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 $691.0M 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 | $691.0M |
| Q1 2026 | 201 | $590.5M |
| Q4 2025 | 192 | $514.8M |
| Q3 2025 | 200 | $477.7M |
| Q2 2025 | 196 | $484.0M |
| Q1 2025 | 194 | $452.3M |
| Q4 2024 | 178 | $457.6M |
| Q3 2024 | 161 | $435.8M |
| Q2 2024 | 162 | $399.1M |
| Q1 2024 | 155 | $372.3M |
| Q4 2023 | 141 | $381.4M |
| Q3 2023 | 133 | $283.3M |
| Q2 2023 | 118 | $250.1M |
| Q1 2023 | 128 | $278.0M |
| Q4 2022 | 130 | $300.2M |
| Q3 2022 | 125 | $261.6M |
| Q2 2022 | 129 | $283.0M |
| Q1 2022 | 122 | $307.7M |
| Q4 2021 | 120 | $296.9M |
| 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 |
|---|---|---|---|---|---|
| Covestor Ltd | 2 | $0 | 0.00% | −31−93.9% | Reduced |
| Toronto Dominion Bank | 10 | $0 | 0.00% | +10 | New |
| Huntington National Bank | 1 | $31 | 0.00% | 00.0% | Unchanged |
| Glassman Wealth Services | 6 | $183 | 0.00% | 00.0% | Unchanged |
| Proequities, Inc. | 29 | $886 | 0.00% | −2−6.5% | Reduced |
| Cornerstone Management, Inc. | 41 | $1.25K | 0.00% | 00.0% | Unchanged |
| Manchester Capital Management LLC | 62 | $1.90K | 0.00% | +62 | New |
| IFP Advisors, Inc | 93 | $3.42K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 126 | $3.85K | 0.00% | 00.0% | Unchanged |
| Signaturefd, LLC | 183 | $5.60K | 0.00% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 250 | $7.64K | 0.00% | +250 | New |
| Center for Financial Planning, Inc. | 283 | $8.65K | 0.00% | 00.0% | Unchanged |
| Quadrant Capital Group LLC | 399 | $12.2K | 0.00% | +235+143.3% | Added |
| Lindbrook Capital, LLC | 402 | $12.3K | 0.00% | +389+2,992.3% | Added |
| Citigroup Inc | 404 | $12.4K | 0.00% | −126−23.8% | Reduced |
| Tower Research Capital LLC (TRC) | 535 | $16.0K | 0.00% | +195+57.4% | Added |
| Macquarie Group Ltd | 600 | $18.0K | 0.00% | −376−38.5% | Reduced |
| CWM, LLC | 606 | $19.0K | 0.00% | +237+64.2% | Added |
| Dorsey Wright & Associates | 636 | $19.4K | 0.01% | −72−10.2% | Reduced |
| Umb Bank N A | 719 | $22.0K | 0.00% | 00.0% | Unchanged |
| First Horizon Advisors, Inc. | 764 | $23.4K | 0.00% | 00.0% | Unchanged |
| Metropolitan Life Insurance Co | 879 | $26.9K | 0.00% | −208−19.1% | Reduced |
| Lazard Asset Management LLC | 905 | $27.0K | 0.00% | 00.0% | Unchanged |
| Quantbot Technologies LP | 957 | $29.3K | 0.00% | +957 | New |
| Ameritas Investment Partners, Inc. | 1,185 | $36.2K | 0.00% | 00.0% | Unchanged |
| Amalgamated Bank | 1,585 | $48.0K | 0.00% | −357−18.4% | Reduced |
| Fifth Third Bancorp | 2,143 | $65.5K | 0.00% | 00.0% | Unchanged |
| Oliver Lagore Vanvalin Investment Group | 2,191 | $67.0K | 0.03% | 00.0% | Unchanged |
| Great West Life Assurance Co | 2,343 | $71.0K | 0.00% | +195+9.1% | Added |
| Ameritas Advisory Services, LLC | 2,656 | $75.5K | 0.00% | +2,656 | New |
| Nisa Investment Advisors, LLC | 2,790 | $85.0K | 0.00% | −200−6.7% | Reduced |
| Public Employees Retirement System of Ohio | 3,064 | $94.0K | 0.00% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 3,107 | $95.0K | 0.00% | +1,705+121.6% | Added |
| Federated Hermes, Inc. | 4,933 | $150.9K | 0.00% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 5,706 | $174.6K | 0.00% | +89+1.6% | Added |
| SG Americas Securities, LLC | 5,832 | $178.0K | 0.00% | +971+20.0% | Added |
| FMR LLC | 6,137 | $187.7K | 0.00% | +23+0.4% | Added |
| US Bancorp | 6,232 | $190.6K | 0.00% | −252−3.9% | Reduced |
| Janus Henderson Group PLC | 6,834 | $208.6K | 0.00% | +6,834 | New |
| Voya Investment Management LLC | 6,981 | $213.5K | 0.00% | 00.0% | Unchanged |
| Dynamic Advisor Solutions LLC | 7,000 | $214.1K | 0.01% | −500−6.7% | Reduced |
| Allspring Global Investments Holdings, LLC | 7,059 | $215.9K | 0.00% | +6,056+603.8% | Added |
| Thrivent Financial for Lutherans | 7,138 | $218.0K | 0.00% | +7,138 | New |
| Stifel Financial Corp | 7,313 | $223.6K | 0.00% | +13+0.2% | Added |
| American International Group, Inc. | 7,431 | $227.2K | 0.00% | +148+2.0% | Added |
| Susquehanna International Group, LLP | 7,552 | $230.9K | 0.00% | +7,552 | New |
| Legal & General Group Plc | 7,568 | $231.4K | 0.00% | +303+4.2% | Added |
| HSBC Holdings PLC | 7,887 | $238.2K | 0.00% | +619+8.5% | Added |
| LPL Financial LLC | 8,067 | $246.7K | 0.00% | −306−3.7% | Reduced |
| The PNC Financial Services Group, Inc. | 8,092 | $247.5K | 0.00% | +487+6.4% | Added |
| UBS Group AG | 8,370 | $256.0K | 0.00% | +743+9.7% | Added |
| MetLife Investment Management | 8,397 | $256.8K | 0.00% | 00.0% | Unchanged |
| Truist Financial Corp | 8,455 | $258.6K | 0.00% | 00.0% | Unchanged |
| UBS Asset Management Americas Inc | 8,502 | $260.0K | 0.00% | +8,502 | New |
| BNP Paribas Arbitrage, SA | 8,638 | $264.1K | 0.00% | +5,525+177.5% | Added |
| Alliancebernstein L.P. | 8,791 | $268.8K | 0.00% | −400−4.4% | Reduced |
| Citadel Advisors LLC | 9,135 | $279.3K | 0.00% | +9,135 | New |
| Azimuth Capital Investment Management LLC | 9,189 | $281.0K | 0.01% | 00.0% | Unchanged |
| Deutsche Bank AG | 9,555 | $292.2K | 0.00% | +3,079+47.5% | Added |
| Seizert Capital Partners, LLC | 9,607 | $293.8K | 0.02% | −2,266−19.1% | Reduced |
| New York State Common Retirement Fund | 9,637 | $294.7K | 0.00% | −3,194−24.9% | Reduced |
| Creative Planning | 10,649 | $325.6K | 0.00% | +813+8.3% | Added |
| BHZ Capital Management, LP | 11,279 | $344.9K | 0.21% | −16,867−59.9% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 12,157 | $372.0K | 0.02% | +1,094+9.9% | Added |
| Credit Suisse AG | 12,284 | $375.6K | 0.00% | +40.0% | Added |
| Financial Counselors Inc | 12,328 | $377.0K | 0.01% | 00.0% | Unchanged |
| Buckingham Strategic Partners | 12,545 | $383.6K | 0.02% | +12,545 | New |
| Martingale Asset Management L P | 12,810 | $391.7K | 0.01% | +603+4.9% | Added |
| First National Bank of Omaha | 13,012 | $397.9K | 0.02% | −522−3.9% | Reduced |
| Teacher Retirement System of Texas | 14,099 | $431.0K | 0.00% | +2,840+25.2% | Added |
| Barclays PLC | 14,919 | $456.2K | 0.00% | +5,244+54.2% | Added |
| New York Life Investment Management LLC | 15,469 | $473.0K | 0.01% | +15,469 | New |
| Kennedy Capital Management, Inc. | 16,206 | $495.6K | 0.01% | +16,206 | New |
| Regal Investment Advisors LLC | 17,217 | $526.5K | 0.05% | +34+0.2% | Added |
| Baird Financial Group, Inc. | 17,802 | $544.4K | 0.00% | +91+0.5% | Added |
| Panagora Asset Management Inc | 18,322 | $560.3K | 0.00% | −18,549−50.3% | Reduced |
| STRS Ohio | 18,600 | $568.0K | 0.00% | 00.0% | Unchanged |
| California State Teachers Retirement System | 18,966 | $580.0K | 0.00% | −256−1.3% | Reduced |
| Shakespeare Wealth Management, Inc. | 19,963 | $610.5K | 0.22% | 00.0% | Unchanged |
| Jacobs Levy Equity Management, Inc | 19,979 | $611.0K | 0.00% | +254+1.3% | Added |
| Round Hill Asset Management | 20,207 | $617.9K | 0.39% | 00.0% | Unchanged |
| Strategies Wealth Advisors, LLC | 22,398 | $684.9K | 0.15% | +12,221+120.1% | Added |
| Invesco Ltd. | 23,960 | $732.7K | 0.00% | −12,447−34.2% | Reduced |
| Los Angeles Capital Management LLC | 24,175 | $739.3K | 0.00% | −276−1.1% | Reduced |
| Rhumbline Advisers | 24,820 | $759.0K | 0.00% | +754+3.1% | Added |
| Cornercap Investment Counsel Inc | 29,678 | $907.6K | 0.16% | 00.0% | Unchanged |
| Nuveen Asset Management, LLC | 31,290 | $957.0K | 0.00% | −302−1.0% | Reduced |
| Swiss National Bank | 32,500 | $993.9K | 0.00% | −3,900−10.7% | Reduced |
| Ameriprise Financial Inc | 32,525 | $994.6K | 0.00% | +3,385+11.6% | Added |
| Envestnet Asset Management Inc | 33,147 | $1.01M | 0.00% | −218−0.7% | Reduced |
| Victory Capital Management Inc | 33,500 | $1.02M | 0.00% | −1,727−4.9% | Reduced |
| Two Sigma Investments, LP | 34,929 | $1.07M | 0.00% | +9,679+38.3% | Added |
| Goldman Sachs Group Inc | 36,968 | $1.13M | 0.00% | +5,032+15.8% | Added |
| LaFleur & Godfrey LLC | 38,474 | $1.18M | 0.19% | −3,407−8.1% | Reduced |
| Two Sigma Advisers, LP | 39,084 | $1.20M | 0.00% | +10,200+35.3% | Added |
| Brandywine Global Investment Management, LLC | 39,128 | $1.20M | 0.01% | +29,947+326.2% | Added |
| Wells Fargo & Company | 41,761 | $1.28M | 0.00% | +2,648+6.8% | Added |
| Bank of America Corp | 46,980 | $1.44M | 0.00% | −17,341−27.0% | Reduced |
| AQR Capital Management LLC | 48,831 | $1.49M | 0.00% | −3,713−7.1% | Reduced |
| John W. Rosenthal Capital Management, Inc. | 50,000 | $1.53M | 1.72% | 00.0% | Unchanged |