FIRST MERCHANTS CORP
$2.8B in tracked AUM across 500 positions as of 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.
Quarter at a glance — Q2 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q2 2026.