Merchants Bancorp
DE ˙ DB ˙ US58844R1086
36,00 € ↓ -3,00 (-7,69%)
2026-06-04
DEL PRIS
SecurityDE:3KD / Merchants Bancorp
InstitutionMorgan Stanley
Latest Disclosed Ownership298,060 shares
Latest Disclosed Value $ 12,789,785
Morgan Stanley reports 16.99% increase in ownership of 3KD / Merchants Bancorp

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 298,060 shares of Merchants Bancorp (DE:3KD) valued at $10,908,996 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 254,779 shares of Merchants Bancorp. This represents a change in shares of 16.99% during the quarter. The current value of the position is $10,730,160 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 298,060 43,281 16.99 12,790 47.39 0.0008
2026-05-27 2025-12-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 254,779 20,401 8.70 8,678 16.42 0.0005
2026-02-13 2025-12-31 13F MERCHANTS BANCORP IND COM 58844R108 254,779 20,401 8,678 0.0005
2026-05-27 2025-09-30 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 234,378 -19,836 -7.80 7,453 -11.34 0.0005
2025-11-14 2025-09-30 13F MERCHANTS BANCORP IND COM 58844R108 234,378 -19,836 7,453 0.0005
2025-08-15 2025-06-30 13F MERCHANTS BANCORP IND COM 58844R108 254,214 -24,879 -8.91 8,407 -18.59 0.0005
2025-05-15 2025-03-31 13F MERCHANTS BANCORP IND COM 58844R108 279,093 -12,421 -4.26 10,326 -2.87 0.0007
2025-05-15 2024-12-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 291,514 -155,098 -34.73 10,632 -47.05 0.0007
2025-02-14 2024-12-31 13F MERCHANTS BANCORP IND COM 58844R108 291,514 -155,098 10,632 0.0007
2025-05-14 2024-09-30 13F/A-2 MERCHANTS BANCORP IND COM 58844R108 446,612 121,675 37.45 20,080 52.44 0.0015
2025-02-14 2024-09-30 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 446,612 121,675 20,080 0.0015
2024-11-14 2024-09-30 13F MERCHANTS BANCORP IND COM 58844R108 446,612 121,675 20,080 0.0002
2025-05-14 2024-06-30 13F/A-2 MERCHANTS BANCORP IND COM 58844R108 324,937 -75,638 -18.88 13,173 -23.84 0.0010
2024-10-17 2024-06-30 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 324,937 -75,638 13,173 0.0010
2024-08-14 2024-06-30 13F MERCHANTS BANCORP IND COM 58844R108 324,937 -75,638 13,173 0.0010
2024-10-17 2024-03-31 13F/A-2 MERCHANTS BANCORP IND COM 58844R108 400,575 -24,333 -5.73 17,297 -4.40 0.0014
2024-08-16 2024-03-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 400,575 -24,333 17,297 0.0002
2024-05-15 2024-03-31 13F MERCHANTS BANCORP IND COM 58844R108 400,575 -24,333 17,297 0.0014
2024-08-16 2023-12-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 424,908 257,608 153.98 18,093 290.17 0.0016
2024-02-13 2023-12-31 13F MERCHANTS BANCORP IND COM 58844R108 424,908 257,608 18,093 0.0016
2023-11-15 2023-09-30 13F MERCHANTS BANCORP IND COM 58844R108 167,300 3,560 2.17 4,638 10.72 0.0005
2023-08-14 2023-06-30 13F MERCHANTS BANCORP IND COM 58844R108 163,740 8,918 5.76 4,188 3.89 0.0004
2023-05-15 2023-03-31 13F MERCHANTS BANCORP IND COM 58844R108 154,822 8,820 6.04 4,032 13.55 0.0004
2023-02-14 2022-12-31 13F MERCHANTS BANCORP IND COM 58844R108 146,002 9,167 6.70 3,551 12.48 0.0004
2022-11-14 2022-09-30 13F MERCHANTS BANCORP IND COM 58844R108 136,835 -43,655 -24.19 3,156 -22.86 0.0004
2022-10-27 2022-06-30 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 180,490 78,491 76.95 4,091 46.47 0.0005
2022-08-15 2022-06-30 13F MERCHANTS BANCORP IND COM 58844R108 180,490 78,491 4,091 0.0001
2022-10-27 2022-03-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 101,999 34,672 51.50 2,793 -12.34 0.0004
2022-05-13 2022-03-31 13F MERCHANTS BANCORP IND COM 58844R108 101,999 34,672 2,793 0.0004
2022-02-14 2021-12-31 13F MERCHANTS BANCORP IND COM 58844R108 67,327 15,006 28.68 3,186 54.29 0.0004
2021-11-15 2021-09-30 13F MERCHANTS BANCORP IND COM 58844R108 52,321 1,834 3.63 2,065 4.19 0.0003
2021-08-23 2021-06-30 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 50,487 23,304 85.73 1,982 73.86 0.0003
2021-08-16 2021-06-30 13F MERCHANTS BANCORP IND COM 58844R108 50,487 23,304 1,982 0.0001
2021-05-17 2021-03-31 13F MERCHANTS BANCORP IND COM 58844R108 27,183 -12,581 -31.64 1,140 3.73 0.0002
2021-02-16 2020-12-31 13F MERCHANTS BANCORP IND COM 58844R108 39,764 8,178 25.89 1,099 76.40 0.0002
2020-11-13 2020-09-30 13F MERCHANTS BANCORP IND COM 58844R108 31,586 25,186 393.53 623 423.53 0.0001
2020-08-14 2020-06-30 13F MERCHANTS BANCORP IND COM 58844R108 6,400 -21,884 -77.37 119 -72.33 0.0000
2020-05-26 2020-03-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 28,284 -13,793 -32.78 430 -48.13 0.0001
2020-05-15 2020-03-31 13F MERCHANTS BANCORP IND COM 58844R108 28,284 -13,793 430 33.0330
2020-02-14 2019-12-31 13F MERCHANTS BANCORP IND COM 58844R108 42,077 5,489 15.00 829 36.80 0.0002
2019-11-14 2019-09-30 13F MERCHANTS BANCORP IND COM 58844R108 36,588 33,817 1,220.39 606 1,189.36 0.0002
2019-08-14 2019-06-30 13F MERCHANTS BANCORP IND COM 58844R108 2,771 -3,082 -52.66 47 -62.70 0.0000
2019-05-15 2019-03-31 13F MERCHANTS BANCORP IND COM 58844R108 5,853 -27,240 -82.31 126 -80.91 0.0000
2019-02-14 2018-12-31 13F MERCHANTS BANCORP IND COM 58844R108 33,093 -9,173 -21.70 660 -38.55 0.0002
2019-04-23 2018-09-30 13F/A-2 MERCHANTS BANCORP IND COM 58844R108 42,266 -1,585 -3.61 1,074 -14.15 0.0003
2018-11-20 2018-09-30 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 42,266 0 1,074 0.0003
2018-11-14 2018-09-30 13F MERCHANTS BANCORP IND COM 58844R108 42,266 -1,585 1,074
2019-04-23 2018-06-30 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 43,851 17,760 68.07 1,251 122.99 0.0003
2018-08-14 2018-06-30 13F MERCHANTS BANCORP IND COM 58844R108 43,851 17,760 1,251
2019-04-23 2018-03-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 26,091 -1,922 -6.86 561 1.63 0.0002
2018-05-14 2018-03-31 13F MERCHANTS BANCORP IND COM 58844R108 26,091 -1,922 561
2019-04-23 2017-12-31 13F/A-1 MERCHANTS BANCORP IND COM 58844R108 28,013 28,013 552 0.0002
2018-02-14 2017-12-31 13F MERCHANTS BANCORP IND COM 58844R108 28,013 552 0.0002
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.