We are live on ! Find out more
MBIN icon

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
BlackRock
1
BlackRock
New York
$59M +$9.42K +287 +0%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$50.9M +$2.02M +61,622 +4%
Vanguard Group
3
Vanguard Group
Pennsylvania
$43.8M +$736K +22,440 +2%
Macquarie Group
4
Macquarie Group
Australia
$28.5M +$401K +12,204 +1%
RA
5
Royce & Associates
New York
$27.4M +$2.62M +79,707 +10%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$22.2M +$492K +14,983 +2%
American Century Companies
7
American Century Companies
Missouri
$20M +$2.04M +62,097 +11%
State Street
8
State Street
Massachusetts
$17.5M +$594K +18,113 +3%
Hotchkis & Wiley Capital Management
9
Hotchkis & Wiley Capital Management
California
$12.4M +$898K +27,358 +8%
Millennium Management
10
Millennium Management
New York
$11.6M +$6.9M +210,151 +136%
BFC
11
Banc Funds Company
Illinois
$10.8M -$1.48M -45,100 -12%
FCM
12
FJ Capital Management
Virginia
$9.45M +$1.92M +58,576 +25%
Northern Trust
13
Northern Trust
Illinois
$8.73M +$1.59M +48,355 +21%
BCM
14
Basswood Capital Management
New York
$8.71M – – –
VFA
15
Valeo Financial Advisors
Indiana
$7.76M +$150K +4,582 +2%
DA
16
Denali Advisors
California
$7.61M +$1.28M +38,904 +19%
Charles Schwab
17
Charles Schwab
California
$7.54M +$355K +10,815 +5%
Morgan Stanley
18
Morgan Stanley
New York
$7.45M -$651K -19,836 -8%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$7.04M -$151K -4,598 -2%
PCA
20
PL Capital Advisors
Florida
$5.99M – – –
JP Morgan Chase
21
JP Morgan Chase
New York
$5.7M -$2.41M -73,491 -29%
Two Sigma Investments
22
Two Sigma Investments
New York
$5.59M +$5.41M +164,834 +1,509%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$5.43M +$61K +1,860 +1%
D.E. Shaw & Co
24
D.E. Shaw & Co
New York
$4.64M +$1.46M +44,532 +44%
BAM
25
Ballast Asset Management
Texas
$4.38M +$2.02M +61,418 +80%
1
2 3 4 5

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.