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, Q1 2025
Institutional positions in Merchants Bancorp as of Mar 31, 2025. 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
- 160
- −9 vs. Q4 2024
- Shares held
- 14.9M
- −26.9M (−64.3%) vs. Q4 2024
- Total value
- $551.1M
- −$972.7M (−63.8%) vs. Q4 2024
- New holders
- 20
- 60 more added
- Sold out
- 29
- 55 more reduced
1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2024: 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 | $548.2M |
| Q3 2025 | 158 | $501.3M |
| Q2 2025 | 150 | $505.0M |
| Q1 2025 | 160 | $551.1M |
| Q4 2024 | 170 | $1.53B |
| Q3 2024 | 174 | $654.3M |
| Q2 2024 | 174 | $589.0M |
| Q1 2024 | 173 | $515.7M |
| Q4 2023 | 164 | $509.8M |
| Q3 2023 | 122 | $296.1M |
| Q2 2023 | 114 | $271.5M |
| Q1 2023 | 125 | $267.8M |
| Q4 2022 | 114 | $246.7M |
| Q3 2022 | 121 | $229.8M |
| Q2 2022 | 114 | $217.9M |
| Q1 2022 | 121 | $260.2M |
| Q4 2021 | 114 | $302.4M |
| Q3 2021 | 102 | $250.0M |
| Q2 2021 | 110 | $254.5M |
| Q1 2021 | 106 | $275.2M |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,527,924 | $56.5M | 0.00% | +2,564+0.2% | Added |
| Dimensional Fund Advisors LP | 1,391,748 | $51.5M | 0.01% | +124,639+9.8% | Added |
| Vanguard Group Inc | 1,233,965 | $45.7M | 0.00% | +26,111+2.2% | Added |
| Macquarie Group Ltd | 888,362 | $32.9M | 0.04% | +627,540+240.6% | Added |
| Royce & Associates LP | 686,507 | $25.4M | 0.28% | +120,262+21.2% | Added |
| Geode Capital Management, LLC | 580,347 | $21.5M | 0.00% | +14,686+2.6% | Added |
| Basswood Capital Management, L.L.C. | 577,201 | $21.4M | 1.20% | −4,552−0.8% | Reduced |
| American Century Companies Inc | 512,942 | $19.0M | 0.01% | +38,038+8.0% | Added |
| Invesco Ltd. | 480,622 | $17.8M | 0.00% | +9,192+1.9% | Added |
| State Street Corp | 461,286 | $17.1M | 0.00% | −6,339−1.4% | Reduced |
| Banc Funds Co LLC | 385,915 | $14.3M | 1.88% | −14,700−3.7% | Reduced |
| FJ Capital Management LLC | 316,190 | $11.7M | 1.21% | +316,190 | New |
| Hotchkis & Wiley Capital Management LLC | 300,550 | $11.1M | 0.04% | +59,170+24.5% | Added |
| Marshall Wace, LLP | 297,799 | $11.0M | 0.01% | +50,920+20.6% | Added |
| Janus Henderson Group PLC | 286,170 | $10.6M | 0.01% | +257,863+911.0% | Added |
| Morgan Stanley | 279,093 | $10.3M | 0.00% | −12,421−4.3% | Reduced |
| JPMorgan Chase & Co | 268,063 | $9.92M | 0.00% | −12,879−4.6% | Reduced |
| Goldman Sachs Group Inc | 242,559 | $8.97M | 0.00% | −236,793−49.4% | Reduced |
| Valeo Financial Advisors, LLC | 225,427 | $8.34M | 0.23% | +80.0% | Added |
| Royal Bank of Canada | 220,170 | $8.15M | 0.00% | +2,101+1.0% | Added |
| SEI Investments Co | 211,716 | $7.83M | 0.01% | +1,924+0.9% | Added |
| Charles Schwab Investment Management Inc | 202,352 | $7.49M | 0.00% | −4,930−2.4% | Reduced |
| PL Capital Advisors, LLC | 188,294 | $6.97M | 2.34% | 00.0% | Unchanged |
| Northern Trust Corp | 173,032 | $6.40M | 0.00% | −6,157−3.4% | Reduced |
| Denali Advisors LLC | 170,154 | $6.30M | 0.72% | −12,452−6.8% | Reduced |
| Bank of America Corp | 164,394 | $6.08M | 0.00% | +132,893+421.9% | Added |
| Bank of New York Mellon Corp | 144,701 | $5.35M | 0.00% | +899+0.6% | Added |
| Nuveen, LLC | 142,571 | $5.28M | 0.00% | +142,571 | New |
| D. E. Shaw & Co., Inc. | 101,339 | $3.75M | 0.00% | +43,585+75.5% | Added |
| Jacobs Levy Equity Management, Inc | 100,561 | $3.72M | 0.01% | −7,337−6.8% | Reduced |
| Ameriprise Financial Inc | 90,100 | $3.33M | 0.00% | +7,900+9.6% | Added |
| Russell Investments Group, Ltd. | 86,629 | $3.21M | 0.00% | +31,433+56.9% | Added |
| Black Maple Capital Management LP | 79,481 | $2.94M | 2.31% | +61,924+352.7% | Added |
| First Trust Advisors LP | 78,568 | $2.91M | 0.00% | −57,761−42.4% | Reduced |
| AQR Capital Management LLC | 73,972 | $2.74M | 0.00% | −10,418−12.3% | Reduced |
| Brandywine Global Investment Management, LLC | 60,637 | $2.24M | 0.02% | −2,510−4.0% | Reduced |
| Sapient Capital LLC | 57,930 | $2.15M | 0.04% | −16,173−21.8% | Reduced |
| Raymond James Financial Inc | 56,514 | $2.09M | 0.00% | −920−1.6% | Reduced |
| New York State Common Retirement Fund | 55,334 | $2.05M | 0.00% | −5,200−8.6% | Reduced |
| UBS Group AG | 55,082 | $2.04M | 0.00% | +17,568+46.8% | Added |
| Susquehanna International Group, LLP | 50,060 | $1.85M | 0.00% | +22,224+79.8% | Added |
| LPL Financial LLC | 48,429 | $1.79M | 0.00% | +526+1.1% | Added |
| Knights of Columbus Asset Advisors LLC | 45,480 | $1.68M | 0.12% | −17,398−27.7% | Reduced |
| Deutsche Bank AG | 41,595 | $1.54M | 0.00% | +26,022+167.1% | Added |
| Franklin Resources Inc | 41,111 | $1.52M | 0.00% | +893+2.2% | Added |
| Swiss National Bank | 40,200 | $1.49M | 0.00% | 00.0% | Unchanged |
| Boston Partners | 42,921 | $1.45M | 0.00% | −294,314−87.3% | Reduced |
| Twelve Points Wealth Management LLC | 37,783 | $1.40M | 0.38% | +1,969+5.5% | Added |
| Jackson Creek Investment Advisors LLC | 37,507 | $1.39M | 0.44% | +37,507 | New |
| Qube Research & Technologies Ltd | 37,482 | $1.39M | 0.00% | −41,318−52.4% | Reduced |
| Citadel Advisors LLC | 37,352 | $1.38M | 0.00% | −147,874−79.8% | Reduced |
| Formidable Asset Management, LLC | 34,400 | $1.27M | 0.21% | 00.0% | Unchanged |
| UBS Asset Management Americas Inc | 33,855 | $1.25M | 0.00% | +9,328+38.0% | Added |
| Jane Street Group, LLC | 32,874 | $1.22M | 0.00% | +12,361+60.3% | Added |
| FMR LLC | 32,678 | $1.21M | 0.00% | +31,384+2,425.3% | Added |
| John W. Rosenthal Capital Management, Inc. | 32,602 | $1.21M | 1.22% | 00.0% | Unchanged |
| Dark Forest Capital Management LP | 30,742 | $1.14M | 0.05% | +12,226+66.0% | Added |
| Renaissance Technologies LLC | 29,900 | $1.11M | 0.00% | −57,300−65.7% | Reduced |
| Rhumbline Advisers | 27,288 | $1.01M | 0.00% | −1,465−5.1% | Reduced |
| Wakefield Asset Management LLLP | 26,886 | $994.9K | 0.30% | +26,886 | New |
| James Investment Research Inc | 23,770 | $879.5K | 0.11% | 00.0% | Unchanged |
| Barclays PLC | 22,506 | $832.7K | 0.00% | −9,175−29.0% | Reduced |
| Advisor Resource Council | 23,876 | $830.3K | 0.07% | +23,876 | New |
| The PNC Financial Services Group, Inc. | 22,156 | $819.8K | 0.00% | +126+0.6% | Added |
| Legal & General Group Plc | 20,882 | $772.6K | 0.00% | −934−4.3% | Reduced |
| Millennium Management LLC | 20,282 | $750.4K | 0.00% | −105,805−83.9% | Reduced |
| California State Teachers Retirement System | 19,067 | $705.5K | 0.00% | 00.0% | Unchanged |
| Alliancebernstein L.P. | 18,030 | $667.1K | 0.00% | 00.0% | Unchanged |
| Price T Rowe Associates Inc | 16,589 | $614.0K | 0.00% | +9,726+141.7% | Added |
| Semanteon Capital Management, LP | 16,333 | $604.3K | 0.33% | +1,992+13.9% | Added |
| Trexquant Investment LP | 16,200 | $599.4K | 0.01% | −35,242−68.5% | Reduced |
| Stifel Financial Corp | 16,075 | $594.8K | 0.00% | 00.0% | Unchanged |
| BCGM Wealth Management, LLC | 15,436 | $571.1K | 0.18% | +38+0.2% | Added |
| Tudor Investment Corp Et Al | 15,239 | $563.8K | 0.01% | −16,809−52.4% | Reduced |
| STRS Ohio | 15,000 | $555.0K | 0.00% | −2,200−12.8% | Reduced |
| Citigroup Inc | 14,975 | $554.1K | 0.00% | −19,519−56.6% | Reduced |
| Wells Fargo & Company | 13,872 | $513.2K | 0.00% | +262+1.9% | Added |
| Intech Investment Management LLC | 13,769 | $509.5K | 0.01% | +3,329+31.9% | Added |
| Advisor Group Holdings, Inc. | 13,492 | $499.2K | 0.00% | +1,684+14.3% | Added |
| Verition Fund Management LLC | 12,924 | $478.2K | 0.00% | +5,200+67.3% | Added |
| Federated Hermes, Inc. | 12,409 | $459.1K | 0.00% | −9,247−42.7% | Reduced |
| NewEdge Wealth, LLC | 12,384 | $458.2K | 0.01% | +2,199+21.6% | Added |
| Engineers Gate Manager LP | 12,246 | $453.1K | 0.01% | +3,846+45.8% | Added |
| Nebula Research & Development LLC | 12,002 | $444.1K | 0.04% | +980+8.9% | Added |
| Mackenzie Financial Corp | 11,982 | $443.3K | 0.00% | +1,160+10.7% | Added |
| Victory Capital Management Inc | 11,891 | $440.0K | 0.00% | +432+3.8% | Added |
| HRT Financial LP | 11,532 | $426.0K | 0.00% | −23,741−67.3% | Reduced |
| Creative Planning | 11,447 | $423.5K | 0.00% | +5,422+90.0% | Added |
| Commonwealth Equity Services, LLC | 11,307 | $418.0K | 0.00% | +50.0% | Added |
| Public Employees Retirement System of Ohio | 11,136 | $412.0K | 0.00% | −1,681−13.1% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 10,741 | $397.4K | 0.00% | +449+4.4% | Added |
| MetLife Investment Management | 10,662 | $394.5K | 0.00% | −164−1.5% | Reduced |
| Aldebaran Capital, LLC | 10,125 | $374.6K | 0.35% | 00.0% | Unchanged |
| Algert Global LLC | 9,803 | $362.7K | 0.01% | +9,803 | New |
| Alps Advisors Inc | 9,391 | $347.5K | 0.00% | +1,399+17.5% | Added |
| Corebridge Financial, Inc. | 8,862 | $327.9K | 0.00% | −131−1.5% | Reduced |
| Yorktown Management & Research Co Inc | 8,800 | $325.6K | 0.35% | 00.0% | Unchanged |
| Westwood Holdings Group Inc. | 8,614 | $318.7K | 0.00% | −793−8.4% | Reduced |
| Sowell Financial Services LLC | 8,585 | $317.6K | 0.01% | +8,585 | New |
| Virtus ETF Advisers LLC | 8,350 | $308.9K | 0.20% | +8,350 | New |