Merchants Bancorp
US ˙ NasdaqCM ˙ US58844R1086

SecurityMBIN / Merchants Bancorp
InstitutionFmr Llc
Latest Disclosed Ownership4,732 shares
Latest Disclosed Value $ 203,050
Fmr Llc reports 90.55% decrease in ownership of MBIN / Merchants Bancorp

On May 15, 2026 - Fmr Llc filed a 13F-HR form disclosing ownership of 4,732 shares of Merchants Bancorp (US:MBIN) valued at $203,050 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 50,055 shares of Merchants Bancorp. This represents a change in shares of -90.55% during the quarter. The current value of the position is $215,590 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F MERCHANTS BANCORP IND COM 58844R108 4,732 -45,323 -90.55 203 -88.09 0.0000
2026-02-17 2025-12-31 13F MERCHANTS BANCORP IND COM 58844R108 50,055 11,740 30.64 1,705 39.90 0.0001
2025-11-13 2025-09-30 13F MERCHANTS BANCORP IND COM 58844R108 38,315 4,915 14.72 1,218 10.33 0.0001
2025-08-14 2025-06-30 13F MERCHANTS BANCORP IND COM 58844R108 33,400 722 2.21 1,105 -8.68 0.0001
2025-05-12 2025-03-31 13F MERCHANTS BANCORP IND COM 58844R108 32,678 31,384 2,425.35 1,209 2,472.34 0.0001
2025-02-13 2024-12-31 13F MERCHANTS BANCORP IND COM 58844R108 1,294 -2,663 -67.30 47 -73.45 0.0000
2024-11-13 2024-09-30 13F MERCHANTS BANCORP IND COM 58844R108 3,957 2,699 214.55 178 247.06 0.0000
2024-08-13 2024-06-30 13F MERCHANTS BANCORP IND COM 58844R108 1,258 -81 -6.05 51 -10.53 0.0000
2024-05-13 2024-03-31 13F MERCHANTS BANCORP IND COM 58844R108 1,339 117 9.57 58 9.62 0.0000
2024-02-13 2023-12-31 13F MERCHANTS BANCORP IND COM 58844R108 1,222 2 0.16 52 57.58 0.0000
2023-11-13 2023-09-30 13F MERCHANTS BANCORP IND COM 58844R108 1,220 2 0.16 34 6.45 0.0000
2023-08-11 2023-06-30 13F MERCHANTS BANCORP IND COM 58844R108 1,218 -289 -19.18 31 -20.51 0.0000
2023-08-11 2023-03-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 1,507 456 43.39 39 56.00 0.0000
2023-05-11 2023-03-31 13F MERCHANTS BANCORP IND COM 58844R108 1,507 456 39 0.0000
2023-02-13 2022-12-31 13F MERCHANTS BANCORP IND COM 58844R108 1,051 25 2.44 26 4.17 0.0000
2022-11-10 2022-09-30 13F MERCHANTS BANCORP IND COM 58844R108 1,026 96 10.32 24 14.29 0.0000
2022-08-12 2022-06-30 13F MERCHANTS BANCORP IND COM 58844R108 930 234 33.62 21 10.53 0.0000
2022-05-13 2022-03-31 13F MERCHANTS BANCORP IND COM 58844R108 696 696 19 0.0000
2022-02-14 2021-09-30 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 0 -272,546 -100.00 0 -100.00
2021-11-15 2021-09-30 13F MERCHANTS BANCORP IND COM 58844R108 0 -272,546 0
2021-08-13 2021-06-30 13F MERCHANTS BANCORP IND COM 58844R108 272,546 -4,874 -1.76 10,695 -8.08 0.0008
2021-05-14 2021-03-31 13F MERCHANTS BANCORP IND COM 58844R108 277,420 97,590 54.27 11,635 134.15 0.0010
2021-02-08 2020-12-31 13F MERCHANTS BANCORP IND COM 58844R108 179,830 179,830 4,969 0.0004
2019-11-13 2019-09-30 13F MERCHANTS BANCORP IND COM 58844R108 0 -11,301 -100.00 0 -100.00
2019-08-13 2019-06-30 13F MERCHANTS BANCORP IND COM 58844R108 11,301 -5,099 -31.09 192 -45.61 0.0000
2019-05-13 2019-03-31 13F MERCHANTS BANCORP IND COM 58844R108 16,400 0 0.00 353 7.95 0.0000
2019-02-13 2018-12-31 13F MERCHANTS BANCORP IND COM 58844R108 16,400 -1 -0.01 327 -21.58 0.0000
2018-11-09 2018-09-30 13F MERCHANTS BANCORP IND COM 58844R108 16,401 16,401 417 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.