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 |
|---|---|---|---|---|---|
| MetLife Investment Management | 14,247 | $611.3K | 0.00% | −1,327−8.5% | Reduced |
| Impact Partnership Wealth, LLC | 14,519 | $623.0K | 0.08% | 00.0% | Unchanged |
| Manufacturers Life Insurance Company, The | 14,729 | $632.0K | 0.00% | −81−0.5% | Reduced |
| Vanguard Asset Management, Ltd | 14,747 | $632.8K | 0.00% | +14,747 | New |
| Illinois Municipal Retirement Fund | 15,132 | $649.3K | 0.01% | +15,132 | New |
| BNP Paribas Arbitrage, SA | 15,198 | $652.1K | 0.00% | −12,197−44.5% | Reduced |
| BCGM Wealth Management, LLC | 15,477 | $664.1K | 0.17% | 00.0% | Unchanged |
| Stifel Financial Corp | 16,198 | $695.1K | 0.00% | −23−0.1% | Reduced |
| Vanguard Global Advisers, LLC | 16,237 | $696.7K | 0.00% | +16,237 | New |
| State of Alaska, Department of Revenue | 16,452 | $705.0K | 0.01% | +14,485+736.4% | Added |
| Federated Hermes, Inc. | 17,844 | $765.7K | 0.00% | +4,124+30.1% | Added |
| California State Teachers Retirement System | 19,149 | $821.7K | 0.00% | −193−1.0% | Reduced |
| Thrivent Financial for Lutherans | 19,605 | $841.0K | 0.00% | +19,605 | New |
| XTX Topco Ltd | 19,647 | $843.1K | 0.01% | −1,199−5.8% | Reduced |
| Alliancebernstein L.P. | 27,618 | $940.7K | 0.00% | +88+0.3% | Added |
| Picton Mahoney Asset Management | 22,530 | $966.8K | 0.01% | +22,530 | New |
| Twelve Points Wealth Management LLC | 22,916 | $983.3K | 0.22% | −1,119−4.7% | Reduced |
| James Investment Research Inc | 23,770 | $1.02M | 0.11% | 00.0% | Unchanged |
| Great West Life Assurance Co | 24,083 | $1.03M | 0.00% | +21,892+999.2% | Added |
| Verdence Capital Advisors LLC | 25,849 | $1.11M | 0.06% | +25,849 | New |
| Formidable Asset Management, LLC | 34,400 | $1.17M | 0.18% | 00.0% | Unchanged |
| Price T Rowe Associates Inc | 27,778 | $1.19M | 0.00% | +3,764+15.7% | Added |
| D. E. Shaw & Co., Inc. | 28,275 | $1.21M | 0.00% | −152,033−84.3% | Reduced |
| Pacific Ridge Capital Partners, LLC | 28,753 | $1.23M | 0.27% | +6,817+31.1% | Added |
| JPMorgan Chase & Co | 29,161 | $1.24M | 0.00% | −72,553−71.3% | Reduced |
| Trexquant Investment LP | 29,191 | $1.25M | 0.01% | −38,469−56.9% | Reduced |
| UBS Asset Management Americas Inc | 29,329 | $1.26M | 0.00% | −29,640−50.3% | Reduced |
| Prudential Financial Inc | 29,415 | $1.26M | 0.00% | +29,415 | New |
| Wakefield Asset Management LLLP | 29,530 | $1.27M | 0.34% | +29,530 | New |
| LPL Financial LLC | 34,881 | $1.50M | 0.00% | −1,911−5.2% | Reduced |
| Quantinno Capital Management LP | 34,926 | $1.50M | 0.00% | +804+2.4% | Added |
| AQR Capital Management LLC | 38,312 | $1.64M | 0.00% | −3,560−8.5% | Reduced |
| Swiss National Bank | 40,700 | $1.75M | 0.00% | 00.0% | Unchanged |
| Two Sigma Investments, LP | 41,621 | $1.79M | 0.00% | −38,655−48.2% | Reduced |
| Raymond James Financial Inc | 43,403 | $1.86M | 0.00% | −40,226−48.1% | Reduced |
| Nuveen, LLC | 47,878 | $2.05M | 0.00% | +1,160+2.5% | Added |
| Renaissance Technologies LLC | 49,089 | $2.11M | 0.00% | +3,789+8.4% | Added |
| State Board of Administration of Florida Retirement System | 57,240 | $2.46M | 0.00% | +57,240 | New |
| Legal & General Group Plc | 58,447 | $2.51M | 0.00% | +36,776+169.7% | Added |
| Sapient Capital LLC | 60,521 | $2.61M | 0.04% | −15,000−19.9% | Reduced |
| New York State Common Retirement Fund | 60,734 | $2.61M | 0.00% | −10,300−14.5% | Reduced |
| Ameriprise Financial Inc | 72,752 | $3.12M | 0.00% | +28,702+65.2% | Added |
| Rhumbline Advisers | 77,434 | $3.32M | 0.00% | +44,113+132.4% | Added |
| UBS Group AG | 80,275 | $3.44M | 0.00% | +4,683+6.2% | Added |
| Russell Investments Group, Ltd. | 85,842 | $3.68M | 0.00% | −36,848−30.0% | Reduced |
| Mackenzie Financial Corp | 87,093 | $3.74M | 0.00% | +29,769+51.9% | Added |
| Deutsche Bank AG | 102,958 | $4.42M | 0.00% | +34,227+49.8% | Added |
| Public Sector Pension Investment Board | 105,057 | $4.51M | 0.01% | +105,057 | New |
| Bank of America Corp | 106,357 | $4.56M | 0.00% | +42,582+66.8% | Added |
| Franklin Resources Inc | 107,571 | $4.62M | 0.00% | +90,231+520.4% | Added |
| SEI Investments Co | 108,975 | $4.68M | 0.00% | +53,051+94.9% | Added |
| First Trust Advisors LP | 116,355 | $4.99M | 0.00% | −24,790−17.6% | Reduced |
| Goldman Sachs Group Inc | 126,561 | $5.43M | 0.00% | −35,724−22.0% | Reduced |
| Ballast Asset Management, LP | 136,586 | $5.86M | 2.61% | +3,290+2.5% | Added |
| Principal Financial Group Inc | 142,616 | $6.12M | 0.00% | +142,616 | New |
| Invesco Ltd. | 155,067 | $6.65M | 0.00% | +109,249+238.4% | Added |
| Vanguard Fiduciary Trust Co | 181,876 | $7.80M | 0.00% | +181,876 | New |
| Denali Advisors LLC | 194,710 | $8.36M | 0.93% | −42,904−18.1% | Reduced |
| Royal Bank of Canada | 212,852 | $9.13M | 0.00% | +6,899+3.3% | Added |
| Valeo Financial Advisors, LLC | 235,100 | $10.1M | 0.24% | −9,008−3.7% | Reduced |
| Bank of New York Mellon Corp | 236,146 | $10.1M | 0.00% | +71,775+43.7% | Added |
| Charles Schwab Investment Management Inc | 248,082 | $10.6M | 0.00% | +13,445+5.7% | Added |
| Basswood Capital Management, L.L.C. | 273,747 | $11.7M | 0.60% | 00.0% | Unchanged |
| Banc Funds Co LLC | 281,062 | $12.1M | 2.25% | +36,600+15.0% | Added |
| Northern Trust Corp | 287,093 | $12.3M | 0.00% | +30,894+12.1% | Added |
| Morgan Stanley | 298,060 | $12.8M | 0.00% | +43,281+17.0% | Added |
| Hotchkis & Wiley Capital Management LLC | 302,408 | $13.0M | 0.04% | −88,660−22.7% | Reduced |
| Vanguard Portfolio Management LLC | 464,663 | $19.9M | 0.00% | +464,663 | New |
| Royce & Associates LP | 567,267 | $24.3M | 0.24% | −241,047−29.8% | Reduced |
| Geode Capital Management, LLC | 725,435 | $31.1M | 0.00% | +10,041+1.4% | Added |
| American Century Companies Inc | 742,635 | $31.9M | 0.02% | +67,118+9.9% | Added |
| Vanguard Capital Management LLC | 1,000,776 | $42.9M | 0.00% | +1,000,776 | New |
| State Street Corp | 1,034,632 | $44.5M | 0.00% | +460,546+80.2% | Added |
| Nomura Asset Management International Inc. | 1,093,004 | $46.9M | 0.08% | −17,379−1.6% | Reduced |
| Doma Perpetual Capital Management LLC | 1,115,594 | $47.9M | 12.85% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 1,758,985 | $75.5M | 0.02% | +102,087+6.2% | Added |
| BlackRock, Inc. | 4,050,918 | $173.8M | 0.00% | +2,169,450+115.3% | Added |
| Elser Financial Planning, Inc | 26,983,101 | $1.18B | 57.23% | +26,983,101 | New |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −140,168−100.0% | Sold out |
| Qube Research & Technologies Ltd | 0 | $0 | 0.00% | −139,256−100.0% | Sold out |
| Millennium Management LLC | 0 | $0 | 0.00% | −128,011−100.0% | Sold out |
| Black Maple Capital Management LP | 0 | $0 | 0.00% | −82,092−100.0% | Sold out |
| Y-Intercept (Hong Kong) Ltd | 0 | $0 | 0.00% | −66,816−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −59,224−100.0% | Sold out |
| Dark Forest Capital Management LP | 0 | $0 | 0.00% | −57,154−100.0% | Sold out |
| Man Group plc | 0 | $0 | 0.00% | −55,832−100.0% | Sold out |
| Quest Partners LLC | 0 | $0 | 0.00% | −35,063−100.0% | Sold out |
| Citadel Advisors LLC | 0 | $0 | 0.00% | −25,225−100.0% | Sold out |
| Verition Fund Management LLC | 0 | $0 | 0.00% | −16,600−100.0% | Sold out |
| Balyasny Asset Management LLC | 0 | $0 | 0.00% | −14,976−100.0% | Sold out |
| Jump Financial, LLC | 0 | $0 | 0.00% | −12,733−100.0% | Sold out |
| Squarepoint Ops LLC | 0 | $0 | 0.00% | −11,927−100.0% | Sold out |
| HSBC Holdings PLC | 0 | $0 | 0.00% | −10,397−100.0% | Sold out |
| HFG Advisors, Inc. | 0 | $0 | 0.00% | −9,267−100.0% | Sold out |
| Inspire Advisors, LLC | 0 | $0 | 0.00% | −7,692−100.0% | Sold out |
| Numerai GP LLC | 0 | $0 | 0.00% | −7,464−100.0% | Sold out |
| Caxton Associates LLP | 0 | $0 | 0.00% | −5,908−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −1,004−100.0% | Sold out |
| Optiver Holding B.V. | 0 | $0 | 0.00% | −198−100.0% | Sold out |
| Vanguard Group Inc | – | – | – | – | Not filed |