Merchants Bancorp
MBIN- Exchange
- Nasdaq
- Industry
- State Commercial Banks
- SEC CIK
- 0001629019
In the last 90 days, Merchants Bancorp insiders filed 0 open-market purchases and 2 sales; 188 institutions reported holding it in 13F filings for Q2 2026, worth $2.26B in total; no superinvestor holds it.
13F holders, Q2 2026
Institutional positions in Merchants Bancorp as of Jun 30, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 188
- +13 vs. Q1 2026
- Shares held
- 45.2M
- −331.2K (−0.7%) vs. Q1 2026
- Total value
- $2.26B
- +$285.4M (+14.5%) vs. Q1 2026
- New holders
- 29
- 56 more added
- Sold out
- 16
- 61 more reduced
3 institutions that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2026: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting MBIN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 188 | $2.26B |
| Q1 2026 | 178 | $1.97B |
| Q4 2025 | 151 | $548.6M |
| Q3 2025 | 158 | $507.0M |
| Q2 2025 | 150 | $512.5M |
| Q1 2025 | 160 | $551.1M |
| Q4 2024 | 170 | $1.53B |
| Q3 2024 | 174 | $664.3M |
| Q2 2024 | 174 | $609.3M |
| Q1 2024 | 173 | $583.9M |
| Q4 2023 | 164 | $554.2M |
| Q3 2023 | 122 | $296.1M |
| Q2 2023 | 114 | $271.5M |
| Q1 2023 | 125 | $271.0M |
| Q4 2022 | 114 | $246.7M |
| Q3 2022 | 121 | $230.0M |
| Q2 2022 | 114 | $219.0M |
| Q1 2022 | 121 | $260.2M |
| Q4 2021 | 114 | $303.0M |
| Q3 2021 | 102 | $250.0M |
| Q2 2021 | 110 | $254.5M |
| Q1 2021 | 106 | $275.3M |
Institutions, Q2 2026
Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Elser Financial Planning, Inc | 26,808,625 | $1.34B | 58.12% | −174,476−0.6% | Reduced |
| BlackRock, Inc. | 4,105,193 | $205.3M | 0.00% | +54,275+1.3% | Added |
| Dimensional Fund Advisors LP | 1,827,144 | $91.4M | 0.02% | +68,159+3.9% | Added |
| State Street Corp | 1,066,972 | $53.5M | 0.00% | +32,340+3.1% | Added |
| Nomura Asset Management International Inc. | 1,044,992 | $52.3M | 0.08% | −48,012−4.4% | Reduced |
| Vanguard Capital Management LLC | 1,015,813 | $50.8M | 0.00% | +15,037+1.5% | Added |
| American Century Companies Inc | 837,052 | $41.9M | 0.02% | +94,417+12.7% | Added |
| Doma Perpetual Capital Management LLC | 810,082 | $40.5M | 9.40% | −305,512−27.4% | Reduced |
| Geode Capital Management, LLC | 740,326 | $37.0M | 0.00% | +14,891+2.1% | Added |
| Royce & Associates LP | 527,047 | $26.4M | 0.21% | −40,220−7.1% | Reduced |
| Vanguard Portfolio Management LLC | 488,221 | $24.4M | 0.00% | +23,558+5.1% | Added |
| Morgan Stanley | 308,775 | $15.4M | 0.00% | +10,715+3.6% | Added |
| Northern Trust Corp | 301,802 | $15.1M | 0.00% | +14,709+5.1% | Added |
| Hotchkis & Wiley Capital Management LLC | 298,438 | $14.9M | 0.04% | −3,970−1.3% | Reduced |
| Banc Funds Co LLC | 285,062 | $14.3M | 2.35% | +4,000+1.4% | Added |
| Basswood Capital Management, L.L.C. | 273,747 | $13.7M | 0.59% | 00.0% | Unchanged |
| Charles Schwab Investment Management Inc | 252,548 | $12.6M | 0.00% | +4,466+1.8% | Added |
| Invesco Ltd. | 240,395 | $12.0M | 0.00% | +85,328+55.0% | Added |
| Bank of New York Mellon Corp | 234,378 | $11.7M | 0.00% | −1,768−0.7% | Reduced |
| Valeo Financial Advisors, LLC | 226,998 | $11.3M | 0.24% | −8,102−3.4% | Reduced |
| Royal Bank of Canada | 220,641 | $11.0M | 0.00% | +7,789+3.7% | Added |
| Vanguard Fiduciary Trust Co | 190,624 | $9.53M | 0.00% | +8,748+4.8% | Added |
| Denali Advisors LLC | 174,576 | $8.73M | 0.88% | −20,134−10.3% | Reduced |
| Principal Financial Group Inc | 142,476 | $7.12M | 0.00% | −140−0.1% | Reduced |
| Ballast Asset Management, LP | 135,270 | $6.76M | 2.70% | −1,316−1.0% | Reduced |
| Bank of America Corp | 121,142 | $6.06M | 0.00% | +14,785+13.9% | Added |
| Russell Investments Group, Ltd. | 112,021 | $5.60M | 0.00% | +26,179+30.5% | Added |
| Deutsche Bank AG | 105,673 | $5.28M | 0.00% | +2,715+2.6% | Added |
| First Trust Advisors LP | 100,916 | $5.05M | 0.00% | −15,439−13.3% | Reduced |
| Public Sector Pension Investment Board | 100,763 | $5.04M | 0.01% | −4,294−4.1% | Reduced |
| Franklin Resources Inc | 98,874 | $4.94M | 0.00% | −8,697−8.1% | Reduced |
| Goldman Sachs Group Inc | 71,239 | $3.56M | 0.00% | −55,322−43.7% | Reduced |
| Ameriprise Financial Inc | 70,459 | $3.52M | 0.00% | −2,293−3.2% | Reduced |
| Rhumbline Advisers | 66,756 | $3.34M | 0.00% | −10,678−13.8% | Reduced |
| XTX Topco Ltd | 64,985 | $3.25M | 0.04% | +45,338+230.8% | Added |
| Legal & General Group Plc | 64,385 | $3.22M | 0.00% | +5,938+10.2% | Added |
| UBS Group AG | 61,772 | $3.09M | 0.00% | −18,503−23.0% | Reduced |
| Sapient Capital LLC | 60,521 | $3.03M | 0.04% | 00.0% | Unchanged |
| New York State Common Retirement Fund | 58,134 | $2.91M | 0.00% | −2,600−4.3% | Reduced |
| SEI Investments Co | 54,722 | $2.74M | 0.00% | −54,253−49.8% | Reduced |
| State Board of Administration of Florida Retirement System | 54,235 | $2.71M | 0.00% | −3,005−5.2% | Reduced |
| Nuveen, LLC | 50,975 | $2.55M | 0.00% | +3,097+6.5% | Added |
| Quantinno Capital Management LP | 50,163 | $2.51M | 0.00% | +15,237+43.6% | Added |
| Citigroup Inc | 42,361 | $2.12M | 0.00% | +29,120+219.9% | Added |
| Swiss National Bank | 41,500 | $2.08M | 0.00% | +800+2.0% | Added |
| AQR Capital Management LLC | 40,280 | $2.01M | 0.00% | +1,968+5.1% | Added |
| Raymond James Financial Inc | 38,503 | $1.93M | 0.00% | −4,900−11.3% | Reduced |
| Two Sigma Investments, LP | 34,621 | $1.73M | 0.00% | −7,000−16.8% | Reduced |
| LPL Financial LLC | 33,978 | $1.70M | 0.00% | −903−2.6% | Reduced |
| Price T Rowe Associates Inc | 33,798 | $1.69M | 0.00% | +6,020+21.7% | Added |
| Prudential Financial Inc | 29,615 | $1.48M | 0.00% | +200+0.7% | Added |
| UBS Asset Management Americas Inc | 29,329 | $1.47M | 0.00% | 00.0% | Unchanged |
| Formidable Asset Management, LLC | 33,200 | $1.42M | 0.23% | −1,200−3.5% | Reduced |
| Pacific Ridge Capital Partners, LLC | 28,425 | $1.42M | 0.26% | −328−1.1% | Reduced |
| Picton Mahoney Asset Management | 26,915 | $1.35M | 0.01% | +4,385+19.5% | Added |
| ExodusPoint Capital Management, LP | 25,670 | $1.28M | 0.01% | +25,670 | New |
| Millennium Management LLC | 25,501 | $1.28M | 0.00% | +25,501 | New |
| Verdence Capital Advisors LLC | 25,019 | $1.25M | 0.07% | −830−3.2% | Reduced |
| Federated Hermes, Inc. | 24,990 | $1.25M | 0.00% | +7,146+40.0% | Added |
| California State Teachers Retirement System | 23,993 | $1.20M | 0.00% | +4,844+25.3% | Added |
| James Investment Research Inc | 23,770 | $1.19M | 0.12% | 00.0% | Unchanged |
| Alliancebernstein L.P. | 27,618 | $1.19M | 0.00% | 00.0% | Unchanged |
| Great West Life Assurance Co | 22,867 | $1.14M | 0.00% | −1,216−5.0% | Reduced |
| Wells Fargo & Company | 21,957 | $1.10M | 0.00% | +12,082+122.3% | Added |
| Twelve Points Wealth Management LLC | 20,466 | $1.02M | 0.21% | −2,450−10.7% | Reduced |
| Thrivent Financial for Lutherans | 19,305 | $965.0K | 0.00% | −300−1.5% | Reduced |
| Capstone Investment Advisors, LLC | 19,018 | $950.9K | 0.01% | +19,018 | New |
| JPMorgan Chase & Co | 17,799 | $945.8K | 0.00% | −11,362−39.0% | Reduced |
| Vanguard Global Advisers, LLC | 17,050 | $852.5K | 0.00% | +813+5.0% | Added |
| D. E. Shaw & Co., Inc. | 16,359 | $818.0K | 0.00% | −11,916−42.1% | Reduced |
| Stifel Financial Corp | 16,174 | $808.7K | 0.00% | −24−0.1% | Reduced |
| LJI Wealth Management, LLC | 15,000 | $750.0K | 0.11% | +15,000 | New |
| Illinois Municipal Retirement Fund | 14,873 | $743.6K | 0.01% | −259−1.7% | Reduced |
| Vanguard Asset Management, Ltd | 14,747 | $737.4K | 0.00% | 00.0% | Unchanged |
| MetLife Investment Management | 14,708 | $735.4K | 0.00% | +461+3.2% | Added |
| STRS Ohio | 14,200 | $710.0K | 0.00% | 00.0% | Unchanged |
| Curry Webb Wealth Management LLC | 14,118 | $705.9K | 0.29% | +35+0.2% | Added |
| BNP Paribas Arbitrage, SA | 13,646 | $682.3K | 0.00% | −1,552−10.2% | Reduced |
| CWM Advisors, LLC | 13,567 | $678.4K | 0.03% | +1,623+13.6% | Added |
| Louisiana State Employees Retirement System | 12,900 | $645.0K | 0.01% | −100−0.8% | Reduced |
| Acadian Asset Management LLC | 12,532 | $626.0K | 0.00% | −1,189−8.7% | Reduced |
| Commonwealth Equity Services, LLC | 11,856 | $592.8K | 0.00% | −144−1.2% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 11,658 | $582.9K | 0.00% | −526−4.3% | Reduced |
| State of Alaska, Department of Revenue | 11,649 | $582.0K | 0.01% | −4,803−29.2% | Reduced |
| Oxford Financial Group Ltd | 11,137 | $556.9K | 0.03% | 00.0% | Unchanged |
| Aldebaran Capital, LLC | 10,125 | $506.3K | 0.38% | 00.0% | Unchanged |
| BCGM Wealth Management, LLC | 10,097 | $504.9K | 0.11% | −5,380−34.8% | Reduced |
| The PNC Financial Services Group, Inc. | 9,991 | $499.6K | 0.00% | +113+1.1% | Added |
| New York State Teachers Retirement System | 9,649 | $482.0K | 0.00% | +503+5.5% | Added |
| Manufacturers Life Insurance Company, The | 8,720 | $436.0K | 0.00% | −6,009−40.8% | Reduced |
| Barclays PLC | 8,629 | $431.4K | 0.00% | +2,838+49.0% | Added |
| SG Americas Securities, LLC | 8,007 | $400.0K | 0.00% | +3,092+62.9% | Added |
| Yousif Capital Management, LLC | 7,791 | $389.6K | 0.00% | −56−0.7% | Reduced |
| Amalgamated Bank | 7,787 | $389.0K | 0.00% | −562−6.7% | Reduced |
| Cetera Investment Advisers | 7,628 | $381.4K | 0.00% | −800−9.5% | Reduced |
| Meeder Advisory Services, Inc. | 7,500 | $375.0K | 0.01% | 00.0% | Unchanged |
| Impact Partnership Wealth, LLC | 7,319 | $365.9K | 0.04% | −7,200−49.6% | Reduced |
| Teachers Retirement System of the State of Kentucky | 7,300 | $365.0K | 0.00% | 00.0% | Unchanged |
| ZEGA Investments, LLC | 7,200 | $360.0K | 0.06% | +7,200 | New |
| Police & Firemen's Retirement System of New Jersey | 7,177 | $358.9K | 0.00% | 00.0% | Unchanged |