Merchants Bancorp
MBIN
178 hedge funds and large institutions have $1.97B invested in Merchants Bancorp in 2026 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 56 increasing their positions, 46 reducing their positions, and 21 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
260% more capital invested
Capital invested by funds: $548M → $1.97B (+$1.42B)
148% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 21
63.94% more ownership
Funds ownership: 35.07% → 99.01% (+64%)
22% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 46
19% more funds holding
Funds holding: 150 → 178 (+28)
66% less call options, than puts
Call options by funds: $502K | Put options by funds: $1.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EFP
Elser Financial Planning
Indianapolis,
Indiana
|
+$1.1B |
| 2 |
BlackRock
New York
|
+$88.4M |
| 3 |
State Street
Boston,
Massachusetts
|
+$18.8M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$5.81M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$4.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$9.83M |
| 2 |
D.E. Shaw & Co
New York
|
-$6.2M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$4.77M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$4.74M |
| 5 |
Millennium Management
New York
|
-$4.36M |
MBIN Hedge Fund Activity: Q1 2026 in Review
178 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in Merchants Bancorp (MBIN) for Q1 2026, worth a combined $1.97B — up 260% from $548M a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new MBIN positions and 21 closed out — a net gain of 31 holders — while 56 added to existing stakes and 46 trimmed.
The largest buyer was Elser Financial Planning, opening a new position worth an estimated $1.1B. The largest seller was Royce & Associates, cutting an estimated $9.83M.
- 178 institutional investors held Merchants Bancorp (MBIN) as of Q1 2026, up from 150 in Q4 2025.
- Funds reported $1.97B of Merchants Bancorp stock for Q1 2026, up 260% quarter-over-quarter.
- 52 funds opened new Merchants Bancorp positions in Q1 2026 and 21 closed out, a net change of +31 holders.
- The largest Merchants Bancorp buyer in Q1 2026 was Elser Financial Planning, an estimated $1.1B added.
- The largest Merchants Bancorp seller in Q1 2026 was Royce & Associates, an estimated $9.83M sold.
Based on aggregated 13F filings for Q1 2026.