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 2025
Institutional positions in Mercantile Bank Corp as of Dec 31, 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
- 192
- −4 vs. Q3 2025
- Shares held
- 10.7M
- +95.5K (+0.9%) vs. Q3 2025
- Total value
- $514.8M
- +$37.4M (+7.8%) vs. Q3 2025
- New holders
- 17
- 60 more added
- Sold out
- 21
- 83 more reduced
4 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Mercantile Bank Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,438,885 | $69.2M | 0.00% | +6,810+0.5% | Added |
| Vanguard Group Inc | 1,066,368 | $51.3M | 0.00% | +27,403+2.6% | Added |
| Dimensional Fund Advisors LP | 1,031,485 | $49.6M | 0.01% | −16,861−1.6% | Reduced |
| American Century Companies Inc | 517,904 | $24.9M | 0.01% | +23,537+4.8% | Added |
| Renaissance Technologies LLC | 496,213 | $23.9M | 0.04% | +5,800+1.2% | Added |
| State Street Corp | 447,016 | $21.5M | 0.00% | −23,706−5.0% | Reduced |
| Geode Capital Management, LLC | 402,616 | $19.4M | 0.00% | −9,582−2.3% | Reduced |
| North Star Asset Management Inc | 374,544 | $18.0M | 0.73% | +19,204+5.4% | Added |
| LSV Asset Management | 295,086 | $14.2M | 0.03% | −5,200−1.7% | Reduced |
| Wellington Management Group LLP | 294,813 | $14.2M | 0.00% | +294,813 | New |
| Tributary Capital Management, LLC | 231,259 | $11.1M | 1.10% | −17,442−7.0% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 202,623 | $9.75M | 0.03% | +910+0.5% | Added |
| JPMorgan Chase & Co | 195,038 | $9.38M | 0.00% | −19,609−9.1% | Reduced |
| Northern Trust Corp | 166,998 | $8.03M | 0.00% | −6,986−4.0% | Reduced |
| Morgan Stanley | 159,614 | $7.68M | 0.00% | −8,427−5.0% | Reduced |
| AQR Capital Management LLC | 159,564 | $7.68M | 0.00% | −21,947−12.1% | Reduced |
| Goldman Sachs Group Inc | 133,499 | $6.42M | 0.00% | +25,749+23.9% | Added |
| Charles Schwab Investment Management Inc | 133,288 | $6.41M | 0.00% | −74−0.1% | Reduced |
| Banc Funds Co LLC | 130,841 | $6.29M | 1.25% | −29,411−18.4% | Reduced |
| ProShare Advisors LLC | 130,082 | $6.26M | 0.01% | −356−0.3% | Reduced |
| Two Sigma Investments, LP | 120,177 | $5.78M | 0.01% | +42,188+54.1% | Added |
| Bridgeway Capital Management, LLC | 120,133 | $5.78M | 0.12% | +6,969+6.2% | Added |
| Mercer Global Advisors Inc | 109,572 | $5.27M | 0.01% | −1,021−0.9% | Reduced |
| Bank of New York Mellon Corp | 92,841 | $4.47M | 0.00% | −3,448−3.6% | Reduced |
| Siena Capital Partners GP, LLC | 83,966 | $4.04M | 1.08% | +63,966+319.8% | Added |
| De Lisle Partners LLP | 75,649 | $3.64M | 0.47% | +1,359+1.8% | Added |
| Qube Research & Technologies Ltd | 72,959 | $3.51M | 0.01% | −507−0.7% | Reduced |
| Arrowstreet Capital, Limited Partnership | 71,576 | $3.44M | 0.00% | 00.0% | Unchanged |
| Ameriprise Financial Inc | 63,769 | $3.07M | 0.00% | +376+0.6% | Added |
| Envestnet Asset Management Inc | 63,004 | $3.03M | 0.00% | −4,835−7.1% | Reduced |
| jvl associates llc | 60,169 | $2.89M | 0.94% | −1,758−2.8% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 52,764 | $2.54M | 0.01% | −3,889−6.9% | Reduced |
| Elizabeth Park Capital Advisors, Ltd. | 50,971 | $2.45M | 2.02% | +50,971 | New |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $2.16M | 2.01% | 00.0% | Unchanged |
| Raymond James Financial Inc | 44,715 | $2.15M | 0.00% | +260+0.6% | Added |
| Wells Fargo & Company | 44,288 | $2.13M | 0.00% | +3,674+9.0% | Added |
| Barclays PLC | 42,713 | $2.05M | 0.00% | +13,098+44.2% | Added |
| Two Sigma Advisers, LP | 40,884 | $1.97M | 0.00% | +21,500+110.9% | Added |
| Citadel Advisors LLC | 36,734 | $1.77M | 0.00% | +36,734 | New |
| Creative Planning | 34,443 | $1.66M | 0.00% | +10,405+43.3% | Added |
| Brandywine Global Investment Management, LLC | 33,147 | $1.59M | 0.01% | −1,300−3.8% | Reduced |
| Nuveen, LLC | 30,703 | $1.48M | 0.00% | −26,767−46.6% | Reduced |
| Swiss National Bank | 30,400 | $1.46M | 0.00% | +500+1.7% | Added |
| LaFleur & Godfrey LLC | 29,233 | $1.41M | 0.17% | −3,633−11.1% | Reduced |
| Royal Bank of Canada | 29,140 | $1.40M | 0.00% | −441−1.5% | Reduced |
| Marshall Wace, LLP | 28,415 | $1.37M | 0.00% | +13,233+87.2% | Added |
| UBS Group AG | 28,096 | $1.35M | 0.00% | −6,438−18.6% | Reduced |
| Bank of America Corp | 28,076 | $1.35M | 0.00% | −5,593−16.6% | Reduced |
| Advisor Group Holdings, Inc. | 24,825 | $1.19M | 0.00% | −3,373−12.0% | Reduced |
| Millennium Management LLC | 23,711 | $1.14M | 0.00% | −58,896−71.3% | Reduced |
| Buckingham Strategic Partners | 23,616 | $1.14M | 0.01% | −73−0.3% | Reduced |
| UBS Asset Management Americas Inc | 23,548 | $1.13M | 0.00% | +208+0.9% | Added |
| Invesco Ltd. | 23,411 | $1.13M | 0.00% | −4,650−16.6% | Reduced |
| Tudor Investment Corp Et Al | 23,319 | $1.12M | 0.01% | −23,096−49.8% | Reduced |
| Credit Agricole S A | 22,442 | $1.08M | 0.00% | 00.0% | Unchanged |
| Wakefield Asset Management LLLP | 22,418 | $1.08M | 0.29% | −212−0.9% | Reduced |
| Cerity Partners LLC | 22,405 | $1.08M | 0.00% | −1,674−7.0% | Reduced |
| Alliancebernstein L.P. | 21,545 | $1.04M | 0.00% | 00.0% | Unchanged |
| Rhumbline Advisers | 20,860 | $1.00M | 0.00% | −3,792−15.4% | Reduced |
| Franklin Resources Inc | 19,992 | $961.6K | 0.00% | +640+3.3% | Added |
| Thrivent Financial for Lutherans | 19,225 | $924.0K | 0.00% | +3,096+19.2% | Added |
| Quantinno Capital Management LP | 19,193 | $923.2K | 0.00% | +1,360+7.6% | Added |
| Ieq Capital, LLC | 19,136 | $920.4K | 0.00% | −6,657−25.8% | Reduced |
| Victory Capital Management Inc | 18,780 | $903.3K | 0.00% | +699+3.9% | Added |
| Pathstone Holdings, LLC | 18,689 | $899.0K | 0.00% | −13,951−42.7% | Reduced |
| Bailard, Inc. | 18,501 | $889.9K | 0.02% | +1,500+8.8% | Added |
| Round Hill Asset Management | 18,238 | $877.2K | 0.55% | −369−2.0% | Reduced |
| Wedge Capital Management L L P | 17,954 | $863.6K | 0.02% | +256+1.4% | Added |
| HSBC Holdings PLC | 17,959 | $861.1K | 0.00% | +11,381+173.0% | Added |
| Legal & General Group Plc | 17,821 | $857.2K | 0.00% | −41−0.2% | Reduced |
| Baird Financial Group, Inc. | 17,656 | $849.3K | 0.00% | +101+0.6% | Added |
| Lazard Asset Management LLC | 16,542 | $795.7K | 0.00% | +451+2.8% | Added |
| Panagora Asset Management Inc | 16,034 | $771.2K | 0.00% | +4,413+38.0% | Added |
| Chicago Trust Co NA | 15,591 | $749.9K | 0.12% | 00.0% | Unchanged |
| California State Teachers Retirement System | 15,439 | $742.6K | 0.00% | +1,238+8.7% | Added |
| Y-Intercept (Hong Kong) Ltd | 14,404 | $692.8K | 0.02% | +14,404 | New |
| LPL Financial LLC | 14,170 | $681.6K | 0.00% | −965−6.4% | Reduced |
| LVM Capital Management Ltd | 13,977 | $672.0K | 0.06% | −601−4.1% | Reduced |
| Man Group plc | 13,544 | $651.5K | 0.00% | −1,684−11.1% | Reduced |
| STRS Ohio | 13,300 | $639.7K | 0.00% | 00.0% | Unchanged |
| Teacher Retirement System of Texas | 12,508 | $601.6K | 0.00% | −3,376−21.3% | Reduced |
| Voleon Capital Management LP | 12,410 | $596.9K | 0.01% | +1,799+17.0% | Added |
| Allianz Asset Management GmbH | 12,332 | $593.2K | 0.00% | 00.0% | Unchanged |
| Daytona Street Capital LLC | 12,254 | $589.4K | 0.46% | +12,254 | New |
| Canada Pension Plan Investment Board | 11,900 | $572.4K | 0.00% | +11,900 | New |
| Jacobs Levy Equity Management, Inc | 11,898 | $572.3K | 0.00% | −1,433−10.7% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 11,793 | $567.2K | 0.02% | −4,029−25.5% | Reduced |
| Shakespeare Wealth Management, Inc. | 11,574 | $556.7K | 0.12% | 00.0% | Unchanged |
| CWM, LLC | 11,238 | $541.0K | 0.00% | −1,155−9.3% | Reduced |
| FMR LLC | 10,991 | $528.7K | 0.00% | +2,192+24.9% | Added |
| Strategies Wealth Advisors, LLC | 10,970 | $527.7K | 0.05% | +21+0.2% | Added |
| Federated Hermes, Inc. | 10,622 | $510.9K | 0.00% | +3,028+39.9% | Added |
| Regal Investment Advisors LLC | 10,560 | $507.9K | 0.03% | −2,940−21.8% | Reduced |
| Natixis Advisors, L.P. | 10,329 | $497.0K | 0.00% | +246+2.4% | Added |
| Janney Montgomery Scott LLC | 10,037 | $483.0K | 0.00% | −97−1.0% | Reduced |
| CWM Advisors, LLC | 9,715 | $467.3K | 0.04% | −353−3.5% | Reduced |
| Azimuth Capital Investment Management LLC | 9,189 | $442.0K | 0.02% | 00.0% | Unchanged |
| MetLife Investment Management | 9,078 | $436.7K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 9,069 | $436.2K | 0.00% | −1,021−10.1% | Reduced |
| Price T Rowe Associates Inc | 9,036 | $435.0K | 0.00% | +662+7.9% | Added |