MBIN Merchants Bancorp
Merchants Bancorp (MBIN) Institutional Ownership
What the institutions did with MBIN last quarter, from their 13F filings. Counting managers rather than shares is the point: a single index fund adding to a position tells you far less than four hundred separate managers all deciding to. Positions as reported for the quarter ended June 30, 2026.
Every manager below opens. Subscribers can see any firm's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.
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Each block is one manager, sized by shares held and colored by how much they moved the position last quarter. Green added, red cut, grey stood pat.
Largest holders
| Manager | Shares | % of reported |
|---|---|---|
| Elser Financial Planning, Inc | 26.8M | 59.4% |
| BlackRock, Inc. | 4.1M | 9.1% |
| DIMENSIONAL FUND ADVISORS LP | 1.8M | 4.0% |
| STATE STREET CORP | 1.1M | 2.4% |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.0M | 2.3% |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.0M | 2.2% |
| AMERICAN CENTURY COMPANIES INC | 837.1K | 1.9% |
| Doma Perpetual Capital Management LLC | 810.1K | 1.8% |
| GEODE CAPITAL MANAGEMENT, LLC | 740.3K | 1.6% |
| ROYCE & ASSOCIATES LP | 527.0K | 1.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 488.2K | 1.1% |
| MORGAN STANLEY | 308.8K | 0.7% |
| NORTHERN TRUST CORP | 301.8K | 0.7% |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 298.4K | 0.7% |
| BANC FUNDS CO LLC | 285.1K | 0.6% |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 273.7K | 0.6% |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 252.5K | 0.6% |
| Invesco Ltd. | 240.4K | 0.5% |
| Bank of New York Mellon Corp | 234.4K | 0.5% |
| Valeo Financial Advisors, LLC | 227.0K | 0.5% |
| ROYAL BANK OF CANADA | 220.6K | 0.5% |
| VANGUARD FIDUCIARY TRUST CO | 190.6K | 0.4% |
| DENALI ADVISORS LLC | 174.6K | 0.4% |
| PRINCIPAL FINANCIAL GROUP INC | 142.5K | 0.3% |
| Ballast Asset Management, LP | 135.3K | 0.3% |
Largest changes
| Manager | Action | Previous | Current | Change |
|---|---|---|---|---|
| Doma Perpetual Capital Management LLC | Reduced | 1.1M | 810.1K | -305.5K |
| Elser Financial Planning, Inc | Reduced | 27.0M | 26.8M | -174.5K |
| AMERICAN CENTURY COMPANIES INC | Increased | 742.6K | 837.1K | +94.4K |
| MACKENZIE FINANCIAL CORP | Sold Out | 87.1K | 0 | -87.1K |
| Invesco Ltd. | Increased | 155.1K | 240.4K | +85.3K |
| DIMENSIONAL FUND ADVISORS LP | Increased | 1.8M | 1.8M | +68.2K |
| GOLDMAN SACHS GROUP INC | Reduced | 126.6K | 71.2K | -55.3K |
| BlackRock, Inc. | Increased | 4.1M | 4.1M | +54.3K |
| SEI INVESTMENTS CO | Reduced | 109.0K | 54.7K | -54.3K |
| RENAISSANCE TECHNOLOGIES LLC | Sold Out | 49.1K | 0 | -49.1K |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | 1.1M | 1.0M | -48.0K |
| XTX Topco Ltd | Increased | 19.6K | 65.0K | +45.3K |
| ROYCE & ASSOCIATES LP | Reduced | 567.3K | 527.0K | -40.2K |
| STATE STREET CORP | Increased | 1.0M | 1.1M | +32.3K |
| Wakefield Asset Management LLLP | Sold Out | 29.5K | 0 | -29.5K |
| Trexquant Investment LP | Sold Out | 29.2K | 0 | -29.2K |
| CITIGROUP INC | Increased | 13.2K | 42.4K | +29.1K |
| Russell Investments Group, Ltd. | Increased | 85.8K | 112.0K | +26.2K |
| ExodusPoint Capital Management, LP | New | 0 | 25.7K | +25.7K |
| MILLENNIUM MANAGEMENT LLC | New | 0 | 25.5K | +25.5K |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Increased | 464.7K | 488.2K | +23.6K |
| DENALI ADVISORS LLC | Reduced | 194.7K | 174.6K | -20.1K |
| CAPSTONE INVESTMENT ADVISORS, LLC | New | 0 | 19.0K | +19.0K |
| UBS Group AG | Reduced | 80.3K | 61.8K | -18.5K |
| FIRST TRUST ADVISORS LP | Reduced | 116.4K | 100.9K | -15.4K |
| Quantinno Capital Management LP | Increased | 34.9K | 50.2K | +15.2K |
| VANGUARD CAPITAL MANAGEMENT LLC | Increased | 1.0M | 1.0M | +15.0K |
| LJI Wealth Management, LLC | New | 0 | 15.0K | +15.0K |
| GEODE CAPITAL MANAGEMENT, LLC | Increased | 725.4K | 740.3K | +14.9K |
| BANK OF AMERICA CORP /DE/ | Increased | 106.4K | 121.1K | +14.8K |
| NORTHERN TRUST CORP | Increased | 287.1K | 301.8K | +14.7K |
| WELLS FARGO & COMPANY/MN | Increased | 9.9K | 22.0K | +12.1K |
| D. E. Shaw & Co., Inc. | Reduced | 28.3K | 16.4K | -11.9K |
| JPMORGAN CHASE & CO | Reduced | 29.2K | 17.8K | -11.4K |
| MORGAN STANLEY | Increased | 298.1K | 308.8K | +10.7K |
| RHUMBLINE ADVISERS | Reduced | 77.4K | 66.8K | -10.7K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold Out | 10.2K | 0 | -10.2K |
| MIRABELLA FINANCIAL SERVICES LLP | Sold Out | 9.7K | 0 | -9.7K |
| VANGUARD FIDUCIARY TRUST CO | Increased | 181.9K | 190.6K | +8.7K |
| FRANKLIN RESOURCES INC | Reduced | 107.6K | 98.9K | -8.7K |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Sold Out | 8.4K | 0 | -8.4K |
| Valeo Financial Advisors, LLC | Reduced | 235.1K | 227.0K | -8.1K |
| ROYAL BANK OF CANADA | Increased | 212.9K | 220.6K | +7.8K |
| TWO SIGMA SECURITIES, LLC | Sold Out | 7.2K | 0 | -7.2K |
| Impact Partnership Wealth, LLC | Reduced | 14.5K | 7.3K | -7.2K |
| ZEGA Investments, LLC | New | 0 | 7.2K | +7.2K |
| FEDERATED HERMES, INC. | Increased | 17.8K | 25.0K | +7.1K |
| TWO SIGMA INVESTMENTS, LP | Reduced | 41.6K | 34.6K | -7.0K |
| Brevan Howard Capital Management LP | Sold Out | 6.7K | 0 | -6.7K |
| PRICE T ROWE ASSOCIATES INC /MD/ | Increased | 27.8K | 33.8K | +6.0K |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | 14.7K | 8.7K | -6.0K |
| Legal & General Group Plc | Increased | 58.4K | 64.4K | +5.9K |
| Jump Financial, LLC | New | 0 | 5.5K | +5.5K |
| BCGM Wealth Management, LLC | Reduced | 15.5K | 10.1K | -5.4K |
| State of Tennessee, Department of Treasury | Reduced | 11.3K | 6.0K | -5.3K |
| Engineers Gate Manager LP | Sold Out | 5.2K | 0 | -5.2K |
| MERCER GLOBAL ADVISORS INC /ADV | New | 0 | 5.0K | +5.0K |
| RAYMOND JAMES FINANCIAL INC | Reduced | 43.4K | 38.5K | -4.9K |
| Advisory Services Network, LLC | Sold Out | 4.9K | 0 | -4.9K |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | Increased | 19.1K | 24.0K | +4.8K |
13F filings are due 45 days after quarter end and cover long positions in U.S.-listed equities only, so this is a lagged and partial picture: shorts, bonds and foreign listings never appear. Options positions are excluded here rather than folded into the share counts. Political ownership is coming.