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Merchants Bancorp
MBIN

158 hedge funds and large institutions have $501M invested in Merchants Bancorp in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 70 increasing their positions, 39 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 39

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

5% more funds holding

Funds holding: 150 → 158 (+8)

1.07% more ownership

Funds ownership: 33.27% → 34.34% (+1.1%)

1% less capital invested

Capital invested by funds: $505M → $501M (-$3.75M)

77% less call options, than puts

Call options by funds: $397K | Put options by funds: $1.75M

Holders
158
Holders Change
+8
Holders Change %
+5.33%
% of All Funds
2.07%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
19
Increased
70
Reduced
39
Closed
11
Calls
$397K
Puts
$1.75M
Net Calls
-$1.35M
Net Calls Change
-$92K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$6.9M
2
Two Sigma Investments
Two Sigma Investments
New York
+$5.41M
3
DPCM
Doma Perpetual Capital Management
Florida
+$3.08M
4
RA
Royce & Associates
New York
+$2.62M
5
American Century Companies
American Century Companies
Missouri
+$2.04M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$12.8M
2
Marshall Wace
Marshall Wace
United Kingdom
-$5.06M
3
N
Nuveen
North Carolina
-$3.07M
4
JP Morgan Chase
JP Morgan Chase
New York
-$2.41M
5
Bank of America
Bank of America
North Carolina
-$2.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jacobs Levy Equity Management
26
Jacobs Levy Equity Management
New Jersey
$4.29M -$888K -27,053 -17%
BMCM
27
Black Maple Capital Management
Wisconsin
$4.11M +$919K +27,997 +28%
Marshall Wace
28
Marshall Wace
United Kingdom
$4.04M -$5.06M -154,068 -55%
Russell Investments Group
29
Russell Investments Group
United Kingdom
$3.39M +$1.13M +34,380 +48%
Deutsche Bank
30
Deutsche Bank
Germany
$3.03M +$974K +29,690 +45%
DPCM
31
Doma Perpetual Capital Management
Florida
$2.98M +$3.08M +93,833 New
Ameriprise
32
Ameriprise
Minnesota
$2.96M -$1.32M -40,169 -30%
Raymond James Financial
33
Raymond James Financial
Florida
$2.9M +$236K +7,200 +9%
Citadel Advisors
34
Citadel Advisors
Florida
$2.66M +$639K +19,485 +30%
Goldman Sachs
35
Goldman Sachs
New York
$2.61M +$30.2K +919 +1%
New York State Common Retirement Fund
36
New York State Common Retirement Fund
New York
$2.41M +$302K +9,200 +14%
Bank of America
37
Bank of America
North Carolina
$2.32M -$2.2M -67,108 -48%
Jane Street
38
Jane Street
New York
$1.95M +$789K +24,050 +64%
Walleye Capital
39
Walleye Capital
New York
$1.93M +$2M +60,835 New
Renaissance Technologies
40
Renaissance Technologies
New York
$1.86M +$834K +25,400 +77%
BGIM
41
Brandywine Global Investment Management
Pennsylvania
$1.78M -$69.3K -2,111 -4%
SC
42
Sapient Capital
Indiana
$1.72M – – –
ECM
43
ExodusPoint Capital Management
New York
$1.7M +$1.38M +42,181 +379%
TI
44
Trexquant Investment
Connecticut
$1.59M -$120K -3,642 -7%
DFCM
45
Dark Forest Capital Management
Puerto Rico
$1.58M +$461K +14,043 +39%
N
46
Nuveen
North Carolina
$1.54M -$3.07M -93,486 -66%
Invesco
47
Invesco
Georgia
$1.44M -$12.8M -389,169 -90%
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
$1.41M +$886K +27,006 +156%
Verition Fund Management
49
Verition Fund Management
Connecticut
$1.34M +$624K +19,020 +83%
UBS Group
50
UBS Group
Switzerland
$1.3M -$498K -15,179 -27%
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MBIN Hedge Fund Activity: Q3 2025 in Review

158 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Merchants Bancorp (MBIN) for Q3 2025, worth a combined $501M — down 0.74% from $505M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new MBIN positions and 11 closed out — a net gain of 8 holders — while 70 added to existing stakes and 39 trimmed.

The largest buyer was Millennium Management, adding an estimated $6.9M. The largest seller was Invesco, cutting an estimated $12.8M.

  • 158 institutional investors held Merchants Bancorp (MBIN) as of Q3 2025, up from 150 in Q2 2025.
  • Funds reported $501M of Merchants Bancorp stock for Q3 2025, down 0.74% quarter-over-quarter.
  • 19 funds opened new Merchants Bancorp positions in Q3 2025 and 11 closed out, a net change of +8 holders.
  • The largest Merchants Bancorp buyer in Q3 2025 was Millennium Management, an estimated $6.9M added.
  • The largest Merchants Bancorp seller in Q3 2025 was Invesco, an estimated $12.8M sold.

Based on aggregated 13F filings for Q3 2025.