MERCHANTS BANCORP IND (MBIN)
Institutional ownership reported to the SEC as of Q2 2026, across 31 quarters.
176
Reporting holders
$2.3B
Reported value
98.9%
Of shares outstanding
0.1%
Held as options
+14
Holder change
Institutions report 45,427,009 shares against 45,938,075 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Options share is the part of reported value carried in derivative lines rather than shares. A high figure means institutions are expressing a view on this security without owning much of it.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| Elser Financial Planning, Inc | $1.3B | 26,808,625 | 58.12% | 2q | -0.6%-$8.7M |
| BlackRock, Inc. | $205.3M | 4,105,193 | 0.00% | 8q | +1.3%+$2.7M |
| DIMENSIONAL FUND ADVISORS LP | $91.4M | 1,827,144 | 0.02% | 30q | +3.9%+$3.4M |
| STATE STREET CORP | $53.5M | 1,066,972 | 0.00% | 31q | +3.1%+$1.6M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $52.2M | 1,044,992 | 0.08% | 3q | -4.4%-$2.4M |
| VANGUARD CAPITAL MANAGEMENT LLC | $50.8M | 1,015,813 | 0.00% | 2q | +1.5%+$751.9K |
| AMERICAN CENTURY COMPANIES INC | $41.9M | 837,052 | 0.02% | 25q | +12.7%+$4.7M |
| Doma Perpetual Capital Management LLC | $40.5M | 810,082 | 9.40% | 4q | -27.4%-$15.3M |
| GEODE CAPITAL MANAGEMENT, LLC | $37.0M | 740,326 | 0.00% | 31q | +2.1%+$744.7K |
| ROYCE & ASSOCIATES LP | $26.4M | 527,047 | 0.21% | 9q | -7.1%-$2.0M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $24.4M | 488,221 | 0.00% | 2q | +5.1%+$1.2M |
| MORGAN STANLEY | $15.4M | 308,775 | 0.00% | 35q | +3.6%+$535.8K |
| NORTHERN TRUST CORP | $15.1M | 301,802 | 0.00% | 31q | +5.1%+$735.5K |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $14.9M | 298,438 | 0.04% | 16q | -1.3%-$198.5K |
| BANC FUNDS CO LLC | $14.3M | 285,062 | 2.35% | 31q | +1.4%+$200.0K |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | $13.7M | 273,747 | 0.54% | 29q | HELD |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $12.6M | 252,548 | 0.00% | 31q | +1.8%+$223.3K |
| Sixth Street Partners Management Company, L.P. | $12.6M | 252,548 | 0.00% | new | NEW |
| Invesco Ltd. | $12.0M | 240,395 | 0.00% | 26q | +55.0%+$4.3M |
| Bank of New York Mellon Corp | $11.7M | 234,378 | 0.00% | 31q | -0.7%-$88.4K |
| Valeo Financial Advisors, LLC | $11.3M | 226,998 | 0.24% | 31q | -3.4%-$405.1K |
| ROYAL BANK OF CANADA | $11.0M | 220,641 | 0.00% | 31q | +3.7%+$389.4K |
| Public Sector Pension Investment Board | $10.1M | 201,526 | 0.01% | 2q | +91.8%+$4.8M |
| VANGUARD FIDUCIARY TRUST CO | $9.5M | 190,624 | 0.00% | 2q | +4.8%+$437.4K |
| DENALI ADVISORS LLC | $8.7M | 174,576 | 0.88% | 31q | -10.3%-$1.0M |
| PRINCIPAL FINANCIAL GROUP INC | $7.1M | 142,476 | 0.00% | 2q | HELD |
| Ballast Asset Management, LP | $6.8M | 135,270 | 2.70% | 5q | -1.0%-$65.8K |
| SAPIENT CAPITAL LLC | $6.1M | 121,042 | 0.04% | 11q | +100.0%+$3.0M |
| BANK OF AMERICA CORP /DE/ | $6.1M | 121,142 | 0.00% | 31q | +13.9%+$739.2K |
| Russell Investments Group, Ltd. | $5.6M | 112,021 | 0.00% | 31q | +30.5%+$1.3M |
| DEUTSCHE BANK AG\ | $5.3M | 105,673 | 0.00% | 34q | +2.6%+$135.8K |
| FIRST TRUST ADVISORS LP | $5.0M | 100,916 | 0.00% | 27q | -13.3%-$772.0K |
| FRANKLIN RESOURCES INC | $4.9M | 98,874 | 0.00% | 12q | -8.1%-$434.9K |
| GOLDMAN SACHS GROUP INC | $3.6M | 71,239 | 0.00% | 23q | -43.7%-$2.8M |
| AMERIPRISE FINANCIAL INC | $3.5M | 70,459 | 0.00% | 16q | -51.6%-$3.8M |
| RHUMBLINE ADVISERS | $3.3M | 66,756 | 0.00% | 31q | -13.8%-$533.9K |
| XTX Topco Ltd | $3.2M | 64,985 | 0.04% | 7q | +230.8%+$2.3M |
| Legal & General Group Plc | $3.2M | 64,385 | 0.00% | 31q | +10.2%+$296.9K |
| UBS Group AG | $3.1M | 61,772 | 0.00% | 19q | -23.0%-$925.1K |
| NEW YORK STATE COMMON RETIREMENT FUND | $2.9M | 58,134 | 0.00% | 31q | -4.3%-$130.0K |
| SEI INVESTMENTS CO | $2.7M | 54,722 | 0.00% | 12q | -49.8%-$2.7M |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2.7M | 54,235 | 0.00% | 2q | -5.2%-$150.2K |
| Nuveen, LLC | $2.5M | 50,975 | 0.00% | 6q | +6.5%+$154.8K |
| Quantinno Capital Management LP | $2.5M | 50,163 | 0.00% | 5q | +43.6%+$761.9K |
| CITIGROUP INC | $2.1M | 42,361 | 0.00% | 31q | +219.9%+$1.5M |
| Swiss National Bank | $2.1M | 41,500 | 0.00% | 31q | +2.0%+$40.0K |
| AQR CAPITAL MANAGEMENT LLC | $2.0M | 40,280 | 0.00% | 22q | +5.1%+$98.4K |
| RAYMOND JAMES FINANCIAL INC | $1.9M | 38,503 | 0.00% | 7q | -11.3%-$245.0K |
| TWO SIGMA INVESTMENTS, LP | $1.7M | 34,621 | 0.00% | 5q | -16.8%-$350.0K |
| LPL Financial LLC | $1.7M | 33,978 | 0.00% | 10q | -2.6%-$45.1K |
| PRUDENTIAL FINANCIAL INC | $1.5M | 29,615 | 0.00% | 2q | +0.7%+$10.0K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1.5M | 29,329 | 0.00% | 11q | HELD |
| Formidable Asset Management, LLC | $1.4M | 33,200 | 0.23% | 10q | -3.5%-$51.5K |
| Pacific Ridge Capital Partners, LLC | $1.4M | 28,425 | 0.26% | 4q | -1.1%-$16.4K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1.4M | options only | 0.00% | 11q | OPTIONS |
| PICTON MAHONEY ASSET MANAGEMENT | $1.3M | 26,915 | 0.01% | 2q | +19.5%+$219.2K |
| ExodusPoint Capital Management, LP | $1.3M | 25,670 | 0.01% | new | NEW |
| MILLENNIUM MANAGEMENT LLC | $1.3M | 25,501 | 0.00% | new | NEW |
| Verdence Capital Advisors LLC | $1.3M | 25,019 | 0.07% | 2q | -3.2%-$41.5K |
| FEDERATED HERMES, INC. | $1.2M | 24,990 | 0.00% | 14q | +40.0%+$357.3K |
| Louisiana State Employees Retirement System | $1.2M | 25,900 | 0.01% | 2q | +99.2%+$599.1K |
| JAMES INVESTMENT RESEARCH, INC. | $1.2M | 23,770 | 0.12% | 23q | HELD |
| ALLIANCEBERNSTEIN L.P. | $1.2M | 27,618 | 0.00% | 18q | HELD |
| WELLS FARGO & COMPANY/MN | $1.1M | 21,957 | 0.00% | 31q | +11.2%+$110.4K |
| Twelve Points Wealth Management LLC | $1.0M | 20,466 | 0.21% | 18q | -10.7%-$122.5K |
| CAPSTONE INVESTMENT ADVISORS, LLC | $950.9K | 19,018 | 0.00% | new | NEW |
| JPMORGAN CHASE & CO | $945.8K | 17,799 | 0.00% | 31q | -39.0%-$603.7K |
| Vanguard Global Advisers, LLC | $852.5K | 17,050 | 0.00% | 2q | +5.0%+$40.6K |
| D. E. Shaw & Co., Inc. | $818.0K | 16,359 | 0.00% | 23q | -42.1%-$595.8K |
| STIFEL FINANCIAL CORP | $808.7K | 16,174 | 0.00% | 31q | HELD |
| LJI Wealth Management, LLC | $750.0K | 15,000 | 0.11% | new | NEW |
| Illinois Municipal Retirement Fund | $743.6K | 14,873 | 0.01% | 2q | -1.7%-$12.9K |
| VANGUARD ASSET MANAGEMENT, Ltd | $737.4K | 14,747 | 0.00% | 2q | HELD |
| MetLife Investment Management, LLC | $735.4K | 14,708 | 0.00% | 22q | +3.2%+$23.1K |
| ZEGA Investments, LLC | $720.0K | 7,200 | 0.07% | new | NEW |
| STRS OHIO | $710.0K | 14,200 | 0.00% | 31q | HELD |
| Curry Webb Wealth Management LLC | $705.9K | 14,118 | 0.29% | new | FIRST |
| BNP PARIBAS FINANCIAL MARKETS | $682.3K | 13,646 | 0.00% | 31q | -10.2%-$77.6K |
| Inspire Investing, LLC | $678.4K | 13,567 | 0.03% | 5q | +13.6%+$81.2K |
| COMMONWEALTH EQUITY SERVICES, LLC | $592.8K | 11,856 | 0.00% | 31q | -1.2%-$7.2K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $582.9K | 11,658 | 0.00% | 9q | -4.3%-$26.3K |
| OXFORD FINANCIAL GROUP, LTD. LLC | $556.9K | 11,137 | 0.03% | 5q | HELD |
| Aldebaran Capital, LLC | $506.2K | 10,125 | 0.38% | 15q | HELD |
| BCGM Wealth Management, LLC | $504.9K | 10,097 | 0.11% | 17q | -34.8%-$269.0K |
| PNC Financial Services Group, Inc. | $499.6K | 9,991 | 0.00% | 28q | +1.1%+$5.7K |
| MERCER GLOBAL ADVISORS INC /ADV | $495.6K | 9,912 | 0.00% | new | NEW |
| CITADEL ADVISORS LLC | $495.0K | options only | 0.00% | 28q | OPTIONS |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $436.0K | 8,720 | 0.00% | 12q | -40.8%-$300.4K |
| BARCLAYS PLC | $431.4K | 8,629 | 0.00% | 31q | +49.0%+$141.9K |
| JANE STREET GROUP, LLC | $415.0K | options only | 0.00% | new | OPTIONS |
| YOUSIF CAPITAL MANAGEMENT, LLC | $389.6K | 7,791 | 0.00% | 2q | -0.7%-$2.8K |
| Cetera Investment Advisers | $381.4K | 7,628 | 0.00% | 12q | -9.5%-$40.0K |
| Meeder Advisory Services, Inc. | $375.0K | 7,500 | 0.01% | 12q | HELD |
| Impact Partnership Wealth, LLC | $365.9K | 7,319 | 0.04% | 5q | -49.6%-$360.0K |
| Police & Firemen's Retirement System of New Jersey | $358.9K | 7,177 | 0.00% | 7q | HELD |
| Jupiter Topco LLC | $353.6K | 7,076 | 0.00% | new | FIRST |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $348.6K | 6,971 | 0.00% | 2q | -4.0%-$14.6K |
| OREGON PUBLIC EMPLOYEES RETIREMENT FUND | $335.0K | 6,700 | 0.00% | 2q | HELD |
| FIFTH THIRD BANCORP | $309.2K | 6,184 | 0.00% | 2q | -1.7%-$5.4K |
| Vident Advisory, LLC | $299.7K | 5,994 | 0.00% | 2q | +1.9%+$5.5K |
Showing the largest 100 of 191 reported holders.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 176 | $2.3B | 45,427,009 | 29 | 52 | 52 | 0.1% |
| Q1 2026 | 162 | $2.0B | 45,430,579 | 38 | 49 | 41 | 0.1% |
| Q4 2025 | 139 | $545.8M | 15,976,862 | 11 | 47 | 50 | 0.3% |
| Q3 2025 | 144 | $507.5M | 15,918,475 | 16 | 64 | 34 | 0.4% |
| Q2 2025 | 138 | $513.1M | 15,473,230 | 18 | 66 | 35 | 0.3% |
| Q1 2025 | 146 | $548.1M | 14,802,316 | 18 | 48 | 52 | 0.2% |
| Q4 2024 | 155 | $1.5B | 41,773,499 | 23 | 57 | 38 | 0.0% |
| Q3 2024 | 157 | $656.6M | 14,600,079 | 24 | 54 | 47 | 0.0% |
| Q2 2024 | 156 | $599.3M | 14,740,216 | 17 | 73 | 36 | 0.3% |
| Q1 2024 | 153 | $557.3M | 12,826,198 | 24 | 46 | 54 | 0.7% |
| Q4 2023 | 147 | $525.2M | 12,243,374 | 34 | 44 | 38 | 0.7% |
| Q3 2023 | 109 | $280.1M | 10,094,600 | 12 | 39 | 34 | 0.1% |
| Q2 2023 | 102 | $256.3M | 10,008,927 | 9 | 40 | 38 | 0.1% |
| Q1 2023 | 100 | $246.5M | 9,480,922 | 15 | 37 | 29 | 0.1% |
| Q4 2022 | 91 | $192.9M | 7,920,213 | 7 | 32 | 31 | 0.4% |
| Q3 2022 | 120 | $230.0M | 9,987,159 | 16 | 44 | 37 | 0.0% |
| Q2 2022 | 112 | $219.0M | 9,676,583 | 12 | 39 | 38 | 0.0% |
| Q1 2022 | 120 | $260.2M | 9,504,382 | 24 | 86 | 9 | 0.0% |
| Q4 2021 | 112 | $303.0M | 6,408,677 | 15 | 35 | 35 | 0.0% |
| Q3 2021 | 102 | $250.0M | 6,335,297 | 10 | 34 | 33 | 0.0% |
| Q2 2021 | 110 | $254.5M | 6,485,128 | 15 | 38 | 30 | 0.0% |
| Q1 2021 | 105 | $275.3M | 6,562,148 | 21 | 27 | 44 | 0.0% |
| Q4 2020 | 91 | $173.1M | 6,264,006 | 22 | 33 | 23 | 0.0% |
| Q3 2020 | 77 | $121.4M | 6,159,519 | 5 | 20 | 37 | 0.0% |
| Q2 2020 | 78 | $115.0M | 6,218,152 | 9 | 26 | 26 | 0.0% |
| Q1 2020 | 75 | $94.4M | 6,211,154 | 8 | 18 | 41 | 0.0% |
| Q4 2019 | 71 | $129.0M | 6,545,895 | 8 | 35 | 18 | 0.0% |
| Q3 2019 | 71 | $101.9M | 6,159,542 | 10 | 29 | 22 | 0.0% |
| Q2 2019 | 73 | $106.2M | 6,236,099 | 15 | 15 | 31 | 0.0% |
| Q1 2019 | 67 | $138.4M | 6,436,404 | 3 | 22 | 25 | 0.0% |
| Q4 2018 | 69 | $131.2M | 6,569,253 | 0 | 0 | 2 | 0.0% |