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, 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
- +147.3K (+1.6%) vs. Q2 2023
- Total value
- $283.3M
- +$34.1M (+13.7%) vs. Q2 2023
- New holders
- 23
- 47 more added
- Sold out
- 7
- 36 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 | $691.0M |
| 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, 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 |
|---|---|---|---|---|---|
| Avion Wealth | 16 | $0 | 0.00% | +16 | New |
| Proequities, Inc. | 21 | $649 | 0.00% | −6−22.2% | Reduced |
| Covestor Ltd | 20 | $1.00K | 0.00% | −4−16.7% | Reduced |
| West Tower Group, LLC | 74 | $2.29K | 0.00% | +74 | New |
| IFP Advisors, Inc | 93 | $2.88K | 0.00% | 00.0% | Unchanged |
| Aquatic Capital Management LLC | 100 | $3.00K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 111 | $3.43K | 0.00% | 00.0% | Unchanged |
| GoalVest Advisory LLC | 123 | $3.80K | 0.00% | +17+16.0% | Added |
| Signaturefd, LLC | 183 | $5.66K | 0.00% | 00.0% | Unchanged |
| Lindbrook Capital, LLC | 183 | $5.66K | 0.00% | +165+916.7% | Added |
| Carmel Capital Partners, LLC | 205 | $6.34K | 0.00% | +205 | New |
| Center for Financial Planning, Inc. | 283 | $8.75K | 0.00% | 00.0% | Unchanged |
| Fisher Asset Management, LLC | 333 | $10.3K | 0.00% | +333 | New |
| Quadrant Capital Group LLC | 483 | $14.9K | 0.00% | +268+124.7% | Added |
| CWM, LLC | 490 | $15.0K | 0.00% | −450−47.9% | Reduced |
| Dorsey Wright & Associates | 684 | $21.1K | 0.01% | −24−3.4% | Reduced |
| Umb Bank N A | 719 | $22.2K | 0.00% | 00.0% | Unchanged |
| First Horizon Advisors, Inc. | 764 | $23.6K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 868 | $26.8K | 0.00% | +95+12.3% | Added |
| Metropolitan Life Insurance Co | 879 | $27.2K | 0.00% | 00.0% | Unchanged |
| Allspring Global Investments Holdings, LLC | 1,357 | $41.9K | 0.00% | −13,124−90.6% | Reduced |
| Amalgamated Bank | 1,525 | $47.0K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 1,548 | $47.8K | 0.00% | +363+30.6% | Added |
| Comerica Bank | 1,997 | $61.7K | 0.00% | +1,997 | New |
| Oliver Lagore Vanvalin Investment Group | 2,122 | $65.6K | 0.03% | −6−0.3% | Reduced |
| Fifth Third Bancorp | 2,143 | $66.2K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 2,328 | $72.0K | 0.00% | −6,820−74.6% | Reduced |
| Qube Research & Technologies Ltd | 2,532 | $78.3K | 0.00% | +2,532 | New |
| Great West Life Assurance Co | 2,900 | $89.0K | 0.00% | +1,884+185.4% | Added |
| Nisa Investment Advisors, LLC | 3,075 | $95.0K | 0.00% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 3,107 | $96.0K | 0.00% | 00.0% | Unchanged |
| State of Tennessee, Treasury Department | 3,521 | $108.8K | 0.00% | +3,521 | New |
| Public Employees Retirement System of Ohio | 3,953 | $122.0K | 0.00% | +889+29.0% | Added |
| Huntington National Bank | 3,997 | $123.5K | 0.00% | +1,422+55.2% | Added |
| Federated Hermes, Inc. | 4,772 | $147.5K | 0.00% | 00.0% | Unchanged |
| DekaBank Deutsche Girozentrale | 5,407 | $166.0K | 0.00% | +5,407 | New |
| US Bancorp | 5,434 | $168.0K | 0.00% | +51+0.9% | Added |
| Advisor Group Holdings, Inc. | 5,735 | $177.4K | 0.00% | +546+10.5% | Added |
| Denali Advisors LLC | 5,800 | $179.3K | 0.06% | +5,800 | New |
| New York State Common Retirement Fund | 6,128 | $189.4K | 0.00% | +6+0.1% | Added |
| FMR LLC | 6,275 | $194.0K | 0.00% | −120−1.9% | Reduced |
| Lazard Asset Management LLC | 6,312 | $194.0K | 0.00% | +5,407+597.5% | Added |
| Pitcairn Co | 6,536 | $202.0K | 0.02% | +6,536 | New |
| Advisor Partners II, LLC | 6,666 | $206.0K | 0.01% | +6,666 | New |
| Janus Henderson Group PLC | 6,831 | $210.7K | 0.00% | +6,831 | New |
| Trexquant Investment LP | 6,971 | $215.5K | 0.01% | +6,971 | New |
| Dynamic Advisor Solutions LLC | 7,000 | $216.4K | 0.01% | +7,000 | New |
| Deutsche Bank AG | 7,226 | $223.4K | 0.00% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 7,254 | $224.2K | 0.00% | −529−6.8% | Reduced |
| Franklin Resources Inc | 7,673 | $237.2K | 0.00% | +7,673 | New |
| SG Americas Securities, LLC | 7,843 | $242.0K | 0.00% | +7,843 | New |
| American International Group, Inc. | 7,833 | $242.1K | 0.00% | +279+3.7% | Added |
| BNP Paribas Arbitrage, SA | 7,848 | $242.6K | 0.00% | +3,534+81.9% | Added |
| Zacks Investment Management | 7,887 | $243.8K | 0.00% | +7,887 | New |
| MetLife Investment Management | 8,397 | $259.6K | 0.00% | 00.0% | Unchanged |
| UBS Asset Management Americas Inc | 8,502 | $262.8K | 0.00% | 00.0% | Unchanged |
| LPL Financial LLC | 8,503 | $262.8K | 0.00% | +596+7.5% | Added |
| Thrivent Financial for Lutherans | 8,677 | $268.0K | 0.00% | +8,677 | New |
| HSBC Holdings PLC | 9,059 | $280.5K | 0.00% | +338+3.9% | Added |
| Azimuth Capital Investment Management LLC | 9,189 | $284.0K | 0.01% | 00.0% | Unchanged |
| Alliancebernstein L.P. | 9,711 | $300.2K | 0.00% | −500−4.9% | Reduced |
| Bailard, Inc. | 11,233 | $347.2K | 0.01% | +11,233 | New |
| Wedge Capital Management L L P | 11,338 | $350.5K | 0.01% | +11,338 | New |
| New York Life Investment Management LLC | 11,643 | $359.9K | 0.00% | −1,834−13.6% | Reduced |
| UBS Group AG | 11,666 | $360.6K | 0.00% | +304+2.7% | Added |
| Voya Investment Management LLC | 11,964 | $369.8K | 0.00% | +4,126+52.6% | Added |
| Teacher Retirement System of Texas | 12,499 | $386.0K | 0.00% | −646−4.9% | Reduced |
| Buckingham Strategic Partners | 12,545 | $387.8K | 0.02% | 00.0% | Unchanged |
| First National Bank of Omaha | 12,779 | $395.0K | 0.03% | −233−1.8% | Reduced |
| Legal & General Group Plc | 12,922 | $399.4K | 0.00% | +2,592+25.1% | Added |
| Russell Investments Group, Ltd. | 13,018 | $402.4K | 0.00% | +13,018 | New |
| Credit Suisse AG | 13,404 | $414.3K | 0.00% | +984+7.9% | Added |
| Regal Investment Advisors LLC | 13,500 | $417.3K | 0.04% | −3,752−21.7% | Reduced |
| STRS Ohio | 14,000 | $432.0K | 0.00% | −6,200−30.7% | Reduced |
| Creative Planning | 15,195 | $469.7K | 0.00% | +5,239+52.6% | Added |
| Barclays PLC | 16,259 | $502.6K | 0.00% | −987−5.7% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 16,628 | $514.0K | 0.03% | −1,126−6.3% | Reduced |
| California State Teachers Retirement System | 17,635 | $545.1K | 0.00% | −657−3.6% | Reduced |
| Kennedy Capital Management, Inc. | 17,889 | $552.9K | 0.01% | +1,683+10.4% | Added |
| Shakespeare Wealth Management, Inc. | 19,768 | $611.0K | 0.21% | 00.0% | Unchanged |
| CWM Advisors, LLC | 20,160 | $623.1K | 0.08% | +20,160 | New |
| Round Hill Asset Management | 20,207 | $624.6K | 0.41% | 00.0% | Unchanged |
| Baird Financial Group, Inc. | 20,942 | $647.3K | 0.00% | −100.0% | Reduced |
| Jacobs Levy Equity Management, Inc | 22,635 | $699.6K | 0.00% | +1,479+7.0% | Added |
| ClariVest Asset Management LLC | 22,769 | $703.0K | 0.04% | +22,769 | New |
| Strategies Wealth Advisors, LLC | 22,779 | $704.1K | 0.14% | +186+0.8% | Added |
| Two Sigma Investments, LP | 23,806 | $735.8K | 0.00% | −1,751−6.9% | Reduced |
| Rhumbline Advisers | 24,021 | $742.5K | 0.00% | +17+0.1% | Added |
| Los Angeles Capital Management LLC | 24,075 | $744.2K | 0.00% | 00.0% | Unchanged |
| Invesco Ltd. | 24,666 | $762.4K | 0.00% | +3,924+18.9% | Added |
| Victory Capital Management Inc | 25,000 | $772.8K | 0.00% | −6,342−20.2% | Reduced |
| Ameriprise Financial Inc | 27,361 | $845.7K | 0.00% | −5,000−15.5% | Reduced |
| Cornercap Investment Counsel Inc | 29,500 | $911.8K | 0.17% | −402−1.3% | Reduced |
| Nuveen Asset Management, LLC | 31,290 | $967.2K | 0.00% | 00.0% | Unchanged |
| Two Sigma Advisers, LP | 32,284 | $997.9K | 0.00% | −3,000−8.5% | Reduced |
| Wells Fargo & Company | 34,234 | $1.06M | 0.00% | −481−1.4% | Reduced |
| Swiss National Bank | 35,200 | $1.09M | 0.00% | +2,100+6.3% | Added |
| Assenagon Asset Management S.A. | 36,226 | $1.12M | 0.00% | +10,031+38.3% | Added |
| LaFleur & Godfrey LLC | 37,654 | $1.16M | 0.19% | +70.0% | Added |
| Empowered Funds, LLC | 39,197 | $1.21M | 0.04% | +3,160+8.8% | Added |