Cliff Asness's FRME Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 566,471 shares of First Merchants Corporation (FRME) worth $24.75 M, representing 0.01% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 55 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in FRME, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2023, adding 194,595 shares. Largest reduction occurred in Q1 2020, reducing 53,608 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's First Merchants Corporation (FRME) Holding Value Over Time
Track share changes against reported price movement
Quarterly First Merchants Corporation (FRME) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2026 | +161,480 | Add 39.87% | 566,471 | $43.69 |
| Q1 2026 | +23,689 | Add 6.21% | 404,991 | $38.73 |
| Q4 2025 | +72,895 | Add 23.64% | 381,302 | $37.48 |
| Q3 2025 | +144,716 | Add 88.41% | 308,407 | $37.70 |
| Q2 2025 | +45,041 | Add 37.96% | 163,691 | $38.30 |
| Q1 2025 | +19,375 | Add 19.52% | 118,650 | $40.44 |
| Q4 2024 | -43,498 | Reduce 30.47% | 99,275 | $39.89 |
| Q3 2024 | +4,327 | Add 3.13% | 142,773 | $37.20 |
| Q2 2024 | +1,424 | Add 1.04% | 138,446 | $33.29 |
| Q1 2024 | -30,914 | Reduce 18.41% | 137,022 | $34.90 |
| Q4 2023 | -33,880 | Reduce 16.79% | 167,936 | $37.08 |
| Q3 2023 | +194,595 | Add 2694.85% | 201,816 | $27.82 |
| Q2 2023 | +7,221 | New Buy | 7,221 | $28.23 |
| Q1 2023 | -7,574 | Sold Out | 0 | $0.00 |
| Q4 2022 | +7,574 | New Buy | 7,574 | $41.11 |
| Q3 2022 | -18,376 | Sold Out | 0 | $0.00 |
| Q2 2022 | -5,296 | Reduce 22.37% | 18,376 | $35.64 |
| Q1 2022 | -10,863 | Reduce 31.46% | 23,672 | $41.61 |
| Q4 2021 | +13,406 | Add 63.45% | 34,535 | $41.90 |
| Q3 2021 | +6,505 | Add 44.48% | 21,129 | $41.84 |
| Q2 2021 | -595 | Reduce 3.91% | 14,624 | $41.64 |
| Q1 2021 | -1,977 | Reduce 11.50% | 15,219 | $46.52 |
| Q4 2020 | -5,758 | Reduce 25.08% | 17,196 | $37.39 |
| Q3 2020 | -5,650 | Reduce 19.75% | 22,954 | $23.18 |
| Q1 2020 | -53,608 | Reduce 65.21% | 28,604 | $26.50 |
| Q4 2019 | +588 | Add 0.72% | 82,212 | $41.59 |
| Q3 2019 | -10,319 | Reduce 11.22% | 81,624 | $37.64 |
| Q2 2019 | -300 | Reduce 0.33% | 91,943 | $37.90 |
| Q1 2019 | -14,102 | Reduce 13.26% | 92,243 | $36.85 |
| Q4 2018 | -39,640 | Reduce 27.15% | 106,345 | $34.27 |
| Q3 2018 | -21,708 | Reduce 12.95% | 145,985 | $44.99 |
| Q2 2018 | +1,317 | Add 0.79% | 167,693 | $46.40 |
| Q1 2018 | -5,200 | Reduce 3.03% | 166,376 | $41.70 |
| Q4 2017 | -3,689 | Reduce 2.10% | 171,576 | $42.06 |
| Q3 2017 | -2,067 | Reduce 1.17% | 175,265 | $42.93 |
| Q2 2017 | -31,020 | Reduce 14.89% | 177,332 | $40.15 |
| Q1 2017 | +37,770 | Add 22.14% | 208,352 | $39.32 |
| Q4 2016 | +62,200 | Add 57.39% | 170,582 | $37.65 |
| Q3 2016 | +17,874 | Add 19.75% | 108,382 | $26.75 |
| Q2 2016 | -3,407 | Reduce 3.63% | 90,508 | $24.93 |
| Q1 2016 | +21,085 | Add 28.95% | 93,915 | $23.57 |
| Q4 2015 | +40,003 | Add 121.86% | 72,830 | $25.42 |
| Q3 2015 | +6,071 | Add 22.69% | 32,827 | $26.23 |
| Q2 2015 | +11,660 | Add 77.24% | 26,756 | $24.70 |
| Q1 2015 | +6,069 | Add 67.23% | 15,096 | $23.52 |
| Q4 2014 | +9,027 | New Buy | 9,027 | $22.71 |
| Q3 2014 | -12,927 | Sold Out | 0 | $0.00 |
| Q2 2014 | +100 | Add 0.78% | 12,927 | $21.12 |
| Q1 2014 | +300 | Add 2.39% | 12,827 | $21.67 |
| Q4 2013 | +100 | Add 0.80% | 12,527 | $22.75 |
| Q3 2013 | +327 | Add 2.70% | 12,427 | $17.30 |
| Q2 2013 | +12,100 | Add 0.00% | 12,100 | $17.19 |
| Q4 2012 | +12,100 | Add 0.00% | 12,100 | $14.88 |
Cliff Asness's First Merchants Corporation Investment FAQs
Cliff Asness first purchased First Merchants Corporation (FRME) in Q4 2012, acquiring 12,100 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held First Merchants Corporation (FRME) for 55 quarters since Q4 2012.
Cliff Asness's largest addition to First Merchants Corporation (FRME) was in Q3 2023, adding 201,816 shares worth $5.61 M.
According to the latest 13F filing for Q2 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 566,471 shares of First Merchants Corporation (FRME), valued at approximately $24.75 M.
As of the Q2 2026 filing, First Merchants Corporation (FRME) represents approximately 0.01% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in First Merchants Corporation (FRME) was 566,471 shares, as reported at the end of Q2 2026.