Merchants Bancorp - Common Stock (MBIN) Institutional Ownership

13F Institutional Holders and Ownership History from Q4 2017 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
MBIN on Nasdaq
Shares outstanding
45,835,656
Price per share
$34.32
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
16,063,892
Total reported value
$547,113,218
% of total 13F portfolios
0%
Share change
-788,832
Value change
-$22,627,609
Number of holders
147
Price from insider filings
$34.32
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Merchants Bancorp - Common Stock (MBIN) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Petrie Michael F. 28% $410,386,794 12,650,641 Michael F. Petrie 11 Dec 2024

As of 31 Dec 2025, 147 institutional investors reported holding 16,063,892 shares of Merchants Bancorp - Common Stock (MBIN). This represents 35% of the company’s total 45,835,656 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Merchants Bancorp - Common Stock (MBIN) together control 29% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 4.1% 1,881,468 +1.5% 0% $64,082,801
DIMENSIONAL FUND ADVISORS LP 3.6% 1,656,898 +3.4% 0.01% $56,432,591
VANGUARD GROUP INC 3.1% 1,414,584 +2.6% 0% $48,180,732
Doma Perpetual Capital Management LLC 2.4% 1,115,594 +1089% 11% $37,997,132
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 2.4% 1,110,383 0% 0.06% $37,820,000
ROYCE & ASSOCIATES LP 1.8% 808,314 -6.2% 0.28% $27,531,175
GEODE CAPITAL MANAGEMENT, LLC 1.6% 715,394 +2.7% 0% $24,370,856
AMERICAN CENTURY COMPANIES INC 1.5% 675,517 +7.2% 0.01% $23,008,109
STATE STREET CORP 1.3% 574,086 +4.7% 0% $19,608,655
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.85% 391,068 +0.31% 0.04% $13,319,776
BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.6% 273,747 0% 0.41% $9,323,823
NORTHERN TRUST CORP 0.56% 256,199 -6.7% 0% $8,726,138
MORGAN STANLEY 0.56% 254,779 +8.7% 0% $8,677,856
BANC FUNDS CO LLC 0.53% 244,462 -28% 1.6% $8,326,376
Valeo Financial Advisors, LLC 0.53% 244,108 +0.02% 0.18% $8,314,303
DENALI ADVISORS LLC 0.52% 237,614 -0.75% 0.9% $8,093,133
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.51% 234,637 -1% 0% $7,991,736
ROYAL BANK OF CANADA 0.45% 205,953 -6.9% 0% $7,015,000
D. E. Shaw & Co., Inc. 0.39% 180,308 +23% 0% $6,141,290
Bank of New York Mellon Corp 0.36% 164,371 -3.7% 0% $5,598,490
GOLDMAN SACHS GROUP INC 0.35% 162,285 +98% 0% $5,527,430
FIRST TRUST ADVISORS LP 0.31% 141,145 +459% 0% $4,807,398
MARSHALL WACE, LLP 0.31% 140,168 +10% 0% $4,774,124
Qube Research & Technologies Ltd 0.3% 139,256 +1080% 0.01% $4,743,059
Ballast Asset Management, LP 0.29% 133,296 -3.3% 2.1% $4,540,062

Institutional Holders of Merchants Bancorp - Common Stock (MBIN) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 16,063,892 $547,113,218 -$22,627,609 $34.06 147
2025 Q3 15,759,181 $501,266,895 +$14,729,781 $31.80 157
2025 Q2 15,266,102 $505,016,743 +$10,615,340 $33.07 149
2025 Q1 14,897,761 $551,097,878 -$983,116,860 $37.00 160
2024 Q4 41,877,159 $1,527,514,427 +$991,503,850 $36.47 170
2024 Q3 14,553,354 $654,255,075 +$1,534,463 $44.96 173
2024 Q2 14,528,512 $589,033,000 +$103,523,736 $40.54 173
2024 Q1 11,955,132 $515,731,584 -$539,637 $43.18 172
2023 Q4 11,971,882 $509,819,238 +$50,810,926 $42.58 163
2023 Q3 10,682,288 $296,146,549 +$5,123,043 $27.72 121
2023 Q2 10,611,970 $271,480,951 +$5,894,910 $25.58 111
2023 Q1 10,278,120 $267,756,542 +$3,943,743 $26.04 123
2022 Q4 10,140,714 $246,648,637 +$3,849,364 $24.32 112
2022 Q3 9,976,146 $229,786,943 +$6,788,405 $23.07 119
2022 Q2 9,625,347 $217,867,272 +$5,146,760 $22.67 110
2022 Q1 9,504,223 $260,240,697 +$81,261,912 $27.38 119
2021 Q4 6,382,219 $301,959,628 +$3,262,528 $47.33 111
2021 Q3 6,335,222 $249,986,323 -$5,864,550 $39.47 102
2021 Q2 6,484,892 $254,481,571 -$3,688,025 $39.24 108
2021 Q1 6,560,966 $275,203,098 +$13,486,736 $41.94 104
2020 Q4 6,263,746 $173,077,015 +$7,141,086 $27.63 91
2020 Q3 6,160,719 $121,448,677 -$1,077,378 $19.71 78
2020 Q2 6,218,152 $114,980,433 +$1,106,935 $18.49 78
2020 Q1 6,198,259 $94,107,275 -$478,461 $15.18 74
2019 Q4 6,218,827 $122,581,490 +$3,905,224 $19.71 71
2019 Q3 6,148,779 $101,696,390 -$1,497,992 $16.54 71
2019 Q2 6,235,856 $106,210,712 -$2,375,382 $17.03 72
2019 Q1 6,436,075 $138,398,361 +$1,600,077 $21.50 65
2018 Q4 6,384,580 $127,531,864 -$2,576,055 $19.96 68
2018 Q3 6,429,299 $163,291,871 -$876,394 $25.42 70
2018 Q2 6,433,091 $183,378,720 +$13,512,678 $28.53 75
2018 Q1 6,079,934 $130,720,703 +$1,254,287 $21.50 57
2017 Q4 6,048,880 $119,042,072 +$118,114,072 $19.68 59