First Merchants Corporation
First Merchants Corporation (FRME) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · FRME · as of Sep 30, 2025
Ownership Breakdown
282
Institutional Holders
▲ 4 vs Q2
$1.67B
Total Inst. Value
▼ $24.21M vs Q2
63.02M
Shares Outstanding
freeFloat 98.15%
44.27M
13F Shares Held
▲ 73,758 vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
FRME largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC national commercial banks | 6.08M | 10.57% | 10.57% | $229.16B | Nov 7, 2025 | ▼ 107.7K |
BLACKROCK, INC. national commercial banks | 4.57M | 7.94% | 7.94% | $172.11B | Nov 12, 2025 | ▼ 44.1K |
DIMENSIONAL FUND ADVISORS LP national commercial banks | 3.38M | 5.88% | 5.88% | $127.48B | Nov 12, 2025 | ▼ 24.2K |
EARNEST PARTNERS LLC national commercial banks | 2.45M | 4.25% | 4.25% | $92.21B | Nov 14, 2025 | ▼ 126.0K |
STATE STREET CORP national commercial banks | 2.06M | 3.57% | 3.57% | $77.48B | Nov 14, 2025 | ▲ 49.5K |
GEODE CAPITAL MANAGEMENT, LLC national commercial banks | 1.43M | 2.49% | 2.49% | $53.91B | Nov 12, 2025 | ▼ 472 |
CAPITAL INTERNATIONAL INVESTORS national commercial banks | 1.35M | 2.34% | 2.34% | $50.76B | Nov 13, 2025 | ▲ 527.5K |
NUVEEN, LLC national commercial banks | 954.0K | 1.66% | 1.66% | $35.97B | Nov 12, 2025 | ▲ 37.4K |
VICTORY CAPITAL MANAGEMENT INC national commercial banks | 947.5K | 1.65% | 1.65% | $35.72B | Nov 12, 2025 | ▲ 73.7K |
GOLDMAN SACHS GROUP INC national commercial banks | 941.7K | 1.64% | 1.64% | $35.50B | Nov 14, 2025 | ▲ 15.3K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
26
Increased
+1.90M shares1
New Positions
first time holders20
Decreased
−1.17M shares0
Sold Out
fully exitedNet shares change (top 50)
+730.9K
+1.90M / −1.17M
Net new holders
+7
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
FRME insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
16
Buy transactions
11
Sell transactions
1.45
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Myers Larry W First Vice President | May 5, 2026 | Sale | 0.407 | $40.54 | $16.5 | 109.8K | Form 4 ↗ |
KELLOGG CLARK C director | Mar 31, 2026 | Award | 584 | $38.73 | $22.6K | 15.3K | Form 4 ↗ |
Lehman Gary director | Mar 31, 2026 | Award | 564 | $38.73 | $21.8K | 53.8K | Form 4 ↗ |
WOJTOWICZ JEAN L director | Mar 31, 2026 | Award | 806 | $38.73 | $31.2K | 65.5K | Form 4 ↗ |
Sondhi Jason R director | Mar 31, 2026 | Award | 605 | $38.73 | $23.4K | 9.5K | Form 4 ↗ |
RECHIN MICHAEL C director | Mar 31, 2026 | Award | 625 | $38.73 | $24.2K | 89.9K | Form 4 ↗ |
Johnson Kevin D director | Mar 31, 2026 | Award | 564 | $38.73 | $21.8K | 9.0K | Form 4 ↗ |
Halderman Howard director | Mar 31, 2026 | Award | 605 | $38.73 | $23.4K | 29.0K | Form 4 ↗ |
FISHER MICHAEL J director | Mar 31, 2026 | Award | 564 | $38.73 | $21.8K | 18.5K | Form 4 ↗ |
Chiang Mung director | Mar 31, 2026 | Award | 584 | $38.73 | $22.6K | 8.4K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
First Merchants Corporation (FRME) is primarily owned by institutional investors, who hold approximately 70.3% of total shares outstanding. Company insiders own approximately 1.85%, while retail and public investors account for the remaining 27.91%.
The largest institutional shareholder of First Merchants Corporation is VANGUARD GROUP INC, holding approximately 6.08 million shares — equal to 10.57% of outstanding shares — as of September 30, 2025.
A total of 282 institutional investors currently hold FRME stock, with a combined institutional value of approximately $1.67 billion as of the most recent 13F filing period.
Frequently asked questions
FRME ownershipFirst Merchants Corporation (FRME) is primarily owned by institutional investors, who hold approximately 70.3% of shares. The largest shareholder is VANGUARD GROUP INC with a 10.57% stake. Company insiders hold 1.85%. Data sourced from SEC Form 13F as of September 30, 2025.