DaveManuel.com · Institutional Ownership · Who Owns It
FIRST MERCHANTS CORP (FRME)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
309
Reporting holders
$2.0B
Reported value
74.3%
Of shares outstanding
0.0%
Calls
0.0%
Puts
+7
Holder change
Institutions report 46,689,891 shares against 62,801,423 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $232.6M | 5,324,728 | 0.00% | 8q | +8.7%+$18.6M |
| DIMENSIONAL FUND ADVISORS LP | $161.2M | 3,689,776 | 0.03% | 31q | +2.6%+$4.1M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $148.7M | 3,402,832 | 0.01% | 2q | +1.3%+$1.9M |
| VANGUARD CAPITAL MANAGEMENT LLC | $118.9M | 2,720,680 | 0.00% | 2q | HELD |
| STATE STREET CORP | $111.5M | 2,551,308 | 0.00% | 31q | +13.9%+$13.6M |
| EARNEST PARTNERS LLC | $95.0M | 2,174,024 | 0.34% | 29q | -3.6%-$3.6M |
| GEODE CAPITAL MANAGEMENT, LLC | $73.0M | 1,670,991 | 0.00% | 31q | +6.2%+$4.2M |
| Nuveen, LLC | $46.3M | 1,058,876 | 0.01% | 6q | +1.5%+$679.5K |
| VICTORY CAPITAL MANAGEMENT INC | $45.6M | 1,042,728 | 0.03% | 31q | +4.8%+$2.1M |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | $37.2M | 850,405 | 0.74% | 31q | -1.3%-$506.4K |
| FIRST TRUST ADVISORS LP | $33.9M | 776,088 | 0.02% | 31q | +7.0%+$2.2M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $31.1M | 711,910 | 0.00% | 31q | -1.0%-$328.3K |
| FJ Capital Management LLC | $31.1M | 711,425 | 4.03% | 4q | HELD |
| GOLDMAN SACHS GROUP INC | $30.5M | 697,055 | 0.00% | 31q | -38.7%-$19.2M |
| WELLINGTON MANAGEMENT GROUP LLP | $30.4M | 696,621 | 0.01% | 3q | -30.8%-$13.6M |
| PL Capital Advisors, LLC | $30.0M | 686,333 | 8.34% | 31q | HELD |
| NORTHERN TRUST CORP | $29.9M | 683,988 | 0.00% | 31q | +4.7%+$1.3M |
| Qube Research & Technologies Ltd | $28.3M | 648,844 | 0.03% | 14q | HELD |
| JPMORGAN CHASE & CO | $27.9M | 639,609 | 0.00% | 31q | +20.7%+$4.8M |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $27.2M | 622,443 | 0.08% | 21q | -21.2%-$7.3M |
| AQR CAPITAL MANAGEMENT LLC | $24.7M | 566,471 | 0.01% | 13q | +39.9%+$7.1M |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | $23.9M | 546,322 | 0.08% | 31q | HELD |
| FIRST MERCHANTS CORP | $22.8M | 521,994 | 0.80% | 31q | -0.6%-$138.2K |
| TWO SIGMA INVESTMENTS, LP | $20.6M | 470,409 | 0.01% | 13q | +16.0%+$2.8M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $18.9M | 432,341 | 0.01% | 31q | HELD |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $18.8M | 429,606 | 0.33% | 13q | +8.4%+$1.5M |
| FMR LLC | $18.4M | 420,996 | 0.00% | 31q | +13.5%+$2.2M |
| Bank of New York Mellon Corp | $18.2M | 415,568 | 0.00% | 31q | -45.3%-$15.0M |
| VANGUARD FIDUCIARY TRUST CO | $17.9M | 410,238 | 0.00% | 2q | +2.8%+$485.9K |
| Fisher Asset Management, LLC | $16.0M | 367,005 | 0.00% | 31q | +5.2%+$792.7K |
| AMERICAN CENTURY COMPANIES INC | $15.1M | 344,504 | 0.01% | 31q | -1.3%-$200.8K |
| RAYMOND JAMES FINANCIAL INC | $14.8M | 339,054 | 0.00% | 7q | -1.6%-$244.2K |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $14.8M | 337,897 | 0.04% | 17q | +3.0%+$431.7K |
| MetLife Investment Management, LLC | $14.0M | 320,319 | 0.06% | 32q | +1.4%+$190.1K |
| MILLENNIUM MANAGEMENT LLC | $13.9M | 318,618 | 0.01% | 31q | -3.1%-$450.8K |
| GLENMEDE TRUST CO NA | $13.0M | 296,414 | 0.06% | 4q | +24.4%+$2.5M |
| Empowered Funds, LLC | $12.1M | 277,911 | 0.06% | 2q | +24.6%+$2.4M |
| MORGAN STANLEY | $9.3M | 213,604 | 0.00% | 35q | -5.8%-$570.4K |
| BANK OF AMERICA CORP /DE/ | $9.0M | 206,018 | 0.00% | 31q | -15.3%-$1.6M |
| WELLS FARGO & COMPANY/MN | $8.9M | 202,821 | 0.00% | 31q | +16.2%+$1.2M |
| Phocas Financial Corp. | $8.8M | 201,603 | 1.22% | 29q | -5.0%-$463.9K |
| DENALI ADVISORS LLC | $8.5M | 194,500 | 0.86% | 13q | -5.2%-$467.5K |
| Edgestream Partners, L.P. | $8.1M | 185,737 | 0.24% | 2q | +732.0%+$7.1M |
| ALLIANCEBERNSTEIN L.P. | $7.9M | 204,281 | 0.00% | 31q | -32.5%-$3.8M |
| ProShare Advisors LLC | $7.4M | 170,104 | 0.01% | 23q | -2.3%-$176.6K |
| MARSHALL WACE, LLP | $7.0M | 159,382 | 0.01% | 3q | +147.8%+$4.2M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6.6M | 151,364 | 0.00% | 29q | -24.9%-$2.2M |
| Creative Planning | $6.3M | 145,215 | 0.00% | 12q | +40.6%+$1.8M |
| CITADEL ADVISORS LLC | $6.1M | 140,294 | 0.00% | 10q | -9.6%-$651.8K |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $5.9M | 134,606 | 0.00% | 5q | +91.2%+$2.8M |
| LYNCH & ASSOCIATES/IN | $5.7M | 130,000 | 0.99% | 2q | HELD |
| Swiss National Bank | $5.6M | 127,162 | 0.00% | 31q | +2.4%+$131.1K |
| ENVESTNET ASSET MANAGEMENT INC | $5.4M | 124,472 | 0.00% | 31q | HELD |
| GREAT LAKES ADVISORS, LLC | $5.1M | 116,095 | 0.04% | 14q | +6.8%+$322.5K |
| Numerai GP LLC | $5.0M | 115,285 | 0.41% | 3q | +24.4%+$987.0K |
| NEW YORK STATE COMMON RETIREMENT FUND | $5.0M | 114,510 | 0.01% | 31q | +2.1%+$104.9K |
| AMERIPRISE FINANCIAL INC | $4.9M | 111,740 | 0.00% | 31q | -2.4%-$119.5K |
| PEREGRINE CAPITAL MANAGEMENT LLC | $4.9M | 111,491 | 0.16% | 8q | -8.1%-$426.6K |
| NORDEA INVESTMENT MANAGEMENT AB | $4.8M | 111,720 | 0.00% | 31q | -4.9%-$248.3K |
| OneAscent Financial Services LLC | $4.3M | 97,810 | 0.20% | 8q | +2.6%+$108.3K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $4.2M | 96,682 | 0.00% | 31q | -7.6%-$347.6K |
| FRANKLIN RESOURCES INC | $4.2M | 96,450 | 0.00% | 13q | +7.4%+$292.2K |
| Petiole USA ltd | $4.1M | 94,047 | 2.95% | 18q | HELD |
| PRICE T ROWE ASSOCIATES INC /MD/ | $4.1M | 93,609 | 0.00% | 31q | +15.0%+$532.0K |
| SEI INVESTMENTS CO | $4.1M | 92,890 | 0.00% | 31q | -37.1%-$2.4M |
| Mariner, LLC | $4.0M | 91,158 | 0.00% | 20q | +16.9%+$576.8K |
| CITIGROUP INC | $3.9M | 90,309 | 0.00% | 31q | +17.1%+$575.2K |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $3.9M | 89,476 | 0.02% | 4q | -15.0%-$689.6K |
| RHUMBLINE ADVISERS | $3.9M | 88,773 | 0.00% | 31q | +5.6%+$204.9K |
| Invesco Ltd. | $3.6M | 83,274 | 0.00% | 31q | -1.5%-$53.8K |
| ExodusPoint Capital Management, LP | $3.6M | 81,592 | 0.02% | new | NEW |
| Cerity Partners LLC | $3.5M | 80,081 | 0.00% | 5q | +2.5%+$83.7K |
| STIFEL FINANCIAL CORP | $3.4M | 78,574 | 0.00% | 23q | -6.4%-$233.3K |
| Curi Capital, LLC | $3.4M | 78,324 | 0.05% | 6q | -20.4%-$874.8K |
| FIRST FINANCIAL BANK - TRUST DIVISION | $3.3M | 75,779 | 0.24% | 31q | HELD |
| MENDON CAPITAL ADVISORS CORP | $3.3M | 75,000 | 1.16% | 6q | -23.1%-$983.0K |
| PRINCIPAL FINANCIAL GROUP INC | $3.3M | 74,933 | 0.00% | 31q | +6.4%+$198.2K |
| UBS Group AG | $3.3M | 74,836 | 0.00% | 31q | -43.2%-$2.5M |
| Verition Fund Management LLC | $3.3M | 74,527 | 0.02% | new | NEW |
| DARK FOREST CAPITAL MANAGEMENT LP | $3.2M | 72,174 | 0.20% | 7q | -17.8%-$683.4K |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3.1M | 71,220 | 0.00% | 31q | +0.5%+$16.6K |
| Schonfeld Strategic Advisors LLC | $3.0M | 69,722 | 0.01% | 5q | +730.1%+$2.7M |
| OCCUDO QUANTITATIVE STRATEGIES LP | $3.0M | 69,144 | 0.16% | 4q | +20.2%+$507.7K |
| Inspire Advisors, LLC | $3.0M | 67,888 | 0.21% | 5q | -5.6%-$176.7K |
| IEQ CAPITAL, LLC | $3.0M | 68,021 | 0.01% | 6q | +33.6%+$747.1K |
| PRUDENTIAL FINANCIAL INC | $3.0M | 67,873 | 0.00% | 2q | +594.9%+$2.5M |
| DEUTSCHE BANK AG\ | $2.9M | 67,265 | 0.00% | 34q | +12.7%+$332.2K |
| ADVISORY RESEARCH INC | $2.9M | 65,315 | 0.28% | 23q | -3.4%-$101.3K |
| Atom Investors LP | $2.8M | 64,208 | 0.25% | 3q | +8.1%+$209.9K |
| Russell Investments Group, Ltd. | $2.8M | 63,561 | 0.00% | 31q | +85.7%+$1.3M |
| VANGUARD ASSET MANAGEMENT, Ltd | $2.8M | 63,215 | 0.00% | 2q | +16.5%+$390.8K |
| BridgePort Financial Solutions, LLC | $2.5M | 58,069 | 0.65% | 4q | HELD |
| Y-Intercept (Hong Kong) Ltd | $2.5M | 57,284 | 0.05% | 5q | -31.8%-$1.2M |
| XTX Topco Ltd | $2.5M | 56,918 | 0.03% | 2q | +294.9%+$1.9M |
| Quantinno Capital Management LP | $2.4M | 55,686 | 0.00% | 5q | +87.7%+$1.1M |
| Round Hill Asset Management | $2.4M | 54,531 | 1.50% | 2q | -6.8%-$173.2K |
| Legal & General Group Plc | $2.3M | 53,763 | 0.00% | 31q | +13.9%+$287.5K |
| HRT FINANCIAL LP | $2.3M | 52,084 | 0.00% | 5q | -22.5%-$658.9K |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2.3M | 51,564 | 0.04% | 3q | -3.5%-$80.9K |
| D. E. Shaw & Co., Inc. | $2.1M | 49,198 | 0.00% | 5q | +45.2%+$668.9K |
Showing the largest 100 of 309 reported holders.
What the company announced
Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.
| Filed | Event date | What | Source |
|---|---|---|---|
| 2026-10-01 | 2026-10-01 | Directors or officers departed or appointed | filing |
| 2026-09-25 | 2026-09-25 | Material agreement entered | filing |
| 2026-09-24 | 2026-09-23 | Material agreement entered | filing |
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-12 | Myers Larry W | Director | Sold | 10,000 | $420.0K |
| 2026-06-11 | Myers Larry W | Director | Sold | 10,000 | $415.0K |
| 2026-08-19 | FLUHLER STEPHAN | Chief Information Officer | Sold | 4,080 | $176.3K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 67 | $44.9M | 1,127,543 | 8 | 24 | 10 | 0.0% |
| Q2 2026 | 309 | $2.0B | 46,689,891 | 31 | 123 | 79 | 0.0% |
| Q1 2026 | 302 | $1.8B | 46,133,089 | 48 | 114 | 70 | 0.1% |
| Q4 2025 | 282 | $1.6B | 43,916,708 | 28 | 93 | 90 | 0.0% |
| Q3 2025 | 281 | $1.7B | 45,001,048 | 29 | 97 | 74 | 0.0% |
| Q2 2025 | 277 | $1.7B | 44,200,787 | 34 | 79 | 86 | 0.0% |
| Q1 2025 | 273 | $1.8B | 44,419,110 | 36 | 73 | 84 | 0.0% |
| Q4 2024 | 254 | $1.7B | 43,653,187 | 31 | 80 | 75 | 0.0% |
| Q3 2024 | 242 | $1.6B | 43,770,071 | 30 | 84 | 66 | 0.0% |
| Q2 2024 | 230 | $1.4B | 43,366,390 | 22 | 80 | 62 | 0.0% |
| Q1 2024 | 232 | $1.6B | 44,530,029 | 27 | 58 | 82 | 0.0% |
| Q4 2023 | 227 | $1.7B | 44,983,275 | 29 | 71 | 75 | 0.0% |
| Q3 2023 | 211 | $1.2B | 42,996,545 | 23 | 79 | 56 | 0.0% |
| Q2 2023 | 210 | $1.2B | 42,769,907 | 25 | 76 | 59 | 0.0% |
| Q1 2023 | 211 | $1.4B | 43,691,493 | 16 | 79 | 56 | 0.0% |
| Q4 2022 | 230 | $1.8B | 43,251,967 | 26 | 68 | 81 | 0.0% |
| Q3 2022 | 208 | $2.2B | 56,078,422 | 20 | 75 | 59 | 0.0% |
| Q2 2022 | 210 | $2.4B | 68,303,870 | 34 | 70 | 57 | 0.0% |
| Q1 2022 | 199 | $1.9B | 45,520,881 | 22 | 67 | 62 | 0.0% |
| Q4 2021 | 199 | $2.4B | 57,772,726 | 18 | 67 | 56 | 0.0% |
| Q3 2021 | 202 | $2.3B | 54,503,794 | 19 | 60 | 66 | 0.0% |
| Q2 2021 | 194 | $2.5B | 59,102,425 | 19 | 59 | 57 | 0.0% |
| Q1 2021 | 190 | $2.7B | 57,013,677 | 22 | 58 | 68 | 0.0% |
| Q4 2020 | 181 | $2.2B | 58,320,630 | 27 | 56 | 58 | 0.0% |
| Q3 2020 | 179 | $1.5B | 62,662,384 | 27 | 49 | 60 | 0.0% |
| Q2 2020 | 178 | $1.8B | 65,206,294 | 19 | 70 | 48 | 0.0% |
| Q1 2020 | 182 | $2.2B | 83,816,845 | 24 | 44 | 65 | 0.0% |
| Q4 2019 | 193 | $2.8B | 68,011,768 | 25 | 65 | 51 | 0.0% |
| Q3 2019 | 179 | $2.4B | 62,507,997 | 19 | 63 | 54 | 0.0% |
| Q2 2019 | 182 | $2.2B | 58,921,033 | 22 | 48 | 69 | 0.0% |
| Q1 2019 | 188 | $2.3B | 61,801,378 | 12 | 65 | 68 | 0.0% |
| Q4 2018 | 199 | $2.1B | 62,364,650 | 5 | 2 | 3 | 0.0% |