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 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 | $691.0M |
| 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 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 |
|---|---|---|---|---|---|
| TFC Financial Management | 1 | $49 | 0.00% | 00.0% | Unchanged |
| Sunbelt Securities, Inc. | 2 | $96 | 0.00% | +1+100.0% | Added |
| Clearstead Advisors, LLC | 2 | $97 | 0.00% | −155−98.7% | Reduced |
| SJS Investment Consulting Inc. | 3 | $145 | 0.00% | +3 | New |
| Smartleaf Asset Management LLC | 5 | $240 | 0.00% | 00.0% | Unchanged |
| Aster Capital Management (DIFC) Ltd | 6 | $289 | 0.00% | −51−89.5% | Reduced |
| Massmutual Trust Co FSB | 12 | $577 | 0.00% | 00.0% | Unchanged |
| Covestor Ltd | 15 | $1.00K | 0.00% | +3+25.0% | Added |
| UMA Financial Services, Inc. | 34 | $1.64K | 0.00% | +34 | New |
| MAI Capital Management | 38 | $1.83K | 0.00% | +10+35.7% | Added |
| Rothschild Investment LLC | 55 | $2.65K | 0.00% | +12+27.9% | Added |
| Simplex Trading, LLC | 57 | $2.74K | 0.00% | +57 | New |
| Global Retirement Partners, LLC | 58 | $2.79K | 0.00% | 00.0% | Unchanged |
| GWM Advisors LLC | 62 | $2.98K | 0.00% | 00.0% | Unchanged |
| Eurizon Capital SGR S.p.A. | 68 | $3.27K | 0.00% | +68 | New |
| Parallel Advisors, LLC | 73 | $3.51K | 0.00% | −14−16.1% | Reduced |
| True Wealth Design, LLC | 91 | $4.38K | 0.00% | −5−5.2% | Reduced |
| SRS Capital Advisors, Inc. | 108 | $5.20K | 0.00% | −8,660−98.8% | Reduced |
| Optiver Holding B.V. | 120 | $5.77K | 0.00% | +26+27.7% | Added |
| GAMMA Investing LLC | 168 | $8.08K | 0.00% | −75−30.9% | Reduced |
| Signaturefd, LLC | 171 | $8.22K | 0.00% | +87+103.6% | Added |
| Ronald Blue Trust, Inc. | 194 | $9.33K | 0.00% | +1+0.5% | Added |
| Allworth Financial LP | 215 | $10.3K | 0.00% | −28−11.5% | Reduced |
| Versant Capital Management, Inc | 243 | $11.7K | 0.00% | −228−48.4% | Reduced |
| Umb Bank N A | 253 | $12.2K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 263 | $12.7K | 0.00% | +62+30.8% | Added |
| Center for Financial Planning, Inc. | 283 | $13.6K | 0.00% | 00.0% | Unchanged |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 338 | $16.0K | 0.00% | +105+45.1% | Added |
| Aquatic Capital Management LLC | 339 | $16.3K | 0.00% | −2,896−89.5% | Reduced |
| Tower Research Capital LLC (TRC) | 357 | $17.2K | 0.00% | −141−28.3% | Reduced |
| Trust Co of Toledo NA | 403 | $19.4K | 0.00% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 403 | $19.4K | 0.00% | −49−10.8% | Reduced |
| IFP Advisors, Inc | 441 | $21.2K | 0.00% | +53+13.7% | Added |
| Amalgamated Bank | 499 | $24.0K | 0.00% | −29−5.5% | Reduced |
| Kestra Advisory Services, LLC | 543 | $26.1K | 0.00% | +543 | New |
| State of Alaska, Department of Revenue | 651 | $31.0K | 0.00% | 00.0% | Unchanged |
| Essential Partners LLC | 750 | $36.1K | 0.01% | −160−17.6% | Reduced |
| Fifth Third Bancorp | 755 | $36.3K | 0.00% | 00.0% | Unchanged |
| Jones Financial Companies LLLP | 838 | $40.3K | 0.00% | 00.0% | Unchanged |
| Quadrant Capital Group LLC | 891 | $42.9K | 0.00% | +347+63.8% | Added |
| The PNC Financial Services Group, Inc. | 1,295 | $62.3K | 0.00% | −99−7.1% | Reduced |
| Ameritas Investment Partners, Inc. | 1,327 | $63.8K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 1,860 | $89.5K | 0.00% | −105−5.3% | Reduced |
| Farther Finance Advisors, LLC | 2,100 | $101.0K | 0.00% | +59+2.9% | Added |
| EMC Capital Management | 2,813 | $135.0K | 0.06% | −496−15.0% | Reduced |
| US Bancorp | 2,909 | $139.9K | 0.00% | −1,064−26.8% | Reduced |
| Great West Life Assurance Co | 3,043 | $146.0K | 0.00% | +24+0.8% | Added |
| Public Employees Retirement System of Ohio | 3,104 | $149.3K | 0.00% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 3,107 | $149.4K | 0.00% | 00.0% | Unchanged |
| KLP Kapitalforvaltning AS | 3,300 | $158.7K | 0.00% | +300+10.0% | Added |
| Huntington National Bank | 3,997 | $192.3K | 0.00% | 00.0% | Unchanged |
| Engineers Gate Manager LP | 4,264 | $205.1K | 0.00% | −6,994−62.1% | Reduced |
| Arizona State Retirement System | 4,289 | $206.3K | 0.00% | −260−5.7% | Reduced |
| DGS Capital Management, LLC | 4,377 | $210.5K | 0.04% | +4,377 | New |
| State Board of Administration of Florida Retirement System | 4,400 | $211.6K | 0.00% | +4,400 | New |
| DekaBank Deutsche Girozentrale | 5,407 | $212.0K | 0.00% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 4,537 | $218.2K | 0.00% | 00.0% | Unchanged |
| MML Investors Services, LLC | 4,658 | $224.1K | 0.00% | +186+4.2% | Added |
| New York State Common Retirement Fund | 4,732 | $227.6K | 0.00% | 00.0% | Unchanged |
| 626 Financial, LLC | 4,876 | $234.5K | 0.10% | 00.0% | Unchanged |
| Manufacturers Life Insurance Company, The | 4,943 | $237.8K | 0.00% | −614−11.0% | Reduced |
| Quest Partners LLC | 5,200 | $250.1K | 0.01% | −494−8.7% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 5,366 | $258.1K | 0.00% | +42+0.8% | Added |
| Prudential Financial Inc | 5,405 | $260.0K | 0.00% | −1,096−16.9% | Reduced |
| EP Wealth Advisors, LLC | 5,554 | $267.1K | 0.00% | +5,554 | New |
| Blue Water Asset Management | 5,591 | $268.9K | 0.10% | +5,591 | New |
| Abacus Wealth Partners, LLC | 6,079 | $292.4K | 0.03% | +6,079 | New |
| Intech Investment Management LLC | 6,181 | $297.3K | 0.00% | −1,358−18.0% | Reduced |
| SG Americas Securities, LLC | 6,190 | $298.0K | 0.00% | −1,089−15.0% | Reduced |
| HighTower Advisors, LLC | 6,343 | $305.1K | 0.00% | −30−0.5% | Reduced |
| Mackenzie Financial Corp | 6,410 | $307.1K | 0.00% | +6,410 | New |
| First Trust Advisors LP | 6,493 | $312.3K | 0.00% | −2,539−28.1% | Reduced |
| Mariner, LLC | 6,577 | $316.3K | 0.00% | +576+9.6% | Added |
| Stifel Financial Corp | 6,618 | $318.3K | 0.00% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 6,739 | $324.2K | 0.00% | 00.0% | Unchanged |
| West Michigan Advisors, LLC | 6,887 | $331.3K | 0.08% | +1,000+17.0% | Added |
| Zacks Investment Management | 6,939 | $333.8K | 0.00% | −512−6.9% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 7,125 | $347.4K | 0.00% | −425−5.6% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 7,397 | $355.8K | 0.00% | +16+0.2% | Added |
| Allspring Global Investments Holdings, LLC | 7,498 | $360.7K | 0.00% | −2,770−27.0% | Reduced |
| BNP Paribas Arbitrage, SA | 7,506 | $361.0K | 0.00% | +1,099+17.2% | Added |
| First National Bank of Omaha | 7,577 | $364.5K | 0.01% | −164−2.1% | Reduced |
| Russell Investments Group, Ltd. | 8,149 | $392.0K | 0.00% | +300+3.8% | Added |
| SEI Investments Co | 8,207 | $394.8K | 0.00% | 00.0% | Unchanged |
| Comerica Bank | 8,345 | $401.4K | 0.00% | +183+2.2% | Added |
| Los Angeles Capital Management LLC | 9,179 | $402.2K | 0.00% | −2,200−19.3% | Reduced |
| State of Wisconsin Investment Board | 8,620 | $414.6K | 0.00% | +2,047+31.1% | Added |
| Rafferty Asset Management, LLC | 8,637 | $415.4K | 0.00% | −4,774−35.6% | Reduced |
| Gsa Capital Partners LLP | 8,688 | $418.0K | 0.04% | −648−6.9% | Reduced |
| Deutsche Bank AG | 8,750 | $420.9K | 0.00% | −6,465−42.5% | Reduced |
| Susquehanna Portfolio Strategies, LLC | 8,811 | $423.8K | 0.01% | −300−3.3% | Reduced |
| Sterling Capital Management LLC | 8,915 | $428.8K | 0.01% | −180−2.0% | Reduced |
| Price T Rowe Associates Inc | 9,036 | $435.0K | 0.00% | +662+7.9% | Added |
| Citigroup Inc | 9,069 | $436.2K | 0.00% | −1,021−10.1% | Reduced |
| MetLife Investment Management | 9,078 | $436.7K | 0.00% | 00.0% | Unchanged |
| Azimuth Capital Investment Management LLC | 9,189 | $442.0K | 0.02% | 00.0% | Unchanged |
| CWM Advisors, LLC | 9,715 | $467.3K | 0.04% | −353−3.5% | Reduced |
| Janney Montgomery Scott LLC | 10,037 | $483.0K | 0.00% | −97−1.0% | Reduced |
| Natixis Advisors, L.P. | 10,329 | $497.0K | 0.00% | +246+2.4% | Added |
| Regal Investment Advisors LLC | 10,560 | $507.9K | 0.03% | −2,940−21.8% | Reduced |