Merchants Bancorp (MBIN) Institutional Ownership

Ownership Summary

Merchants Bancorp (NASDAQ:MBIN) currently has 10 active institutional owners and shareholders as of today (December 2025), that have filed 13F forms with the Securities Exchange Commission (SEC).

• The percentage of Merchants Bancorp owned by institutions changed from 34.3% in September 2025 to 0.1% in December 2025, marking a slight down trend.
• On a quarter-over-quarter basis, institutional holdings shifted by -8.01%, with a year-over-year a decrease of 94.15% in the count of filers.
• A review of institutional activity for Merchants Bancorp shows 2 of 10 filers increasing their positions, while 5 reduced their stake, and 3 remained unchanged.
• The aggregate institutional position in Merchants Bancorp now stands at 52.55K shares as of December 2025, after investors decreased their holdings (down by 4.58K shares quarter on quarter which is down 48.69Mn shares year over year).
• As of December 31, 2025, Formidable Asset Management, LLC held Merchants Bancorp's largest shareholding position with over 34.40K shares, representing 0.08% of total outstanding shares.
• Among the most significant buyers of Merchants Bancorp during December 2025 were THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. (1.00K), HARBOR CAPITAL ADVISORS, INC. (865).
• Leading sellers of Merchants Bancorp stock in December 2025 included Matrix Trust Co (4.08K), SG Americas Securities, LLC (2.13K), Versant Capital Management, Inc (169), GAMMA Investing LLC (30), True Wealth Design, LLC (27).
• The top 10 institutional holders of Merchants Bancorp for the quarter ending December 2025 included Formidable Asset Management, LLC (34.40K), SG Americas Securities, LLC (8.33K), HARBOR CAPITAL ADVISORS, INC. (7.85K), THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. (1.00K), Versant Capital Management, Inc (460), NISA INVESTMENT ADVISORS, LLC (238), GAMMA Investing LLC (182), SIGNATUREFD, LLC (55), True Wealth Design, LLC (37), Matrix Trust Co (0).