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, Q4 2025
Institutional positions in Merchants Bancorp as of Dec 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
- 151
- −7 vs. Q3 2025
- Shares held
- 16.1M
- +336.5K (+2.1%) vs. Q3 2025
- Total value
- $548.2M
- +$46.9M (+9.4%) vs. Q3 2025
- New holders
- 16
- 56 more added
- Sold out
- 23
- 56 more reduced
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,881,468 | $64.1M | 0.00% | +27,424+1.5% | Added |
| Dimensional Fund Advisors LP | 1,656,898 | $56.4M | 0.01% | +54,970+3.4% | Added |
| Vanguard Group Inc | 1,414,584 | $48.2M | 0.00% | +36,184+2.6% | Added |
| Doma Perpetual Capital Management LLC | 1,115,594 | $38.0M | 10.68% | +1,021,761+1,088.9% | Added |
| Nomura Asset Management International Inc. | 1,110,383 | $37.8M | 0.06% | +1,110,383 | New |
| Royce & Associates LP | 808,314 | $27.5M | 0.28% | −53,805−6.2% | Reduced |
| Geode Capital Management, LLC | 715,394 | $24.4M | 0.00% | +18,925+2.7% | Added |
| American Century Companies Inc | 675,517 | $23.0M | 0.01% | +45,440+7.2% | Added |
| State Street Corp | 574,086 | $19.6M | 0.00% | +25,823+4.7% | Added |
| Hotchkis & Wiley Capital Management LLC | 391,068 | $13.3M | 0.04% | +1,190+0.3% | Added |
| Basswood Capital Management, L.L.C. | 273,747 | $9.32M | 0.41% | 00.0% | Unchanged |
| Northern Trust Corp | 256,199 | $8.73M | 0.00% | −18,260−6.7% | Reduced |
| Morgan Stanley | 254,779 | $8.68M | 0.00% | +20,401+8.7% | Added |
| Banc Funds Co LLC | 244,462 | $8.33M | 1.65% | −96,228−28.2% | Reduced |
| Valeo Financial Advisors, LLC | 244,108 | $8.31M | 0.18% | +440.0% | Added |
| Denali Advisors LLC | 237,614 | $8.09M | 0.90% | −1,800−0.8% | Reduced |
| Charles Schwab Investment Management Inc | 234,637 | $7.99M | 0.00% | −2,410−1.0% | Reduced |
| Royal Bank of Canada | 205,953 | $7.01M | 0.00% | −15,308−6.9% | Reduced |
| D. E. Shaw & Co., Inc. | 180,308 | $6.14M | 0.00% | +34,241+23.4% | Added |
| Bank of New York Mellon Corp | 164,371 | $5.60M | 0.00% | −6,270−3.7% | Reduced |
| Goldman Sachs Group Inc | 162,285 | $5.53M | 0.00% | +80,136+97.5% | Added |
| First Trust Advisors LP | 141,145 | $4.81M | 0.00% | +115,881+458.7% | Added |
| Marshall Wace, LLP | 140,168 | $4.77M | 0.00% | +13,166+10.4% | Added |
| Qube Research & Technologies Ltd | 139,256 | $4.74M | 0.01% | +127,451+1,079.6% | Added |
| Ballast Asset Management, LP | 133,296 | $4.54M | 2.14% | −4,591−3.3% | Reduced |
| Millennium Management LLC | 128,011 | $4.36M | 0.00% | −237,064−64.9% | Reduced |
| Russell Investments Group, Ltd. | 122,690 | $4.18M | 0.00% | +16,182+15.2% | Added |
| JPMorgan Chase & Co | 101,714 | $3.46M | 0.00% | −77,384−43.2% | Reduced |
| Raymond James Financial Inc | 83,629 | $2.85M | 0.00% | −7,482−8.2% | Reduced |
| Black Maple Capital Management LP | 82,092 | $2.80M | 2.09% | −47,005−36.4% | Reduced |
| Two Sigma Investments, LP | 80,276 | $2.73M | 0.00% | −95,478−54.3% | Reduced |
| UBS Group AG | 75,592 | $2.57M | 0.00% | +34,603+84.4% | Added |
| Sapient Capital LLC | 75,521 | $2.55M | 0.04% | +22,030+41.2% | Added |
| New York State Common Retirement Fund | 71,034 | $2.42M | 0.00% | −4,600−6.1% | Reduced |
| Deutsche Bank AG | 68,731 | $2.34M | 0.00% | −26,681−28.0% | Reduced |
| Trexquant Investment LP | 67,660 | $2.30M | 0.02% | +17,765+35.6% | Added |
| Y-Intercept (Hong Kong) Ltd | 66,816 | $2.28M | 0.05% | +39,186+141.8% | Added |
| Bank of America Corp | 63,775 | $2.17M | 0.00% | −9,195−12.6% | Reduced |
| HRT Financial LP | 59,224 | $2.02M | 0.01% | +40,936+223.8% | Added |
| UBS Asset Management Americas Inc | 58,969 | $2.01M | 0.00% | +34,083+137.0% | Added |
| Dark Forest Capital Management LP | 57,154 | $1.95M | 0.09% | +7,431+14.9% | Added |
| Mackenzie Financial Corp | 57,324 | $1.93M | 0.00% | +38,262+200.7% | Added |
| SEI Investments Co | 55,924 | $1.90M | 0.00% | +42,453+315.1% | Added |
| Man Group plc | 55,832 | $1.90M | 0.00% | +55,832 | New |
| Brandywine Global Investment Management, LLC | 53,926 | $1.84M | 0.01% | −2,200−3.9% | Reduced |
| FMR LLC | 50,055 | $1.70M | 0.00% | +11,740+30.6% | Added |
| Nuveen, LLC | 46,718 | $1.59M | 0.00% | −1,653−3.4% | Reduced |
| Invesco Ltd. | 45,818 | $1.56M | 0.00% | +667+1.5% | Added |
| Renaissance Technologies LLC | 45,300 | $1.54M | 0.00% | −13,100−22.4% | Reduced |
| Ameriprise Financial Inc | 44,050 | $1.50M | 0.00% | −49,106−52.7% | Reduced |
| AQR Capital Management LLC | 41,872 | $1.43M | 0.00% | +7,738+22.7% | Added |
| Swiss National Bank | 40,700 | $1.39M | 0.00% | +700+1.8% | Added |
| Barclays PLC | 40,404 | $1.38M | 0.00% | +3,879+10.6% | Added |
| LPL Financial LLC | 36,792 | $1.25M | 0.00% | −2,988−7.5% | Reduced |
| Quest Partners LLC | 35,063 | $1.19M | 0.07% | +20,235+136.5% | Added |
| Quantinno Capital Management LP | 34,122 | $1.16M | 0.00% | +10,921+47.1% | Added |
| Rhumbline Advisers | 33,321 | $1.13M | 0.00% | −4,496−11.9% | Reduced |
| Formidable Asset Management, LLC | 34,400 | $1.09M | 0.16% | 00.0% | Unchanged |
| Wells Fargo & Company | 32,062 | $1.09M | 0.00% | +9,197+40.2% | Added |
| Alliancebernstein L.P. | 27,530 | $937.7K | 0.00% | 00.0% | Unchanged |
| BNP Paribas Arbitrage, SA | 27,395 | $933.1K | 0.00% | −16,879−38.1% | Reduced |
| Twelve Points Wealth Management LLC | 24,035 | $862.1K | 0.19% | −11,062−31.5% | Reduced |
| Citadel Advisors LLC | 25,225 | $859.2K | 0.00% | −58,551−69.9% | Reduced |
| Price T Rowe Associates Inc | 24,014 | $818.0K | 0.00% | +2,012+9.1% | Added |
| James Investment Research Inc | 23,770 | $809.6K | 0.09% | 00.0% | Unchanged |
| Pacific Ridge Capital Partners, LLC | 21,936 | $747.1K | 0.16% | +6,712+44.1% | Added |
| Legal & General Group Plc | 21,671 | $738.1K | 0.00% | −1,005−4.4% | Reduced |
| XTX Topco Ltd | 20,846 | $710.0K | 0.02% | −8,211−28.3% | Reduced |
| California State Teachers Retirement System | 19,342 | $658.8K | 0.00% | −27−0.1% | Reduced |
| STRS Ohio | 18,700 | $636.9K | 0.00% | −2,000−9.7% | Reduced |
| CWM Advisors, LLC | 18,536 | $631.3K | 0.06% | +4,202+29.3% | Added |
| Franklin Resources Inc | 17,340 | $590.6K | 0.00% | −80−0.5% | Reduced |
| Curry Webb Wealth Management LLC | 17,232 | $586.9K | 0.29% | +17,232 | New |
| Verition Fund Management LLC | 16,600 | $565.4K | 0.00% | −25,473−60.5% | Reduced |
| Stifel Financial Corp | 16,221 | $552.5K | 0.00% | +53+0.3% | Added |
| MetLife Investment Management | 15,574 | $530.5K | 0.00% | 00.0% | Unchanged |
| BCGM Wealth Management, LLC | 15,477 | $527.2K | 0.13% | 00.0% | Unchanged |
| Mirabella Financial Services LLP | 15,003 | $511.0K | 0.05% | +15,003 | New |
| Balyasny Asset Management LLC | 14,976 | $510.1K | 0.00% | +1,933+14.8% | Added |
| Manufacturers Life Insurance Company, The | 14,810 | $504.4K | 0.00% | −846−5.4% | Reduced |
| Impact Partnership Wealth, LLC | 14,519 | $494.5K | 0.06% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 14,232 | $484.7K | 0.00% | −3,876−21.4% | Reduced |
| Federated Hermes, Inc. | 13,720 | $467.3K | 0.00% | +4,119+42.9% | Added |
| Jump Financial, LLC | 12,733 | $433.7K | 0.01% | −25,167−66.4% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 12,024 | $409.5K | 0.00% | −136−1.1% | Reduced |
| Commonwealth Equity Services, LLC | 11,942 | $406.7K | 0.00% | +156+1.3% | Added |
| Squarepoint Ops LLC | 11,927 | $406.2K | 0.00% | −15,085−55.8% | Reduced |
| Oxford Financial Group Ltd | 11,137 | $379.3K | 0.02% | 00.0% | Unchanged |
| HSBC Holdings PLC | 10,397 | $354.7K | 0.00% | +10,397 | New |
| Aldebaran Capital, LLC | 10,125 | $344.9K | 0.31% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 9,866 | $336.0K | 0.00% | −22,017−69.1% | Reduced |
| Intech Investment Management LLC | 9,418 | $320.8K | 0.00% | −1,281−12.0% | Reduced |
| HFG Advisors, Inc. | 9,267 | $315.6K | 0.23% | +9,267 | New |
| SG Americas Securities, LLC | 8,331 | $284.0K | 0.00% | −2,132−20.4% | Reduced |
| Harbor Capital Advisors, Inc. | 7,846 | $267.0K | 0.02% | +865+12.4% | Added |
| Inspire Advisors, LLC | 7,692 | $262.0K | 0.02% | +7,692 | New |
| Cetera Investment Advisers | 7,597 | $258.8K | 0.00% | +97+1.3% | Added |
| Meeder Advisory Services, Inc. | 7,500 | $255.4K | 0.01% | 00.0% | Unchanged |
| Numerai GP LLC | 7,464 | $254.2K | 0.03% | +7,464 | New |
| Advisory Services Network, LLC | 7,222 | $246.0K | 0.00% | +160+2.3% | Added |