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 |
|---|---|---|---|---|---|
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 7,263 | $311.7K | 0.00% | +7,263 | New |
| Two Sigma Securities, LLC | 7,224 | $310.0K | 0.04% | +7,224 | New |
| Police & Firemen's Retirement System of New Jersey | 7,177 | $308.0K | 0.00% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 7,076 | $303.8K | 0.00% | 00.0% | Unchanged |
| Brevan Howard Capital Management LP | 6,721 | $288.4K | 0.00% | +6,721 | New |
| Oregon Public Employees Retirement Fund | 6,700 | $287.5K | 0.00% | +6,700 | New |
| Fifth Third Bancorp | 6,292 | $270.0K | 0.00% | +6,292 | New |
| Cerity Partners LLC | 5,960 | $255.7K | 0.00% | +5,960 | New |
| Intech Investment Management LLC | 5,922 | $254.1K | 0.00% | −3,496−37.1% | Reduced |
| Vident Advisory, LLC | 5,883 | $252.4K | 0.00% | +5,883 | New |
| Barclays PLC | 5,791 | $248.5K | 0.00% | −34,613−85.7% | Reduced |
| Arizona State Retirement System | 5,672 | $243.4K | 0.00% | +5,672 | New |
| Vanguard Investments Australia, Ltd. | 5,641 | $242.1K | 0.00% | +5,641 | New |
| Harbor Capital Advisors, Inc. | 5,371 | $230.0K | 0.02% | −2,475−31.5% | Reduced |
| Peloton Wealth Strategists | 5,333 | $229.0K | 0.09% | −652−10.9% | Reduced |
| Engineers Gate Manager LP | 5,237 | $224.7K | 0.00% | +5,237 | New |
| Gamco Investors, Inc. Et Al | 5,000 | $214.6K | 0.00% | +5,000 | New |
| SG Americas Securities, LLC | 4,915 | $211.0K | 0.00% | −3,416−41.0% | Reduced |
| Advisory Services Network, LLC | 4,867 | $208.8K | 0.00% | −2,355−32.6% | Reduced |
| Voya Investment Management LLC | 4,809 | $206.4K | 0.00% | +4,809 | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 4,755 | $204.0K | 0.00% | 00.0% | Unchanged |
| FMR LLC | 4,732 | $203.1K | 0.00% | −45,323−90.5% | Reduced |
| Wellington Grp LLC | 4,687 | $201.1K | 0.06% | 00.0% | Unchanged |
| KLP Kapitalforvaltning AS | 4,450 | $191.4K | 0.00% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 3,910 | $167.8K | 0.00% | −236−5.7% | Reduced |
| Tower Research Capital LLC (TRC) | 3,139 | $134.7K | 0.00% | +425+15.7% | Added |
| CWM, LLC | 2,493 | $107.0K | 0.00% | +696+38.7% | Added |
| Bank of Jackson Hole Trust | 2,257 | $96.8K | 0.05% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 2,167 | $93.0K | 0.00% | 00.0% | Unchanged |
| Rockefeller Capital Management L.P. | 1,456 | $62.5K | 0.00% | +805+123.7% | Added |
| Quantbot Technologies LP | 1,069 | $45.9K | 0.00% | −2,802−72.4% | Reduced |
| Sterling Capital Management LLC | 860 | $36.9K | 0.00% | −640−42.7% | Reduced |
| Simplex Trading, LLC | 730 | $31.3K | 0.00% | +388+113.5% | Added |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 697 | $29.9K | 0.01% | −303−30.3% | Reduced |
| EverSource Wealth Advisors, LLC | 610 | $26.2K | 0.00% | +14+2.3% | Added |
| Versant Capital Management, Inc | 594 | $25.5K | 0.00% | +134+29.1% | Added |
| Salomon & Ludwin, LLC | 464 | $20.6K | 0.00% | +464 | New |
| GAMMA Investing LLC | 389 | $16.7K | 0.00% | +207+113.7% | Added |
| Hantz Financial Services, Inc. | 379 | $16.0K | 0.00% | +379 | New |
| Nisa Investment Advisors, LLC | 371 | $15.9K | 0.00% | +133+55.9% | Added |
| SRS Capital Advisors, Inc. | 356 | $15.3K | 0.00% | −14−3.8% | Reduced |
| Capital Advisors, Ltd. LLC | 318 | $14.0K | 0.00% | 00.0% | Unchanged |
| Pinnacle Wealth Planning Services, Inc. | 288 | $12.4K | 0.00% | +288 | New |
| Bessemer Group Inc | 220 | $9.00K | 0.00% | +220 | New |
| Farther Finance Advisors, LLC | 194 | $8.59K | 0.00% | +189+3,780.0% | Added |
| Larson Financial Group LLC | 181 | $7.77K | 0.00% | +16+9.7% | Added |
| Owl Creek Wealth Partners LLC | 180 | $7.72K | 0.00% | +180 | New |
| Quadrant Capital Group LLC | 171 | $7.34K | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 159 | $6.82K | 0.00% | +35+28.2% | Added |
| Steward Partners Investment Advisory, LLC | 108 | $4.63K | 0.00% | −7−6.1% | Reduced |
| Public Employees Retirement System of Ohio | 107 | $4.59K | 0.00% | +107 | New |
| Los Angeles Capital Management LLC | 103 | $4.42K | 0.00% | 00.0% | Unchanged |
| Northwestern Mutual Wealth Management Co | 100 | $4.29K | 0.00% | +100 | New |
| IFP Advisors, Inc | 84 | $3.60K | 0.00% | +2+2.4% | Added |
| Rothschild Investment LLC | 83 | $3.56K | 0.00% | +11+15.3% | Added |
| US Bancorp | 83 | $3.56K | 0.00% | +16+23.9% | Added |
| Signaturefd, LLC | 55 | $2.36K | 0.00% | 00.0% | Unchanged |
| JPL Wealth Management, LLC | 54 | $2.32K | 0.00% | +54 | New |
| Quarry LP | 54 | $2.32K | 0.00% | +54 | New |
| Caitong International Asset Management Co., Ltd | 52 | $2.23K | 0.00% | +52 | New |
| Jones Financial Companies LLLP | 43 | $1.82K | 0.00% | +43 | New |
| True Wealth Design, LLC | 39 | $1.67K | 0.00% | +2+5.4% | Added |
| Torren Management, LLC | 38 | $1.63K | 0.00% | 00.0% | Unchanged |
| Keating Financial Advisory Services, Inc. | 37 | $1.59K | 0.00% | +36+3,600.0% | Added |
| MAI Capital Management | 34 | $1.46K | 0.00% | +19+126.7% | Added |
| Parallel Advisors, LLC | 31 | $1.33K | 0.00% | +11+55.0% | Added |
| Essential Partners LLC | 30 | $1.29K | 0.00% | +2+7.1% | Added |
| Covestor Ltd | 31 | $1.00K | 0.00% | −19−38.0% | Reduced |
| Parkside Financial Bank & Trust | 20 | $858 | 0.00% | 00.0% | Unchanged |
| Root Financial Partners, LLC | 19 | $815 | 0.00% | +19 | New |
| Umb Bank N A | 16 | $687 | 0.00% | +16 | New |
| Farmers & Merchants Investments Inc | 15 | $644 | 0.00% | +15 | New |
| 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 |
| GWM Advisors LLC | 2 | $87 | 0.00% | 00.0% | Unchanged |
| Sunbelt Securities, Inc. | 1 | $43 | 0.00% | −3−75.0% | Reduced |
| SBI Securities Co., Ltd. | 1 | $43 | 0.00% | 00.0% | Unchanged |
| 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 |