FRME
First Merchants Corporation · Financial Services · Banks - Regional
Momentum inputs (comparable managers):
holder breadth +30.0% ·
share flow -2.8% ·
net new positions +20.0%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 92 | -7 | 31.21M | $1.36B | +1 | −8 |
| Q1 2026 | 102 | +6 | 31.23M | $1.21B | +9 | −3 |
| Q4 2025 | 96 | +2 | 32.69M | $1.23B | +2 | — |
| Q3 2025 | 17 | -1 | 18.22M | $686.94M | +1 | −3 |
| Q2 2025 | 16 | 0 | 15.57M | $596.25M | +2 | −2 |
| Q1 2025 | 13 | +3 | 4.43M | $179.05M | +3 | — |
| Q4 2024 | 10 | +1 | 4.55M | $181.66M | +1 | — |
| Q3 2024 | 8 | -2 | 2.68M | $99.69M | — | −2 |
| Q2 2024 | 10 | — | 2.60M | $86.61M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 2.00M | -8.7% | $80.83M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 1.43M | +2.7% | $57.81M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 1.43M | +2.7% | $57.81M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 4 | Fisher Asset Management ✦ | 496.28K | -4.4% | $20.07M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 5 | AQR Capital Management ✦ | 118.65K | +19.5% | $4.80M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 6 | AQR Capital Management ✦ | 118.65K | +19.5% | $4.80M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 7 | AQR Capital Management ✦ | 118.65K | +19.5% | $4.80M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 8 | AQR Capital Management ✦ | 118.65K | +19.5% | $4.80M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 9 | Norges Bank ✦ (passive) | 101.52K | -44.1% | $4.11M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 10 | Citadel Advisors ✦ | 84.62K | +102.5% | $3.42M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 11 | Citadel Advisors ✦ | 84.62K | +102.5% | $3.42M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 12 | Wellington Management ✦ | 66.26K | New | $2.68M | 0.0% | New | 1 | SEC ↗ |
| 13 | Wellington Management ✦ | 66.26K | New | $2.68M | 0.0% | New | 1 | SEC ↗ |
| 14 | T. Rowe Price ✦ | 60.47K | +4.2% | $2.45M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 15 | Two Sigma Investments ✦ | 46.15K | +279.7% | $1.87M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 16 | Millennium Management ✦ | 9.81K | -66.4% | $396,555 | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 17 | Renaissance Technologies ✦ | 6.10K | -80.1% | $246,684 | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 18 | Marshall Wace ✦ | 5.74K | New | $232,206 | 0.0% | New | 1 | SEC ↗ |
| 19 | Marshall Wace ✦ | 5.74K | New | $232,206 | 0.0% | New | 1 | SEC ↗ |
| 20 | Point72 Asset Management ✦ | 3.50K | New | $141,540 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Wellington Management | $2.68M | 0.0% |
| Wellington Management | $2.68M | 0.0% |
| Marshall Wace | $232,206 | 0.0% |
| Marshall Wace | $232,206 | 0.0% |
| Point72 Asset Management | $141,540 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 296 holders, 45.59M shares, $1.73B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer · 4.08K sh · $176,256
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology