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 |
|---|---|---|---|---|---|
| Police & Firemen's Retirement System of New Jersey | 7,177 | $244.4K | 0.00% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 7,076 | $241.2K | 0.00% | 00.0% | Unchanged |
| Peloton Wealth Strategists | 5,985 | $204.0K | 0.08% | −310−4.9% | Reduced |
| Caxton Associates LLP | 5,908 | $201.2K | 0.00% | −2,142−26.6% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 4,755 | $162.0K | 0.00% | 00.0% | Unchanged |
| Wellington Grp LLC | 4,687 | $159.6K | 0.05% | +4,687 | New |
| KLP Kapitalforvaltning AS | 4,450 | $151.9K | 0.00% | +900+25.4% | Added |
| Advisor Group Holdings, Inc. | 4,146 | $141.2K | 0.00% | −10,561−71.8% | Reduced |
| Quantbot Technologies LP | 3,871 | $131.8K | 0.00% | −14,224−78.6% | Reduced |
| Citigroup Inc | 2,780 | $94.7K | 0.00% | −480−14.7% | Reduced |
| Tower Research Capital LLC (TRC) | 2,714 | $92.4K | 0.00% | −3−0.1% | Reduced |
| Bank of Jackson Hole Trust | 2,257 | $76.9K | 0.04% | 00.0% | Unchanged |
| Great West Life Assurance Co | 2,191 | $75.0K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 2,167 | $73.8K | 0.00% | 00.0% | Unchanged |
| State of Alaska, Department of Revenue | 1,967 | $66.0K | 0.00% | +165+9.2% | Added |
| CWM, LLC | 1,797 | $61.0K | 0.00% | +287+19.0% | Added |
| Sterling Capital Management LLC | 1,500 | $51.1K | 0.00% | −290−16.2% | Reduced |
| Aquatic Capital Management LLC | 1,004 | $34.2K | 0.00% | −10,403−91.2% | Reduced |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 1,000 | $34.1K | 0.01% | +1,000 | New |
| Amalgamated Bank | 816 | $28.0K | 0.00% | +191+30.6% | Added |
| Rockefeller Capital Management L.P. | 651 | $22.2K | 0.00% | +201+44.7% | Added |
| EverSource Wealth Advisors, LLC | 596 | $20.3K | 0.00% | +212+55.2% | Added |
| Versant Capital Management, Inc | 460 | $15.7K | 0.00% | −169−26.9% | Reduced |
| SRS Capital Advisors, Inc. | 370 | $12.6K | 0.00% | −204−35.5% | Reduced |
| Simplex Trading, LLC | 342 | $11.6K | 0.00% | −75−18.0% | Reduced |
| Capital Advisors, Ltd. LLC | 318 | $11.0K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 238 | $8.13K | 0.00% | 00.0% | Unchanged |
| Optiver Holding B.V. | 198 | $6.74K | 0.00% | +22+12.5% | Added |
| GAMMA Investing LLC | 182 | $6.20K | 0.00% | −30−14.2% | Reduced |
| Quadrant Capital Group LLC | 171 | $5.83K | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 165 | $5.62K | 0.00% | +163+8,150.0% | Added |
| Allworth Financial LP | 124 | $4.22K | 0.00% | +89+254.3% | Added |
| Steward Partners Investment Advisory, LLC | 115 | $3.92K | 0.00% | 00.0% | Unchanged |
| Los Angeles Capital Management LLC | 103 | $3.22K | 0.00% | +103 | New |
| IFP Advisors, Inc | 82 | $2.79K | 0.00% | +2+2.5% | Added |
| Rothschild Investment LLC | 72 | $2.45K | 0.00% | +42+140.0% | Added |
| US Bancorp | 67 | $2.28K | 0.00% | −84−55.6% | Reduced |
| Comerica Bank | 61 | $2.06K | 0.00% | −53−46.5% | Reduced |
| Covestor Ltd | 50 | $2.00K | 0.00% | −261−83.9% | Reduced |
| Signaturefd, LLC | 55 | $1.87K | 0.00% | 00.0% | Unchanged |
| Torren Management, LLC | 38 | $1.29K | 0.00% | +38 | New |
| True Wealth Design, LLC | 37 | $1.26K | 0.00% | −27−42.2% | Reduced |
| Essential Partners LLC | 28 | $954 | 0.00% | −36−56.3% | Reduced |
| Parkside Financial Bank & Trust | 20 | $682 | 0.00% | +20 | New |
| Parallel Advisors, LLC | 20 | $681 | 0.00% | +13+185.7% | Added |
| MAI Capital Management | 15 | $511 | 0.00% | +15 | New |
| Farther Finance Advisors, LLC | 5 | $170 | 0.00% | +4+400.0% | Added |
| Sunbelt Securities, Inc. | 4 | $136 | 0.00% | +4 | New |
| GWM Advisors LLC | 2 | $69 | 0.00% | 00.0% | Unchanged |
| SBI Securities Co., Ltd. | 1 | $34 | 0.00% | 00.0% | Unchanged |
| Keating Financial Advisory Services, Inc. | 1 | $34 | 0.00% | +1 | New |
| 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 |