# Merchants Financial Group Inc (MFGI)

> Institutional ownership reported to the SEC as of Q2 2026, from Form 13F filings. Source: https://holderbook.com/stocks/MFGI/

- Reporting holders: 3
- Reported value: $13.5M
- Held through calls: 0.0%
- Held through puts: 0.0%

A 13F reports long US equity positions only. Shorts, bonds, foreign listings and cash are not visible here, and positions are disclosed up to 45 days after the quarter ends.

## Largest holders

| Manager | Value | Shares | Share of their book | Quarters held |
|---|---|---|---|---|
| [Siena Capital Partners GP, LLC](https://holderbook.com/funds/1694886-siena-capital-partners-gp-llc/) | $8.2M | 209,160 | 2.0% | 30 |
| [Cutler Capital Management, LLC](https://holderbook.com/funds/1353098-cutler-capital-management-llc/) | $5.2M | 132,830 | 1.4% | 29 |
| [PL Capital Advisors, LLC](https://holderbook.com/funds/1569147-pl-capital-advisors-llc/) | $54.3K | 1,380 | 0.0% | 3 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q2 2026 | 3 | $13.5M |
| Q1 2026 | 3 | $11.8M |
| Q4 2025 | 3 | $10.6M |
| Q3 2025 | 2 | $8.6M |
| Q2 2025 | 3 | $10.0M |
| Q1 2025 | 3 | $9.6M |
| Q4 2024 | 3 | $10.2M |
| Q3 2024 | 3 | $10.2M |
| Q2 2024 | 3 | $10.1M |
| Q1 2024 | 3 | $11.8M |
| Q4 2023 | 3 | $11.8M |
| Q3 2023 | 3 | $11.8M |