First Merchants Corp (FRME) Institutional Ownership

Ownership Summary

The institutional landscape for First Merchants Corp (NASDAQ:FRME) includes 281 filers as of the latest reporting cycle ending September 2025.

• These investors collectively held 76.5% of the company's total shares outstanding in September 2025, down from 76.7% in June 2025.
• On a quarter-over-quarter basis, institutional holdings shifted by 1.80%, with a year-over-year an increase of 16.12% in the count of filers.
• A review of institutional activity for First Merchants shows 138 of 281 filers increasing their positions, while 79 reduced their stake, and 64 remained unchanged.
• Collectively, institutional investors increased their stake in First Merchants to 44.23Mn shares as of September 2025, a change that is up by 782.18K shares quarter on quarter and up 1.20Mn shares year over year.
• As of September 30, 2025, VANGUARD GROUP INC held First Merchants's largest shareholding position with over 6.08Mn shares, representing 10.51% of total outstanding shares.
• Among the most significant buyers of First Merchants during September 2025 were Capital International Investors (527.54K), FJ Capital Management LLC (294.72K), HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC (230.19K), ProShare Advisors LLC (147.70K), MILLENNIUM MANAGEMENT LLC (144.83K).
• Leading sellers of First Merchants stock in September 2025 included AMERICAN CENTURY COMPANIES INC (538.70K), STRS OHIO (159.75K), FIRST TRUST ADVISORS LP (143.98K), EARNEST PARTNERS LLC (126.01K), Edgestream Partners, L.P. (112.54K).
• The top 10 institutional holders of First Merchants for the quarter ending September 2025 included VANGUARD GROUP INC (6.08Mn), BlackRock, Inc. (4.57Mn), DIMENSIONAL FUND ADVISORS LP (3.38Mn), EARNEST PARTNERS LLC (2.45Mn), STATE STREET CORP (2.06Mn), GEODE CAPITAL MANAGEMENT, LLC (1.43Mn), Capital International Investors (1.35Mn), Nuveen, LLC (953.99K), VICTORY CAPITAL MANAGEMENT INC (947.50K), GOLDMAN SACHS GROUP INC (941.69K).