Merchants Bancorp MBIN Institutional Ownership

Updated Oct 11, 2026

Merchants Bancorp (NASDAQ:MBIN) was held by 188 institutional investors that filed 13F reports for the quarter ended June 30, 2026.

• Together they owned 98.32% of the outstanding stock in Q2 2026, down from 99.06% a quarter earlier.
• Total shares held in Merchants Bancorp fell 0.75% versus Q1 2026, while the number of holders rose 27.03% versus Q2 2025.
• Looking at the 188 holders of MBIN individually, 86 added to their positions, 60 reduced their stakes and 42 left their positions unchanged.
• The aggregate institutional position in Merchants Bancorp was 45.16Mn shares at the end of Q2 2026, down 340.13K from the prior quarter and up 3.12Mn from a year earlier.
• Elser Financial Planning, Inc led 13F holders of MBIN with 26.81Mn shares as of June 30, 2026, or 58.36% of shares outstanding.
• Among existing holders, the largest additions to Merchants Bancorp in Q2 2026 came from American Century Companies Inc (+94.42K shares), Invesco Ltd. (+85.33K shares), Dimensional Fund Advisors LP (+68.16K shares), BlackRock, Inc. (+54.27K shares) and XTX Topco Ltd (+45.34K shares).
• The biggest cuts to MBIN positions during Q2 2026 came from Doma Perpetual Capital Management LLC (-305.51K shares), Elser Financial Planning, Inc (-174.48K shares), Goldman Sachs Group Inc (-55.32K shares), SEI Investments Co (-54.25K shares) and Nomura Asset Management International Inc. (-48.01K shares).
• Per Business Quant data, the 10 largest holders of Merchants Bancorp at the end of Q2 2026 were Elser Financial Planning, Inc (26.81Mn shares), BlackRock, Inc. (4.11Mn shares), Dimensional Fund Advisors LP (1.83Mn shares), State Street Corp (1.07Mn shares), Nomura Asset Management International Inc. (1.04Mn shares), Vanguard Capital Management LLC (1.02Mn shares), American Century Companies Inc (837.05K shares), Doma Perpetual Capital Management LLC (810.08K shares), Geode Capital Management, LLC (740.33K shares) and Royce & Associates LP (527.05K shares).