Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Merchants Bancorp Ind (MBIN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +27
Streak
1Q ▲
Buyers last Q
60%

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%
Shares
+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.
📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds
38 of 174 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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.

Institutional Sentiment Summary — MBIN

In 2026 Q1, 106 hedge funds were net buyers of MBIN (51 opened a new position, 55 added to an existing one), while 71 reduced or exited (47 trimmed, 24 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +27 funds (more new holders than closures). Total institutional holders: 175.

Hedge Fund Ownership: MBIN

How many hedge funds hold MBIN — quarterly history vs. share price
Quarterly hedge fund ownership of MBIN vs. share price

Market Analysis: MBIN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MBIN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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

Signal Freshness measures how much MBIN has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
MBIN
+14.9%
XLF
+1220.3%

MBIN outperformed XLF by -1205.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
MBIN
+11.2%
XLF
+4.8%

Since the filing became public, MBIN outperformed XLF by +6.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 3 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: MBIN
172 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 172 148 16.22%
13F Shares 46M 16M 182.28%
Total Value $1.97B $548M 258.69%
New Positions 48 15 +33
Increased Positions 54 57 -3
Closed Positions 24 22 +2
Reduced Positions 47 54 -7
Total Calls 2 1 100.0%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.5 2.0 Bullish

Statistics: MBIN

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

172 + 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:
Top 25 MBIN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Elser Financial Planning, Inc 57.21% 26,983,101 $1.18B
2 Doma Perpetual Capital Management LLC 12.85% 1,115,594 $47.9M
3 Ballast Asset Management, LP 2.61% 136,586 $5.9M
4 Banc Funds Co LLC 2.25% 281,062 $12.1M
5 Denali Advisors LLC 0.93% 194,710 $8.4M
6 Basswood Capital Management, L.L.C. 0.55% 273,747 $11.7M
7 Wakefield Asset Management LLLP 0.34% 29,530 $1.3M
8 Aldebaran Capital, LLC 0.33% 10,125 $434K
9 Curry Webb Wealth Management LLC 0.29% 14,083 $604K
10 Pacific Ridge Capital Partners, LLC 0.27% 28,753 $1.2M
11 Valeo Financial Advisors, LLC 0.24% 235,100 $10.1M
12 Royce & Associates LP 0.24% 567,267 $24.3M
13 Twelve Points Wealth Management LLC 0.22% 22,916 $983K
14 Formidable Asset Management, LLC 0.18% 34,400 $1.2M
15 BCGM Wealth Management, LLC 0.17% 15,477 $664K
16 James Investment Research, INC. 0.11% 23,770 $1.0M
17 Peloton Wealth Strategists 0.09% 5,333 $229K
18 Nomura Asset Management International INC. 0.08% 1,093,004 $46.9M
19 Impact Partnership Wealth, LLC 0.08% 14,519 $623K
20 AlphaQuest LLC 0.07% 35,063 $1.2M
21 Verdence Capital Advisors LLC 0.06% 25,849 $1.1M
22 Wellington Grp LLC 0.05% 4,687 $160K
23 Bank of Jackson Hole Trust 0.05% 2,257 $97K
24 Inspire Investing, LLC 0.04% 11,944 $513K
25 Hotchkis & Wiley Capital Management LLC 0.04% 302,408 $13.0M
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?

Smaller funds dominant — 15% AUM from top-100: 38 of 174 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

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 Q1 hedge fund 13F filings?

As of today, MBIN has moved +11.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +6.4%. Since the quarter end (March 31, 2026), MBIN has gained +14.9% vs +1220.3% 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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