First Merchants FRME Institutional Ownership

Ownership Summary

First Merchants Corp (NASDAQ:FRME) showed up in the 13F filings of 293 institutional investors as of March 2026.

• Collectively, these holders controlled 587.5% of First Merchants's outstanding shares in March 2026, down from 849.4% in December 2025.
• Their total shares held in FRME decreased -11.12% from the prior quarter, while the number of investors in First Merchants increased 6.55% year over year.
• Of these 293 funds, 182 grew their exposure to First Merchants, 70 cut back, and 41 maintained positions.
• Institutional investors collectively held 45.9Mn shares in First Merchants as of March 2026, down by 5.74Mn shares quarter on quarter, and down 1.78Mn shares year over year.
• As of March 31, 2026, BlackRock, Inc. held the largest stake in First Merchants with 4.9Mn shares, accounting for 62.71% of total shares outstanding.
• Top purchasers of FRME stock for the quarter ending March 2026 included VANGUARD PORTFOLIO MANAGEMENT LLC (3.36Mn), VANGUARD CAPITAL MANAGEMENT LLC (2.73Mn), WELLINGTON MANAGEMENT GROUP LLP (907.86K), VANGUARD FIDUCIARY TRUST CO (399.12K), TWO SIGMA INVESTMENTS, LP (340.21K).
• The largest sales of FRME for the quarter ending March 2026 came from NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO (15.17Mn), Goldman Sachs Group Inc (721.3K), Phocas Financial Corp. (330.74K), Petiole USA ltd (94.05K), Jpmorgan Chase & Co (75.71K).
• Per Business Quant, the top 10 investors in FRME for the quarter ending March 2026 include BlackRock, Inc. (4.9Mn), DIMENSIONAL FUND ADVISORS LP (3.6Mn), VANGUARD PORTFOLIO MANAGEMENT LLC (3.36Mn), VANGUARD CAPITAL MANAGEMENT LLC (2.73Mn), EARNEST PARTNERS LLC (2.26Mn), State Street Corp (2.24Mn), GEODE CAPITAL MANAGEMENT, LLC (1.57Mn), Goldman Sachs Group Inc (1.14Mn), Nuveen, LLC (1.04Mn), WELLINGTON MANAGEMENT GROUP LLP (1.01Mn).