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 2025
Institutional positions in Mercantile Bank Corp as of Sep 30, 2025. 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
- 200
- +7 vs. Q2 2025
- Shares held
- 10.6M
- +196.4K (+1.9%) vs. Q2 2025
- Total value
- $477.7M
- −$5.87M (−1.2%) vs. Q2 2025
- New holders
- 22
- 82 more added
- Sold out
- 15
- 62 more reduced
3 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: 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 2025
Shares, value and share of portfolio for each institution holding Mercantile Bank Corp; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,432,075 | $64.4M | 0.00% | −75,356−5.0% | Reduced |
| Dimensional Fund Advisors LP | 1,048,346 | $47.2M | 0.01% | −14,416−1.4% | Reduced |
| Vanguard Group Inc | 1,038,965 | $46.8M | 0.00% | −3940.0% | Reduced |
| American Century Companies Inc | 494,367 | $22.2M | 0.01% | +41,540+9.2% | Added |
| Renaissance Technologies LLC | 490,413 | $22.1M | 0.03% | +5,100+1.1% | Added |
| State Street Corp | 470,722 | $21.2M | 0.00% | +41,138+9.6% | Added |
| Geode Capital Management, LLC | 412,198 | $18.6M | 0.00% | +6,335+1.6% | Added |
| North Star Asset Management Inc | 355,340 | $16.0M | 0.65% | −1,198−0.3% | Reduced |
| LSV Asset Management | 300,286 | $13.5M | 0.03% | −17,900−5.6% | Reduced |
| Tributary Capital Management, LLC | 248,701 | $11.2M | 1.01% | −9,508−3.7% | Reduced |
| JPMorgan Chase & Co | 214,647 | $9.66M | 0.00% | +58,743+37.7% | Added |
| Hotchkis & Wiley Capital Management LLC | 201,713 | $9.08M | 0.03% | +54,373+36.9% | Added |
| AQR Capital Management LLC | 181,511 | $8.17M | 0.01% | +71,993+65.7% | Added |
| Northern Trust Corp | 173,984 | $7.83M | 0.00% | −2,552−1.4% | Reduced |
| Morgan Stanley | 168,041 | $7.56M | 0.00% | +54,264+47.7% | Added |
| Banc Funds Co LLC | 160,252 | $7.21M | 1.26% | −34,900−17.9% | Reduced |
| Charles Schwab Investment Management Inc | 133,362 | $6.00M | 0.00% | +511+0.4% | Added |
| ProShare Advisors LLC | 130,438 | $5.87M | 0.01% | −8,042−5.8% | Reduced |
| Bridgeway Capital Management, LLC | 113,164 | $5.09M | 0.11% | +5,522+5.1% | Added |
| Mercer Global Advisors Inc | 110,593 | $4.98M | 0.01% | +4,200+3.9% | Added |
| Goldman Sachs Group Inc | 107,750 | $4.85M | 0.00% | +26,371+32.4% | Added |
| Bank of New York Mellon Corp | 96,289 | $4.33M | 0.00% | +777+0.8% | Added |
| Millennium Management LLC | 82,607 | $3.72M | 0.00% | −65,403−44.2% | Reduced |
| Maltese Capital Management LLC | 82,000 | $3.69M | 0.56% | −18,000−18.0% | Reduced |
| Two Sigma Investments, LP | 77,989 | $3.51M | 0.01% | +40,824+109.8% | Added |
| De Lisle Partners LLP | 74,290 | $3.35M | 0.41% | 00.0% | Unchanged |
| Qube Research & Technologies Ltd | 73,466 | $3.31M | 0.00% | +21,271+40.8% | Added |
| Arrowstreet Capital, Limited Partnership | 71,576 | $3.22M | 0.00% | 00.0% | Unchanged |
| Envestnet Asset Management Inc | 67,839 | $3.05M | 0.00% | −11,192−14.2% | Reduced |
| Empowered Funds, LLC | 65,864 | $2.96M | 0.03% | +5,522+9.2% | Added |
| Ameriprise Financial Inc | 63,393 | $2.85M | 0.00% | −6,689−9.5% | Reduced |
| jvl associates llc | 61,927 | $2.79M | 0.92% | −290.0% | Reduced |
| Nuveen, LLC | 57,470 | $2.59M | 0.00% | −11,430−16.6% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 56,653 | $2.55M | 0.01% | +255+0.5% | Added |
| Tudor Investment Corp Et Al | 46,415 | $2.09M | 0.01% | −5,557−10.7% | Reduced |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $2.02M | 1.95% | 00.0% | Unchanged |
| Raymond James Financial Inc | 44,455 | $2.00M | 0.00% | +9,179+26.0% | Added |
| Wells Fargo & Company | 40,614 | $1.83M | 0.00% | +1,111+2.8% | Added |
| UBS Group AG | 34,534 | $1.55M | 0.00% | +13,095+61.1% | Added |
| Brandywine Global Investment Management, LLC | 34,447 | $1.55M | 0.01% | −1,300−3.6% | Reduced |
| Bank of America Corp | 33,669 | $1.52M | 0.00% | +3,580+11.9% | Added |
| LaFleur & Godfrey LLC | 32,866 | $1.48M | 0.18% | −2,430−6.9% | Reduced |
| Pathstone Holdings, LLC | 32,640 | $1.47M | 0.01% | −2,435−6.9% | Reduced |
| Swiss National Bank | 29,900 | $1.35M | 0.00% | 00.0% | Unchanged |
| Barclays PLC | 29,615 | $1.33M | 0.00% | −9,846−25.0% | Reduced |
| Royal Bank of Canada | 29,581 | $1.33M | 0.00% | −30,430−50.7% | Reduced |
| Advisor Group Holdings, Inc. | 28,198 | $1.27M | 0.00% | +26,188+1,302.9% | Added |
| Invesco Ltd. | 28,061 | $1.26M | 0.00% | −4,163−12.9% | Reduced |
| Jane Street Group, LLC | 26,894 | $1.21M | 0.00% | +16,373+155.6% | Added |
| Ieq Capital, LLC | 25,793 | $1.16M | 0.00% | +12,631+96.0% | Added |
| Rhumbline Advisers | 24,652 | $1.11M | 0.00% | −971−3.8% | Reduced |
| Cerity Partners LLC | 24,079 | $1.08M | 0.00% | +2,300+10.6% | Added |
| Creative Planning | 24,038 | $1.08M | 0.00% | +3,067+14.6% | Added |
| Buckingham Strategic Partners | 23,689 | $1.07M | 0.01% | +812+3.5% | Added |
| UBS Asset Management Americas Inc | 23,340 | $1.05M | 0.00% | −18,630−44.4% | Reduced |
| Wakefield Asset Management LLLP | 22,630 | $1.02M | 0.28% | −27−0.1% | Reduced |
| Credit Agricole S A | 22,442 | $1.01M | 0.00% | +22,442 | New |
| Alliancebernstein L.P. | 21,545 | $969.5K | 0.00% | 00.0% | Unchanged |
| Siena Capital Partners GP, LLC | 20,000 | $900.0K | 0.26% | +20,000 | New |
| Two Sigma Advisers, LP | 19,384 | $872.3K | 0.00% | +4,000+26.0% | Added |
| Franklin Resources Inc | 19,352 | $870.8K | 0.00% | +1,592+9.0% | Added |
| Round Hill Asset Management | 18,607 | $837.3K | 0.55% | 00.0% | Unchanged |
| Trexquant Investment LP | 18,154 | $816.9K | 0.01% | +1,615+9.8% | Added |
| Victory Capital Management Inc | 18,081 | $813.6K | 0.00% | −325−1.8% | Reduced |
| Legal & General Group Plc | 17,862 | $803.8K | 0.00% | −502−2.7% | Reduced |
| Quantinno Capital Management LP | 17,833 | $802.5K | 0.00% | +8,248+86.1% | Added |
| Wedge Capital Management L L P | 17,698 | $796.4K | 0.01% | +730+4.3% | Added |
| Baird Financial Group, Inc. | 17,555 | $790.0K | 0.00% | −190−1.1% | Reduced |
| Bailard, Inc. | 17,001 | $765.0K | 0.02% | +900+5.6% | Added |
| Thrivent Financial for Lutherans | 16,129 | $726.0K | 0.00% | −13,656−45.8% | Reduced |
| Lazard Asset Management LLC | 16,091 | $724.1K | 0.00% | 00.0% | Unchanged |
| Teacher Retirement System of Texas | 15,884 | $714.8K | 0.00% | +2,578+19.4% | Added |
| Hennion & Walsh Asset Management, Inc. | 15,822 | $712.0K | 0.03% | +710+4.7% | Added |
| Chicago Trust Co NA | 15,591 | $701.6K | 0.10% | −220−1.4% | Reduced |
| Man Group plc | 15,228 | $685.3K | 0.00% | +3,223+26.8% | Added |
| Deutsche Bank AG | 15,215 | $684.7K | 0.00% | +2,331+18.1% | Added |
| Marshall Wace, LLP | 15,182 | $683.2K | 0.00% | +9,627+173.3% | Added |
| LPL Financial LLC | 15,135 | $681.1K | 0.00% | +461+3.1% | Added |
| Dynamic Technology Lab Private Ltd | 15,034 | $677.0K | 0.11% | +15,034 | New |
| LVM Capital Management Ltd | 14,578 | $656.0K | 0.06% | +14,578 | New |
| California State Teachers Retirement System | 14,201 | $639.0K | 0.00% | +10.0% | Added |
| Regal Investment Advisors LLC | 13,500 | $607.5K | 0.04% | 00.0% | Unchanged |
| Rafferty Asset Management, LLC | 13,411 | $603.5K | 0.00% | +4,985+59.2% | Added |
| Jacobs Levy Equity Management, Inc | 13,331 | $599.9K | 0.00% | −66−0.5% | Reduced |
| STRS Ohio | 13,300 | $598.5K | 0.00% | 00.0% | Unchanged |
| CWM, LLC | 12,393 | $558.0K | 0.00% | +5,748+86.5% | Added |
| Allianz Asset Management GmbH | 12,332 | $554.9K | 0.00% | +600+5.1% | Added |
| ExodusPoint Capital Management, LP | 11,854 | $533.4K | 0.01% | +11,854 | New |
| Panagora Asset Management Inc | 11,621 | $522.9K | 0.00% | +11,621 | New |
| Shakespeare Wealth Management, Inc. | 11,574 | $520.8K | 0.12% | −620−5.1% | Reduced |
| Los Angeles Capital Management LLC | 11,379 | $512.1K | 0.00% | −3,362−22.8% | Reduced |
| Engineers Gate Manager LP | 11,258 | $506.6K | 0.01% | −321−2.8% | Reduced |
| Strategies Wealth Advisors, LLC | 10,949 | $492.7K | 0.05% | +1,958+21.8% | Added |
| Voleon Capital Management LP | 10,611 | $477.5K | 0.01% | +10,611 | New |
| Allspring Global Investments Holdings, LLC | 10,268 | $462.1K | 0.00% | −101−1.0% | Reduced |
| Janney Montgomery Scott LLC | 10,134 | $456.0K | 0.00% | −1,438−12.4% | Reduced |
| Citigroup Inc | 10,090 | $454.1K | 0.00% | −2,677−21.0% | Reduced |
| Natixis Advisors, L.P. | 10,083 | $454.0K | 0.00% | +10,083 | New |
| CWM Advisors, LLC | 10,068 | $453.1K | 0.04% | +1,686+20.1% | Added |
| Semanteon Capital Management, LP | 9,858 | $443.6K | 0.56% | +9,858 | New |