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, Q3 2023
Institutional positions in Mercantile Bank Corp as of Sep 30, 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
- 133
- +16 vs. Q2 2023
- Shares held
- 9.17M
- +147.2K (+1.6%) vs. Q2 2023
- Total value
- $283.3M
- +$33.9M (+13.6%) vs. Q2 2023
- New holders
- 23
- 47 more added
- Sold out
- 7
- 37 more reduced
1 institution that held it in Q2 2023 haven't filed for Q3 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2023: 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, Q3 2023
Shares, value and share of portfolio for each institution holding Mercantile Bank Corp; share changes are against Q2 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock Inc. | 1,424,046 | $44.0M | 0.00% | −19,115−1.3% | Reduced |
| Dimensional Fund Advisors LP | 1,151,414 | $35.6M | 0.01% | −11,779−1.0% | Reduced |
| Vanguard Group Inc | 799,865 | $24.7M | 0.00% | +13,400+1.7% | Added |
| Renaissance Technologies LLC | 534,713 | $16.5M | 0.03% | −7,000−1.3% | Reduced |
| Banc Funds Co LLC | 493,158 | $15.2M | 1.79% | 00.0% | Unchanged |
| State Street Corp | 394,611 | $12.2M | 0.00% | −13,601−3.3% | Reduced |
| North Star Asset Management Inc | 360,632 | $11.1M | 0.64% | +2,398+0.7% | Added |
| Geode Capital Management, LLC | 322,013 | $9.95M | 0.00% | +15,808+5.2% | Added |
| Tributary Capital Management, LLC | 318,911 | $9.86M | 0.93% | +4,324+1.4% | Added |
| Stieven Capital Advisors, L.P. | 214,173 | $6.62M | 1.72% | −8,800−3.9% | Reduced |
| LSV Asset Management | 212,678 | $6.57M | 0.02% | 00.0% | Unchanged |
| Charles Schwab Investment Management Inc | 195,809 | $6.05M | 0.00% | +4,133+2.2% | Added |
| Northern Trust Corp | 189,409 | $5.85M | 0.00% | +5,157+2.8% | Added |
| American Century Companies Inc | 165,138 | $5.10M | 0.00% | +21,587+15.0% | Added |
| Hotchkis & Wiley Capital Management LLC | 137,180 | $4.24M | 0.02% | −2,500−1.8% | Reduced |
| Bank of New York Mellon Corp | 125,120 | $3.87M | 0.00% | +3,610+3.0% | Added |
| Morgan Stanley | 97,386 | $3.01M | 0.00% | +8,187+9.2% | Added |
| Mercer Global Advisors Inc | 86,641 | $2.68M | 0.01% | 00.0% | Unchanged |
| Bridgeway Capital Management, LLC | 86,497 | $2.67M | 0.06% | +3,160+3.8% | Added |
| Oberweis Asset Management Inc | 85,603 | $2.65M | 0.28% | +22,814+36.3% | Added |
| Royal Bank of Canada | 81,258 | $2.51M | 0.00% | −4,212−4.9% | Reduced |
| Hillsdale Investment Management Inc. | 76,546 | $2.37M | 0.22% | +12,806+20.1% | Added |
| Acadian Asset Management LLC | 70,199 | $2.17M | 0.01% | −12,396−15.0% | Reduced |
| jvl associates llc | 64,755 | $2.00M | 1.03% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 51,761 | $1.60M | 0.00% | −9,337−15.3% | Reduced |
| Millennium Management LLC | 50,105 | $1.55M | 0.00% | +14,838+42.1% | Added |
| Brandywine Global Investment Management, LLC | 48,586 | $1.50M | 0.01% | +6,668+15.9% | Added |
| Envestnet Asset Management Inc | 46,720 | $1.44M | 0.00% | +13,134+39.1% | Added |
| AQR Capital Management LLC | 45,785 | $1.42M | 0.00% | +304+0.7% | Added |
| Bank of America Corp | 45,223 | $1.40M | 0.00% | +2,881+6.8% | Added |
| First Trust Advisors LP | 45,014 | $1.39M | 0.00% | −22,040−32.9% | Reduced |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $1.39M | 1.87% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 41,118 | $1.27M | 0.00% | −7,575−15.6% | Reduced |
| Empowered Funds, LLC | 39,197 | $1.21M | 0.04% | +3,160+8.8% | Added |
| LaFleur & Godfrey LLC | 37,654 | $1.16M | 0.19% | +70.0% | Added |
| Assenagon Asset Management S.A. | 36,226 | $1.12M | 0.00% | +10,031+38.3% | Added |
| Swiss National Bank | 35,200 | $1.09M | 0.00% | +2,100+6.3% | Added |
| Wells Fargo & Company | 34,234 | $1.06M | 0.00% | −481−1.4% | Reduced |
| Two Sigma Advisers, LP | 32,284 | $997.9K | 0.00% | −3,000−8.5% | Reduced |
| Nuveen Asset Management, LLC | 31,290 | $967.2K | 0.00% | 00.0% | Unchanged |
| Cornercap Investment Counsel Inc | 29,500 | $911.8K | 0.17% | −402−1.3% | Reduced |
| Ameriprise Financial Inc | 27,361 | $845.7K | 0.00% | −5,000−15.5% | Reduced |
| Victory Capital Management Inc | 25,000 | $772.8K | 0.00% | −6,342−20.2% | Reduced |
| Invesco Ltd. | 24,666 | $762.4K | 0.00% | +3,924+18.9% | Added |
| Los Angeles Capital Management LLC | 24,075 | $744.2K | 0.00% | 00.0% | Unchanged |
| Rhumbline Advisers | 24,021 | $742.5K | 0.00% | +17+0.1% | Added |
| Two Sigma Investments, LP | 23,806 | $735.8K | 0.00% | −1,751−6.9% | Reduced |
| Strategies Wealth Advisors, LLC | 22,779 | $704.1K | 0.14% | +186+0.8% | Added |
| ClariVest Asset Management LLC | 22,769 | $703.0K | 0.04% | +22,769 | New |
| Jacobs Levy Equity Management, Inc | 22,635 | $699.6K | 0.00% | +1,479+7.0% | Added |
| Baird Financial Group, Inc. | 20,942 | $647.3K | 0.00% | −100.0% | Reduced |
| Round Hill Asset Management | 20,207 | $624.6K | 0.41% | 00.0% | Unchanged |
| CWM Advisors, LLC | 20,160 | $623.1K | 0.08% | +20,160 | New |
| Shakespeare Wealth Management, Inc. | 19,768 | $611.0K | 0.21% | 00.0% | Unchanged |
| Kennedy Capital Management, Inc. | 17,889 | $552.9K | 0.01% | +1,683+10.4% | Added |
| California State Teachers Retirement System | 17,635 | $545.1K | 0.00% | −657−3.6% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 16,628 | $514.0K | 0.03% | −1,126−6.3% | Reduced |
| Barclays PLC | 16,259 | $502.6K | 0.00% | −987−5.7% | Reduced |
| Creative Planning | 15,195 | $469.7K | 0.00% | +5,239+52.6% | Added |
| STRS Ohio | 14,000 | $432.0K | 0.00% | −6,200−30.7% | Reduced |
| Regal Investment Advisors LLC | 13,500 | $417.3K | 0.04% | −3,752−21.7% | Reduced |
| Credit Suisse AG | 13,404 | $414.3K | 0.00% | +984+7.9% | Added |
| Russell Investments Group, Ltd. | 13,018 | $402.4K | 0.00% | +13,018 | New |
| Legal & General Group Plc | 12,922 | $399.4K | 0.00% | +2,592+25.1% | Added |
| First National Bank of Omaha | 12,779 | $395.0K | 0.03% | −233−1.8% | Reduced |
| Buckingham Strategic Partners | 12,545 | $387.8K | 0.02% | 00.0% | Unchanged |
| Teacher Retirement System of Texas | 12,499 | $386.0K | 0.00% | −646−4.9% | Reduced |
| Voya Investment Management LLC | 11,964 | $369.8K | 0.00% | +4,126+52.6% | Added |
| UBS Group AG | 11,666 | $360.6K | 0.00% | +304+2.7% | Added |
| New York Life Investment Management LLC | 11,643 | $359.9K | 0.00% | −1,834−13.6% | Reduced |
| Wedge Capital Management L L P | 11,338 | $350.5K | 0.01% | +11,338 | New |
| Bailard, Inc. | 11,233 | $347.2K | 0.01% | +11,233 | New |
| Alliancebernstein L.P. | 9,711 | $300.2K | 0.00% | −500−4.9% | Reduced |
| Azimuth Capital Investment Management LLC | 9,189 | $284.0K | 0.01% | 00.0% | Unchanged |
| HSBC Holdings PLC | 9,059 | $280.5K | 0.00% | +338+3.9% | Added |
| Thrivent Financial for Lutherans | 8,677 | $268.0K | 0.00% | +8,677 | New |
| LPL Financial LLC | 8,503 | $262.8K | 0.00% | +596+7.5% | Added |
| UBS Asset Management Americas Inc | 8,502 | $262.8K | 0.00% | 00.0% | Unchanged |
| MetLife Investment Management | 8,397 | $259.6K | 0.00% | 00.0% | Unchanged |
| Zacks Investment Management | 7,887 | $243.8K | 0.00% | +7,887 | New |
| BNP Paribas Arbitrage, SA | 7,848 | $242.6K | 0.00% | +3,534+81.9% | Added |
| American International Group, Inc. | 7,833 | $242.1K | 0.00% | +279+3.7% | Added |
| SG Americas Securities, LLC | 7,843 | $242.0K | 0.00% | +7,843 | New |
| Franklin Resources Inc | 7,673 | $237.2K | 0.00% | +7,673 | New |
| The PNC Financial Services Group, Inc. | 7,254 | $224.2K | 0.00% | −529−6.8% | Reduced |
| Deutsche Bank AG | 7,226 | $223.4K | 0.00% | 00.0% | Unchanged |
| Dynamic Advisor Solutions LLC | 7,000 | $216.4K | 0.01% | +7,000 | New |
| Trexquant Investment LP | 6,971 | $215.5K | 0.01% | +6,971 | New |
| Janus Henderson Group PLC | 6,831 | $210.7K | 0.00% | +6,831 | New |
| Advisor Partners II, LLC | 6,666 | $206.0K | 0.01% | +6,666 | New |
| Pitcairn Co | 6,536 | $202.0K | 0.02% | +6,536 | New |
| Lazard Asset Management LLC | 6,312 | $194.0K | 0.00% | +5,407+597.5% | Added |
| FMR LLC | 6,275 | $194.0K | 0.00% | −120−1.9% | Reduced |
| New York State Common Retirement Fund | 6,128 | $189.4K | 0.00% | +6+0.1% | Added |
| Denali Advisors LLC | 5,800 | $179.3K | 0.06% | +5,800 | New |
| Advisor Group Holdings, Inc. | 5,735 | $177.4K | 0.00% | +546+10.5% | Added |
| US Bancorp | 5,434 | $168.0K | 0.00% | +51+0.9% | Added |
| DekaBank Deutsche Girozentrale | 5,407 | $166.0K | 0.00% | +5,407 | New |
| Federated Hermes, Inc. | 4,772 | $147.5K | 0.00% | 00.0% | Unchanged |
| Huntington National Bank | 3,997 | $123.5K | 0.00% | +1,422+55.2% | Added |