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 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 | $691.0M |
| 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 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 |
|---|---|---|---|---|---|
| Semanteon Capital Management, LP | 9,858 | $443.6K | 0.56% | +9,858 | New |
| CWM Advisors, LLC | 10,068 | $453.1K | 0.04% | +1,686+20.1% | Added |
| Natixis Advisors, L.P. | 10,083 | $454.0K | 0.00% | +10,083 | New |
| Citigroup Inc | 10,090 | $454.1K | 0.00% | −2,677−21.0% | Reduced |
| Janney Montgomery Scott LLC | 10,134 | $456.0K | 0.00% | −1,438−12.4% | Reduced |
| Allspring Global Investments Holdings, LLC | 10,268 | $462.1K | 0.00% | −101−1.0% | Reduced |
| Voleon Capital Management LP | 10,611 | $477.5K | 0.01% | +10,611 | New |
| Strategies Wealth Advisors, LLC | 10,949 | $492.7K | 0.05% | +1,958+21.8% | Added |
| Engineers Gate Manager LP | 11,258 | $506.6K | 0.01% | −321−2.8% | Reduced |
| Los Angeles Capital Management LLC | 11,379 | $512.1K | 0.00% | −3,362−22.8% | Reduced |
| Shakespeare Wealth Management, Inc. | 11,574 | $520.8K | 0.12% | −620−5.1% | Reduced |
| Panagora Asset Management Inc | 11,621 | $522.9K | 0.00% | +11,621 | New |
| ExodusPoint Capital Management, LP | 11,854 | $533.4K | 0.01% | +11,854 | New |
| Allianz Asset Management GmbH | 12,332 | $554.9K | 0.00% | +600+5.1% | Added |
| CWM, LLC | 12,393 | $558.0K | 0.00% | +5,748+86.5% | Added |
| STRS Ohio | 13,300 | $598.5K | 0.00% | 00.0% | Unchanged |
| Jacobs Levy Equity Management, Inc | 13,331 | $599.9K | 0.00% | −66−0.5% | Reduced |
| Rafferty Asset Management, LLC | 13,411 | $603.5K | 0.00% | +4,985+59.2% | Added |
| Regal Investment Advisors LLC | 13,500 | $607.5K | 0.04% | 00.0% | Unchanged |
| California State Teachers Retirement System | 14,201 | $639.0K | 0.00% | +10.0% | Added |
| LVM Capital Management Ltd | 14,578 | $656.0K | 0.06% | +14,578 | New |
| Dynamic Technology Lab Private Ltd | 15,034 | $677.0K | 0.11% | +15,034 | New |
| LPL Financial LLC | 15,135 | $681.1K | 0.00% | +461+3.1% | Added |
| Marshall Wace, LLP | 15,182 | $683.2K | 0.00% | +9,627+173.3% | Added |
| Deutsche Bank AG | 15,215 | $684.7K | 0.00% | +2,331+18.1% | Added |
| Man Group plc | 15,228 | $685.3K | 0.00% | +3,223+26.8% | Added |
| Chicago Trust Co NA | 15,591 | $701.6K | 0.10% | −220−1.4% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 15,822 | $712.0K | 0.03% | +710+4.7% | Added |
| Teacher Retirement System of Texas | 15,884 | $714.8K | 0.00% | +2,578+19.4% | Added |
| Lazard Asset Management LLC | 16,091 | $724.1K | 0.00% | 00.0% | Unchanged |
| Thrivent Financial for Lutherans | 16,129 | $726.0K | 0.00% | −13,656−45.8% | Reduced |
| Bailard, Inc. | 17,001 | $765.0K | 0.02% | +900+5.6% | Added |
| Baird Financial Group, Inc. | 17,555 | $790.0K | 0.00% | −190−1.1% | Reduced |
| Wedge Capital Management L L P | 17,698 | $796.4K | 0.01% | +730+4.3% | Added |
| Quantinno Capital Management LP | 17,833 | $802.5K | 0.00% | +8,248+86.1% | Added |
| Legal & General Group Plc | 17,862 | $803.8K | 0.00% | −502−2.7% | Reduced |
| Victory Capital Management Inc | 18,081 | $813.6K | 0.00% | −325−1.8% | Reduced |
| Trexquant Investment LP | 18,154 | $816.9K | 0.01% | +1,615+9.8% | Added |
| Round Hill Asset Management | 18,607 | $837.3K | 0.55% | 00.0% | Unchanged |
| Franklin Resources Inc | 19,352 | $870.8K | 0.00% | +1,592+9.0% | Added |
| Two Sigma Advisers, LP | 19,384 | $872.3K | 0.00% | +4,000+26.0% | Added |
| Siena Capital Partners GP, LLC | 20,000 | $900.0K | 0.26% | +20,000 | New |
| Alliancebernstein L.P. | 21,545 | $969.5K | 0.00% | 00.0% | Unchanged |
| Credit Agricole S A | 22,442 | $1.01M | 0.00% | +22,442 | New |
| Wakefield Asset Management LLLP | 22,630 | $1.02M | 0.28% | −27−0.1% | Reduced |
| UBS Asset Management Americas Inc | 23,340 | $1.05M | 0.00% | −18,630−44.4% | Reduced |
| Buckingham Strategic Partners | 23,689 | $1.07M | 0.01% | +812+3.5% | Added |
| Creative Planning | 24,038 | $1.08M | 0.00% | +3,067+14.6% | Added |
| Cerity Partners LLC | 24,079 | $1.08M | 0.00% | +2,300+10.6% | Added |
| Rhumbline Advisers | 24,652 | $1.11M | 0.00% | −971−3.8% | Reduced |
| Ieq Capital, LLC | 25,793 | $1.16M | 0.00% | +12,631+96.0% | Added |
| Jane Street Group, LLC | 26,894 | $1.21M | 0.00% | +16,373+155.6% | Added |
| Invesco Ltd. | 28,061 | $1.26M | 0.00% | −4,163−12.9% | Reduced |
| Advisor Group Holdings, Inc. | 28,198 | $1.27M | 0.00% | +26,188+1,302.9% | Added |
| Royal Bank of Canada | 29,581 | $1.33M | 0.00% | −30,430−50.7% | Reduced |
| Barclays PLC | 29,615 | $1.33M | 0.00% | −9,846−25.0% | Reduced |
| Swiss National Bank | 29,900 | $1.35M | 0.00% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 32,640 | $1.47M | 0.01% | −2,435−6.9% | Reduced |
| LaFleur & Godfrey LLC | 32,866 | $1.48M | 0.18% | −2,430−6.9% | Reduced |
| Bank of America Corp | 33,669 | $1.52M | 0.00% | +3,580+11.9% | Added |
| Brandywine Global Investment Management, LLC | 34,447 | $1.55M | 0.01% | −1,300−3.6% | Reduced |
| UBS Group AG | 34,534 | $1.55M | 0.00% | +13,095+61.1% | Added |
| Wells Fargo & Company | 40,614 | $1.83M | 0.00% | +1,111+2.8% | Added |
| Raymond James Financial Inc | 44,455 | $2.00M | 0.00% | +9,179+26.0% | Added |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $2.02M | 1.95% | 00.0% | Unchanged |
| Tudor Investment Corp Et Al | 46,415 | $2.09M | 0.01% | −5,557−10.7% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 56,653 | $2.55M | 0.01% | +255+0.5% | Added |
| Nuveen, LLC | 57,470 | $2.59M | 0.00% | −11,430−16.6% | Reduced |
| jvl associates llc | 61,927 | $2.79M | 0.92% | −290.0% | Reduced |
| Ameriprise Financial Inc | 63,393 | $2.85M | 0.00% | −6,689−9.5% | Reduced |
| Empowered Funds, LLC | 65,864 | $2.96M | 0.03% | +5,522+9.2% | Added |
| Envestnet Asset Management Inc | 67,839 | $3.05M | 0.00% | −11,192−14.2% | Reduced |
| Arrowstreet Capital, Limited Partnership | 71,576 | $3.22M | 0.00% | 00.0% | Unchanged |
| Qube Research & Technologies Ltd | 73,466 | $3.31M | 0.00% | +21,271+40.8% | Added |
| De Lisle Partners LLP | 74,290 | $3.35M | 0.41% | 00.0% | Unchanged |
| Two Sigma Investments, LP | 77,989 | $3.51M | 0.01% | +40,824+109.8% | Added |
| Maltese Capital Management LLC | 82,000 | $3.69M | 0.56% | −18,000−18.0% | Reduced |
| Millennium Management LLC | 82,607 | $3.72M | 0.00% | −65,403−44.2% | Reduced |
| Bank of New York Mellon Corp | 96,289 | $4.33M | 0.00% | +777+0.8% | Added |
| Goldman Sachs Group Inc | 107,750 | $4.85M | 0.00% | +26,371+32.4% | Added |
| Mercer Global Advisors Inc | 110,593 | $4.98M | 0.01% | +4,200+3.9% | Added |
| Bridgeway Capital Management, LLC | 113,164 | $5.09M | 0.11% | +5,522+5.1% | Added |
| ProShare Advisors LLC | 130,438 | $5.87M | 0.01% | −8,042−5.8% | Reduced |
| Charles Schwab Investment Management Inc | 133,362 | $6.00M | 0.00% | +511+0.4% | Added |
| Banc Funds Co LLC | 160,252 | $7.21M | 1.26% | −34,900−17.9% | Reduced |
| Morgan Stanley | 168,041 | $7.56M | 0.00% | +54,264+47.7% | Added |
| Northern Trust Corp | 173,984 | $7.83M | 0.00% | −2,552−1.4% | Reduced |
| AQR Capital Management LLC | 181,511 | $8.17M | 0.01% | +71,993+65.7% | Added |
| Hotchkis & Wiley Capital Management LLC | 201,713 | $9.08M | 0.03% | +54,373+36.9% | Added |
| JPMorgan Chase & Co | 214,647 | $9.66M | 0.00% | +58,743+37.7% | Added |
| Tributary Capital Management, LLC | 248,701 | $11.2M | 1.01% | −9,508−3.7% | Reduced |
| LSV Asset Management | 300,286 | $13.5M | 0.03% | −17,900−5.6% | Reduced |
| North Star Asset Management Inc | 355,340 | $16.0M | 0.65% | −1,198−0.3% | Reduced |
| Geode Capital Management, LLC | 412,198 | $18.6M | 0.00% | +6,335+1.6% | Added |
| State Street Corp | 470,722 | $21.2M | 0.00% | +41,138+9.6% | Added |
| Renaissance Technologies LLC | 490,413 | $22.1M | 0.03% | +5,100+1.1% | Added |
| American Century Companies Inc | 494,367 | $22.2M | 0.01% | +41,540+9.2% | Added |
| Vanguard Group Inc | 1,038,965 | $46.8M | 0.00% | −3940.0% | Reduced |
| Dimensional Fund Advisors LP | 1,048,346 | $47.2M | 0.01% | −14,416−1.4% | Reduced |
| BlackRock, Inc. | 1,432,075 | $64.4M | 0.00% | −75,356−5.0% | Reduced |