$MBIN

$49.72 +$0.15 (0.3%) Close

$MBIN Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 45.9M shares outstanding

Who owns MBIN?

By type of holder

Institutions 98.3% Insiders 1.7% Everyone else 0.0%

Concentration Top 10 holders own 119.3%

Elser Financial Planning, Inc 58.4% · Petrie Michael F. 29.4%

Institutional ownership

98.3%

-0.7 pts vs last qtr

Institutional holders

188

+10 vs last qtr

Net shares bought

−340.8K

by institutions in Q2 2026

New / sold out

29 / 19

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

American Century Companies Inc +94.4K
Invesco Ltd. +85.3K

Biggest sellers in Q2 2026

Doma Perpetual Capital Management LLC −305.5K
Elser Financial Planning, Inc −174.5K

Who is planning to sell?

Notices of proposed sale, last 12 months

$7.53M

9 notices from 2 people

Shares covered

225.1K

0.49% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Petrie Michael F. Officer $5.94M
Petrie Jody J. Director $1.59M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2019–FY2025

+6.5%

+1.06% a year

Each share's claim on the business

−6.1%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$3.94M vs —

over 7 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years31% 3–5 years1% 1–3 years3% Under 1 year65%

Quarterly turnover

2.1%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting MBIN on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
EF Elser Financial Planning, Inc	26.8M	58.36%	−174.5K (−0.6%)	Q1 '26	58.1%
Shares held by quarter Peak holding27.3M (Q4'24) Change over 8 quarters+26.8M Share of the company58.360% Elser Financial Planning, Inc's full portfolio →
B BlackRock, Inc.	4.1M	8.94%	+54.3K (+1.3%)	≤2021	0.0%
Shares held by quarter Peak holding4.1M (Q2'26) Change over 8 quarters+2.6M Share of the company8.940% BlackRock, Inc.'s full portfolio →

Elser Financial Planning, Inc

26.8M

% of company

58.36%

Change vs last qtr

−174.5K (−0.6%)

Held since

Q1 '26

BlackRock, Inc.

4.1M

% of company

8.94%

Change vs last qtr

+54.3K (+1.3%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Merchants Bancorp, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting MBIN on Form N-PORT; together they hold 23.0% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$88.6M	1.8M	3.86%	0.08%	June 30, 2026
IR iShares Russell 2000 ETF iShares Trust	$33.7M	673.4K	1.47%	0.04%	June 30, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$88.6M

% of company

3.86%

% of the fund

0.08%

As of

June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$33.7M

% of company

1.47%

% of the fund

0.04%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Merchants Bancorp and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
PM Petrie Michael F. Insider	13.5M	29.41%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company29.410% Petrie Michael F.'s insider activity →
RR Rogers Randall D. Jr. Insider	3.8M	8.22%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company8.220% Rogers Randall D. Jr.'s insider activity →

Petrie Michael F.

Insider

13.5M

% of company

29.41%

Change vs last qtr

—

Held since

—

Rogers Randall D. Jr.

Insider

3.8M

% of company

8.22%

Change vs last qtr

—

Held since

—

19 more holders behind a free account

See every insider and 5%+ holder of Merchants Bancorp.

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