MBIN Institutional Ownership & Shareholders
MERCHANTS BANCORP/IN (MBIN) is currently held by 185 institutional investors tracked by InsiderSet, with a combined reported market value of approximately $2.23B based on the latest available SEC Form 13F filings for the quarter ended September 30, 2026.
Elser Financial Planning, Inc is currently the largest disclosed institutional shareholder of MBIN tracked by InsiderSet, reporting ownership valued at approximately $1.31B in its September 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 $1.40B, representing an estimated gain of +6.39% 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
185
Total Reported Value
$2.23B
Largest Holder
Elser Financial Planning, Inc
Largest Position
$1.31B
Insider Transactions (90d)
8
Latest Filing Quarter
Q3 2026
New Institutional Positions
75
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 | 57.42% | 26,797,327 | $1,311,997,130 | $1,395,872,763 | +$83,875,633 | +6.39% | |
| Blackrock, Inc. | 0.00% | 4,105,193 | $205,259,650 | $213,839,503 | +$8,579,853 | +4.18% | |
| Dimensional Fund Advisors Lp | 0.02% | 1,827,144 | $91,358,637 | $95,175,931 | +$3,817,294 | +4.18% | |
| State Street Corp | 0.00% | 1,066,972 | $53,463,502 | $55,578,571 | +$2,115,069 | +3.96% | |
| Nomura Asset Management International Inc. | 0.08% | 1,044,992 | $52,250,000 | $54,433,633 | +$2,183,633 | +4.18% | |
| Vanguard Capital Management Llc | 0.00% | 1,015,813 | $50,790,650 | $52,913,699 | +$2,123,049 | +4.18% | |
| American Century Companies Inc | 0.02% | 837,052 | $41,852,600 | $43,602,039 | +$1,749,439 | +4.18% | |
| Doma Perpetual Capital Management Llc | 9.40% | 810,082 | $40,504,100 | $42,197,171 | +$1,693,071 | +4.18% | |
| Geode Capital Management, Llc | 0.00% | 740,326 | $37,022,692 | $38,563,581 | +$1,540,889 | +4.16% | |
| Royce & Associates Lp | 0.21% | 527,047 | $26,352,350 | $27,453,878 | +$1,101,528 | +4.18% | |
| Vanguard Portfolio Management Llc | 0.00% | 488,221 | $24,411,050 | $25,431,432 | +$1,020,382 | +4.18% | |
| Morgan Stanley | 0.00% | 308,775 | $15,438,806 | $16,084,090 | +$645,284 | +4.18% | |
| Northern Trust Corp | 0.00% | 301,802 | $15,090,100 | $15,720,866 | +$630,766 | +4.18% | |
| Hotchkis & Wiley Capital Management Llc | 0.04% | 298,438 | $14,921,900 | $15,545,635 | +$623,735 | +4.18% | |
| Banc Funds Co Llc | 2.35% | 285,062 | $14,253,100 | $14,848,880 | +$595,780 | +4.18% | |
| Basswood Capital Management, L.L.C. | 0.59% | 273,747 | $13,687,350 | $14,259,481 | +$572,131 | +4.18% | |
| Charles Schwab Investment Management Inc | 0.00% | 252,548 | $12,627,400 | $13,155,225 | +$527,825 | +4.18% | |
| Invesco Ltd. | 0.00% | 240,395 | $12,019,725 | $12,522,176 | +$502,451 | +4.18% | |
| Bank Of New York Mellon Corp | 0.00% | 234,378 | $11,718,890 | $12,208,750 | +$489,860 | +4.18% | |
| Royal Bank Of Canada | 0.00% | 220,641 | $11,032,000 | $11,493,190 | +$461,190 | +4.18% | |
| Valeo Financial Advisors, Llc | 0.23% | 222,274 | $10,882,520 | $11,578,253 | +$695,733 | +6.39% | |
| Vanguard Fiduciary Trust Co | 0.00% | 190,624 | $9,531,200 | $9,929,604 | +$398,404 | +4.18% | |
| Denali Advisors Llc | 0.88% | 174,576 | $8,728,800 | $9,093,664 | +$364,864 | +4.18% | |
| Ballast Asset Management, Lp | 2.70% | 135,270 | $6,763,500 | $7,046,214 | +$282,714 | +4.18% | |
| Wasatch Advisors Lp | 0.05% | 127,174 | $6,226,439 | $6,624,494 | +$398,055 | +6.39% | |
| Bank Of America Corp | 0.00% | 121,142 | $6,057,100 | $6,310,287 | +$253,187 | +4.18% | |
| Principal Financial Group Inc | 0.00% | 121,301 | $5,938,897 | $6,318,569 | +$379,672 | +6.39% | |
| Russell Investments Group, Ltd. | 0.00% | 112,021 | $5,601,025 | $5,835,174 | +$234,149 | +4.18% | |
| Deutsche Bank Ag\ | 0.00% | 105,673 | $5,283,650 | $5,504,507 | +$220,857 | +4.18% | |
| First Trust Advisors Lp | 0.00% | 100,916 | $5,045,800 | $5,256,714 | +$210,914 | +4.18% | |
| Public Sector Pension Investment Board | 0.01% | 100,763 | $5,038,150 | $5,248,745 | +$210,595 | +4.18% | |
| Goldman Sachs Group Inc | 0.00% | 71,239 | $3,561,959 | $3,710,840 | +$148,881 | +4.18% | |
| Ameriprise Financial Inc | 0.00% | 70,459 | $3,523,002 | $3,670,209 | +$147,207 | +4.18% | |
| Rhumbline Advisers | 0.00% | 66,756 | $3,337,800 | $3,477,320 | +$139,520 | +4.18% | |
| Xtx Topco Ltd | 0.04% | 64,985 | $3,249,250 | $3,385,069 | +$135,819 | +4.18% | |
| Legal & General Group Plc | 0.00% | 64,385 | $3,219,250 | $3,353,815 | +$134,565 | +4.18% | |
| Ubs Group Ag | 0.00% | 61,772 | $3,088,600 | $3,217,703 | +$129,103 | +4.18% | |
| Sapient Capital Llc | 0.04% | 60,521 | $2,963,108 | $3,152,539 | +$189,431 | +6.39% | |
| New York State Common Retirement Fund | 0.00% | 58,134 | $2,906,700 | $3,028,200 | +$121,500 | +4.18% | |
| Sei Investments Co | 0.00% | 54,722 | $2,736,100 | $2,850,469 | +$114,369 | +4.18% | |
| State Board Of Administration Of Florida Retirement System | 0.00% | 54,235 | $2,711,750 | $2,825,101 | +$113,351 | +4.18% | |
| Nuveen, Llc | 0.00% | 50,975 | $2,548,750 | $2,655,288 | +$106,538 | +4.18% | |
| Quantinno Capital Management Lp | 0.00% | 50,163 | $2,508,150 | $2,612,991 | +$104,841 | +4.18% | |
| Citigroup Inc | 0.00% | 42,361 | $2,118,050 | $2,206,584 | +$88,534 | +4.18% | |
| Swiss National Bank | 0.00% | 41,500 | $2,075,000 | $2,161,735 | +$86,735 | +4.18% | |
| Aqr Capital Management Llc | 0.00% | 40,280 | $2,013,989 | $2,098,185 | +$84,196 | +4.18% | |
| Raymond James Financial Inc | 0.00% | 38,503 | $1,925,109 | $2,005,621 | +$80,512 | +4.18% | |
| Two Sigma Investments, Lp | 0.00% | 34,621 | $1,731,050 | $1,803,408 | +$72,358 | +4.18% | |
| Lpl Financial Llc | 0.00% | 33,978 | $1,698,900 | $1,769,914 | +$71,014 | +4.18% | |
| Price T Rowe Associates Inc | 0.00% | 33,798 | $1,690,000 | $1,760,538 | +$70,538 | +4.17% |
Frequently asked questions about MBIN
Who are the largest institutional holders of MBIN?
The largest institutional holders of MBIN reported in the latest SEC Form 13F filings include Elser Financial Planning, Inc, Blackrock, Inc., Dimensional Fund Advisors Lp, State Street Corp, and Nomura Asset Management International Inc.. InsiderSet ranks institutional holders by their latest reported MBIN position.
What is MBIN institutional ownership?
This page tracks MBIN positions reported by institutional investment managers through SEC Form 13F. MERCHANTS BANCORP/IN (MBIN) institutional ownership on InsiderSet reflects disclosed 13F holdings among the managers we analyze, not every shareholder of the stock.
How many institutions own MBIN?
InsiderSet currently tracks 185 institutional managers reporting MBIN holdings in the latest available 13F data. This count reflects institutions included in the SEC Form 13F filings analyzed by InsiderSet and should not be interpreted as the total number of MBIN shareholders.
How much MBIN stock do institutions own?
Institutional investment managers disclosed approximately $2.23B in MBIN holdings for Q3 2026. This figure is reported 13F value as of the filing period, not necessarily today's market value.
When was MBIN institutional ownership last updated?
The latest MBIN institutional ownership data on InsiderSet is based on SEC Form 13F filings for the quarter ended September 30, 2026. Form 13F filings are generally reported after the quarter ends, so the holdings shown represent the latest publicly disclosed positions rather than real-time institutional holdings.
Are institutional MBIN holdings real-time?
No. Form 13F data is not real-time. It represents positions reported by institutional investment managers as of the end of the reporting quarter. An institution may have changed its MBIN position after the reporting date.
Are institutions buying or selling MBIN?
Institutional buying and selling can be analyzed by comparing MBIN positions across consecutive 13F reporting periods. InsiderSet's MBIN Ownership Changes page shows institutions that increased, reduced, initiated, or exited positions based on reported 13F holdings. View MBIN ownership changes.
How has MBIN institutional ownership changed over time?
InsiderSet tracks MBIN institutional holdings across multiple 13F reporting periods, allowing investors to compare institutional holder counts, reported value, and reported shares over time.