Merchants Bancorp
Merchants Bancorp (MBIN) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · MBIN · as of Sep 30, 2025
Ownership Breakdown
161
Institutional Holders
▲ 7 vs Q2
$501.27M
Total Inst. Value
▼ $938.25M vs Q2
45.94M
Shares Outstanding
freeFloat 41.86%
15.76M
13F Shares Held
▼ 26.60M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
MBIN largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. state commercial banks | 1.85M | 4.04% | 4.04% | $58.96B | Nov 12, 2025 | ▲ 287 |
DIMENSIONAL FUND ADVISORS LP state commercial banks | 1.60M | 3.49% | 3.49% | $50.94B | Nov 12, 2025 | ▲ 61.6K |
VANGUARD GROUP INC state commercial banks | 1.38M | 3.00% | 3.00% | $43.83B | Nov 7, 2025 | ▲ 22.4K |
MACQUARIE GROUP LTD state commercial banks | 897.1K | 1.96% | 1.96% | $28.53B | Nov 13, 2025 | ▲ 12.2K |
ROYCE & ASSOCIATES LP state commercial banks | 862.1K | 1.88% | 1.88% | $27.42B | Nov 12, 2025 | ▲ 79.7K |
GEODE CAPITAL MANAGEMENT, LLC state commercial banks | 696.5K | 1.52% | 1.52% | $22.15B | Nov 12, 2025 | ▲ 15.0K |
AMERICAN CENTURY COMPANIES INC state commercial banks | 630.1K | 1.37% | 1.37% | $20.04B | Nov 12, 2025 | ▲ 62.1K |
STATE STREET CORP state commercial banks | 548.3K | 1.19% | 1.19% | $17.49B | Nov 14, 2025 | ▲ 18.1K |
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC state commercial banks | 389.9K | 84.97% | 84.97% | $12.40B | Nov 14, 2025 | ▲ 27.4K |
MILLENNIUM MANAGEMENT LLC state commercial banks | 365.1K | 79.57% | 79.57% | $11.61B | Nov 14, 2025 | ▲ 210.2K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
32
Increased
+1.22M shares2
New Positions
first time holders13
Decreased
−935.0K shares0
Sold Out
fully exitedNet shares change (top 50)
+288.4K
+1.22M / −935.0K
Net new holders
+21
2 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
MBIN insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
7
Buy transactions
6
Sell transactions
1.17
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Dury Michael R. CEO of Merchants Capital | Jun 3, 2026 | Gift | 10,700 | — | — | 124.4K | Form 4 ↗ |
Shaffer Mark E. director | May 21, 2026 | Award | 381 | $46.03 | $17.5K | 381 | Form 4 ↗ |
O'Brien Patrick D. director | May 21, 2026 | Award | 381 | $46.03 | $17.5K | 119.7K | Form 4 ↗ |
JUSTER ANDREW director | May 21, 2026 | Award | 381 | $46.03 | $17.5K | 26.2K | Form 4 ↗ |
Dinwiddie Thomas director | May 21, 2026 | Award | 381 | $46.03 | $17.5K | 22.8K | Form 4 ↗ |
Catchings Tamika director | May 21, 2026 | Award | 381 | $46.03 | $17.5K | 7.8K | Form 4 ↗ |
Sellers Anne E. director | May 21, 2026 | Award | 381 | $46.03 | $17.5K | 12.7K | Form 4 ↗ |
Curless Michael S director | May 21, 2026 | Award | 381 | $46.03 | $17.5K | 381 | Form 4 ↗ |
Petrie Michael F. Chairman and CEO | May 15, 2026 | Gift | 16,000 | — | — | 1.85M | Form 4 ↗ |
Langford Kevin T Chief Administrative Officer | May 7, 2026 | Gift | 650 | — | — | 36.4K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Merchants Bancorp (MBIN) is primarily owned by institutional investors, who hold approximately 34.3% of total shares outstanding. Company insiders own approximately 58.14%, while retail and public investors account for the remaining 7.55%.
The largest institutional shareholder of Merchants Bancorp is BLACKROCK, INC., holding approximately 1.85 million shares — equal to 4.04% of outstanding shares — as of September 30, 2025.
A total of 161 institutional investors currently hold MBIN stock, with a combined institutional value of approximately $501,268,934 as of the most recent 13F filing period.
Frequently asked questions
MBIN ownershipMerchants Bancorp (MBIN) is primarily owned by institutional investors, who hold approximately 34.3% of shares. The largest shareholder is BLACKROCK, INC. with a 4.04% stake. Company insiders hold 58.14%. Data sourced from SEC Form 13F as of September 30, 2025.