CUSIP 58844R108
MERCHANTS BANCORP IND
171 institutions · $545.9M total · 16,298,116 shares · MBINN
| # | Manager | Shares | Value | % of Total | Period |
|---|---|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 1,562,056 | $53.2M | 9.58% | 2025-12-31 |
| 2 | VANGUARD GROUP INC | 1,200,033 | $40.9M | 7.36% | 2025-12-31 |
| 3 | Doma Perpetual Capital Management LLC | 1,115,594 | $38.0M | 6.84% | 2025-12-31 |
| 4 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1,110,383 | $37.8M | 6.81% | 2025-12-31 |
| 5 | BlackRock, Inc. | 958,632 | $32.7M | 5.88% | 2025-12-31 |
| 6 | MACQUARIE GROUP LTD | 897,066 | $28.5M | 5.50% | 2025-09-30 |
| 7 | ROYCE & ASSOCIATES LP | 808,314 | $27.5M | 4.95% | 2025-12-31 |
| 8 | AMERICAN CENTURY COMPANIES INC | 675,517 | $23.0M | 4.14% | 2025-12-31 |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 621,130 | $21.2M | 3.81% | 2025-12-31 |
| 10 | STATE STREET CORP | 574,086 | $19.6M | 3.52% | 2025-12-31 |
| 11 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 391,068 | $13.3M | 2.39% | 2025-12-31 |
| 12 | FJ Capital Management LLC | 297,156 | $9.4M | 1.82% | 2025-09-30 |
| 13 | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 273,747 | $9.3M | 1.67% | 2025-12-31 |
| 14 | NORTHERN TRUST CORP | 248,955 | $8.5M | 1.52% | 2025-12-31 |
| 15 | BANC FUNDS CO LLC | 244,462 | $8.3M | 1.49% | 2025-12-31 |
| 16 | Valeo Financial Advisors, LLC | 244,108 | $8.3M | 1.49% | 2025-12-31 |
| 17 | DENALI ADVISORS LLC | 237,614 | $8.1M | 1.45% | 2025-12-31 |
| 18 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 234,637 | $8.0M | 1.43% | 2025-12-31 |
| 19 | Royal Bank of Canada | 205,257 | $7.0M | 1.25% | 2025-12-31 |
| 20 | D. E. Shaw & Co., Inc. | 180,308 | $6.1M | 1.10% | 2025-12-31 |
| 21 | PL Capital Advisors, LLC | 188,294 | $6.0M | 1.15% | 2025-09-30 |
| 22 | MORGAN STANLEY | 159,319 | $5.4M | 0.97% | 2025-12-31 |
| 23 | FIRST TRUST ADVISORS LP | 141,145 | $4.8M | 0.86% | 2025-12-31 |
| 24 | Qube Research & Technologies Ltd | 139,256 | $4.7M | 0.85% | 2025-12-31 |
| 25 | Ballast Asset Management, LP | 133,296 | $4.5M | 0.81% | 2025-12-31 |
| 26 | MARSHALL WACE, LLP | 131,314 | $4.5M | 0.80% | 2025-12-31 |
| 27 | MILLENNIUM MANAGEMENT LLC | 128,011 | $4.4M | 0.78% | 2025-12-31 |
| 28 | JACOBS LEVY EQUITY MANAGEMENT, INC | 134,928 | $4.3M | 0.82% | 2025-09-30 |
| 29 | Bank of New York Mellon Corp | 117,655 | $4.0M | 0.72% | 2025-12-31 |
| 30 | GOLDMAN SACHS GROUP INC | 105,287 | $3.6M | 0.64% | 2025-12-31 |
| 31 | Russell Investments Group, Ltd. | 83,711 | $2.9M | 0.51% | 2025-12-31 |
| 32 | JPMORGAN CHASE & CO | 82,916 | $2.8M | 0.50% | 2025-12-31 |
| 33 | Black Maple Capital Management LP | 82,092 | $2.8M | 0.50% | 2025-12-31 |
| 34 | TWO SIGMA INVESTMENTS, LP | 80,276 | $2.7M | 0.49% | 2025-12-31 |
| 35 | UBS Group AG | 75,032 | $2.6M | 0.46% | 2025-12-31 |
| 36 | SAPIENT CAPITAL LLC | 75,521 | $2.6M | 0.46% | 2025-12-31 |
| 37 | NEW YORK STATE COMMON RETIREMENT FUND | 71,034 | $2.4M | 0.43% | 2025-12-31 |
| 38 | Trexquant Investment LP | 67,660 | $2.3M | 0.41% | 2025-12-31 |
| 39 | Y-Intercept (Hong Kong) Ltd | 66,816 | $2.3M | 0.40% | 2025-12-31 |
| 40 | RAYMOND JAMES FINANCIAL INC | 65,289 | $2.2M | 0.40% | 2025-12-31 |
| 41 | BANK OF AMERICA CORP /DE/ | 67,446 | $2.1M | 0.41% | 2025-12-31 |
| 42 | JANE STREET GROUP, LLC | 61,351 | $2.0M | 0.37% | 2025-09-30 |
| 43 | DARK FOREST CAPITAL MANAGEMENT LP | 57,154 | $1.9M | 0.35% | 2025-12-31 |
| 44 | Walleye Capital LLC | 60,835 | $1.9M | 0.37% | 2025-09-30 |
| 45 | MACKENZIE FINANCIAL CORP | 57,324 | $1.9M | 0.35% | 2025-12-31 |
| 46 | SEI INVESTMENTS CO | 55,924 | $1.9M | 0.34% | 2025-12-31 |
| 47 | Man Group plc | 55,832 | $1.9M | 0.34% | 2025-12-31 |
| 48 | Brandywine Global Investment Management, LLC | 53,926 | $1.8M | 0.33% | 2025-12-31 |
| 49 | FMR LLC | 49,878 | $1.7M | 0.30% | 2025-12-31 |
| 50 | ExodusPoint Capital Management, LP | 53,323 | $1.7M | 0.32% | 2025-09-30 |
| 51 | DEUTSCHE BANK AG\ | 49,505 | $1.7M | 0.30% | 2025-12-31 |
| 52 | Nuveen, LLC | 46,247 | $1.6M | 0.28% | 2025-12-31 |
| 53 | BARCLAYS PLC | 47,628 | $1.6M | 0.29% | 2025-12-31 |
| 54 | RENAISSANCE TECHNOLOGIES LLC | 45,300 | $1.5M | 0.27% | 2025-12-31 |
| 55 | AMERIPRISE FINANCIAL INC | 43,975 | $1.5M | 0.26% | 2025-12-31 |
| 56 | AQR CAPITAL MANAGEMENT LLC | 41,004 | $1.4M | 0.25% | 2025-12-31 |
| 57 | Swiss National Bank | 40,700 | $1.4M | 0.24% | 2025-12-31 |
| 58 | LPL Financial LLC | 36,792 | $1.3M | 0.22% | 2025-12-31 |
| 59 | AlphaQuest LLC | 35,063 | $1.2M | 0.21% | 2025-12-31 |
| 60 | TWO SIGMA ADVISERS, LP | 37,200 | $1.2M | 0.22% | 2025-09-30 |
| 61 | Quantinno Capital Management LP | 34,122 | $1.2M | 0.20% | 2025-12-31 |
| 62 | EJF Capital LLC | 36,297 | $1.2M | 0.22% | 2025-09-30 |
| 63 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 33,700 | $1.1M | 0.20% | 2025-12-31 |
| 64 | RHUMBLINE ADVISERS | 33,321 | $1.1M | 0.20% | 2025-12-31 |
| 65 | Formidable Asset Management, LLC | 34,400 | $1.1M | 0.21% | 2025-12-31 |
| 66 | UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 31,380 | $1.1M | 0.19% | 2025-12-31 |
| 67 | WELLS FARGO & COMPANY/MN | 29,089 | $990.8K | 0.17% | 2025-12-31 |
| 68 | ALLIANCEBERNSTEIN L.P. | 27,530 | $937.7K | 0.16% | 2025-12-31 |
| 69 | BNP PARIBAS FINANCIAL MARKETS | 27,395 | $933.1K | 0.16% | 2025-12-31 |
| 70 | Invesco Ltd. | 27,088 | $922.6K | 0.16% | 2025-12-31 |
| 71 | Twelve Points Wealth Management LLC | 24,035 | $862.1K | 0.14% | 2025-12-31 |
| 72 | CITADEL ADVISORS LLC | 25,225 | $859.2K | 0.15% | 2025-12-31 |
| 73 | JAMES INVESTMENT RESEARCH, INC. | 23,770 | $809.6K | 0.14% | 2025-12-31 |
| 74 | Pacific Ridge Capital Partners, LLC | 21,936 | $747.1K | 0.13% | 2025-12-31 |
| 75 | XTX Topco Ltd | 20,846 | $710.0K | 0.12% | 2025-12-31 |
| 76 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 19,342 | $658.8K | 0.11% | 2025-12-31 |
| 77 | STRS OHIO | 18,700 | $636.9K | 0.11% | 2025-12-31 |
| 78 | Inspire Investing, LLC | 18,536 | $631.3K | 0.11% | 2025-12-31 |
| 79 | FRANKLIN RESOURCES INC | 17,340 | $590.6K | 0.10% | 2025-12-31 |
| 80 | Verition Fund Management LLC | 16,600 | $565.4K | 0.10% | 2025-12-31 |
| 81 | Legal & General Group Plc | 16,498 | $561.9K | 0.10% | 2025-12-31 |
| 82 | STIFEL FINANCIAL CORP | 16,221 | $552.5K | 0.09% | 2025-12-31 |
| 83 | MetLife Investment Management, LLC | 15,574 | $530.5K | 0.09% | 2025-12-31 |
| 84 | BCGM Wealth Management, LLC | 15,477 | $527.2K | 0.09% | 2025-12-31 |
| 85 | Boston Partners | 16,278 | $517.6K | 0.09% | 2025-09-30 |
| 86 | Semanteon Capital Management, LP | 16,129 | $512.9K | 0.09% | 2025-09-30 |
| 87 | MIRABELLA FINANCIAL SERVICES LLP | 15,003 | $511.0K | 0.09% | 2025-12-31 |
| 88 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 14,810 | $504.4K | 0.09% | 2025-12-31 |
| 89 | Impact Partnership Wealth, LLC | 14,519 | $494.5K | 0.08% | 2025-12-31 |
| 90 | Balyasny Asset Management L.P. | 14,332 | $488.1K | 0.08% | 2025-12-31 |
| 91 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 14,994 | $476.8K | 0.09% | 2025-09-30 |
| 92 | FEDERATED HERMES, INC. | 13,720 | $467.3K | 0.08% | 2025-12-31 |
| 93 | VICTORY CAPITAL MANAGEMENT INC | 13,675 | $434.9K | 0.08% | 2025-09-30 |
| 94 | Jump Financial, LLC | 12,700 | $432.6K | 0.07% | 2025-12-31 |
| 95 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 12,024 | $409.5K | 0.07% | 2025-12-31 |
| 96 | COMMONWEALTH EQUITY SERVICES, LLC | 11,942 | $406.7K | 0.07% | 2025-12-31 |
| 97 | Squarepoint Ops LLC | 11,927 | $406.2K | 0.07% | 2025-12-31 |
| 98 | OXFORD FINANCIAL GROUP, LTD. LLC | 11,137 | $379.3K | 0.06% | 2025-12-31 |
| 99 | Aldebaran Capital, LLC | 10,125 | $344.9K | 0.06% | 2025-12-31 |
| 100 | PNC Financial Services Group, Inc. | 9,866 | $336.0K | 0.06% | 2025-12-31 |
| 101 | INTECH INVESTMENT MANAGEMENT LLC | 9,418 | $320.8K | 0.05% | 2025-12-31 |
| 102 | Keebeck Wealth Management | 10,000 | $319.0K | 0.06% | 2025-09-30 |
| 103 | HFG Advisors, Inc. | 9,267 | $315.6K | 0.05% | 2025-12-31 |
| 104 | VIRTUS ADVISERS, LLC | 8,350 | $308.9K | 0.05% | 2025-12-31 |
| 105 | Yorktown Management & Research Co Inc | 8,800 | $279.8K | 0.05% | 2025-09-30 |
| 106 | Inspire Advisors, LLC | 7,692 | $262.0K | 0.04% | 2025-12-31 |
| 107 | Cetera Investment Advisers | 7,597 | $258.8K | 0.04% | 2025-12-31 |
| 108 | Meeder Advisory Services, Inc. | 7,500 | $255.4K | 0.04% | 2025-12-31 |
| 109 | Numerai GP LLC | 7,464 | $254.2K | 0.04% | 2025-12-31 |
| 110 | Advisory Services Network, LLC | 7,222 | $246.0K | 0.04% | 2025-12-31 |
| 111 | Police & Firemen's Retirement System of New Jersey | 7,177 | $244.4K | 0.04% | 2025-12-31 |
| 112 | JANUS HENDERSON GROUP PLC | 7,076 | $241.2K | 0.04% | 2025-12-31 |
| 113 | Brevan Howard Capital Management LP | 7,056 | $224.4K | 0.04% | 2025-09-30 |
| 114 | Engineers Gate Manager LP | 6,372 | $202.6K | 0.03% | 2025-09-30 |
| 115 | CAXTON ASSOCIATES LLP | 5,908 | $201.2K | 0.03% | 2025-12-31 |
| 116 | Zurcher Kantonalbank (Zurich Cantonalbank) | 4,755 | $162.0K | 0.02% | 2025-12-31 |
| 117 | KLP KAPITALFORVALTNING AS | 4,450 | $151.9K | 0.02% | 2025-12-31 |
| 118 | OSAIC HOLDINGS, INC. | 4,146 | $141.2K | 0.02% | 2025-12-31 |
| 119 | Quantbot Technologies LP | 3,871 | $131.8K | 0.02% | 2025-12-31 |
| 120 | Tower Research Capital LLC (TRC) | 2,714 | $92.4K | 0.01% | 2025-12-31 |
| 121 | Catalyst Capital Advisors LLC | 2,450 | $77.9K | 0.01% | 2025-09-30 |
| 122 | Bank of Jackson Hole Trust | 2,257 | $76.9K | 0.01% | 2025-12-31 |
| 123 | Ameritas Investment Partners, Inc. | 2,167 | $73.8K | 0.01% | 2025-12-31 |
| 124 | CITIGROUP INC | 1,554 | $52.9K | 0.00% | 2025-12-31 |
| 125 | Sterling Capital Management LLC | 1,500 | $51.1K | 0.00% | 2025-12-31 |
| 126 | Aquatic Capital Management LLC | 1,004 | $34.2K | 0.00% | 2025-12-31 |
| 127 | THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. | 1,000 | $34.1K | 0.00% | 2025-12-31 |
| 128 | Versant Capital Management, Inc | 460 | $15.7K | 0.00% | 2025-12-31 |
| 129 | Rockefeller Capital Management L.P. | 450 | $15.3K | 0.00% | 2025-12-31 |
| 130 | EverSource Wealth Advisors, LLC | 388 | $13.2K | 0.00% | 2025-12-31 |
| 131 | Arax Advisory Partners | 370 | $12.6K | 0.00% | 2025-12-31 |
| 132 | SIMPLEX TRADING, LLC | 342 | $11.6K | 0.00% | 2025-12-31 |
| 133 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 440 | $10.8K | 0.00% | 2025-12-31 |
| 134 | NISA INVESTMENT ADVISORS, LLC | 238 | $8.1K | 0.00% | 2025-12-31 |
| 135 | Optiver Holding B.V. | 198 | $6.7K | 0.00% | 2025-12-31 |
| 136 | Caitong International Asset Management Co., Ltd | 210 | $6.7K | 0.00% | 2025-09-30 |
| 137 | GAMMA Investing LLC | 182 | $6.2K | 0.00% | 2025-12-31 |
| 138 | QUADRANT CAPITAL GROUP LLC | 171 | $5.8K | 0.00% | 2025-12-31 |
| 139 | Larson Financial Group LLC | 165 | $5.6K | 0.00% | 2025-12-31 |
| 140 | Allworth Financial LP | 124 | $4.2K | 0.00% | 2025-12-31 |
| 141 | Steward Partners Investment Advisory, LLC | 115 | $3.9K | 0.00% | 2025-12-31 |
| 142 | NATIONAL BANK OF CANADA /FI/ | 107 | $3.4K | 0.00% | 2025-09-30 |
| 143 | LOS ANGELES CAPITAL MANAGEMENT LLC | 103 | $3.2K | 0.00% | 2025-12-31 |
| 144 | IFP Advisors, Inc | 61 | $3.1K | 0.00% | 2025-12-31 |
| 145 | ROTHSCHILD INVESTMENT LLC | 72 | $2.5K | 0.00% | 2025-12-31 |
| 146 | US BANCORP \DE\ | 67 | $2.3K | 0.00% | 2025-12-31 |
| 147 | COMERICA BANK | 61 | $2.1K | 0.00% | 2025-12-31 |
| 148 | HRT FINANCIAL LP | 59,224 | $2.0K | 0.36% | 2025-12-31 |
| 149 | SIGNATUREFD, LLC | 55 | $1.9K | 0.00% | 2025-12-31 |
| 150 | Torren Management, LLC | 38 | $1.3K | 0.00% | 2025-12-31 |
| 151 | True Wealth Design, LLC | 37 | $1.3K | 0.00% | 2025-12-31 |
| 152 | ALGERT GLOBAL LLC | 29,303 | $932 | 0.17% | 2025-09-30 |
| 153 | PRICE T ROWE ASSOCIATES INC /MD/ | 24,014 | $818 | 0.14% | 2025-12-31 |
| 154 | Parkside Financial Bank & Trust | 20 | $682 | 0.00% | 2025-12-31 |
| 155 | Parallel Advisors, LLC | 20 | $681 | 0.00% | 2025-12-31 |
| 156 | MAI Capital Management | 15 | $511 | 0.00% | 2025-12-31 |
| 157 | SG Americas Securities, LLC | 8,331 | $284 | 0.05% | 2025-12-31 |
| 158 | HARBOR CAPITAL ADVISORS, INC. | 7,846 | $267 | 0.04% | 2025-12-31 |
| 159 | Peloton Wealth Strategists | 5,985 | $204 | 0.03% | 2025-12-31 |
| 160 | Farther Finance Advisors, LLC | 5 | $170 | 0.00% | 2025-12-31 |
| 161 | Sunbelt Securities, Inc. | 4 | $136 | 0.00% | 2025-12-31 |
| 162 | CANADA LIFE ASSURANCE Co | 2,191 | $75 | 0.01% | 2025-12-31 |
| 163 | NewEdge Advisors, LLC | 2 | $69 | 0.00% | 2025-12-31 |
| 164 | State of Alaska, Department of Revenue | 1,967 | $66 | 0.01% | 2025-12-31 |
| 165 | CWM, LLC | 1,797 | $61 | 0.01% | 2025-12-31 |
| 166 | SBI Securities Co., Ltd. | 1 | $34 | 0.00% | 2025-12-31 |
| 167 | Keating Financial Advisory Services, Inc. | 1 | $34 | 0.00% | 2025-12-31 |
| 168 | AMALGAMATED BANK | 816 | $28 | 0.00% | 2025-12-31 |
| 169 | Capital Advisors, Ltd. LLC | 318 | $11 | 0.00% | 2025-12-31 |
| 170 | Covestor Ltd | 50 | $2 | 0.00% | 2025-12-31 |
| 171 | Matrix Trust Co | 0 | $0 | 0.00% | 2025-12-31 |