SEC 13F Intelligence

MBINMERCHANTS BANCORP IND

CUSIP 58844R108 · Yahoo Finance ↗ · Google Finance ↗

Merchants Bancorp Ind (MBIN) has 176 institutional holders in Filings Flow’s 13F database, together reporting 45.45M shares worth $2.0B as of Q1 2026. The largest reported holders are Elser Financial Planning, Inc, Blackrock, Inc., and Dimensional Fund Advisors LP.

Institutional Holders
176
Q1 2026
Reported Value
$2.0B
Ticker
MBIN
Quarters Tracked
10

Ownership Trend

Institutional holders
Q4 ’18: 53Q4 ’18Q1 ’19: 52Q2 ’19: 53Q2 ’19Q3 ’19: 54Q2 ’21: 96Q2 ’21Q4 ’21: 100Q4 ’22: 102Q4 ’22Q4 ’25: 148Q1 ’26: 176Q1 ’26Q2 ’26: 10filingsflow.com
Total reported value
Q4 ’18: $64MQ4 ’18Q1 ’19: $124MQ2 ’19: $78MQ2 ’19Q3 ’19: $72MQ2 ’21: $682MQ2 ’21Q4 ’21: $2.4BQ4 ’22: $102MQ4 ’22Q4 ’25: $543MQ1 ’26: $2.0BQ1 ’26Q2 ’26: $15Mfilingsflow.com

Holders

Mixed quarters
Manager% of PortfolioValueSharesQuarter
Elser Financial Planning, Inc$2.1B AUM57.21%$1.2B26.98MQ1 2026OLDER
Doma Perpetual Capital Management LLC$372M AUM12.85%$48M1.12MQ1 2026OLDER
Ballast Asset Management, LP$225M AUM2.61%$6M136.6KQ1 2026OLDER
BANC FUNDS CO LLC$537M AUM2.25%$12M281.1KQ1 2026OLDER
PL Capital Advisors, LLC$332M AUM1.99%$6M188.3KQ3 2025OLDER
Black Maple Capital Management LP$179M AUM1.96%$3M82.1KQ4 2025OLDER
FJ Capital Management LLC$888M AUM1.01%$9M297.2KQ3 2025OLDER
DENALI ADVISORS LLC$900M AUM0.93%$8M194.7KQ1 2026OLDER
EJF Capital LP$142M AUM0.67%$1M36.3KQ3 2025OLDER
BASSWOOD CAPITAL MANAGEMENT, L.L.C.$2.1B AUM0.55%$12M273.7KQ1 2026OLDER
Wakefield Asset Management LLLP$377M AUM0.34%$1M29.5KQ1 2026OLDER
Aldebaran Capital, LLC$131M AUM0.33%$434,46410.1KQ1 2026OLDER
Curry Webb Wealth Management LLC$202M AUM0.29%$586,91117.2KQ2 2026
Pacific Ridge Capital Partners, LLC$462M AUM0.27%$1M28.8KQ1 2026OLDER
ROYCE & ASSOCIATES LP$10.1B AUM0.24%$24M567.3KQ1 2026OLDER
Valeo Financial Advisors, LLC$4.7B AUM0.24%$11M227.0KQ2 2026
HFG Advisors, Inc.$142M AUM0.23%$315,6359.3KQ4 2025OLDER
Yorktown Management & Research Co Inc$120M AUM0.22%$279,8408.8KQ3 2025OLDER
Twelve Points Wealth Management LLC$455M AUM0.22%$983,33322.9KQ1 2026OLDER
Formidable Asset Management, LLC$648M AUM0.18%$1M34.4KQ1 2026OLDER
BCGM Wealth Management, LLC$398M AUM0.17%$664,13115.5KQ1 2026OLDER
JAMES INVESTMENT RESEARCH, INC.$891M AUM0.11%$1M23.8KQ1 2026OLDER
DARK FOREST CAPITAL MANAGEMENT LP$1.1B AUM0.09%$2M57.2KQ4 2025OLDER
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$58.4B AUM0.08%$47M1.09MQ1 2026OLDER
Impact Partnership Wealth, LLC$810M AUM0.08%$623,01014.5KQ1 2026OLDER
Verdence Capital Advisors LLC$1.7B AUM0.06%$1M25.8KQ1 2026OLDER
Wellington Grp LLC$300M AUM0.05%$159,6394.7KQ1 2026OLDER
Y-Intercept (Hong Kong) Ltd$5.1B AUM0.05%$2M66.8KQ4 2025OLDER
Bank of Jackson Hole Trust$207M AUM0.05%$96,8482.3KQ1 2026OLDER
Inspire Investing, LLC$1.7B AUM0.04%$512,51711.9KQ1 2026OLDER
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$32.4B AUM0.04%$13M302.4KQ1 2026OLDER
SAPIENT CAPITAL LLC$7.6B AUM0.04%$3M60.5KQ2 2026
MIRABELLA FINANCIAL SERVICES LLP$1.1B AUM0.04%$416,4849.7KQ1 2026OLDER
Keebeck Wealth Management$889M AUM0.04%$319,00010.0KQ3 2025OLDER
TWO SIGMA SECURITIES, LLC$861M AUM0.04%$309,9827.2KQ1 2026OLDER
MACQUARIE GROUP LTD$16.8B AUM0.03%$29M897.1KQ3 2025OLDER
Numerai GP LLC$997M AUM0.03%$254,2247.5KQ4 2025OLDER
OXFORD FINANCIAL GROUP, LTD. LLC$1.9B AUM0.03%$477,88911.1KQ1 2026OLDER
Inspire Advisors, LLC$1.2B AUM0.02%$261,9987.7KQ4 2025OLDER
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.$1.6B AUM0.02%$359,9298.4KQ1 2026OLDER
ExodusPoint Capital Management, LP$12.6B AUM0.02%$2M53.3KQ3 2025OLDER
JACOBS LEVY EQUITY MANAGEMENT, INC$23.8B AUM0.02%$4M134.9KQ3 2025OLDER
AMERICAN CENTURY COMPANIES INC$194.3B AUM0.02%$32M742.6KQ1 2026OLDER
DIMENSIONAL FUND ADVISORS LP$481.4B AUM0.02%$75M1.76MQ1 2026OLDER
XTX Topco Ltd$5.8B AUM0.01%$843,05319.6KQ1 2026OLDER
PUBLIC SECTOR PENSION INVESTMENT BOARD$32.1B AUM0.01%$5M105.1KQ1 2026OLDER
Meeder Advisory Services, Inc.$2.4B AUM0.01%$321,8257.5KQ1 2026OLDER
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.$275M AUM0.01%$34,850697Q2 2026
Brandywine Global Investment Management, LLC$14.9B AUM0.01%$2M53.9KQ4 2025OLDER
Louisiana State Employees Retirement System$5.7B AUM0.01%$557,83013.0KQ1 2026OLDER
Trexquant Investment LP$13.9B AUM0.01%$1M29.2KQ1 2026OLDER
Illinois Municipal Retirement Fund$7.9B AUM0.01%$649,31415.1KQ1 2026OLDER
Walleye Capital LLC$24.0B AUM0.01%$2M60.8KQ3 2025OLDER
PICTON MAHONEY ASSET MANAGEMENT$13.5B AUM0.01%$966,76222.5KQ1 2026OLDER
Jump Financial, LLC$7.5B AUM0.01%$433,68612.7KQ4 2025OLDER
Qube Research & Technologies Ltd$89.9B AUM0.00%$5M139.3KQ4 2025OLDER
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM$53.4B AUM0.00%$2M57.2KQ1 2026OLDER
MACKENZIE FINANCIAL CORP$83.3B AUM0.00%$4M87.1KQ1 2026OLDER
MARSHALL WACE, LLP$100.4B AUM0.00%$5M140.2KQ4 2025OLDER
SEI INVESTMENTS CO$108.4B AUM0.00%$5M109.0KQ1 2026OLDER
Russell Investments Group, Ltd.$93.1B AUM0.00%$4M85.8KQ1 2026OLDER
YOUSIF CAPITAL MANAGEMENT, LLC$8.5B AUM0.00%$336,7157.8KQ1 2026OLDER
CAXTON ASSOCIATES LLP$4.4B AUM0.00%$201,2265.9KQ4 2025OLDER
OREGON PUBLIC EMPLOYEES RETIREMENT FUND$7.6B AUM0.00%$287,4976.7KQ1 2026OLDER
NEW YORK STATE COMMON RETIREMENT FUND$71.6B AUM0.00%$3M60.7KQ1 2026OLDER
FIRST TRUST ADVISORS LP$140.0B AUM0.00%$5M116.4KQ1 2026OLDER
Tower Research Capital LLC (TRC)$3.8B AUM0.00%$134,6943.1KQ1 2026OLDER
RENAISSANCE TECHNOLOGIES LLC$63.9B AUM0.00%$2M49.1KQ1 2026OLDER
PRINCIPAL FINANCIAL GROUP INC$187.2B AUM0.00%$6M142.6KQ1 2026OLDER
Man Group plc$55.1B AUM0.00%$2M55.8KQ4 2025OLDER
MetLife Investment Management, LLC$19.6B AUM0.00%$611,33914.2KQ1 2026OLDER
BlackRock, Inc.$5.72T AUM0.00%$174M4.05MQ1 2026OLDER
Ameritas Investment Partners, Inc.$3.3B AUM0.00%$92,9862.2KQ1 2026OLDER
RHUMBLINE ADVISERS$116.9B AUM0.00%$3M77.4KQ1 2026OLDER
Engineers Gate Manager LP$8.0B AUM0.00%$224,7195.2KQ1 2026OLDER
Advisory Services Network, LLC$7.5B AUM0.00%$208,8434.9KQ1 2026OLDER
Owl Creek Wealth Partners LLC$281M AUM0.00%$7,724180Q1 2026OLDER
Versant Capital Management, Inc$1.1B AUM0.00%$29,700594Q2 2026
Police & Firemen's Retirement System of New Jersey$11.7B AUM0.00%$307,9657.2KQ1 2026OLDER
Brevan Howard Capital Management LP$11.3B AUM0.00%$288,3986.7KQ1 2026OLDER
Quantinno Capital Management LP$59.9B AUM0.00%$1M34.9KQ1 2026OLDER
INTECH INVESTMENT MANAGEMENT LLC$10.2B AUM0.00%$254,1135.9KQ1 2026OLDER
STRS OHIO$25.2B AUM0.00%$609,32214.2KQ1 2026OLDER
Verition Fund Management LLC$15.4B AUM0.00%$565,39616.6KQ4 2025OLDER
Vident Advisory, LLC$11.7B AUM0.00%$252,4405.9KQ1 2026OLDER
GAMCO INVESTORS, INC. ET AL$10.2B AUM0.00%$214,5505.0KQ1 2026OLDER
VANGUARD FIDUCIARY TRUST CO$396.1B AUM0.00%$8M181.9KQ1 2026OLDER
GEODE CAPITAL MANAGEMENT, LLC$1.61T AUM0.00%$31M725.4KQ1 2026OLDER
Quantbot Technologies LP$2.4B AUM0.00%$45,8711.1KQ1 2026OLDER
Bank of New York Mellon Corp$543.9B AUM0.00%$10M236.1KQ1 2026OLDER
Salomon & Ludwin, LLC$1.1B AUM0.00%$20,643464Q1 2026OLDER
MILLENNIUM MANAGEMENT LLC$240.3B AUM0.00%$4M128.0KQ4 2025OLDER
NORTHERN TRUST CORP$756.6B AUM0.00%$12M287.1KQ1 2026OLDER
CHARLES SCHWAB INVESTMENT MANAGEMENT INC$654.5B AUM0.00%$11M248.1KQ1 2026OLDER
State of Tennessee, Department of Treasury$29.8B AUM0.00%$483,29611.3KQ1 2026OLDER
ROYAL BANK OF CANADA$570.1B AUM0.00%$9M212.9KQ1 2026OLDER
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS$19.6B AUM0.00%$311,6557.3KQ1 2026OLDER
Catalyst Capital Advisors LLC$5.4B AUM0.00%$77,9102.5KQ3 2025OLDER
PRUDENTIAL FINANCIAL INC$81.2B AUM0.00%$1M29.4KQ1 2026OLDER
STATE STREET CORP$2.90T AUM0.00%$45M1.03MQ1 2026OLDER
DEUTSCHE BANK AG\$302.7B AUM0.00%$4M103.0KQ1 2026OLDER
TWO SIGMA INVESTMENTS, LP$123.9B AUM0.00%$2M41.6KQ1 2026OLDER
Arizona State Retirement System$17.1B AUM0.00%$243,3865.7KQ1 2026OLDER
Pinnacle Wealth Planning Services, Inc.$968M AUM0.00%$12,358288Q1 2026OLDER
FEDERATED HERMES, INC.$61.5B AUM0.00%$765,68617.8KQ1 2026OLDER
Essential Partners LLC$250M AUM0.00%$2,94389Q1 2026OLDER
FRANKLIN RESOURCES INC$408.3B AUM0.00%$5M107.6KQ1 2026OLDER
VANGUARD CAPITAL MANAGEMENT LLC$4.04T AUM0.00%$43M1.00MQ1 2026OLDER
VANGUARD PORTFOLIO MANAGEMENT LLC$1.91T AUM0.00%$20M464.7KQ1 2026OLDER
Invesco Ltd.$653.3B AUM0.00%$7M155.1KQ1 2026OLDER
Swiss National Bank$173.8B AUM0.00%$2M40.7KQ1 2026OLDER
Aquatic Capital Management LLC$3.5B AUM0.00%$34,1961.0KQ4 2025OLDER
GAMMA Investing LLC$2.7B AUM0.00%$23,550471Q2 2026
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM$94.5B AUM0.00%$821,68419.1KQ1 2026OLDER
Torren Management, LLC$201M AUM0.00%$1,63138Q1 2026OLDER
EverSource Wealth Advisors, LLC$3.3B AUM0.00%$26,176610Q1 2026OLDER
AQR CAPITAL MANAGEMENT LLC$218.4B AUM0.00%$2M38.3KQ1 2026OLDER
KLP KAPITALFORVALTNING AS$25.5B AUM0.00%$191,3664.5KQ1 2026OLDER
D. E. Shaw & Co., Inc.$166.3B AUM0.00%$1M28.3KQ1 2026OLDER
AMERIPRISE FINANCIAL INC$431.8B AUM0.00%$3M72.8KQ1 2026OLDER
COMMONWEALTH EQUITY SERVICES, LLC$71.6B AUM0.00%$514,93012.0KQ1 2026OLDER
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$73.7B AUM0.00%$522,81512.2KQ1 2026OLDER
Vanguard Investments Australia, Ltd.$34.6B AUM0.00%$242,0555.6KQ1 2026OLDER
Sterling Capital Management LLC$5.3B AUM0.00%$36,903860Q1 2026OLDER
VANGUARD GROUP INC$6.90T AUM0.00%$48M1.41MQ4 2025OLDER
BALYASNY ASSET MANAGEMENT L.P.$77.1B AUM0.00%$510,08315.0KQ4 2025OLDER
STIFEL FINANCIAL CORP$108.8B AUM0.00%$695,05616.2KQ1 2026OLDER
GOLDMAN SACHS GROUP INC$870.9B AUM0.00%$5M126.6KQ1 2026OLDER
Legal & General Group Plc$432.4B AUM0.00%$3M58.4KQ1 2026OLDER
RAYMOND JAMES FINANCIAL INC$324.4B AUM0.00%$2M43.4KQ1 2026OLDER
Nuveen, LLC$369.3B AUM0.00%$2M47.9KQ1 2026OLDER
VANGUARD ASSET MANAGEMENT, Ltd$117.0B AUM0.00%$632,79414.7KQ1 2026OLDER
MANUFACTURERS LIFE INSURANCE COMPANY, THE$116.3B AUM0.00%$632,02114.7KQ1 2026OLDER
JPL Wealth Management, LLC$435M AUM0.00%$2,31854Q1 2026OLDER
Boston Partners$95.5B AUM0.00%$517,64016.3KQ3 2025OLDER
MORGAN STANLEY$1.67T AUM0.00%$9M254.8KQ1 2026OLDER
UBS Group AG$666.3B AUM0.00%$3M80.3KQ1 2026OLDER
FIFTH THIRD BANCORP$54.7B AUM0.00%$269,9966.3KQ1 2026OLDER
True Wealth Design, LLC$360M AUM0.00%$1,67439Q1 2026OLDER
Zurcher Kantonalbank (Zurich Cantonalbank)$46.0B AUM0.00%$204,0374.8KQ1 2026OLDER
Squarepoint Ops LLC$85.1B AUM0.00%$406,23411.9KQ4 2025OLDER
Arax Advisory Partners$3.5B AUM0.00%$15,276356Q1 2026OLDER
Quarry LP$558M AUM0.00%$2,31754Q1 2026OLDER
Caitong International Asset Management Co., Ltd$541M AUM0.00%$2,23152Q1 2026OLDER
LPL Financial LLC$376.6B AUM0.00%$1M34.9KQ1 2026OLDER
Cetera Investment Advisers$94.0B AUM0.00%$361,6588.4KQ1 2026OLDER
Vanguard Global Advisers, LLC$186.5B AUM0.00%$696,73016.2KQ1 2026OLDER
Cerity Partners LLC$70.8B AUM0.00%$255,7236.0KQ1 2026OLDER
BANK OF AMERICA CORP /DE/$1.37T AUM0.00%$5M106.4KQ1 2026OLDER
BNP PARIBAS FINANCIAL MARKETS$205.8B AUM0.00%$652,14615.2KQ1 2026OLDER
ALLIANCEBERNSTEIN L.P.$308.8B AUM0.00%$940,66927.6KQ1 2026OLDER
JANE STREET GROUP, LLC$777.2B AUM0.00%$2M61.4KQ3 2025OLDER
CWM, LLC$38.1B AUM0.00%$106,9752.5KQ1 2026OLDER
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$481.0B AUM0.00%$1M29.3KQ1 2026OLDER
Keating Financial Advisory Services, Inc.$619M AUM0.00%$1,58837Q1 2026OLDER
VICTORY CAPITAL MANAGEMENT INC$156.1B AUM0.00%$434,86513.7KQ3 2025OLDER
Larson Financial Group LLC$3.1B AUM0.00%$7,767181Q1 2026OLDER
OSAIC HOLDINGS, INC.$68.3B AUM0.00%$167,7613.9KQ1 2026OLDER
PNC FINANCIAL SERVICES GROUP, INC.$173.2B AUM0.00%$423,8659.9KQ1 2026OLDER
CITIGROUP INC$234.5B AUM0.00%$568,17113.2KQ1 2026OLDER
QUADRANT CAPITAL GROUP LLC$3.3B AUM0.00%$7,338171Q1 2026OLDER
VOYA INVESTMENT MANAGEMENT LLC$96.1B AUM0.00%$206,3544.8KQ1 2026OLDER
SUSQUEHANNA INTERNATIONAL GROUP, LLP$893.3B AUM0.00%$2M43.7KQ1 2026OLDER
ROTHSCHILD INVESTMENT LLC$1.9B AUM0.00%$3,56283Q1 2026OLDER
Janus Henderson Group Ltd.$209.4B AUM0.00%$303,8437.1KQ1 2026OLDER
PRICE T ROWE ASSOCIATES INC /MD/$865M AUM0.00%$1,19227.8KQ1 2026OLDER
Rockefeller Capital Management L.P.$56.4B AUM0.00%$62,4781.5KQ1 2026OLDER
GILPIN WEALTH MANAGEMENT, LLC$126M AUM0.00%$1293Q1 2026OLDER
Farther Finance Advisors, LLC$10.6B AUM0.00%$8,586194Q1 2026OLDER
WELLS FARGO & COMPANY/MN$530.3B AUM0.00%$423,7249.9KQ2 2026
JPMORGAN CHASE & CO$1.56T AUM0.00%$1M29.2KQ1 2026OLDER
IFP Advisors, Inc$4.8B AUM0.00%$3,60484Q1 2026OLDER
Parkside Financial Bank & Trust$1.3B AUM0.00%$85820Q1 2026OLDER
BARCLAYS PLC$416.3B AUM0.00%$248,4935.8KQ1 2026OLDER
Davis Capital Management$169M AUM0.00%$1002Q2 2026
NISA INVESTMENT ADVISORS, LLC$27.0B AUM0.00%$15,950371Q1 2026OLDER
Root Financial Partners, LLC$2.2B AUM0.00%$81519Q1 2026OLDER
CITADEL ADVISORS LLC$618.5B AUM0.00%$231,7145.4KQ1 2026OLDER
SIGNATUREFD, LLC$6.5B AUM0.00%$2,36055Q1 2026OLDER
Allworth Financial LP$24.7B AUM0.00%$6,823159Q1 2026OLDER
Parallel Advisors, LLC$5.6B AUM0.00%$1,33031Q2 2026
Steward Partners Investment Advisory, LLC$19.6B AUM0.00%$4,634108Q1 2026OLDER
SIMPLEX TRADING, LLC$149.1B AUM0.00%$31,324730Q1 2026OLDER
FARMERS & MERCHANTS INVESTMENTS INC$3.6B AUM0.00%$64415Q1 2026OLDER
LOS ANGELES CAPITAL MANAGEMENT LLC$25.4B AUM0.00%$4,420103Q1 2026OLDER
SJS Investment Consulting Inc.$819M AUM0.00%$1293Q1 2026OLDER
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO$30.9B AUM0.00%$4,591107Q1 2026OLDER
FMR LLC$1.90T AUM0.00%$203,0504.7KQ1 2026OLDER
UMB Bank, n.a.$7.2B AUM0.00%$68716Q1 2026OLDER
MAI Capital Management$17.7B AUM0.00%$1,45934Q1 2026OLDER
COMERICA BANK$25.1B AUM0.00%$2,06361Q4 2025OLDER
US BANCORP \DE\$82.4B AUM0.00%$3,56283Q1 2026OLDER
NATIONAL BANK OF CANADA /FI/$111.5B AUM0.00%$3,403107Q3 2025OLDER
Sunbelt Securities, Inc.$1.6B AUM0.00%$431Q1 2026OLDER
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$162.4B AUM0.00%$4,291100Q1 2026OLDER
Optiver Holding B.V.$289.5B AUM0.00%$6,744198Q4 2025OLDER
HARBOUR INVESTMENTS, INC.$6.5B AUM0.00%$1293Q1 2026OLDER
SBI Securities Co., Ltd.$3.6B AUM0.00%$431Q1 2026OLDER
JONES FINANCIAL COMPANIES LLLP$208.1B AUM0.00%$1,81843Q1 2026OLDER
NewEdge Advisors, LLC$27.7B AUM0.00%$872Q2 2026

Holdings are reported up to 45 days after quarter end. Share counts are as filed and not adjusted for stock splits.