FIRST MERCHANTS CORP
Long book
$2.63B
Q1 2026
Positions
356
Top-10 weight
32%
concentration
Last quarter
+10.7%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsFIRST MERCHANTS CORP is an institutional manager, running a $2.63B US long book across 356 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: FMPW INST MONEY, VANGUARD 500 INDEX-ADM, FEDERATED SHRT-INTRM TTL-R6, FED HERM TTL RTRN BND-R6, VANGUARD SHORT-TERM BOND ETF.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+5.7%
Q3 2024
+0.4%
Q4 2024
-1.9%
Q1 2025
+7.6%
Q2 2025
+6.0%
Q3 2025
+2.8%
Q4 2025
-1.7%
Q1 2026
+10.7%
Sector allocation
Technology 36%
Consumer discretionary 15%
Financials 12%
Healthcare 12%
Industrials 8%
Services media 5%
Energy 4%
Utilities 2%
Long book by quarter
What does FIRST MERCHANTS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 182.2K | $52.4M | 2.0% | -2.7% |
| AAPL APPLE INC | Technology | 201.0K | $51.0M | 1.9% | -1.2% |
| LLY ELI LILLY & CO | Healthcare | 50.2K | $46.2M | 1.8% | -0.6% |
| AVGO BROADCOM INC | Technology | 138.0K | $42.7M | 1.6% | -7.8% |
| MSFT MICROSOFT CORP | Technology | 100.6K | $37.2M | 1.4% | -4.3% |
| NVDA NVIDIA CORP | Technology | 169.6K | $29.6M | 1.1% | +1.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 136.0K | $28.3M | 1.1% | +3.9% |
| APH AMPHENOL CORP-CL A | Technology | 190.3K | $24.0M | 0.9% | -8.8% |
| JPM JPMORGAN CHASE & CO | Financials | 79.1K | $23.3M | 0.9% | -2.0% |
| LRCX LAM RESEARCH CORP | Industrials | 103.8K | $22.2M | 0.8% | -24.8% |
| WMT WALMART INC | Consumer discretionary | 174.0K | $21.6M | 0.8% | -1.5% |
| FRME FIRST MERCHANTS CORP | Financials | 525.2K | $20.3M | 0.8% | -1.8% |
| V VISA INC-CLASS A SHARES | Services media | 61.5K | $18.6M | 0.7% | 0.0% |
| SYK STRYKER CORP | Healthcare | 54.8K | $18.0M | 0.7% | -2.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 16.7K | $16.7M | 0.6% | -0.8% |
| TJX TJX COMPANIES INC | Consumer discretionary | 102.5K | $16.4M | 0.6% | -2.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 65.1K | $15.9M | 0.6% | +0.4% |
| LOW LOWE'S COS INC | Consumer discretionary | 62.8K | $14.8M | 0.6% | -1.3% |
| CB CHUBB LTD | Financials | 41.8K | $13.6M | 0.5% | -3.4% |
| META META PLATFORMS INC-CLASS A | Technology | 22.2K | $12.7M | 0.5% | +3.3% |
| ABBV ABBVIE INC | Healthcare | 56.0K | $12.2M | 0.5% | -0.5% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 51.9K | $11.7M | 0.4% | +2.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 123.2K | $11.6M | 0.4% | +2.9% |
| BLK BLACKROCK INC | Financials | 11.4K | $10.9M | 0.4% | +0.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 73.6K | $10.6M | 0.4% | +6.4% |
| LIN LINDE PLC | Materials | 20.6K | $10.2M | 0.4% | +6.4% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 109.1K | $10.1M | 0.4% | +3.7% |
| XOM EXXON MOBIL CORP | Energy | 54.3K | $9.2M | 0.4% | -0.1% |
| AME AMETEK INC | Technology | 42.4K | $9.1M | 0.3% | +10.8% |
| ACN ACCENTURE PLC-CL A | Services media | 44.3K | $8.8M | 0.3% | 0.0% |
| NEE NEXTERA ENERGY INC | Utilities | 93.1K | $8.6M | 0.3% | -0.5% |
| EOG EOG RESOURCES INC | Energy | 58.0K | $8.4M | 0.3% | -1.9% |
| SPGI S&P GLOBAL INC | Services media | 19.7K | $8.4M | 0.3% | +18.4% |
| FTNT FORTINET INC | Technology | 99.3K | $8.1M | 0.3% | +4.5% |
| MCD MCDONALD'S CORP | Consumer discretionary | 25.9K | $8.0M | 0.3% | +5.2% |
| HD HOME DEPOT INC | Consumer discretionary | 24.1K | $7.9M | 0.3% | -2.7% |
| PEP PEPSICO INC | Consumer staples | 49.5K | $7.7M | 0.3% | -3.6% |
| CMI CUMMINS INC | Industrials | 13.5K | $7.2M | 0.3% | -4.4% |
| RTX RTX CORP | Industrials | 37.2K | $7.2M | 0.3% | -5.2% |
| CAT CATERPILLAR INC | Industrials | 10.0K | $7.1M | 0.3% | -5.3% |
| CVX CHEVRON CORP | Energy | 34.2K | $7.1M | 0.3% | -5.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 35.5K | $6.9M | 0.3% | -8.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 13.9K | $6.7M | 0.3% | -6.5% |
| DHR DANAHER CORP | Technology | 34.5K | $6.5M | 0.2% | +0.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 501 | $2.63B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 513 | $2.70B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 523 | $2.65B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 518 | $2.58B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 514 | $2.51B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 560 | $2.60B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 563 | $2.62B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 517 | $2.49B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 336 | $1.33B | canonical | SEC ↗ |
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