FIRST MERCHANTS CORP (FRME) Institutional Shareholders
FIRST MERCHANTS CORP (FRME) is currently reported in institutional portfolios tracked by InsiderSet based on the latest available SEC Form 13F filings for the quarter ended June 30, 2026. The institutional investors covered on this page collectively reported approximately $1.73B in FRME holdings during the latest filing period.
Blackrock, Inc. is currently the largest disclosed institutional shareholder of FRME tracked by InsiderSet, reporting ownership valued at approximately $189.75M in its March 31, 2026 SEC Form 13F filing. Based on current market prices and the latest disclosed share count, the position is now estimated to be worth approximately $211.55M, representing an estimated gain of +11.49% since the filing period.
The top 10 institutional shareholders tracked on this page collectively account for approximately 53% of the total disclosed FRME value among the investors covered in this analysis. Major shareholders include Blackrock, Inc., Dimensional Fund Advisors Lp, Vanguard Portfolio Management Llc, and several other long-term asset managers with concentrated positions in FIRST MERCHANTS CORP (FRME).
This page ranks the largest institutional FRME shareholders using publicly disclosed SEC Form 13F data, including reported values, estimated current holding values, portfolio allocation percentages, ownership concentration metrics, and historical holding changes across major hedge funds and investment firms.
Institutional Holders
293
Total Reported Value
$1.73B
Largest Holder
Blackrock, Inc.
Largest Position
$189.75M
Insider Transactions (90d)
15
Latest Filing Quarter
Q2 2026
New Institutional Positions
61
Funds Exiting Positions
0
| Name | Investor/Manager | Portfolio % | Quantity | Reported Balance | Current Estimated Value | Gain/loss Since Filing | Estimated Portfolio Performance |
|---|---|---|---|---|---|---|---|
| Blackrock, Inc. | 0.00% | 4,899,356 | $189,752,039 | $211,554,192 | +$21,802,153 | +11.49% | |
| Dimensional Fund Advisors Lp | 0.03% | 3,596,017 | $139,272,120 | $155,276,014 | +$16,003,894 | +11.49% | |
| Vanguard Portfolio Management Llc | 0.01% | 3,359,034 | $130,095,387 | $145,043,088 | +$14,947,701 | +11.49% | |
| Vanguard Capital Management Llc | 0.00% | 2,730,611 | $105,756,564 | $117,907,783 | +$12,151,219 | +11.49% | |
| Earnest Partners Llc | 0.36% | 2,255,590 | $87,359,001 | $97,396,376 | +$10,037,375 | +11.49% | |
| State Street Corp | 0.00% | 2,239,768 | $86,746,215 | $96,713,182 | +$9,966,967 | +11.49% | |
| Geode Capital Management, Llc | 0.00% | 1,573,781 | $60,965,051 | $67,955,864 | +$6,990,813 | +11.47% | |
| Goldman Sachs Group Inc | 0.01% | 1,137,185 | $44,043,174 | $49,103,648 | +$5,060,474 | +11.49% | |
| Nuveen, Llc | 0.01% | 1,043,323 | $40,407,899 | $45,050,687 | +$4,642,788 | +11.49% | |
| Wellington Management Group Llp | 0.01% | 1,007,235 | $39,010,212 | $43,492,407 | +$4,482,195 | +11.49% | |
| Victory Capital Management Inc | 0.02% | 994,995 | $38,536,157 | $42,963,884 | +$4,427,727 | +11.49% | |
| Systematic Financial Management Lp | 0.77% | 861,995 | $33,385,106 | $37,220,944 | +$3,835,838 | +11.49% | |
| William Blair Investment Management, Llc | 0.10% | 789,882 | $30,592,130 | $34,107,105 | +$3,514,975 | +11.49% | |
| Bank Of New York Mellon Corp | 0.01% | 759,670 | $29,422,011 | $32,802,551 | +$3,380,540 | +11.49% | |
| First Trust Advisors Lp | 0.02% | 725,259 | $28,089,281 | $31,316,684 | +$3,227,403 | +11.49% | |
| Charles Schwab Investment Management Inc | 0.00% | 719,425 | $27,863,330 | $31,064,772 | +$3,201,442 | +11.49% | |
| Fj Capital Management Llc | 3.10% | 711,425 | $27,553,490 | $30,719,332 | +$3,165,842 | +11.49% | |
| Pl Capital Advisors, Llc | 8.02% | 686,333 | $26,581,677 | $29,635,859 | +$3,054,182 | +11.49% | |
| Northern Trust Corp | 0.00% | 653,359 | $25,304,594 | $28,212,042 | +$2,907,448 | +11.49% | |
| Qube Research & Technologies Ltd | 0.04% | 650,399 | $25,189,953 | $28,084,229 | +$2,894,276 | +11.49% | |
| First Merchants Corp | 0.80% | 521,994 | $22,805,918 | $22,539,701 | -$266,217 | -1.17% | |
| Manufacturers Life Insurance Company, The | 0.01% | 433,049 | $16,771,988 | $18,699,056 | +$1,927,068 | +11.49% | |
| Two Sigma Investments, Lp | 0.01% | 405,552 | $15,707,029 | $17,511,735 | +$1,804,706 | +11.49% | |
| Aqr Capital Management Llc | 0.01% | 404,991 | $15,685,310 | $17,487,511 | +$1,802,201 | +11.49% | |
| Vanguard Fiduciary Trust Co | 0.00% | 399,116 | $15,457,763 | $17,233,829 | +$1,776,066 | +11.49% | |
| Bridgeway Capital Management, Llc | 0.31% | 396,222 | $15,345,678 | $17,108,866 | +$1,763,188 | +11.49% | |
| Fmr Llc | 0.00% | 370,935 | $14,366,304 | $16,016,973 | +$1,650,669 | +11.49% | |
| American Century Companies Inc | 0.01% | 349,099 | $13,520,604 | $15,074,095 | +$1,553,491 | +11.49% | |
| Fisher Asset Management, Llc | 0.00% | 348,861 | $13,511,385 | $15,063,818 | +$1,552,433 | +11.49% | |
| Raymond James Financial Inc | 0.00% | 344,643 | $13,175,942 | $14,881,685 | +$1,705,743 | +12.95% | |
| Millennium Management Llc | 0.01% | 328,936 | $12,739,691 | $14,203,456 | +$1,463,765 | +11.49% | |
| Hotchkis & Wiley Capital Management Llc | 0.04% | 328,017 | $12,704,098 | $14,163,774 | +$1,459,676 | +11.49% | |
| Metlife Investment Management, Llc | 0.06% | 315,967 | $12,237,402 | $13,643,455 | +$1,406,053 | +11.49% | |
| Alliancebernstein L.P. | 0.00% | 302,502 | $11,337,775 | $13,062,036 | +$1,724,261 | +15.21% | |
| Bank Of America Corp | 0.00% | 243,276 | $9,422,081 | $10,504,658 | +$1,082,577 | +11.49% | |
| Morgan Stanley | 0.00% | 226,659 | $8,778,577 | $9,787,136 | +$1,008,559 | +11.49% | |
| Empowered Funds, Llc | 0.06% | 223,027 | $8,637,836 | $9,630,306 | +$992,470 | +11.49% | |
| Phocas Financial Corp. | 1.29% | 212,220 | $8,219,281 | $9,163,660 | +$944,379 | +11.49% | |
| Denali Advisors Llc | 0.88% | 205,200 | $7,947,396 | $8,860,536 | +$913,140 | +11.49% | |
| Susquehanna International Group, Llp | 0.01% | 201,524 | $7,805,025 | $8,701,806 | +$896,781 | +11.49% | |
| Wells Fargo & Company/Mn | 0.00% | 174,599 | $6,762,200 | $7,539,185 | +$776,985 | +11.49% | |
| Proshare Advisors Llc | 0.01% | 174,146 | $6,744,674 | $7,519,624 | +$774,950 | +11.49% | |
| Citadel Advisors Llc | 0.00% | 155,213 | $6,011,399 | $6,702,097 | +$690,698 | +11.49% | |
| Sei Investments Co | 0.01% | 147,699 | $5,720,381 | $6,377,643 | +$657,262 | +11.49% | |
| Lynch & Associates/In | 0.99% | 130,000 | $5,679,700 | $5,613,400 | -$66,300 | -1.17% | |
| Jane Street Group, Llc | 0.01% | 137,969 | $5,343,539 | $5,957,501 | +$613,962 | +11.49% | |
| Ubs Group Ag | 0.00% | 131,851 | $5,106,590 | $5,693,326 | +$586,736 | +11.49% | |
| Peregrine Capital Management Llc | 0.16% | 111,491 | $4,871,042 | $4,814,181 | -$56,861 | -1.17% | |
| Envestnet Asset Management Inc | 0.00% | 124,713 | $4,830,136 | $5,385,107 | +$554,971 | +11.49% | |
| Swiss National Bank | 0.00% | 124,162 | $4,808,794 | $5,361,315 | +$552,521 | +11.49% |
Frequently asked questions about FRME
Who owns the most FRME stock?
The largest holders of FRME are typically major institutional investors such as asset managers and hedge funds reporting on Form 13F. The table above ranks tracked superinvestors by reported position size using the latest available filings for FIRST MERCHANTS CORP (FRME).
Is FRME widely held by superinvestors?
Many widely followed stocks like FRME appear across numerous superinvestor portfolios because of liquidity, index inclusion, and fundamentals. The holder count and table above show how broadly FRME is represented among the institutional managers we track.
What do “Current Estimated Value”, “Gain/loss Since Filing”, and “Estimated Portfolio Performance” mean?
Current Estimated Value is reported share quantity from the latest 13F times our most recent split-adjusted U.S. session close. Gain/loss Since Filing is that estimate minus the reported 13F dollar value; Estimated Portfolio Performance is that difference as a percent of the reported value. Green means the estimate is above the filing value; red means below (not purchase cost). If many filers share the same implied filing price per share, the performance % may match across rows. These are not official fund marks or live quotes.