Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Merchants Bancorp Ind (MBIN)

182 + 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
↑ +11
Streak
2Q ▲
Buyers last Q
52%

Smart Money Signals — MBIN

Based on 187 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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
187 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.
🚀

Fast accumulation — +26% more funds vs a year ago

fund count last 6Q
+38 new funds entered over the past year (+26% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 52% buying

87 buying79 selling
Last quarter: 87 funds bought or added vs 79 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-21 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 19 → 15 → 51 → 30. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 20% medium ■ 30% new
93 out of 187 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.
🚀

Acceleration phase — new buyers rushing in

21 → 19 → 15 → 51 → 30 new funds/Q
New funds entering each quarter: 19 → 15 → 51 → 30. 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 — 54% veterans vs 34% newcomers

■ 54% veterans ■ 11% 1-2yr ■ 34% new
Entry-cohort mix of 189 holders: 103 (54%) are 2+ year veterans, 21 entered 1–2 years ago, and 65 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds
46 of 184 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q2, 87 hedge funds were net buyers of MBIN (30 opened a new position, 57 added to an existing one), while 79 reduced or exited (60 trimmed, 19 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 26% of total institutional value in MBIN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 187.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 3 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: MBIN
182 + Investors

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

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

Statistics: MBIN

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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:
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 — 2 quarters in a row: For 2 consecutive quarters, 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?

Slight buying edge — 52% buying: Last quarter: 87 funds bought or added vs 79 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for MBIN holders?

Strong quality — 26% AUM from major funds: 46 of 184 holders rank in the top 100 by AUM, accounting for 26% 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?

50% of holders stayed for 2+ years: 93 out of 187 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.

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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