Citigroup Inc reports 103.82% increase in ownership of FRME / First Merchants Corporation

First Merchants Corporation

US ˙ NasdaqGS ˙ US3208171096

Security	FRME / First Merchants Corporation
Institution	Citigroup Inc
Latest Disclosed Ownership	77,143 shares
Latest Disclosed Value	$ 2,987,748

On May 11, 2026 - Citigroup Inc filed a 13F-HR form disclosing ownership of 77,143 shares of First Merchants Corporation (US:FRME) valued at $2,987,748 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 37,848 shares of First Merchants Corporation. This represents a change in shares of 103.82% during the quarter. The current value of the position is $3,000,863 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-11	2026-03-31	13F	FIRST MERCHANTS	COM	320817109	77,143	39,295	103.82	2,988	110.65	0.0006
2026-02-13	2025-12-31	13F	FIRST MERCHANTS	COM	320817109	37,848	-27,718	-42.27	1,419	-42.61	0.0006
2025-11-10	2025-09-30	13F	FIRST MERCHANTS	COM	320817109	65,566	-45,612	-41.03	2,472	-41.97	0.0011
2025-08-11	2025-06-30	13F	FIRST MERCHANTS	COM	320817109	111,178	-22,851	-17.05	4,258	-21.44	0.0021
2025-05-12	2025-03-31	13F	FIRST MERCHANTS	COM	320817109	134,029	19,206	16.73	5,420	18.34	0.0028
2025-02-12	2024-12-31	13F	FIRST MERCHANTS	COM	320817109	114,823	41,899	57.46	4,580	68.88	0.0027
2024-11-12	2024-09-30	13F	FIRST MERCHANTS	COM	320817109	72,924	7,797	11.97	2,713	25.09	0.0016
2024-08-12	2024-06-30	13F	FIRST MERCHANTS	COM	320817109	65,127	9,332	16.73	2,168	11.35	0.0014
2024-05-10	2024-03-31	13F	FIRST MERCHANTS	COM	320817109	55,795	-54	-0.10	1,947	-5.94	0.0013
2024-02-09	2023-12-31	13F	FIRST MERCHANTS	COM	320817109	55,849	24,317	77.12	2,071	136.03	0.0015
2023-12-06	2023-09-30	13F/A-1	FIRST MERCHANTS	COM	320817109	31,532	-23,811	-43.02	877	-43.85	0.0007
2023-11-09	2023-09-30	13F	FIRST MERCHANTS	COM	320817109	31,532	-23,811		877		0.0003
2023-08-10	2023-06-30	13F	FIRST MERCHANTS	COM	320817109	55,343	41,653	304.26	1,562	246.34	0.0010
2023-05-11	2023-03-31	13F	FIRST MERCHANTS	COM	320817109	13,690	10,192	291.37	451	215.38	0.0003
2023-02-09	2022-12-31	13F	FIRST MERCHANTS	COM	320817109	3,498	-413	-10.56	144	-5.92	0.0001
2022-11-10	2022-09-30	13F	FIRST MERCHANTS	COM	320817109	3,911	-3,381	-46.37	152	-41.54	0.0001
2022-08-10	2022-06-30	13F	FIRST MERCHANTS	COM	320817109	7,292	1,413	24.03	260	6.56	0.0002
2022-05-12	2022-03-31	13F	FIRST MERCHANTS	COM	320817109	5,879	-11,423	-66.02	244	-66.34	0.0001
2022-02-10	2021-12-31	13F	FIRST MERCHANTS	COM	320817109	17,302	7,949	84.99	725	85.42	0.0004
2021-11-10	2021-09-30	13F	FIRST MERCHANTS	COM	320817109	9,353	-16,904	-64.38	391	-64.29	0.0002
2021-08-10	2021-06-30	13F	FIRST MERCHANTS	COM	320817109	26,257	594	2.31	1,095	-8.21	0.0007
2021-05-13	2021-03-31	13F	FIRST MERCHANTS	COM	320817109	25,663	11,640	83.01	1,193	127.67	0.0008
2021-02-11	2020-12-31	13F	FIRST MERCHANTS	COM	320817109	14,023	6,203	79.32	524	189.50	0.0003
2020-11-12	2020-09-30	13F	FIRST MERCHANTS	COM	320817109	7,820	-16,087	-67.29	181	-72.53	0.0001
2020-08-12	2020-06-30	13F	FIRST MERCHANTS	COM	320817109	23,907	5,999	33.50	659	38.74	0.0005
2020-05-12	2020-03-31	13F	FIRST MERCHANTS	COM	320817109	17,908	4,248	31.10	475	-16.37	0.0004
2020-02-12	2019-12-31	13F	FIRST MERCHANTS	COM	320817109	13,660	-3,595	-20.83	568	-12.48	0.0004
2019-11-08	2019-09-30	13F	FIRST MERCHANTS	COM	320817109	17,255	-3,111	-15.28	649	-15.93	0.0005
2019-08-12	2019-06-30	13F	FIRST MERCHANTS	COM	320817109	20,366	3,728	22.41	772	25.94	0.0006
2019-05-13	2019-03-31	13F	FIRST MERCHANTS	COM	320817109	16,638	-5,964	-26.39	613	-20.90	0.0006
2019-02-12	2018-12-31	13F	FIRST MERCHANTS	COM	320817109	22,602	3,924	21.01	775	-7.85	0.0008
2018-11-13	2018-09-30	13F	FIRST MERCHANTS	COM	320817109	18,678	7,268	63.70	841	58.98	0.0008
2018-08-10	2018-06-30	13F	FIRST MERCHANTS	COM	320817109	11,410	-3,093	-21.33	529	-12.56	0.0005
2018-05-11	2018-03-31	13F	FIRST MERCHANTS	COM	320817109	14,503	545	3.90	605	3.07	0.0005
2018-02-12	2017-12-31	13F	FIRST MERCHANTS	COM	320817109	13,958	12,000	612.87	587	598.81	0.0005
2017-11-13	2017-09-30	13F	FIRST MERCHANTS	COM	320817109	1,958	1,627	491.54	84	546.15	0.0001
2017-08-11	2017-06-30	13F	FIRST MERCHANTS	COM	320817109	331	-1,202	-78.41	13	-78.33	0.0000
2017-05-12	2017-03-31	13F	FIRST MERCHANTS	COM	320817109	1,533	-44,188	-96.65	60	-96.51	0.0001
2017-02-10	2016-12-31	13F	FIRST MERCHANTS	COM	320817109	45,721	38,875	567.85	1,721	840.44	0.0016
2016-11-10	2016-09-30	13F	FIRST MERCHANTS	COM	320817109	6,846	772	12.71	183	21.19	0.0002
2016-08-12	2016-06-30	13F	FIRST MERCHANTS	COM	320817109	6,074	-29,901	-83.12	151	-82.19	0.0002
2016-05-13	2016-03-31	13F	FIRST MERCHANTS	COM	320817109	35,975	20,685	135.28	848	118.56	0.0010
2016-02-12	2015-12-31	13F	FIRST MERCHANTS	COM	320817109	15,290	10,815	241.68	388	231.62	0.0004
2015-11-13	2015-09-30	13F	FIRST MERCHANTS	COM	320817109	4,475	-473	-9.56	117	-4.10	0.0001
2015-08-13	2015-06-30	13F	FIRST MERCHANTS	COM	320817109	4,948	-4,261	-46.27	122	-43.52	0.0001
2015-05-14	2015-03-31	13F	FIRST MERCHANTS	COM	320817109	9,209	-8,391	-47.68	216	-46.00	0.0002
2015-02-17	2014-12-31	13F	FIRST MERCHANTS	COM	320817109	17,600	14,797	527.90	400	601.75	0.0004
2014-11-14	2014-09-30	13F	FIRST MERCHANTS	COM	320817109	2,803	1,188	73.56	57	67.65	0.0000
2014-08-14	2014-06-30	13F	FIRST MERCHANTS	COM	320817109	1,615	-11,151	-87.35	34	-87.68	0.0000
2014-05-15	2014-03-31	13F	FIRST MERCHANTS	COM	320817109	12,766	-10,376	-44.84	276	-47.53	0.0003
2014-02-14	2013-12-31	13F	FIRST MERCHANTS	COM	320817109	23,142	13,562	141.57	526	216.87	0.0005
2013-11-14	2013-09-30	13F	FIRST MERCHANTS	COM	320817109	9,580	-8,402	-46.72	166	-46.10	0.0002
2013-08-14	2013-06-30	13F	FIRST MERCHANTS	COM	320817109	17,982	17,982		308		0.0003

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.