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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 2024

Institutional positions in Mercantile Bank Corp as of Dec 31, 2024. 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
178
+18 vs. Q3 2024
Shares held
10.3M
+333.3K (+3.3%) vs. Q3 2024
Total value
$457.6M
+$22.9M (+5.3%) vs. Q3 2024
New holders
27
74 more added
Sold out
9
45 more reduced

1 institution that held it in Q3 2024 haven't filed for Q4 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2024: 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.

Institutional holdersQ4 2024: 178 institutions
Q1 2021: 116 institutionsQ2 2021: 112 institutionsQ3 2021: 116 institutionsQ4 2021: 120 institutionsQ1 2022: 122 institutionsQ2 2022: 129 institutionsQ3 2022: 125 institutionsQ4 2022: 130 institutionsQ1 2023: 128 institutionsQ2 2023: 118 institutionsQ3 2023: 133 institutionsQ4 2023: 141 institutionsQ1 2024: 155 institutionsQ2 2024: 162 institutionsQ3 2024: 161 institutionsQ4 2024: 178 institutionsQ1 2025: 194 institutionsQ2 2025: 196 institutionsQ3 2025: 200 institutionsQ4 2025: 192 institutionsQ1 2026: 201 institutionsQ2 2026: 206 institutions
Value heldQ4 2024: $457.6M
Q1 2021: $288.4MQ2 2021: $259.9MQ3 2021: $268.9MQ4 2021: $296.9MQ1 2022: $307.7MQ2 2022: $283.0MQ3 2022: $261.6MQ4 2022: $300.2MQ1 2023: $278.0MQ2 2023: $250.1MQ3 2023: $283.3MQ4 2023: $381.4MQ1 2024: $372.3MQ2 2024: $399.1MQ3 2024: $435.8MQ4 2024: $457.6MQ1 2025: $452.3MQ2 2025: $484.0MQ3 2025: $477.7MQ4 2025: $514.8MQ1 2026: $590.5MQ2 2026: $691.0M
Institutions holding MBWM and their total value by quarter
QuarterHoldersValue
Q2 2026206$691.0M
Q1 2026201$590.5M
Q4 2025192$514.8M
Q3 2025200$477.7M
Q2 2025196$484.0M
Q1 2025194$452.3M
Q4 2024178$457.6M
Q3 2024161$435.8M
Q2 2024162$399.1M
Q1 2024155$372.3M
Q4 2023141$381.4M
Q3 2023133$283.3M
Q2 2023118$250.1M
Q1 2023128$278.0M
Q4 2022130$300.2M
Q3 2022125$261.6M
Q2 2022129$283.0M
Q1 2022122$307.7M
Q4 2021120$296.9M
Q3 2021116$268.9M
Q2 2021112$259.9M
Q1 2021116$288.4M

Institutions, Q4 2024

Shares, value and share of portfolio for each institution holding Mercantile Bank Corp; share changes are against Q3 2024.

Institutions holding MBWM in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
EverSource Wealth Advisors, LLC1$440.00%+1New
TFC Financial Management1$450.00%00.0%Unchanged
SBI Securities Co., Ltd.2$890.00%+2New
IFP Advisors, Inc4$1780.00%+4New
Smartleaf Asset Management LLC5$2230.00%00.0%Unchanged
Massmutual Trust Co FSB12$5340.00%+12New
Proequities, Inc.21$1.02K0.00%+5+31.3%Added
SRS Capital Advisors, Inc.29$1.29K0.00%−302−91.2%Reduced
Rothschild Investment LLC35$1.56K0.00%+15+75.0%Added
Global Retirement Partners, LLC42$1.87K0.00%−10−19.2%Reduced
Ameriflex Group, Inc.40$1.97K0.00%+40New
Covestor Ltd54$2.00K0.00%+35+184.2%Added
Principal Securities, Inc.51$2.27K0.00%+6+13.3%Added
Allworth Financial LP47$2.28K0.00%−4−7.8%Reduced
Point72 (DIFC) Ltd62$2.76K0.00%+62New
Lindbrook Capital, LLC65$2.89K0.00%+3+4.8%Added
Parallel Advisors, LLC73$3.25K0.00%−21−22.3%Reduced
Private Trust Co NA89$3.96K0.00%00.0%Unchanged
Signaturefd, LLC100$4.45K0.00%+39+63.9%Added
Versant Capital Management, Inc113$5.03K0.00%+113New
GAMMA Investing LLC175$7.79K0.00%+76+76.8%Added
Ronald Blue Trust, Inc.191$8.50K0.00%00.0%Unchanged
Umb Bank N A253$11.3K0.00%00.0%Unchanged
Center for Financial Planning, Inc.283$12.6K0.00%00.0%Unchanged
Jones Financial Companies LLLP390$17.4K0.00%+390New
Amalgamated Bank528$23.0K0.00%00.0%Unchanged
Picton Mahoney Asset Management653$29.0K0.00%+653New
First Horizon Advisors, Inc.671$29.9K0.00%−38−5.4%Reduced
Mattson Financial Services, LLC685$29.9K0.01%00.0%Unchanged
Fifth Third Bancorp755$33.6K0.00%00.0%Unchanged
Point72 Asia (Singapore) Pte. Ltd.788$35.1K0.01%+788New
Quadrant Capital Group LLC891$39.6K0.00%+65+7.9%Added
Tower Research Capital LLC (TRC)1,138$50.6K0.00%−986−46.4%Reduced
Ameritas Investment Partners, Inc.1,548$68.9K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.1,725$76.7K0.00%+110+6.8%Added
Oliver Lagore Vanvalin Investment Group1,842$82.0K0.02%00.0%Unchanged
EMC Capital Management1,877$84.0K0.05%−7,723−80.4%Reduced
Aquatic Capital Management LLC2,207$98.2K0.00%−293−11.7%Reduced
Advisor Group Holdings, Inc.2,254$100.4K0.00%+282+14.3%Added
Point72 Asset Management, L.P.2,300$102.3K0.00%+2,300New
Quantbot Technologies LP2,328$103.6K0.00%+297+14.6%Added
Nisa Investment Advisors, LLC2,375$105.7K0.00%00.0%Unchanged
Great West Life Assurance Co2,727$121.0K0.00%−153−5.3%Reduced
KLP Kapitalforvaltning AS3,000$133.5K0.00%+3,000New
Zurcher Kantonalbank (Zurich Cantonalbank)3,107$138.2K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey3,238$144.1K0.00%+3,238New
CWM, LLC3,272$146.0K0.00%+23+0.7%Added
Public Employees Retirement System of Ohio3,573$159.0K0.00%00.0%Unchanged
Huntington National Bank4,008$178.3K0.00%+11+0.3%Added
EP Wealth Advisors, LLC4,501$200.2K0.00%+4,501New
SEI Investments Co4,507$200.5K0.00%+4,507New
Verition Fund Management LLC4,634$206.2K0.00%+4,634New
New York State Common Retirement Fund4,732$210.5K0.00%00.0%Unchanged
Squarepoint Ops LLC4,737$210.7K0.00%+4,737New
DekaBank Deutsche Girozentrale5,407$214.0K0.00%00.0%Unchanged
626 Financial, LLC4,876$216.9K0.12%00.0%Unchanged
Cubist Systematic Strategies, LLC4,884$217.3K0.00%+4,884New
Dynamic Advisor Solutions LLC5,342$237.7K0.01%00.0%Unchanged
Manufacturers Life Insurance Company, The5,384$239.5K0.00%−386−6.7%Reduced
BNP Paribas Arbitrage, SA5,451$242.5K0.00%−1,951−26.4%Reduced
Intellus Advisors LLC5,466$243.2K0.04%+5,466New
Inceptionr LLC5,676$252.5K0.06%+5,676New
Trust Point Inc.5,685$252.9K0.02%−5,951−51.1%Reduced
US Bancorp5,939$264.2K0.00%+599+11.2%Added
Russell Investments Group, Ltd.5,967$265.5K0.00%−7,658−56.2%Reduced
Comerica Bank5,988$266.4K0.00%−290−4.6%Reduced
Well Done, LLC6,114$267.3K0.05%00.0%Unchanged
Price T Rowe Associates Inc6,133$273.0K0.00%+996+19.4%Added
HighTower Advisors, LLC6,299$280.2K0.00%+24+0.4%Added
Man Group plc6,611$294.1K0.00%+57+0.9%Added
Pitcairn Co6,639$295.4K0.02%+463+7.5%Added
Janus Henderson Group PLC6,739$300.5K0.00%00.0%Unchanged
Zacks Investment Management6,933$308.4K0.00%−317−4.4%Reduced
Intech Investment Management LLC7,345$326.8K0.00%+7,345New
Gsa Capital Partners LLP7,471$332.0K0.02%−1,652−18.1%Reduced
First National Bank of Omaha7,763$345.4K0.02%+477+6.5%Added
Corebridge Financial, Inc.7,842$348.9K0.00%−592−7.0%Reduced
Federated Hermes, Inc.7,851$349.3K0.00%+1,761+28.9%Added
Alps Advisors Inc8,028$357.2K0.00%00.0%Unchanged
Quest Partners LLC8,200$364.8K0.05%+8,136+12,712.5%Added
HSBC Holdings PLC8,570$383.7K0.00%+1,203+16.3%Added
Mirae Asset Global ETFs Holdings Ltd.8,978$399.4K0.00%+313+3.6%Added
CWM Advisors, LLC9,013$401.0K0.04%−390−4.1%Reduced
Azimuth Capital Investment Management LLC9,189$408.8K0.02%00.0%Unchanged
Susquehanna International Group, LLP9,245$411.3K0.00%+3,787+69.4%Added
MetLife Investment Management9,276$412.7K0.00%00.0%Unchanged
Principal Financial Group Inc9,335$415.3K0.00%+724+8.4%Added
Voya Investment Management LLC9,337$415.4K0.00%−567−5.7%Reduced
Sterling Capital Management LLC9,345$415.8K0.01%+449+5.0%Added
Engineers Gate Manager LP9,574$425.9K0.01%+9,574New
First Trust Advisors LP9,840$437.8K0.00%+77+0.8%Added
Susquehanna Fundamental Investments, LLC10,107$449.7K0.01%+10,107New
Franklin Resources Inc10,123$450.4K0.00%00.0%Unchanged
Hennion & Walsh Asset Management, Inc.10,173$452.6K0.02%−3,536−25.8%Reduced
LPL Financial LLC10,841$482.4K0.00%+1,622+17.6%Added
Rafferty Asset Management, LLC11,120$494.7K0.00%−2,341−17.4%Reduced
State of Wisconsin Investment Board11,375$506.1K0.00%−836−6.8%Reduced
Janney Montgomery Scott LLC11,864$528.0K0.00%+430+3.8%Added
SG Americas Securities, LLC12,137$540.0K0.00%−79−0.6%Reduced
Lazard Asset Management LLC12,439$552.0K0.00%+2,419+24.1%Added