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FIRST MERCHANTS CORP — 13F Holdings & Portfolio

CIK 712534 · latest 13F-HR filed 2026-10-15

Backtest portfolio

FIRST MERCHANTS CORP manages $3.05B in 13F-reported U.S. long-equity assets across 497 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are FMPW INST MONEY (14.64%), VNRDF (4.67%), FED SH INTRM TTL BD (3.27%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 9 new positions and exited 9; 49 existing positions rose in reported value and 143 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$3.05B

Long-equity book

Holdings
497

Distinct positions

Period
2026-09-30

Filed 2026-10-15

Q/Q Activity
+9 / −9 / ↑49 / ↓143

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
FMPW INST14.7% · +153%VNRDF4.8% · +784%FED SH3.3% · +3%BSV3.1% · +318%FED TTL3.1% · +4%VANGUARD MID-CAP2.1% · newAAPL2.1% · -3%LLY2.0% · +5%GOOGL1.9% · -4%SCHWAB FDMTL1.8% · newMSFT1.7% · +1%IPCIQ1.5% · newAVGO1.5% · -4%VOO1.4% · +0%IYW1.4% · -1%FIDELITY CONTRAFUND1.4% · newVANGUARD EQUITY1.3% · newVGT1.3% · -4%IVW1.2% · +1%NVDA1.2% · -3%NORTH ULT-SH1.2% · -0%LRCX1.1% · -1%AMZN1.1% · -3%APH1.0% · +92%AGG1.0% · +1%PZENA EMERGING0.9% · newJPM0.9% · -3%BIV0.9% · +126%JANUS ENTERPRISE0.9% · newIJR0.9% · -4%MFS MIDCAP0.8% · newV0.8% · -4%VANGUARD SMALLCAP0.8% · newAVUV0.8% · 0%IVE0.7% · +1%FRME0.7% · -1%MS0.7% · +0%IEFA0.7% · +7%VTEI0.6% · -7%VANGUARD GRW0.6% · newMETA0.6% · +14%WCM FOCUSED0.6% · -5%SYK0.5% · -4%BND0.5% · +3%ABBV0.5% · -4%WMT0.5% · -5%VTEC0.4% · newXLK0.4% · -1%TJX0.4% · -3%FTNT0.4% · -25%CB0.4% · -4%SPY0.4% · -1%SGOV0.4% · +22%JNJ0.4% · -6%COST0.4% · -5%IJK0.4% · -8%GSY0.4% · +3%COXCF0.4% · newSCHW0.4% · -4%IJJ0.4% · -8%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 38.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 49 →

Top Trims

Show all 143 →

New Positions

Show all 9 →

Exited Positions

Show all 9 →

FIRST MERCHANTS CORP Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 FMPW INST MONEY — 100001999 $445.7M 14.64% 445,743,702 SH
2 VANGUARD 500 INDEX A VNRDF 922908710 $142.3M 4.67% 201,519 SH
3 FED SH INTRM TTL BD — 31420B862 $99.6M 3.27% 10,073,438 SH
4 FED TTL RET BD CL R6 — 31428Q739 $92.6M 3.04% 10,282,363 SH
5 VANGUARD SHORT TERM BSV 921937827 $66.3M 2.18% 867,265 SH
6 VANGUARD MID-CAP AD — 922908645 $63.5M 2.08% 163,401 SH
7 APPLE INC AAPL 037833100 $62.5M 2.05% 187,724 SH
8 ALPHABET CL A GOOGL 02079K305 $58.9M 1.93% 171,169 SH
9 SCHWAB FDMTL INTL LC — 808509376 $53.2M 1.75% 3,212,735 SH
10 MICROSOFT CORP MSFT 594918104 $52.6M 1.73% 102,628 SH
11 BROADCOM INC NPV AVGO 11135F101 $44.4M 1.46% 126,350 SH
12 VANGUARD S&P 500 ETF VOO 922908363 $43.3M 1.42% 61,786 SH
13 FIDELITY CONTRAFUND — 316071109 $41.3M 1.36% 1,498,090 SH
14 TECH ISHARES ETF IYW 464287721 $40.9M 1.34% 154,300 SH
15 VG INFO TECH ETF VGT 92204A702 $40.1M 1.32% 319,040 SH
16 VANGUARD EQUITY — 921921300 $39.2M 1.29% 397,885 SH
17 NVIDIA CORP NVDA 67066G104 $36.0M 1.18% 157,595 SH
18 S&P 500 GR ISHR IVW 464287309 $34.8M 1.14% 244,735 SH
19 NORTH ULT-SH FIX INC — 665162467 $34.7M 1.14% 3,383,020 SH
20 LAM RESEARCH LRCX 512807306 $32.8M 1.08% 99,823 SH
21 AMAZON AMZN 023135106 $32.4M 1.07% 130,218 SH
22 LILLY ELI & CO, COM LLY 532457108 $31.9M 1.05% 27,529 SH
23 AMPHENOL CORPORATION APH 032095101 $30.0M 0.98% 355,339 SH
24 LILLY ELI & CO, COM LLY 532457108 $29.6M 0.97% 25,588 SH
25 PZENA EMERGING MKT — 00770X675 $28.6M 0.94% 1,676,875 SH
26 AGGREGATE BOND ISHR AGG 464287226 $28.6M 0.94% 302,272 SH
27 J P MORGAN CHASE JPM 46625H100 $27.8M 0.91% 83,971 SH
28 VANGUARD SHORT TERM BSV 921937702 $27.5M 0.90% 2,757,740 SH
29 JANUS ENTERPRISE — 47103C795 $26.9M 0.88% 184,155 SH
30 VANGUARD INTL GR ADM IPCIQ 921910501 $26.9M 0.88% 221,190 SH
31 S&P S/C 600 CR ISHR IJR 464287804 $26.1M 0.86% 191,509 SH
32 MFS MIDCAP VALUE R6 — 55273W475 $24.5M 0.80% 717,064 SH
33 VISA V 92826C839 $23.6M 0.78% 65,730 SH
34 AVANTIS US SMALL CAP AVUV 025072877 $23.3M 0.76% 197,485 SH
35 VANGUARD SMALLCAP AD — 922908686 $23.2M 0.76% 170,035 SH
36 VAN INTER-TERM BIV 921937819 $21.4M 0.70% 293,336 SH
37 FIRST MERCHANTS CORP FRME 320817109 $20.3M 0.67% 511,302 SH
38 S&P 500 VAL ISHR IVE 464287408 $19.7M 0.65% 86,470 SH
39 ISHARES TR CORE MSCI IEFA 46432F842 $19.3M 0.64% 199,661 SH
40 MORGAN STANLEY INTL MS 61756E461 $19.3M 0.64% 721,654 SH
41 VANGUARD TAX EXEMPT VTEI 922907878 $19.0M 0.62% 1,464,296 SH
42 META PLATFORMS INC META 30303M102 $18.0M 0.59% 24,817 SH
43 VANGUARD GRW IND ADM — 922908660 $17.7M 0.58% 63,659 SH
44 WCM FOCUSED EMRG MKT — 46141P834 $16.7M 0.55% 684,993 SH
45 STRYKER CORP SYK 863667101 $16.1M 0.53% 58,403 SH
46 WCM FOCUSED INTL GR IPCIQ 461418444 $15.3M 0.50% 556,684 SH
47 VANGUARD TOTAL BOND BND 921937603 $15.1M 0.50% 1,639,722 SH
48 ABBVIE ABBV 00287Y109 $14.9M 0.49% 56,891 SH
49 WAL MART STORES INC WMT 931142103 $14.5M 0.48% 139,244 SH
50 TECHNOLOGY SEL ISH XLK 81369Y803 $13.3M 0.44% 67,691 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-15 $3.05B 497 0000712534-26-000071
2026-06-30 2026-07-15 $2.84B 500 0000712534-26-000053
2026-03-31 2026-04-16 $2.63B 501 0000712534-26-000029
2025-12-31 2026-01-12 $2.70B 513 0000712534-26-000005
Filer Information
Address
200 E JACKSON ST
PO BOX 792
MUNCIE, IN 47308-0792
Phone
(765) 747-1500
Filing Manager
FIRST MERCHANTS CORP
Muncie, IN
Signatory
Heather Roche
Private Wealth Operations, Asst Manager