First Merchants Corporation
US ˙ NasdaqGS ˙ US3208171096

SecurityFRME / First Merchants Corporation
InstitutionQUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series
Latest Disclosed Ownership100,294 shares
Latest Disclosed Value $ 3,841,260
QUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series reports 0.91% increase in ownership of FRME / First Merchants Corporation

On August 26, 2025 - QUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series filed a NPORT-P form disclosing ownership of 100,294 shares of First Merchants Corporation (US:FRME) valued at $3,841,260 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 28, 2025 disclosing 99,390 shares of First Merchants Corporation. This represents a change in shares of 0.91% during the quarter. The current value of the position is $4,004,739 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-26 2025-06-30 NP First Merchants EC US3208171096 100,294 904 0.91 3,841 -4.43 0.0863
2025-05-28 2025-03-31 NP First Merchants EC US3208171096 99,390 1,056 1.07 4,019 2.47 0.0964
2025-02-25 2024-12-31 NP First Merchants EC US3208171096 98,334 -15,793 -13.84 3,923 -7.61 0.0857
2024-11-26 2024-09-30 NP First Merchants EC US3208171096 114,127 2,436 2.18 4,246 14.17 0.0803
2024-08-26 2024-06-30 NP First Merchants EC US3208171096 111,691 8,629 8.37 3,718 3.39 0.0757
2024-05-28 2024-03-31 NP First Merchants EC US3208171096 103,062 -4,808 -4.46 3,597 -10.08 0.0751
2024-02-26 2023-12-31 NP First Merchants EC US3208171096 107,870 7,542 7.52 4,000 43.28 0.0854
2023-11-28 2023-09-30 NP First Merchants EC US3208171096 100,328 -2,597 -2.52 2,791 -3.92 0.0728
2023-08-25 2023-06-30 NP First Merchants EC US3208171096 102,925 11,658 12.77 2,906 -3.39 0.0689
2023-05-26 2023-03-31 NP First Merchants EC US3208171096 91,267 940 1.04 3,007 -19.01 0.0801
2023-02-24 2022-12-31 NP First Merchants EC US3208171096 90,327 -1,364 -1.49 3,713 4.71 0.1022
2022-11-25 2022-09-30 NP First Merchants EC US3208171096 91,691 3,245 3.67 3,547 12.57 0.1016
2022-08-25 2022-06-30 NP First Merchants EC US3208171096 88,446 10,942 14.12 3,150 -2.30 0.0870
2022-05-26 2022-03-31 NP First Merchants EC US3208171096 77,504 -7,610 -8.94 3,224 -9.57 0.0751
2022-02-25 2021-12-31 NP First Merchants EC US3208171096 85,114 1,923 2.31 3,565 2.44 0.0773
2021-11-24 2021-09-30 NP First Merchants EC US3208171096 83,191 0 0.00 3,481 0.40 0.0767
2021-08-26 2021-06-30 NP First Merchants EC US3208171096 83,191 2,685 3.34 3,467 -7.40 0.0744
2021-05-27 2021-03-31 NP First Merchants EC US3208171096 80,506 -529 -0.65 3,744 23.49 0.0849
2021-02-25 2020-12-31 NP First Merchants EC US3208171096 81,035 0 0.00 3,032 61.57 0.0777
2020-11-25 2020-09-30 NP First Merchants EC US3208171096 81,035 -9,324 -10.32 1,877 -24.69 0.0602
2020-08-27 2020-06-30 NP First Merchants EC US3208171096 90,359 266 0.30 2,491 4.40 0.0814
2020-06-01 2020-03-31 NP First Merchants EC US3208171096 90,093 1,057 1.19 2,387 -35.57 0.0976
2020-02-27 2019-12-31 NP First Merchants EC 320817109 89,036 5,153 6.14 3,703 17.33 0.1114
2019-11-27 2019-09-30 NP First Merchants EC US3208171096 83,883 83,883 3,157 0.1044
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.