Chuck Royce acquired 567k Merchants Bancorp shares worth $27.1M. That's 0.23% of their equity portfolio (126th largest holding). The investor owns 1.25% of the outstanding Merchants Bancorp stock. The first Merchants Bancorp trade was made in Q4 2018. Since then Chuck Royce bought shares eleven more times and sold shares on six occasions. The stake costed the investor $22.8M, netting the investor a gain of 19% so far.