FIRST MERCHANTS CORP
•CIK: 712534•Filing: Q4 2025
**FIRST MERCHANTS CORP** manages $2.7B across a diversified portfolio of 368 positions. The fund exhibits significant concentration in select holdings, notably maintaining a substantial position in FRMEP at $207.9M. Further allocations include major tech and healthcare names, with VFIAX at $135.0M and GOOGL at $58.6M. This structure suggests a strategy combining broad market exposure with targeted, high-conviction equity bets.
Total AUM
$2.7B
QoQ Performance
+1.8%
Positions
361
Top 10 Concentration
33.3%
Latest Filing
Q4 2025
Top Holdings Allocation
FMPW
VFIAX
FMPW7.7%
VFIAX5.0%
FTRLX3.4%
SRBRX3.4%
VIMAX2.4%
BSV2.4%
GOOGL2.2%
AAPL2.0%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other71.9%
Technology12.0%
Healthcare3.7%
Financial3.7%
Consumer3.6%
ETF1.9%
Industrial1.0%
Energy0.7%
🚪 Exited Positionssold since Q3 2025
—
BLACKBIRD FARMS
SOLD
$1.1M
+163 more exited positions
Changes from Q3 2025
↑82 increased
↓101 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023