MERCHANTS BANCORP IND

Institution	Shares	Value ($000)
HFG Advisors, Inc.	9,267	$316
MIRABELLA FINANCIAL SERVICES LLP	15,003	$511
Numerai GP LLC	7,464	$254
Inspire Advisors, LLC	7,692	$262
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.	1,000	$34
Man Group plc	55,832	$1,902
HSBC HOLDINGS PLC	10,397	$355
LOS ANGELES CAPITAL MANAGEMENT LLC	103	$3
Parkside Financial Bank & Trust	20	$1
MAI Capital Management	15	$1
Sunbelt Securities, Inc.	4	$0

Increased Positions (53)

Doma Perpetual Capital Management LLC

Value ($000) $37,997 (+1173.4%) Shares 1,115,594 (+1088.9%)

Pacific Ridge Capital Partners, LLC

Value ($000) $747 (+54.3%) Shares 21,936 (+44.1%)

AlphaQuest LLC

Value ($000) $1,194 (+153.3%) Shares 35,063 (+136.5%)

Y-Intercept (Hong Kong) Ltd

Value ($000) $2,276 (+159.0%) Shares 66,816 (+141.8%)

SAPIENT CAPITAL LLC

Value ($000) $2,550 (+48.4%) Shares 75,521 (+41.2%)

Inspire Investing, LLC

Value ($000) $631 (+38.5%) Shares 18,536 (+29.3%)

DARK FOREST CAPITAL MANAGEMENT LP

Value ($000) $1,947 (+23.1%) Shares 57,154 (+14.9%)

Qube Research & Technologies Ltd

Value ($000) $4,743 (+1163.5%) Shares 139,256 (+1079.6%)

FIRST TRUST ADVISORS LP

Value ($000) $4,807 (+498.4%) Shares 141,145 (+458.7%)

Trexquant Investment LP

Value ($000) $2,305 (+45.2%) Shares 67,660 (+35.6%)

SEI INVESTMENTS CO

Value ($000) $1,905 (+344.6%) Shares 55,924 (+315.1%)

MACKENZIE FINANCIAL CORP

Value ($000) $1,926 (+217.8%) Shares 57,324 (+200.7%)

GOLDMAN SACHS GROUP INC

Value ($000) $5,527 (+111.6%) Shares 162,285 (+97.5%)

AMERICAN CENTURY COMPANIES INC

Value ($000) $23,008 (+14.8%) Shares 675,517 (+7.2%)

DIMENSIONAL FUND ADVISORS LP

Value ($000) $56,433 (+10.8%) Shares 1,656,898 (+3.4%)

D. E. Shaw & Co., Inc.

Value ($000) $6,141 (+32.2%) Shares 180,308 (+23.4%)

UBS ASSET MANAGEMENT AMERICAS INC

Value ($000) $2,008 (+153.8%) Shares 58,969 (+137.0%)

UBS Group AG

Value ($000) $2,575 (+97.5%) Shares 75,592 (+84.4%)

VANGUARD GROUP INC

Value ($000) $48,181 (+9.9%) Shares 1,414,584 (+2.6%)

BlackRock, Inc.

Value ($000) $64,083 (+8.7%) Shares 1,881,468 (+1.5%)

Institution	Prev Shares	Curr Shares	Change
Doma Perpetual Capital Management LLC	93,833	1,115,594	+1,021,761 (+1088.9%)
Pacific Ridge Capital Partners, LLC	15,224	21,936	+6,712 (+44.1%)
AlphaQuest LLC	14,828	35,063	+20,235 (+136.5%)
Y-Intercept (Hong Kong) Ltd	27,630	66,816	+39,186 (+141.8%)
SAPIENT CAPITAL LLC	53,491	75,521	+22,030 (+41.2%)
Inspire Investing, LLC	14,334	18,536	+4,202 (+29.3%)
DARK FOREST CAPITAL MANAGEMENT LP	49,723	57,154	+7,431 (+14.9%)
Qube Research & Technologies Ltd	11,805	139,256	+127,451 (+1079.6%)
FIRST TRUST ADVISORS LP	25,264	141,145	+115,881 (+458.7%)
Trexquant Investment LP	49,895	67,660	+17,765 (+35.6%)
SEI INVESTMENTS CO	13,471	55,924	+42,453 (+315.1%)
MACKENZIE FINANCIAL CORP	19,062	57,324	+38,262 (+200.7%)
GOLDMAN SACHS GROUP INC	82,149	162,285	+80,136 (+97.5%)
AMERICAN CENTURY COMPANIES INC	630,077	675,517	+45,440 (+7.2%)
DIMENSIONAL FUND ADVISORS LP	1,601,928	1,656,898	+54,970 (+3.4%)
D. E. Shaw & Co., Inc.	146,067	180,308	+34,241 (+23.4%)
UBS ASSET MANAGEMENT AMERICAS INC	24,886	58,969	+34,083 (+137.0%)
UBS Group AG	40,989	75,592	+34,603 (+84.4%)
VANGUARD GROUP INC	1,378,400	1,414,584	+36,184 (+2.6%)
BlackRock, Inc.	1,854,044	1,881,468	+27,424 (+1.5%)

Decreased Positions (51)

Black Maple Capital Management LP

Value ($000) $2,796 (-31.9%) Shares 82,092 (-36.4%)

BANC FUNDS CO LLC

Value ($000) $8,326 (-23.1%) Shares 244,462 (-28.2%)

Ballast Asset Management, LP

Value ($000) $4,540 (+3.5%) Shares 133,296 (-3.3%)

Twelve Points Wealth Management LLC

Value ($000) $862 (-22.8%) Shares 24,035 (-31.5%)

ROYCE & ASSOCIATES LP

Value ($000) $27,531 (+0.4%) Shares 808,314 (-6.2%)

Quantbot Technologies LP

Value ($000) $132 (-77.1%) Shares 3,871 (-78.6%)

Jump Financial, LLC

Value ($000) $434 (-63.5%) Shares 12,733 (-66.0%)

XTX Topco Ltd

Value ($000) $710 (-23.2%) Shares 20,846 (-28.3%)

MILLENNIUM MANAGEMENT LLC

Value ($000) $4,360 (-62.4%) Shares 128,011 (-64.9%)

TWO SIGMA INVESTMENTS, LP

Value ($000) $2,734 (-51.1%) Shares 80,276 (-54.3%)

Aquatic Capital Management LLC

Value ($000) $34 (-90.6%) Shares 1,004 (-91.2%)

Verition Fund Management LLC

Value ($000) $565 (-57.7%) Shares 16,600 (-60.5%)

JPMORGAN CHASE & CO

Value ($000) $3,464 (-39.2%) Shares 101,714 (-43.2%)

CITADEL ADVISORS LLC

Value ($000) $859 (-67.8%) Shares 25,225 (-69.9%)

AMERIPRISE FINANCIAL INC

Value ($000) $1,500 (-49.4%) Shares 44,050 (-52.7%)

DEUTSCHE BANK AG\

Value ($000) $2,341 (-22.8%) Shares 68,731 (-28.0%)

PNC Financial Services Group, Inc.

Value ($000) $336 (-66.9%) Shares 9,866 (-69.1%)

Squarepoint Ops LLC

Value ($000) $406 (-52.7%) Shares 11,927 (-55.8%)

RENAISSANCE TECHNOLOGIES LLC

Value ($000) $1,543 (-16.9%) Shares 45,300 (-22.4%)

BNP PARIBAS ARBITRAGE, SA

Value ($000) $933 (-33.7%) Shares 27,395 (-38.1%)

Institution	Prev Shares	Curr Shares	Change
Black Maple Capital Management LP	129,097	82,092	-47,005 (-36.4%)
BANC FUNDS CO LLC	340,690	244,462	-96,228 (-28.2%)
Ballast Asset Management, LP	137,887	133,296	-4,591 (-3.3%)
Twelve Points Wealth Management LLC	35,097	24,035	-11,062 (-31.5%)
ROYCE & ASSOCIATES LP	862,119	808,314	-53,805 (-6.2%)
Quantbot Technologies LP	18,095	3,871	-14,224 (-78.6%)
Jump Financial, LLC	37,400	12,733	-24,667 (-66.0%)
XTX Topco Ltd	29,057	20,846	-8,211 (-28.3%)
MILLENNIUM MANAGEMENT LLC	365,075	128,011	-237,064 (-64.9%)
TWO SIGMA INVESTMENTS, LP	175,754	80,276	-95,478 (-54.3%)
Aquatic Capital Management LLC	11,407	1,004	-10,403 (-91.2%)
Verition Fund Management LLC	42,073	16,600	-25,473 (-60.5%)
JPMORGAN CHASE & CO	179,098	101,714	-77,384 (-43.2%)
CITADEL ADVISORS LLC	83,776	25,225	-58,551 (-69.9%)
AMERIPRISE FINANCIAL INC	93,156	44,050	-49,106 (-52.7%)
DEUTSCHE BANK AG\	95,412	68,731	-26,681 (-28.0%)
PNC Financial Services Group, Inc.	31,883	9,866	-22,017 (-69.1%)
Squarepoint Ops LLC	27,012	11,927	-15,085 (-55.8%)
RENAISSANCE TECHNOLOGIES LLC	58,400	45,300	-13,100 (-22.4%)
BNP PARIBAS ARBITRAGE, SA	44,274	27,395	-16,879 (-38.1%)

Exited Positions (23)

PL Capital Advisors, LLC

Value ($000) $5,988 Shares 188,294

FJ Capital Management LLC

Value ($000) $9,450 Shares 297,156

Semanteon Capital Management, LP

Value ($000) $513 Shares 16,129

EJF Capital LP

Value ($000) $1,154 Shares 36,297

Yorktown Management & Research Co Inc

Value ($000) $280 Shares 8,800

MACQUARIE GROUP LTD

Value ($000) $28,527 Shares 897,066

Keebeck Wealth Management

Value ($000) $319 Shares 10,000

JACOBS LEVY EQUITY MANAGEMENT, INC

Value ($000) $4,291 Shares 134,928

ExodusPoint Capital Management, LP

Value ($000) $1,696 Shares 53,323

Walleye Capital LLC

Value ($000) $1,935 Shares 60,835

TWO SIGMA ADVISERS, LP

Value ($000) $1,183 Shares 37,200

JANE STREET GROUP, LLC

Value ($000) $1,951 Shares 61,351

PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO

Value ($000) $477 Shares 14,994

ALGERT GLOBAL LLC

Value ($000) $1 Shares 29,303

Engineers Gate Manager LP

Value ($000) $203 Shares 6,372

Matrix Trust Co

Value ($000) $0 Shares 4,082

Boston Partners

Value ($000) $518 Shares 16,278

Brevan Howard Capital Management LP

Value ($000) $224 Shares 7,056

VICTORY CAPITAL MANAGEMENT INC

Value ($000) $435 Shares 13,675

Catalyst Capital Advisors LLC

Value ($000) $78 Shares 2,450

Institution	Prev Shares	Prev Value ($000)
PL Capital Advisors, LLC	188,294	$5,988
FJ Capital Management LLC	297,156	$9,450
Semanteon Capital Management, LP	16,129	$513
EJF Capital LP	36,297	$1,154
Yorktown Management & Research Co Inc	8,800	$280
MACQUARIE GROUP LTD	897,066	$28,527
Keebeck Wealth Management	10,000	$319
JACOBS LEVY EQUITY MANAGEMENT, INC	134,928	$4,291
ExodusPoint Capital Management, LP	53,323	$1,696
Walleye Capital LLC	60,835	$1,935
TWO SIGMA ADVISERS, LP	37,200	$1,183
JANE STREET GROUP, LLC	61,351	$1,951
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	14,994	$477
ALGERT GLOBAL LLC	29,303	$1
Engineers Gate Manager LP	6,372	$203
Matrix Trust Co	4,082	$0
Boston Partners	16,278	$518
Brevan Howard Capital Management LP	7,056	$224
VICTORY CAPITAL MANAGEMENT INC	13,675	$435
Catalyst Capital Advisors LLC	2,450	$78