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, Q1 2026
Institutional positions in Merchants Bancorp as of Mar 31, 2026. 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
- 178
- +30 vs. Q4 2025
- Shares held
- 45.5M
- +30.9M (+211.1%) vs. Q4 2025
- Total value
- $1.97B
- +$1.47B (+296.0%) vs. Q4 2025
- New holders
- 51
- 56 more added
- Sold out
- 21
- 46 more reduced
3 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Sunbelt Securities, Inc. | 1 | $43 | 0.00% | −3−75.0% | Reduced |
| SBI Securities Co., Ltd. | 1 | $43 | 0.00% | 00.0% | Unchanged |
| GWM Advisors LLC | 2 | $87 | 0.00% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 3 | $129 | 0.00% | +3 | New |
| SJS Investment Consulting Inc. | 3 | $129 | 0.00% | +3 | New |
| Gilpin Wealth Management, LLC | 3 | $129 | 0.00% | +3 | New |
| Farmers & Merchants Investments Inc | 15 | $644 | 0.00% | +15 | New |
| Umb Bank N A | 16 | $687 | 0.00% | +16 | New |
| Root Financial Partners, LLC | 19 | $815 | 0.00% | +19 | New |
| Parkside Financial Bank & Trust | 20 | $858 | 0.00% | 00.0% | Unchanged |
| Covestor Ltd | 31 | $1.00K | 0.00% | −19−38.0% | Reduced |
| Essential Partners LLC | 30 | $1.29K | 0.00% | +2+7.1% | Added |
| Parallel Advisors, LLC | 31 | $1.33K | 0.00% | +11+55.0% | Added |
| MAI Capital Management | 34 | $1.46K | 0.00% | +19+126.7% | Added |
| Keating Financial Advisory Services, Inc. | 37 | $1.59K | 0.00% | +36+3,600.0% | Added |
| Torren Management, LLC | 38 | $1.63K | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 39 | $1.67K | 0.00% | +2+5.4% | Added |
| Jones Financial Companies LLLP | 43 | $1.82K | 0.00% | +43 | New |
| Caitong International Asset Management Co., Ltd | 52 | $2.23K | 0.00% | +52 | New |
| Quarry LP | 54 | $2.32K | 0.00% | +54 | New |
| JPL Wealth Management, LLC | 54 | $2.32K | 0.00% | +54 | New |
| Signaturefd, LLC | 55 | $2.36K | 0.00% | 00.0% | Unchanged |
| Rothschild Investment LLC | 83 | $3.56K | 0.00% | +11+15.3% | Added |
| US Bancorp | 83 | $3.56K | 0.00% | +16+23.9% | Added |
| IFP Advisors, Inc | 84 | $3.60K | 0.00% | +2+2.4% | Added |
| Northwestern Mutual Wealth Management Co | 100 | $4.29K | 0.00% | +100 | New |
| Los Angeles Capital Management LLC | 103 | $4.42K | 0.00% | 00.0% | Unchanged |
| Public Employees Retirement System of Ohio | 107 | $4.59K | 0.00% | +107 | New |
| Steward Partners Investment Advisory, LLC | 108 | $4.63K | 0.00% | −7−6.1% | Reduced |
| Allworth Financial LP | 159 | $6.82K | 0.00% | +35+28.2% | Added |
| Quadrant Capital Group LLC | 171 | $7.34K | 0.00% | 00.0% | Unchanged |
| Owl Creek Wealth Partners LLC | 180 | $7.72K | 0.00% | +180 | New |
| Larson Financial Group LLC | 181 | $7.77K | 0.00% | +16+9.7% | Added |
| Farther Finance Advisors, LLC | 194 | $8.59K | 0.00% | +189+3,780.0% | Added |
| Bessemer Group Inc | 220 | $9.00K | 0.00% | +220 | New |
| Pinnacle Wealth Planning Services, Inc. | 288 | $12.4K | 0.00% | +288 | New |
| Capital Advisors, Ltd. LLC | 318 | $14.0K | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 356 | $15.3K | 0.00% | −14−3.8% | Reduced |
| Nisa Investment Advisors, LLC | 371 | $15.9K | 0.00% | +133+55.9% | Added |
| Hantz Financial Services, Inc. | 379 | $16.0K | 0.00% | +379 | New |
| GAMMA Investing LLC | 389 | $16.7K | 0.00% | +207+113.7% | Added |
| Salomon & Ludwin, LLC | 464 | $20.6K | 0.00% | +464 | New |
| Versant Capital Management, Inc | 594 | $25.5K | 0.00% | +134+29.1% | Added |
| EverSource Wealth Advisors, LLC | 610 | $26.2K | 0.00% | +14+2.3% | Added |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 697 | $29.9K | 0.01% | −303−30.3% | Reduced |
| Simplex Trading, LLC | 730 | $31.3K | 0.00% | +388+113.5% | Added |
| Sterling Capital Management LLC | 860 | $36.9K | 0.00% | −640−42.7% | Reduced |
| Quantbot Technologies LP | 1,069 | $45.9K | 0.00% | −2,802−72.4% | Reduced |
| Rockefeller Capital Management L.P. | 1,456 | $62.5K | 0.00% | +805+123.7% | Added |
| Ameritas Investment Partners, Inc. | 2,167 | $93.0K | 0.00% | 00.0% | Unchanged |
| Bank of Jackson Hole Trust | 2,257 | $96.8K | 0.05% | 00.0% | Unchanged |
| CWM, LLC | 2,493 | $107.0K | 0.00% | +696+38.7% | Added |
| Tower Research Capital LLC (TRC) | 3,139 | $134.7K | 0.00% | +425+15.7% | Added |
| Advisor Group Holdings, Inc. | 3,910 | $167.8K | 0.00% | −236−5.7% | Reduced |
| KLP Kapitalforvaltning AS | 4,450 | $191.4K | 0.00% | 00.0% | Unchanged |
| Wellington Grp LLC | 4,687 | $201.1K | 0.06% | 00.0% | Unchanged |
| FMR LLC | 4,732 | $203.1K | 0.00% | −45,323−90.5% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 4,755 | $204.0K | 0.00% | 00.0% | Unchanged |
| Voya Investment Management LLC | 4,809 | $206.4K | 0.00% | +4,809 | New |
| Advisory Services Network, LLC | 4,867 | $208.8K | 0.00% | −2,355−32.6% | Reduced |
| SG Americas Securities, LLC | 4,915 | $211.0K | 0.00% | −3,416−41.0% | Reduced |
| Gamco Investors, Inc. Et Al | 5,000 | $214.6K | 0.00% | +5,000 | New |
| Engineers Gate Manager LP | 5,237 | $224.7K | 0.00% | +5,237 | New |
| Peloton Wealth Strategists | 5,333 | $229.0K | 0.09% | −652−10.9% | Reduced |
| Harbor Capital Advisors, Inc. | 5,371 | $230.0K | 0.02% | −2,475−31.5% | Reduced |
| Vanguard Investments Australia, Ltd. | 5,641 | $242.1K | 0.00% | +5,641 | New |
| Arizona State Retirement System | 5,672 | $243.4K | 0.00% | +5,672 | New |
| Barclays PLC | 5,791 | $248.5K | 0.00% | −34,613−85.7% | Reduced |
| Vident Advisory, LLC | 5,883 | $252.4K | 0.00% | +5,883 | New |
| Intech Investment Management LLC | 5,922 | $254.1K | 0.00% | −3,496−37.1% | Reduced |
| Cerity Partners LLC | 5,960 | $255.7K | 0.00% | +5,960 | New |
| Fifth Third Bancorp | 6,292 | $270.0K | 0.00% | +6,292 | New |
| Oregon Public Employees Retirement Fund | 6,700 | $287.5K | 0.00% | +6,700 | New |
| Brevan Howard Capital Management LP | 6,721 | $288.4K | 0.00% | +6,721 | New |
| Janus Henderson Group PLC | 7,076 | $303.8K | 0.00% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 7,177 | $308.0K | 0.00% | 00.0% | Unchanged |
| Two Sigma Securities, LLC | 7,224 | $310.0K | 0.04% | +7,224 | New |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 7,263 | $311.7K | 0.00% | +7,263 | New |
| Teachers Retirement System of the State of Kentucky | 7,300 | $313.0K | 0.00% | +7,300 | New |
| Meeder Advisory Services, Inc. | 7,500 | $321.8K | 0.01% | 00.0% | Unchanged |
| Yousif Capital Management, LLC | 7,847 | $336.7K | 0.00% | +7,847 | New |
| Amalgamated Bank | 8,349 | $358.0K | 0.00% | +7,533+923.2% | Added |
| Landscape Capital Management, L.L.C. | 8,388 | $359.9K | 0.02% | +8,388 | New |
| Cetera Investment Advisers | 8,428 | $361.7K | 0.00% | +831+10.9% | Added |
| New York State Teachers Retirement System | 9,146 | $392.0K | 0.00% | +9,146 | New |
| Mirabella Financial Services LLP | 9,706 | $416.5K | 0.04% | −5,297−35.3% | Reduced |
| Wells Fargo & Company | 9,875 | $423.7K | 0.00% | −22,187−69.2% | Reduced |
| The PNC Financial Services Group, Inc. | 9,878 | $423.9K | 0.00% | +12+0.1% | Added |
| Aldebaran Capital, LLC | 10,125 | $434.5K | 0.33% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 10,168 | $436.3K | 0.00% | −4,064−28.6% | Reduced |
| Oxford Financial Group Ltd | 11,137 | $477.9K | 0.03% | 00.0% | Unchanged |
| State of Tennessee, Treasury Department | 11,263 | $483.3K | 0.00% | +11,263 | New |
| CWM Advisors, LLC | 11,944 | $512.5K | 0.03% | −6,592−35.6% | Reduced |
| Commonwealth Equity Services, LLC | 12,000 | $514.9K | 0.00% | +58+0.5% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 12,184 | $522.8K | 0.00% | +160+1.3% | Added |
| Louisiana State Employees Retirement System | 13,000 | $557.8K | 0.01% | +13,000 | New |
| Citigroup Inc | 13,241 | $568.2K | 0.00% | +10,461+376.3% | Added |
| Acadian Asset Management LLC | 13,721 | $587.0K | 0.00% | +13,721 | New |
| Curry Webb Wealth Management LLC | 14,083 | $604.3K | 0.29% | −3,149−18.3% | Reduced |
| STRS Ohio | 14,200 | $609.3K | 0.00% | −4,500−24.1% | Reduced |