Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by First Merchants Corp. The document details the company's holdings in equity securities, mutual funds, and other assets as of the reporting period ending June 30, 2026. As a Form 13F, this filing discloses the investment portfolio managed by the company's investment advisors rather than the company's operational financial results.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of securities held, categorized by asset class. While total portfolio value is not explicitly summarized in a single line item, the data reveals significant concentrations in the following areas:
- Equities: The portfolio holds substantial positions in major technology and industrial firms, including Apple Inc. (approx. $55.9M value), Amazon (approx. $32.1M value), Alphabet (approx. $63.6M value), and NVIDIA (approx. $32.5M value).
- Mutual Funds: Significant allocations are made to diversified funds, particularly Vanguard and Fidelity offerings. Notable holdings include Vanguard Total Bond (approx. $15.4M), Fidelity Contrafund (approx. $39.8M), and Vanguard Mid-Cap Admiral (approx. $67.8M).
- Cash Equivalents: The portfolio maintains a large cash position, primarily in the FMPW Inst Money fund, with a reported value of approximately $175.3 million.
- Other Assets: The filing lists various "Other Assets" including specific loan participations (e.g., "ABI FMB LOC") and settlement agreements, with individual values ranging from $50,000 to $6,000,000.
Material Changes and Voting Authority
The filing distinguishes between voting authority held Solely, Shared, or None. The vast majority of the reported positions are held with Sole voting authority. A smaller portion of holdings, often in ETFs or specific equity tranches, are reported with Other (OTR) voting authority, indicating shared or limited control. The document does not provide comparative data against the prior quarter to quantify material changes in position size.
Guidance, Risks, and Contingencies
Management Commentary: This filing contains no management commentary, forward-looking guidance, or strategic outlook. It is a statutory disclosure of asset ownership.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The portfolio's heavy weighting in large-cap equities and mutual funds exposes the holdings to general market volatility. The presence of "Other Assets" such as loan participations suggests exposure to specific credit risks not detailed in this summary.
Important Facts for Investor Verification
- Reporting Entity: Verify that these holdings represent the investment portfolio of First Merchants Corp and not the company's core banking operations.
- Cash Position: Confirm the liquidity status represented by the $175.3 million in money market funds.
- Concentration Risk: Note the significant exposure to the technology sector (Apple, Amazon, Alphabet, NVIDIA) and the financial sector (J.P. Morgan, Bank of Montreal, First Merchants Corp itself).
- Self-Holding: The company holds approximately $22.6 million of its own stock (First Merchants Corp Equities) with Sole voting authority.
- Data Limitations: This document does not provide revenue, profit, or debt metrics for First Merchants Corp's banking operations; those figures must be sourced from the company's 10-K or 10-Q filings.