Merchants BancorpMBIN
13F holders, Q3 2025 (September 30)158holders +8
19new positions
11sold out
5famous investors
$31.81avg. 13F price*
At the end of Q3 2025, 158 institutions reported holding Merchants Bancorp (MBIN) in their 13F filings, up 8 from Q2 2025. 19 opened new positions and 11 sold out. The largest holders were BlackRock, Inc. ($59.0M), Dimensional Fund Advisors LP ($50.9M) and Vanguard Group Inc. ($43.8M). 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 Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio).
- Company
- Merchants Bancorp
- CUSIP
- 58844R108
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 19 | $12.2M |
| Exits | 11 | $2.4M |
All 13F filers, Q2 2025 → Q3 2025: 1,695,352 shares bought and 1,201,813 shares sold, net +493,539 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 158 holders
| BlackRock, Inc. | 0.00% | Add +0.0% | 1,854,044 | $59.0M |
| Dimensional Fund Advisors LP | 0.01% | Add +4.0% | 1,601,928 | $50.9M |
| Vanguard Group Inc. | 0.00% | Add +1.6% | 1,378,400 | $43.8M |
| Macquarie Group Ltd. | 0.03% | Add +1.4% | 897,066 | $28.5M |
| Royce & Associates LP | 0.27% | Add +10.2% | 862,119 | $27.4M |
| Geode Capital Management, LLC | 0.00% | Add +2.2% | 696,469 | $22.2M |
| American Century Companies Inc. | 0.01% | Add +10.9% | 630,077 | $20.0M |
| State Street Corp. | 0.00% | Add +3.4% | 548,263 | $17.5M |
| Hotchkis & Wiley Capital Management LLC | 0.04% | Add +7.5% | 389,878 | $12.4M |
| Millennium Management | 0.01% | Add +135.7% | 365,075 | $11.6M |
| Banc Funds Co. LLC | 1.89% | Reduce -11.7% | 340,690 | $10.8M |
| FJ Capital Management LLC | 1.01% | Add +24.6% | 297,156 | $9.4M |
| Northern Trust Corp. | 0.00% | Add +21.4% | 274,459 | $8.7M |
| Basswood Capital Management, L.L.C. | 0.40% | No change | 273,747 | $8.7M |
| Valeo Financial Advisors, LLC | 0.18% | Add +1.9% | 244,064 | $7.8M |
| Denali Advisors LLC | 0.86% | Add +19.4% | 239,414 | $7.6M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +4.8% | 237,047 | $7.5M |
| Morgan Stanley | 0.00% | Reduce -7.8% | 234,378 | $7.5M |
| Royal Bank of Canada | 0.00% | Reduce -2.0% | 221,261 | $7.0M |
| PL Capital Advisors, LLC | 1.99% | No change | 188,294 | $6.0M |
| JPMorgan Chase & Co. | 0.00% | Reduce -29.1% | 179,098 | $5.7M |
| Two Sigma Investments, LP | 0.01% | Add +1509.5% | 175,754 | $5.6M |
| Bank of New York Mellon Corp | 0.00% | Add +1.1% | 170,641 | $5.4M |
| D. E. Shaw & Co. | 0.00% | Add +43.9% | 146,067 | $4.6M |
| Ballast Asset Management, LP | 2.00% | Add +80.3% | 137,887 | $4.4M |
| Jacobs Levy Equity Management, Inc. | 0.02% | Reduce -16.7% | 134,928 | $4.3M |
| Black Maple Capital Management LP | 2.97% | Add +27.7% | 129,097 | $4.1M |
| Marshall Wace, LLP | 0.00% | Reduce -54.8% | 127,002 | $4.0M |
| Russell Investments Group, Ltd. | 0.00% | Add +47.7% | 106,508 | $3.4M |
| Deutsche Bank AG | 0.00% | Add +45.2% | 95,412 | $3.0M |
| Doma Perpetual Capital Management LLC | 1.00% | New | 93,833 | $3.0M |
| Ameriprise Financial Inc. | 0.00% | Reduce -30.1% | 93,156 | $3.0M |
| Raymond James Financial Inc. | 0.00% | Add +8.6% | 91,111 | $2.9M |
| Citadel Advisors | 0.00% | Add +30.3% | 83,776 | $2.7M |
| Goldman Sachs Group Inc. | 0.00% | Add +1.1% | 82,149 | $2.6M |
| New York State Common Retirement Fund | 0.00% | Add +13.8% | 75,634 | $2.4M |
| Bank of America Corp. | 0.00% | Reduce -47.9% | 72,970 | $2.3M |
| Jane Street Group, LLC | 0.00% | Add +64.5% | 61,351 | $2.0M |
| Walleye Capital LLC | 0.02% | New | 60,835 | $1.9M |
| Renaissance Technologies | 0.00% | Add +77.0% | 58,400 | $1.9M |
| Brandywine Global Investment Management, LLC | 0.01% | Reduce -3.6% | 56,126 | $1.8M |
| Sapient Capital LLC | 0.03% | No change | 53,491 | $1.7M |
| ExodusPoint Capital Management, LP | 0.02% | Add +378.6% | 53,323 | $1.7M |
| Trexquant Investment LP | 0.02% | Reduce -6.8% | 49,895 | $1.6M |
| Dark Forest Capital Management LP | 0.06% | Add +39.4% | 49,723 | $1.6M |
| Nuveen, LLC | 0.00% | Reduce -65.9% | 48,371 | $1.5M |
| Invesco Ltd. | 0.00% | Reduce -89.6% | 45,151 | $1.4M |
| BNP Paribas Financial Markets | 0.00% | Add +156.4% | 44,274 | $1.4M |
| Verition Fund Management LLC | 0.01% | Add +82.5% | 42,073 | $1.3M |
| UBS Group AG | 0.00% | Reduce -27.0% | 40,989 | $1.3M |
| Swiss National Bank | 0.00% | Add +1.5% | 40,000 | $1.3M |
| LPL Financial LLC | 0.00% | Reduce -0.7% | 39,780 | $1.3M |
| FMR LLC | 0.00% | Add +14.7% | 38,315 | $1.2M |
| Jump Financial, LLC | 0.02% | Add +9.4% | 37,900 | $1.2M |
| Rhumbline Advisers | 0.00% | Reduce -2.1% | 37,817 | $1.2M |
| Two Sigma Advisers, LP | 0.00% | New | 37,200 | $1.2M |
| Barclays PLC | 0.00% | Reduce -23.3% | 36,525 | $1.2M |
| EJF Capital LP | 0.67% | New | 36,297 | $1.2M |
| Formidable Asset Management, LLC | 0.18% | No change | 34,400 | $1.1M |
| Twelve Points Wealth Management LLC | 0.28% | Reduce -10.3% | 35,097 | $1.1M |
| AQR Capital Management | 0.00% | Reduce -46.3% | 34,134 | $1.1M |
| PNC Financial Services Group, Inc. | 0.00% | Add +38.8% | 31,883 | $1.0M |
| Algert Global LLC | 0.02% | Add +97.2% | 29,303 | $932K |
| XTX Topco Ltd | 0.05% | Add +5.0% | 29,057 | $924K |
| Y-Intercept (Hong Kong) Ltd | 0.02% | New | 27,630 | $879K |
| Alliancebernstein L.P. | 0.00% | No change | 27,530 | $875K |
| Squarepoint Ops LLC | 0.00% | New | 27,012 | $859K |
| First Trust Advisors LP | 0.00% | Reduce -13.7% | 25,264 | $803K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -69.4% | 24,886 | $791K |
| James Investment Research, Inc. | 0.08% | No change | 23,770 | $756K |
| Quantinno Capital Management LP | 0.00% | Add +239.3% | 23,201 | $738K |
| Wells Fargo & Company | 0.00% | Add +16.5% | 22,865 | $727K |
| Legal & General Group Plc | 0.00% | Add +4.6% | 22,676 | $721K |
| T. Rowe Price Associates Inc. | 0.00% | Add +3.1% | 22,002 | $700K |
| STRS Ohio | 0.00% | Add +8.9% | 20,700 | $658K |
| California State Teachers Retirement System | 0.00% | Add +9.2% | 19,369 | $616K |
| Mackenzie Financial Corp. | 0.00% | Add +18.0% | 19,062 | $606K |
| HRT Financial LP | 0.00% | New | 18,288 | $581K |
| Susquehanna International Group, LLP | 0.00% | Reduce -68.7% | 18,108 | $576K |
| Quantbot Technologies LP | 0.02% | Add +22.4% | 18,095 | $575K |
| Franklin Resources Inc. | 0.00% | Reduce -61.6% | 17,420 | $554K |
| Boston Partners | 0.00% | Add +14.5% | 16,278 | $518K |
| Stifel Financial Corp. | 0.00% | Add +0.1% | 16,168 | $514K |
| Semanteon Capital Management, LP | 0.64% | New | 16,129 | $513K |
| Manufacturers Life Insurance Company, The | 0.00% | Add +58.3% | 15,656 | $498K |
| MetLife Investment Management, LLC | 0.00% | No change | 15,574 | $495K |
| BCGM Wealth Management, LLC | 0.13% | No change | 15,477 | $492K |
| Pacific Ridge Capital Partners, LLC | 0.11% | New | 15,224 | $484K |
| Public Employees Retirement System of Ohio | 0.00% | No change | 14,994 | $477K |
| AlphaQuest LLC | 0.03% | Add +32.0% | 14,828 | $472K |
| Osaic Holdings, Inc. | 0.00% | Add +2.3% | 14,707 | $471K |
| Impact Partnership Wealth, LLC | 0.07% | No change | 14,519 | $462K |
| Inspire Investing, LLC | 0.04% | Add +21.6% | 14,334 | $456K |
| Victory Capital Management Inc. | 0.00% | Add +8.9% | 13,675 | $435K |
| Sei Investments Co. | 0.00% | Add +13.1% | 13,471 | $428K |
| Balyasny Asset Management L.P. | 0.00% | New | 13,043 | $415K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -14.5% | 12,160 | $387K |
| Qube Research & Technologies Ltd | 0.00% | Reduce -34.2% | 11,805 | $375K |
| Commonwealth Equity Services, LLC | 0.00% | Add +0.6% | 11,786 | $375K |
| Aquatic Capital Management LLC | 0.01% | New | 11,407 | $363K |
| Oxford Financial Group, LTD. LLC | 0.02% | No change | 11,137 | $354K |
| Intech Investment Management LLC | 0.00% | Add +11.5% | 10,699 | $340K |
| SG Americas Securities, LLC | 0.00% | New | 10,463 | $333K |
| Aldebaran Capital, LLC | 0.30% | No change | 10,125 | $322K |
| Keebeck Wealth Management | 0.04% | No change | 10,000 | $319K |
| Federated Hermes, Inc. | 0.00% | Reduce -0.0% | 9,601 | $305K |
| Yorktown Management & Research Co Inc | 0.22% | No change | 8,800 | $280K |
| Caxton Associates LLP | 0.01% | New | 8,050 | $256K |
| Meeder Advisory Services, Inc. | 0.01% | No change | 7,500 | $239K |
| Cetera Investment Advisers | 0.00% | No change | 7,500 | $239K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Add +22.3% | 7,177 | $228K |
| Janus Henderson Group PLC | 0.00% | No change | 7,076 | $225K |
| Advisory Services Network, LLC | 0.00% | No change | 7,062 | $225K |
| Brevan Howard Capital Management LP | 0.00% | Add +2.4% | 7,056 | $224K |
| Harbor Capital Advisors, Inc. | 0.02% | Add +1.0% | 6,981 | $222K |
| Engineers Gate Manager LP | 0.00% | New | 6,372 | $203K |
| Peloton Wealth Strategists | 0.08% | Reduce -6.5% | 6,295 | $200K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 4,755 | $151K |
| Matrix Trust Co | 0.02% | Reduce -3.4% | 4,082 | $130K |
| KLP Kapitalforvaltning As | 0.00% | No change | 3,550 | $113K |
| Citigroup Inc. | 0.00% | Reduce -71.2% | 3,260 | $104K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +23.4% | 2,717 | $86K |
| Catalyst Capital Advisors LLC | 0.00% | No change | 2,450 | $78K |
| 2UniFi Bank | 0.04% | No change | 2,257 | $72K |
| CANADA LIFE ASSURANCE Co | 0.00% | No change | 2,191 | $70K |
| Ameritas Investment Partners, Inc. | 0.00% | Reduce -18.2% | 2,167 | $69K |
| State of Alaska, Department of Revenue | 0.00% | New | 1,802 | $57K |
| Sterling Capital Management LLC | 0.00% | Add +155.7% | 1,790 | $57K |
| Cwm, LLC | 0.00% | Reduce -49.8% | 1,510 | $48K |
| Versant Capital Management, Inc | 0.00% | Add +738.7% | 629 | $20K |
| Amalgamated Bank | 0.00% | No change | 625 | $20K |
| Arax Advisory Partners | 0.00% | Add +417.1% | 574 | $18K |
| Rockefeller Capital Management L.P. | 0.00% | New | 450 | $14K |
| Simplex Trading, LLC | 0.00% | Add +969.2% | 417 | $13K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +7.9% | 384 | $12K |
| Covestor Ltd | 0.01% | Add +283.9% | 311 | $10K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 318 | $10K |
| Nisa Investment Advisors, LLC | 0.00% | No change | 238 | $8K |
| GAMMA Investing LLC | 0.00% | Add +46.2% | 212 | $7K |
| Caitong International Asset Management Co., Ltd | 0.00% | Add +213.4% | 210 | $7K |
| Optiver Holding B.V. | 0.00% | New | 176 | $6K |
| Quadrant Capital Group LLC | 0.00% | New | 171 | $5K |
| US Bancorp \de | 0.00% | Reduce -90.2% | 151 | $5K |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 115 | $4K |
| Comerica Bank | 0.00% | Add +12.9% | 114 | $4K |
| National Bank of Canada | 0.00% | Add +181.6% | 107 | $3K |
| Northwestern Mutual Wealth Management Co. | 0.00% | No change | 102 | $3K |
| IFP Advisors, Inc | 0.00% | Reduce -4.8% | 80 | $3K |
| True Wealth Design, LLC | 0.00% | Reduce -14.7% | 64 | $2K |
| Essential Partners LLC | 0.00% | Reduce -28.1% | 64 | $2K |
| Signaturefd, LLC | 0.00% | Reduce -30.4% | 55 | $2K |
| Allworth Financial LP | 0.00% | Reduce -66.7% | 35 | $1K |
| Rothschild Investment LLC | 0.00% | Reduce -57.1% | 30 | $954 |
| Parallel Advisors, LLC | 0.00% | Reduce -63.2% | 7 | $223 |
| NewEdge Advisors, LLC | 0.00% | No change | 2 | $64 |
| Larson Financial Group LLC | 0.00% | New | 2 | $64 |
| SBI Securities Co., Ltd. | 0.00% | No change | 1 | $32 |
| Farther Finance Advisors, LLC | 0.00% | Reduce -92.9% | 1 | $32 |
"% of holder's portfolio" is MBIN's weight in each manager's 13F, not the share of Merchants Bancorp the manager owns.