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FIRST MERCHANTS CORP

200 E JACKSON ST PO BOX 792, MUNCIE, IN 47308-0792 • 7657471500

Q2 2025 · Filed 2025-07-23
Market Value
$2.1B
+4.6%
Holdings
317
-25
New Purchases
4
Added To
47
Closed
16
Reduced
201
Top 10 Concentration
25.8%
Turnover
6.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVGO 2.32% 1.65% +0.67% $48M
NVDA 1.30% 0.82% +0.48% $27M
MSFT 2.52% 2.04% +0.48% $52M
APH 1.23% 0.86% +0.37% $26M
VFIAX 5.78% 5.47% +0.30% $120M
SFNNX 1.86% 1.63% +0.23% $39M
ECL 0.28% 0.05% +0.22% $6M
IYW 1.51% 1.32% +0.20% $32M
META 0.66% 0.50% +0.16% $14M
VWILX 0.97% 0.82% +0.15% $20M
FCNTX 1.84% 1.69% +0.15% $38M
IVW 1.40% 1.26% +0.14% $29M
AMZN 1.35% 1.23% +0.12% $28M
NOW 0.56% 0.45% +0.11% $12M
GOOGL 1.68% 1.57% +0.11% $35M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 2.12% 2.53% -0.41% $44M
UNH 0.03% 0.40% -0.37% $692K
CTVA 0.10% 0.31% -0.21% $2M
LLY 1.88% 2.07% -0.19% $39M
SLB 0.02% 0.20% -0.18% $440K
AGG 1.58% 1.74% -0.16% $33M
SCHD 0.41% 0.56% -0.16% $9M
PEP 0.35% 0.46% -0.11% $7M
IJR 1.20% 1.31% -0.11% $25M
FRME 0.99% 1.10% -0.11% $21M
VWIUX 0.72% 0.82% -0.11% $15M
ABBV 0.51% 0.61% -0.10% $11M
VTEB 0.03% 0.13% -0.10% $544K
CVX 0.29% 0.39% -0.09% $6M
LOW 0.70% 0.79% -0.09% $14M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 64.6%
Technology 12.1%
Healthcare 5.3%
Consumer Cyclical 4.4%
Communication Services 3.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 63 $787M 37.8%
Large Cap 209 $1.1B 53.2%
Mid Cap 36 $172M 8.3%
Small Cap 7 $15M 0.7%
Micro Cap 2 $401K 0.0%

Portfolio Analytics

Avg Market Cap
$237.1B
Median Market Cap
$71.2B
Avg P/E
33.0
Median P/E
25.5
Avg Dividend Yield
0.02%
Avg Beta
0.89
# Stocks
161
# ETFs / Funds
156

Top Holdings (317 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VFIAX 5.78% 209,833 $120M $572.55 $11M -407 -0.2%
2 VIMAX 2.87% 171,979 $60M $346.79 $5M +800 +0.5%
3 BSV 2.84% 749,453 $59M $78.70 $1M +12,559 +1.7%
4 MSFT 2.52% 105,498 $52M $497.41 $12M -2,791 -2.6%
5 AVGO 2.32% 175,306 $48M $275.65 $15M -20,786 -10.6%
6 AAPL 2.12% 214,726 $44M $205.17 -$6M -11,894 -5.2%
7 LLY 1.88% 50,141 $39M $779.53 -$2M +325 +0.7%
8 SFNNX 1.86% 3,080,036 $39M $12.55 $6M +210,987 +7.3%
9 FCNTX 1.84% 1,640,300 $38M $23.33 $5M -38,650 -2.3%
10 VEIRX 1.76% 392,833 $37M $93.24 $907K -4,037 -1.0%
11 GOOGL 1.68% 198,312 $35M $176.23 $4M -3,239 -1.6%
12 AGG 1.58% 331,822 $33M $99.20 -$2M -18,684 -5.3%
13 IYW 1.51% 181,849 $32M $173.27 $5M -4,710 -2.5%
14 IVW 1.40% 264,520 $29M $110.10 $4M -4,755 -1.8%
15 VBIRX 1.38% 2,785,247 $29M $10.29 -$254K -38,374 -1.4%
16 AMZN 1.35% 127,874 $28M $219.39 $4M -175 -0.1%
17 NVDA 1.30% 170,820 $27M $157.99 $11M +20,691 +13.8%
18 VGT 1.23% 38,609 $26M $663.28 $2M -4,779 -11.0%
19 APH 1.23% 259,117 $26M $98.75 $8M -2,417 -0.9%
20 VOO 1.21% 44,252 $25M $568.03 $1M -1,917 -4.2%
21 IJR 1.20% 228,053 $25M $109.29 -$1M -21,113 -8.5%
22 VSMAX 1.19% 218,673 $25M $113.60 -$286K -17,839 -7.5%
23 JPM 1.19% 85,102 $25M $289.91 $3M -3,916 -4.4%
24 JMGRX 1.10% 155,826 $23M $147.14 $2M +3,052 +2.0%
25 SYK 1.10% 57,691 $23M $395.63 $795K -1,487 -2.5%
26 V 1.07% 62,897 $22M $355.05 -$769K -3,019 -4.6%
27 BIV 1.04% 280,173 $22M $77.34 $1M +12,526 +4.7%
28 IVE 1.00% 105,938 $21M $195.42 $386K -667 -0.6%
29 FRME 0.99% 539,726 $21M $38.30 -$1M -2,884 -0.5%
30 VWILX 0.97% 170,809 $20M $117.92 $4M +12,820 +8.1%
31 WCMIX 0.86% 652,740 $18M $27.34 $2M -42,445 -6.1%
32 MVCKX 0.84% 547,786 $18M $32.00 $1M +25,648 +4.9%
33 VIGAX 0.84% 77,178 $17M $225.69 $2M -2,140 -2.7%
34 WMT 0.83% 177,049 $17M $97.78 $2M -225 -0.1%
35 COST 0.80% 16,896 $17M $989.94 $212K -565 -3.2%
36 VBTLX 0.77% 1,649,744 $16M $9.68 -$30K -8,193 -0.5%
37 LRCX 0.74% 157,273 $15M $97.34 $2M -24,692 -13.6%
38 DODIX 0.73% 1,206,639 $15M $12.64 -$878K -73,549 -5.8%
39 MFAIX 0.73% 541,215 $15M $28.10 $2M +16,434 +3.1%
40 VFSUX 0.72% 1,433,256 $15M $10.47 -$714K -78,336 -5.2%
41 VWIUX 0.72% 1,108,064 $15M $13.43 -$1M -106,295 -8.8%
42 LOW 0.70% 65,332 $14M $221.87 -$1M -1,898 -2.8%
43 ADP 0.69% 46,649 $14M $308.40 -$425K -1,829 -3.8%
44 IJJ 0.68% 115,234 $14M $123.58 $41K -3,362 -2.8%
45 GSY 0.68% 280,884 $14M $50.14 -$310K -6,291 -2.2%
46 META 0.66% 18,574 $14M $738.09 $4M +1,337 +7.8%
47 ACN 0.64% 44,274 $13M $298.89 -$983K -1,283 -2.8%
48 IEFA 0.63% 157,682 $13M $83.48 $2M +7,171 +4.8%
49 TJX 0.63% 105,726 $13M $123.49 -$249K -3,509 -3.2%
50 IJK 0.63% 142,899 $13M $90.98 $791K -3,714 -2.5%
51 CB 0.61% 44,127 $13M $289.72 -$1M -1,649 -3.6%
52 PZIEX 0.61% 930,061 $13M $13.72 $3M +128,561 +16.0%
53 AVUV 0.60% 137,353 $13M $91.10 $3M +25,038 +22.3%
54 BLK 0.59% 11,681 $12M $1,049.25 $758K -467 -3.8%
55 HON 0.59% 52,531 $12M $232.88 $955K -731 -1.4%
56 SPY 0.57% 19,313 $12M $617.85 $1M -168 -0.9%
57 NOW 0.56% 11,393 $12M $1,028.08 $3M +160 +1.4%
58 SCHW 0.54% 123,423 $11M $91.24 $1M -2,493 -2.0%
59 VVIAX 0.52% 155,362 $11M $68.95 $182K -926 -0.6%
60 ABBV 0.51% 57,129 $11M $185.62 -$2M -1,189 -2.0%
61 BRO 0.49% 91,055 $10M $110.87 -$1M -858 -0.9%
62 NOMIX 0.48% 482,444 $10M $20.73 -$60K -35,101 -6.8%
63 JNJ 0.48% 65,419 $10M $152.75 -$1M -2,889 -4.2%
64 PG 0.48% 62,635 $10M $159.32 -$1M -1,994 -3.1%
65 WCMEX 0.47% 556,477 $10M $17.54 $2M +37,244 +7.2%
66 HD 0.47% 26,466 $10M $366.64 -$263K -730 -2.7%
67 FTNT 0.47% 91,635 $10M $105.72 $640K -2,354 -2.5%
68 IWP 0.45% 67,553 $9M $138.68 $1M -975 -1.4%
69 ORLY 0.45% 102,875 $9M $90.13 -$604K +95,981 +1392.2%
70 MDY 0.44% 16,073 $9M $566.48 $241K -543 -3.3%
71 LIN 0.43% 19,269 $9M $469.18 -$430K -1,071 -5.3%
72 XLV 0.43% 65,926 $9M $134.79 -$947K -1,422 -2.1%
73 PDGIX 0.42% 106,329 $9M $82.32 -$117K -6,840 -6.0%
74 SCHD 0.41% 321,105 $9M $26.50 -$3M -80,338 -20.0%
75 XLK 0.41% 33,481 $8M $253.23 $1M -921 -2.7%
76 GVI 0.39% 75,654 $8M $106.79 -$1M -10,793 -12.5%
77 VMLUX 0.39% 738,628 $8M $10.90 $54K +2,236 +0.3%
78 TXN 0.39% 38,575 $8M $207.62 $996K -450 -1.1%
79 BRK-B 0.37% 15,745 $8M $485.77 -$1M -648 -4.0%
80 DHR 0.36% 37,494 $7M $197.54 -$912K -3,085 -7.6%
81 SPGI 0.35% 13,802 $7M $527.29 $268K +7 +0.1%
82 EOG 0.35% 60,558 $7M $119.61 -$847K -2,531 -4.0%
83 PEP 0.35% 54,746 $7M $132.04 -$2M -6,481 -10.6%
84 VHYAX 0.35% 178,911 $7M $40.21 $85K -3,970 -2.2%
85 MCD 0.34% 24,097 $7M $292.17 $53K +1,728 +7.7%
86 XLP 0.33% 85,207 $7M $80.97 -$321K -3,205 -3.6%
87 XLY 0.33% 31,288 $7M $217.33 $443K -905 -2.8%
88 NEE 0.32% 96,224 $7M $69.42 -$133K +126 +0.1%
89 ABT 0.32% 49,108 $7M $136.01 -$497K -4,988 -9.2%
90 IWR 0.32% 72,582 $7M $91.97 -$927 -5,898 -7.5%
91 CMCSA 0.31% 181,074 $6M $35.69 -$612K -10,640 -5.5%
92 BAESY 0.31% 62,252 $6M $103.41 $2M +5,144 +9.0%
93 AMP 0.30% 11,870 $6M $533.73 $437K -313 -2.6%
94 CPRT 0.30% 128,237 $6M $49.07 -$901K +1,121 +0.9%
95 XOM 0.30% 58,006 $6M $107.80 $2M +22,531 +63.5%
96 CVX 0.29% 42,596 $6M $143.19 -$2M -3,177 -6.9%
97 XLF 0.29% 116,080 $6M $52.37 $154K -2,876 -2.4%
98 VFIDX 0.29% 678,955 $6M $8.81 $511K +49,409 +7.8%
99 RTX 0.29% 40,962 $6M $146.02 $132K -3,197 -7.2%
100 VITAX 0.28% 17,332 $6M $339.42 $1M -90 -0.5%

New Positions

SymbolValue% Port
COFYX $275K 0.01%
VCMDX $232K 0.01%
HUBB $204K 0.01%
HCA $201K 0.01%

Sold Out Positions

SymbolValue% Port
BMY —%
D —%
APD —%
GE —%
CTOS —%
IBM —%
USB —%
KHC —%
IAU —%
EMB —%
FDL —%
ESIIX —%
PAYX —%
JPM-PL —%
TFC-PO —%
View SEC EDGAR Filings for FIRST MERCHANTS CORP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms