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Dark Forest Capital Management’s Merchants Bancorp MBIN Stock Holding History

Dark Forest 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
-57,154
Closed -$1.95M – 997
2025
Q4 		$1.95M Buy
57,154
+7,431
+15% +$244K 0.09% 399
2025
Q3 		$1.58M Buy
49,723
+14,043
+39% +$461K 0.06% 564
2025
Q2 		$1.18M Buy
35,680
+4,938
+16% +$160K 0.05% 685
2025
Q1 		$1.14M Buy
30,742
+12,226
+66% +$482K 0.05% 625
2024
Q4 		$675K Buy
18,516
+13,926
+303% +$563K 0.1% 302
2024
Q3 		$206K Sell
4,590
-5,787
-56% -$257K 0.03% 858
2024
Q2 		$421K Sell
10,377
-4,425
-30% -$182K 0.08% 317
2024
Q1 		$639K Buy
14,802
+4,030
+37% +$169K 0.11% 196
2023
Q4 		$459K Buy
+10,772
New +$354K 0.07% 246
2023
Q1 		– Sell
-705
Closed -$17.1K – 1360
2022
Q4 		$17.1K Buy
+705
New +$17.2K ﹤0.01% 618

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

Dark Forest Capital Management's MBIN Position: Q1 2026 in Review

Dark Forest Capital Management sold out of Merchants Bancorp (MBIN) in Q1 2026, closing a stake of 57,154 shares — an estimated $1.95M sold.

Dark Forest Capital Management first reported a position in MBIN in Q4 2022 and held it in 10 quarters. The position peaked at $1.95M in Q4 2025. 178 funds tracked by Wall St. Rank hold MBIN as of Q1 2026.

  • Dark Forest Capital Management reported no remaining Merchants Bancorp position as of Q1 2026 after selling out during the quarter.
  • Dark Forest Capital Management sold 57,154 Merchants Bancorp shares in Q1 2026, an estimated $1.95M.
  • Dark Forest Capital Management first reported a position in Merchants Bancorp in Q4 2022 and held it in 10 quarters.
  • Dark Forest Capital Management's Merchants Bancorp position peaked at $1.95M in Q4 2025.
  • 178 funds tracked by Wall St. Rank held Merchants Bancorp as of Q1 2026.

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