Richmond Mutual Bancorporation, Inc.

RMBI • NASDAQ

Richmond Mutual Bancorporation, Inc. is a banks - regional company in the financial services sector on NASDAQ, led by Garry Kleer, with a market cap of $135.6M. As of Q3 2025, 24% of shares are held by 60 institutional investors, with VANGUARD GROUP INC as the largest holder at 6.01%.

Chairman, President and Chief Executive OfficerGarry Kleer

Market Cap$135.6M

Banks - Regional

Financial Services

Employees176.0

Websitefirstbankrichmond.com

Country

United States of America

Overview

Overview of institutional ownership in RMBI as of Q3 2025 with a market cap of $137.3M

All Institutions

Institutions: 60
Value Held: $33.3M
Shares Held: 2.3M
Avg Position: $554.3K
Median Position: $106.7K

Hedge Funds

Hedge Funds: 4
Value Held: $2.5M
Shares Held: 176.4K
Avg Position: $626.7K
Median Position: $426.3K

Ownership Breakdown

Institutional (non-HF)

22.39%

$30.8M

Hedge Funds

1.83%

$2.5M

Retail & Other

75.78%

$104.1M

Based on market cap of $137.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RMBI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.2M 0.00% of portfolio	6.01% 580.5K shares	Q3 2019 Held for 6y 2m	$6.69T
B BlackRock, Inc. Institution	-	$5.6M 0.00% of portfolio	4.08% 394.2K shares	Q3 2019 Held for 6y 2m	$5.67T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$3.0M 0.00% of portfolio	2.21% 213.3K shares	Q3 2019 Held for 6y 2m	$1.57T
S STIFEL FINANCIAL CORP Long Only Manager	Adam Vartan Topalian CIO	$1.8M 0.00% of portfolio	1.32% 127.2K shares	Q3 2023 Held for 2y 2m	$109.37B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$1.6M 0.00% of portfolio	1.19% 114.5K shares	Q3 2020 Held for 5y 2m	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.6M 0.00% of portfolio	1.16% 112.3K shares	Q3 2019 Held for 6y 2m	$2.88T
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$1.3M 0.00% of portfolio	0.94% 91.1K shares	Q1 2025 Held for 8 months	$158.92B
SEGALL BRYANT & HAMILL Long Only Manager	Carolyn B Goldhaber President	$1.2M 0.02% of portfolio	0.89% 86.0K shares	Q3 2025 Held for 2 months	$7.5B
G GAMCO INVESTORS, INC. ET AL Institution	-	$930.5K 0.01% of portfolio	0.68% 65.5K shares	Q2 2025 Held for 5 months	$10.3B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$906.8K 0.00% of portfolio	0.66% 63.8K shares	Q3 2019 Held for 6y 2m	$782.01B

Net Capital Flow

Institutional buying and selling activity for RMBI in Q3 2025

Traded: +$699.6K
Buyers: 28
Sellers: 15
Total Bought: +$2.6M
Total Sold: −$1.9M
Avg Position: $545.2K

Biggest Buyers

Institution	Net Bought	Current Position
SEGALL BRYANT & HAMILL Long Only Manager	+$1.2M +86.0K shares	$1.2M 86.0K shares
B BlackRock, Inc. Institution	+$439.7K +30.9K shares	$5.6M 394.2K shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	+$214.2K +15.1K shares	$214.2K 15.1K shares
STATE STREET CORP Institution	+$211.5K +14.9K shares	$1.6M 112.3K shares
F First Financial Bank, N.A. - Trust Division Institution	+$184.5K +13.0K shares	$184.5K 13.0K shares
R Russell Investments Group, Ltd. RIA/Wealth	+$73.8K +5.2K shares	$73.8K 5.2K shares
JPMORGAN CHASE & CO Institution	+$61.1K +4.3K shares	$122.7K 8.6K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$58.1K +4.1K shares	$58.1K 4.1K shares
BANK OF AMERICA CORP /DE/ Institution	+$27.6K +1.9K shares	$116.9K 8.2K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$24.0K +1.7K shares	$46.2K 3.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
VANGUARD GROUP INC Institution	−$795.2K −56.0K shares	$8.2M 580.5K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$198.6K −14.0K shares	$3.0M 213.3K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	−$194.7K −13.7K shares	$160.6K 11.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$164.4K −11.9K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$161.0K −11.3K shares	$313.5K 22.1K shares
NORTHERN TRUST CORP Institution	−$86.9K −6.1K shares	$906.8K 63.8K shares
G GAMCO INVESTORS, INC. ET AL Institution	−$69.0K −4.9K shares	$930.5K 65.5K shares
BARCLAYS PLC Institution	−$56.3K −4.0K shares	$312.3K 22.0K shares
S STIFEL FINANCIAL CORP Long Only Manager	−$51.6K −3.6K shares	$1.8M 127.2K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$44.1K −3.1K shares	$360.1K 25.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited RMBI in Q3 2025

New Positions: 12
New Value: $1.7M
Exited Positions: 1
Exited Value: $164.4K

New Positions

Institution	Position Value
SEGALL BRYANT & HAMILL Long Only Manager	$1.2M 86.0K shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	$214.2K 15.1K shares
F First Financial Bank, N.A. - Trust Division Institution	$184.5K 13.0K shares
R Russell Investments Group, Ltd. RIA/Wealth	$73.8K 5.2K shares
CWM, LLC RIA/Wealth	$7.6K 533.0 shares
J JONES FINANCIAL COMPANIES LLLP Institution	$3.8K 267.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$3.4K 237.0 shares
GAMMA Investing LLC Long Only Manager	$1.1K 75.0 shares
C Covestor Ltd Institution	$1.0K 99.0 shares
E EverSource Wealth Advisors, LLC RIA/Wealth	$398.0 28.0 shares

Exited Positions

Institution	Previous Position
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$164.4K 11.9K shares

Options Activity

Institutions with the largest Call and Put options positions in RMBI as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with RMBI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
O Oppenheimer & Close, LLC Institution	-	0.38% $568.4K	0.41% 40.0K shares	Q3 2019 Held for 6y 2m	$150.2M
M Minerva Advisors LLC Hedge Fund•Value	David Peter Cohen President	0.27% $426.3K	0.31% 30.0K shares	Q3 2019 Held for 6y 2m	$157.5M
K KEELER & NADLER FINANCIAL PLANNING & WEALTH MANAGEMENT RIA/Wealth	James Barber Twining CEO	0.23% $611.1K	0.44% 43.0K shares	Q4 2023 Held for 1y 11m	$266.5M
VISTA INVESTMENT PARTNERS II, LLC RIA/Wealth	Brett Douglas Guiley Managing Partner	0.21% $460.3K	0.34% 32.4K shares	Q4 2024 Held for 11 months	$217.6M
S Stilwell Value LLC Hedge Fund•Activist	Ravi Bipin Shah CFO	0.15% $426.3K	0.31% 30.0K shares	Q3 2019 Held for 6y 2m	$280.8M
SeaCrest Wealth Management, LLC RIA/Wealth	Mark Steven Fogel CEO	0.04% $368.9K	0.27% 25.9K shares	Q3 2019 Held for 6y 2m	$938.8M
B BEESE FULMER INVESTMENT MANAGEMENT, INC. Institution	-	0.03% $491.9K	0.36% 34.6K shares	Q4 2019 Held for 5y 11m	$1.4B
SEGALL BRYANT & HAMILL Long Only Manager	Carolyn B Goldhaber President	0.02% $1.2M	0.89% 86.0K shares	Q3 2025 Held for 2 months	$7.5B
F First Financial Bank, N.A. - Trust Division Institution	-	0.02% $184.5K	0.13% 13.0K shares	Q3 2025 Held for 2 months	$1.2B
G GAMCO INVESTORS, INC. ET AL Institution	-	0.01% $930.5K	0.68% 65.5K shares	Q2 2025 Held for 5 months	$10.3B

Hedge Fund Spotlight

Discover hedge funds investing in RMBI

Minerva Advisors LLC

Hedge Fund • Value

Portfolio ManagerDavid Peter Cohen

Portfolio Value: $157.5M
Positions: 56
Last Reported: Q3 2025

Sector Allocation

Position in Richmond Mutual Bancorporation, Inc.

Market Value: $426.3K
Shares Held: 30.0K
Portfolio Weight: 0.27%
Owned Since: 2019-Q3

Top Holding	Sector	Market Value	Weight
1 Great Lakes Dredge & Dock GLDD	Engineering & Construction Industrials	$16.7M	10.58%
2 Tredegar TG	Manufacturing - Metal Fabrication Industrials	$13.3M	8.45%
3 Eastern Company EML	Manufacturing - Tools & Accessories Industrials	$12.4M	7.90%