3 institutions reported holding $11.8M of MERCHANTS FINL (MFGI) in SEC 13F filings for 2026-03-31. Largest institutional holders: Siena Capital Partners GP, LLC ($7.3M), Cutler Capital Management, LLC ($4.5M), PL Capital Advisors, LLC ($48,300). Source: SEC Form 13F.
| Rank | Institution | Value | Shares | Change |
|---|---|---|---|---|
| 1 | Siena Capital Partners GP, LLC | $7.3M | 209,160 | Hold |
| 2 | Cutler Capital Management, LLC | $4.5M | 126,950 | Added |
| 3 | PL Capital Advisors, LLC | $48,300 | 1,380 | Added |
Source: SEC Form 13F filings · as of 2026-03-31