SEC 13F Intelligence

Managers / Q2 2025 · view latest →

FIRST MERCHANTS CORP

CIK 0000712534 · 200 E JACKSON ST, PO BOX 792, MUNCIE, IN, 47308-0792 · 7657471500

Reported Value
$2.6B
Q2 2025
Positions
518
Filings on Record
27
2019–present window
Filed
Jul 23, 2025
original filing

Summary

First Merchants Corp reported $2.6B in U.S.-listed holdings across 518 positions for Q2 2025.

Its largest position, Fmpw Inst Money, represents 8.4% of the portfolio.

Compared with Q1 2025, the fund opened 8 new positions and exited 18.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+30.6%
share of reported value
Largest Position
+8.4%
Fmpw Inst Money
New / Exited
8 / 18
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q3 ’19: $941MQ3 ’19Q4 ’19: $977MQ1 ’20: $773MQ2 ’20: $1.2BQ3 ’20: $1.3BQ3 ’20Q4 ’20: $1.5BQ1 ’21: $1.5BQ2 ’21: $1.5BQ3 ’21: $1.6BQ3 ’21Q4 ’21: $1.3BQ1 ’22: $1.2BQ2 ’22: $1.0BQ3 ’22: $999MQ3 ’22Q4 ’22: $1.1BQ1 ’23: $1.1BQ2 ’23: $1.2BQ3 ’23: $1.1BQ3 ’23Q4 ’23: $1.2BQ1 ’24: $1.3BQ2 ’24: $2.5BQ3 ’24: $2.6BQ3 ’24Q4 ’24: $2.6BQ1 ’25: $2.5BQ2 ’25: $2.6BQ3 ’25: $2.7BQ3 ’25Q4 ’25: $2.7BQ1 ’26: $2.6Bfilingsflow.com

Portfolio Composition

By security type
Open-End Fund: 34.2%Common Stock: 32.9%ETP: 20.0%Other: 12.2%ADR: 0.5%Other: 0.1%
  • Open-End Fund · 34.2% · $883M
  • Common Stock · 32.9% · $851M
  • ETP · 20.0% · $518M
  • Other · 12.2% · $317M
  • ADR · 0.5% · $14M
  • Other · 0.1% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
13600 SINGING HILLS TRAILNEW+11+$756,127$756,127
COFYXCOLUMBIA CONTRARIANNEW+7.1K7.1K+$275,247$275,247
INVESCO BAL RISK CMMDTY FUNDNEW+34.1K34.1K+$233,834$233,834
VG COMMDTY FUNDNEW+8.5K8.5K+$232,163$232,163
HUBBHUBBELL INCNEW+500500+$204,205$204,205
HCAHCA HOLDINGSNEW+525525+$201,128$201,128
JOHN HANCOCK II FLOATING RATE INEW+14.4K14.4K+$108,780$108,780
RICHARD G HALSTEAD 4.77 DUE 12NEW+92.7K92.7K+$92,717$92,717

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FMPW INST MONEYCash Equivalents8.40%$217M217.22M
2VFIAXVANGUARD 500 INDEX Ahistory →Mutual Funds4.58%$118M206.8K
3VANGUARD SHORT TERMEquities · Mutual Funds3.32%$86M3.51M
4FED TTL RET BD CL R6Mutual Funds3.18%$82M8.64M
5FED SH INTRM TTL BDMutual Funds2.98%$77M7.56M
6VANGUARD MID-CAP ADMutual Funds2.27%$59M169.0K
7MSFTMICROSOFT CORPhistory →Equities2.00%$52M104.0K
8AVGOBROADCOM INC NPVhistory →Equities1.85%$48M173.6K
9AAPLAPPLE INChistory →Equities1.67%$43M210.9K
10LLYLILLY ELI & CO, COMhistory →Equities1.51%$39M50.1K
11SCHWAB FDMTL INTL LCMutual Funds1.48%$38M3.06M
12FCNTXFIDELITY CONTRAFUNDhistory →Mutual Funds1.46%$38M1.62M
13VANGUARD EQUITYMutual Funds1.37%$35M380.2K
14GOOGLALPHABET CL Ahistory →Equities1.34%$35M196.6K
15AGGREGATE BOND ISHREquities1.24%$32M323.0K
16NUSFXNORTH ULT-SH FIX INChistory →Mutual Funds1.21%$31M3.03M
17TECH ISHARES ETFEquities1.17%$30M174.6K
18AMZNAMAZONhistory →Equities1.08%$28M127.5K
19S&P 500 GR ISHREquities1.07%$28M251.7K
20NVDANVIDIA CORPhistory →Equities1.04%$27M170.5K
21VG INFO TECH ETFEquities0.99%$26M38.6K
22APHAMPHENOL CORPORATIONhistory →Equities0.98%$25M257.0K
23JPMJ P MORGAN CHASEhistory →Equities0.95%$25M84.6K
24VANGUARD S&P 500 ETFEquities0.95%$25M43.2K
25VANGUARD SMALLCAP ADMutual Funds0.94%$24M214.1K
26S&P S/C 600 CR ISHREquities0.93%$24M220.7K
27SYKSTRYKER CORPhistory →Equities0.88%$23M57.3K
28FRANKLIN ELECTRICEquities0.87%$23M251.3K
29JMGRXJANUS ENTERPRISEhistory →Mutual Funds0.87%$23M153.1K
30VVISAhistory →Equities0.86%$22M62.4K
31VAN INTER-TERMEquities0.81%$21M271.3K
32FRMEFIRST MERCHANTS CORPhistory →Equities0.79%$20M535.1K
33S&P 500 VAL ISHREquities0.79%$20M103.9K
34VANGUARD INTL GR ADMMutual Funds0.76%$20M167.5K
35WCM FOCUSED INTL GRMutual Funds0.68%$18M645.7K
36MFS MIDCAP VALUE R6Mutual Funds0.67%$17M537.9K
37WMTWAL MART STORES INChistory →Equities0.67%$17M175.9K
38VANGUARD GRW IND ADMMutual Funds0.66%$17M75.3K
39COSTCOSTCO WHOLESALEhistory →Equities0.64%$17M16.7K
40VBTLXVANGUARD TOTAL BONDhistory →Mutual Funds0.62%$16M1.65M
41DODIXDODGE & COX INCOMEhistory →Mutual Funds0.59%$15M1.21M
42LRCXLAM RESEARCHhistory →Equities0.59%$15M155.4K
43VANGUARD S/T INV GRMutual Funds0.58%$15M1.43M
44MORGAN STANLEY INTLMutual Funds0.58%$15M529.6K
45VANGUARD TAX EXEMPTMutual Funds0.57%$15M1.10M
46LOWLOWE'S COMPANIEShistory →Equities0.56%$14M64.8K
47ADPAUTO DATA PROCESSINGhistory →Equities0.55%$14M45.8K
48S&P M/C 400 VAL ISHREquities0.54%$14M113.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.6B501Apr 16, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.7B513Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.7B523Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.6B518Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.5B514Apr 24, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.6B560Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.6B563Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.5B517Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.3B336Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B337Jan 25, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.1B331Oct 26, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.2B346Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.1B357Apr 25, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.1B374Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$999M372Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.0B370Jul 26, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.2B354Apr 26, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.3B357Jan 27, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.6B365Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.5B368Jul 26, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.5B372Apr 22, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.5B365Jan 28, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.3B391Oct 28, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.2B381Jul 23, 202013F-HRchanges · EDGAR ↗
Q1 2020$773M374Apr 23, 202013F-HRchanges · EDGAR ↗
Q4 2019$977M395Jan 30, 202013F-HRchanges · EDGAR ↗
Q3 2019$941M382Oct 24, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.