Merchants Bancorp
MBIN
160 hedge funds and large institutions have $551M invested in Merchants Bancorp in 2025 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 61 increasing their positions, 55 reducing their positions, and 29 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 55
6% less funds holding
Funds holding: 170 → 160 (-10)
34% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 29
59.02% less ownership
Funds ownership: 91.51% → 32.49% (-59%)
64% less capital invested
Capital invested by funds: $1.53B → $551M (-$976M)
87% less call options, than puts
Call options by funds: $96K | Put options by funds: $759K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$24.8M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$12.5M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$10.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$5.24M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EFP
Elser Financial Planning
Indianapolis,
Indiana
|
-$994M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$11.6M |
| 3 |
Goldman Sachs
New York
|
-$9.34M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$5.83M |
| 5 |
Millennium Management
New York
|
-$4.17M |
MBIN Hedge Fund Activity: Q1 2025 in Review
160 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Merchants Bancorp (MBIN) for Q1 2025, worth a combined $551M — down 64% from $1.53B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of MBIN and 19 opened new positions — a net loss of 10 holders — while 55 trimmed existing stakes and 61 added.
The largest buyer was Macquarie Group, adding an estimated $24.8M. The largest seller was Elser Financial Planning, exiting entirely with an estimated $994M sold.
- 160 institutional investors held Merchants Bancorp (MBIN) as of Q1 2025, down from 170 in Q4 2024.
- Funds reported $551M of Merchants Bancorp stock for Q1 2025, down 64% quarter-over-quarter.
- 19 funds opened new Merchants Bancorp positions in Q1 2025 and 29 closed out, a net change of -10 holders.
- The largest Merchants Bancorp buyer in Q1 2025 was Macquarie Group, an estimated $24.8M added.
- The largest Merchants Bancorp seller in Q1 2025 was Elser Financial Planning, an estimated $994M sold.
Based on aggregated 13F filings for Q1 2025.