NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO, a registered investment adviser, initiated a new position in First Merchants Corporation (NASDAQ:FRME) during Q4 2025, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor purchased 15,165,871 shares of the Financial Services company, valued at approximately $1.4B as of the filing date.
First Merchants Corporation's stock currently trades at $42.30 with a market capitalization of $2.2B.