Who owns Merchants Bancorp?
Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings.
Institutional ownership of MBIN from SEC Form 13F filings across 188 reporting managers. All positions are from one synchronized reporting period — 2026-06-30 books, filed up to 45 days after quarter end — so every row is comparable.
As of the 2026-06-30 reporting period, 188 institutions disclosed 45.2M shares of Merchants Bancorp worth $2.26B — about 98.3% of shares outstanding; the largest disclosed holder is Elser Financial Planning, Inc. Source: SEC Form 13F filings, parsed by EvidInvest.
188
13F holders
$2.26B
value, 2026 filers
98.3%
of shares outstanding (45.2M sh)
31
new positions (2026 filers)
Top institutional holders
ordered by shares owned · positions as of 2026-06-30 · % of fund = share of the manager's own book · % of co. = share of MBIN's shares outstanding
| # | Manager | Shares | Value | % of fund | % of co. | Δ shares QoQ |
|---|---|---|---|---|---|---|
| 1 | Elser Financial Planning, Inc | 26.8M | $1.34B | 58.1% | 58.4% | -0.6% |
| 2 | BlackRock, Inc. | 4.1M | $205.3M | 0.0% | 8.9% | +1.3% |
| 3 | DIMENSIONAL FUND ADVISORS LP | 1.8M | $91.4M | 0.0% | 4% | +3.9% |
| 4 | STATE STREET CORP | 1.1M | $53.5M | 0.0% | 2.3% | +3.1% |
| 5 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.0M | $52.3M | 0.1% | 2.3% | -4.4% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 1.0M | $50.8M | 0.0% | 2.2% | +1.5% |
| 7 | AMERICAN CENTURY COMPANIES INC | 837,052 | $41.9M | 0.0% | 1.8% | +12.7% |
| 8 | Doma Perpetual Capital Management LLC | 810,082 | $40.5M | 9.4% | 1.8% | -27.4% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 740,326 | $37.0M | 0.0% | 1.6% | +2.1% |
| 10 | ROYCE & ASSOCIATES LP | 527,047 | $26.4M | 0.2% | 1.1% | -7.1% |
| 11 | VANGUARD PORTFOLIO MANAGEMENT LLC | 488,221 | $24.4M | 0.0% | 1.1% | +5.1% |
| 12 | MORGAN STANLEY | 308,775 | $15.4M | 0.0% | 0.7% | +3.6% |
| 13 | NORTHERN TRUST CORP | 301,802 | $15.1M | 0.0% | 0.7% | +5.1% |
| 14 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 298,438 | $14.9M | 0.0% | 0.6% | -1.3% |
| 15 | BANC FUNDS CO LLC | 285,062 | $14.3M | 2.4% | 0.6% | +1.4% |
| 16 | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 273,747 | $13.7M | 0.5% | 0.6% | 0.0% |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 252,548 | $12.6M | 0.0% | 0.5% | +1.8% |
| 18 | Invesco Ltd. | 240,395 | $12.0M | 0.0% | 0.5% | +55.0% |
| 19 | Bank of New York Mellon Corp | 234,378 | $11.7M | 0.0% | 0.5% | -0.7% |
| 20 | Valeo Financial Advisors, LLC | 226,998 | $11.3M | 0.2% | 0.5% | -3.4% |
| 21 | ROYAL BANK OF CANADA | 220,641 | $11.0M | 0.0% | 0.5% | +3.7% |
| 22 | VANGUARD FIDUCIARY TRUST CO | 190,624 | $9.5M | 0.0% | 0.4% | +4.8% |
| 23 | DENALI ADVISORS LLC | 174,576 | $8.7M | 0.9% | 0.4% | -10.3% |
| 24 | PRINCIPAL FINANCIAL GROUP INC | 142,476 | $7.1M | 0.0% | 0.3% | -0.1% |
| 25 | Ballast Asset Management, LP | 135,270 | $6.8M | 2.7% | 0.3% | -1.0% |
Source: SEC Form 13F-HR filings (institutional managers over $100M in US-listed positions). 13Fs disclose long positions only, up to 45 days after quarter end; each manager's latest filed quarter is shown per row and dollar values are the manager's filed marks. Aggregates labeled "2026 filers" count only managers whose latest book is a 2026 quarter. Related: valuation · options positioning · supply chain. Research, not investment advice.