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 |
|---|---|---|---|---|---|
| AQR Capital Management LLC | 41,872 | $1.43M | 0.00% | +7,738+22.7% | Added |
| Ameriprise Financial Inc | 44,050 | $1.50M | 0.00% | −49,106−52.7% | Reduced |
| Renaissance Technologies LLC | 45,300 | $1.54M | 0.00% | −13,100−22.4% | Reduced |
| Invesco Ltd. | 45,818 | $1.56M | 0.00% | +667+1.5% | Added |
| Nuveen, LLC | 46,718 | $1.59M | 0.00% | −1,653−3.4% | Reduced |
| FMR LLC | 50,055 | $1.70M | 0.00% | +11,740+30.6% | Added |
| Brandywine Global Investment Management, LLC | 53,926 | $1.84M | 0.01% | −2,200−3.9% | Reduced |
| Man Group plc | 55,832 | $1.90M | 0.00% | +55,832 | New |
| SEI Investments Co | 55,924 | $1.90M | 0.00% | +42,453+315.1% | Added |
| Mackenzie Financial Corp | 57,324 | $1.93M | 0.00% | +38,262+200.7% | Added |
| Dark Forest Capital Management LP | 57,154 | $1.95M | 0.09% | +7,431+14.9% | Added |
| UBS Asset Management Americas Inc | 58,969 | $2.01M | 0.00% | +34,083+137.0% | Added |
| HRT Financial LP | 59,224 | $2.02M | 0.01% | +40,936+223.8% | Added |
| Bank of America Corp | 63,775 | $2.17M | 0.00% | −9,195−12.6% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 66,816 | $2.28M | 0.05% | +39,186+141.8% | Added |
| Trexquant Investment LP | 67,660 | $2.30M | 0.02% | +17,765+35.6% | Added |
| Deutsche Bank AG | 68,731 | $2.34M | 0.00% | −26,681−28.0% | Reduced |
| New York State Common Retirement Fund | 71,034 | $2.42M | 0.00% | −4,600−6.1% | Reduced |
| Sapient Capital LLC | 75,521 | $2.55M | 0.04% | +22,030+41.2% | Added |
| UBS Group AG | 75,592 | $2.57M | 0.00% | +34,603+84.4% | Added |
| Two Sigma Investments, LP | 80,276 | $2.73M | 0.00% | −95,478−54.3% | Reduced |
| Black Maple Capital Management LP | 82,092 | $2.80M | 2.09% | −47,005−36.4% | Reduced |
| Raymond James Financial Inc | 83,629 | $2.85M | 0.00% | −7,482−8.2% | Reduced |
| JPMorgan Chase & Co | 101,714 | $3.46M | 0.00% | −77,384−43.2% | Reduced |
| Russell Investments Group, Ltd. | 122,690 | $4.18M | 0.00% | +16,182+15.2% | Added |
| Millennium Management LLC | 128,011 | $4.36M | 0.00% | −237,064−64.9% | Reduced |
| Ballast Asset Management, LP | 133,296 | $4.54M | 2.14% | −4,591−3.3% | Reduced |
| Qube Research & Technologies Ltd | 139,256 | $4.74M | 0.01% | +127,451+1,079.6% | Added |
| Marshall Wace, LLP | 140,168 | $4.77M | 0.00% | +13,166+10.4% | Added |
| First Trust Advisors LP | 141,145 | $4.81M | 0.00% | +115,881+458.7% | Added |
| Goldman Sachs Group Inc | 162,285 | $5.53M | 0.00% | +80,136+97.5% | Added |
| Bank of New York Mellon Corp | 164,371 | $5.60M | 0.00% | −6,270−3.7% | Reduced |
| D. E. Shaw & Co., Inc. | 180,308 | $6.14M | 0.00% | +34,241+23.4% | Added |
| Royal Bank of Canada | 205,953 | $7.01M | 0.00% | −15,308−6.9% | Reduced |
| Charles Schwab Investment Management Inc | 234,637 | $7.99M | 0.00% | −2,410−1.0% | Reduced |
| Denali Advisors LLC | 237,614 | $8.09M | 0.90% | −1,800−0.8% | Reduced |
| Valeo Financial Advisors, LLC | 244,108 | $8.31M | 0.18% | +440.0% | Added |
| Banc Funds Co LLC | 244,462 | $8.33M | 1.65% | −96,228−28.2% | Reduced |
| Morgan Stanley | 254,779 | $8.68M | 0.00% | +20,401+8.7% | Added |
| Northern Trust Corp | 256,199 | $8.73M | 0.00% | −18,260−6.7% | Reduced |
| Basswood Capital Management, L.L.C. | 273,747 | $9.32M | 0.41% | 00.0% | Unchanged |
| Hotchkis & Wiley Capital Management LLC | 391,068 | $13.3M | 0.04% | +1,190+0.3% | Added |
| State Street Corp | 574,086 | $19.6M | 0.00% | +25,823+4.7% | Added |
| American Century Companies Inc | 675,517 | $23.0M | 0.01% | +45,440+7.2% | Added |
| Geode Capital Management, LLC | 715,394 | $24.4M | 0.00% | +18,925+2.7% | Added |
| Royce & Associates LP | 808,314 | $27.5M | 0.28% | −53,805−6.2% | Reduced |
| Nomura Asset Management International Inc. | 1,110,383 | $37.8M | 0.06% | +1,110,383 | New |
| Doma Perpetual Capital Management LLC | 1,115,594 | $38.0M | 10.68% | +1,021,761+1,088.9% | Added |
| Vanguard Group Inc | 1,414,584 | $48.2M | 0.00% | +36,184+2.6% | Added |
| Dimensional Fund Advisors LP | 1,656,898 | $56.4M | 0.01% | +54,970+3.4% | Added |
| BlackRock, Inc. | 1,881,468 | $64.1M | 0.00% | +27,424+1.5% | Added |
| Matrix Trust Co | 0 | $0 | 0.00% | −4,082−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −897,066−100.0% | Sold out |
| FJ Capital Management LLC | 0 | $0 | 0.00% | −297,156−100.0% | Sold out |
| PL Capital Advisors, LLC | 0 | $0 | 0.00% | −188,294−100.0% | Sold out |
| Jacobs Levy Equity Management, Inc | 0 | $0 | 0.00% | −134,928−100.0% | Sold out |
| Jane Street Group, LLC | 0 | $0 | 0.00% | −61,351−100.0% | Sold out |
| Walleye Capital LLC | 0 | $0 | 0.00% | −60,835−100.0% | Sold out |
| ExodusPoint Capital Management, LP | 0 | $0 | 0.00% | −53,323−100.0% | Sold out |
| Two Sigma Advisers, LP | 0 | $0 | 0.00% | −37,200−100.0% | Sold out |
| EJF Capital LLC | 0 | $0 | 0.00% | −36,297−100.0% | Sold out |
| Algert Global LLC | 0 | $0 | 0.00% | −29,303−100.0% | Sold out |
| Boston Partners | 0 | $0 | 0.00% | −16,278−100.0% | Sold out |
| Semanteon Capital Management, LP | 0 | $0 | 0.00% | −16,129−100.0% | Sold out |
| Public Employees Retirement System of Ohio | 0 | $0 | 0.00% | −14,994−100.0% | Sold out |
| Victory Capital Management Inc | 0 | $0 | 0.00% | −13,675−100.0% | Sold out |
| Keebeck Wealth Management, LLC | 0 | $0 | 0.00% | −10,000−100.0% | Sold out |
| Yorktown Management & Research Co Inc | 0 | $0 | 0.00% | −8,800−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −7,056−100.0% | Sold out |
| Engineers Gate Manager LP | 0 | $0 | 0.00% | −6,372−100.0% | Sold out |
| Catalyst Capital Advisors LLC | 0 | $0 | 0.00% | −2,450−100.0% | Sold out |
| Caitong International Asset Management Co., Ltd | 0 | $0 | 0.00% | −210−100.0% | Sold out |
| National Bank of Canada | 0 | $0 | 0.00% | −107−100.0% | Sold out |
| Northwestern Mutual Wealth Management Co | 0 | $0 | 0.00% | −102−100.0% | Sold out |