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 |
|---|---|---|---|---|---|
| Federated Hermes, Inc. | 10,622 | $510.9K | 0.00% | +3,028+39.9% | Added |
| Strategies Wealth Advisors, LLC | 10,970 | $527.7K | 0.05% | +21+0.2% | Added |
| FMR LLC | 10,991 | $528.7K | 0.00% | +2,192+24.9% | Added |
| CWM, LLC | 11,238 | $541.0K | 0.00% | −1,155−9.3% | Reduced |
| Shakespeare Wealth Management, Inc. | 11,574 | $556.7K | 0.12% | 00.0% | Unchanged |
| Hennion & Walsh Asset Management, Inc. | 11,793 | $567.2K | 0.02% | −4,029−25.5% | Reduced |
| Jacobs Levy Equity Management, Inc | 11,898 | $572.3K | 0.00% | −1,433−10.7% | Reduced |
| Canada Pension Plan Investment Board | 11,900 | $572.4K | 0.00% | +11,900 | New |
| Daytona Street Capital LLC | 12,254 | $589.4K | 0.48% | +12,254 | New |
| Allianz Asset Management GmbH | 12,332 | $593.2K | 0.00% | 00.0% | Unchanged |
| Voleon Capital Management LP | 12,410 | $596.9K | 0.01% | +1,799+17.0% | Added |
| Teacher Retirement System of Texas | 12,508 | $601.6K | 0.00% | −3,376−21.3% | Reduced |
| STRS Ohio | 13,300 | $639.7K | 0.00% | 00.0% | Unchanged |
| Man Group plc | 13,544 | $651.5K | 0.00% | −1,684−11.1% | Reduced |
| LVM Capital Management Ltd | 13,977 | $672.0K | 0.06% | −601−4.1% | Reduced |
| LPL Financial LLC | 14,170 | $681.6K | 0.00% | −965−6.4% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 14,404 | $692.8K | 0.02% | +14,404 | New |
| California State Teachers Retirement System | 15,439 | $742.6K | 0.00% | +1,238+8.7% | Added |
| Chicago Trust Co NA | 15,591 | $749.9K | 0.12% | 00.0% | Unchanged |
| Panagora Asset Management Inc | 16,034 | $771.2K | 0.00% | +4,413+38.0% | Added |
| Lazard Asset Management LLC | 16,542 | $795.7K | 0.00% | +451+2.8% | Added |
| Baird Financial Group, Inc. | 17,656 | $849.3K | 0.00% | +101+0.6% | Added |
| Legal & General Group Plc | 17,821 | $857.2K | 0.00% | −41−0.2% | Reduced |
| HSBC Holdings PLC | 17,959 | $861.1K | 0.00% | +11,381+173.0% | Added |
| Wedge Capital Management L L P | 17,954 | $863.6K | 0.02% | +256+1.4% | Added |
| Round Hill Asset Management | 18,238 | $877.2K | 0.55% | −369−2.0% | Reduced |
| Bailard, Inc. | 18,501 | $889.9K | 0.02% | +1,500+8.8% | Added |
| Pathstone Holdings, LLC | 18,689 | $899.0K | 0.00% | −13,951−42.7% | Reduced |
| Victory Capital Management Inc | 18,780 | $903.3K | 0.00% | +699+3.9% | Added |
| Ieq Capital, LLC | 19,136 | $920.4K | 0.00% | −6,657−25.8% | Reduced |
| Quantinno Capital Management LP | 19,193 | $923.2K | 0.00% | +1,360+7.6% | Added |
| Thrivent Financial for Lutherans | 19,225 | $924.0K | 0.00% | +3,096+19.2% | Added |
| Franklin Resources Inc | 19,992 | $961.6K | 0.00% | +640+3.3% | Added |
| Rhumbline Advisers | 20,860 | $1.00M | 0.00% | −3,792−15.4% | Reduced |
| Alliancebernstein L.P. | 21,545 | $1.04M | 0.00% | 00.0% | Unchanged |
| Cerity Partners LLC | 22,405 | $1.08M | 0.00% | −1,674−7.0% | Reduced |
| Wakefield Asset Management LLLP | 22,418 | $1.08M | 0.29% | −212−0.9% | Reduced |
| Credit Agricole S A | 22,442 | $1.08M | 0.00% | 00.0% | Unchanged |
| Tudor Investment Corp Et Al | 23,319 | $1.12M | 0.01% | −23,096−49.8% | Reduced |
| Invesco Ltd. | 23,411 | $1.13M | 0.00% | −4,650−16.6% | Reduced |
| UBS Asset Management Americas Inc | 23,548 | $1.13M | 0.00% | +208+0.9% | Added |
| Buckingham Strategic Partners | 23,616 | $1.14M | 0.01% | −73−0.3% | Reduced |
| Millennium Management LLC | 23,711 | $1.14M | 0.00% | −58,896−71.3% | Reduced |
| Advisor Group Holdings, Inc. | 24,825 | $1.19M | 0.00% | −3,373−12.0% | Reduced |
| Bank of America Corp | 28,076 | $1.35M | 0.00% | −5,593−16.6% | Reduced |
| UBS Group AG | 28,096 | $1.35M | 0.00% | −6,438−18.6% | Reduced |
| Marshall Wace, LLP | 28,415 | $1.37M | 0.00% | +13,233+87.2% | Added |
| Royal Bank of Canada | 29,140 | $1.40M | 0.00% | −441−1.5% | Reduced |
| LaFleur & Godfrey LLC | 29,233 | $1.41M | 0.17% | −3,633−11.1% | Reduced |
| Swiss National Bank | 30,400 | $1.46M | 0.00% | +500+1.7% | Added |
| Nuveen, LLC | 30,703 | $1.48M | 0.00% | −26,767−46.6% | Reduced |
| Brandywine Global Investment Management, LLC | 33,147 | $1.59M | 0.01% | −1,300−3.8% | Reduced |
| Creative Planning | 34,443 | $1.66M | 0.00% | +10,405+43.3% | Added |
| Citadel Advisors LLC | 36,734 | $1.77M | 0.00% | +36,734 | New |
| Two Sigma Advisers, LP | 40,884 | $1.97M | 0.00% | +21,500+110.9% | Added |
| Barclays PLC | 42,713 | $2.05M | 0.00% | +13,098+44.2% | Added |
| Wells Fargo & Company | 44,288 | $2.13M | 0.00% | +3,674+9.0% | Added |
| Raymond James Financial Inc | 44,715 | $2.15M | 0.00% | +260+0.6% | Added |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $2.16M | 2.01% | 00.0% | Unchanged |
| Elizabeth Park Capital Advisors, Ltd. | 50,971 | $2.45M | 2.02% | +50,971 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 52,764 | $2.54M | 0.01% | −3,889−6.9% | Reduced |
| jvl associates llc | 60,169 | $2.89M | 0.94% | −1,758−2.8% | Reduced |
| Envestnet Asset Management Inc | 63,004 | $3.03M | 0.00% | −4,835−7.1% | Reduced |
| Ameriprise Financial Inc | 63,769 | $3.07M | 0.00% | +376+0.6% | Added |
| Arrowstreet Capital, Limited Partnership | 71,576 | $3.44M | 0.00% | 00.0% | Unchanged |
| Qube Research & Technologies Ltd | 72,959 | $3.51M | 0.01% | −507−0.7% | Reduced |
| De Lisle Partners LLP | 75,649 | $3.64M | 0.47% | +1,359+1.8% | Added |
| Siena Capital Partners GP, LLC | 83,966 | $4.04M | 1.08% | +63,966+319.8% | Added |
| Bank of New York Mellon Corp | 92,841 | $4.47M | 0.00% | −3,448−3.6% | Reduced |
| Mercer Global Advisors Inc | 109,572 | $5.27M | 0.01% | −1,021−0.9% | Reduced |
| Bridgeway Capital Management, LLC | 120,133 | $5.78M | 0.12% | +6,969+6.2% | Added |
| Two Sigma Investments, LP | 120,177 | $5.78M | 0.01% | +42,188+54.1% | Added |
| ProShare Advisors LLC | 130,082 | $6.26M | 0.01% | −356−0.3% | Reduced |
| Banc Funds Co LLC | 130,841 | $6.29M | 1.25% | −29,411−18.4% | Reduced |
| Charles Schwab Investment Management Inc | 133,288 | $6.41M | 0.00% | −74−0.1% | Reduced |
| Goldman Sachs Group Inc | 133,499 | $6.42M | 0.00% | +25,749+23.9% | Added |
| AQR Capital Management LLC | 159,564 | $7.68M | 0.00% | −21,947−12.1% | Reduced |
| Morgan Stanley | 159,614 | $7.68M | 0.00% | −8,427−5.0% | Reduced |
| Northern Trust Corp | 166,998 | $8.03M | 0.00% | −6,986−4.0% | Reduced |
| JPMorgan Chase & Co | 195,038 | $9.38M | 0.00% | −19,609−9.1% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 202,623 | $9.75M | 0.03% | +910+0.5% | Added |
| Tributary Capital Management, LLC | 231,259 | $11.1M | 1.10% | −17,442−7.0% | Reduced |
| Wellington Management Group LLP | 294,813 | $14.2M | 0.00% | +294,813 | New |
| LSV Asset Management | 295,086 | $14.2M | 0.03% | −5,200−1.7% | Reduced |
| North Star Asset Management Inc | 374,544 | $18.0M | 0.73% | +19,204+5.4% | Added |
| Geode Capital Management, LLC | 402,616 | $19.4M | 0.00% | −9,582−2.3% | Reduced |
| State Street Corp | 447,016 | $21.5M | 0.00% | −23,706−5.0% | Reduced |
| Renaissance Technologies LLC | 496,213 | $23.9M | 0.04% | +5,800+1.2% | Added |
| American Century Companies Inc | 517,904 | $24.9M | 0.01% | +23,537+4.8% | Added |
| Dimensional Fund Advisors LP | 1,031,485 | $49.6M | 0.01% | −16,861−1.6% | Reduced |
| Vanguard Group Inc | 1,066,368 | $51.3M | 0.00% | +27,403+2.6% | Added |
| BlackRock, Inc. | 1,438,885 | $69.2M | 0.00% | +6,810+0.5% | Added |
| Maltese Capital Management LLC | 0 | $0 | 0.00% | −82,000−100.0% | Sold out |
| Empowered Funds, LLC | 0 | $0 | 0.00% | −65,864−100.0% | Sold out |
| Jane Street Group, LLC | 0 | $0 | 0.00% | −26,894−100.0% | Sold out |
| Trexquant Investment LP | 0 | $0 | 0.00% | −18,154−100.0% | Sold out |
| Dynamic Technology Lab Private Ltd | 0 | $0 | 0.00% | −15,034−100.0% | Sold out |
| ExodusPoint Capital Management, LP | 0 | $0 | 0.00% | −11,854−100.0% | Sold out |
| Semanteon Capital Management, LP | 0 | $0 | 0.00% | −9,858−100.0% | Sold out |
| Moneta Group Investment Advisors LLC | 0 | $0 | 0.00% | −9,640−100.0% | Sold out |