Formidable Asset Management’s Merchants Bancorp MBIN Stock Holding History

Formidable Asset 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 Q3	$1.66M	Hold	33,200	–	–	0.24%	93
2026 Q2	$1.42M	Sell	33,200 -1,200	-3%	-$57K	0.23%	96
2026 Q1	$1.17M	Hold	34,400	–	–	0.18%	114
2025 Q4	$1.09M	Hold	34,400	–	–	0.16%	124
2025 Q3	$1.14M	Hold	34,400	–	–	0.18%	109
2025 Q2	$1.27M	Hold	34,400	–	–	0.21%	87
2025 Q1	$1.27M	Hold	34,400	–	–	0.21%	87
2024 Q4	$1.25M	Sell	34,400 -1,000	-3%	-$40.4K	0.21%	92
2024 Q3	$1.59M	Sell	35,400 -1,000	-3%	-$44.4K	0.25%	78
2024 Q2	$1.48M	Hold	36,400	–	–	0.24%	84
2024 Q1	$1.57M	Buy	+36,400	New	+$1.52M	0.26%	81

Other funds holding MBIN

Elser Financial Planning Indianapolis, Indiana $2.28B AUM 39.33% 1-Year Est. Return

Valeo Financial Advisors Carmel, Indiana $4.74B AUM 19.14% 1-Year Est. Return

Wasatch Advisors Salt Lake City, Utah $13.5B AUM 16.58% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $195B AUM 21.17% 1-Year Est. Return

Sapient Capital Indianapolis, Indiana $7.44B AUM 23.27% 1-Year Est. Return

Verdence Capital Advisors Hunt Valley, Maryland $2.35B AUM 27.25% 1-Year Est. Return

James Investment Research Alpha, Ohio $936M AUM 24.49% 1-Year Est. Return

TPWM

Twelve Points Wealth Management Concord, Massachusetts $536M AUM 16.77% 1-Year Est. Return

STRS Ohio Columbus, Ohio $27.1B AUM 34.64% 1-Year Est. Return

LJI Wealth Management Indianapolis, Indiana $712M AUM 13.75% 1-Year Est. Return

Formidable Asset Management's MBIN Position: Q3 2026 in Review

Formidable Asset Management held its Merchants Bancorp (MBIN) position steady in Q3 2026 at 33,200 shares worth $1.66M. The position accounts for 0.24% of the portfolio, ranked #93.

Formidable Asset Management first reported a position in MBIN in Q1 2024 and has held it in 11 quarters since. 59 funds tracked by Wall St. Rank hold MBIN as of Q3 2026.

Formidable Asset Management held 33,200 shares of Merchants Bancorp worth $1.66M as of Q3 2026.
Formidable Asset Management left its Merchants Bancorp share count unchanged in Q3 2026.
Merchants Bancorp made up 0.24% of Formidable Asset Management's portfolio in Q3 2026, its #93 holding.
Formidable Asset Management first reported a position in Merchants Bancorp in Q1 2024 and has held it in 11 quarters since.
59 funds tracked by Wall St. Rank held Merchants Bancorp as of Q3 2026.

Based on Formidable Asset Management's 13F filing for Q3 2026, filed 3 Nov 2026.