DOSSIER · 13F-HR · Q2 2026

FIRST MERCHANTS CORP

$2.8B in tracked AUM across 500 positions as of Q2 2026.

FM
CIK 0000712534 · last filed Jun 30, 2026
Total AUM
$2.8B
as of Q2 2026
Holdings
500
positions
Whale Score
56
56
tracked
Activity
no data
changes this Q
AI Analysis · Q2 2026

First Merchants Corp's $2.84 billion, 500-position book — almost certainly a bank trust/wealth-management book, given it holds a $22.8 million stake in its own parent stock (FRME) — made one outsized move this quarter: Vanguard Information Technology ETF (VGT) share count rose from 39,254 to 331,585, a 745% increase representing a genuine $34.9 million addition, by far the largest flow in the portfolio. Costco, Johnson & Johnson, Lowe's, and the Dodge & Cox Income fund were fully exited, funding new stakes in Fortinet ($15.0 million), AbbVie ($14.9 million), Chubb ($14.0 million), and a WCM emerging-markets fund ($17.9 million). With 500 positions spanning individual stocks, Vanguard/Fidelity mutual funds, and sector ETFs, this reads as a diversified trust-department book making one concentrated tech-sector bet.

An eightfold jump in tech-sector exposure

The standout move this quarter is Vanguard Information Technology ETF (VGT): share count rose from 39,254 to 331,585, a 745% increase and a genuine $34.9 million addition — more than double the size of any other position change in the book. This dwarfs the portfolio's other technology exposure (Broadcom, Lam Research, individual mega-cap tech names) and reads as a deliberate, sector-level bet rather than incremental rebalancing.

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
100001999
FMPW INST MONEY
$176M176.3M6.2%
02
VFIAX
VANGUARD 500 INDEX A
$143M207K5.1%
03
SRBRX
FED SH INTRM TTL BD
$100M9.9M3.5%
04
FTRLX
FED TTL RET BD CL R6
$94M10.0M3.3%
05
VIMAX
VANGUARD MID-CAP AD
$69M173K2.4%
06
BSV
VANGUARD SHORT TERM
$68M872K2.4%
07
GOOGL
ALPHABET CL A
$64M179K2.3%
08
LLY
LILLY ELI & CO, COM
$60M50K2.1%
09
AAPL
APPLE INC
$57M197K2.0%
10
SFNNX
SCHWAB FDMTL INTL LC
$56M3.5M2.0%

Filing history

2026Q2Jun 30
$2.8B 8.0%
500 positionsView →
2026Q1Mar 31
$2.6B 2.6%
501 positionsView →
2025Q4Dec 31
$2.7B 1.8%
513 positionsView →
2025Q3Sep 30
$2.7B 2.6%
523 positionsView →
2025Q2Jun 30
$2.6B 3.1%
518 positionsLocked
2025Q1Mar 31
$2.5B 3.7%
514 positionsLocked
2024Q4Dec 31
$2.6B 0.6%
560 positionsLocked
2024Q3Sep 30
$2.6B 5.4%
563 positionsLocked
2024Q2Jun 30
$2.5B 86.9%
517 positionsLocked
2024Q1Mar 31
$1.3B 9.0%
336 positionsLocked
2023Q4Dec 31
$1.2B 8.8%
337 positionsLocked
2023Q3Sep 30
$1.1B 5.1%
331 positionsLocked
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