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 |
|---|---|---|---|---|---|
| First Trust Advisors LP | 50,164 | $1.53M | 0.00% | +4,553+10.0% | Added |
| JPMorgan Chase & Co | 57,768 | $1.77M | 0.00% | −2,680−4.4% | Reduced |
| Hillsdale Investment Management Inc. | 58,548 | $1.79M | 0.15% | +58,548 | New |
| Oberweis Asset Management Inc | 60,034 | $1.84M | 0.28% | +10,215+20.5% | Added |
| jvl associates llc | 64,703 | $1.98M | 1.04% | +10,390+19.1% | Added |
| Assenagon Asset Management S.A. | 66,172 | $2.02M | 0.01% | +29,525+80.6% | Added |
| Bridgeway Capital Management, LLC | 79,890 | $2.44M | 0.06% | +6,090+8.3% | Added |
| Royal Bank of Canada | 86,187 | $2.63M | 0.00% | −14,201−14.1% | Reduced |
| Mercer Global Advisors Inc | 86,641 | $2.65M | 0.01% | +86,641 | New |
| Acadian Asset Management LLC | 100,466 | $3.07M | 0.01% | −27,216−21.3% | Reduced |
| Morgan Stanley | 100,663 | $3.08M | 0.00% | −12,253−10.9% | Reduced |
| Bank of New York Mellon Corp | 122,441 | $3.74M | 0.00% | −2,388−1.9% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 128,530 | $3.93M | 0.02% | −1,300−1.0% | Reduced |
| American Century Companies Inc | 130,695 | $3.94M | 0.00% | +16,899+14.9% | Added |
| Millennium Management LLC | 136,461 | $4.17M | 0.00% | +23,414+20.7% | Added |
| Charles Schwab Investment Management Inc | 161,392 | $4.94M | 0.00% | +50,280+45.3% | Added |
| Northern Trust Corp | 183,758 | $5.62M | 0.00% | −3,769−2.0% | Reduced |
| LSV Asset Management | 211,382 | $6.46M | 0.01% | +60,762+40.3% | Added |
| Stieven Capital Advisors, L.P. | 244,106 | $7.46M | 1.95% | −52,902−17.8% | Reduced |
| Geode Capital Management, LLC | 293,177 | $8.97M | 0.00% | +10,462+3.7% | Added |
| Tributary Capital Management, LLC | 319,441 | $9.77M | 0.91% | +10,730+3.5% | Added |
| North Star Asset Management Inc | 332,164 | $10.2M | 0.60% | +14,292+4.5% | Added |
| State Street Corp | 392,721 | $12.0M | 0.00% | +16,564+4.4% | Added |
| Banc Funds Co LLC | 493,158 | $15.1M | 1.61% | 00.0% | Unchanged |
| Renaissance Technologies LLC | 547,313 | $16.7M | 0.02% | −45,500−7.7% | Reduced |
| Vanguard Group Inc | 790,838 | $24.2M | 0.00% | +18,104+2.3% | Added |
| Dimensional Fund Advisors LP | 1,192,636 | $36.5M | 0.01% | +2,435+0.2% | Added |
| BlackRock Inc. | 1,383,767 | $42.3M | 0.00% | −25,407−1.8% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 0 | $0 | 0.00% | −34,300−100.0% | Sold out |
| Wellington Management Group LLP | 0 | $0 | 0.00% | −14,560−100.0% | Sold out |
| Bailard, Inc. | 0 | $0 | 0.00% | −12,000−100.0% | Sold out |
| Raymond James Financial Services Advisors, Inc. | 0 | $0 | 0.00% | −10,676−100.0% | Sold out |
| International Assets Investment Management, LLC | 0 | $0 | 0.00% | −9,302−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −8,497−100.0% | Sold out |
| Trexquant Investment LP | 0 | $0 | 0.00% | −6,704−100.0% | Sold out |
| Manufacturers Life Insurance Company, The | 0 | $0 | 0.00% | −6,393−100.0% | Sold out |
| Prudential Financial Inc | 0 | $0 | 0.00% | −6,360−100.0% | Sold out |
| Pitcairn Co | 0 | $0 | 0.00% | −6,350−100.0% | Sold out |
| Well Done, LLC | 0 | $0 | 0.00% | −5,996−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −1,000−100.0% | Sold out |
| ICA Group Wealth Management, LLC | 0 | $0 | 0.00% | −776−100.0% | Sold out |
| Comerica Securities,inc. | 0 | $0 | 0.00% | −180−100.0% | Sold out |
| Sanford Advisory Services, LLC | – | – | – | – | Not filed |
| Heritage Wealth Management, LLC | – | – | – | – | Not filed |
| CoreCap Advisors, LLC | – | – | – | – | Not filed |