PL Capital Advisors’s Merchants Bancorp MBIN Stock Holding History

PL Capital Advisors’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
2025 Q4	–	Sell	-188,294	Closed	-$5.99M	–	29
2025 Q3	$5.99M	Hold	188,294	–	–	1.99%	13
2025 Q2	$6.23M	Hold	188,294	–	–	2.08%	14
2025 Q1	$6.97M	Hold	188,294	–	–	2.34%	14
2024 Q4	$6.87M	Hold	188,294	–	–	2.34%	12
2024 Q3	$8.47M	Hold	188,294	–	–	3.01%	10
2024 Q2	$7.63M	Buy	188,294 +5,000	+3%	+$205K	3.17%	11
2024 Q1	$7.91M	Hold	183,294	–	–	3.02%	11
2023 Q4	$7.8M	Sell	183,294 -12,500	-6%	-$411K	2.7%	10
2023 Q3	$5.43M	Hold	195,794	–	–	2.17%	13
2023 Q2	$5.01M	Sell	195,794 -19,000	-9%	-$470K	2%	15
2023 Q1	$5.59M	Hold	214,794	–	–	1.97%	14
2022 Q4	$5.22M	Hold	214,794	–	–	1.44%	19
2022 Q3	$4.52M	Hold	214,794	–	–	1.32%	19
2022 Q2	$4.44M	Hold	214,794	–	–	1.28%	20
2022 Q1	$5.88M	Buy	214,794 +59,998	+39%	+$1.79M	1.52%	19
2021 Q4	$4.88M	Buy	154,796 +84,015	+119%	+$2.52M	1.19%	23
2021 Q3	$1.86M	Buy	+70,781	New	+$1.76M	0.47%	32

Other funds holding MBIN

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 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

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

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

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

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

Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return

PL Capital Advisors's MBIN Position: Q4 2025 in Review

PL Capital Advisors sold out of Merchants Bancorp (MBIN) in Q4 2025, closing a stake of 188,294 shares — an estimated $5.99M sold.

PL Capital Advisors first reported a position in MBIN in Q3 2021 and held it in 17 quarters. The position peaked at $8.47M in Q3 2024. 150 funds tracked by Wall St. Rank hold MBIN as of Q4 2025.

PL Capital Advisors reported no remaining Merchants Bancorp position as of Q4 2025 after selling out during the quarter.
PL Capital Advisors sold 188,294 Merchants Bancorp shares in Q4 2025, an estimated $5.99M.
PL Capital Advisors first reported a position in Merchants Bancorp in Q3 2021 and held it in 17 quarters.
PL Capital Advisors's Merchants Bancorp position peaked at $8.47M in Q3 2024.
150 funds tracked by Wall St. Rank held Merchants Bancorp as of Q4 2025.

Based on PL Capital Advisors's 13F filing for Q4 2025, filed 10 Feb 2026.