Merchants BancorpMBIN
13F holders, Q1 2026 (March 31)178holders +27
44new positions
21sold out
4famous investors
$43.36avg. 13F price*
At the end of Q1 2026, 178 institutions reported holding Merchants Bancorp (MBIN) in their 13F filings, up 27 from Q4 2025. 44 opened new positions and 21 sold out. The largest holders were Elser Financial Planning, Inc ($1.2B), BlackRock, Inc. ($173.8M) and Dimensional Fund Advisors LP ($75.5M). 4 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Mario Gabelli (0.0% of GAMCO Investors's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).
- Company
- Merchants Bancorp
- CUSIP
- 58844R108
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2025 → Q1 2026
| Institutions | Total Value | |
|---|---|---|
| New Positions | 44 | $1.2B |
| Exits | 21 | $29.0M |
All 13F filers, Q4 2025 → Q1 2026: 31,137,249 shares bought and 1,908,933 shares sold, net +29,228,316 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 178 holders
| Elser Financial Planning, Inc | 57.21% | New | 26,983,101 | $1.2B |
| BlackRock, Inc. | 0.00% | Add +115.3% | 4,050,918 | $173.8M |
| Dimensional Fund Advisors LP | 0.02% | Add +6.2% | 1,758,985 | $75.5M |
| Doma Perpetual Capital Management LLC | 12.85% | No change | 1,115,594 | $47.9M |
| Nomura Asset Management International Inc. | 0.08% | Reduce -1.6% | 1,093,004 | $46.9M |
| State Street Corp. | 0.00% | Add +80.2% | 1,034,632 | $44.5M |
| Vanguard Capital Management LLC | 0.00% | — | 1,000,776 | $42.9M |
| American Century Companies Inc. | 0.02% | Add +9.9% | 742,635 | $31.9M |
| Geode Capital Management, LLC | 0.00% | Add +1.4% | 725,435 | $31.1M |
| Royce & Associates LP | 0.24% | Reduce -29.8% | 567,267 | $24.3M |
| Vanguard Portfolio Management LLC | 0.00% | — | 464,663 | $19.9M |
| Hotchkis & Wiley Capital Management LLC | 0.04% | Reduce -22.7% | 302,408 | $13.0M |
| Morgan Stanley | 0.00% | Add +17.0% | 298,060 | $12.8M |
| Northern Trust Corp. | 0.00% | Add +12.1% | 287,093 | $12.3M |
| Banc Funds Co. LLC | 2.25% | Add +15.0% | 281,062 | $12.1M |
| Basswood Capital Management, L.L.C. | 0.60% | No change | 273,747 | $11.7M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +5.7% | 248,082 | $10.6M |
| Bank of New York Mellon Corp | 0.00% | Add +43.7% | 236,146 | $10.1M |
| Valeo Financial Advisors, LLC | 0.24% | Reduce -3.7% | 235,100 | $10.1M |
| Royal Bank of Canada | 0.00% | Add +3.4% | 212,852 | $9.1M |
| Denali Advisors LLC | 0.93% | Reduce -18.1% | 194,710 | $8.4M |
| Vanguard Fiduciary Trust Co. | 0.00% | — | 181,876 | $7.8M |
| Invesco Ltd. | 0.00% | Add +238.4% | 155,067 | $6.7M |
| Principal Financial Group Inc. | 0.00% | New | 142,616 | $6.1M |
| Ballast Asset Management, LP | 2.61% | Add +2.5% | 136,586 | $5.9M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -22.0% | 126,561 | $5.4M |
| First Trust Advisors LP | 0.00% | Reduce -17.6% | 116,355 | $5.0M |
| Sei Investments Co. | 0.00% | Add +94.9% | 108,975 | $4.7M |
| Franklin Resources Inc. | 0.00% | Add +520.4% | 107,571 | $4.6M |
| Bank of America Corp. | 0.00% | Add +66.8% | 106,357 | $4.6M |
| Public Sector Pension Investment Board | 0.01% | New | 105,057 | $4.5M |
| Deutsche Bank AG | 0.00% | Add +49.8% | 102,958 | $4.4M |
| Mackenzie Financial Corp. | 0.00% | Add +51.9% | 87,093 | $3.7M |
| Russell Investments Group, Ltd. | 0.00% | Reduce -30.0% | 85,842 | $3.7M |
| UBS Group AG | 0.00% | Add +6.2% | 80,275 | $3.4M |
| Rhumbline Advisers | 0.00% | Add +132.4% | 77,434 | $3.3M |
| Ameriprise Financial Inc. | 0.00% | Add +65.2% | 72,752 | $3.1M |
| New York State Common Retirement Fund | 0.00% | Reduce -14.5% | 60,734 | $2.6M |
| Sapient Capital LLC | 0.04% | Reduce -19.9% | 60,521 | $2.6M |
| Legal & General Group Plc | 0.00% | Add +169.7% | 58,447 | $2.5M |
| State Board of Administration of Florida Retirement System | 0.00% | New | 57,240 | $2.5M |
| Renaissance Technologies | 0.00% | Add +8.4% | 49,089 | $2.1M |
| Nuveen, LLC | 0.00% | Add +2.5% | 47,878 | $2.1M |
| Raymond James Financial Inc. | 0.00% | Reduce -48.1% | 43,403 | $1.9M |
| Two Sigma Investments, LP | 0.00% | Reduce -48.1% | 41,621 | $1.8M |
| Swiss National Bank | 0.00% | No change | 40,700 | $1.7M |
| AQR Capital Management | 0.00% | Reduce -8.5% | 38,312 | $1.6M |
| Quantinno Capital Management LP | 0.00% | Add +2.4% | 34,926 | $1.5M |
| LPL Financial LLC | 0.00% | Reduce -5.2% | 34,881 | $1.5M |
| Wakefield Asset Management LLLP | 0.34% | New | 29,530 | $1.3M |
| Prudential Financial Inc. | 0.00% | New | 29,415 | $1.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -50.3% | 29,329 | $1.3M |
| Trexquant Investment LP | 0.01% | Reduce -56.9% | 29,191 | $1.3M |
| JPMorgan Chase & Co. | 0.00% | Reduce -71.3% | 29,161 | $1.2M |
| Pacific Ridge Capital Partners, LLC | 0.27% | Add +31.1% | 28,753 | $1.2M |
| D. E. Shaw & Co. | 0.00% | Reduce -84.3% | 28,275 | $1.2M |
| T. Rowe Price Associates Inc. | 0.00% | Add +15.7% | 27,778 | $1.2M |
| Formidable Asset Management, LLC | 0.18% | No change | 34,400 | $1.2M |
| Verdence Capital Advisors LLC | 0.06% | New | 25,849 | $1.1M |
| CANADA LIFE ASSURANCE Co | 0.00% | Add +999.2% | 24,083 | $1.0M |
| James Investment Research, Inc. | 0.11% | No change | 23,770 | $1.0M |
| Twelve Points Wealth Management LLC | 0.22% | Reduce -4.7% | 22,916 | $983K |
| Picton Mahoney Asset Management | 0.01% | New | 22,530 | $967K |
| Alliancebernstein L.P. | 0.00% | Add +0.3% | 27,618 | $941K |
| XTX Topco Ltd | 0.01% | Reduce -5.8% | 19,647 | $843K |
| Thrivent Financial for Lutherans | 0.00% | New | 19,605 | $841K |
| California State Teachers Retirement System | 0.00% | Reduce -1.0% | 19,149 | $822K |
| Federated Hermes, Inc. | 0.00% | Add +30.1% | 17,844 | $766K |
| State of Alaska, Department of Revenue | 0.01% | Add +736.4% | 16,452 | $705K |
| Vanguard Global Advisers, LLC | 0.00% | — | 16,237 | $697K |
| Stifel Financial Corp. | 0.00% | Reduce -0.1% | 16,198 | $695K |
| BCGM Wealth Management, LLC | 0.17% | No change | 15,477 | $664K |
| BNP Paribas Financial Markets | 0.00% | Reduce -44.5% | 15,198 | $652K |
| Illinois Municipal Retirement Fund | 0.01% | New | 15,132 | $649K |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.00% | — | 14,747 | $633K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -0.6% | 14,729 | $632K |
| Impact Partnership Wealth, LLC | 0.08% | No change | 14,519 | $623K |
| MetLife Investment Management, LLC | 0.00% | Reduce -8.5% | 14,247 | $611K |
| STRS Ohio | 0.00% | Reduce -24.1% | 14,200 | $609K |
| Curry Webb Wealth Management LLC | 0.29% | Reduce -18.3% | 14,083 | $604K |
| Acadian Asset Management LLC | 0.00% | New | 13,721 | $587K |
| Citigroup Inc. | 0.00% | Add +376.3% | 13,241 | $568K |
| Louisiana State Employees Retirement System | 0.01% | New | 13,000 | $558K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +1.3% | 12,184 | $523K |
| Commonwealth Equity Services, LLC | 0.00% | Add +0.5% | 12,000 | $515K |
| Inspire Investing, LLC | 0.03% | Reduce -35.6% | 11,944 | $513K |
| State of Tennessee, Department of Treasury | 0.00% | New | 11,263 | $483K |
| Oxford Financial Group, LTD. LLC | 0.03% | No change | 11,137 | $478K |
| Susquehanna International Group, LLP | 0.00% | Reduce -28.6% | 10,168 | $436K |
| Aldebaran Capital, LLC | 0.33% | No change | 10,125 | $434K |
| PNC Financial Services Group, Inc. | 0.00% | Add +0.1% | 9,878 | $424K |
| Wells Fargo & Company | 0.00% | Reduce -69.2% | 9,875 | $424K |
| Mirabella Financial Services LLP | 0.04% | Reduce -35.3% | 9,706 | $416K |
| New York State Teachers Retirement System | 0.00% | New | 9,146 | $392K |
| Cetera Investment Advisers | 0.00% | Add +10.9% | 8,428 | $362K |
| Landscape Capital Management, L.L.C. | 0.02% | New | 8,388 | $360K |
| Amalgamated Bank | 0.00% | Add +923.2% | 8,349 | $358K |
| Yousif Capital Management, LLC | 0.00% | New | 7,847 | $337K |
| Meeder Advisory Services, Inc. | 0.01% | No change | 7,500 | $322K |
| Teachers Retirement System of the State of Kentucky | 0.00% | New | 7,300 | $313K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | New | 7,263 | $312K |
| Two Sigma Securities, LLC | 0.04% | New | 7,224 | $310K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 7,177 | $308K |
| Janus Henderson Group PLC | 0.00% | No change | 7,076 | $304K |
| Brevan Howard Capital Management LP | 0.00% | New | 6,721 | $288K |
| Oregon Public Employees Retirement Fund | 0.00% | New | 6,700 | $287K |
| Fifth Third Bancorp | 0.00% | New | 6,292 | $270K |
| Cerity Partners LLC | 0.00% | New | 5,960 | $256K |
| Intech Investment Management LLC | 0.00% | Reduce -37.1% | 5,922 | $254K |
| Vident Advisory, LLC | 0.00% | New | 5,883 | $252K |
| Barclays PLC | 0.00% | Reduce -85.7% | 5,791 | $248K |
| Arizona State Retirement System | 0.00% | New | 5,672 | $243K |
| Vanguard Investments Australia, Ltd. | 0.00% | — | 5,641 | $242K |
| Harbor Capital Advisors, Inc. | 0.02% | Reduce -31.5% | 5,371 | $230K |
| Peloton Wealth Strategists | 0.10% | Reduce -10.9% | 5,333 | $229K |
| Engineers Gate Manager LP | 0.00% | New | 5,237 | $225K |
| GAMCO Investors | 0.00% | New | 5,000 | $215K |
| SG Americas Securities, LLC | 0.00% | Reduce -41.0% | 4,915 | $211K |
| Advisory Services Network, LLC | 0.00% | Reduce -32.6% | 4,867 | $209K |
| Voya Investment Management LLC | 0.00% | New | 4,809 | $206K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 4,755 | $204K |
| FMR LLC | 0.00% | Reduce -90.5% | 4,732 | $203K |
| Wellington Grp LLC | 0.06% | No change | 4,687 | $201K |
| KLP Kapitalforvaltning As | 0.00% | No change | 4,450 | $191K |
| Osaic Holdings, Inc. | 0.00% | Reduce -5.7% | 3,910 | $168K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +15.7% | 3,139 | $135K |
| Cwm, LLC | 0.00% | Add +38.7% | 2,493 | $107K |
| 2UniFi Bank | 0.05% | No change | 2,257 | $97K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 2,167 | $93K |
| Rockefeller Capital Management L.P. | 0.00% | Add +123.7% | 1,456 | $62K |
| Quantbot Technologies LP | 0.00% | Reduce -72.4% | 1,069 | $46K |
| Sterling Capital Management LLC | 0.00% | Reduce -42.7% | 860 | $37K |
| Simplex Trading, LLC | 0.00% | Add +113.5% | 730 | $31K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.01% | Reduce -30.3% | 697 | $30K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +2.4% | 610 | $26K |
| Versant Capital Management, Inc | 0.00% | Add +29.1% | 594 | $25K |
| Salomon & Ludwin, LLC | 0.00% | New | 464 | $21K |
| GAMMA Investing LLC | 0.00% | Add +113.7% | 389 | $17K |
| Hantz Financial Services, Inc. | 0.00% | New | 379 | $16K |
| Nisa Investment Advisors, LLC | 0.00% | Add +55.9% | 371 | $16K |
| Arax Advisory Partners | 0.00% | Reduce -3.8% | 356 | $15K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 318 | $14K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 288 | $12K |
| Bessemer Group Inc. | 0.00% | New | 220 | $9K |
| Farther Finance Advisors, LLC | 0.00% | Add +3780.0% | 194 | $9K |
| Larson Financial Group LLC | 0.00% | Add +9.7% | 181 | $8K |
| Owl Creek Wealth Partners LLC | 0.00% | — | 180 | $8K |
| Quadrant Capital Group LLC | 0.00% | No change | 171 | $7K |
| Allworth Financial LP | 0.00% | Add +28.2% | 159 | $7K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -6.1% | 108 | $5K |
| Public Employees Retirement System of Ohio | 0.00% | New | 107 | $5K |
| Los Angeles Capital Management LLC | 0.00% | No change | 103 | $4K |
| Northwestern Mutual Wealth Management Co. | 0.00% | New | 100 | $4K |
| IFP Advisors, Inc | 0.00% | Add +2.4% | 84 | $4K |
| Rothschild Investment LLC | 0.00% | Add +15.3% | 83 | $4K |
| US Bancorp \de | 0.00% | Add +23.9% | 83 | $4K |
| Signaturefd, LLC | 0.00% | No change | 55 | $2K |
| JPL Wealth Management, LLC | 0.00% | New | 54 | $2K |
| Quarry LP | 0.00% | New | 54 | $2K |
| Caitong International Asset Management Co., Ltd | 0.00% | New | 52 | $2K |
| Jones Financial Companies LLLP | 0.00% | New | 43 | $2K |
| True Wealth Design, LLC | 0.00% | Add +5.4% | 39 | $2K |
| Torren Management, LLC | 0.00% | No change | 38 | $2K |
| Keating Financial Advisory Services, Inc. | 0.00% | Add +3600.0% | 37 | $2K |
| MAI Capital Management | 0.00% | Add +126.7% | 34 | $1K |
| Parallel Advisors, LLC | 0.00% | Add +55.0% | 31 | $1K |
| Essential Partners LLC | 0.00% | Add +7.1% | 30 | $1K |
| Covestor Ltd | 0.00% | Reduce -38.0% | 31 | $1K |
| Parkside Financial Bank & Trust | 0.00% | No change | 20 | $858 |
| Root Financial Partners, LLC | 0.00% | New | 19 | $815 |
| UMB Bank, n.a. | 0.00% | New | 16 | $687 |
| Farmers & Merchants Investments Inc. | 0.00% | New | 15 | $644 |
| Gilpin Wealth Management, LLC | 0.00% | New | 3 | $129 |
| Harbour Investments, Inc. | 0.00% | New | 3 | $129 |
| SJS Investment Consulting Inc. | 0.00% | New | 3 | $129 |
| NewEdge Advisors, LLC | 0.00% | No change | 2 | $87 |
| Sunbelt Securities, Inc. | 0.00% | Reduce -75.0% | 1 | $43 |
| SBI Securities Co., Ltd. | 0.00% | No change | 1 | $43 |
"% of holder's portfolio" is MBIN's weight in each manager's 13F, not the share of Merchants Bancorp the manager owns.