Mercantile Bank Corp
MBWM- Exchange
- Nasdaq
- Industry
- State Commercial Banks
- SEC CIK
- 0001042729
No open-market purchases or sales by Mercantile Bank Corp insiders were filed in the last 90 days; 206 institutions reported holding it in 13F filings for Q2 2026, worth $691.2M in total; no superinvestor holds it.
13F holders, Q1 2023
Institutional positions in Mercantile Bank Corp as of Mar 31, 2023. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 128
- +1 vs. Q4 2022
- Shares held
- 9.09M
- +224.6K (+2.5%) vs. Q4 2022
- Total value
- $278.0M
- −$18.9M (−6.4%) vs. Q4 2022
- New holders
- 15
- 50 more added
- Sold out
- 14
- 37 more reduced
3 institutions that held it in Q4 2022 haven't filed for Q1 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2022: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting MBWM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 206 | $691.2M |
| Q1 2026 | 201 | $590.5M |
| Q4 2025 | 192 | $515.6M |
| Q3 2025 | 200 | $487.4M |
| Q2 2025 | 196 | $486.7M |
| Q1 2025 | 194 | $452.5M |
| Q4 2024 | 178 | $457.6M |
| Q3 2024 | 161 | $439.4M |
| Q2 2024 | 162 | $401.6M |
| Q1 2024 | 155 | $384.1M |
| Q4 2023 | 141 | $388.5M |
| Q3 2023 | 133 | $283.3M |
| Q2 2023 | 118 | $250.4M |
| Q1 2023 | 128 | $280.5M |
| Q4 2022 | 130 | $300.2M |
| Q3 2022 | 125 | $261.6M |
| Q2 2022 | 129 | $283.0M |
| Q1 2022 | 122 | $307.7M |
| Q4 2021 | 120 | $297.6M |
| Q3 2021 | 116 | $268.9M |
| Q2 2021 | 112 | $259.9M |
| Q1 2021 | 116 | $288.4M |
Institutions, Q1 2023
Shares, value and share of portfolio for each institution holding Mercantile Bank Corp; share changes are against Q4 2022.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock Inc. | 1,383,767 | $42.3M | 0.00% | −25,407−1.8% | Reduced |
| Dimensional Fund Advisors LP | 1,192,636 | $36.5M | 0.01% | +2,435+0.2% | Added |
| Vanguard Group Inc | 790,838 | $24.2M | 0.00% | +18,104+2.3% | Added |
| Renaissance Technologies LLC | 547,313 | $16.7M | 0.02% | −45,500−7.7% | Reduced |
| Banc Funds Co LLC | 493,158 | $15.1M | 1.61% | 00.0% | Unchanged |
| State Street Corp | 392,721 | $12.0M | 0.00% | +16,564+4.4% | Added |
| North Star Asset Management Inc | 332,164 | $10.2M | 0.60% | +14,292+4.5% | Added |
| Tributary Capital Management, LLC | 319,441 | $9.77M | 0.91% | +10,730+3.5% | Added |
| Geode Capital Management, LLC | 293,177 | $8.97M | 0.00% | +10,462+3.7% | Added |
| Stieven Capital Advisors, L.P. | 244,106 | $7.46M | 1.95% | −52,902−17.8% | Reduced |
| LSV Asset Management | 211,382 | $6.46M | 0.01% | +60,762+40.3% | Added |
| Northern Trust Corp | 183,758 | $5.62M | 0.00% | −3,769−2.0% | Reduced |
| Charles Schwab Investment Management Inc | 161,392 | $4.94M | 0.00% | +50,280+45.3% | Added |
| Millennium Management LLC | 136,461 | $4.17M | 0.00% | +23,414+20.7% | Added |
| American Century Companies Inc | 130,695 | $3.94M | 0.00% | +16,899+14.9% | Added |
| Hotchkis & Wiley Capital Management LLC | 128,530 | $3.93M | 0.02% | −1,300−1.0% | Reduced |
| Bank of New York Mellon Corp | 122,441 | $3.74M | 0.00% | −2,388−1.9% | Reduced |
| Morgan Stanley | 100,663 | $3.08M | 0.00% | −12,253−10.9% | Reduced |
| Acadian Asset Management LLC | 100,466 | $3.07M | 0.01% | −27,216−21.3% | Reduced |
| Mercer Global Advisors Inc | 86,641 | $2.65M | 0.01% | +86,641 | New |
| Royal Bank of Canada | 86,187 | $2.63M | 0.00% | −14,201−14.1% | Reduced |
| Bridgeway Capital Management, LLC | 79,890 | $2.44M | 0.06% | +6,090+8.3% | Added |
| Assenagon Asset Management S.A. | 66,172 | $2.02M | 0.01% | +29,525+80.6% | Added |
| jvl associates llc | 64,703 | $1.98M | 1.04% | +10,390+19.1% | Added |
| Oberweis Asset Management Inc | 60,034 | $1.84M | 0.28% | +10,215+20.5% | Added |
| Hillsdale Investment Management Inc. | 58,548 | $1.79M | 0.15% | +58,548 | New |
| JPMorgan Chase & Co | 57,768 | $1.77M | 0.00% | −2,680−4.4% | Reduced |
| First Trust Advisors LP | 50,164 | $1.53M | 0.00% | +4,553+10.0% | Added |
| John W. Rosenthal Capital Management, Inc. | 50,000 | $1.53M | 1.72% | 00.0% | Unchanged |
| AQR Capital Management LLC | 48,831 | $1.49M | 0.00% | −3,713−7.1% | Reduced |
| Bank of America Corp | 46,980 | $1.44M | 0.00% | −17,341−27.0% | Reduced |
| Wells Fargo & Company | 41,761 | $1.28M | 0.00% | +2,648+6.8% | Added |
| Brandywine Global Investment Management, LLC | 39,128 | $1.20M | 0.01% | +29,947+326.2% | Added |
| Two Sigma Advisers, LP | 39,084 | $1.20M | 0.00% | +10,200+35.3% | Added |
| LaFleur & Godfrey LLC | 38,474 | $1.18M | 0.19% | −3,407−8.1% | Reduced |
| Goldman Sachs Group Inc | 36,968 | $1.13M | 0.00% | +5,032+15.8% | Added |
| Two Sigma Investments, LP | 34,929 | $1.07M | 0.00% | +9,679+38.3% | Added |
| Victory Capital Management Inc | 33,500 | $1.02M | 0.00% | −1,727−4.9% | Reduced |
| Envestnet Asset Management Inc | 33,147 | $1.01M | 0.00% | −218−0.7% | Reduced |
| Ameriprise Financial Inc | 32,525 | $994.6K | 0.00% | +3,385+11.6% | Added |
| Swiss National Bank | 32,500 | $993.9K | 0.00% | −3,900−10.7% | Reduced |
| Nuveen Asset Management, LLC | 31,290 | $957.0K | 0.00% | −302−1.0% | Reduced |
| Cornercap Investment Counsel Inc | 29,678 | $907.6K | 0.16% | 00.0% | Unchanged |
| Rhumbline Advisers | 24,820 | $759.0K | 0.00% | +754+3.1% | Added |
| Los Angeles Capital Management LLC | 24,175 | $739.3K | 0.00% | −276−1.1% | Reduced |
| Invesco Ltd. | 23,960 | $732.7K | 0.00% | −12,447−34.2% | Reduced |
| Strategies Wealth Advisors, LLC | 22,398 | $684.9K | 0.15% | +12,221+120.1% | Added |
| Round Hill Asset Management | 20,207 | $617.9K | 0.39% | 00.0% | Unchanged |
| Jacobs Levy Equity Management, Inc | 19,979 | $611.0K | 0.00% | +254+1.3% | Added |
| Shakespeare Wealth Management, Inc. | 19,963 | $610.5K | 0.22% | 00.0% | Unchanged |
| California State Teachers Retirement System | 18,966 | $580.0K | 0.00% | −256−1.3% | Reduced |
| STRS Ohio | 18,600 | $568.0K | 0.00% | 00.0% | Unchanged |
| Panagora Asset Management Inc | 18,322 | $560.3K | 0.00% | −18,549−50.3% | Reduced |
| Baird Financial Group, Inc. | 17,802 | $544.4K | 0.00% | +91+0.5% | Added |
| Regal Investment Advisors LLC | 17,217 | $526.5K | 0.05% | +34+0.2% | Added |
| Kennedy Capital Management, Inc. | 16,206 | $495.6K | 0.01% | +16,206 | New |
| New York Life Investment Management LLC | 15,469 | $473.0K | 0.01% | +15,469 | New |
| Barclays PLC | 14,919 | $456.2K | 0.00% | +5,244+54.2% | Added |
| Teacher Retirement System of Texas | 14,099 | $431.0K | 0.00% | +2,840+25.2% | Added |
| First National Bank of Omaha | 13,012 | $397.9K | 0.02% | −522−3.9% | Reduced |
| Martingale Asset Management L P | 12,810 | $391.7K | 0.01% | +603+4.9% | Added |
| Buckingham Strategic Partners | 12,545 | $383.6K | 0.02% | +12,545 | New |
| Financial Counselors Inc | 12,328 | $377.0K | 0.01% | 00.0% | Unchanged |
| Credit Suisse AG | 12,284 | $375.6K | 0.00% | +40.0% | Added |
| Hennion & Walsh Asset Management, Inc. | 12,157 | $372.0K | 0.02% | +1,094+9.9% | Added |
| BHZ Capital Management, LP | 11,279 | $344.9K | 0.21% | −16,867−59.9% | Reduced |
| Creative Planning | 10,649 | $325.6K | 0.00% | +813+8.3% | Added |
| New York State Common Retirement Fund | 9,637 | $294.7K | 0.00% | −3,194−24.9% | Reduced |
| Seizert Capital Partners, LLC | 9,607 | $293.8K | 0.02% | −2,266−19.1% | Reduced |
| Deutsche Bank AG | 9,555 | $292.2K | 0.00% | +3,079+47.5% | Added |
| Azimuth Capital Investment Management LLC | 9,189 | $281.0K | 0.01% | 00.0% | Unchanged |
| Citadel Advisors LLC | 9,135 | $279.3K | 0.00% | +9,135 | New |
| Alliancebernstein L.P. | 8,791 | $268.8K | 0.00% | −400−4.4% | Reduced |
| BNP Paribas Arbitrage, SA | 8,638 | $264.1K | 0.00% | +5,525+177.5% | Added |
| UBS Asset Management Americas Inc | 8,502 | $260.0K | 0.00% | +8,502 | New |
| Truist Financial Corp | 8,455 | $258.6K | 0.00% | 00.0% | Unchanged |
| MetLife Investment Management | 8,397 | $256.8K | 0.00% | 00.0% | Unchanged |
| UBS Group AG | 8,370 | $256.0K | 0.00% | +743+9.7% | Added |
| The PNC Financial Services Group, Inc. | 8,092 | $247.5K | 0.00% | +487+6.4% | Added |
| LPL Financial LLC | 8,067 | $246.7K | 0.00% | −306−3.7% | Reduced |
| HSBC Holdings PLC | 7,887 | $238.2K | 0.00% | +619+8.5% | Added |
| Legal & General Group Plc | 7,568 | $231.4K | 0.00% | +303+4.2% | Added |
| Susquehanna International Group, LLP | 7,552 | $230.9K | 0.00% | +7,552 | New |
| American International Group, Inc. | 7,431 | $227.2K | 0.00% | +148+2.0% | Added |
| Stifel Financial Corp | 7,313 | $223.6K | 0.00% | +13+0.2% | Added |
| Thrivent Financial for Lutherans | 7,138 | $218.0K | 0.00% | +7,138 | New |
| Allspring Global Investments Holdings, LLC | 7,059 | $215.9K | 0.00% | +6,056+603.8% | Added |
| Dynamic Advisor Solutions LLC | 7,000 | $214.1K | 0.01% | −500−6.7% | Reduced |
| Voya Investment Management LLC | 6,981 | $213.5K | 0.00% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 6,834 | $208.6K | 0.00% | +6,834 | New |
| US Bancorp | 6,232 | $190.6K | 0.00% | −252−3.9% | Reduced |
| FMR LLC | 6,137 | $187.7K | 0.00% | +23+0.4% | Added |
| SG Americas Securities, LLC | 5,832 | $178.0K | 0.00% | +971+20.0% | Added |
| Advisor Group Holdings, Inc. | 5,706 | $174.6K | 0.00% | +89+1.6% | Added |
| Federated Hermes, Inc. | 4,933 | $150.9K | 0.00% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 3,107 | $95.0K | 0.00% | +1,705+121.6% | Added |
| Public Employees Retirement System of Ohio | 3,064 | $94.0K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 2,790 | $85.0K | 0.00% | −200−6.7% | Reduced |
| Ameritas Advisory Services, LLC | 2,656 | $75.5K | 0.00% | +2,656 | New |
| Great West Life Assurance Co | 2,343 | $71.0K | 0.00% | +195+9.1% | Added |