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

Black Maple Capital Management’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 		– Sell
-82,092
Closed -$2.8M – 116
2025
Q4 		$2.8M Sell
82,092
-47,005
-36% -$1.54M 1.96% 17
2025
Q3 		$4.11M Buy
129,097
+27,997
+28% +$919K 1.99% 10
2025
Q2 		$3.34M Buy
101,100
+21,619
+27% +$700K 1.5% 12
2025
Q1 		$2.94M Buy
79,481
+61,924
+353% +$2.44M 1.64% 14
2024
Q4 		$640K Buy
+17,557
New +$710K 0.34% 49
2024
Q2 		– Sell
-14,102
Closed -$609K – 112
2024
Q1 		$609K Buy
+14,102
New +$590K 0.37% 56

Other funds holding MBIN

EFP
Elser Financial Planning Indianapolis, Indiana $2.31B AUM 49.95% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Dimensional Fund Advisors
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
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
American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
RA
Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

Black Maple Capital Management's MBIN Position: Q1 2026 in Review

Black Maple Capital Management sold out of Merchants Bancorp (MBIN) in Q1 2026, closing a stake of 82,092 shares — an estimated $2.8M sold.

Black Maple Capital Management first reported a position in MBIN in Q1 2024 and held it in 6 quarters. The position peaked at $4.11M in Q3 2025. 178 funds tracked by Wall St. Rank hold MBIN as of Q1 2026.

  • Black Maple Capital Management reported no remaining Merchants Bancorp position as of Q1 2026 after selling out during the quarter.
  • Black Maple Capital Management sold 82,092 Merchants Bancorp shares in Q1 2026, an estimated $2.8M.
  • Black Maple Capital Management first reported a position in Merchants Bancorp in Q1 2024 and held it in 6 quarters.
  • Black Maple Capital Management's Merchants Bancorp position peaked at $4.11M in Q3 2025.
  • 178 funds tracked by Wall St. Rank held Merchants Bancorp as of Q1 2026.

Based on Black Maple Capital Management's 13F filing for Q1 2026, filed 15 May 2026.