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, Q3 2025
Institutional positions in Merchants Bancorp as of Sep 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
- 158
- +8 vs. Q2 2025
- Shares held
- 15.8M
- +493.5K (+3.2%) vs. Q2 2025
- Total value
- $501.3M
- −$3.74M (−0.7%) vs. Q2 2025
- New holders
- 19
- 70 more added
- Sold out
- 11
- 39 more reduced
Compare with Q2 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, Q3 2025
Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,854,044 | $59.0M | 0.00% | +2870.0% | Added |
| Dimensional Fund Advisors LP | 1,601,928 | $50.9M | 0.01% | +61,622+4.0% | Added |
| Vanguard Group Inc | 1,378,400 | $43.8M | 0.00% | +22,440+1.7% | Added |
| Macquarie Group Ltd | 897,066 | $28.5M | 0.03% | +12,204+1.4% | Added |
| Royce & Associates LP | 862,119 | $27.4M | 0.27% | +79,707+10.2% | Added |
| Geode Capital Management, LLC | 696,469 | $22.2M | 0.00% | +14,983+2.2% | Added |
| American Century Companies Inc | 630,077 | $20.0M | 0.01% | +62,097+10.9% | Added |
| State Street Corp | 548,263 | $17.5M | 0.00% | +18,113+3.4% | Added |
| Hotchkis & Wiley Capital Management LLC | 389,878 | $12.4M | 0.04% | +27,358+7.5% | Added |
| Millennium Management LLC | 365,075 | $11.6M | 0.01% | +210,151+135.6% | Added |
| Banc Funds Co LLC | 340,690 | $10.8M | 1.89% | −45,100−11.7% | Reduced |
| FJ Capital Management LLC | 297,156 | $9.45M | 1.02% | +58,576+24.6% | Added |
| Northern Trust Corp | 274,459 | $8.73M | 0.00% | +48,355+21.4% | Added |
| Basswood Capital Management, L.L.C. | 273,747 | $8.71M | 0.40% | 00.0% | Unchanged |
| Valeo Financial Advisors, LLC | 244,064 | $7.76M | 0.18% | +4,582+1.9% | Added |
| Denali Advisors LLC | 239,414 | $7.61M | 0.86% | +38,904+19.4% | Added |
| Charles Schwab Investment Management Inc | 237,047 | $7.54M | 0.00% | +10,815+4.8% | Added |
| Morgan Stanley | 234,378 | $7.45M | 0.00% | −19,836−7.8% | Reduced |
| Royal Bank of Canada | 221,261 | $7.04M | 0.00% | −4,598−2.0% | Reduced |
| PL Capital Advisors, LLC | 188,294 | $5.99M | 1.99% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 179,098 | $5.70M | 0.00% | −73,491−29.1% | Reduced |
| Two Sigma Investments, LP | 175,754 | $5.59M | 0.01% | +164,834+1,509.5% | Added |
| Bank of New York Mellon Corp | 170,641 | $5.43M | 0.00% | +1,860+1.1% | Added |
| D. E. Shaw & Co., Inc. | 146,067 | $4.64M | 0.00% | +44,532+43.9% | Added |
| Ballast Asset Management, LP | 137,887 | $4.38M | 2.00% | +61,418+80.3% | Added |
| Jacobs Levy Equity Management, Inc | 134,928 | $4.29M | 0.02% | −27,053−16.7% | Reduced |
| Black Maple Capital Management LP | 129,097 | $4.11M | 2.97% | +27,997+27.7% | Added |
| Marshall Wace, LLP | 127,002 | $4.04M | 0.00% | −154,068−54.8% | Reduced |
| Russell Investments Group, Ltd. | 106,508 | $3.39M | 0.00% | +34,380+47.7% | Added |
| Deutsche Bank AG | 95,412 | $3.03M | 0.00% | +29,690+45.2% | Added |
| Doma Perpetual Capital Management LLC | 93,833 | $2.98M | 1.00% | +93,833 | New |
| Ameriprise Financial Inc | 93,156 | $2.96M | 0.00% | −40,169−30.1% | Reduced |
| Raymond James Financial Inc | 91,111 | $2.90M | 0.00% | +7,200+8.6% | Added |
| Citadel Advisors LLC | 83,776 | $2.66M | 0.00% | +19,485+30.3% | Added |
| Goldman Sachs Group Inc | 82,149 | $2.61M | 0.00% | +919+1.1% | Added |
| New York State Common Retirement Fund | 75,634 | $2.41M | 0.00% | +9,200+13.8% | Added |
| Bank of America Corp | 72,970 | $2.32M | 0.00% | −67,108−47.9% | Reduced |
| Jane Street Group, LLC | 61,351 | $1.95M | 0.00% | +24,050+64.5% | Added |
| Walleye Capital LLC | 60,835 | $1.93M | 0.02% | +60,835 | New |
| Renaissance Technologies LLC | 58,400 | $1.86M | 0.00% | +25,400+77.0% | Added |
| Brandywine Global Investment Management, LLC | 56,126 | $1.78M | 0.01% | −2,111−3.6% | Reduced |
| Sapient Capital LLC | 53,491 | $1.72M | 0.03% | 00.0% | Unchanged |
| ExodusPoint Capital Management, LP | 53,323 | $1.70M | 0.02% | +42,181+378.6% | Added |
| Trexquant Investment LP | 49,895 | $1.59M | 0.02% | −3,642−6.8% | Reduced |
| Dark Forest Capital Management LP | 49,723 | $1.58M | 0.06% | +14,043+39.4% | Added |
| Nuveen, LLC | 48,371 | $1.54M | 0.00% | −93,486−65.9% | Reduced |
| Invesco Ltd. | 45,151 | $1.44M | 0.00% | −389,169−89.6% | Reduced |
| BNP Paribas Arbitrage, SA | 44,274 | $1.41M | 0.00% | +27,006+156.4% | Added |
| Verition Fund Management LLC | 42,073 | $1.34M | 0.01% | +19,020+82.5% | Added |
| UBS Group AG | 40,989 | $1.30M | 0.00% | −15,179−27.0% | Reduced |
| Swiss National Bank | 40,000 | $1.27M | 0.00% | +600+1.5% | Added |
| LPL Financial LLC | 39,780 | $1.27M | 0.00% | −271−0.7% | Reduced |
| FMR LLC | 38,315 | $1.22M | 0.00% | +4,915+14.7% | Added |
| Jump Financial, LLC | 37,900 | $1.21M | 0.02% | +3,258+9.4% | Added |
| Rhumbline Advisers | 37,817 | $1.20M | 0.00% | −805−2.1% | Reduced |
| Two Sigma Advisers, LP | 37,200 | $1.18M | 0.00% | +37,200 | New |
| Barclays PLC | 36,525 | $1.16M | 0.00% | −11,118−23.3% | Reduced |
| EJF Capital LLC | 36,297 | $1.15M | 0.67% | +36,297 | New |
| Formidable Asset Management, LLC | 34,400 | $1.14M | 0.18% | 00.0% | Unchanged |
| Twelve Points Wealth Management LLC | 35,097 | $1.12M | 0.28% | −4,029−10.3% | Reduced |
| AQR Capital Management LLC | 34,134 | $1.09M | 0.00% | −29,400−46.3% | Reduced |
| The PNC Financial Services Group, Inc. | 31,883 | $1.01M | 0.00% | +8,916+38.8% | Added |
| Algert Global LLC | 29,303 | $931.8K | 0.02% | +14,440+97.2% | Added |
| XTX Topco Ltd | 29,057 | $924.0K | 0.05% | +1,379+5.0% | Added |
| Y-Intercept (Hong Kong) Ltd | 27,630 | $878.6K | 0.02% | +27,630 | New |
| Alliancebernstein L.P. | 27,530 | $875.5K | 0.00% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 27,012 | $859.0K | 0.00% | +27,012 | New |
| First Trust Advisors LP | 25,264 | $803.4K | 0.00% | −4,022−13.7% | Reduced |
| UBS Asset Management Americas Inc | 24,886 | $791.4K | 0.00% | −56,409−69.4% | Reduced |
| James Investment Research Inc | 23,770 | $755.9K | 0.08% | 00.0% | Unchanged |
| Quantinno Capital Management LP | 23,201 | $737.8K | 0.00% | +16,364+239.3% | Added |
| Wells Fargo & Company | 22,865 | $727.1K | 0.00% | +3,241+16.5% | Added |
| Legal & General Group Plc | 22,676 | $721.1K | 0.00% | +999+4.6% | Added |
| Price T Rowe Associates Inc | 22,002 | $700.0K | 0.00% | +661+3.1% | Added |
| STRS Ohio | 20,700 | $658.3K | 0.00% | +1,700+8.9% | Added |
| California State Teachers Retirement System | 19,369 | $615.9K | 0.00% | +1,624+9.2% | Added |
| Mackenzie Financial Corp | 19,062 | $606.2K | 0.00% | +2,905+18.0% | Added |
| HRT Financial LP | 18,288 | $581.0K | 0.00% | +18,288 | New |
| Susquehanna International Group, LLP | 18,108 | $575.8K | 0.00% | −39,770−68.7% | Reduced |
| Quantbot Technologies LP | 18,095 | $575.4K | 0.02% | +3,314+22.4% | Added |
| Franklin Resources Inc | 17,420 | $554.0K | 0.00% | −27,915−61.6% | Reduced |
| Boston Partners | 16,278 | $517.6K | 0.00% | +2,056+14.5% | Added |
| Stifel Financial Corp | 16,168 | $514.1K | 0.00% | +80.0% | Added |
| Semanteon Capital Management, LP | 16,129 | $512.9K | 0.64% | +16,129 | New |
| Manufacturers Life Insurance Company, The | 15,656 | $497.9K | 0.00% | +5,765+58.3% | Added |
| MetLife Investment Management | 15,574 | $495.3K | 0.00% | 00.0% | Unchanged |
| BCGM Wealth Management, LLC | 15,477 | $492.2K | 0.13% | 00.0% | Unchanged |
| Pacific Ridge Capital Partners, LLC | 15,224 | $484.1K | 0.11% | +15,224 | New |
| Public Employees Retirement System of Ohio | 14,994 | $476.8K | 0.00% | 00.0% | Unchanged |
| Quest Partners LLC | 14,828 | $471.5K | 0.03% | +3,594+32.0% | Added |
| Advisor Group Holdings, Inc. | 14,707 | $471.3K | 0.00% | +331+2.3% | Added |
| Impact Partnership Wealth, LLC | 14,519 | $461.7K | 0.07% | 00.0% | Unchanged |
| CWM Advisors, LLC | 14,334 | $455.8K | 0.04% | +2,550+21.6% | Added |
| Victory Capital Management Inc | 13,675 | $434.9K | 0.00% | +1,118+8.9% | Added |
| SEI Investments Co | 13,471 | $428.4K | 0.00% | +1,557+13.1% | Added |
| Balyasny Asset Management LLC | 13,043 | $414.8K | 0.00% | +13,043 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 12,160 | $386.7K | 0.00% | −2,055−14.5% | Reduced |
| Qube Research & Technologies Ltd | 11,805 | $375.4K | 0.00% | −6,143−34.2% | Reduced |
| Commonwealth Equity Services, LLC | 11,786 | $375.0K | 0.00% | +68+0.6% | Added |
| Aquatic Capital Management LLC | 11,407 | $362.7K | 0.01% | +11,407 | New |