Arizona State Retirement System’s Merchants Bancorp MBIN Stock Holding History

Arizona State Retirement System’s Portfolio MBIN Stock Details MBIN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$243K	Buy	+5,672	New	+$231K	﹤0.01%	1822
2025 Q2	–	Sell	-5,895	Closed	-$218K	–	2095
2025 Q1	$218K	Sell	5,895 -72	-1%	-$2.84K	﹤0.01%	1851
2024 Q4	$218K	Buy	5,967 +39	+0.7%	+$1.58K	﹤0.01%	1921
2024 Q3	$267K	Buy	+5,928	New	+$263K	﹤0.01%	1829
2024 Q2	–	Sell	-4,753	Closed	-$205K	–	2135
2024 Q1	$205K	Sell	4,753 -82	-2%	-$3.43K	﹤0.01%	1913
2023 Q4	$206K	Buy	+4,835	New	+$159K	﹤0.01%	1940

Other funds holding MBIN

EFP

Elser Financial Planning Indianapolis, Indiana $2.31B AUM 49.95% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

DPCM

Doma Perpetual Capital Management Miami, Florida $372M AUM 14.96% 1-Year Est. Return

NAMI

Nomura Asset Management International Philadelphia, Pennsylvania $58.4B AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

Arizona State Retirement System's MBIN Position: Q1 2026 in Review

Arizona State Retirement System opened a new position in Merchants Bancorp (MBIN) in Q1 2026: 5,672 shares worth $243K. The stake represents ﹤0.01% of the portfolio and ranks #1822 among its holdings. This is a return to the name: Arizona State Retirement System previously reported a position in MBIN as recently as Q1 2025.

Arizona State Retirement System first reported a position in MBIN in Q4 2023 and has held it in 6 quarters since. The position peaked at $267K in Q3 2024. 178 funds tracked by Wall St. Rank hold MBIN as of Q1 2026.

Arizona State Retirement System held 5,672 shares of Merchants Bancorp worth $243K as of Q1 2026.
Merchants Bancorp was a new Arizona State Retirement System position in Q1 2026.
Merchants Bancorp made up ﹤0.01% of Arizona State Retirement System's portfolio in Q1 2026, its #1822 holding.
Arizona State Retirement System first reported a position in Merchants Bancorp in Q4 2023 and has held it in 6 quarters since.
Arizona State Retirement System's Merchants Bancorp position peaked at $267K in Q3 2024.
178 funds tracked by Wall St. Rank held Merchants Bancorp as of Q1 2026.

Based on Arizona State Retirement System's 13F filing for Q1 2026, filed 1 May 2026.