First Merchants Ownership | Who Owns First Merchants?
First Merchants Ownership Summary
First Merchants is owned by 59.00% institutional investors, 1.52% insiders, and 39.48% retail investors. Northwestern mutual wealth management is the largest institutional shareholder, holding 26.27% of FRME shares. Vanguard US Total Market Shares ETF is the top mutual fund, with 2.87% of its assets in First Merchants shares.
FRME Ownership Benchmark
| Type | Name | % Inst | % Insiders | % Retail |
|---|---|---|---|---|
| Stock | First Merchants | 59.00% | 1.52% | 39.48% |
| Sector | Financial Services Stocks | 32.19% | 15.44% | 52.37% |
| Industry | Regional Banks Stocks | 31.54% | 12.70% | 55.76% |
Institutional Shareholders
Top Institutional Shareholders by Total Shares
| Holder | Shares | % Holding | Value |
|---|---|---|---|
| Northwestern mutual wealth management | 15.17M | 26.27% | $1.36B |
| Vanguard group | 5.98M | 10.37% | $224.28M |
| Blackrock | 4.83M | 8.18% | $160.84M |
| Blackrock funding, inc. /de | 4.64M | 8.04% | $174.05M |
| Dimensional fund advisors lp | 3.32M | 5.78% | $124.36M |
| Earnest partners | 2.31M | 4.02% | $86.59M |
| State street | 1.97M | 3.44% | $74.02B |
| Geode capital management | 1.43M | 2.48% | $53.67M |
| Capital investors | 1.35M | 2.33% | $50.46M |
| Nuveen | 1.06M | 1.83% | $39.66M |
Top Institutional Shareholders by % of Total Assets
| Holder | Shares | % Assets | Value |
|---|---|---|---|
| Pl capital advisors | 686.33K | 8.11% | $25.72M |
| Cardinal capital management llc /ct | 275.89K | 2.51% | $9.18M |
| John w. rosenthal capital management | 72.06K | 2.50% | $2.70M |
| Petiole usa | 94.05K | 2.45% | $3.55M |
| Mesirow institutional investment management | 477.01K | 1.46% | $19.03M |
| Phocas financial | 271.48K | 1.32% | $10.18M |
| Fj capital management | 294.72K | 1.19% | $11.11M |
| Mendon capital advisors | 75.00K | 1.08% | $2.83M |
| Northwestern mutual wealth management | 15.17M | 0.86% | $1.36B |
| Denali advisors | 205.20K | 0.85% | $7.69M |
Top Buyers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Northwestern mutual wealth management | 15.17M | 0.86% | 15.17M |
| Fj capital management | 294.72K | 1.19% | 294.72K |
| Hotchkis & wiley capital management | 321.55K | 0.04% | 230.19K |
| Mesirow institutional investment management | 477.01K | 1.46% | 197.78K |
| Norges bank | 181.76K | 0.00% | 181.76K |
Top Sellers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Cardinal capital management llc /ct | 275.89K | 2.51% | -1.07M |
| Boston partners | - | - | -721.50K |
| Principal financial group | 64.08K | 0.00% | -646.42K |
| American century companies | 588.72K | 0.01% | -538.70K |
| Schroder investment management group | - | - | -331.16K |
New Positions
| Holder | Shares | % Assets | Change | Value |
|---|---|---|---|---|
| Fj capital management | 294.72K | 1.19% | 294.72K | $11.11M |
| Norges bank | 181.76K | 0.00% | 181.76K | $7.25M |
| Versor investments lp | 50.00K | 0.29% | 50.00K | $1.87M |
| Susquehanna portfolio strategies | 35.01K | 0.02% | 35.01K | $1.32M |
| D. e. shaw | 28.87K | 0.00% | 28.87K | $961.22K |
Sold Out
| Holder | Change |
|---|---|
| Mather group, llc. | -2.00 |
| Newedge advisors | -2.00 |
| Twin peaks wealth advisors | -3.00 |
| Tfo-tdc | -3.00 |
| Claris advisors, llc / mo / | -4.00 |
Institutional Ownership Trends
| Date | Holdings | Change % | Shares | Change % | Ownership | Change % | Increased Position | Change % | Decreased Position | Change % |
|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 193 | -31.32% | 34,059,082 | -23.07% | 59 | 1.00% | 78 | -43.88% | 64 | -18.99% |
| Sep 30, 2025 | 191 | -28.73% | 32,658,912 | -23.36% | 56 | 1.03% | 84 | -33.33% | 56 | -32.53% |
| Jun 30, 2025 | 273 | 1.49% | 44,124,487 | -0.31% | 76 | 1.32% | 128 | 10.34% | 86 | -7.53% |
| Mar 31, 2025 | 264 | 5.60% | 44,020,844 | 1.22% | 75 | 1.35% | 114 | -11.63% | 91 | 18.18% |
| Dec 31, 2024 | 145 | -39.33% | 26,219,010 | -38.77% | 45 | 0.83% | 75 | -37.50% | 39 | -42.65% |
Top Mutual Funds Shareholders
| Holder | Shares | % Holding | Change |
|---|---|---|---|
| Vanguard US Total Market Shares ETF | 1.68M | 2.87% | -187.56K |
| Vanguard Total Stock Mkt Idx Inv | 1.78M | 2.80% | 59.30K |
| iShares Russell 2000 ETF | 1.51M | 2.38% | 278.03K |
| Vanguard Small Cap Index | 1.37M | 2.17% | 127.94K |
| American Funds SMALLCAP World A | 1.35M | 2.12% | - |
| Vanguard Small Cap Value Index Inv | 881.29K | 1.39% | 76.43K |
| Harbor Small Cap Value Instl | 859.38K | 1.36% | -45.09K |
| DFA US Small Cap Value I | 705.84K | 1.11% | -2.34K |
| First Trust RBA Amer Indl RenaisTM ETF | 589.09K | 1.01% | - |
| Vanguard Institutional Extnd Mkt Idx Tr | 624.56K | 0.99% | 59.00 |
Recent Insider Transactions
| Date | Name | Role | Activity | Value |
|---|---|---|---|---|
| Feb 26, 2026 | Myers Larry W | First Vice President | Sell | $207.50K |
| Feb 11, 2026 | FLUHLER STEPHAN | Chief Information Officer | Sell | $174.60K |
| Feb 06, 2026 | Scurlock Eva D. | Chief Risk Officer | Sell | $136.47K |
| Nov 04, 2025 | FLUHLER STEPHAN | Chief Information Officer | Sell | $202.24K |
| Dec 30, 2024 | Halderman Howard | - | Buy | $164.96 |
Insider Transactions Trends
| Date | Buy | Sell |
|---|---|---|
| 2026 Q1 | - | 3 |
| 2025 Q4 | - | 1 |
| 2025 Q3 | - | - |
| 2025 Q2 | - | - |
| 2025 Q1 | - | - |
FRME Ownership FAQ
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