MERCHANTS BANCORP IND (MBIN)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
Institutions report 45,164,284 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.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
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 |
| 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 |
| 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 |
| 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 |
| Public Sector Pension Investment Board | $5.0M | 100,763 | 0.01% | 2q | -4.1%-$214.7K |
| 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 | -3.2%-$114.7K |
| 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 |
| SAPIENT CAPITAL LLC | $3.0M | 60,521 | 0.04% | 11q | HELD |
| 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 |
| PRICE T ROWE ASSOCIATES INC /MD/ | $1.7M | 33,798 | 0.00% | 10q | +21.7%+$301.0K |
| 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 CALL+PUT | 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 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1.2M | 23,993 | 0.00% | 31q | +25.3%+$242.2K |
| JAMES INVESTMENT RESEARCH, INC. | $1.2M | 23,770 | 0.12% | 23q | HELD |
| ALLIANCEBERNSTEIN L.P. | $1.2M | 27,618 | 0.00% | 18q | HELD |
| CANADA LIFE ASSURANCE Co | $1.1M | 22,867 | 0.00% | 12q | -5.0%-$60.7K |
| WELLS FARGO & COMPANY/MN | $1.1M | 21,957 | 0.00% | 31q | +122.3%+$604.1K |
| Twelve Points Wealth Management LLC | $1.0M | 20,466 | 0.21% | 18q | -10.7%-$122.5K |
| Thrivent Financial for Lutherans | $965.0K | 19,305 | 0.00% | 2q | -1.5%-$15.0K |
| 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 incl. $360.0K options CALL | 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% | 3q | HELD |
| 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 |
| Louisiana State Employees Retirement System | $645.0K | 12,900 | 0.01% | 2q | -0.8%-$5.0K |
| ACADIAN ASSET MANAGEMENT LLC | $626.0K | 12,532 | 0.00% | 2q | -8.7%-$59.4K |
| 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 |
| State of Alaska, Department of Revenue | $582.0K | 11,649 | 0.01% | 4q | -29.2%-$240.0K |
| 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 |
| CITADEL ADVISORS LLC | $495.0K CALL | options only | 0.00% | 28q | OPTIONS |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | $482.0K | 9,649 | 0.00% | 2q | +5.5%+$25.1K |
| 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 PUT | options only | 0.00% | new | OPTIONS |
| SG Americas Securities, LLC | $400.0K | 8,007 | 0.00% | 4q | +62.9%+$154.5K |
| YOUSIF CAPITAL MANAGEMENT, LLC | $389.6K | 7,791 | 0.00% | 2q | -0.7%-$2.8K |
| AMALGAMATED BANK | $389.0K | 7,787 | 0.00% | 18q | -6.7%-$28.1K |
| 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 |
Showing the largest 100 of 191 reported holders.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-30 | Kaercher Julia L. | Director | Sold | 9,000 | $496.8K |
Ten percent owners and entities
Usually an institution that crossed a reporting threshold, or a company taking a strategic stake, rather than an individual with a view.
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-30 | Petrie Michael F. | Chairman and CEO | Sold | 9,000 | $496.8K |
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 |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 45 | $1.3B | 27,354,052 | 7 | 9 | 10 | 0.0% |
| Q2 2026 | 191 | $2.3B | 45,164,284 | 26 | 55 | 60 | 0.1% |
| Q1 2026 | 179 | $2.0B | 45,505,038 | 44 | 53 | 46 | 0.1% |
| Q4 2025 | 151 | $550.2M | 16,106,633 | 11 | 53 | 53 | 0.3% |
| Q3 2025 | 158 | $509.1M | 15,938,843 | 19 | 69 | 37 | 0.4% |
| Q2 2025 | 150 | $514.2M | 15,492,065 | 20 | 71 | 35 | 0.3% |
| Q1 2025 | 160 | $551.9M | 14,897,761 | 19 | 55 | 54 | 0.2% |
| Q4 2024 | 170 | $1.5B | 41,898,803 | 23 | 62 | 44 | 0.0% |
| Q3 2024 | 174 | $664.6M | 14,777,816 | 26 | 60 | 52 | 0.0% |
| Q2 2024 | 175 | $611.0M | 15,029,676 | 19 | 82 | 41 | 0.3% |
| Q1 2024 | 174 | $587.9M | 13,534,037 | 29 | 51 | 61 | 0.7% |
| Q4 2023 | 165 | $557.9M | 13,013,021 | 40 | 49 | 43 | 0.7% |
| Q3 2023 | 122 | $296.3M | 10,682,432 | 15 | 40 | 38 | 0.1% |
| Q2 2023 | 114 | $271.8M | 10,612,262 | 11 | 42 | 44 | 0.1% |
| Q1 2023 | 124 | $271.4M | 10,403,483 | 20 | 46 | 35 | 0.1% |
| Q4 2022 | 114 | $247.5M | 10,140,810 | 8 | 41 | 41 | 0.3% |
| Q3 2022 | 118 | $1.5B | 63,177,145 | 16 | 44 | 36 | 0.0% |
| Q2 2022 | 110 | $331.9M | 14,658,279 | 12 | 39 | 37 | 0.0% |
| Q1 2022 | 118 | $1.8B | 66,834,983 | 24 | 30 | 39 | 0.0% |
| Q4 2021 | 110 | $2.1B | 44,262,167 | 15 | 33 | 36 | 0.0% |
| Q3 2021 | 99 | $855.4M | 21,672,869 | 9 | 33 | 33 | 0.0% |
| Q2 2021 | 108 | $858.2M | 21,871,089 | 15 | 38 | 29 | 0.0% |
| Q1 2021 | 102 | $920.3M | 21,943,307 | 19 | 26 | 44 | 0.0% |
| Q4 2020 | 90 | $173.0M | 6,261,291 | 22 | 32 | 23 | 0.0% |
| Q3 2020 | 76 | $121.4M | 6,157,303 | 5 | 19 | 37 | 0.0% |
| Q2 2020 | 77 | $115.0M | 6,217,750 | 9 | 26 | 25 | 0.0% |
| Q1 2020 | 74 | $94.3M | 6,208,962 | 8 | 17 | 41 | 0.0% |
| Q4 2019 | 70 | $129.0M | 6,543,790 | 8 | 34 | 18 | 0.0% |
| Q3 2019 | 70 | $101.8M | 6,157,886 | 10 | 29 | 21 | 0.0% |
| Q2 2019 | 71 | $201.1M | 11,809,379 | 15 | 15 | 30 | 0.0% |
| Q1 2019 | 65 | $258.2M | 12,008,550 | 3 | 21 | 25 | 0.0% |
| Q4 2018 | 67 | $242.5M | 12,144,382 | 0 | 0 | 2 | 0.0% |
