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, Q2 2026
Institutional positions in Merchants Bancorp as of Jun 30, 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
- 188
- +13 vs. Q1 2026
- Shares held
- 45.2M
- −331.2K (−0.7%) vs. Q1 2026
- Total value
- $2.26B
- +$285.4M (+14.5%) vs. Q1 2026
- New holders
- 29
- 56 more added
- Sold out
- 16
- 61 more reduced
3 institutions that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2026: 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, Q2 2026
Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| The PNC Financial Services Group, Inc. | 9,991 | $499.6K | 0.00% | +113+1.1% | Added |
| BCGM Wealth Management, LLC | 10,097 | $504.9K | 0.11% | −5,380−34.8% | Reduced |
| Aldebaran Capital, LLC | 10,125 | $506.3K | 0.38% | 00.0% | Unchanged |
| Oxford Financial Group Ltd | 11,137 | $556.9K | 0.03% | 00.0% | Unchanged |
| State of Alaska, Department of Revenue | 11,649 | $582.0K | 0.01% | −4,803−29.2% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 11,658 | $582.9K | 0.00% | −526−4.3% | Reduced |
| Commonwealth Equity Services, LLC | 11,856 | $592.8K | 0.00% | −144−1.2% | Reduced |
| Acadian Asset Management LLC | 12,532 | $626.0K | 0.00% | −1,189−8.7% | Reduced |
| Louisiana State Employees Retirement System | 12,900 | $645.0K | 0.01% | −100−0.8% | Reduced |
| CWM Advisors, LLC | 13,567 | $678.4K | 0.03% | +1,623+13.6% | Added |
| BNP Paribas Arbitrage, SA | 13,646 | $682.3K | 0.00% | −1,552−10.2% | Reduced |
| Curry Webb Wealth Management LLC | 14,118 | $705.9K | 0.29% | +35+0.2% | Added |
| STRS Ohio | 14,200 | $710.0K | 0.00% | 00.0% | Unchanged |
| MetLife Investment Management | 14,708 | $735.4K | 0.00% | +461+3.2% | Added |
| Vanguard Asset Management, Ltd | 14,747 | $737.4K | 0.00% | 00.0% | Unchanged |
| Illinois Municipal Retirement Fund | 14,873 | $743.6K | 0.01% | −259−1.7% | Reduced |
| LJI Wealth Management, LLC | 15,000 | $750.0K | 0.11% | +15,000 | New |
| Stifel Financial Corp | 16,174 | $808.7K | 0.00% | −24−0.1% | Reduced |
| D. E. Shaw & Co., Inc. | 16,359 | $818.0K | 0.00% | −11,916−42.1% | Reduced |
| Vanguard Global Advisers, LLC | 17,050 | $852.5K | 0.00% | +813+5.0% | Added |
| JPMorgan Chase & Co | 17,799 | $945.8K | 0.00% | −11,362−39.0% | Reduced |
| Capstone Investment Advisors, LLC | 19,018 | $950.9K | 0.01% | +19,018 | New |
| Thrivent Financial for Lutherans | 19,305 | $965.0K | 0.00% | −300−1.5% | Reduced |
| Twelve Points Wealth Management LLC | 20,466 | $1.02M | 0.21% | −2,450−10.7% | Reduced |
| Wells Fargo & Company | 21,957 | $1.10M | 0.00% | +12,082+122.3% | Added |
| Great West Life Assurance Co | 22,867 | $1.14M | 0.00% | −1,216−5.0% | Reduced |
| Alliancebernstein L.P. | 27,618 | $1.19M | 0.00% | 00.0% | Unchanged |
| James Investment Research Inc | 23,770 | $1.19M | 0.12% | 00.0% | Unchanged |
| California State Teachers Retirement System | 23,993 | $1.20M | 0.00% | +4,844+25.3% | Added |
| Federated Hermes, Inc. | 24,990 | $1.25M | 0.00% | +7,146+40.0% | Added |
| Verdence Capital Advisors LLC | 25,019 | $1.25M | 0.07% | −830−3.2% | Reduced |
| Millennium Management LLC | 25,501 | $1.28M | 0.00% | +25,501 | New |
| ExodusPoint Capital Management, LP | 25,670 | $1.28M | 0.01% | +25,670 | New |
| Picton Mahoney Asset Management | 26,915 | $1.35M | 0.01% | +4,385+19.5% | Added |
| Pacific Ridge Capital Partners, LLC | 28,425 | $1.42M | 0.26% | −328−1.1% | Reduced |
| Formidable Asset Management, LLC | 33,200 | $1.42M | 0.23% | −1,200−3.5% | Reduced |
| UBS Asset Management Americas Inc | 29,329 | $1.47M | 0.00% | 00.0% | Unchanged |
| Prudential Financial Inc | 29,615 | $1.48M | 0.00% | +200+0.7% | Added |
| Price T Rowe Associates Inc | 33,798 | $1.69M | 0.00% | +6,020+21.7% | Added |
| LPL Financial LLC | 33,978 | $1.70M | 0.00% | −903−2.6% | Reduced |
| Two Sigma Investments, LP | 34,621 | $1.73M | 0.00% | −7,000−16.8% | Reduced |
| Raymond James Financial Inc | 38,503 | $1.93M | 0.00% | −4,900−11.3% | Reduced |
| AQR Capital Management LLC | 40,280 | $2.01M | 0.00% | +1,968+5.1% | Added |
| Swiss National Bank | 41,500 | $2.08M | 0.00% | +800+2.0% | Added |
| Citigroup Inc | 42,361 | $2.12M | 0.00% | +29,120+219.9% | Added |
| Quantinno Capital Management LP | 50,163 | $2.51M | 0.00% | +15,237+43.6% | Added |
| Nuveen, LLC | 50,975 | $2.55M | 0.00% | +3,097+6.5% | Added |
| State Board of Administration of Florida Retirement System | 54,235 | $2.71M | 0.00% | −3,005−5.2% | Reduced |
| SEI Investments Co | 54,722 | $2.74M | 0.00% | −54,253−49.8% | Reduced |
| New York State Common Retirement Fund | 58,134 | $2.91M | 0.00% | −2,600−4.3% | Reduced |
| Sapient Capital LLC | 60,521 | $3.03M | 0.04% | 00.0% | Unchanged |
| UBS Group AG | 61,772 | $3.09M | 0.00% | −18,503−23.0% | Reduced |
| Legal & General Group Plc | 64,385 | $3.22M | 0.00% | +5,938+10.2% | Added |
| XTX Topco Ltd | 64,985 | $3.25M | 0.04% | +45,338+230.8% | Added |
| Rhumbline Advisers | 66,756 | $3.34M | 0.00% | −10,678−13.8% | Reduced |
| Ameriprise Financial Inc | 70,459 | $3.52M | 0.00% | −2,293−3.2% | Reduced |
| Goldman Sachs Group Inc | 71,239 | $3.56M | 0.00% | −55,322−43.7% | Reduced |
| Franklin Resources Inc | 98,874 | $4.94M | 0.00% | −8,697−8.1% | Reduced |
| Public Sector Pension Investment Board | 100,763 | $5.04M | 0.01% | −4,294−4.1% | Reduced |
| First Trust Advisors LP | 100,916 | $5.05M | 0.00% | −15,439−13.3% | Reduced |
| Deutsche Bank AG | 105,673 | $5.28M | 0.00% | +2,715+2.6% | Added |
| Russell Investments Group, Ltd. | 112,021 | $5.60M | 0.00% | +26,179+30.5% | Added |
| Bank of America Corp | 121,142 | $6.06M | 0.00% | +14,785+13.9% | Added |
| Ballast Asset Management, LP | 135,270 | $6.76M | 2.70% | −1,316−1.0% | Reduced |
| Principal Financial Group Inc | 142,476 | $7.12M | 0.00% | −140−0.1% | Reduced |
| Denali Advisors LLC | 174,576 | $8.73M | 0.88% | −20,134−10.3% | Reduced |
| Vanguard Fiduciary Trust Co | 190,624 | $9.53M | 0.00% | +8,748+4.8% | Added |
| Royal Bank of Canada | 220,641 | $11.0M | 0.00% | +7,789+3.7% | Added |
| Valeo Financial Advisors, LLC | 226,998 | $11.3M | 0.24% | −8,102−3.4% | Reduced |
| Bank of New York Mellon Corp | 234,378 | $11.7M | 0.00% | −1,768−0.7% | Reduced |
| Invesco Ltd. | 240,395 | $12.0M | 0.00% | +85,328+55.0% | Added |
| Charles Schwab Investment Management Inc | 252,548 | $12.6M | 0.00% | +4,466+1.8% | Added |
| Basswood Capital Management, L.L.C. | 273,747 | $13.7M | 0.59% | 00.0% | Unchanged |
| Banc Funds Co LLC | 285,062 | $14.3M | 2.35% | +4,000+1.4% | Added |
| Hotchkis & Wiley Capital Management LLC | 298,438 | $14.9M | 0.04% | −3,970−1.3% | Reduced |
| Northern Trust Corp | 301,802 | $15.1M | 0.00% | +14,709+5.1% | Added |
| Morgan Stanley | 308,775 | $15.4M | 0.00% | +10,715+3.6% | Added |
| Vanguard Portfolio Management LLC | 488,221 | $24.4M | 0.00% | +23,558+5.1% | Added |
| Royce & Associates LP | 527,047 | $26.4M | 0.21% | −40,220−7.1% | Reduced |
| Geode Capital Management, LLC | 740,326 | $37.0M | 0.00% | +14,891+2.1% | Added |
| Doma Perpetual Capital Management LLC | 810,082 | $40.5M | 9.40% | −305,512−27.4% | Reduced |
| American Century Companies Inc | 837,052 | $41.9M | 0.02% | +94,417+12.7% | Added |
| Vanguard Capital Management LLC | 1,015,813 | $50.8M | 0.00% | +15,037+1.5% | Added |
| Nomura Asset Management International Inc. | 1,044,992 | $52.3M | 0.08% | −48,012−4.4% | Reduced |
| State Street Corp | 1,066,972 | $53.5M | 0.00% | +32,340+3.1% | Added |
| Dimensional Fund Advisors LP | 1,827,144 | $91.4M | 0.02% | +68,159+3.9% | Added |
| BlackRock, Inc. | 4,105,193 | $205.3M | 0.00% | +54,275+1.3% | Added |
| Elser Financial Planning, Inc | 26,808,625 | $1.34B | 58.14% | −174,476−0.6% | Reduced |
| Mackenzie Financial Corp | 0 | $0 | 0.00% | −87,093−100.0% | Sold out |
| Renaissance Technologies LLC | 0 | $0 | 0.00% | −49,089−100.0% | Sold out |
| Wakefield Asset Management LLLP | 0 | $0 | 0.00% | −29,530−100.0% | Sold out |
| Trexquant Investment LP | 0 | $0 | 0.00% | −29,191−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −10,168−100.0% | Sold out |
| Mirabella Financial Services LLP | 0 | $0 | 0.00% | −9,706−100.0% | Sold out |
| Landscape Capital Management, L.L.C. | 0 | $0 | 0.00% | −8,388−100.0% | Sold out |
| Two Sigma Securities, LLC | 0 | $0 | 0.00% | −7,224−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −6,721−100.0% | Sold out |
| Engineers Gate Manager LP | 0 | $0 | 0.00% | −5,237−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −4,867−100.0% | Sold out |
| Bank of Jackson Hole Trust | 0 | $0 | 0.00% | −2,257−100.0% | Sold out |