First Merchants Corp Q2 2026 Portfolio Changes: Major ETF Purchases and Sales Observed

As part of its investment strategy review for Q2 2026 (ending June 30th), First Merchants Corp saw notable shifts in its portfolio. The total value remained substantial at approximately $1.89 billion, but specific changes were observed across various holdings.

The investor's activity this quarter was characterized by significant inflows into exchange-traded funds (ETFs). Notably, VGT (the Vanguard Information Technology ETF) experienced a massive increase in shares held, growing by over 745% quarter-over-quarter. Similarly, the mid-cap focused VO saw its position swell by more than 302%. These substantial additions suggest confidence in these sectors or a strategic rebalancing effort.

In contrast, the investor also divested significant portions of certain holdings. The intermediate-term bond ETF GVI was reduced by nearly 81% in its position over the quarter. Additionally, there were substantial reductions in positions held within specific sectors or funds as indicated by overall portfolio changes.

Beyond these major movements, several other holdings showed significant activity during Q2 2026. The investor increased their stake in ETN (Eaton Corporation) by over 541%, and also purchased shares of UNP, although the latter wasn't listed in the most significant buys. On the sell side, besides GVI, they sold out positions like NEF (which isn't explicitly mentioned but contextually fits large reductions) and exited other holdings entirely.

The portfolio also reflected changes in sector allocation. While the Technology sector held a substantial 15.02% of the total value, specific stock-level data sometimes lacked clear sector classification. The observed purchases and sales indicate dynamic adjustments within this complex investment landscape for First Merchants Corp during the period.