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 |
|---|---|---|---|---|---|
| Sterling Capital Management LLC | 8,915 | $428.8K | 0.01% | −180−2.0% | Reduced |
| Susquehanna Portfolio Strategies, LLC | 8,811 | $423.8K | 0.01% | −300−3.3% | Reduced |
| Deutsche Bank AG | 8,750 | $420.9K | 0.00% | −6,465−42.5% | Reduced |
| Gsa Capital Partners LLP | 8,688 | $418.0K | 0.04% | −648−6.9% | Reduced |
| Rafferty Asset Management, LLC | 8,637 | $415.4K | 0.00% | −4,774−35.6% | Reduced |
| State of Wisconsin Investment Board | 8,620 | $414.6K | 0.00% | +2,047+31.1% | Added |
| Los Angeles Capital Management LLC | 9,179 | $402.2K | 0.00% | −2,200−19.3% | Reduced |
| Comerica Bank | 8,345 | $401.4K | 0.00% | +183+2.2% | Added |
| SEI Investments Co | 8,207 | $394.8K | 0.00% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 8,149 | $392.0K | 0.00% | +300+3.8% | Added |
| First National Bank of Omaha | 7,577 | $364.5K | 0.01% | −164−2.1% | Reduced |
| BNP Paribas Arbitrage, SA | 7,506 | $361.0K | 0.00% | +1,099+17.2% | Added |
| Allspring Global Investments Holdings, LLC | 7,498 | $360.7K | 0.00% | −2,770−27.0% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 7,397 | $355.8K | 0.00% | +16+0.2% | Added |
| Wealth Enhancement Advisory Services, LLC | 7,125 | $347.4K | 0.00% | −425−5.6% | Reduced |
| Zacks Investment Management | 6,939 | $333.8K | 0.00% | −512−6.9% | Reduced |
| West Michigan Advisors, LLC | 6,887 | $331.3K | 0.08% | +1,000+17.0% | Added |
| Janus Henderson Group PLC | 6,739 | $324.2K | 0.00% | 00.0% | Unchanged |
| Stifel Financial Corp | 6,618 | $318.3K | 0.00% | 00.0% | Unchanged |
| Mariner, LLC | 6,577 | $316.3K | 0.00% | +576+9.6% | Added |
| First Trust Advisors LP | 6,493 | $312.3K | 0.00% | −2,539−28.1% | Reduced |
| Mackenzie Financial Corp | 6,410 | $307.1K | 0.00% | +6,410 | New |
| HighTower Advisors, LLC | 6,343 | $305.1K | 0.00% | −30−0.5% | Reduced |
| SG Americas Securities, LLC | 6,190 | $298.0K | 0.00% | −1,089−15.0% | Reduced |
| Intech Investment Management LLC | 6,181 | $297.3K | 0.00% | −1,358−18.0% | Reduced |
| Abacus Wealth Partners, LLC | 6,079 | $292.4K | 0.03% | +6,079 | New |
| Blue Water Asset Management | 5,591 | $268.9K | 0.10% | +5,591 | New |
| EP Wealth Advisors, LLC | 5,554 | $267.1K | 0.00% | +5,554 | New |
| Prudential Financial Inc | 5,405 | $260.0K | 0.00% | −1,096−16.9% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 5,366 | $258.1K | 0.00% | +42+0.8% | Added |
| Quest Partners LLC | 5,200 | $250.1K | 0.01% | −494−8.7% | Reduced |
| Manufacturers Life Insurance Company, The | 4,943 | $237.8K | 0.00% | −614−11.0% | Reduced |
| 626 Financial, LLC | 4,876 | $234.5K | 0.10% | 00.0% | Unchanged |
| New York State Common Retirement Fund | 4,732 | $227.6K | 0.00% | 00.0% | Unchanged |
| MML Investors Services, LLC | 4,658 | $224.1K | 0.00% | +186+4.2% | Added |
| Police & Firemen's Retirement System of New Jersey | 4,537 | $218.2K | 0.00% | 00.0% | Unchanged |
| DekaBank Deutsche Girozentrale | 5,407 | $212.0K | 0.00% | 00.0% | Unchanged |
| State Board of Administration of Florida Retirement System | 4,400 | $211.6K | 0.00% | +4,400 | New |
| DGS Capital Management, LLC | 4,377 | $210.5K | 0.04% | +4,377 | New |
| Arizona State Retirement System | 4,289 | $206.3K | 0.00% | −260−5.7% | Reduced |
| Engineers Gate Manager LP | 4,264 | $205.1K | 0.00% | −6,994−62.1% | Reduced |
| Huntington National Bank | 3,997 | $192.3K | 0.00% | 00.0% | Unchanged |
| KLP Kapitalforvaltning AS | 3,300 | $158.7K | 0.00% | +300+10.0% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 3,107 | $149.4K | 0.00% | 00.0% | Unchanged |
| Public Employees Retirement System of Ohio | 3,104 | $149.3K | 0.00% | 00.0% | Unchanged |
| Great West Life Assurance Co | 3,043 | $146.0K | 0.00% | +24+0.8% | Added |
| US Bancorp | 2,909 | $139.9K | 0.00% | −1,064−26.8% | Reduced |
| EMC Capital Management | 2,813 | $135.0K | 0.06% | −496−15.0% | Reduced |
| Farther Finance Advisors, LLC | 2,100 | $101.0K | 0.00% | +59+2.9% | Added |
| Nisa Investment Advisors, LLC | 1,860 | $89.5K | 0.00% | −105−5.3% | Reduced |
| Ameritas Investment Partners, Inc. | 1,327 | $63.8K | 0.00% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 1,295 | $62.3K | 0.00% | −99−7.1% | Reduced |
| Quadrant Capital Group LLC | 891 | $42.9K | 0.00% | +347+63.8% | Added |
| Jones Financial Companies LLLP | 838 | $40.3K | 0.00% | 00.0% | Unchanged |
| Fifth Third Bancorp | 755 | $36.3K | 0.00% | 00.0% | Unchanged |
| Essential Partners LLC | 750 | $36.1K | 0.01% | −160−17.6% | Reduced |
| State of Alaska, Department of Revenue | 651 | $31.0K | 0.00% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 543 | $26.1K | 0.00% | +543 | New |
| Amalgamated Bank | 499 | $24.0K | 0.00% | −29−5.5% | Reduced |
| IFP Advisors, Inc | 441 | $21.2K | 0.00% | +53+13.7% | Added |
| EverSource Wealth Advisors, LLC | 403 | $19.4K | 0.00% | −49−10.8% | Reduced |
| Trust Co of Toledo NA | 403 | $19.4K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 357 | $17.2K | 0.00% | −141−28.3% | Reduced |
| Aquatic Capital Management LLC | 339 | $16.3K | 0.00% | −2,896−89.5% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 338 | $16.0K | 0.00% | +105+45.1% | Added |
| Center for Financial Planning, Inc. | 283 | $13.6K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 263 | $12.7K | 0.00% | +62+30.8% | Added |
| Umb Bank N A | 253 | $12.2K | 0.00% | 00.0% | Unchanged |
| Versant Capital Management, Inc | 243 | $11.7K | 0.00% | −228−48.4% | Reduced |
| Allworth Financial LP | 215 | $10.3K | 0.00% | −28−11.5% | Reduced |
| Ronald Blue Trust, Inc. | 194 | $9.33K | 0.00% | +1+0.5% | Added |
| Signaturefd, LLC | 171 | $8.22K | 0.00% | +87+103.6% | Added |
| GAMMA Investing LLC | 168 | $8.08K | 0.00% | −75−30.9% | Reduced |
| Optiver Holding B.V. | 120 | $5.77K | 0.00% | +26+27.7% | Added |
| SRS Capital Advisors, Inc. | 108 | $5.20K | 0.00% | −8,660−98.8% | Reduced |
| True Wealth Design, LLC | 91 | $4.38K | 0.00% | −5−5.2% | Reduced |
| Parallel Advisors, LLC | 73 | $3.51K | 0.00% | −14−16.1% | Reduced |
| Eurizon Capital SGR S.p.A. | 68 | $3.27K | 0.00% | +68 | New |
| GWM Advisors LLC | 62 | $2.98K | 0.00% | 00.0% | Unchanged |
| Global Retirement Partners, LLC | 58 | $2.79K | 0.00% | 00.0% | Unchanged |
| Simplex Trading, LLC | 57 | $2.74K | 0.00% | +57 | New |
| Rothschild Investment LLC | 55 | $2.65K | 0.00% | +12+27.9% | Added |
| MAI Capital Management | 38 | $1.83K | 0.00% | +10+35.7% | Added |
| UMA Financial Services, Inc. | 34 | $1.64K | 0.00% | +34 | New |
| Covestor Ltd | 15 | $1.00K | 0.00% | +3+25.0% | Added |
| Massmutual Trust Co FSB | 12 | $577 | 0.00% | 00.0% | Unchanged |
| Aster Capital Management (DIFC) Ltd | 6 | $289 | 0.00% | −51−89.5% | Reduced |
| Smartleaf Asset Management LLC | 5 | $240 | 0.00% | 00.0% | Unchanged |
| SJS Investment Consulting Inc. | 3 | $145 | 0.00% | +3 | New |
| Clearstead Advisors, LLC | 2 | $97 | 0.00% | −155−98.7% | Reduced |
| Sunbelt Securities, Inc. | 2 | $96 | 0.00% | +1+100.0% | Added |
| TFC Financial Management | 1 | $49 | 0.00% | 00.0% | Unchanged |
| 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 |