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, 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 | $691.0M |
| 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, 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 |
|---|---|---|---|---|---|
| Allworth Financial LP | 3 | $122 | 0.00% | +3 | New |
| GoalVest Advisory LLC | 13 | $525 | 0.00% | −110−89.4% | Reduced |
| Lindbrook Capital, LLC | 18 | $727 | 0.00% | −165−90.2% | Reduced |
| Proequities, Inc. | 31 | $1.25K | 0.00% | +10+47.6% | Added |
| GAMMA Investing LLC | 59 | $2.37K | 0.00% | +59 | New |
| Principal Securities, Inc. | 59 | $2.38K | 0.00% | +59 | New |
| Central Trust Co | 71 | $2.87K | 0.00% | +71 | New |
| Aquatic Capital Management LLC | 100 | $4.00K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 111 | $4.48K | 0.00% | 00.0% | Unchanged |
| West Tower Group, LLC | 180 | $7.27K | 0.01% | +106+143.2% | Added |
| Signaturefd, LLC | 183 | $7.39K | 0.00% | 00.0% | Unchanged |
| IFP Advisors, Inc | 186 | $7.51K | 0.00% | +93+100.0% | Added |
| Umb Bank N A | 277 | $11.2K | 0.00% | −442−61.5% | Reduced |
| Center for Financial Planning, Inc. | 283 | $11.4K | 0.00% | 00.0% | Unchanged |
| AJOVista, LLC | 382 | $15.4K | 0.02% | +382 | New |
| Quadrant Capital Group LLC | 483 | $19.5K | 0.00% | 00.0% | Unchanged |
| CWM, LLC | 515 | $21.0K | 0.00% | +25+5.1% | Added |
| First Horizon Advisors, Inc. | 764 | $30.9K | 0.00% | 00.0% | Unchanged |
| Metropolitan Life Insurance Co | 879 | $35.5K | 0.00% | 00.0% | Unchanged |
| Voisard Asset Management Group, Inc. | 944 | $38.1K | 0.02% | +944 | New |
| Amalgamated Bank | 1,368 | $55.0K | 0.00% | −157−10.3% | Reduced |
| Ameritas Investment Partners, Inc. | 1,548 | $62.5K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 1,772 | $71.6K | 0.00% | +904+104.1% | Added |
| Comerica Bank | 1,997 | $80.6K | 0.00% | 00.0% | Unchanged |
| Oliver Lagore Vanvalin Investment Group | 2,122 | $85.7K | 0.03% | 00.0% | Unchanged |
| Fifth Third Bancorp | 2,143 | $86.5K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 2,375 | $95.9K | 0.00% | −700−22.8% | Reduced |
| EntryPoint Capital, LLC | 2,738 | $110.6K | 0.11% | +2,738 | New |
| Great West Life Assurance Co | 2,820 | $114.0K | 0.00% | −80−2.8% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 3,107 | $125.5K | 0.00% | 00.0% | Unchanged |
| Public Employees Retirement System of Ohio | 3,953 | $159.6K | 0.00% | 00.0% | Unchanged |
| Huntington National Bank | 3,997 | $161.4K | 0.00% | 00.0% | Unchanged |
| Allspring Global Investments Holdings, LLC | 4,268 | $172.3K | 0.00% | +2,911+214.5% | Added |
| BNP Paribas Arbitrage, SA | 4,317 | $174.3K | 0.00% | −3,531−45.0% | Reduced |
| Advisor Group Holdings, Inc. | 4,525 | $182.8K | 0.00% | −1,210−21.1% | Reduced |
| Federated Hermes, Inc. | 4,885 | $197.3K | 0.00% | +113+2.4% | Added |
| Qube Research & Technologies Ltd | 4,891 | $197.5K | 0.00% | +2,359+93.2% | Added |
| Truist Financial Corp | 5,430 | $219.3K | 0.00% | +5,430 | New |
| Corton Capital Inc. | 5,447 | $219.9K | 0.07% | +5,447 | New |
| DekaBank Deutsche Girozentrale | 5,407 | $220.0K | 0.00% | 00.0% | Unchanged |
| US Bancorp | 5,525 | $223.1K | 0.00% | +91+1.7% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 5,672 | $229.0K | 0.00% | +5,672 | New |
| SEI Investments Co | 5,902 | $238.3K | 0.00% | +5,902 | New |
| Well Done, LLC | 6,050 | $244.3K | 0.05% | +6,050 | New |
| Martingale Asset Management L P | 6,100 | $246.3K | 0.01% | +6,100 | New |
| New York State Common Retirement Fund | 6,137 | $247.8K | 0.00% | +9+0.1% | 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 |
| FMR LLC | 6,342 | $256.1K | 0.00% | +67+1.1% | Added |
| Manufacturers Life Insurance Company, The | 6,374 | $257.4K | 0.00% | +6,374 | New |
| The PNC Financial Services Group, Inc. | 6,438 | $260.0K | 0.00% | −816−11.2% | Reduced |
| Pitcairn Co | 6,535 | $263.9K | 0.02% | −10.0% | Reduced |
| Janus Henderson Group PLC | 6,818 | $275.6K | 0.00% | −13−0.2% | Reduced |
| Dynamic Advisor Solutions LLC | 7,000 | $277.6K | 0.01% | 00.0% | Unchanged |
| Citigroup Inc | 7,188 | $290.3K | 0.00% | +4,860+208.8% | Added |
| Deutsche Bank AG | 7,463 | $301.4K | 0.00% | +237+3.3% | Added |
| Denali Advisors LLC | 7,500 | $302.9K | 0.09% | +1,700+29.3% | Added |
| Franklin Resources Inc | 7,672 | $309.8K | 0.00% | −10.0% | Reduced |
| Rafferty Asset Management, LLC | 7,793 | $314.7K | 0.00% | +7,793 | New |
| HSBC Holdings PLC | 7,739 | $314.9K | 0.00% | −1,320−14.6% | Reduced |
| American International Group, Inc. | 7,801 | $315.0K | 0.00% | −32−0.4% | Reduced |
| Pathstone Holdings, LLC | 8,256 | $333.4K | 0.00% | +8,256 | New |
| MetLife Investment Management | 8,397 | $339.1K | 0.00% | 00.0% | Unchanged |
| Lazard Asset Management LLC | 8,431 | $340.0K | 0.00% | +2,119+33.6% | Added |
| Teacher Retirement System of Texas | 8,784 | $355.0K | 0.00% | −3,715−29.7% | Reduced |
| LPL Financial LLC | 9,053 | $365.6K | 0.00% | +550+6.5% | Added |
| Hennion & Walsh Asset Management, Inc. | 9,130 | $368.7K | 0.02% | −7,498−45.1% | Reduced |
| Azimuth Capital Investment Management LLC | 9,189 | $371.1K | 0.02% | 00.0% | Unchanged |
| Creative Planning | 9,204 | $371.7K | 0.00% | −5,991−39.4% | Reduced |
| Trust Point Inc. | 9,298 | $375.5K | 0.03% | +9,298 | New |
| Susquehanna International Group, LLP | 9,385 | $379.0K | 0.00% | +9,385 | New |
| Jane Street Group, LLC | 10,741 | $433.7K | 0.00% | +10,741 | New |
| Alliancebernstein L.P. | 10,771 | $434.9K | 0.00% | +1,060+10.9% | Added |
| New York Life Investment Management LLC | 11,292 | $456.0K | 0.00% | −351−3.0% | Reduced |
| Voya Investment Management LLC | 11,484 | $463.7K | 0.00% | −480−4.0% | Reduced |
| First National Bank of Omaha | 12,302 | $496.8K | 0.03% | −477−3.7% | Reduced |
| Buckingham Strategic Partners | 12,545 | $506.6K | 0.02% | 00.0% | Unchanged |
| Wedge Capital Management L L P | 12,916 | $521.5K | 0.01% | +1,578+13.9% | Added |
| Russell Investments Group, Ltd. | 13,018 | $525.7K | 0.00% | 00.0% | Unchanged |
| STRS Ohio | 13,200 | $533.0K | 0.00% | −800−5.7% | Reduced |
| Credit Suisse AG | 13,404 | $541.3K | 0.00% | 00.0% | Unchanged |
| Regal Investment Advisors LLC | 13,500 | $545.1K | 0.04% | 00.0% | Unchanged |
| Legal & General Group Plc | 13,895 | $561.1K | 0.00% | +973+7.5% | Added |
| UBS Asset Management Americas Inc | 13,987 | $564.8K | 0.00% | +5,485+64.5% | Added |
| Two Sigma Investments, LP | 14,732 | $594.9K | 0.00% | −9,074−38.1% | Reduced |
| California State Teachers Retirement System | 16,830 | $679.6K | 0.00% | −805−4.6% | Reduced |
| Victory Capital Management Inc | 18,300 | $739.0K | 0.00% | −6,700−26.8% | Reduced |
| Thrivent Financial for Lutherans | 19,739 | $798.0K | 0.00% | +11,062+127.5% | Added |
| Shakespeare Wealth Management, Inc. | 19,768 | $798.2K | 0.25% | 00.0% | Unchanged |
| Round Hill Asset Management | 20,207 | $816.0K | 0.51% | 00.0% | Unchanged |
| Baird Financial Group, Inc. | 20,765 | $838.5K | 0.00% | −177−0.8% | Reduced |
| Jacobs Levy Equity Management, Inc | 21,514 | $868.7K | 0.00% | −1,121−5.0% | Reduced |
| UBS Group AG | 22,834 | $922.0K | 0.00% | +11,168+95.7% | Added |
| ClariVest Asset Management LLC | 23,287 | $940.3K | 0.05% | +518+2.3% | Added |
| Rhumbline Advisers | 24,028 | $970.2K | 0.00% | +70.0% | Added |
| Los Angeles Capital Management LLC | 24,075 | $972.1K | 0.00% | 00.0% | Unchanged |
| Strategies Wealth Advisors, LLC | 25,649 | $1.04M | 0.18% | +2,870+12.6% | Added |
| Two Sigma Advisers, LP | 26,184 | $1.06M | 0.00% | −6,100−18.9% | Reduced |
| Cornercap Investment Counsel Inc | 29,454 | $1.19M | 0.19% | −46−0.2% | Reduced |
| Swiss National Bank | 31,600 | $1.28M | 0.00% | −3,600−10.2% | Reduced |