Merchants Bancorp
US ˙ NasdaqCM ˙ US58844R1086

SecurityMBIN / Merchants Bancorp
InstitutionInvesco Ltd.
Latest Disclosed Ownership155,067 shares
Latest Disclosed Value $ 6,653,903
Invesco Ltd. reports 238.44% increase in ownership of MBIN / Merchants Bancorp

On May 12, 2026 - Invesco Ltd. filed a 13F-HR form disclosing ownership of 155,067 shares of Merchants Bancorp (US:MBIN) valued at $6,653,925 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 19, 2026 disclosing 45,818 shares of Merchants Bancorp. This represents a change in shares of 238.44% during the quarter. The current value of the position is $7,396,696 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)
2026-05-12 2026-03-31 13F MERCHANTS BANCORP IND COM 58844R108 155,067 109,249 238.44 6,654 326.47 0.0010
2026-02-19 2025-12-31 13F MERCHANTS BANCORP IND COM 58844R108 45,818 667 1.48 1,561 8.71 0.0002
2025-11-13 2025-09-30 13F MERCHANTS BANCORP IND COM 58844R108 45,151 -389,169 -89.60 1,436 -90.01 0.0002
2025-08-13 2025-06-30 13F MERCHANTS BANCORP IND COM 58844R108 434,320 -46,302 -9.63 14,363 -19.23 0.0024
2025-05-12 2025-03-31 13F MERCHANTS BANCORP IND COM 58844R108 480,622 9,192 1.95 17,783 3.43 0.0034
2025-02-13 2024-12-31 13F MERCHANTS BANCORP IND COM 58844R108 471,430 -93,605 -16.57 17,193 -32.32 0.0032
2024-11-12 2024-09-30 13F MERCHANTS BANCORP IND COM 58844R108 565,035 457,236 424.16 25,404 481.30 0.0049
2024-08-13 2024-06-30 13F MERCHANTS BANCORP IND COM 58844R108 107,799 -7,226 -6.28 4,370 -12.00 0.0009
2024-05-14 2024-03-31 13F MERCHANTS BANCORP IND COM 58844R108 115,025 -4,085 -3.43 4,967 -2.07 0.0011
2024-02-13 2023-12-31 13F MERCHANTS BANCORP IND COM 58844R108 119,110 -23,831 -16.67 5,072 27.99 0.0012
2023-11-13 2023-09-30 13F MERCHANTS BANCORP IND COM 58844R108 142,941 95,778 203.08 3,962 228.52 0.0011
2023-08-11 2023-06-30 13F MERCHANTS BANCORP IND COM 58844R108 47,163 -72,024 -60.43 1,206 -61.13 0.0003
2023-05-12 2023-03-31 13F MERCHANTS BANCORP IND COM 58844R108 119,187 58,362 95.95 3,104 109.80 0.0009
2023-02-13 2022-12-31 13F MERCHANTS BANCORP IND COM 58844R108 60,825 17,606 40.74 1,479 48.35 0.0004
2022-11-14 2022-09-30 13F MERCHANTS BANCORP IND COM 58844R108 43,219 -1,606 -3.58 997 -1.87 0.0003
2022-08-15 2022-06-30 13F MERCHANTS BANCORP IND COM 58844R108 44,825 2,766 6.58 1,016 -11.81 0.0003
2022-05-16 2022-03-31 13F MERCHANTS BANCORP IND COM 58844R108 42,059 15,026 55.58 1,152 -9.93 0.0003
2022-02-14 2021-12-31 13F MERCHANTS BANCORP IND COM 58844R108 27,033 -5,463 -16.81 1,279 -0.31 0.0003
2021-11-15 2021-09-30 13F MERCHANTS BANCORP IND COM 58844R108 32,496 -6,069 -15.74 1,283 -15.26 0.0003
2021-08-17 2021-06-30 13F MERCHANTS BANCORP IND COM 58844R108 38,565 -2,248 -5.51 1,514 -11.57 0.0004
2021-05-17 2021-03-31 13F MERCHANTS BANCORP IND COM 58844R108 40,813 -9,977 -19.64 1,712 22.02 0.0005
2021-02-16 2020-12-31 13F MERCHANTS BANCORP IND COM 58844R108 50,790 4,469 9.65 1,403 53.50 0.0004
2020-11-16 2020-09-30 13F MERCHANTS BANCORP IND COM 58844R108 46,321 2,283 5.18 914 12.29 0.0003
2020-08-14 2020-06-30 13F MERCHANTS BANCORP IND COM 58844R108 44,038 33,801 330.18 814 421.79 0.0003
2020-05-15 2020-03-31 13F MERCHANTS BANCORP IND COM 58844R108 10,237 10,237 156 0.0001
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.