FIRST MERCHANTS CORP

CIK: 0000712534SEC EDGAR →

Portfolio Value

$2.7T

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

Quarterly Changes

Top Buys

FMPW INST MONEYNEW

$207.9B

VFIAXNEW

$135.0B

FTRLXNEW

$92.1B

SRBRXNEW

$91.4B

VIMAXNEW

$65.1B

Top Sells

No sells this quarter

New Positions (370)

FMPW INST MONEY

$207.9B · 207.9M shares

VFIAX

$135.0B · 214K shares

$92.1B · 9.6M shares

$91.4B · 8.9M shares

$65.1B · 181K shares

$63.8B · 809K shares

$58.6B · 187K shares

$55.3B · 203K shares

$54.3B · 51K shares

$51.8B · 150K shares

$50.9B · 105K shares

$46.8B · 3.4M shares

$36.5B · 1.5M shares

$36.4B · 392K shares

$35.3B · 56K shares

$34.0B · 170K shares

$32.2B · 261K shares

$32.0B · 320K shares

$31.9B · 3.1M shares

$31.3B · 168K shares

$30.2B · 131K shares

$29.4B · 39K shares

$29.3B · 2.8M shares

$28.2B · 209K shares

$26.2B · 218K shares

$26.0B · 81K shares

$25.9B · 181K shares

$24.7B · 200K shares

$23.6B · 138K shares

$22.9B · 294K shares

$22.5B · 197K shares

$21.6B · 62K shares

$21.2B · 679K shares

$20.0B · 535K shares

$19.8B · 56K shares

$19.7B · 177K shares

$19.2B · 1.3M shares

$18.4B · 87K shares

$18.1B · 72K shares

$17.9B · 175K shares

$17.4B · 1.3M shares

$17.2B · 619K shares

$16.2B · 105K shares

$16.1B · 1.7M shares

$15.9B · 639K shares

$15.3B · 64K shares

$14.8B · 166K shares

$14.5B · 17K shares

$14.3B · 1.1M shares

$14.2B · 21K shares

$13.5B · 43K shares

$13.4B · 65K shares

$13.3B · 1.3M shares

$12.9B · 56K shares

$12.8B · 19K shares

$12.7B · 656K shares

$12.6B · 95K shares

$12.2B · 243K shares

$12.1B · 11K shares

$12.0B · 124K shares

$12.0B · 120K shares

$11.9B · 44K shares

$11.4B · 45K shares

$10.9B · 146K shares

$10.6B · 68K shares

$9.9B · 69K shares

$9.9B · 51K shares

$9.6B · 105K shares

$9.6B · 100K shares

$9.4B · 69K shares

$9.4B · 65K shares

$9.4B · 16K shares

GRANT COUNTY STATE

$9.1B · 9K shares

AZN

$9.0B · 97K shares

VMLUX

$8.9B · 807K shares

SPGI

$8.7B · 17K shares

$8.5B · 25K shares

$8.2B · 19K shares

$8.2B · 395K shares

$8.1B · 88K shares

$7.9B · 38K shares

$7.8B · 34K shares

$7.5B · 95K shares

$7.5B · 25K shares

$7.5B · 94K shares

$7.5B · 15K shares

$7.4B · 51K shares

$7.3B · 170K shares

$7.2B · 91K shares

$7.2B · 39K shares

$7.2B · 14K shares

$7.1B · 7.1M shares

$7.0B · 46K shares

$6.8B · 57K shares

$6.7B · 82K shares

$6.7B · 39K shares

$6.6B · 68K shares

$6.5B · 54K shares

$6.4B · 16K shares

$6.2B · 68K shares

$6.2B · 80K shares

$6.2B · 59K shares

$6.2B · 17K shares

$6.1B · 11K shares

$5.8B · 106K shares

$5.8B · 86K shares

$5.8B · 210K shares

$5.7B · 22K shares

$5.7B · 19K shares

$5.6B · 631K shares

$5.5B · 19K shares

$5.5B · 47K shares

$5.5B · 72K shares

$5.5B · 39K shares

$5.5B · 36K shares

$5.5B · 44K shares

$5.4B · 11K shares

$5.3B · 80K shares

$5.1B · 131K shares

$5.1B · 40K shares

$5.0B · 17K shares

$4.9B · 10K shares

$4.7B · 18K shares

XLB

$4.6B · 102K shares

CDM ASSOC LLC

$4.6B · 40 shares

$4.6B · 113K shares

$4.4B · 438K shares

$4.3B · 46K shares

$4.0B · 76K shares

$3.9B · 34K shares

$3.8B · 24K shares

$3.6B · 227K shares

$3.6B · 219K shares

$3.5B · 14K shares

$3.4B · 41K shares

$3.3B · 337K shares

$3.3B · 74K shares

$3.3B · 10K shares

$3.1B · 10K shares

QUICKSILVER ENT LLC

$3.1B · 100 shares

$3.1B · 60K shares

$3.0B · 19K shares

$3.0B · 14K shares

$3.0B · 30K shares

$3.0B · 18K shares

$2.8B · 66K shares

$2.8B · 12K shares

$2.6B · 250K shares

$2.6B · 24K shares

$2.3B · 77K shares

$2.3B · 3K shares

$2.3B · 3 shares

$2.3B · 16K shares

$2.2B · 216K shares

$2.2B · 75K shares

$2.1B · 19K shares

$2.1B · 15K shares

$2.1B · 21K shares

$2.0B · 102K shares

$2.0B · 11K shares

$2.0B · 10K shares

$2.0B · 189K shares

$2.0B · 16K shares

SETTLEMENT AGREEMENT

$2.0B · 2.0M shares

EEM

$2.0B · 36K shares

DFCEX

$2.0B · 67K shares

CASY

$1.9B · 3K shares

$1.8B · 4K shares

VHCIX

$1.8B · 13K shares

ADBE

$1.8B · 5K shares

VLO

$1.7B · 11K shares

$1.7B · 24K shares

$1.7B · 19K shares

$1.7B · 25K shares

$1.7B · 9K shares

$1.7B · 96K shares

$1.6B · 8K shares

$1.6B · 17K shares

$1.5B · 12K shares

$1.5B · 29K shares

$1.4B · 21K shares

$1.4B · 35K shares

$1.4B · 11K shares

$1.4B · 147K shares

BEAMAN FAMILY FARMS

$1.3B · 1 shares

$1.3B · 14K shares

$1.3B · 20K shares

$1.3B · 14K shares

$1.3B · 10K shares

MLC PROPERTIES LLC

$1.2B · 1 shares

$1.2B · 15K shares

$1.2B · 7K shares

$1.2B · 7K shares

$1.2B · 2K shares

SETTLEMENT AGREEMENT

$1.1B · 1.1M shares

VEXAX

$1.1B · 7K shares

$1.1B · 19K shares

BABA

$1.1B · 48 shares

$1.1B · 2K shares

UNP

$1.1B · 5K shares

BLACKBIRD FARMS

$1.1B · 48 shares

$1.1B · 6K shares

$1.1B · 20K shares

$1.0B · 90K shares

$1.0B · 16K shares

$1.0B · 10K shares

$982.0M · 21K shares

$918.0M · 12K shares

$892.0M · 2K shares

$871.0M · 21K shares

$868.0M · 14K shares

$861.0M · 10K shares

$859.0M · 17K shares

$854.0M · 27K shares

$840.0M · 2K shares

$832.0M · 4K shares

$811.0M · 13K shares

$811.0M · 13K shares

$806.0M · 30K shares

$801.0M · 8K shares

$789.0M · 10K shares

$772.0M · 5K shares

13600 SINGING HILLS TRAIL

$756.0M · 1 shares

$739.0M · 138 shares

$737.0M · 5K shares

$696.0M · 17K shares

$693.0M · 4K shares

$685.0M · 4K shares

$680.0M · 12K shares

$670.0M · 1K shares

$670.0M · 2K shares

$669.0M · 2K shares

$662.0M · 1K shares

$658.0M · 2K shares

$647.0M · 19K shares

$642.0M · 2K shares

$638.0M · 2K shares

$636.0M · 7K shares

MS V4.431 01/23/30 GMTN

$633.0M · 630K shares

$625.0M · 12K shares

$625.0M · 12K shares

$614.0M · 6K shares

$603.0M · 3K shares

$596.0M · 17K shares

$576.0M · 20K shares

$575.0M · 1K shares

$574.0M · 35K shares

AUNT DIANA FUDGE

$563.0M · 900 shares

$562.0M · 6K shares

$560.0M · 5K shares

$546.0M · 15K shares

$538.0M · 15K shares

$533.0M · 4K shares

$532.0M · 6K shares

VANGUARD BAL IND ADM

$524.0M · 10K shares

SYY

$522.0M · 7K shares

PFE

$522.0M · 21K shares

$518.0M · 590 shares

$518.0M · 2K shares

$515.0M · 35K shares

$505.0M · 51K shares

$498.0M · 2K shares

$495.0M · 564 shares

LINCOLN NATL LIFE

$492.0M · 1 shares

FDGRX

$484.0M · 10K shares

DUK

$484.0M · 4K shares

IR 5.314 06/15/31

$470.0M · 450K shares

CME

$465.0M · 2K shares

MTUM

$463.0M · 2K shares

MFS GROWTH FD CL I

$458.0M · 2K shares

$453.0M · 5K shares

$451.0M · 19K shares

$447.0M · 1K shares

$440.0M · 5K shares

$438.0M · 2K shares

$427.0M · 24K shares

$422.0M · 43K shares

$422.0M · 16K shares

$418.0M · 52K shares

$415.0M · 9K shares

$411.0M · 2K shares

$408.0M · 33K shares

$408.0M · 10K shares

$408.0M · 1K shares

$407.0M · 3K shares

$407.0M · 60K shares

RUDISILL CENTER RLTY

$403.0M · 250 shares

ROGERS MARKETS INC

$400.0M · 2K shares

VCMDX

$392.0M · 15K shares

$389.0M · 3K shares

$375.0M · 648 shares

$373.0M · 1K shares

$373.0M · 1K shares

$373.0M · 10K shares

$366.0M · 3K shares

$366.0M · 4K shares

$352.0M · 3K shares

$345.0M · 5K shares

$340.0M · 5K shares

$338.0M · 2K shares

$320.0M · 4K shares

COMMUNITY FINANCIAL CORP

$316.0M · 2K shares

OEF

$313.0M · 915 shares

$310.0M · 13K shares

$307.0M · 23K shares

$307.0M · 55K shares

$306.0M · 3K shares

$300.0M · 10K shares

$289.0M · 4K shares

$286.0M · 1K shares

$286.0M · 9K shares

$284.0M · 849 shares

$283.0M · 2K shares

$283.0M · 7K shares

12.565 OWNER INT

$282.0M · 2 shares

MPC

$276.0M · 2K shares

$276.0M · 877 shares

IYSIX

$272.0M · 12K shares

IYH

$270.0M · 4K shares

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

$269.0M · 311K shares

$269.0M · 18K shares

$263.0M · 2K shares

$259.0M · 3K shares

$258.0M · 22K shares

$256.0M · 1K shares

$246.0M · 1K shares

$245.0M · 525 shares

$241.0M · 62K shares

$233.0M · 11K shares

$232.0M · 233K shares

$231.0M · 1K shares

$230.0M · 2K shares

$230.0M · 3K shares

$226.0M · 700 shares

$222.0M · 4K shares

$222.0M · 500 shares

$220.0M · 4K shares

$218.0M · 708 shares

$213.0M · 2K shares

$213.0M · 3K shares

$208.0M · 18K shares

$206.0M · 1K shares

$204.0M · 10K shares

$203.0M · 60 shares

$202.0M · 416 shares

$198.0M · 21K shares

$163.0M · 13K shares

$161.0M · 15K shares

$150.0M · 15K shares

$100.0M · 100K shares

FMB CK A/C #1484931

$95.0M · 96K shares

RICHARD G HALSTEAD 4.77 DUE 12

$89.0M · 90K shares

MS 4.8 06/28/27 0001

$76.0M · 75K shares

KAUFX

$60.0M · 11K shares

PERSIMMONS INC

$50.0M · 30K shares

SPAXX

$15.0M · 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	$1.2T	45.4%
Financial Services	89	$653.4B	24.2%
Technology	28	$307.8B	11.4%
Healthcare	19	$132.8B	4.9%
Consumer Cyclical	15	$97.6B	3.6%
Communication Services	9	$84.2B	3.1%
Industrials	25	$80.0B	3.0%
Consumer Defensive	10	$56.6B	2.1%
Energy	10	$26.9B	1.0%
Basic Materials	6	$17.7B	0.7%
Utilities	5	$15.8B	0.6%
Real Estate	1	$366.0M	0.0%