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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.

Other share classesMBINLMBINMMBINN

13F holders, Q3 2023

Institutional positions in Merchants Bancorp as of Sep 30, 2023. 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
122
+9 vs. Q2 2023
Shares held
10.7M
+161.7K (+1.5%) vs. Q2 2023
Total value
$296.1M
+$27.5M (+10.2%) vs. Q2 2023
New holders
15
45 more added
Sold out
6
39 more reduced

1 institution that held it in Q2 2023 haven't filed for Q3 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2023: 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.

Institutional holdersQ3 2023: 122 institutions
Q1 2021: 106 institutionsQ2 2021: 110 institutionsQ3 2021: 102 institutionsQ4 2021: 114 institutionsQ1 2022: 121 institutionsQ2 2022: 114 institutionsQ3 2022: 121 institutionsQ4 2022: 114 institutionsQ1 2023: 125 institutionsQ2 2023: 114 institutionsQ3 2023: 122 institutionsQ4 2023: 164 institutionsQ1 2024: 173 institutionsQ2 2024: 174 institutionsQ3 2024: 174 institutionsQ4 2024: 170 institutionsQ1 2025: 160 institutionsQ2 2025: 150 institutionsQ3 2025: 158 institutionsQ4 2025: 151 institutionsQ1 2026: 178 institutionsQ2 2026: 188 institutions
Value heldQ3 2023: $296.1M
Q1 2021: $275.2MQ2 2021: $254.5MQ3 2021: $250.0MQ4 2021: $302.4MQ1 2022: $260.2MQ2 2022: $217.9MQ3 2022: $229.8MQ4 2022: $246.7MQ1 2023: $267.8MQ2 2023: $271.5MQ3 2023: $296.1MQ4 2023: $509.8MQ1 2024: $515.7MQ2 2024: $589.0MQ3 2024: $654.3MQ4 2024: $1.53BQ1 2025: $551.1MQ2 2025: $505.0MQ3 2025: $501.3MQ4 2025: $548.2MQ1 2026: $1.97BQ2 2026: $2.26B
Institutions holding MBIN and their total value by quarter
QuarterHoldersValue
Q2 2026188$2.26B
Q1 2026178$1.97B
Q4 2025151$548.2M
Q3 2025158$501.3M
Q2 2025150$505.0M
Q1 2025160$551.1M
Q4 2024170$1.53B
Q3 2024174$654.3M
Q2 2024174$589.0M
Q1 2024173$515.7M
Q4 2023164$509.8M
Q3 2023122$296.1M
Q2 2023114$271.5M
Q1 2023125$267.8M
Q4 2022114$246.7M
Q3 2022121$229.8M
Q2 2022114$217.9M
Q1 2022121$260.2M
Q4 2021114$302.4M
Q3 2021102$250.0M
Q2 2021110$254.5M
Q1 2021106$275.2M

Institutions, Q3 2023

Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q2 2023.

Institutions holding MBIN in Q3 2023
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock Inc.1,330,632$36.9M0.00%−57,364−4.1%Reduced
Vanguard Group Inc944,185$26.2M0.00%+12,628+1.4%Added
Basswood Capital Management, L.L.C.718,178$19.9M1.51%−53,396−6.9%Reduced
Dimensional Fund Advisors LP693,330$19.2M0.01%+49,516+7.7%Added
JPMorgan Chase & Co637,092$17.7M0.00%+17,980+2.9%Added
Banc Funds Co LLC509,700$14.1M1.66%00.0%Unchanged
Geode Capital Management, LLC468,470$13.0M0.00%+15,130+3.3%Added
State Street Corp377,457$10.5M0.00%+1,361+0.4%Added
FJ Capital Management LLC309,101$8.57M0.97%+12,588+4.2%Added
Bridgeway Capital Management, LLC286,025$7.93M0.19%+9,638+3.5%Added
Valeo Financial Advisors, LLC259,899$7.20M0.33%−6,094−2.3%Reduced
PL Capital Advisors, LLC195,794$5.43M2.17%00.0%Unchanged
Bank of New York Mellon Corp194,009$5.38M0.00%−4,257−2.1%Reduced
American Century Companies Inc188,603$5.23M0.00%+18,693+11.0%Added
Hotchkis & Wiley Capital Management LLC186,820$5.18M0.02%+88,220+89.5%Added
Charles Schwab Investment Management Inc185,332$5.14M0.00%+10,211+5.8%Added
Morgan Stanley167,300$4.64M0.00%+3,560+2.2%Added
Northern Trust Corp163,390$4.53M0.00%+1,560+1.0%Added
Goldman Sachs Group Inc162,462$4.50M0.00%−45,942−22.0%Reduced
Seizert Capital Partners, LLC143,601$3.98M0.21%+4,261+3.1%Added
Invesco Ltd.142,941$3.96M0.00%+95,778+203.1%Added
First Trust Advisors LP133,433$3.70M0.00%+2,491+1.9%Added
Empowered Funds, LLC118,814$3.29M0.10%+9,638+8.8%Added
Maltese Capital Management LLC117,500$3.26M1.24%00.0%Unchanged
Millennium Management LLC116,138$3.22M0.00%+877+0.8%Added
Boston Partners111,971$3.10M0.00%−16,955−13.2%Reduced
Royal Bank of Canada109,829$3.04M0.00%+906+0.8%Added
Denali Advisors LLC80,809$2.24M0.79%00.0%Unchanged
Brandywine Global Investment Management, LLC79,871$2.21M0.02%−1,315−1.6%Reduced
Jacobs Levy Equity Management, Inc76,950$2.13M0.01%−7,435−8.8%Reduced
Los Angeles Capital Management LLC76,330$2.12M0.01%+35,280+85.9%Added
EJF Capital LLC62,932$1.74M0.77%−4,954−7.3%Reduced
Allspring Global Investments Holdings, LLC61,993$1.72M0.00%−763−1.2%Reduced
Knights of Columbus Asset Advisors LLC56,399$1.56M0.14%−780−1.4%Reduced
Assenagon Asset Management S.A.55,245$1.53M0.01%+1,382+2.6%Added
AQR Capital Management LLC51,773$1.44M0.00%+6,466+14.3%Added
Nuveen Asset Management, LLC43,761$1.21M0.00%−2,969−6.4%Reduced
Two Sigma Advisers, LP42,600$1.18M0.00%−900−2.1%Reduced
Swiss National Bank38,000$1.05M0.00%+700+1.9%Added
Raymond James & Associates34,501$956.4K0.00%+489+1.4%Added
John W. Rosenthal Capital Management, Inc.32,602$903.7K1.22%00.0%Unchanged
New York State Common Retirement Fund31,730$879.6K0.00%+50.0%Added
Two Sigma Investments, LP31,421$871.0K0.00%+9,002+40.2%Added
Martingale Asset Management L P30,645$849.5K0.02%−13,788−31.0%Reduced
Russell Investments Group, Ltd.30,635$849.2K0.00%−1,722−5.3%Reduced
Twelve Points Wealth Management LLC30,563$847.2K0.42%+1,543+5.3%Added
Janus Henderson Group PLC30,500$844.9K0.00%+794+2.7%Added
Squarepoint Ops LLC27,360$758.4K0.00%−8,584−23.9%Reduced
James Investment Research Inc26,278$728.4K0.10%00.0%Unchanged
Ameriprise Financial Inc25,933$718.9K0.00%+6,594+34.1%Added
Bank of America Corp25,075$695.1K0.00%+1,945+8.4%Added
Rhumbline Advisers24,532$680.0K0.00%+471+2.0%Added
Citadel Advisors LLC23,787$659.4K0.00%−19,524−45.1%Reduced
Campbell & CO Investment Adviser LLC22,141$613.7K0.07%−5,154−18.9%Reduced
The PNC Financial Services Group, Inc.22,030$610.7K0.00%00.0%Unchanged
STRS Ohio20,600$571.0K0.00%−1,500−6.8%Reduced
D. E. Shaw & Co., Inc.19,024$527.3K0.00%+6,985+58.0%Added
Renaissance Technologies LLC18,900$524.0K0.00%−10,500−35.7%Reduced
California State Teachers Retirement System18,797$521.1K0.00%−1,696−8.3%Reduced
Cornercap Investment Counsel Inc17,786$493.0K0.09%+17,786New
Man Group plc–$489.1K0.00%–New
State of Wisconsin Investment Board17,058$472.8K0.00%+3,041+21.7%Added
Stifel Financial Corp16,075$445.6K0.00%00.0%Unchanged
Alliancebernstein L.P.15,440$428.0K0.00%−740−4.6%Reduced
Wedge Capital Management L L P15,388$426.6K0.01%−28,162−64.7%Reduced
BCGM Wealth Management, LLC15,225$422.0K0.19%+46+0.3%Added
Credit Suisse AG15,064$417.6K0.00%−924−5.8%Reduced
Corton Capital Inc.13,875$384.6K0.19%+2,607+23.1%Added
Legal & General Group Plc13,848$383.9K0.00%−144−1.0%Reduced
Engineers Gate Manager LP13,707$380.0K0.01%−2,375−14.8%Reduced
New York Life Investment Management LLC13,651$378.4K0.00%−2,176−13.7%Reduced
Envestnet Asset Management Inc13,446$372.7K0.00%+3,994+42.3%Added
Commonwealth Equity Services, LLC13,032$361.0K0.00%00.0%Unchanged
UBS Group AG12,981$359.8K0.00%+1,682+14.9%Added
Teacher Retirement System of Texas12,938$359.0K0.00%−11−0.1%Reduced
Virginia Retirement Systems Et Al12,400$343.7K0.00%+12,400New
Wells Fargo & Company11,644$322.8K0.00%−2,579−18.1%Reduced
Oxford Financial Group Ltd11,137$308.7K0.03%00.0%Unchanged
Manufacturers Life Insurance Company, The10,814$299.8K0.00%+10,814New
Aldebaran Capital, LLC10,125$280.7K0.29%00.0%Unchanged
Public Employees Retirement System of Ohio9,940$276.0K0.00%00.0%Unchanged
Citigroup Inc9,454$262.1K0.00%−7,613−44.6%Reduced
MetLife Investment Management9,367$259.7K0.00%00.0%Unchanged
State of Tennessee, Treasury Department8,909$247.0K0.00%−4,700−34.5%Reduced
Walleye Capital LLC8,895$246.6K0.00%+8,895New
Bailard, Inc.8,200$227.3K0.01%+8,200New
Cetera Investment Advisers8,067$223.6K0.00%+8,067New
Cresset Asset Management, LLC7,911$219.9K0.00%+7,911New
American International Group, Inc.7,923$219.6K0.00%+282+3.7%Added
SEI Investments Co7,771$215.4K0.00%+7,771New
Franklin Resources Inc7,570$209.8K0.00%+7,570New
Meeder Advisory Services, Inc.7,500$207.9K0.03%+7,500New
Deutsche Bank AG7,383$204.7K0.00%00.0%Unchanged
Occudo Quantitative Strategies LP7,267$201.4K0.03%−3,069−29.7%Reduced
SG Americas Securities, LLC7,191$199.0K0.00%+7,191New
Barclays PLC5,917$164.0K0.00%−347−5.5%Reduced
Qube Research & Technologies Ltd5,861$162.5K0.00%−10,878−65.0%Reduced
BNP Paribas Arbitrage, SA5,018$139.1K0.00%−921−15.5%Reduced
Tower Research Capital LLC (TRC)4,140$114.8K0.00%+3,809+1,150.8%Added
Zurcher Kantonalbank (Zurich Cantonalbank)3,185$88.3K0.00%00.0%Unchanged