Merchants BancorpMBIN
13F holders, Q2 2026 (June 30)188holders +10
25new positions
15sold out
4famous investors
$49.99avg. 13F price*
At the end of Q2 2026, 188 institutions reported holding Merchants Bancorp (MBIN) in their 13F filings, up 10 from Q1 2026. 25 opened new positions and 15 sold out. The largest holders were Elser Financial Planning, Inc ($1.3B), BlackRock, Inc. ($205.3M) and Dimensional Fund Advisors LP ($91.4M). 4 famous investors held it, including Mario Gabelli (0.0% of GAMCO Investors's portfolio), Israel Englander (0.0% of Millennium Management's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).
- Company
- Merchants Bancorp
- CUSIP
- 58844R108
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2026 → Q2 2026
| Institutions | Total Value | |
|---|---|---|
| New Positions | 25 | $6.9M |
| Exits | 15 | $10.7M |
All 13F filers, Q1 2026 → Q2 2026: 769,666 shares bought and 1,110,179 shares sold, net −340,513 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 188 holders
| Elser Financial Planning, Inc | 58.12% | Reduce -0.7% | 26,808,625 | $1.3B |
| BlackRock, Inc. | 0.00% | Add +1.3% | 4,105,193 | $205.3M |
| Dimensional Fund Advisors LP | 0.02% | Add +3.9% | 1,827,144 | $91.4M |
| State Street Corp. | 0.00% | Add +3.1% | 1,066,972 | $53.5M |
| Nomura Asset Management International Inc. | 0.08% | Reduce -4.4% | 1,044,992 | $52.3M |
| Vanguard Capital Management LLC | 0.00% | Add +1.5% | 1,015,813 | $50.8M |
| American Century Companies Inc. | 0.02% | Add +12.7% | 837,052 | $41.9M |
| Doma Perpetual Capital Management LLC | 9.40% | Reduce -27.4% | 810,082 | $40.5M |
| Geode Capital Management, LLC | 0.00% | Add +2.0% | 740,326 | $37.0M |
| Royce & Associates LP | 0.21% | Reduce -7.1% | 527,047 | $26.4M |
| Vanguard Portfolio Management LLC | 0.00% | Add +5.1% | 488,221 | $24.4M |
| Morgan Stanley | 0.00% | Add +3.6% | 308,775 | $15.4M |
| Northern Trust Corp. | 0.00% | Add +5.1% | 301,802 | $15.1M |
| Hotchkis & Wiley Capital Management LLC | 0.04% | Reduce -1.3% | 298,438 | $14.9M |
| Banc Funds Co. LLC | 2.35% | Add +1.4% | 285,062 | $14.3M |
| Basswood Capital Management, L.L.C. | 0.59% | No change | 273,747 | $13.7M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +1.8% | 252,548 | $12.6M |
| Invesco Ltd. | 0.00% | Add +55.0% | 240,395 | $12.0M |
| Bank of New York Mellon Corp | 0.00% | Reduce -0.8% | 234,378 | $11.7M |
| Valeo Financial Advisors, LLC | 0.24% | Reduce -3.5% | 226,998 | $11.3M |
| Royal Bank of Canada | 0.00% | Add +3.7% | 220,641 | $11.0M |
| Vanguard Fiduciary Trust Co. | 0.00% | Add +4.8% | 190,624 | $9.5M |
| Denali Advisors LLC | 0.88% | Reduce -10.3% | 174,576 | $8.7M |
| Principal Financial Group Inc. | 0.00% | Reduce -0.1% | 142,476 | $7.1M |
| Ballast Asset Management, LP | 2.70% | Reduce -1.0% | 135,270 | $6.8M |
| Bank of America Corp. | 0.00% | Add +13.9% | 121,142 | $6.1M |
| Russell Investments Group, Ltd. | 0.00% | Add +30.5% | 112,021 | $5.6M |
| Deutsche Bank AG | 0.00% | Add +2.6% | 105,673 | $5.3M |
| First Trust Advisors LP | 0.00% | Reduce -13.3% | 100,916 | $5.0M |
| Public Sector Pension Investment Board | 0.01% | Reduce -4.1% | 100,763 | $5.0M |
| Franklin Resources Inc. | 0.00% | Reduce -8.1% | 98,874 | $4.9M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -43.7% | 71,239 | $3.6M |
| Ameriprise Financial Inc. | 0.00% | Reduce -3.1% | 70,459 | $3.5M |
| Rhumbline Advisers | 0.00% | Reduce -13.8% | 66,756 | $3.3M |
| XTX Topco Ltd | 0.04% | Add +230.8% | 64,985 | $3.2M |
| Legal & General Group Plc | 0.00% | Add +10.2% | 64,385 | $3.2M |
| UBS Group AG | 0.00% | Reduce -23.1% | 61,772 | $3.1M |
| Sapient Capital LLC | 0.04% | No change | 60,521 | $3.0M |
| New York State Common Retirement Fund | 0.00% | Reduce -4.3% | 58,134 | $2.9M |
| Sei Investments Co. | 0.00% | Reduce -49.8% | 54,722 | $2.7M |
| State Board of Administration of Florida Retirement System | 0.00% | Reduce -5.3% | 54,235 | $2.7M |
| Nuveen, LLC | 0.00% | Add +6.5% | 50,975 | $2.5M |
| Quantinno Capital Management LP | 0.00% | Add +43.6% | 50,163 | $2.5M |
| Citigroup Inc. | 0.00% | Add +219.9% | 42,361 | $2.1M |
| Swiss National Bank | 0.00% | Add +2.0% | 41,500 | $2.1M |
| AQR Capital Management | 0.00% | Add +5.1% | 40,280 | $2.0M |
| Raymond James Financial Inc. | 0.00% | Reduce -11.3% | 38,503 | $1.9M |
| Two Sigma Investments, LP | 0.00% | Reduce -16.8% | 34,621 | $1.7M |
| LPL Financial LLC | 0.00% | Reduce -2.6% | 33,978 | $1.7M |
| T. Rowe Price Associates Inc. | 0.00% | Add +21.7% | 33,798 | $1.7M |
| Prudential Financial Inc. | 0.00% | Add +0.7% | 29,615 | $1.5M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | No change | 29,329 | $1.5M |
| Formidable Asset Management, LLC | 0.23% | Reduce -3.5% | 33,200 | $1.4M |
| Pacific Ridge Capital Partners, LLC | 0.26% | Reduce -1.1% | 28,425 | $1.4M |
| Picton Mahoney Asset Management | 0.01% | Add +19.5% | 26,915 | $1.3M |
| ExodusPoint Capital Management, LP | 0.01% | New | 25,670 | $1.3M |
| Millennium Management | 0.00% | New | 25,501 | $1.3M |
| Verdence Capital Advisors LLC | 0.07% | Reduce -3.2% | 25,019 | $1.3M |
| Federated Hermes, Inc. | 0.00% | Add +40.0% | 24,990 | $1.2M |
| California State Teachers Retirement System | 0.00% | Add +25.3% | 23,993 | $1.2M |
| James Investment Research, Inc. | 0.12% | No change | 23,770 | $1.2M |
| Alliancebernstein L.P. | 0.00% | No change | 27,618 | $1.2M |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -5.0% | 22,867 | $1.1M |
| Wells Fargo & Company | 0.00% | Add +122.3% | 21,957 | $1.1M |
| Twelve Points Wealth Management LLC | 0.20% | Reduce -10.7% | 20,466 | $1.0M |
| Thrivent Financial for Lutherans | 0.00% | Reduce -1.5% | 19,305 | $965K |
| Capstone Investment Advisors, LLC | 0.01% | New | 19,018 | $951K |
| JPMorgan Chase & Co. | 0.00% | Reduce -39.0% | 17,799 | $946K |
| Vanguard Global Advisers, LLC | 0.00% | Add +5.0% | 17,050 | $853K |
| D. E. Shaw & Co. | 0.00% | Reduce -42.1% | 16,359 | $818K |
| Stifel Financial Corp. | 0.00% | Reduce -0.1% | 16,174 | $809K |
| LJI Wealth Management, LLC | 0.11% | New | 15,000 | $750K |
| Illinois Municipal Retirement Fund | 0.01% | Reduce -1.7% | 14,873 | $744K |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.00% | No change | 14,747 | $737K |
| MetLife Investment Management, LLC | 0.00% | Add +3.2% | 14,708 | $735K |
| STRS Ohio | 0.00% | No change | 14,200 | $710K |
| Curry Webb Wealth Management LLC | 0.29% | Add +0.3% | 14,118 | $706K |
| BNP Paribas Financial Markets | 0.00% | Reduce -10.2% | 13,646 | $682K |
| Inspire Investing, LLC | 0.03% | Add +13.6% | 13,567 | $678K |
| Louisiana State Employees Retirement System | 0.01% | Reduce -0.8% | 12,900 | $645K |
| Acadian Asset Management LLC | 0.00% | Reduce -8.7% | 12,532 | $626K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -1.2% | 11,856 | $593K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -4.3% | 11,658 | $583K |
| State of Alaska, Department of Revenue | 0.01% | Reduce -29.2% | 11,649 | $582K |
| Oxford Financial Group, LTD. LLC | 0.03% | No change | 11,137 | $557K |
| Aldebaran Capital, LLC | 0.38% | No change | 10,125 | $506K |
| BCGM Wealth Management, LLC | 0.11% | Reduce -34.8% | 10,097 | $505K |
| PNC Financial Services Group, Inc. | 0.00% | Add +1.1% | 9,991 | $500K |
| New York State Teachers Retirement System | 0.00% | Add +5.5% | 9,649 | $482K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -40.8% | 8,720 | $436K |
| Barclays PLC | 0.00% | Add +49.0% | 8,629 | $431K |
| SG Americas Securities, LLC | 0.00% | Add +62.9% | 8,007 | $400K |
| Yousif Capital Management, LLC | 0.00% | Reduce -0.7% | 7,791 | $390K |
| Amalgamated Bank | 0.00% | Reduce -6.7% | 7,787 | $389K |
| Cetera Investment Advisers | 0.00% | Reduce -9.5% | 7,628 | $381K |
| Meeder Advisory Services, Inc. | 0.01% | No change | 7,500 | $375K |
| Impact Partnership Wealth, LLC | 0.04% | Reduce -49.6% | 7,319 | $366K |
| Teachers Retirement System of the State of Kentucky | 0.00% | No change | 7,300 | $365K |
| ZEGA Investments, LLC | 0.06% | New | 7,200 | $360K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 7,177 | $359K |
| Jupiter Topco LLC | 0.00% | — | 7,076 | $354K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -4.0% | 6,971 | $349K |
| Oregon Public Employees Retirement Fund | 0.00% | No change | 6,700 | $335K |
| Harbor Capital Advisors, Inc. | 0.02% | Add +16.2% | 6,239 | $312K |
| Fifth Third Bancorp | 0.00% | Reduce -1.7% | 6,184 | $309K |
| Vident Advisory, LLC | 0.00% | Add +1.9% | 5,994 | $300K |
| State of Tennessee, Department of Treasury | 0.00% | Reduce -47.1% | 5,963 | $298K |
| Arizona State Retirement System | 0.00% | Add +0.6% | 5,707 | $285K |
| Vanguard Investments Australia, Ltd. | 0.00% | No change | 5,641 | $282K |
| Intech Investment Management LLC | 0.00% | Reduce -5.4% | 5,601 | $280K |
| Jump Financial, LLC | 0.00% | New | 5,500 | $275K |
| Peloton Wealth Strategists | 0.10% | No change | 5,333 | $267K |
| Voya Investment Management LLC | 0.00% | Add +4.9% | 5,043 | $252K |
| GAMCO Investors | 0.00% | No change | 5,000 | $250K |
| Mercer Global Advisors Inc. | 0.00% | New | 4,956 | $248K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 4,755 | $238K |
| O'shaughnessy Asset Management, LLC | 0.00% | New | 4,701 | $235K |
| Wellington Grp LLC | 0.06% | No change | 4,687 | $234K |
| Fairfield, Bush & Co. | 0.11% | New | 4,650 | $232K |
| FMR LLC | 0.00% | Reduce -2.1% | 4,632 | $232K |
| Swiss Life Asset Management Ltd | 0.00% | New | 4,531 | $227K |
| Bank of Montreal | 0.00% | New | 4,495 | $225K |
| Creative Planning | 0.00% | New | 4,465 | $223K |
| KLP Kapitalforvaltning As | 0.00% | No change | 4,450 | $223K |
| Maryland State Retirement & Pension System | 0.00% | New | 4,335 | $217K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | New | 4,513 | $217K |
| Cerity Partners LLC | 0.00% | Reduce -28.6% | 4,253 | $213K |
| Graham Capital Management, L.P. | 0.01% | New | 4,110 | $206K |
| Osaic Holdings, Inc. | 0.00% | Reduce -26.9% | 2,858 | $143K |
| NBH Bank | 0.05% | — | 2,257 | $113K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 2,167 | $108K |
| USA Financial Formulas | 0.02% | — | 1,878 | $94K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -49.4% | 1,590 | $80K |
| Rockefeller Capital Management L.P. | 0.00% | No change | 1,456 | $73K |
| Arax Advisory Partners | 0.00% | Add +177.5% | 988 | $49K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.01% | No change | 697 | $35K |
| Versant Capital Management, Inc | 0.00% | No change | 594 | $30K |
| Hantz Financial Services, Inc. | 0.00% | Add +25.1% | 474 | $24K |
| GAMMA Investing LLC | 0.00% | Add +21.1% | 471 | $24K |
| Simplex Trading, LLC | 0.00% | Reduce -41.4% | 428 | $21K |
| Caitong International Asset Management Co., Ltd | 0.00% | Add +671.1% | 401 | $20K |
| Nisa Investment Advisors, LLC | 0.00% | Add +4.0% | 386 | $19K |
| Nykredit A/S | 0.00% | — | 375 | $19K |
| Sterling Capital Management LLC | 0.00% | Reduce -57.6% | 365 | $18K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 318 | $16K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | Add +4.2% | 300 | $15K |
| Public Employees Retirement System of Ohio | 0.00% | Add +112.2% | 227 | $11K |
| Jones Financial Companies LLLP | 0.00% | Add +423.3% | 225 | $11K |
| Salomon & Ludwin, LLC | 0.00% | Reduce -51.5% | 225 | $11K |
| Bessemer Group Inc. | 0.00% | No change | 220 | $11K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -64.1% | 219 | $11K |
| Farther Finance Advisors, LLC | 0.00% | Add +3.1% | 200 | $10K |
| Larson Financial Group LLC | 0.00% | Add +10.5% | 200 | $10K |
| US Bancorp \de | 0.00% | Add +124.1% | 186 | $9K |
| Owl Creek Wealth Partners LLC | 0.00% | No change | 180 | $9K |
| Allworth Financial LP | 0.00% | Add +0.6% | 160 | $8K |
| Optiver Holding B.V. | 0.00% | New | 151 | $8K |
| Aster Capital Management (DIFC) Ltd | 0.00% | New | 144 | $7K |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 108 | $5K |
| Los Angeles Capital Management LLC | 0.00% | No change | 103 | $5K |
| Northwestern Mutual Wealth Management Co. | 0.00% | No change | 100 | $5K |
| IFP Advisors, Inc | 0.00% | No change | 84 | $4K |
| Rothschild Investment LLC | 0.00% | No change | 83 | $4K |
| Signaturefd, LLC | 0.00% | No change | 55 | $3K |
| JPL Wealth Management, LLC | 0.00% | No change | 54 | $3K |
| Torren Management, LLC | 0.00% | No change | 38 | $2K |
| Keating Financial Advisory Services, Inc. | 0.00% | No change | 37 | $2K |
| True Wealth Design, LLC | 0.00% | Reduce -7.7% | 36 | $2K |
| Parallel Advisors, LLC | 0.00% | No change | 31 | $2K |
| SJS Investment Consulting Inc. | 0.00% | Add +766.7% | 26 | $1K |
| Essential Partners LLC | 0.00% | Reduce -20.0% | 24 | $1K |
| UMB Bank, n.a. | 0.00% | Add +50.0% | 24 | $1K |
| Covestor Ltd | 0.00% | Reduce -54.8% | 14 | $1K |
| Parkside Financial Bank & Trust | 0.00% | No change | 20 | $1K |
| Ameritas Advisory Services, LLC | 0.00% | New | 19 | $950 |
| Valued Wealth Advisors LLC | 0.00% | New | 16 | $802 |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 15 | $750 |
| Silver Grove Financial Group, Inc. | 0.00% | New | 14 | $700 |
| Quarry LP | 0.00% | Reduce -87.0% | 7 | $350 |
| JFS Wealth Advisors, LLC | 0.00% | New | 6 | $301 |
| Financial Consulate, Inc. | 0.00% | New | 5 | $250 |
| Gilpin Wealth Management, LLC | 0.00% | No change | 3 | $150 |
| Harbour Investments, Inc. | 0.00% | No change | 3 | $150 |
| Clearstead Advisors, LLC | 0.00% | New | 3 | $150 |
| NewEdge Advisors, LLC | 0.00% | No change | 2 | $101 |
| Davis Capital Management | 0.00% | New | 2 | $100 |
| SBI Securities Co., Ltd. | 0.00% | No change | 1 | $50 |
| Evolution Advisers, Inc. | 0.00% | New | 2 | $0 |
"% of holder's portfolio" is MBIN's weight in each manager's 13F, not the share of Merchants Bancorp the manager owns.