# FIRST MERCHANTS CORP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 712534. Source: https://holderbook.com/funds/712534-first-merchants-corp/

- Reported value: $2.8B
- Positions: 361
- Weight of the ten largest: 31.3%
- Filed: 2026-07-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| FMPW INST MONEY | - | $176.3M | 176,320,761 | 6.2% | 9 |
| VANGUARD 500 INDEX ADMIRAL | - | $143.4M | 207,295 | 5.1% | 9 |
| FED SH INTRM TTL BD | - | $100.2M | 9,932,066 | 3.5% | 9 |
| FED TTL RET BD CL R6 | - | $94.4M | 9,998,596 | 3.3% | 9 |
| VANGUARD INDEX FDS | - | $68.9M | 172,525 | 2.4% | 9 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $67.9M | 871,815 | 2.4% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $64.0M | 179,199 | 2.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $60.5M | 50,428 | 2.1% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $56.9M | 196,715 | 2.0% | 31 |
| SCHWAB FDMTL INTL LC | - | $56.2M | 3,456,822 | 2.0% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $49.9M | 132,080 | 1.8% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $44.3M | 102,322 | 1.6% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $43.0M | 62,651 | 1.5% | 31 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $40.8M | 161,871 | 1.4% | 28 |
| FIDELITY CONTRAFUND | - | $40.4M | 1,506,313 | 1.4% | 9 |
| VANGUARD FENWAY FDS | - | $40.2M | 404,317 | 1.4% | 9 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $39.6M | 331,585 | 1.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $38.3M | 102,598 | 1.3% | 31 |
| Northern Ultra-Short Fixed Income Fund | - | $35.4M | 3,436,981 | 1.2% | 9 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $35.3M | 256,893 | 1.2% | 28 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $32.8M | 186,124 | 1.2% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $32.6M | 162,711 | 1.1% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $32.2M | 135,019 | 1.1% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $30.5M | 205,687 | 1.1% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $30.2M | 305,537 | 1.1% | 28 |
| JANUS ENTERPRISE | - | $30.2M | 193,093 | 1.1% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $28.4M | 86,914 | 1.0% | 31 |
| VANGUARD S/T BOND INDEX FD  ADMIRAL SHARES | - | $28.0M | 2,752,018 | 1.0% | 9 |
| PZENA EMERGING MKT | - | $27.9M | 1,694,299 | 1.0% | 9 |
| VANGUARD INTERNATIONAL GROWTH ADM | - | $27.8M | 230,179 | 1.0% | 9 |
| VANGUARD SMALL CAP INDEX ADM | - | $26.6M | 183,136 | 0.9% | 9 |
| MFS MIDCAP VALUE R6 | - | $26.5M | 750,930 | 0.9% | 9 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $24.7M | 197,882 | 0.9% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $23.7M | 69,102 | 0.8% | 31 |
| FIRST MERCHANTS CORP | [FRME](https://holderbook.com/stocks/FRME/) | $22.8M | 521,994 | 0.8% | 31 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $22.4M | 291,886 | 0.8% | 31 |
| VANGUARD INTERMEDIATE TERM TAX EXEMPT FUND ADMIRAL SHARES N/L | - | $22.3M | 1,612,598 | 0.8% | 9 |
| MORGAN STANLEY INTL | - | $20.8M | 730,548 | 0.7% | 9 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $20.2M | 89,149 | 0.7% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $19.3M | 61,244 | 0.7% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $18.8M | 194,223 | 0.7% | 12 |
| WCM FOCUSED EMERGING MARKETS FD INSTL | - | $17.9M | 724,280 | 0.6% | 9 |
| VANGUARD INDEX FDS | - | $17.6M | 66,054 | 0.6% | 9 |
| WCM FOCUSED INTERNATIONA | - | $17.6M | 610,123 | 0.6% | 9 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $16.7M | 147,461 | 0.6% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $15.5M | 102,602 | 0.5% | 31 |
| VANGUARD TOTAL BOND MKT INDEX #584-ADM SH | - | $15.4M | 1,591,509 | 0.5% | 9 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $15.0M | 97,710 | 0.5% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $14.9M | 59,133 | 0.5% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $14.0M | 40,984 | 0.5% | 31 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $13.9M | 118,600 | 0.5% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $13.7M | 61,948 | 0.5% | 31 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $13.5M | 91,589 | 0.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $13.3M | 14,203 | 0.5% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $13.0M | 68,432 | 0.5% | 31 |
| VANGUARD LIMITED TERM TAX EXEMPT ADMIRAL SHS | - | $12.8M | 1,167,075 | 0.5% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $12.7M | 17,007 | 0.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $12.6M | 49,522 | 0.4% | 31 |
| DODGE & COX INCOME FUND N/L | - | $12.5M | 985,294 | 0.4% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $12.4M | 21,992 | 0.4% | 10 |
| VANGUARD SHORT TERM INVESTMENT GRADE FD ADMIRAL SHARES N/L | - | $12.0M | 1,156,137 | 0.4% | 9 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $11.6M | 231,733 | 0.4% | 28 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $11.5M | 124,909 | 0.4% | 26 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $11.0M | 10,324 | 0.4% | 31 |
| VANGUARD INDEX FDS | - | $10.9M | 128,381 | 0.4% | 9 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $10.9M | 74,084 | 0.4% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $10.7M | 11,162 | 0.4% | 7 |
| FRANKLIN ELECTRIC | - | $10.7M | 100,000 | 0.4% | 8 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $10.5M | 14,657 | 0.4% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $10.3M | 97,100 | 0.4% | 4 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $10.3M | 102,484 | 0.4% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $10.2M | 34,381 | 0.4% | 31 |
| GRANT COUNTY STATE | - | $10.2M | 8,340 | 0.4% | 9 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $10.2M | 41,958 | 0.4% | 12 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $10.0M | 68,631 | 0.4% | 28 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $10.0M | 14,160 | 0.4% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $9.9M | 19,159 | 0.4% | 14 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $9.9M | 107,396 | 0.3% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $9.5M | 19,981 | 0.3% | 9 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $9.1M | 57,124 | 0.3% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $8.7M | 105,622 | 0.3% | 22 |
| NORTHERN MIDCAP | - | $8.5M | 348,141 | 0.3% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $8.4M | 23,754 | 0.3% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $7.9M | 19,391 | 0.3% | 22 |
| VANGUARD HIGH DIVIDEND YIELD INDEX FUND ADMIRAL SHRS N/L | - | $7.8M | 163,933 | 0.3% | 9 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $7.5M | 68,099 | 0.3% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $7.5M | 63,695 | 0.3% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $7.3M | 53,481 | 0.3% | 31 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $7.3M | 56,343 | 0.3% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $7.3M | 38,495 | 0.3% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.2M | 14,398 | 0.3% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $6.9M | 25,673 | 0.2% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $6.8M | 50,424 | 0.2% | 31 |
| Vanguard World Fds | - | $6.7M | 13,773 | 0.2% | 9 |
| ROWE T PRICE DIVID GROWTH FD | - | $6.7M | 75,869 | 0.2% | 9 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $6.5M | 55,746 | 0.2% | 31 |
| BAE Systems PLC | [BAESY](https://holderbook.com/stocks/BAESY/) | $6.5M | 66,726 | 0.2% | 6 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $6.3M | 199,885 | 0.2% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $6.3M | 33,263 | 0.2% | 31 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $6.2M | 37,494 | 0.2% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.9% | +14.8% | -3.0% | 72% |
| Q1 2026 | -2.4% | -4.6% | +2.3% | 77% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 75% |
| Q3 2025 | +6.3% | +7.8% | -1.5% | 70% |
| Q2 2025 | +8.1% | +10.5% | -2.3% | 69% |
| Q1 2025 | -3.0% | -4.6% | +1.5% | 73% |
| Q4 2024 | +0.0% | +2.1% | -2.1% | 72% |
| Q3 2024 | +5.5% | +5.4% | +0.0% | 71% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.8B | 361 |
| Q1 2026 | $2.6B | 357 |
| Q4 2025 | $2.7B | 368 |
| Q3 2025 | $2.7B | 371 |
| Q2 2025 | $2.6B | 369 |
| Q1 2025 | $2.5B | 379 |
| Q4 2024 | $2.6B | 404 |
| Q3 2024 | $2.6B | 404 |
| Q2 2024 | $2.5B | 375 |
| Q1 2024 | $1.3B | 215 |
| Q4 2023 | $1.2B | 211 |
| Q3 2023 | $1.1B | 204 |