Advisory Research’s First Merchants FRME Stock Holding History

Advisory Research’s Portfolio FRME Stock Details FRME Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$2.85M	Sell	65,315 -2,319	-3%	-$94.2K	0.28%	65
2026 Q1	$2.62M	Sell	67,634 -805	-1%	-$31.4K	0.32%	61
2025 Q4	$2.57M	Sell	68,439 -3,909	-5%	-$145K	0.32%	61
2025 Q3	$2.73M	Sell	72,348 -3,090	-4%	-$123K	0.36%	60
2025 Q2	$2.89M	Sell	75,438 -3,870	-5%	-$143K	0.44%	50
2025 Q1	$3.21M	Sell	79,308 -207	-0.3%	-$8.62K	0.57%	42
2024 Q4	$3.17M	Sell	79,515 -135	-0.2%	-$5.46K	0.53%	45
2024 Q3	$2.96M	Buy	79,650 +28,050	+54%	+$1.04M	0.53%	50
2024 Q2	$1.72M	Buy	51,600 +5	+0%	+$167	0.32%	76
2024 Q1	$1.8M	Buy	51,595 +5,420	+12%	+$186K	0.36%	70
2023 Q4	$1.71M	Sell	46,175 -9,465	-17%	-$293K	0.26%	99
2023 Q3	$1.55M	Sell	55,640 -195	-0.3%	-$5.84K	0.21%	133
2023 Q2	$1.58M	Buy	55,835 +2,775	+5%	+$78.7K	0.2%	147
2023 Q1	$1.75M	Sell	53,060 -1,200	-2%	-$47.5K	0.29%	84
2022 Q4	$2.23M	Sell	54,260 -2,919	-5%	-$123K	0.21%	75
2022 Q3	$2.21M	Sell	57,179 -500	-0.9%	-$19.8K	0.22%	79
2022 Q2	$2.06M	Buy	57,679 +5,495	+11%	+$216K	0.2%	84
2022 Q1	$2.17M	Buy	52,184 +7,795	+18%	+$338K	0.17%	93
2021 Q4	$1.86M	Sell	44,389 -145,635	-77%	-$6.1M	0.15%	127
2021 Q3	$7.95M	Sell	190,024 -16,975	-8%	-$690K	0.51%	58
2021 Q2	$8.63M	Sell	206,999 -17,295	-8%	-$789K	0.57%	56
2021 Q1	$10.4M	Sell	224,294 -6,361	-3%	-$274K	0.73%	47
2020 Q4	$8.63M	Buy	+230,655	New	+$7.16M	0.63%	59

Other funds holding FRME

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $27.7B AUM 52.44% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Nuveen Charlotte, North Carolina $419B AUM 43.02% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $178B AUM 37.23% 1-Year Est. Return

SFM

Systematic Financial Management Teaneck, New Jersey $5.02B AUM 66.06% 1-Year Est. Return

Advisory Research's FRME Position: Q2 2026 in Review

Advisory Research reduced its First Merchants (FRME) stake by 3.4% in Q2 2026, selling an estimated $94.2K and leaving 65,315 shares worth $2.85M. The position accounts for 0.28% of the portfolio, ranked #65.

Advisory Research first reported a position in FRME in Q4 2020 and has held it in 23 quarters since. The position peaked at $10.4M in Q1 2021. 308 funds tracked by Wall St. Rank hold FRME as of Q2 2026.

Advisory Research held 65,315 shares of First Merchants worth $2.85M as of Q2 2026.
Advisory Research sold 2,319 First Merchants shares in Q2 2026, an estimated $94.2K.
First Merchants made up 0.28% of Advisory Research's portfolio in Q2 2026, its #65 holding.
Advisory Research first reported a position in First Merchants in Q4 2020 and has held it in 23 quarters since.
Advisory Research's First Merchants position peaked at $10.4M in Q1 2021.
308 funds tracked by Wall St. Rank held First Merchants as of Q2 2026.

Based on Advisory Research's 13F filing for Q2 2026, filed 13 Aug 2026.