Merchants BancorpMBIN

13F holders, Q2 2025 (June 30)
150holders −10
20new positions
30sold out
5famous investors
$33.08avg. 13F price*

At the end of Q2 2025, 150 institutions reported holding Merchants Bancorp (MBIN) in their 13F filings, down 10 from Q1 2025. 20 opened new positions and 30 sold out. The largest holders were BlackRock, Inc. ($61.3M), Dimensional Fund Advisors LP ($50.9M) and Vanguard Group Inc. ($44.8M). 5 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio), David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).

Company
Merchants Bancorp
CUSIP
58844R108
Latest filing quarter
Q2 2026

History

Number of 13F holders

050100150200 Q1 2024: 173Q1 2024Q2 2024: 174Q2 2024Q3 2024: 174Q3 2024Q4 2024: 170Q4 2024Q1 2025: 160Q1 2025Q2 2025: 150Q2 2025Q3 2025: 158Q3 2025Q4 2025: 151Q4 2025Q1 2026: 178Q1 2026Q2 2026: 188Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions20$6.9M
Exits30$10.6M

All 13F filers, Q1 2025 → Q2 2025: 1,965,639 shares bought and 1,597,210 shares sold, net +368,429 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 150 holders

BlackRock, Inc. 0.00% Add +21.3% 1,853,757 $61.3M
Dimensional Fund Advisors LP 0.01% Add +10.7% 1,540,306 $50.9M
Vanguard Group Inc. 0.00% Add +9.9% 1,355,960 $44.8M
Macquarie Group Ltd. 0.04% Reduce -0.4% 884,862 $29.3M
Royce & Associates LP 0.27% Add +14.0% 782,412 $25.9M
Geode Capital Management, LLC 0.00% Add +17.4% 681,486 $22.5M
American Century Companies Inc. 0.01% Add +10.7% 567,980 $18.8M
State Street Corp. 0.00% Add +14.9% 530,150 $17.6M
Invesco Ltd. 0.00% Reduce -9.6% 434,320 $14.4M
Banc Funds Co. LLC 1.93% Reduce -0.0% 385,790 $12.8M
Hotchkis & Wiley Capital Management LLC 0.04% Add +20.6% 362,520 $12.0M
Marshall Wace, LLP 0.01% Reduce -5.6% 281,070 $9.3M
Basswood Capital Management, L.L.C. 0.45% Reduce -52.6% 273,747 $9.1M
Morgan Stanley 0.00% Reduce -8.9% 254,214 $8.4M
JPMorgan Chase & Co. 0.00% Reduce -5.8% 252,589 $8.4M
Valeo Financial Advisors, LLC 0.19% Add +6.2% 239,482 $7.9M
FJ Capital Management LLC 0.84% Reduce -24.6% 238,580 $7.9M
Charles Schwab Investment Management Inc. 0.00% Add +11.8% 226,232 $7.5M
Northern Trust Corp. 0.00% Add +30.7% 226,104 $7.5M
Royal Bank of Canada 0.00% Add +2.6% 225,859 $7.5M
Denali Advisors LLC 0.69% Add +17.8% 200,510 $6.6M
PL Capital Advisors, LLC 2.08% No change 188,294 $6.2M
Bank of New York Mellon Corp 0.00% Add +16.6% 168,781 $5.6M
Jacobs Levy Equity Management, Inc. 0.02% Add +61.1% 161,981 $5.4M
Millennium Management 0.00% Add +663.9% 154,924 $5.1M
Nuveen, LLC 0.00% Reduce -0.5% 141,857 $4.7M
Bank of America Corp. 0.00% Reduce -14.8% 140,078 $4.6M
Ameriprise Financial Inc. 0.00% Add +48.0% 133,325 $4.4M
D. E. Shaw & Co. 0.00% Add +0.2% 101,535 $3.4M
Black Maple Capital Management LP 2.31% Add +27.2% 101,100 $3.3M
Raymond James Financial Inc. 0.00% Add +48.5% 83,911 $2.8M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +140.1% 81,295 $2.7M
Goldman Sachs Group Inc. 0.00% Reduce -66.5% 81,230 $2.7M
Ballast Asset Management, LP 1.31% New 76,469 $2.5M
Russell Investments Group, Ltd. 0.00% Reduce -16.7% 72,128 $2.4M
New York State Common Retirement Fund 0.00% Add +20.1% 66,434 $2.2M
Deutsche Bank AG 0.00% Add +58.0% 65,722 $2.2M
Citadel Advisors 0.00% Add +72.1% 64,291 $2.1M
AQR Capital Management 0.00% Reduce -14.1% 63,534 $2.1M
Brandywine Global Investment Management, LLC 0.01% Reduce -4.0% 58,237 $1.9M
Susquehanna International Group, LLP 0.00% Add +15.6% 57,878 $1.9M
UBS Group AG 0.00% Add +2.0% 56,168 $1.9M
Sapient Capital LLC 0.03% Reduce -7.7% 53,491 $1.8M
Trexquant Investment LP 0.02% Add +230.5% 53,537 $1.8M
Barclays PLC 0.00% Add +111.7% 47,643 $1.6M
Franklin Resources Inc. 0.00% Add +10.3% 45,335 $1.5M
LPL Financial LLC 0.00% Reduce -17.3% 40,051 $1.3M
Swiss National Bank 0.00% Reduce -2.0% 39,400 $1.3M
Twelve Points Wealth Management LLC 0.35% Add +3.5% 39,126 $1.3M
Rhumbline Advisers 0.00% Add +41.5% 38,622 $1.3M
Formidable Asset Management, LLC 0.21% No change 34,400 $1.3M
Jane Street Group, LLC 0.00% Add +13.5% 37,301 $1.2M
Dark Forest Capital Management LP 0.05% Add +16.1% 35,680 $1.2M
Jump Financial, LLC 0.01% New 34,642 $1.1M
FMR LLC 0.00% Add +2.2% 33,400 $1.1M
Renaissance Technologies 0.00% Add +10.4% 33,000 $1.1M
Rosenthal | Henry Capital Advisors, Inc. 1.09% No change 32,602 $1.1M
First Trust Advisors LP 0.00% Reduce -62.7% 29,286 $968K
XTX Topco Ltd 0.04% Add +341.4% 27,678 $915K
Alliancebernstein L.P. 0.00% Add +52.7% 27,530 $910K
James Investment Research, Inc. 0.09% No change 23,770 $786K
Verition Fund Management LLC 0.00% Add +78.4% 23,053 $762K
PNC Financial Services Group, Inc. 0.00% Add +3.7% 22,967 $760K
Legal & General Group Plc 0.00% Add +3.8% 21,677 $717K
T. Rowe Price Associates Inc. 0.00% Add +28.6% 21,341 $706K
Wells Fargo & Company 0.00% Add +41.5% 19,624 $649K
STRS Ohio 0.00% Add +26.7% 19,000 $628K
Qube Research & Technologies Ltd 0.00% Reduce -52.1% 17,948 $594K
California State Teachers Retirement System 0.00% Reduce -6.9% 17,745 $587K
BNP Paribas Financial Markets 0.00% Add +702.4% 17,268 $571K
Stifel Financial Corp. 0.00% Add +0.5% 16,160 $534K
Mackenzie Financial Corp. 0.00% Add +34.8% 16,157 $534K
MetLife Investment Management, LLC 0.00% Add +46.1% 15,574 $515K
BCGM Wealth Management, LLC 0.14% Add +0.3% 15,477 $512K
Public Employees Retirement System of Ohio 0.00% Add +34.6% 14,994 $496K
Algert Global LLC 0.01% Add +51.6% 14,863 $492K
Quantbot Technologies LP 0.01% Add +199.9% 14,781 $489K
Impact Partnership Wealth, LLC 0.09% New 14,519 $480K
Osaic Holdings, Inc. 0.00% Add +6.5% 14,376 $475K
Boston Partners 0.00% Reduce -66.9% 14,222 $470K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Add +32.3% 14,215 $470K
Victory Capital Management Inc. 0.00% Add +5.6% 12,557 $415K
Sei Investments Co. 0.00% Reduce -94.4% 11,914 $394K
Inspire Investing, LLC 0.04% New 11,784 $390K
Commonwealth Equity Services, LLC 0.00% Add +3.6% 11,718 $388K
Citigroup Inc. 0.00% Reduce -24.4% 11,327 $375K
AlphaQuest LLC 0.04% Add +278.6% 11,234 $372K
Oxford Financial Group, LTD. LLC 0.02% New 11,137 $368K
ExodusPoint Capital Management, LP 0.00% New 11,142 $368K
Two Sigma Investments, LP 0.00% New 10,920 $361K
Aldebaran Capital, LLC 0.33% No change 10,125 $335K
Keebeck Wealth Management 0.04% New 10,000 $332K
Manufacturers Life Insurance Company, The 0.00% Add +22.4% 9,891 $327K
Federated Hermes, Inc. 0.00% Reduce -22.6% 9,602 $318K
Intech Investment Management LLC 0.00% Reduce -30.3% 9,597 $317K
Alps Advisors Inc. 0.00% Add +1.2% 9,506 $314K
Yorktown Management & Research Co Inc 0.28% No change 8,800 $291K
Sowell Financial Services LLC 0.01% Reduce -7.0% 7,987 $264K
Corton Capital Inc. 0.31% New 7,949 $263K
Meeder Advisory Services, Inc. 0.01% No change 7,500 $248K
Cetera Investment Advisers 0.00% Reduce -7.7% 7,500 $248K
Voya Investment Management LLC 0.00% New 7,253 $240K
Janus Henderson Group PLC 0.00% Reduce -97.5% 7,076 $234K
Harbor Capital Advisors, Inc. 0.01% Add +4.1% 6,914 $229K
Envestnet Asset Management Inc. 0.00% New 6,919 $229K
Brevan Howard Capital Management LP 0.00% Add +16.7% 6,890 $228K
Quantinno Capital Management LP 0.00% New 6,837 $226K
Peloton Wealth Strategists 0.09% No change 6,735 $223K
Advisory Services Network, LLC 0.00% Add +22.8% 7,062 $207K
Police & Firemen's Retirement System of New Jersey 0.00% Add +51.9% 5,867 $194K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 4,755 $157K
Matrix Trust Co 0.02% Add +10.3% 4,226 $140K
KLP Kapitalforvaltning As 0.00% No change 3,550 $118K
Cwm, LLC 0.00% Add +121.7% 3,010 $100K
Ameritas Investment Partners, Inc. 0.00% Add +44.6% 2,649 $88K
Catalyst Capital Advisors LLC 0.00% No change 2,450 $81K
2UniFi Bank 0.04% No change 2,257 $75K
Tower Research Capital LLC (TRC) 0.00% Add +110.0% 2,201 $73K
CANADA LIFE ASSURANCE Co 0.00% No change 2,191 $72K
US Bancorp \de 0.00% Reduce -48.6% 1,546 $51K
Sterling Capital Management LLC 0.00% Add +124.4% 700 $23K
Amalgamated Bank 0.00% No change 625 $21K
EverSource Wealth Advisors, LLC 0.00% Add +612.0% 356 $12K
Capital Advisors, Ltd. LLC 0.00% No change 318 $11K
Nisa Investment Advisors, LLC 0.00% Add +1152.6% 238 $8K
McIlrath & Eck, LLC 0.00% No change 230 $8K
GAMMA Investing LLC 0.00% Reduce -25.3% 145 $5K
Steward Partners Investment Advisory, LLC 0.00% No change 115 $4K
Arax Advisory Partners 0.00% New 111 $4K
Allworth Financial LP 0.00% Add +1066.7% 105 $3K
Northwestern Mutual Wealth Management Co. 0.00% New 102 $3K
Comerica Bank 0.00% Reduce -80.7% 101 $3K
Covestor Ltd 0.00% No change 81 $3K
Essential Partners LLC 0.00% — 89 $3K
IFP Advisors, Inc 0.00% New 84 $3K
Signaturefd, LLC 0.00% Reduce -89.2% 79 $3K
True Wealth Design, LLC 0.00% Reduce -26.5% 75 $2K
Versant Capital Management, Inc 0.00% New 75 $2K
Rothschild Investment LLC 0.00% Add +40.0% 70 $2K
Brooklyn Investment Group 0.00% Reduce -52.8% 68 $2K
Caitong International Asset Management Co., Ltd 0.00% Add +458.3% 67 $2K
Parkside Financial Bank & Trust 0.00% Reduce -88.5% 67 $2K
Smartleaf Asset Management LLC 0.00% New 52 $2K
National Bank of Canada 0.00% New 38 $1K
Simplex Trading, LLC 0.00% New 39 $1K
Parallel Advisors, LLC 0.00% Reduce -74.7% 19 $628
Farther Finance Advisors, LLC 0.00% Add +1300.0% 14 $463
WealthTrak Capital Management LLC 0.00% New 5 $166
NewEdge Advisors, LLC 0.00% Reduce -99.7% 2 $66
SBI Securities Co., Ltd. 0.00% No change 1 $33

"% of holder's portfolio" is MBIN's weight in each manager's 13F, not the share of Merchants Bancorp the manager owns.