Black Maple Capital Management’s Merchants Bancorp MBIN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$3.34M	Buy	101,100 +21,619	+27%	+$715K	1.5%	11
2025 Q1	$2.94M	Buy	79,481 +61,924	+353%	+$2.29M	1.64%	12
2024 Q4	$640K	Buy	+17,557	New	+$640K	0.34%	48
2024 Q2	–	Sell	-14,102	Closed	-$609K	–	98
2024 Q1	$609K	Buy	+14,102	New	+$609K	0.37%	54