FIRST MERCHANTS CORP

CIK: 0000712534SEC EDGAR →

Portfolio Value

$2.7B

Holdings

370

As of

Q4 2025

New Positions

370

Closed Positions

Portfolio Value History

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	— FMPW INST MONEY	207,888,916	$207.9M	7.70%
2	VFIAX VANGUARD 500 INDEX A	213,704	$135.0M	5.00%
3	FTRLX FED TTL RET BD CL R6	9,612,830	$92.1M	3.41%
4	SRBRX FED SH INTRM TTL BD	8,944,134	$91.4M	3.39%
5	VIMAX VANGUARD MID-CAP AD	181,144	$65.1M	2.41%
6	BSV VANGUARD SHORT TERM	809,313	$63.8M	2.36%
7	GOOGL ALPHABET CL A	187,225	$58.6M	2.17%
8	AAPL APPLE INC	203,478	$55.3M	2.05%
9	LLY LILLY ELI & CO, COM	50,505	$54.3M	2.01%
10	AVGO BROADCOM INC NPV	149,583	$51.8M	1.92%

Quarterly Changes

Top Buys

FMPW INST MONEYNEW

$207.9M

VFIAXNEW

$135.0M

FTRLXNEW

$92.1M

SRBRXNEW

$91.4M

VIMAXNEW

$65.1M

Top Sells

No sells this quarter

New Positions (370)

FMPW INST MONEY

$207.9M · 207.9M shares

VFIAX

$135.0M · 214K shares

$92.1M · 9.6M shares

$91.4M · 8.9M shares

$65.1M · 181K shares

$63.8M · 809K shares

$58.6M · 187K shares

$55.3M · 203K shares

$54.3M · 51K shares

$51.8M · 150K shares

$50.9M · 105K shares

$46.8M · 3.4M shares

$36.5M · 1.5M shares

$36.4M · 392K shares

$35.3M · 56K shares

$34.0M · 170K shares

$32.2M · 261K shares

$32.0M · 320K shares

$31.9M · 3.1M shares

$31.3M · 168K shares

$30.2M · 131K shares

$29.4M · 39K shares

$29.3M · 2.8M shares

$28.2M · 209K shares

$26.2M · 218K shares

$26.0M · 81K shares

$25.9M · 181K shares

$24.7M · 200K shares

$23.6M · 138K shares

$22.9M · 294K shares

$22.5M · 197K shares

$21.6M · 62K shares

$21.2M · 679K shares

$20.0M · 535K shares

$19.8M · 56K shares

$19.7M · 177K shares

$19.2M · 1.3M shares

$18.4M · 87K shares

$18.1M · 72K shares

$17.9M · 175K shares

$17.4M · 1.3M shares

$17.2M · 619K shares

$16.2M · 105K shares

$16.1M · 1.7M shares

$15.9M · 639K shares

$15.3M · 64K shares

$14.8M · 166K shares

$14.5M · 17K shares

$14.3M · 1.1M shares

$14.2M · 21K shares

$13.5M · 43K shares

$13.4M · 65K shares

$13.3M · 1.3M shares

$12.9M · 56K shares

$12.8M · 19K shares

$12.7M · 656K shares

$12.6M · 95K shares

$12.2M · 243K shares

$12.1M · 11K shares

$12.0M · 124K shares

$12.0M · 120K shares

$11.9M · 44K shares

$11.4M · 45K shares

$10.9M · 146K shares

$10.6M · 68K shares

$9.9M · 69K shares

$9.9M · 51K shares

$9.6M · 105K shares

$9.6M · 100K shares

$9.4M · 69K shares

$9.4M · 65K shares

$9.4M · 16K shares

GRANT COUNTY STATE

$9.1M · 9K shares

AZN

$9.0M · 97K shares

VMLUX

$8.9M · 807K shares

SPGI

$8.7M · 17K shares

$8.5M · 25K shares

$8.2M · 19K shares

$8.2M · 395K shares

$8.1M · 88K shares

$7.9M · 38K shares

$7.8M · 34K shares

$7.5M · 95K shares

$7.5M · 25K shares

$7.5M · 94K shares

$7.5M · 15K shares

$7.4M · 51K shares

$7.3M · 170K shares

$7.2M · 91K shares

$7.2M · 39K shares

$7.2M · 14K shares

$7.1M · 7.1M shares

$7.0M · 46K shares

$6.8M · 57K shares

$6.7M · 82K shares

$6.7M · 39K shares

$6.6M · 68K shares

$6.5M · 54K shares

$6.4M · 16K shares

$6.2M · 68K shares

$6.2M · 80K shares

$6.2M · 59K shares

$6.2M · 17K shares

$6.1M · 11K shares

$5.8M · 106K shares

$5.8M · 86K shares

$5.8M · 210K shares

$5.7M · 22K shares

$5.7M · 19K shares

$5.6M · 631K shares

$5.5M · 19K shares

$5.5M · 47K shares

$5.5M · 72K shares

$5.5M · 39K shares

$5.5M · 36K shares

$5.5M · 44K shares

$5.4M · 11K shares

$5.3M · 80K shares

$5.1M · 131K shares

$5.1M · 40K shares

$5.0M · 17K shares

$4.9M · 10K shares

$4.7M · 18K shares

XLB

$4.6M · 102K shares

CDM ASSOC LLC

$4.6M · 40 shares

$4.6M · 113K shares

$4.4M · 438K shares

$4.3M · 46K shares

$4.0M · 76K shares

$3.9M · 34K shares

$3.8M · 24K shares

$3.6M · 227K shares

$3.6M · 219K shares

$3.5M · 14K shares

$3.4M · 41K shares

$3.3M · 337K shares

$3.3M · 74K shares

$3.3M · 10K shares

$3.1M · 10K shares

QUICKSILVER ENT LLC

$3.1M · 100 shares

$3.1M · 60K shares

$3.0M · 19K shares

$3.0M · 14K shares

$3.0M · 30K shares

$3.0M · 18K shares

$2.8M · 66K shares

$2.8M · 12K shares

$2.6M · 250K shares

$2.6M · 24K shares

$2.3M · 77K shares

$2.3M · 3K shares

$2.3M · 3 shares

$2.3M · 16K shares

$2.2M · 216K shares

$2.2M · 75K shares

$2.1M · 19K shares

$2.1M · 15K shares

$2.1M · 21K shares

$2.0M · 102K shares

$2.0M · 11K shares

$2.0M · 10K shares

$2.0M · 189K shares

$2.0M · 16K shares

SETTLEMENT AGREEMENT

$2.0M · 2.0M shares

EEM

$2.0M · 36K shares

DFCEX

$2.0M · 67K shares

CASY

$1.9M · 3K shares

$1.8M · 4K shares

VHCIX

$1.8M · 13K shares

ADBE

$1.8M · 5K shares

VLO

$1.7M · 11K shares

$1.7M · 24K shares

$1.7M · 19K shares

$1.7M · 25K shares

$1.7M · 9K shares

$1.7M · 96K shares

$1.6M · 8K shares

$1.6M · 17K shares

$1.5M · 12K shares

$1.5M · 29K shares

$1.4M · 21K shares

$1.4M · 35K shares

$1.4M · 11K shares

$1.4M · 147K shares

BEAMAN FAMILY FARMS

$1.3M · 1 shares

$1.3M · 14K shares

$1.3M · 20K shares

$1.3M · 14K shares

$1.3M · 10K shares

MLC PROPERTIES LLC

$1.2M · 1 shares

$1.2M · 15K shares

$1.2M · 7K shares

$1.2M · 7K shares

$1.2M · 2K shares

SETTLEMENT AGREEMENT

$1.1M · 1.1M shares

VEXAX

$1.1M · 7K shares

$1.1M · 19K shares

BABA

$1.1M · 48 shares

$1.1M · 2K shares

UNP

$1.1M · 5K shares

BLACKBIRD FARMS

$1.1M · 48 shares

$1.1M · 6K shares

$1.1M · 20K shares

$1.0M · 90K shares

$1.0M · 16K shares

$1.0M · 10K shares

$982K · 21K shares

$918K · 12K shares

$892K · 2K shares

$871K · 21K shares

$868K · 14K shares

$861K · 10K shares

$859K · 17K shares

$854K · 27K shares

$840K · 2K shares

$832K · 4K shares

$811K · 13K shares

$811K · 13K shares

$806K · 30K shares

$801K · 8K shares

$789K · 10K shares

$772K · 5K shares

13600 SINGING HILLS TRAIL

$756K · 1 shares

$739K · 138 shares

$737K · 5K shares

$696K · 17K shares

$693K · 4K shares

$685K · 4K shares

$680K · 12K shares

$670K · 1K shares

$670K · 2K shares

$669K · 2K shares

$662K · 1K shares

$658K · 2K shares

$647K · 19K shares

$642K · 2K shares

$638K · 2K shares

$636K · 7K shares

MS V4.431 01/23/30 GMTN

$633K · 630K shares

$625K · 12K shares

$625K · 12K shares

$614K · 6K shares

$603K · 3K shares

$596K · 17K shares

$576K · 20K shares

$575K · 1K shares

$574K · 35K shares

AUNT DIANA FUDGE

$563K · 900 shares

$562K · 6K shares

$560K · 5K shares

$546K · 15K shares

$538K · 15K shares

$533K · 4K shares

$532K · 6K shares

VANGUARD BAL IND ADM

$524K · 10K shares

SYY

$522K · 7K shares

PFE

$522K · 21K shares

$518K · 590 shares

$518K · 2K shares

$515K · 35K shares

$505K · 51K shares

$498K · 2K shares

$495K · 564 shares

LINCOLN NATL LIFE

$492K · 1 shares

$484K · 10K shares

$484K · 4K shares

$470K · 450K shares

$465K · 2K shares

$463K · 2K shares

MFS GROWTH FD CL I

$458K · 2K shares

$453K · 5K shares

$451K · 19K shares

$447K · 1K shares

$440K · 5K shares

$438K · 2K shares

$427K · 24K shares

$422K · 43K shares

$422K · 16K shares

$418K · 52K shares

$415K · 9K shares

$411K · 2K shares

$408K · 33K shares

$408K · 10K shares

$408K · 1K shares

$407K · 3K shares

$407K · 60K shares

RUDISILL CENTER RLTY

$403K · 250 shares

ROGERS MARKETS INC

$400K · 2K shares

VCMDX

$392K · 15K shares

$389K · 3K shares

$375K · 648 shares

$373K · 1K shares

$373K · 1K shares

$373K · 10K shares

$366K · 3K shares

$366K · 4K shares

$352K · 3K shares

$345K · 5K shares

$340K · 5K shares

$338K · 2K shares

$320K · 4K shares

COMMUNITY FINANCIAL CORP

$316K · 2K shares

OEF

$313K · 915 shares

$310K · 13K shares

$307K · 23K shares

$307K · 55K shares

$306K · 3K shares

$300K · 10K shares

$289K · 4K shares

$286K · 9K shares

$286K · 1K shares

$284K · 849 shares

$283K · 7K shares

$283K · 2K shares

12.565 OWNER INT

$282K · 2 shares

MPC

$276K · 2K shares

$276K · 877 shares

IYSIX

$272K · 12K shares

IYH

$270K · 4K shares

L RYAN PN DTD 12-1-25 6.5 $310

$269K · 311K shares

$269K · 18K shares

$263K · 2K shares

$259K · 3K shares

$258K · 22K shares

$256K · 1K shares

$246K · 1K shares

$245K · 525 shares

$241K · 62K shares

$233K · 11K shares

$232K · 233K shares

$231K · 1K shares

$230K · 2K shares

$230K · 3K shares

$226K · 700 shares

$222K · 4K shares

$222K · 500 shares

$220K · 4K shares

$218K · 708 shares

$213K · 2K shares

$213K · 3K shares

$208K · 18K shares

$206K · 1K shares

$204K · 10K shares

$203K · 60 shares

$202K · 416 shares

$198K · 21K shares

$163K · 13K shares

$161K · 15K shares

$150K · 15K shares

$100K · 100K shares

FMB CK A/C #1484931

$95K · 96K shares

RICHARD G HALSTEAD 4.77 DUE 12

$89K · 90K shares

MS 4.8 06/28/27 0001

$76K · 75K shares

KAUFX

$60K · 11K shares

PERSIMMONS INC

$50K · 30K shares

SPAXX

$15K · 16K shares

FMB LOC 5478936

$0 · 500K shares

FMB LOC #5306272

$0 · 800K shares

LOC #3243385

$0 · 3.8M shares

ABI FMB CL 3543986

$0 · 6.0M shares

ABI FM CL 1228820100

$0 · 1.0M shares

DEL LIFE REGATTA

$0 · 351K shares

ABI LN #3448746

$0 · 50K shares

FMB LOC 5814715

$0 · 500K shares

ABI FMB LN #5463327

$0 · 39K shares

LOC5299934

$0 · 395K shares

ABI FMB LOC 5831458

$0 · 600K shares

A/B/I-LOC#5299624

$0 · 1.0M shares

ASSIGN. OF BEN. INT.

$0 · 100K shares

ABI FMB LOC #5471834

$0 · 405K shares

Sector Breakdown

Sector	# Holdings	Value	%
Unknown	153	$1.2B	45.4%
Financial Services	89	$653.4M	24.2%
Technology	28	$307.8M	11.4%
Healthcare	19	$132.8M	4.9%
Consumer Cyclical	15	$97.6M	3.6%
Communication Services	9	$84.2M	3.1%
Industrials	25	$80.0M	3.0%
Consumer Defensive	10	$56.6M	2.1%
Energy	10	$26.9M	1.0%
Basic Materials	6	$17.7M	0.7%
Utilities	5	$15.8M	0.6%
Real Estate	1	$366K	0.0%