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 |
|---|---|---|---|---|---|
| SBI Securities Co., Ltd. | 1 | $34 | 0.00% | 00.0% | Unchanged |
| Keating Financial Advisory Services, Inc. | 1 | $34 | 0.00% | +1 | New |
| GWM Advisors LLC | 2 | $69 | 0.00% | 00.0% | Unchanged |
| Sunbelt Securities, Inc. | 4 | $136 | 0.00% | +4 | New |
| Farther Finance Advisors, LLC | 5 | $170 | 0.00% | +4+400.0% | Added |
| MAI Capital Management | 15 | $511 | 0.00% | +15 | New |
| Parallel Advisors, LLC | 20 | $681 | 0.00% | +13+185.7% | Added |
| Parkside Financial Bank & Trust | 20 | $682 | 0.00% | +20 | New |
| Essential Partners LLC | 28 | $954 | 0.00% | −36−56.3% | Reduced |
| True Wealth Design, LLC | 37 | $1.26K | 0.00% | −27−42.2% | Reduced |
| Torren Management, LLC | 38 | $1.29K | 0.00% | +38 | New |
| Signaturefd, LLC | 55 | $1.87K | 0.00% | 00.0% | Unchanged |
| Covestor Ltd | 50 | $2.00K | 0.00% | −261−83.9% | Reduced |
| Comerica Bank | 61 | $2.06K | 0.00% | −53−46.5% | Reduced |
| US Bancorp | 67 | $2.28K | 0.00% | −84−55.6% | Reduced |
| Rothschild Investment LLC | 72 | $2.45K | 0.00% | +42+140.0% | Added |
| IFP Advisors, Inc | 82 | $2.79K | 0.00% | +2+2.5% | Added |
| Los Angeles Capital Management LLC | 103 | $3.22K | 0.00% | +103 | New |
| Steward Partners Investment Advisory, LLC | 115 | $3.92K | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 124 | $4.22K | 0.00% | +89+254.3% | Added |
| Larson Financial Group LLC | 165 | $5.62K | 0.00% | +163+8,150.0% | Added |
| Quadrant Capital Group LLC | 171 | $5.83K | 0.00% | 00.0% | Unchanged |
| GAMMA Investing LLC | 182 | $6.20K | 0.00% | −30−14.2% | Reduced |
| Optiver Holding B.V. | 198 | $6.74K | 0.00% | +22+12.5% | Added |
| Nisa Investment Advisors, LLC | 238 | $8.13K | 0.00% | 00.0% | Unchanged |
| Capital Advisors, Ltd. LLC | 318 | $11.0K | 0.00% | 00.0% | Unchanged |
| Simplex Trading, LLC | 342 | $11.6K | 0.00% | −75−18.0% | Reduced |
| SRS Capital Advisors, Inc. | 370 | $12.6K | 0.00% | −204−35.5% | Reduced |
| Versant Capital Management, Inc | 460 | $15.7K | 0.00% | −169−26.9% | Reduced |
| EverSource Wealth Advisors, LLC | 596 | $20.3K | 0.00% | +212+55.2% | Added |
| Rockefeller Capital Management L.P. | 651 | $22.2K | 0.00% | +201+44.7% | Added |
| Amalgamated Bank | 816 | $28.0K | 0.00% | +191+30.6% | Added |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 1,000 | $34.1K | 0.01% | +1,000 | New |
| Aquatic Capital Management LLC | 1,004 | $34.2K | 0.00% | −10,403−91.2% | Reduced |
| Sterling Capital Management LLC | 1,500 | $51.1K | 0.00% | −290−16.2% | Reduced |
| CWM, LLC | 1,797 | $61.0K | 0.00% | +287+19.0% | Added |
| State of Alaska, Department of Revenue | 1,967 | $66.0K | 0.00% | +165+9.2% | Added |
| Ameritas Investment Partners, Inc. | 2,167 | $73.8K | 0.00% | 00.0% | Unchanged |
| Great West Life Assurance Co | 2,191 | $75.0K | 0.00% | 00.0% | Unchanged |
| Bank of Jackson Hole Trust | 2,257 | $76.9K | 0.04% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 2,714 | $92.4K | 0.00% | −3−0.1% | Reduced |
| Citigroup Inc | 2,780 | $94.7K | 0.00% | −480−14.7% | Reduced |
| Quantbot Technologies LP | 3,871 | $131.8K | 0.00% | −14,224−78.6% | Reduced |
| Advisor Group Holdings, Inc. | 4,146 | $141.2K | 0.00% | −10,561−71.8% | Reduced |
| KLP Kapitalforvaltning AS | 4,450 | $151.9K | 0.00% | +900+25.4% | Added |
| Wellington Grp LLC | 4,687 | $159.6K | 0.05% | +4,687 | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 4,755 | $162.0K | 0.00% | 00.0% | Unchanged |
| Caxton Associates LLP | 5,908 | $201.2K | 0.00% | −2,142−26.6% | Reduced |
| Peloton Wealth Strategists | 5,985 | $204.0K | 0.08% | −310−4.9% | Reduced |
| Janus Henderson Group PLC | 7,076 | $241.2K | 0.00% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 7,177 | $244.4K | 0.00% | 00.0% | Unchanged |
| Advisory Services Network, LLC | 7,222 | $246.0K | 0.00% | +160+2.3% | Added |
| Numerai GP LLC | 7,464 | $254.2K | 0.03% | +7,464 | New |
| Meeder Advisory Services, Inc. | 7,500 | $255.4K | 0.01% | 00.0% | Unchanged |
| Cetera Investment Advisers | 7,597 | $258.8K | 0.00% | +97+1.3% | Added |
| Inspire Advisors, LLC | 7,692 | $262.0K | 0.02% | +7,692 | New |
| Harbor Capital Advisors, Inc. | 7,846 | $267.0K | 0.02% | +865+12.4% | Added |
| SG Americas Securities, LLC | 8,331 | $284.0K | 0.00% | −2,132−20.4% | Reduced |
| HFG Advisors, Inc. | 9,267 | $315.6K | 0.23% | +9,267 | New |
| Intech Investment Management LLC | 9,418 | $320.8K | 0.00% | −1,281−12.0% | Reduced |
| The PNC Financial Services Group, Inc. | 9,866 | $336.0K | 0.00% | −22,017−69.1% | Reduced |
| Aldebaran Capital, LLC | 10,125 | $344.9K | 0.31% | 00.0% | Unchanged |
| HSBC Holdings PLC | 10,397 | $354.7K | 0.00% | +10,397 | New |
| Oxford Financial Group Ltd | 11,137 | $379.3K | 0.02% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 11,927 | $406.2K | 0.00% | −15,085−55.8% | Reduced |
| Commonwealth Equity Services, LLC | 11,942 | $406.7K | 0.00% | +156+1.3% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 12,024 | $409.5K | 0.00% | −136−1.1% | Reduced |
| Jump Financial, LLC | 12,733 | $433.7K | 0.01% | −25,167−66.4% | Reduced |
| Federated Hermes, Inc. | 13,720 | $467.3K | 0.00% | +4,119+42.9% | Added |
| Susquehanna International Group, LLP | 14,232 | $484.7K | 0.00% | −3,876−21.4% | Reduced |
| Impact Partnership Wealth, LLC | 14,519 | $494.5K | 0.06% | 00.0% | Unchanged |
| Manufacturers Life Insurance Company, The | 14,810 | $504.4K | 0.00% | −846−5.4% | Reduced |
| Balyasny Asset Management LLC | 14,976 | $510.1K | 0.00% | +1,933+14.8% | Added |
| Mirabella Financial Services LLP | 15,003 | $511.0K | 0.05% | +15,003 | New |
| BCGM Wealth Management, LLC | 15,477 | $527.2K | 0.13% | 00.0% | Unchanged |
| MetLife Investment Management | 15,574 | $530.5K | 0.00% | 00.0% | Unchanged |
| Stifel Financial Corp | 16,221 | $552.5K | 0.00% | +53+0.3% | Added |
| Verition Fund Management LLC | 16,600 | $565.4K | 0.00% | −25,473−60.5% | Reduced |
| Curry Webb Wealth Management LLC | 17,232 | $586.9K | 0.29% | +17,232 | New |
| Franklin Resources Inc | 17,340 | $590.6K | 0.00% | −80−0.5% | Reduced |
| CWM Advisors, LLC | 18,536 | $631.3K | 0.06% | +4,202+29.3% | Added |
| STRS Ohio | 18,700 | $636.9K | 0.00% | −2,000−9.7% | Reduced |
| California State Teachers Retirement System | 19,342 | $658.8K | 0.00% | −27−0.1% | Reduced |
| XTX Topco Ltd | 20,846 | $710.0K | 0.02% | −8,211−28.3% | Reduced |
| Legal & General Group Plc | 21,671 | $738.1K | 0.00% | −1,005−4.4% | Reduced |
| Pacific Ridge Capital Partners, LLC | 21,936 | $747.1K | 0.16% | +6,712+44.1% | Added |
| James Investment Research Inc | 23,770 | $809.6K | 0.09% | 00.0% | Unchanged |
| Price T Rowe Associates Inc | 24,014 | $818.0K | 0.00% | +2,012+9.1% | Added |
| Citadel Advisors LLC | 25,225 | $859.2K | 0.00% | −58,551−69.9% | Reduced |
| Twelve Points Wealth Management LLC | 24,035 | $862.1K | 0.19% | −11,062−31.5% | Reduced |
| BNP Paribas Arbitrage, SA | 27,395 | $933.1K | 0.00% | −16,879−38.1% | Reduced |
| Alliancebernstein L.P. | 27,530 | $937.7K | 0.00% | 00.0% | Unchanged |
| Wells Fargo & Company | 32,062 | $1.09M | 0.00% | +9,197+40.2% | Added |
| Formidable Asset Management, LLC | 34,400 | $1.09M | 0.16% | 00.0% | Unchanged |
| Rhumbline Advisers | 33,321 | $1.13M | 0.00% | −4,496−11.9% | Reduced |
| Quantinno Capital Management LP | 34,122 | $1.16M | 0.00% | +10,921+47.1% | Added |
| Quest Partners LLC | 35,063 | $1.19M | 0.07% | +20,235+136.5% | Added |
| LPL Financial LLC | 36,792 | $1.25M | 0.00% | −2,988−7.5% | Reduced |
| Barclays PLC | 40,404 | $1.38M | 0.00% | +3,879+10.6% | Added |
| Swiss National Bank | 40,700 | $1.39M | 0.00% | +700+1.8% | Added |