
ISHARES TR	IJT	$1.9M	11,906	0.06%	-0.01pp	32q	-3.3%-$65.9K
VANGUARD		$1.8M	182,590	0.06%	-0.01pp	10q	-11.0%-$226.1K
VANGUARD		$1.8M	17,856	0.06%	-0.01pp	10q	-2.3%-$41.2K
VANGD CONS DISC IDX		$1.8M	9,274	0.06%	-0.01pp	10q	HELD
VANGUARD COMM SERVS		$1.6M	16,905	0.05%	flat	10q	HELD
AMERICAN CENTURY INVESTMENTS		$1.6M	16,061	0.05%	flat	10q	HELD
PROSHARES TR	TQQQ	$1.6M	20,000	0.05%	-0.01pp	5q	HELD
VANGUARD		$1.5M	154,919	0.05%	-0.01pp	10q	-0.6%-$9.8K
DIMENSIONAL ETF TRUST	DFAC	$1.5M	34,177	0.05%	flat	16q	HELD
GATEWAY FUND CLASS Y		$1.5M	27,874	0.05%	flat	10q	-2.6%-$40.2K
VANGUARD FINL IDX		$1.5M	22,813	0.05%	flat	10q	HELD
HUNTINGTON BANCSHARES INC	HBAN	$1.4M	94,895	0.05%	-0.01pp	13q	HELD
SCHWAB STRATEGIC TR	SCHP	$1.4M	57,242	0.05%	+0.02pp	12q	+88.1%+$673.7K
NUCOR CORP	NUE	$1.4M	6,142	0.05%	flat	32q	-0.9%-$13.6K
VANGUARD HLTHCR IDX		$1.4M	9,004	0.05%	flat	10q	HELD
Vanguard Tl Int Stock Index		$1.4M	30,976	0.05%	flat	10q	+2.3%+$31.9K
VANGUARD TAX-MANAGED FDS	VEA	$1.4M	19,445	0.05%	flat	12q	+0.8%+$10.3K
ISHARES TR	EFA	$1.3M	12,607	0.04%	flat	32q	+0.6%+$7.3K
VANGUARD EXTENDED MARKET INDEX FUND ADMIRAL SHARES		$1.3M	7,452	0.04%	-0.01pp	10q	-12.5%-$187.5K
VANGUARD		$1.3M	10,279	0.04%	-0.01pp	10q	-7.0%-$98.7K
MLC PROPERTIES LLC		$1.2M	1	0.04%	flat	10q	HELD
PALO ALTO NETWORKS INC	PANW	$1.2M	2,904	0.04%	flat	21q	HELD
SETTLEMENT AGREEMENT		$1.1M	1,148,000	0.04%	flat	10q	HELD
VANGUARD INDEX FDS	VNQ	$1.1M	12,588	0.04%	-0.01pp	32q	-1.1%-$12.5K
LT		$1.1M	48	0.04%	flat	10q	HELD
BLACKBIRD FARMS		$1.1M	48	0.04%	flat	10q	HELD
ORACLE CORP	ORCL	$1.1M	7,883	0.04%	-0.01pp	32q	-1.7%-$19.1K
ALPS ETF TR	AMLP	$1.1M	20,330	0.03%	flat	12q	+2.0%+$20.6K
ALTRIA GROUP INC	MO	$997.5K	14,813	0.03%	flat	10q	+15.7%+$135.6K
INVESCO QQQ TR	QQQ	$992.0K	1,341	0.03%	flat	10q	+5.9%+$55.5K
Vanguard FTSE Social Index Admiral		$986.7K	13,408	0.03%	flat	10q	HELD
SPDR SERIES TRUST	CWB	$977.3K	9,659	0.03%	flat	25q	HELD
CORNING INC	GLW	$971.8K	6,320	0.03%	-0.03pp	32q	-2.3%-$22.9K
VG CALIFORNIA INTERM TAX EXMPT		$936.4K	85,906	0.03%	flat	9q	HELD
ALLIANT ENERGY CORP	LNT	$926.4K	14,635	0.03%	-0.01pp	32q	-9.2%-$93.5K
VANGUARD		$924.4K	1,509	0.03%	flat	10q	HELD
MASTERCARD INCORPORATED	MA	$902.8K	1,637	0.03%	flat	11q	+1.0%+$8.8K
FIDELITY GROWTH		$900.1K	14,916	0.03%	flat	10q	+17.3%+$133.0K
AMERICAN WTR WKS CO INC NEW	AWK	$890.0K	6,874	0.03%	-0.01pp	30q	-7.0%-$66.9K
CANADIAN NATL RY CO	CNI	$854.5K	7,187	0.03%	flat	32q	-3.4%-$29.7K
VANGUARD INDUSTRIALS		$843.0K	5,118	0.03%	-0.01pp	10q	HELD
MERCK & CO INC	MRK	$826.4K	5,687	0.03%	flat	32q	-1.4%-$12.1K
AMERICAN FUNDS EUROPACIF IC GROWTH F		$806.7K	12,690	0.03%	flat	10q	-1.5%-$12.7K
CENCORA INC	COR	$787.6K	2,623	0.03%	flat	32q	-1.0%-$8.1K
NORTHERN GLOBAL SUST		$779.9K	26,866	0.03%	flat	10q	HELD
ELEVANCE HEALTH INC FORMERLY	ELV	$744.2K	1,914	0.02%	flat	32q	HELD
COLUMBIA CORP INC FUND I		$735.5K	84,539	0.02%	-0.02pp	8q	-42.4%-$542.5K
EMERSON ELEC CO	EMR	$725.1K	4,675	0.02%	flat	32q	+0.9%+$6.4K
LOCKHEED MARTIN CORP	LMT	$716.5K	1,407	0.02%	flat	29q	-0.7%-$5.1K
OMNICOM GROUP INC	OMC	$710.2K	9,645	0.02%	flat	32q	-10.2%-$80.8K
PARNASSUS CORE EQUITY INVESTOR		$697.8K	11,451	0.02%	-0.01pp	10q	-14.7%-$120.6K
FED MDT L/C VAL		$694.0K	17,237	0.02%	flat	10q	HELD
HENRY JACK & ASSOC INC	JKHY	$671.2K	4,686	0.02%	flat	32q	-2.7%-$18.3K
VERIZON COMMUNICATIONS INC	VZ	$664.0K	14,475	0.02%	flat	32q	-3.6%-$24.5K
MFS GROWTH I		$627.0K	3,020	0.02%	flat	10q	HELD
MFS INTERNATIONAL NEW DI SCOVERY R		$626.8K	17,402	0.02%	flat	10q	-3.3%-$21.6K
MORGAN STANLEY NOTE M/W CLBL		$618.5K	635,000	0.02%	-0.01pp	9q	-13.6%-$97.4K
T. ROWE		$618.1K	34,746	0.02%	flat	10q	-2.1%-$13.2K
AUNT DIANA FUDGE		$616.1K	900	0.02%	flat	10q	HELD
MFS		$611.4K	11,638	0.02%	flat	10q	-6.1%-$39.7K
INVESCO BALANCED-RISK COMMODITY STRAT Y		$610.8K	64,912	0.02%	flat	6q	+0.7%+$4.2K
VANG CONS STAP IDX		$599.5K	5,578	0.02%	flat	10q	HELD
ADVANCED MICRO DEVICES INC	AMD	$597.7K	977	0.02%	flat	2q	HELD
MFS MID CAP GROWTH R6		$588.1K	20,273	0.02%	flat	10q	HELD
MORGAN STANLEY	MS	$574.8K	3,056	0.02%	flat	11q	+0.5%+$3.0K
Vanguard Total Stock Index Adm		$568.3K	3,120	0.02%	-0.01pp	10q	-17.3%-$118.9K
VG COMMDTY FUND		$562.9K	17,273	0.02%	flat	6q	+3.8%+$20.8K
GRACO INC	GGG	$559.2K	7,277	0.02%	flat	32q	HELD
VANGUARD MUN BD FDS	VTEB	$556.5K	11,750	0.02%	flat	22q	HELD
ISHARES TR	MTUM	$553.8K	1,745	0.02%	flat	10q	HELD
FORD MTR CO	F	$551.8K	45,756	0.02%	flat	10q	HELD
SCHWAB FUNDAMENTAL US LARGE COMPANY IDX		$548.5K	14,627	0.02%	flat	10q	HELD
VANGUARD INDEX FDS	VXF	$547.3K	2,363	0.02%	flat	32q	-2.7%-$15.1K
MICROCHIP TECHNOLOGY INC.	MCHP	$539.5K	6,937	0.02%	flat	32q	HELD
T ROWE PRICE MID CAP GROWTH FUND CLASS I		$535.4K	5,415	0.02%	flat	10q	-8.7%-$50.7K
Fidelity Magellan Fund		$534.9K	34,512	0.02%	flat	5q	HELD
TESLA INC	TSLA	$532.2K	1,500	0.02%	flat	27q	+0.7%+$3.5K
SYSCO CORP	SYY	$524.3K	6,725	0.02%	flat	32q	HELD
AFLAC INC	AFL	$517.9K	4,633	0.02%	flat	32q	-8.9%-$50.3K
AMERICAN NEW WORLD FUND CLASS F3		$515.3K	4,804	0.02%	flat	10q	-8.9%-$50.1K
GOLDMAN SACHS GROUP INC	GS	$510.5K	567	0.02%	flat	10q	+0.5%+$2.7K
UNITEDHEALTH GROUP INC	UNH	$510.2K	1,390	0.02%	flat	32q	+3.6%+$17.6K
Vanguard		$506.8K	9,427	0.02%	flat	10q	-3.0%-$15.5K
PARKER HANNIFIN CORP	PH	$497.8K	521	0.02%	flat	10q	-3.5%-$18.2K
LINCOLN NATL LIFE NON-CUSIP ID		$493.0K	1	0.02%	flat	10q	HELD
NORTHROP GRUMMAN CORP	NOC	$488.3K	1,010	0.02%	flat	10q	HELD
AIM INVT FDS INVESCO INVT FD		$487.5K	43,140	0.02%	flat	10q	HELD
VANGUARD INTL EQUITY INDEX F	VEU	$483.1K	5,822	0.02%	flat	32q	+12.7%+$54.6K
FIRST MAJESTIC SILVER CORP	AG	$477.7K	27,002	0.02%	-	new	NEW
CARDINAL HEALTH INC	CAH	$475.7K	2,138	0.02%	flat	8q	HELD
ISHARES TR	IWF	$475.6K	3,797	0.02%	flat	23q	-7.5%-$38.3K
PFIZER INC	PFE	$471.1K	16,517	0.02%	flat	32q	HELD
MARZETTI COMPANY	MZTI	$466.2K	4,700	0.02%	flat	12q	HELD
VANGUARD ENRGY IDX		$462.6K	5,372	0.02%	flat	10q	HELD
BANK OF MONTREAL	BMO	$454.3K	2,716	0.01%	flat	8q	HELD
CME GROUP INC	CME	$447.7K	1,709	0.01%	flat	32q	HELD
IMPAX INTERNATIONAL SUSTAINABLE ECONOMY FUND INSTITUTIONAL CLASS		$440.0K	32,763	0.01%	flat	4q	-15.7%-$82.0K
TWILIO INC	TWLO	$438.7K	1,500	0.01%	flat	2q	HELD
VANGUARD INDEX FDS	VTI	$436.7K	1,167	0.01%	flat	13q	-14.0%-$71.1K
GOLDMAN SACHS TR		$434.9K	21,283	0.01%	flat	10q	HELD
ISHARES TR	IDV	$425.3K	10,080	0.01%	flat	29q	HELD
THERMO FISHER SCIENTIFIC INC	TMO	$421.9K	625	0.01%	flat	32q	HELD
CVS HEALTH CORP	CVS	$420.7K	4,909	0.01%	flat	4q	HELD
INGERSOLL RAND 5.314 6/15/31		$418.8K	425,000	0.01%	flat	9q	DEBT
AMERICAN INCOME FUND OF AMERICA CLASS F2		$418.2K	15,546	0.01%	-	new	NEW
MARATHON PETE CORP	MPC	$406.5K	1,028	0.01%	flat	11q	-12.5%-$58.1K
DUKE ENERGY CORP NEW	DUK	$406.4K	3,565	0.01%	flat	5q	HELD
LA Z BOY INC	LZB	$404.9K	13,662	0.01%	-0.01pp	29q	-3.5%-$14.8K
NORFOLK SOUTHN CORP	NSC	$399.5K	1,293	0.01%	flat	10q	HELD
ISHARES TR	IYF	$397.7K	3,165	0.01%	flat	29q	HELD
VANGUARD		$392.0K	3,301	0.01%	-0.01pp	10q	-19.4%-$94.5K
KINDER MORGAN INC DEL	KMI	$391.8K	12,994	0.01%	flat	3q	HELD
ROPER TECHNOLOGIES INC	ROP	$391.3K	1,120	0.01%	flat	28q	-16.6%-$77.9K
ISHARES TR	IBB	$381.1K	1,810	0.01%	flat	32q	HELD
BECTON DICKINSON CO	BDX	$380.9K	2,128	0.01%	flat	32q	-3.4%-$13.2K
VANGUARD		$380.4K	7,708	0.01%	flat	9q	HELD
ROGERS MARKETS INC NON-CUSIP ID		$376.8K	1,743	0.01%	flat	7q	DEBT
STEEL DYNAMICS INC	STLD	$371.2K	1,675	0.01%	flat	10q	HELD
EXTRA SPACE STORAGE INC	EXR	$370.6K	2,818	0.01%	flat	13q	HELD
VIATRIS INC	VTRS	$354.4K	20,000	0.01%	flat	3q	HELD
ISHARES TR	OEF	$349.6K	915	0.01%	flat	12q	HELD
ARTISAN DEV WORLD FD		$319.6K	13,650	0.01%	flat	10q	-6.6%-$22.4K
SPDR GOLD TR	GLD	$319.1K	838	0.01%	flat	8q	-15.2%-$57.1K
ENTERPRISE PRODS PARTNERS L	EPD	$317.8K	8,924	0.01%	flat	8q	HELD
MARVELL TECHNOLOGY INC	MRVL	$317.1K	1,200	0.01%	flat	2q	HELD
COLGATE PALMOLIVE CO	CL	$316.5K	3,710	0.01%	flat	32q	-1.1%-$3.4K
COMMUNITY FINANCIAL CORP NON-CUSIP ID		$316.0K	2,000	0.01%	flat	10q	DEBT
Thornburg Invt Income		$313.5K	8,340	0.01%	-	new	NEW
FIRST EAGLE GLOBAL I		$307.3K	3,544	0.01%	-	new	NEW
VANGUARD US GROWTH INVESTOR		$301.0K	3,845	0.01%	flat	10q	HELD
L RYAN PN DTD 12-1-25 6.5 $310 UNVERIFIED ID		$299.5K	310,880	0.01%	flat	4q	HELD
ISHARES TR	IYH	$298.3K	4,169	0.01%	flat	29q	HELD
FIRST INTERNET BANCORP	INBK	$294.4K	11,172	0.01%	flat	8q	HELD
COLUMBIA CONTRARIAN		$290.4K	6,476	0.01%	flat	6q	HELD
VANGUARD SCOTTSDALE FDS	VCIT	$283.9K	3,625	0.01%	flat	26q	-11.0%-$35.2K
12.565 OWNER INT		$282.9K	2	0.01%	flat	10q	HELD
VANGUARD INTL EQUITY INDEX F	VWO	$277.6K	4,681	0.01%	flat	5q	+12.4%+$30.7K
VANGUARD INDEX FDS	VV	$277.6K	789	0.01%	flat	32q	-6.0%-$17.6K
SPROTT ASSET MANAGEMENT LP	PSLV	$271.9K	14,035	0.01%	-	new	NEW
BLACKSTONE INC	BX	$269.0K	2,400	0.01%	flat	10q	HELD
SALESFORCE INC	CRM	$264.9K	1,154	0.01%	-	new	NEW
REPUBLIC SVCS INC	RSG	$262.3K	1,250	0.01%	flat	32q	HELD
NUVEEN PFD & INCOME OPPORTUN	JPC	$259.8K	38,097	0.01%	flat	4q	-3.0%-$8.1K
SAP SE	SAP	$258.1K	1,238	0.01%	-0.06pp	5q	-90.8%-$2.6M
ILLINOIS TOOL WKS INC	ITW	$257.3K	1,000	0.01%	flat	11q	HELD
TRUIST FINL CORP	TFC	$254.7K	5,500	0.01%	flat	3q	HELD
SLB LIMITED	SLB	$254.4K	5,221	0.01%	flat	16q	-8.7%-$24.4K
GE AEROSPACE	GE	$254.2K	814	0.01%	flat	5q	+15.0%+$33.1K
ISHARES TR	IWO	$249.8K	700	0.01%	flat	29q	HELD
ISHARES TR	DVY	$248.2K	1,632	0.01%	flat	9q	HELD
NESTLE SA SPONSORED ADR	NSRGY	$245.8K	2,700	0.01%	flat	2q	HELD
FRANKLIN MANAGED INCOME ADV		$244.5K	18,710	0.01%	-	new	NEW
WASTE MGMT INC DEL	WM	$244.5K	1,199	0.01%	flat	29q	HELD
INTERNATIONAL BUSINESS MACHS	IBM	$237.7K	1,081	0.01%	flat	4q	-0.7%-$1.8K
VANGUARD UTIL IDX		$231.8K	2,702	0.01%	flat	10q	HELD
ISHARES TR	ITOT	$231.0K	1,389	0.01%	flat	2q	HELD
ISHARES TR	GVI	$230.7K	2,238	0.01%	-0.01pp	8q	-51.5%-$245.3K
APPLIED MATLS INC	AMAT	$227.1K	444	0.01%	flat	2q	+0.7%+$1.5K
HUBBELL INC	HUBB	$226.8K	500	0.01%	flat	6q	HELD
COMCAST CORP NEW	CMCSA	$225.7K	10,373	0.01%	-0.01pp	32q	-37.8%-$136.9K
HCA Healthcare, Inc.	HCA	$224.0K	525	0.01%	flat	6q	HELD
ADOBE INC	ADBE	$222.7K	928	0.01%	flat	32q	-23.4%-$68.1K
LORD ABBETT ULTRA SH		$220.0K	22,044	0.01%	flat	2q	HELD
NYLI MACKAY HIGH YIELD MUNI		$219.8K	20,037	0.01%	flat	10q	HELD
VANGUARD GROWTH AND INCOME FUND ADMIRAL SHARES		$214.2K	1,763	0.01%	flat	2q	HELD
Crystal Valley Financial Corp	CYVF	$209.9K	2,600	0.01%	flat	3q	HELD
QUANTA SVCS INC	PWR	$208.2K	324	0.01%	flat	2q	HELD
WELLTOWER INC	WELL	$207.2K	900	0.01%	flat	2q	HELD
BRISTOL-MYERS SQUIBB CO	BMY	$202.8K	3,250	0.01%	-	new	NEW
LAKELAND FINL CORP	LKFN	$201.8K	3,500	0.01%	flat	3q	HELD
FED GOVT TAX MAN P		$200.7K	200,713	0.01%	flat	10q	-1.8%-$3.6K
FIDELITY ST TAX FREE		$196.0K	17,917	0.01%	flat	5q	HELD
VANGUARD GNMA ADM		$187.3K	20,924	0.01%	flat	10q	HELD
FRANKLIN INCOME ADVISOR CL		$172.8K	69,972	0.01%	-	new	NEW
EATON VANCE LIMITED DURATION	EVV	$169.0K	20,000	0.01%	flat	4q	-4.8%-$8.4K
PIMCO		$151.2K	14,698	0.00%	flat	10q	HELD
COLUMBIA ULTRA SHORT DURATION M		$148.2K	14,972	0.00%	flat	8q	HELD
VANGUARD HIGHYIELD CORPORATE INV		$145.7K	27,539	0.00%	flat	4q	HELD
NUVEEN AMT FREE MUN CR INC F	NVG	$136.7K	12,880	0.00%	flat	17q	HELD
RICHARD G HALSTEAD 4.77 DUE 12 NON-CUSIP ID		$84.9K	84,911	0.00%	flat	6q	DEBT
MORGAN STANLEY BANK 4.800 DUE		$75.2K	75,000	0.00%	flat	9q	HELD
FEDERATED HERMES KAUFMANN FUND CLASS R		$66.9K	10,902	0.00%	flat	5q	HELD
PERSIMMONS INC UNVERIFIED ID		$50.0K	29,664	0.00%	flat	8q	DEBT
ABI FMB CL 3543986 UNVERIFIED ID		$5	6,000,000	0.00%	flat	10q	HELD
ABI FMB LOC #5471834 UNVERIFIED ID		$2	405,000	0.00%	flat	10q	HELD
ABI FM CL 1228820100		$1	1,000,000	0.00%	flat	10q	HELD
ASSIGN. OF BEN. INT.		$1	100,000	0.00%	flat	10q	HELD
LOC #3243385 UNVERIFIED ID		$1	3,750,000	0.00%	flat	10q	HELD
DEL LIFE REGATTA		$1	350,810	0.00%	flat	10q	HELD
ABI FMB LN #5463327 UNVERIFIED ID		$1	39,254	0.00%	flat	10q	HELD
FMB LOC 5478936 UNVERIFIED ID		$1	500,000	0.00%	flat	10q	HELD
A/B/I-LOC#5299624 NON-CUSIP ID		$1	1,000,000	0.00%	flat	10q	DEBT
LOC5299934		$1	395,000	0.00%	flat	10q	HELD
FMB LOC 5814715 UNVERIFIED ID		$0	500,000	0.00%	flat	2q	HELD

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Software & IT Services	$150.8M	5.0%
Semiconductors & Electronics	$134.8M	4.4%
Retail & Consumer	$109.8M	3.6%
Biotech & Pharma	$97.5M	3.2%
Computer Hardware	$85.0M	2.8%
Industrials	$61.6M	2.0%
Banks & Lending	$56.9M	1.9%
Other sectors	$271.0M	8.9%
Not classified	$2.1B	68.2%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q3 2026	-0.1%	+2.1%	-2.2%	69%
Q2 2026	+11.9%	+14.8%	-3.0%	72%
Q1 2026	-1.9%	-4.6%	+2.7%	77%
Q4 2025	+2.0%	+2.4%	-0.4%	75%
Q3 2025	+6.3%	+7.8%	-1.5%	70%
Q2 2025	+8.1%	+10.5%	-2.3%	69%
Q1 2025	-3.0%	-4.6%	+1.5%	73%
Q4 2024	+0.0%	+2.1%	-2.1%	72%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2026	$3.0B	361	9	49	171	9	38.0%	15
Q2 2026	$2.8B	361	17	63	162	13	31.3%	15
Q1 2026	$2.6B	357	7	88	160	18	31.8%	16
Q4 2025	$2.7B	368	17	92	148	20	32.4%	12
Q3 2025	$2.7B	371	13	46	204	11	31.6%	22
Q2 2025	$2.6B	369	8	47	201	18	31.3%	23
Q1 2025	$2.5B	379	9	63	191	34	31.1%	24
Q4 2024	$2.6B	404	22	91	147	22	30.3%	30
Q3 2024	$2.6B	404	40	94	148	11	29.5%	24
Q2 2024	$2.5B	375	171	47	122	11	30.4%	25
Q1 2024	$1.3B	215	14	71	96	10	26.8%	25
Q4 2023	$1.2B	211	10	67	91	3	26.6%	25
Q3 2023	$1.1B	204	5	54	112	7	25.9%	26
Q2 2023	$1.2B	206	2	64	111	10	26.0%	25
Q1 2023	$1.1B	214	4	62	124	14	25.2%	25
Q4 2022	$1.1B	224	11	84	103	7	21.7%	26
Q3 2022	$998.7M	220	4	113	69	1	24.0%	25
Q2 2022	$1.0B	217	5	62	115	20	23.3%	26
Q1 2022	$1.2B	232	8	76	92	11	25.7%	26
Q4 2021	$1.3B	235	8	79	106	11	26.3%	27
Q3 2021	$1.6B	238	5	89	99	7	41.4%	26
Q2 2021	$1.5B	240	6	81	93	11	40.2%	26
Q1 2021	$1.5B	245	12	117	80	7	40.7%	22
Q4 2020	$1.5B	240	3	89	114	8	43.5%	28
Q3 2020	$1.3B	245	18	103	97	8	44.5%	28
Q2 2020	$1.2B	235	11	90	98	8	43.1%	23
Q1 2020	$772.7M	232	7	79	103	26	26.9%	23
Q4 2019	$976.8M	251	8	79	132	19	24.2%	30
Q3 2019	$941.0M	262	69	87	78	9	24.4%	24
Q2 2019	$628.5M	202	9	78	82	6	21.8%	25
Q1 2019	$619.4M	199	9	95	63	5	23.3%	25
Q4 2018	$521.1M	195	0	0	0	0	23.2%	31

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.