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First Merchants

281 hedge funds and large institutions have $1.64B invested in First Merchants in 2025 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 98 increasing their positions, 95 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 26

3% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 95

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% less funds holding

Funds holding: 282281 (-1)

0.77% less ownership

Funds ownership: 76.66%75.9% (-0.77%)

1% less capital invested

Capital invested by funds: $1.67B → $1.64B (-$23.6M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $1.39M

Holders
281
Holders Change
-1
Holders Change %
-0.35%
% of All Funds
3.42%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
32
Increased
98
Reduced
95
Closed
26
Calls
Puts
$1.39M
Net Calls
-$1.39M
Net Calls Change
-$1.39M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$224M -$3.51M -94,617 -2%
BlackRock
2
BlackRock
New York
$174M +$2.91M +78,494 +2%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$124M -$2.35M -63,365 -2%
EARNEST Partners
4
EARNEST Partners
Georgia
$86.6M -$5.02M -135,532 -6%
State Street
5
State Street
Massachusetts
$74M -$2.97M -80,151 -4%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$53.7M +$74.9K +2,023 +0.1%
Capital International Investors
7
Capital International Investors
California
$50.5M
N
8
Nuveen
North Carolina
$39.7M +$3.86M +104,260 +11%
Victory Capital Management
9
Victory Capital Management
Texas
$35.8M +$322K +8,699 +0.9%
Goldman Sachs
10
Goldman Sachs
New York
$34.8M -$461K -12,447 -1%
SFM
11
Systematic Financial Management
New Jersey
$29.2M +$603K +16,286 +2%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$28.6M +$3.57M +96,340 +14%
William Blair Investment Management
13
William Blair Investment Management
Illinois
$28.6M -$2.94M -79,270 -9%
First Trust Advisors
14
First Trust Advisors
Illinois
$26.8M +$3.45M +93,215 +15%
PCA
15
PL Capital Advisors
Florida
$25.7M
Charles Schwab
16
Charles Schwab
California
$25.6M -$159K -4,290 -0.6%
FCM
17
FJ Capital Management
Virginia
$23.7M +$12.6M +338,950 +115%
Qube Research & Technologies (QRT)
18
Qube Research & Technologies (QRT)
United Kingdom
$23.5M +$8.68M +234,351 +60%
JP Morgan Chase
19
JP Morgan Chase
New York
$22.7M -$3.19M -86,138 -12%
Northern Trust
20
Northern Trust
Illinois
$21.2M -$1.73M -46,615 -8%
Public Employees Retirement Association of Colorado
21
Public Employees Retirement Association of Colorado
Colorado
$20.5M
FMC
22
First Merchants Corp
Indiana
$20M -$186K -5,015 -0.9%
Manulife (Manufacturers Life Insurance)
23
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$16.4M -$502K -13,547 -3%
CVA
24
Ceredex Value Advisors
Florida
$15.5M +$2.67M +72,000 +21%
Raymond James Financial
25
Raymond James Financial
Florida
$15.4M -$1.48M -39,965 -9%