Merchants Bancorp Ind (MBIN) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Merchants Bancorp Ind (MBIN) following the 2026 Q2 hedge fund 13F filings?

As of today, MBIN has moved -1.4% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.2% for the XLF sector ETF — an outperformance of -0.2%. Since the quarter end (June 30, 2026), MBIN gained +8.3% vs +7.2% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Merchants Bancorp Ind (MBIN)

182 + Investors. Track Smart Money conviction in MBIN. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — MBIN

Based on 175 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added MBIN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

175 hedge funds hold MBIN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +10% more funds vs a year ago

fund count last 6Q

+16 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 60% buying

106 buying71 selling

Last quarter: 106 funds were net buyers (51 opened a brand new position + 55 added to an existing one). Only 71 were sellers (47 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+36 vs last Q)

new funds entering per quarter

Funds opening a new MBIN position: 21 → 19 → 15 → 51. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 20% medium ■ 28% new

91 out of 175 hedge funds have held MBIN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💰

Value +259% but shares only +182% — price-driven

Value

+258%

+182%

Last quarter: the total dollar value of institutional holdings rose +259%, but actual share count only changed +182%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

🚀

Acceleration phase — new buyers rushing in

22 → 21 → 19 → 15 → 51 new funds/Q

New funds entering each quarter: 21 → 19 → 15 → 51. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

🏛️

Veteran-anchored — 56% veterans vs 31% newcomers

■ 56% veterans ■ 12% 1-2yr ■ 31% new

Entry-cohort mix of 177 holders: 100 (56%) are 2+ year veterans, 22 entered 1–2 years ago, and 55 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds

40 of 174 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.8

out of 10

Low Exit Risk

Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	182	176	3.41%
13F Shares	45M	46M	-0.8%
Total Value	$2.25B	$1.97B	14.4%
New Positions	30	51	-21
Increased Positions	55	54	+1
Closed Positions	21	23	-2
Reduced Positions	60	47	+13
Total Calls	3	2	50.0%
Total Puts	2	1	100.0%
PUT/CALL Ratio	0.67	0.5	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

182

176

3.41%

13F Shares

45M

46M

-0.8%

Total Value

$2.25B

$1.97B

14.4%

New Positions

-21

Increased Positions

Closed Positions

-2

Reduced Positions

+13

Total Calls

50.0%

Total Puts

100.0%

PUT/CALL Ratio

0.67

0.5

Bullish

Institutional Holders (2026 Q2)

182 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MBIN. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 MBIN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Elser Financial Planning, Inc	58.12%	26,808,625	$1.34B
2	Doma Perpetual Capital Management LLC	9.40%	810,082	$40.5M
3	Ballast Asset Management, LP	2.70%	135,270	$6.8M
4	Banc Funds Co LLC	2.35%	285,062	$14.3M
5	Denali Advisors LLC	0.88%	174,576	$8.7M
6	Basswood Capital Management, L.L.C.	0.54%	273,747	$13.7M
7	Aldebaran Capital, LLC	0.38%	10,125	$506K
8	Curry Webb Wealth Management LLC	0.29%	14,118	$706K
9	Pacific Ridge Capital Partners, LLC	0.26%	28,425	$1.4M
10	Valeo Financial Advisors, LLC	0.24%	226,998	$11.3M
11	Formidable Asset Management, LLC	0.23%	33,200	$1.4M
12	Royce & Associates LP	0.21%	527,047	$26.4M
13	Twelve Points Wealth Management LLC	0.21%	20,466	$1.0M
14	James Investment Research, INC.	0.12%	23,770	$1.2M
15	Fairfield, Bush & CO.	0.11%	4,650	$232K
16	BCGM Wealth Management, LLC	0.11%	10,097	$505K
17	LJI Wealth Management, LLC	0.11%	15,000	$750K
18	Peloton Wealth Strategists	0.10%	5,333	$267K
19	Nomura Asset Management International INC.	0.08%	1,044,992	$52.2M
20	Verdence Capital Advisors LLC	0.07%	25,019	$1.3M
21	Wellington Grp LLC	0.06%	4,687	$201K
22	NBH Bank	0.05%	2,257	$113K
23	Hotchkis & Wiley Capital Management LLC	0.04%	298,438	$14.9M
24	XTX Topco Ltd	0.04%	64,985	$3.2M
25	Sapient Capital LLC	0.04%	60,521	$3.0M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Merchants Bancorp Ind (MBIN)

What does the Smart Money Trend signal show for MBIN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added MBIN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for MBIN?

More buyers than sellers — 60% buying: Last quarter: 106 funds were net buyers (51 opened a brand new position + 55 added to an existing one). Only 71 were sellers (47 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for MBIN holders?

Strong quality — 24% AUM from major funds: 40 of 174 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held MBIN?

52% of holders stayed for 2+ years: 91 out of 175 hedge funds have held MBIN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Merchants Bancorp Ind (MBIN) following the 2026 Q2 hedge fund 13F filings?

As of today, MBIN has moved -1.4% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.2% for the XLF sector ETF — an outperformance of -0.2%. Since the quarter end (June 30, 2026), MBIN has gained +8.3% vs +7.2% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Merchants Bancorp Ind (MBIN)

Smart Money Signals — MBIN

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Steady growth — +10% more funds vs a year ago

More buyers than sellers — 60% buying

More new buyers each quarter (+36 vs last Q)

52% of holders stayed for 2+ years

Value +259% but shares only +182% — price-driven

Acceleration phase — new buyers rushing in

Veteran-anchored — 56% veterans vs 31% newcomers

Strong quality — 24% AUM from major funds

Institutional Sentiment Summary — MBIN

Hedge Fund Ownership: MBIN

Market Analysis: MBIN

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: MBIN

Is It Too Late to Buy Merchants Bancorp Ind (MBIN) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: MBIN

Statistics: MBIN

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Merchants Bancorp Ind (MBIN)

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