MERCHANTS BANCORP/IN (MBIN) Institutional Shareholders
MERCHANTS BANCORP/IN (MBIN) is currently reported in institutional portfolios tracked by InsiderSet based on the latest available SEC Form 13F filings for the quarter ended June 30, 2026. The institutional investors covered on this page collectively reported approximately $2.25B in MBIN holdings during the latest filing period.
Elser Financial Planning, Inc is currently the largest disclosed institutional shareholder of MBIN tracked by InsiderSet, reporting ownership valued at approximately $1.34B in its June 30, 2026 SEC Form 13F filing. Based on current market prices and the latest disclosed share count, the position is now estimated to be worth approximately $1.39B, representing an estimated gain of +3.54% since the filing period.
The top 10 institutional shareholders tracked on this page collectively account for approximately 86% of the total disclosed MBIN value among the investors covered in this analysis. Major shareholders include Elser Financial Planning, Inc, Blackrock, Inc., Dimensional Fund Advisors Lp, and several other long-term asset managers with concentrated positions in MERCHANTS BANCORP/IN (MBIN).
This page ranks the largest institutional MBIN shareholders using publicly disclosed SEC Form 13F data, including reported values, estimated current holding values, portfolio allocation percentages, ownership concentration metrics, and historical holding changes across major hedge funds and investment firms.
Institutional Holders
181
Total Reported Value
$2.25B
Largest Holder
Elser Financial Planning, Inc
Largest Position
$1.34B
Insider Transactions (90d)
10
Latest Filing Quarter
Q2 2026
New Institutional Positions
84
Funds Exiting Positions
0
| Name | Investor/Manager | Portfolio % | Quantity | Reported Balance | Current Estimated Value | Gain/loss Since Filing | Estimated Portfolio Performance |
|---|---|---|---|---|---|---|---|
| Elser Financial Planning, Inc | 58.12% | 26,808,625 | $1,340,431,250 | $1,387,882,516 | +$47,451,266 | +3.54% | |
| Blackrock, Inc. | 0.00% | 4,105,193 | $205,259,650 | $212,525,842 | +$7,266,192 | +3.54% | |
| Dimensional Fund Advisors Lp | 0.02% | 1,827,144 | $91,358,637 | $94,591,245 | +$3,232,608 | +3.54% | |
| State Street Corp | 0.00% | 1,066,972 | $53,463,502 | $55,237,140 | +$1,773,638 | +3.32% | |
| Nomura Asset Management International Inc. | 0.08% | 1,044,992 | $52,250,000 | $54,099,236 | +$1,849,236 | +3.54% | |
| Vanguard Capital Management Llc | 0.00% | 1,015,813 | $50,790,650 | $52,588,639 | +$1,797,989 | +3.54% | |
| American Century Companies Inc | 0.02% | 837,052 | $41,852,600 | $43,334,182 | +$1,481,582 | +3.54% | |
| Doma Perpetual Capital Management Llc | 9.40% | 810,082 | $40,504,100 | $41,937,945 | +$1,433,845 | +3.54% | |
| Geode Capital Management, Llc | 0.00% | 740,326 | $37,022,692 | $38,326,677 | +$1,303,985 | +3.52% | |
| Royce & Associates Lp | 0.21% | 527,047 | $26,352,350 | $27,285,223 | +$932,873 | +3.54% | |
| Vanguard Portfolio Management Llc | 0.00% | 488,221 | $24,411,050 | $25,275,201 | +$864,151 | +3.54% | |
| Morgan Stanley | 0.00% | 308,775 | $15,438,806 | $15,985,282 | +$546,476 | +3.54% | |
| Northern Trust Corp | 0.00% | 301,802 | $15,090,100 | $15,624,290 | +$534,190 | +3.54% | |
| Hotchkis & Wiley Capital Management Llc | 0.04% | 298,438 | $14,921,900 | $15,450,135 | +$528,235 | +3.54% | |
| Banc Funds Co Llc | 2.35% | 285,062 | $14,253,100 | $14,757,660 | +$504,560 | +3.54% | |
| Basswood Capital Management, L.L.C. | 0.59% | 273,747 | $13,687,350 | $14,171,882 | +$484,532 | +3.54% | |
| Charles Schwab Investment Management Inc | 0.00% | 252,548 | $12,627,400 | $13,074,410 | +$447,010 | +3.54% | |
| Invesco Ltd. | 0.00% | 240,395 | $12,019,725 | $12,445,249 | +$425,524 | +3.54% | |
| Bank Of New York Mellon Corp | 0.00% | 234,378 | $11,718,890 | $12,133,749 | +$414,859 | +3.54% | |
| Valeo Financial Advisors, Llc | 0.24% | 226,998 | $11,349,895 | $11,751,686 | +$401,791 | +3.54% | |
| Royal Bank Of Canada | 0.00% | 220,641 | $11,032,000 | $11,422,585 | +$390,585 | +3.54% | |
| Vanguard Fiduciary Trust Co | 0.00% | 190,624 | $9,531,200 | $9,868,604 | +$337,404 | +3.54% | |
| Denali Advisors Llc | 0.88% | 174,576 | $8,728,800 | $9,037,800 | +$309,000 | +3.54% | |
| Principal Financial Group Inc | 0.00% | 142,476 | $7,123,800 | $7,375,983 | +$252,183 | +3.54% | |
| Ballast Asset Management, Lp | 2.70% | 135,270 | $6,763,500 | $7,002,928 | +$239,428 | +3.54% | |
| Bank Of America Corp | 0.00% | 121,142 | $6,057,100 | $6,271,521 | +$214,421 | +3.54% | |
| Russell Investments Group, Ltd. | 0.00% | 112,021 | $5,601,025 | $5,799,327 | +$198,302 | +3.54% | |
| Deutsche Bank Ag\ | 0.00% | 105,673 | $5,283,650 | $5,470,691 | +$187,041 | +3.54% | |
| First Trust Advisors Lp | 0.00% | 100,916 | $5,045,800 | $5,224,421 | +$178,621 | +3.54% | |
| Public Sector Pension Investment Board | 0.01% | 100,763 | $5,038,150 | $5,216,501 | +$178,351 | +3.54% | |
| Goldman Sachs Group Inc | 0.00% | 71,239 | $3,561,959 | $3,688,043 | +$126,084 | +3.54% | |
| Ameriprise Financial Inc | 0.00% | 70,459 | $3,523,002 | $3,647,662 | +$124,660 | +3.54% | |
| Rhumbline Advisers | 0.00% | 66,756 | $3,337,800 | $3,455,958 | +$118,158 | +3.54% | |
| Xtx Topco Ltd | 0.04% | 64,985 | $3,249,250 | $3,364,273 | +$115,023 | +3.54% | |
| Legal & General Group Plc | 0.00% | 64,385 | $3,219,250 | $3,333,211 | +$113,961 | +3.54% | |
| Ubs Group Ag | 0.00% | 61,772 | $3,088,600 | $3,197,936 | +$109,336 | +3.54% | |
| Sapient Capital Llc | 0.04% | 60,521 | $3,032,707 | $3,133,172 | +$100,465 | +3.31% | |
| New York State Common Retirement Fund | 0.00% | 58,134 | $2,906,700 | $3,009,597 | +$102,897 | +3.54% | |
| Sei Investments Co | 0.00% | 54,722 | $2,736,100 | $2,832,958 | +$96,858 | +3.54% | |
| State Board Of Administration Of Florida Retirement System | 0.00% | 54,235 | $2,711,750 | $2,807,746 | +$95,996 | +3.54% | |
| Nuveen, Llc | 0.00% | 50,975 | $2,548,750 | $2,638,976 | +$90,226 | +3.54% | |
| Quantinno Capital Management Lp | 0.00% | 50,163 | $2,508,150 | $2,596,939 | +$88,789 | +3.54% | |
| Citigroup Inc | 0.00% | 42,361 | $2,118,050 | $2,193,029 | +$74,979 | +3.54% | |
| Swiss National Bank | 0.00% | 41,500 | $2,075,000 | $2,148,455 | +$73,455 | +3.54% | |
| Aqr Capital Management Llc | 0.00% | 40,280 | $2,013,989 | $2,085,296 | +$71,307 | +3.54% | |
| Raymond James Financial Inc | 0.00% | 38,503 | $1,925,109 | $1,993,300 | +$68,191 | +3.54% | |
| Two Sigma Investments, Lp | 0.00% | 34,621 | $1,731,050 | $1,792,329 | +$61,279 | +3.54% | |
| Lpl Financial Llc | 0.00% | 33,978 | $1,698,900 | $1,759,041 | +$60,141 | +3.54% | |
| Price T Rowe Associates Inc | 0.00% | 33,798 | $1,690,000 | $1,749,722 | +$59,722 | +3.53% | |
| Prudential Financial Inc | 0.00% | 29,615 | $1,480,750 | $1,533,169 | +$52,419 | +3.54% |
Frequently asked questions about MBIN
Who owns the most MBIN stock?
The largest holders of MBIN are typically major institutional investors such as asset managers and hedge funds reporting on Form 13F. The table above ranks tracked superinvestors by reported position size using the latest available filings for MERCHANTS BANCORP/IN (MBIN).
Is MBIN widely held by superinvestors?
Many widely followed stocks like MBIN appear across numerous superinvestor portfolios because of liquidity, index inclusion, and fundamentals. The holder count and table above show how broadly MBIN is represented among the institutional managers we track.
What do “Current Estimated Value”, “Gain/loss Since Filing”, and “Estimated Portfolio Performance” mean?
Current Estimated Value is reported share quantity from the latest 13F times our most recent split-adjusted U.S. session close. Gain/loss Since Filing is that estimate minus the reported 13F dollar value; Estimated Portfolio Performance is that difference as a percent of the reported value. Green means the estimate is above the filing value; red means below (not purchase cost). If many filers share the same implied filing price per share, the performance % may match across rows. These are not official fund marks or live quotes.