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 2025
Institutional positions in Merchants Bancorp as of Jun 30, 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
- 150
- −9 vs. Q1 2025
- Shares held
- 15.3M
- +368.5K (+2.5%) vs. Q1 2025
- Total value
- $505.0M
- −$46.1M (−8.4%) vs. Q1 2025
- New holders
- 21
- 73 more added
- Sold out
- 30
- 37 more reduced
1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2025: 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, Q2 2025
Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q1 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,853,757 | $61.3M | 0.00% | +325,833+21.3% | Added |
| Dimensional Fund Advisors LP | 1,540,306 | $50.9M | 0.01% | +148,558+10.7% | Added |
| Vanguard Group Inc | 1,355,960 | $44.8M | 0.00% | +121,995+9.9% | Added |
| Macquarie Group Ltd | 884,862 | $29.3M | 0.04% | −3,500−0.4% | Reduced |
| Royce & Associates LP | 782,412 | $25.9M | 0.27% | +95,905+14.0% | Added |
| Geode Capital Management, LLC | 681,486 | $22.5M | 0.00% | +101,139+17.4% | Added |
| American Century Companies Inc | 567,980 | $18.8M | 0.01% | +55,038+10.7% | Added |
| State Street Corp | 530,150 | $17.6M | 0.00% | +68,864+14.9% | Added |
| Invesco Ltd. | 434,320 | $14.4M | 0.00% | −46,302−9.6% | Reduced |
| Banc Funds Co LLC | 385,790 | $12.8M | 1.93% | −1250.0% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 362,520 | $12.0M | 0.04% | +61,970+20.6% | Added |
| Marshall Wace, LLP | 281,070 | $9.29M | 0.01% | −16,729−5.6% | Reduced |
| Basswood Capital Management, L.L.C. | 273,747 | $9.05M | 0.45% | −303,454−52.6% | Reduced |
| Morgan Stanley | 254,214 | $8.41M | 0.00% | −24,879−8.9% | Reduced |
| JPMorgan Chase & Co | 252,589 | $8.35M | 0.00% | −15,474−5.8% | Reduced |
| Valeo Financial Advisors, LLC | 239,482 | $7.92M | 0.19% | +14,055+6.2% | Added |
| FJ Capital Management LLC | 238,580 | $7.89M | 0.84% | −77,610−24.5% | Reduced |
| Charles Schwab Investment Management Inc | 226,232 | $7.48M | 0.00% | +23,880+11.8% | Added |
| Northern Trust Corp | 226,104 | $7.48M | 0.00% | +53,072+30.7% | Added |
| Royal Bank of Canada | 225,859 | $7.47M | 0.00% | +5,689+2.6% | Added |
| Denali Advisors LLC | 200,510 | $6.63M | 0.69% | +30,356+17.8% | Added |
| PL Capital Advisors, LLC | 188,294 | $6.23M | 2.08% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 168,781 | $5.58M | 0.00% | +24,080+16.6% | Added |
| Jacobs Levy Equity Management, Inc | 161,981 | $5.36M | 0.02% | +61,420+61.1% | Added |
| Millennium Management LLC | 154,924 | $5.12M | 0.00% | +134,642+663.8% | Added |
| Nuveen, LLC | 141,857 | $4.69M | 0.00% | −714−0.5% | Reduced |
| Bank of America Corp | 140,078 | $4.63M | 0.00% | −24,316−14.8% | Reduced |
| Ameriprise Financial Inc | 133,325 | $4.41M | 0.00% | +43,225+48.0% | Added |
| D. E. Shaw & Co., Inc. | 101,535 | $3.36M | 0.00% | +196+0.2% | Added |
| Black Maple Capital Management LP | 101,100 | $3.34M | 2.31% | +21,619+27.2% | Added |
| Raymond James Financial Inc | 83,911 | $2.77M | 0.00% | +27,397+48.5% | Added |
| UBS Asset Management Americas Inc | 81,295 | $2.69M | 0.00% | +47,440+140.1% | Added |
| Goldman Sachs Group Inc | 81,230 | $2.69M | 0.00% | −161,329−66.5% | Reduced |
| Ballast Asset Management, LP | 76,469 | $2.53M | 1.31% | +76,469 | New |
| Russell Investments Group, Ltd. | 72,128 | $2.39M | 0.00% | −14,501−16.7% | Reduced |
| New York State Common Retirement Fund | 66,434 | $2.20M | 0.00% | +11,100+20.1% | Added |
| Deutsche Bank AG | 65,722 | $2.17M | 0.00% | +24,127+58.0% | Added |
| Citadel Advisors LLC | 64,291 | $2.13M | 0.00% | +26,939+72.1% | Added |
| AQR Capital Management LLC | 63,534 | $2.10M | 0.00% | −10,438−14.1% | Reduced |
| Brandywine Global Investment Management, LLC | 58,237 | $1.93M | 0.01% | −2,400−4.0% | Reduced |
| Susquehanna International Group, LLP | 57,878 | $1.91M | 0.00% | +7,818+15.6% | Added |
| UBS Group AG | 56,168 | $1.86M | 0.00% | +1,086+2.0% | Added |
| Sapient Capital LLC | 53,491 | $1.77M | 0.03% | −4,439−7.7% | Reduced |
| Trexquant Investment LP | 53,537 | $1.77M | 0.02% | +37,337+230.5% | Added |
| Barclays PLC | 47,643 | $1.58M | 0.00% | +25,137+111.7% | Added |
| Franklin Resources Inc | 45,335 | $1.50M | 0.00% | +4,224+10.3% | Added |
| LPL Financial LLC | 40,051 | $1.32M | 0.00% | −8,378−17.3% | Reduced |
| Swiss National Bank | 39,400 | $1.30M | 0.00% | −800−2.0% | Reduced |
| Twelve Points Wealth Management LLC | 39,126 | $1.29M | 0.35% | +1,343+3.6% | Added |
| Rhumbline Advisers | 38,622 | $1.28M | 0.00% | +11,334+41.5% | Added |
| Formidable Asset Management, LLC | 34,400 | $1.27M | 0.21% | 00.0% | Unchanged |
| Jane Street Group, LLC | 37,301 | $1.23M | 0.00% | +4,427+13.5% | Added |
| Dark Forest Capital Management LP | 35,680 | $1.18M | 0.05% | +4,938+16.1% | Added |
| Jump Financial, LLC | 34,642 | $1.15M | 0.01% | +34,642 | New |
| FMR LLC | 33,400 | $1.10M | 0.00% | +722+2.2% | Added |
| Renaissance Technologies LLC | 33,000 | $1.09M | 0.00% | +3,100+10.4% | Added |
| John W. Rosenthal Capital Management, Inc. | 32,602 | $1.08M | 1.09% | 00.0% | Unchanged |
| First Trust Advisors LP | 29,286 | $968.5K | 0.00% | −49,282−62.7% | Reduced |
| XTX Topco Ltd | 27,678 | $915.3K | 0.04% | +21,407+341.4% | Added |
| Alliancebernstein L.P. | 27,530 | $910.4K | 0.00% | +9,500+52.7% | Added |
| James Investment Research Inc | 23,770 | $786.1K | 0.09% | 00.0% | Unchanged |
| Verition Fund Management LLC | 23,053 | $762.4K | 0.00% | +10,129+78.4% | Added |
| The PNC Financial Services Group, Inc. | 22,967 | $759.5K | 0.00% | +811+3.7% | Added |
| Legal & General Group Plc | 21,677 | $716.9K | 0.00% | +795+3.8% | Added |
| Price T Rowe Associates Inc | 21,341 | $706.0K | 0.00% | +4,752+28.6% | Added |
| Wells Fargo & Company | 19,624 | $649.0K | 0.00% | +5,752+41.5% | Added |
| STRS Ohio | 19,000 | $628.3K | 0.00% | +4,000+26.7% | Added |
| Qube Research & Technologies Ltd | 17,948 | $593.5K | 0.00% | −19,534−52.1% | Reduced |
| California State Teachers Retirement System | 17,745 | $586.8K | 0.00% | −1,322−6.9% | Reduced |
| BNP Paribas Arbitrage, SA | 17,268 | $571.1K | 0.00% | +15,116+702.4% | Added |
| Stifel Financial Corp | 16,160 | $534.4K | 0.00% | +85+0.5% | Added |
| Mackenzie Financial Corp | 16,157 | $534.3K | 0.00% | +4,175+34.8% | Added |
| MetLife Investment Management | 15,574 | $515.0K | 0.00% | +4,912+46.1% | Added |
| BCGM Wealth Management, LLC | 15,477 | $511.8K | 0.14% | +41+0.3% | Added |
| Public Employees Retirement System of Ohio | 14,994 | $495.9K | 0.00% | +3,858+34.6% | Added |
| Algert Global LLC | 14,863 | $491.5K | 0.01% | +5,060+51.6% | Added |
| Quantbot Technologies LP | 14,781 | $488.8K | 0.01% | +9,853+199.9% | Added |
| Impact Partnership Wealth, LLC | 14,519 | $480.1K | 0.09% | +14,519 | New |
| Advisor Group Holdings, Inc. | 14,376 | $475.3K | 0.00% | +884+6.6% | Added |
| Boston Partners | 14,222 | $470.3K | 0.00% | −28,699−66.9% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 14,215 | $470.1K | 0.00% | +3,474+32.3% | Added |
| Victory Capital Management Inc | 12,557 | $415.3K | 0.00% | +666+5.6% | Added |
| SEI Investments Co | 11,914 | $394.0K | 0.00% | −199,802−94.4% | Reduced |
| CWM Advisors, LLC | 11,784 | $389.7K | 0.04% | +11,784 | New |
| Commonwealth Equity Services, LLC | 11,718 | $388.0K | 0.00% | +411+3.6% | Added |
| Citigroup Inc | 11,327 | $374.6K | 0.00% | −3,648−24.4% | Reduced |
| Quest Partners LLC | 11,234 | $371.5K | 0.04% | +8,267+278.6% | Added |
| Oxford Financial Group Ltd | 11,137 | $368.3K | 0.02% | +11,137 | New |
| ExodusPoint Capital Management, LP | 11,142 | $368.0K | 0.00% | +11,142 | New |
| Two Sigma Investments, LP | 10,920 | $361.1K | 0.00% | +10,920 | New |
| Aldebaran Capital, LLC | 10,125 | $334.8K | 0.33% | 00.0% | Unchanged |
| Keebeck Wealth Management, LLC | 10,000 | $331.7K | 0.04% | +10,000 | New |
| Manufacturers Life Insurance Company, The | 9,891 | $327.1K | 0.00% | +1,809+22.4% | Added |
| Federated Hermes, Inc. | 9,602 | $317.5K | 0.00% | −2,807−22.6% | Reduced |
| Intech Investment Management LLC | 9,597 | $317.4K | 0.00% | −4,172−30.3% | Reduced |
| Alps Advisors Inc | 9,506 | $314.4K | 0.00% | +115+1.2% | Added |
| Yorktown Management & Research Co Inc | 8,800 | $291.0K | 0.28% | 00.0% | Unchanged |
| Sowell Financial Services LLC | 7,987 | $264.1K | 0.01% | −598−7.0% | Reduced |
| Corton Capital Inc. | 7,949 | $262.9K | 0.31% | +7,949 | New |
| Cetera Investment Advisers | 7,500 | $248.0K | 0.00% | −628−7.7% | Reduced |