Company · Ownership research

Merchants Bancorp MBIN

CIK 0001629019 · CUSIP 58844R108

Insider trading Initial holdings Institutional holders

Quarter-end disclosures, not live holdings.

This page lists the top 20 of 84 rows by value; the complete set is available through the API.

Some filings reported values in thousands; those figures were scaled ×1,000 to dollars.

Top 20 institutions

Weight means this stock's share of the manager's own portfolio.

By reported value

#	Manager	Value	Manager weight	Change vs prior	Source
01	Elser Financial Planning, Inc CIK 2028202 · View history	$1.31B 26,797,327 shares	57.42%	-11.30K(0.00%)Reduced	SEC filing ↗ Oct 16, 2026	▾
02	DIMENSIONAL FUND ADVISORS LP CIK 354204 · View history	$92.80M 1,895,306 shares	0.02%	+68.16K(+3.70%)Added	SEC filing ↗ Nov 4, 2026	▾
03	GEODE CAPITAL MANAGEMENT, LLC CIK 1214717 · View history	$37.86M 773,133 shares	0.00%	+32.81K(+4.40%)Added	SEC filing ↗ Nov 6, 2026	▾
04	Bank of New York Mellon Corp CIK 1390777 · View history	$10.94M 223,518 shares	0.00%	-10.86K(-4.60%)Reduced	SEC filing ↗ Nov 5, 2026	▾
05	Valeo Financial Advisors, LLC CIK 1722641 · View history	$10.88M 222,274 shares	0.23%	-4.72K(-2.10%)Reduced	SEC filing ↗ Oct 8, 2026	▾
06	Ballast Asset Management, LP CIK 1998389 · View history	$6.43M 131,322 shares	2.79%	-3.95K(-2.90%)Reduced	SEC filing ↗ Nov 4, 2026	▾
07	WASATCH ADVISORS LP CIK 814133 · View history	$6.23M 127,174 shares	0.05%	+127.17KNew	SEC filing ↗ Oct 13, 2026	▾
08	PRINCIPAL FINANCIAL GROUP INC CIK 1126328 · View history	$5.94M 121,301 shares	0.00%	-21.18K(-14.90%)Reduced	SEC filing ↗ Nov 2, 2026	▾
09	Russell Investments Group, Ltd. CIK 1692234 · View history	$5.28M 107,882 shares	0.00%	-4.14K(-3.70%)Reduced	SEC filing ↗ Nov 6, 2026	▾
10	DEUTSCHE BANK AG\ CIK 948046 · View history	$3.55M 72,443 shares	0.00%	-33.23K(-31.40%)Reduced	SEC filing ↗ Nov 6, 2026	▾
11	SAPIENT CAPITAL LLC CIK 1998653 · View history	$2.96M 60,521 shares	0.04%	0(0.00%)Unchanged	SEC filing ↗ Oct 8, 2026	▾
12	BARCLAYS PLC CIK 312069 · View history	$2.34M 47,835 shares	0.00%	+39.21K(+454.40%)Added	SEC filing ↗ Nov 6, 2026	▾
13	CITIGROUP INC CIK 831001 · View history	$2.30M 47,074 shares	0.00%	+4.71K(+11.10%)Added	SEC filing ↗ Nov 4, 2026	▾
14	Formidable Asset Management, LLC CIK 1592613 · View history	$1.66M 33,200 shares	0.24%	0(0.00%)Unchanged	SEC filing ↗ Nov 3, 2026	▾
15	Verdence Capital Advisors LLC CIK 1719305 · View history	$1.23M 25,092 shares	0.05%	+73(+0.30%)Added	SEC filing ↗ Oct 26, 2026	▾
16	JAMES INVESTMENT RESEARCH, INC. CIK 810384 · View history	$1.16M 23,770 shares	0.12%	0(0.00%)Unchanged	SEC filing ↗ Oct 22, 2026	▾
17	Twelve Points Wealth Management LLC CIK 1877090 · View history	$981.60K 18,844 shares	0.18%	-1.62K(-7.90%)Reduced	SEC filing ↗ Nov 3, 2026	▾
18	Thrivent Financial for Lutherans CIK 314984 · View history	$787.00K 16,070 shares	0.00%	-3.23K(-16.80%)Reduced	SEC filing ↗ Nov 5, 2026	▾
19	STRS OHIO CIK 820478 · View history	$778.46K 15,900 shares	0.00%	+1.70K(+12.00%)Added	SEC filing ↗ Oct 30, 2026	▾
20	Illinois Municipal Retirement Fund CIK 1541910 · View history	$744.29K 15,202 shares	0.01%	+329(+2.20%)Added	SEC filing ↗ Nov 5, 2026	▾

Showing 20 / 84 institutions. The complete set is available through the API.

Coverage & totals by quarter

Reporting institutions

Cancelled or null records excluded

Disclosed shares

30,947,529

Not deduplicated across managers

Disclosed value

$1.52B

Not market cap or free float

Reporting institutions by quarter

Counts also change with data coverage and reporting entities; they do not measure net buying. Distinct managers with a live stock row in this CUSIP; totals may include overlapping filings and are not a share of the company.

Merchants Bancorp · Q3 2026

Explore all 84 reporting institutions.

This page includes 20 of 84 reporting institutions. Log in to look up the full history beyond 3 years, use advanced screening & filtering, download CSV, and get the complete set through the Akkru API.

Download CSV
Earlier quarters
Advanced screening & filtering
API & AI access

Already have an account?

＋ New accounts get free API credits to explore data beyond ownership filings.

For AI agents & developers

The initial HTML of this page carries its exact data as script#research-data (JSON): values, units, scope, preview limits and SEC sources. Read it directly, no script or API key needed; script#research-access says what needs an account. This page lists 20 of 84 reporting institutions; totals use the complete disclosed data.

Without an account: the last 3 years, with the row caps stated on the page. A free account opens all history on file on these pages and the CSV of what a page shows. Rows beyond the caps and bulk retrieval go through the authenticated API / MCP / CLI.

MCP  https://api.akkrudata.ai/mcp

akkru_institutional_holdings
{"action":"holders","cusip":"58844R108","quarter":"2026Q3","type":"positions","page_size":100}

Connect to MCP with OAuth and follow the returned pagination. Credits and usage limits depend on the account.

MCP endpoint: https://api.akkrudata.ai/mcp
API / MCP / CLI documentation: /documents
llms.txt: /llms.txt

Sources, coverage & how to read this data

Figures are as reported to the SEC and merged with later amendments where Akkru could match them. Preview limits apply to what is listed, not to the totals, which come from the complete reported data. Nothing is zero-filled: a missing quarter or month is shown as missing.