Merchants Bancorp
MBIN
150 hedge funds and large institutions have $548M invested in Merchants Bancorp in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 56 increasing their positions, 56 reducing their positions, and 24 closing their positions.
9% more capital invested
Capital invested by funds: $501M → $548M (+$46.8M)
0.72% more ownership
Funds ownership: 34.35% → 35.07% (+0.72%)
0% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 56
5% less funds holding
Funds holding: 158 → 150 (-8)
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
69% less call options, than puts
Call options by funds: $438K | Put options by funds: $1.42M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DPCM
Doma Perpetual Capital Management
Miami,
Florida
|
+$33.6M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$4.19M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.81M |
| 4 |
Goldman Sachs
New York
|
+$2.63M |
| 5 |
Man Group
London,
United Kingdom
|
+$1.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$28.5M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$9.45M |
| 3 |
Millennium Management
New York
|
-$7.79M |
| 4 |
PCA
PL Capital Advisors
Naples,
Florida
|
-$5.99M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$4.29M |
MBIN Hedge Fund Activity: Q4 2025 in Review
150 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Merchants Bancorp (MBIN) for Q4 2025, worth a combined $548M — up 9.3% from $501M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of MBIN and 16 opened new positions — a net loss of 8 holders — while 56 trimmed existing stakes and 56 added.
The largest buyer was Doma Perpetual Capital Management, adding an estimated $33.6M. The largest seller was Macquarie Group, exiting entirely with an estimated $28.5M sold.
- 150 institutional investors held Merchants Bancorp (MBIN) as of Q4 2025, down from 158 in Q3 2025.
- Funds reported $548M of Merchants Bancorp stock for Q4 2025, up 9.3% quarter-over-quarter.
- 16 funds opened new Merchants Bancorp positions in Q4 2025 and 24 closed out, a net change of -8 holders.
- The largest Merchants Bancorp buyer in Q4 2025 was Doma Perpetual Capital Management, an estimated $33.6M added.
- The largest Merchants Bancorp seller in Q4 2025 was Macquarie Group, an estimated $28.5M sold.
Based on aggregated 13F filings for Q4 2025.