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 |
|---|---|---|---|---|---|
| SBI Securities Co., Ltd. | 1 | $37 | 0.00% | −23−95.8% | Reduced |
| Atwood & Palmer Inc | 1 | $37 | 0.00% | 00.0% | Unchanged |
| Farther Finance Advisors, LLC | 1 | $37 | 0.00% | 00.0% | Unchanged |
| Bruce G. Allen Investments, LLC | 6 | $222 | 0.00% | −5−45.5% | Reduced |
| Allworth Financial LP | 9 | $297 | 0.00% | +9 | New |
| Stephens Consulting, LLC | 10 | $370 | 0.00% | +10 | New |
| Caitong International Asset Management Co., Ltd | 12 | $444 | 0.00% | +12 | New |
| Nisa Investment Advisors, LLC | 19 | $705 | 0.00% | 00.0% | Unchanged |
| Rise Advisors, LLC | 24 | $888 | 0.00% | +24 | New |
| Quarry LP | 36 | $1.33K | 0.00% | +36 | New |
| Rothschild Investment LLC | 50 | $1.85K | 0.00% | +40+400.0% | Added |
| EverSource Wealth Advisors, LLC | 50 | $1.85K | 0.00% | +49+4,900.0% | Added |
| Coldstream Capital Management Inc | 63 | $2.33K | 0.00% | +63 | New |
| Lindbrook Capital, LLC | 73 | $2.70K | 0.00% | +17+30.4% | Added |
| Parallel Advisors, LLC | 75 | $2.77K | 0.00% | +9+13.6% | Added |
| Covestor Ltd | 81 | $3.00K | 0.00% | +7+9.5% | Added |
| True Wealth Design, LLC | 102 | $3.77K | 0.00% | +39+61.9% | Added |
| Steward Partners Investment Advisory, LLC | 115 | $4.25K | 0.00% | 00.0% | Unchanged |
| Skopos Labs, Inc. | 144 | $5.33K | 0.00% | +144 | New |
| GAMMA Investing LLC | 194 | $7.18K | 0.00% | +36+22.8% | Added |
| McIlrath & Eck, LLC | 230 | $8.51K | 0.00% | 00.0% | Unchanged |
| First Horizon Advisors, Inc. | 265 | $9.80K | 0.00% | +265 | New |
| Sterling Capital Management LLC | 312 | $11.5K | 0.00% | −269−46.3% | Reduced |
| Capital Advisors, Ltd. LLC | 318 | $12.0K | 0.00% | 00.0% | Unchanged |
| Quadrant Capital Group LLC | 369 | $13.7K | 0.00% | −1−0.3% | Reduced |
| Comerica Bank | 523 | $19.3K | 0.00% | −2−0.4% | Reduced |
| Picton Mahoney Asset Management | 571 | $21.0K | 0.00% | +313+121.3% | Added |
| Parkside Financial Bank & Trust | 583 | $21.6K | 0.00% | −461−44.2% | Reduced |
| MeadowBrook Investment Advisors LLC | 600 | $22.2K | 0.02% | 00.0% | Unchanged |
| GWM Advisors LLC | 608 | $22.5K | 0.00% | +608 | New |
| Amalgamated Bank | 625 | $23.0K | 0.00% | +67+12.0% | Added |
| Signaturefd, LLC | 731 | $27.0K | 0.00% | +472+182.2% | Added |
| Tower Research Capital LLC (TRC) | 1,048 | $38.8K | 0.00% | −2,511−70.6% | Reduced |
| CWM, LLC | 1,358 | $50.0K | 0.00% | +853+168.9% | Added |
| Ameritas Investment Partners, Inc. | 1,832 | $67.8K | 0.00% | 00.0% | Unchanged |
| BNP Paribas Arbitrage, SA | 2,152 | $79.6K | 0.00% | −24,583−92.0% | Reduced |
| Great West Life Assurance Co | 2,191 | $81.0K | 0.00% | 00.0% | Unchanged |
| Catalyst Capital Advisors LLC | 2,450 | $90.7K | 0.00% | 00.0% | Unchanged |
| Bank of Jackson Hole Trust | 2,257 | $91.9K | 0.06% | 00.0% | Unchanged |
| Aquatic Capital Management LLC | 2,789 | $103.2K | 0.00% | −4,391−61.2% | Reduced |
| Quest Partners LLC | 2,967 | $109.8K | 0.01% | −130−4.2% | Reduced |
| US Bancorp | 3,009 | $111.3K | 0.00% | −2,872−48.8% | Reduced |
| KLP Kapitalforvaltning AS | 3,550 | $131.7K | 0.00% | −6,700−65.4% | Reduced |
| Matrix Trust Co | 3,830 | $142.0K | 0.02% | +1,188+45.0% | Added |
| Police & Firemen's Retirement System of New Jersey | 3,863 | $142.9K | 0.00% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 4,755 | $175.9K | 0.00% | 00.0% | Unchanged |
| Quantbot Technologies LP | 4,928 | $182.3K | 0.01% | −12,334−71.5% | Reduced |
| Advisory Services Network, LLC | 5,753 | $212.9K | 0.00% | −860−13.0% | Reduced |
| Arizona State Retirement System | 5,895 | $218.1K | 0.00% | −72−1.2% | Reduced |
| Brevan Howard Capital Management LP | 5,906 | $218.5K | 0.01% | +5,906 | New |
| Eqis Capital Management, Inc. | 5,939 | $219.8K | 0.02% | −658−10.0% | Reduced |
| SG Americas Securities, LLC | 5,963 | $221.0K | 0.00% | −1,728−22.5% | Reduced |
| XTX Topco Ltd | 6,271 | $232.0K | 0.01% | −4,463−41.6% | Reduced |
| Harbor Capital Advisors, Inc. | 6,641 | $246.0K | 0.01% | +1,402+26.8% | Added |
| Peloton Wealth Strategists | 6,735 | $249.0K | 0.10% | 00.0% | Unchanged |
| Capula Management Ltd | 7,480 | $276.8K | 0.00% | +7,480 | New |
| Meeder Advisory Services, Inc. | 7,500 | $277.5K | 0.02% | 00.0% | Unchanged |
| Susquehanna Fundamental Investments, LLC | 7,600 | $281.2K | 0.00% | +7,600 | New |
| Manufacturers Life Insurance Company, The | 8,082 | $299.0K | 0.00% | −4,680−36.7% | Reduced |
| Cetera Investment Advisers | 8,128 | $300.7K | 0.00% | −1,672−17.1% | Reduced |
| Virtus ETF Advisers LLC | 8,350 | $308.9K | 0.20% | +8,350 | New |
| Sowell Financial Services LLC | 8,585 | $317.6K | 0.01% | +8,585 | New |
| Westwood Holdings Group Inc. | 8,614 | $318.7K | 0.00% | −793−8.4% | Reduced |
| Yorktown Management & Research Co Inc | 8,800 | $325.6K | 0.35% | 00.0% | Unchanged |
| Corebridge Financial, Inc. | 8,862 | $327.9K | 0.00% | −131−1.5% | Reduced |
| Alps Advisors Inc | 9,391 | $347.5K | 0.00% | +1,399+17.5% | Added |
| Algert Global LLC | 9,803 | $362.7K | 0.01% | +9,803 | New |
| Aldebaran Capital, LLC | 10,125 | $374.6K | 0.35% | 00.0% | Unchanged |
| MetLife Investment Management | 10,662 | $394.5K | 0.00% | −164−1.5% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 10,741 | $397.4K | 0.00% | +449+4.4% | Added |
| Public Employees Retirement System of Ohio | 11,136 | $412.0K | 0.00% | −1,681−13.1% | Reduced |
| Commonwealth Equity Services, LLC | 11,307 | $418.0K | 0.00% | +50.0% | Added |
| Creative Planning | 11,447 | $423.5K | 0.00% | +5,422+90.0% | Added |
| HRT Financial LP | 11,532 | $426.0K | 0.00% | −23,741−67.3% | Reduced |
| Victory Capital Management Inc | 11,891 | $440.0K | 0.00% | +432+3.8% | Added |
| Mackenzie Financial Corp | 11,982 | $443.3K | 0.00% | +1,160+10.7% | Added |
| Nebula Research & Development LLC | 12,002 | $444.1K | 0.04% | +980+8.9% | Added |
| Engineers Gate Manager LP | 12,246 | $453.1K | 0.01% | +3,846+45.8% | Added |
| NewEdge Wealth, LLC | 12,384 | $458.2K | 0.01% | +2,199+21.6% | Added |
| Federated Hermes, Inc. | 12,409 | $459.1K | 0.00% | −9,247−42.7% | Reduced |
| Verition Fund Management LLC | 12,924 | $478.2K | 0.00% | +5,200+67.3% | Added |
| Advisor Group Holdings, Inc. | 13,492 | $499.2K | 0.00% | +1,684+14.3% | Added |
| Intech Investment Management LLC | 13,769 | $509.5K | 0.01% | +3,329+31.9% | Added |
| Wells Fargo & Company | 13,872 | $513.2K | 0.00% | +262+1.9% | Added |
| Citigroup Inc | 14,975 | $554.1K | 0.00% | −19,519−56.6% | Reduced |
| STRS Ohio | 15,000 | $555.0K | 0.00% | −2,200−12.8% | Reduced |
| Tudor Investment Corp Et Al | 15,239 | $563.8K | 0.01% | −16,809−52.4% | Reduced |
| BCGM Wealth Management, LLC | 15,436 | $571.1K | 0.18% | +38+0.2% | Added |
| Stifel Financial Corp | 16,075 | $594.8K | 0.00% | 00.0% | Unchanged |
| Trexquant Investment LP | 16,200 | $599.4K | 0.01% | −35,242−68.5% | Reduced |
| Semanteon Capital Management, LP | 16,333 | $604.3K | 0.33% | +1,992+13.9% | Added |
| Price T Rowe Associates Inc | 16,589 | $614.0K | 0.00% | +9,726+141.7% | Added |
| Alliancebernstein L.P. | 18,030 | $667.1K | 0.00% | 00.0% | Unchanged |
| California State Teachers Retirement System | 19,067 | $705.5K | 0.00% | 00.0% | Unchanged |
| Millennium Management LLC | 20,282 | $750.4K | 0.00% | −105,805−83.9% | Reduced |
| Legal & General Group Plc | 20,882 | $772.6K | 0.00% | −934−4.3% | Reduced |
| The PNC Financial Services Group, Inc. | 22,156 | $819.8K | 0.00% | +126+0.6% | Added |
| Advisor Resource Council | 23,876 | $830.3K | 0.07% | +23,876 | New |
| Barclays PLC | 22,506 | $832.7K | 0.00% | −9,175−29.0% | Reduced |
| James Investment Research Inc | 23,770 | $879.5K | 0.11% | 00.0% | Unchanged |