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, Q4 2023
Institutional positions in Mercantile Bank Corp as of Dec 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
- 141
- +9 vs. Q3 2023
- Shares held
- 9.45M
- +287.3K (+3.1%) vs. Q3 2023
- Total value
- $381.4M
- +$98.3M (+34.7%) vs. Q3 2023
- New holders
- 21
- 50 more added
- Sold out
- 12
- 42 more reduced
1 institution that held it in Q3 2023 haven't filed for Q4 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2023
Shares, value and share of portfolio for each institution holding Mercantile Bank Corp; share changes are against Q3 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock Inc. | 1,554,923 | $62.8M | 0.00% | +130,877+9.2% | Added |
| Dimensional Fund Advisors LP | 1,151,731 | $46.5M | 0.01% | +3170.0% | Added |
| Vanguard Group Inc | 783,718 | $31.6M | 0.00% | −16,147−2.0% | Reduced |
| Renaissance Technologies LLC | 538,413 | $21.7M | 0.03% | +3,700+0.7% | Added |
| Banc Funds Co LLC | 471,558 | $19.0M | 1.88% | −21,600−4.4% | Reduced |
| State Street Corp | 400,905 | $16.2M | 0.00% | +6,294+1.6% | Added |
| North Star Asset Management Inc | 362,309 | $14.6M | 0.75% | +1,677+0.5% | Added |
| Geode Capital Management, LLC | 335,905 | $13.6M | 0.00% | +13,892+4.3% | Added |
| Tributary Capital Management, LLC | 313,311 | $12.7M | 1.06% | −5,600−1.8% | Reduced |
| LSV Asset Management | 212,678 | $8.59M | 0.02% | 00.0% | Unchanged |
| American Century Companies Inc | 211,035 | $8.52M | 0.01% | +45,897+27.8% | Added |
| Charles Schwab Investment Management Inc | 199,041 | $8.04M | 0.00% | +3,232+1.7% | Added |
| Northern Trust Corp | 194,563 | $7.86M | 0.00% | +5,154+2.7% | Added |
| Stieven Capital Advisors, L.P. | 189,173 | $7.64M | 1.64% | −25,000−11.7% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 128,640 | $5.19M | 0.02% | −8,540−6.2% | Reduced |
| Bank of New York Mellon Corp | 121,864 | $4.92M | 0.00% | −3,256−2.6% | Reduced |
| Mercer Global Advisors Inc | 112,377 | $4.54M | 0.01% | +25,736+29.7% | Added |
| Morgan Stanley | 109,476 | $4.42M | 0.00% | +12,090+12.4% | Added |
| Royal Bank of Canada | 92,692 | $3.74M | 0.00% | +11,434+14.1% | Added |
| Bridgeway Capital Management, LLC | 90,337 | $3.65M | 0.08% | +3,840+4.4% | Added |
| Oberweis Asset Management Inc | 85,315 | $3.45M | 0.32% | −288−0.3% | Reduced |
| Hillsdale Investment Management Inc. | 72,846 | $2.94M | 0.24% | −3,700−4.8% | Reduced |
| Assenagon Asset Management S.A. | 70,793 | $2.86M | 0.01% | +34,567+95.4% | Added |
| Acadian Asset Management LLC | 70,199 | $2.83M | 0.01% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 64,834 | $2.62M | 0.00% | +13,073+25.3% | Added |
| jvl associates llc | 62,015 | $2.50M | 1.13% | −2,740−4.2% | Reduced |
| Bank of America Corp | 52,619 | $2.12M | 0.00% | +7,396+16.4% | Added |
| First Trust Advisors LP | 48,806 | $1.97M | 0.00% | +3,792+8.4% | Added |
| Millennium Management LLC | 48,144 | $1.94M | 0.00% | −1,961−3.9% | Reduced |
| Envestnet Asset Management Inc | 48,043 | $1.94M | 0.00% | +1,323+2.8% | Added |
| AQR Capital Management LLC | 46,643 | $1.88M | 0.00% | +858+1.9% | Added |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $1.82M | 2.08% | 00.0% | Unchanged |
| Brandywine Global Investment Management, LLC | 43,968 | $1.78M | 0.01% | −4,618−9.5% | Reduced |
| Empowered Funds, LLC | 43,037 | $1.74M | 0.04% | +3,840+9.8% | Added |
| Goldman Sachs Group Inc | 39,251 | $1.58M | 0.00% | −1,867−4.5% | Reduced |
| LaFleur & Godfrey LLC | 37,177 | $1.50M | 0.22% | −477−1.3% | Reduced |
| Wells Fargo & Company | 34,525 | $1.39M | 0.00% | +291+0.9% | Added |
| Invesco Ltd. | 33,550 | $1.35M | 0.00% | +8,884+36.0% | Added |
| Nuveen Asset Management, LLC | 33,121 | $1.34M | 0.00% | +1,831+5.9% | Added |
| Ameriprise Financial Inc | 32,515 | $1.31M | 0.00% | +5,154+18.8% | Added |
| Barclays PLC | 32,480 | $1.31M | 0.00% | +16,221+99.8% | Added |
| Swiss National Bank | 31,600 | $1.28M | 0.00% | −3,600−10.2% | Reduced |
| Cornercap Investment Counsel Inc | 29,454 | $1.19M | 0.19% | −46−0.2% | Reduced |
| Two Sigma Advisers, LP | 26,184 | $1.06M | 0.00% | −6,100−18.9% | Reduced |
| Strategies Wealth Advisors, LLC | 25,649 | $1.04M | 0.18% | +2,870+12.6% | Added |
| Los Angeles Capital Management LLC | 24,075 | $972.1K | 0.00% | 00.0% | Unchanged |
| Rhumbline Advisers | 24,028 | $970.2K | 0.00% | +70.0% | Added |
| ClariVest Asset Management LLC | 23,287 | $940.3K | 0.05% | +518+2.3% | Added |
| UBS Group AG | 22,834 | $922.0K | 0.00% | +11,168+95.7% | Added |
| Jacobs Levy Equity Management, Inc | 21,514 | $868.7K | 0.00% | −1,121−5.0% | Reduced |
| Baird Financial Group, Inc. | 20,765 | $838.5K | 0.00% | −177−0.8% | Reduced |
| Round Hill Asset Management | 20,207 | $816.0K | 0.51% | 00.0% | Unchanged |
| Shakespeare Wealth Management, Inc. | 19,768 | $798.2K | 0.25% | 00.0% | Unchanged |
| Thrivent Financial for Lutherans | 19,739 | $798.0K | 0.00% | +11,062+127.5% | Added |
| Victory Capital Management Inc | 18,300 | $739.0K | 0.00% | −6,700−26.8% | Reduced |
| California State Teachers Retirement System | 16,830 | $679.6K | 0.00% | −805−4.6% | Reduced |
| Two Sigma Investments, LP | 14,732 | $594.9K | 0.00% | −9,074−38.1% | Reduced |
| UBS Asset Management Americas Inc | 13,987 | $564.8K | 0.00% | +5,485+64.5% | Added |
| Legal & General Group Plc | 13,895 | $561.1K | 0.00% | +973+7.5% | Added |
| Regal Investment Advisors LLC | 13,500 | $545.1K | 0.04% | 00.0% | Unchanged |
| Credit Suisse AG | 13,404 | $541.3K | 0.00% | 00.0% | Unchanged |
| STRS Ohio | 13,200 | $533.0K | 0.00% | −800−5.7% | Reduced |
| Russell Investments Group, Ltd. | 13,018 | $525.7K | 0.00% | 00.0% | Unchanged |
| Wedge Capital Management L L P | 12,916 | $521.5K | 0.01% | +1,578+13.9% | Added |
| Buckingham Strategic Partners | 12,545 | $506.6K | 0.02% | 00.0% | Unchanged |
| First National Bank of Omaha | 12,302 | $496.8K | 0.03% | −477−3.7% | Reduced |
| Voya Investment Management LLC | 11,484 | $463.7K | 0.00% | −480−4.0% | Reduced |
| New York Life Investment Management LLC | 11,292 | $456.0K | 0.00% | −351−3.0% | Reduced |
| Alliancebernstein L.P. | 10,771 | $434.9K | 0.00% | +1,060+10.9% | Added |
| Jane Street Group, LLC | 10,741 | $433.7K | 0.00% | +10,741 | New |
| Susquehanna International Group, LLP | 9,385 | $379.0K | 0.00% | +9,385 | New |
| Trust Point Inc. | 9,298 | $375.5K | 0.03% | +9,298 | New |
| Creative Planning | 9,204 | $371.7K | 0.00% | −5,991−39.4% | Reduced |
| Azimuth Capital Investment Management LLC | 9,189 | $371.1K | 0.02% | 00.0% | Unchanged |
| Hennion & Walsh Asset Management, Inc. | 9,130 | $368.7K | 0.02% | −7,498−45.1% | Reduced |
| LPL Financial LLC | 9,053 | $365.6K | 0.00% | +550+6.5% | Added |
| Teacher Retirement System of Texas | 8,784 | $355.0K | 0.00% | −3,715−29.7% | Reduced |
| Lazard Asset Management LLC | 8,431 | $340.0K | 0.00% | +2,119+33.6% | Added |
| MetLife Investment Management | 8,397 | $339.1K | 0.00% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 8,256 | $333.4K | 0.00% | +8,256 | New |
| American International Group, Inc. | 7,801 | $315.0K | 0.00% | −32−0.4% | Reduced |
| HSBC Holdings PLC | 7,739 | $314.9K | 0.00% | −1,320−14.6% | Reduced |
| Rafferty Asset Management, LLC | 7,793 | $314.7K | 0.00% | +7,793 | New |
| Franklin Resources Inc | 7,672 | $309.8K | 0.00% | −10.0% | Reduced |
| Denali Advisors LLC | 7,500 | $302.9K | 0.09% | +1,700+29.3% | Added |
| Deutsche Bank AG | 7,463 | $301.4K | 0.00% | +237+3.3% | Added |
| Citigroup Inc | 7,188 | $290.3K | 0.00% | +4,860+208.8% | Added |
| Dynamic Advisor Solutions LLC | 7,000 | $277.6K | 0.01% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 6,818 | $275.6K | 0.00% | −13−0.2% | Reduced |
| Pitcairn Co | 6,535 | $263.9K | 0.02% | −10.0% | Reduced |
| The PNC Financial Services Group, Inc. | 6,438 | $260.0K | 0.00% | −816−11.2% | Reduced |
| Manufacturers Life Insurance Company, The | 6,374 | $257.4K | 0.00% | +6,374 | New |
| FMR LLC | 6,342 | $256.1K | 0.00% | +67+1.1% | Added |
| MML Investors Services, LLC | 6,218 | $251.0K | 0.00% | +6,218 | New |
| HighTower Advisors, LLC | 6,198 | $251.0K | 0.00% | +6,198 | New |
| New York State Common Retirement Fund | 6,137 | $247.8K | 0.00% | +9+0.1% | Added |
| Martingale Asset Management L P | 6,100 | $246.3K | 0.01% | +6,100 | New |
| Well Done, LLC | 6,050 | $244.3K | 0.05% | +6,050 | New |
| SEI Investments Co | 5,902 | $238.3K | 0.00% | +5,902 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 5,672 | $229.0K | 0.00% | +5,672 | New |