First Merchants FRME Institutional Ownership

Updated Oct 11, 2026

First Merchants Corp (NASDAQ:FRME) counted 307 institutional investors among its 13F-reported shareholders for the quarter ended June 30, 2026.

• These investors held 74.89% of First Merchants' outstanding shares at the end of Q2 2026, up from 73.79% in Q1 2026.
• Total shares held in First Merchants rose 1.13% versus Q1 2026, while the number of holders rose 11.64% versus Q2 2025.
• Of these 307 holders, 162 added to their positions, 86 reduced their stakes and 59 left their positions unchanged.
• The aggregate institutional position in First Merchants was 46.65Mn shares at the end of Q2 2026, up 523.25K from the prior quarter and up 5.3Mn from a year earlier.
• As of June 30, 2026, the biggest holder of First Merchants was BlackRock, Inc. with 5.32Mn shares, or 8.55% of shares outstanding.
• Holders that added the most shares of First Merchants in Q2 2026 were BlackRock, Inc. (+425.37K shares), State Street Corp (+311.54K shares), Edgestream Partners, L.P. (+163.41K shares), AQR Capital Management LLC (+161.48K shares) and JPMorgan Chase & Co (+109.89K shares).
• On the other side, among holders that kept a position in First Merchants, the largest reductions in Q2 2026 came from Goldman Sachs Group Inc (-440.13K shares), Bank of New York Mellon Corp (-344.1K shares), Wellington Management Group LLP (-310.61K shares), William Blair Investment Management, LLC (-167.44K shares) and AllianceBernstein L.P. (-98.22K shares).
• According to Business Quant data, the leading holders of FRME for Q2 2026 were BlackRock, Inc. (5.32Mn shares), Dimensional Fund Advisors LP (3.69Mn shares), Vanguard Portfolio Management LLC (3.4Mn shares), Vanguard Capital Management LLC (2.72Mn shares), State Street Corp (2.55Mn shares), Earnest Partners LLC (2.17Mn shares), Geode Capital Management, LLC (1.67Mn shares), Nuveen, LLC (1.06Mn shares), Victory Capital Management Inc (1.04Mn shares) and Systematic Financial Management LP (850.4K shares).