First Merchants Ownership | Who Owns First Merchants?
First Merchants Ownership Summary
First Merchants is owned by 56.80% institutional investors, 1.63% insiders, and 41.58% retail investors. Vanguard group is the largest institutional shareholder, holding 10.57% of FRME shares. Vanguard Total Stock Mkt Idx Inv is the top mutual fund, with 3.06% of its assets in First Merchants shares.
FRME Ownership Benchmark
| Type | Name | % Inst | % Insiders | % Retail |
|---|---|---|---|---|
| Stock | First Merchants | 56.80% | 1.63% | 41.58% |
| Sector | Financial Services Stocks | 36.95% | 15.48% | 47.58% |
| Industry | Regional Banks Stocks | 38.26% | 12.54% | 49.20% |
Institutional Shareholders
Top Institutional Shareholders by Total Shares
| Holder | Shares | % Holding | Value |
|---|---|---|---|
| Vanguard group | 6.08M | 10.57% | $229.16M |
| Blackrock | 4.83M | 8.18% | $160.84M |
| Blackrock funding, inc. /de | 4.57M | 7.94% | $172.11M |
| Dimensional fund advisors lp | 3.38M | 5.88% | $127.48M |
| Earnest partners | 2.45M | 4.25% | $92.21M |
| State street | 2.06M | 3.57% | $77.48M |
| Geode capital management | 1.43M | 2.49% | $53.91M |
| Capital investors | 1.35M | 2.34% | $50.76M |
| Nuveen | 953.99K | 1.66% | $35.97M |
| Victory capital management | 947.50K | 1.65% | $35.72M |
Top Institutional Shareholders by % of Total Assets
| Holder | Shares | % Assets | Value |
|---|---|---|---|
| Pl capital advisors | 686.33K | 8.59% | $25.87M |
| John w. rosenthal capital management | 72.06K | 2.61% | $2.72M |
| Cardinal capital management llc /ct | 275.89K | 2.51% | $9.18M |
| Petiole usa | 94.05K | 2.45% | $3.55M |
| Mesirow institutional investment management | 477.01K | 1.46% | $19.03M |
| Phocas financial | 272.13K | 1.33% | $10.26M |
| Fj capital management | 294.72K | 1.19% | $11.11M |
| Mendon capital advisors | 75.00K | 1.08% | $2.83M |
| Denali advisors | 180.60K | 0.77% | $6.81M |
| First merchants | 539.75K | 0.77% | $20.35M |
Top Buyers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Capital investors | 1.35M | 0.01% | 527.54K |
| 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 |
| American century companies | 588.72K | 0.01% | -538.70K |
| Schroder investment management group | - | - | -331.16K |
| Millennium management | 29.15K | 0.00% | -288.89K |
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 |
| Bridgeport financial solutions | 55.83K | 0.57% | 55.83K | $2.10M |
| 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 |
|---|---|
| Newedge advisors | -2.00 |
| Twin peaks wealth advisors | -3.00 |
| Tfo-tdc | -3.00 |
| Claris advisors, llc / mo / | -4.00 |
| Private trust co na | -5.00 |
Institutional Ownership Trends
| Date | Holdings | Change % | Shares | Change % | Ownership | Change % | Increased Position | Change % | Decreased Position | Change % |
|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Sep 30, 2024 | 239 | 5.29% | 42,823,670 | 0.40% | 73 | 1.41% | 120 | 4.35% | 68 | 1.49% |
Top Mutual Funds Shareholders
| Holder | Shares | % Holding | Change |
|---|---|---|---|
| Vanguard Total Stock Mkt Idx Inv | 1.77M | 3.06% | -52.31K |
| Vanguard US Total Market Shares ETF | 1.68M | 2.87% | -187.56K |
| iShares Russell 2000 ETF | 1.41M | 2.44% | - |
| Vanguard Small Cap Index | 1.34M | 2.33% | -9.04K |
| Harbor Small Cap Value Instl | 993.49K | 1.70% | -50.55K |
| Vanguard Small Cap Value Index Inv | 865.79K | 1.50% | 2.17K |
| American Funds SMALLCAP World A | 818.75K | 1.40% | - |
| DFA US Small Cap Value I | 790.30K | 1.37% | - |
| Vanguard Institutional Extnd Mkt Idx Tr | 624.08K | 1.08% | -274.62K |
| Fidelity Small Cap Index | 586.86K | 1.02% | -6.19K |
Recent Insider Transactions
| Date | Name | Role | Activity | Value |
|---|---|---|---|---|
| Nov 04, 2025 | FLUHLER STEPHAN | Chief Information Officer | Sell | $202.24K |
| Dec 30, 2024 | Halderman Howard | - | Buy | $164.96 |
| Dec 16, 2024 | Stewart Michael J | President | Sell | $316.96K |
| Nov 08, 2024 | Fehring Patrick J. | - | Sell | $1.14M |
| Aug 09, 2024 | HARDWICK MARK K | Chief Executive Officer | Sell | $475.92K |
Insider Transactions Trends
| Date | Buy | Sell |
|---|---|---|
| 2025 Q4 | - | 1 |
| 2025 Q3 | - | - |
| 2025 Q2 | - | - |
| 2025 Q1 | - | - |
| 2024 Q4 | 1 | 2 |
FRME Ownership FAQ
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