Elser Financial Planning Acquires $1.1 Billion Stake in Merchants Bancorp
Elser Financial Planning has acquired 26,983,101 shares of Merchants Bancorp, valued at approximately $1.1 billion, representing 57.21% of the fund's 13F assets. The shares of Merchants Bancorp have risen over 40% this year, indicating strong performance. The acquisition was disclosed in an SEC filing on April 15, 2026.
Topics: 13F filings institutional investment portfolio changes stock purchases