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
$34.06
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
15,759,101
Total reported value
$501,264,351
% of total 13F portfolios
0%
Share change
+466,077
Value change
+$14,730,385
Number of holders
156
Price from insider filings
$34.06
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 30 Sep 2025, 156 institutional investors reported holding 15,759,101 shares of Merchants Bancorp - Common Stock (MBIN). This represents 34% 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 27% 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% 1,854,044 +0.02% 0% $58,958,600
DIMENSIONAL FUND ADVISORS LP 3.5% 1,601,928 +4% 0.01% $50,942,108
VANGUARD GROUP INC 3% 1,378,400 +1.7% 0% $43,833,120
MACQUARIE GROUP LTD 2% 897,066 +1.4% 0.03% $28,527,000
ROYCE & ASSOCIATES LP 1.9% 862,119 +10% 0.27% $27,415,384
GEODE CAPITAL MANAGEMENT, LLC 1.5% 696,469 +2.2% 0% $22,150,351
AMERICAN CENTURY COMPANIES INC 1.4% 630,077 +11% 0.01% $20,036,448
STATE STREET CORP 1.2% 548,263 +3.4% 0% $17,488,313
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.85% 389,878 +7.5% 0.04% $12,398,120
MILLENNIUM MANAGEMENT LLC 0.8% 365,075 +136% 0.01% $11,609,385
BANC FUNDS CO LLC 0.74% 340,690 -12% 1.9% $10,833,942
FJ Capital Management LLC 0.65% 297,156 +25% 1% $9,449,561
NORTHERN TRUST CORP 0.6% 274,459 +21% 0% $8,727,796
BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.6% 273,747 0% 0.4% $8,705,155
Valeo Financial Advisors, LLC 0.53% 244,064 +1.9% 0.18% $7,761,220
DENALI ADVISORS LLC 0.52% 239,414 +19% 0.86% $7,613,365
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.52% 237,047 +4.8% 0% $7,538,095
MORGAN STANLEY 0.51% 234,378 -7.8% 0% $7,453,249
ROYAL BANK OF CANADA 0.48% 221,261 -2% 0% $7,037,000
PL Capital Advisors, LLC 0.41% 188,294 0% 2% $5,987,749
JPMORGAN CHASE & CO 0.39% 179,098 -29% 0% $5,695,317
TWO SIGMA INVESTMENTS, LP 0.38% 175,754 +1509% 0.01% $5,588,977
Bank of New York Mellon Corp 0.37% 170,641 +1.1% 0% $5,426,378
D. E. Shaw & Co., Inc. 0.32% 146,067 +44% 0% $4,644,931
Ballast Asset Management, LP 0.3% 137,887 +80% 2% $4,384,807

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 68,026 $2,239,268 -$146,881 $34.06 10
2025 Q3 15,759,101 $501,264,351 +$14,730,385 $31.80 156
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