State of Wisconsin Investment Board
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State of Wisconsin Investment Board’s First Merchants FRME Stock Holding History

State of Wisconsin Investment Board’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
Q1 		$236K Buy
+6,090
New +$238K ﹤0.01% 2304
2025
Q4 		– Sell
-5,806
Closed -$219K – 2448
2025
Q3 		$219K Buy
5,806
+358
+7% +$14.3K ﹤0.01% 2228
2025
Q2 		$209K Sell
5,448
-654
-11% -$24.2K ﹤0.01% 2184
2025
Q1 		$247K Buy
6,102
+508
+9% +$21.2K ﹤0.01% 2048
2024
Q4 		$223K Buy
+5,594
New +$226K ﹤0.01% 2116
2024
Q3 		– Sell
-6,050
Closed -$201K – 2312
2024
Q2 		$201K Buy
+6,050
New +$202K ﹤0.01% 2157
2024
Q1 		– Sell
-13,265
Closed -$492K – 2295
2023
Q4 		$492K Buy
13,265
+3,631
+38% +$112K ﹤0.01% 1755
2023
Q3 		$268K Buy
+9,634
New +$289K ﹤0.01% 2114
2023
Q2 		– Sell
-10,502
Closed -$346K – 2407
2023
Q1 		$346K Buy
10,502
+3,087
+42% +$122K ﹤0.01% 2024
2022
Q4 		$305K Sell
7,415
-3,667
-33% -$155K ﹤0.01% 2093
2022
Q3 		$429K Sell
11,082
-3,770
-25% -$150K ﹤0.01% 2050
2022
Q2 		$529K Buy
+14,852
New +$585K ﹤0.01% 2050

Other funds holding FRME

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
EARNEST Partners
EARNEST Partners Atlanta, Georgia $24.3B AUM 34.41% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
N
Nuveen Charlotte, North Carolina $369B AUM 31.66% 1-Year Est. Return
Wellington Management Group
Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

State of Wisconsin Investment Board's FRME Position: Q1 2026 in Review

State of Wisconsin Investment Board opened a new position in First Merchants (FRME) in Q1 2026: 6,090 shares worth $236K. The stake represents ﹤0.01% of the portfolio and ranks #2304 among its holdings. This is a return to the name: State of Wisconsin Investment Board previously reported a position in FRME as recently as Q3 2025.

State of Wisconsin Investment Board first reported a position in FRME in Q2 2022 and has held it in 12 quarters since. The position peaked at $529K in Q2 2022. 299 funds tracked by Wall St. Rank hold FRME as of Q1 2026.

  • State of Wisconsin Investment Board held 6,090 shares of First Merchants worth $236K as of Q1 2026.
  • First Merchants was a new State of Wisconsin Investment Board position in Q1 2026.
  • First Merchants made up ﹤0.01% of State of Wisconsin Investment Board's portfolio in Q1 2026, its #2304 holding.
  • State of Wisconsin Investment Board first reported a position in First Merchants in Q2 2022 and has held it in 12 quarters since.
  • State of Wisconsin Investment Board's First Merchants position peaked at $529K in Q2 2022.
  • 299 funds tracked by Wall St. Rank held First Merchants as of Q1 2026.

Based on State of Wisconsin Investment Board's 13F filing for Q1 2026, filed 15 May 2026.