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, Q1 2026
Institutional positions in Mercantile Bank Corp as of Mar 31, 2026. 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
- 201
- +14 vs. Q4 2025
- Shares held
- 11.7M
- +2.10M (+21.9%) vs. Q4 2025
- Total value
- $590.5M
- +$129.1M (+28.0%) vs. Q4 2025
- New holders
- 30
- 71 more added
- Sold out
- 16
- 55 more reduced
5 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding Mercantile Bank Corp; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,388,714 | $70.1M | 0.00% | −50,171−3.5% | Reduced |
| Wellington Management Group LLP | 1,189,031 | $60.0M | 0.01% | +894,218+303.3% | Added |
| Dimensional Fund Advisors LP | 1,032,888 | $52.2M | 0.01% | +1,403+0.1% | Added |
| Vanguard Capital Management LLC | 704,324 | $35.6M | 0.00% | +704,324 | New |
| American Century Companies Inc | 561,467 | $28.4M | 0.01% | +43,563+8.4% | Added |
| State Street Corp | 502,468 | $25.4M | 0.00% | +55,452+12.4% | Added |
| Renaissance Technologies LLC | 472,213 | $23.8M | 0.04% | −24,000−4.8% | Reduced |
| Geode Capital Management, LLC | 435,012 | $22.0M | 0.00% | +32,396+8.0% | Added |
| North Star Asset Management Inc | 383,180 | $19.4M | 0.84% | +8,636+2.3% | Added |
| LSV Asset Management | 283,186 | $14.3M | 0.03% | −11,900−4.0% | Reduced |
| Vanguard Portfolio Management LLC | 275,321 | $13.9M | 0.00% | +275,321 | New |
| Northern Trust Corp | 232,600 | $11.7M | 0.00% | +65,602+39.3% | Added |
| Tributary Capital Management, LLC | 224,632 | $11.3M | 1.10% | −6,627−2.9% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 191,153 | $9.65M | 0.03% | −11,470−5.7% | Reduced |
| Two Sigma Investments, LP | 181,647 | $9.17M | 0.01% | +61,470+51.1% | Added |
| JPMorgan Chase & Co | 148,858 | $7.45M | 0.00% | −46,180−23.7% | Reduced |
| AQR Capital Management LLC | 146,713 | $7.41M | 0.00% | −12,851−8.1% | Reduced |
| Charles Schwab Investment Management Inc | 140,446 | $7.09M | 0.00% | +7,158+5.4% | Added |
| Banc Funds Co LLC | 131,160 | $6.62M | 1.23% | +319+0.2% | Added |
| Mercer Global Advisors Inc | 129,257 | $6.53M | 0.01% | +19,685+18.0% | Added |
| Morgan Stanley | 127,236 | $6.43M | 0.00% | −32,378−20.3% | Reduced |
| Bridgeway Capital Management, LLC | 126,269 | $6.38M | 0.13% | +6,136+5.1% | Added |
| ProShare Advisors LLC | 125,631 | $6.34M | 0.01% | −4,451−3.4% | Reduced |
| Goldman Sachs Group Inc | 112,721 | $5.69M | 0.00% | −20,778−15.6% | Reduced |
| Vanguard Fiduciary Trust Co | 110,259 | $5.57M | 0.00% | +110,259 | New |
| Bank of New York Mellon Corp | 92,659 | $4.68M | 0.00% | −182−0.2% | Reduced |
| Siena Capital Partners GP, LLC | 83,966 | $4.24M | 1.10% | 00.0% | Unchanged |
| Empowered Funds, LLC | 78,969 | $3.99M | 0.03% | +78,969 | New |
| De Lisle Partners LLP | 75,649 | $3.83M | 0.46% | 00.0% | Unchanged |
| Envestnet Asset Management Inc | 65,902 | $3.33M | 0.00% | +2,898+4.6% | Added |
| jvl associates llc | 65,508 | $3.31M | 1.11% | +5,339+8.9% | Added |
| Arrowstreet Capital, Limited Partnership | 64,904 | $3.28M | 0.00% | −6,672−9.3% | Reduced |
| Ameriprise Financial Inc | 55,125 | $2.78M | 0.00% | −8,644−13.6% | Reduced |
| Franklin Resources Inc | 53,083 | $2.68M | 0.00% | +33,091+165.5% | Added |
| Elizabeth Park Capital Advisors, Ltd. | 50,971 | $2.57M | 1.98% | 00.0% | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. | 48,850 | $2.47M | 0.01% | −3,914−7.4% | Reduced |
| Raymond James Financial Inc | 48,161 | $2.43M | 0.00% | +3,446+7.7% | Added |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $2.27M | 2.22% | 00.0% | Unchanged |
| Bank of America Corp | 36,777 | $1.86M | 0.00% | +8,701+31.0% | Added |
| Creative Planning | 36,376 | $1.84M | 0.00% | +1,933+5.6% | Added |
| UBS Group AG | 35,639 | $1.80M | 0.00% | +7,543+26.8% | Added |
| Wells Fargo & Company | 32,757 | $1.65M | 0.00% | −11,531−26.0% | Reduced |
| LaFleur & Godfrey LLC | 31,499 | $1.59M | 0.20% | +2,266+7.8% | Added |
| Nuveen, LLC | 30,856 | $1.56M | 0.00% | +153+0.5% | Added |
| Swiss National Bank | 30,400 | $1.54M | 0.00% | 00.0% | Unchanged |
| Citadel Advisors LLC | 28,933 | $1.46M | 0.00% | −7,801−21.2% | Reduced |
| Quantinno Capital Management LP | 26,732 | $1.35M | 0.00% | +7,539+39.3% | Added |
| RMB Capital Management, LLC | 26,654 | $1.35M | 0.02% | +26,654 | New |
| Advisor Group Holdings, Inc. | 25,352 | $1.28M | 0.00% | +527+2.1% | Added |
| UBS Asset Management Americas Inc | 24,302 | $1.23M | 0.00% | +754+3.2% | Added |
| Buckingham Strategic Partners | 23,436 | $1.18M | 0.01% | −180−0.8% | Reduced |
| Wakefield Asset Management LLLP | 22,830 | $1.15M | 0.31% | +412+1.8% | Added |
| Invesco Ltd. | 22,549 | $1.14M | 0.00% | −862−3.7% | Reduced |
| Credit Agricole S A | 22,442 | $1.13M | 0.00% | 00.0% | Unchanged |
| Cerity Partners LLC | 21,372 | $1.08M | 0.00% | −1,033−4.6% | Reduced |
| Barclays PLC | 21,200 | $1.07M | 0.00% | −21,513−50.4% | Reduced |
| Qube Research & Technologies Ltd | 21,010 | $1.06M | 0.00% | −51,949−71.2% | Reduced |
| Rhumbline Advisers | 20,584 | $1.04M | 0.00% | −276−1.3% | Reduced |
| Alliancebernstein L.P. | 21,545 | $1.04M | 0.00% | 00.0% | Unchanged |
| Ieq Capital, LLC | 20,075 | $1.01M | 0.00% | +939+4.9% | Added |
| Discipline Wealth Solutions, LLC | 19,826 | $1.00M | 0.11% | +19,826 | New |
| Victory Capital Management Inc | 18,200 | $919.1K | 0.00% | −580−3.1% | Reduced |
| Pathstone Holdings, LLC | 17,953 | $906.6K | 0.00% | −736−3.9% | Reduced |
| Lazard Asset Management LLC | 17,569 | $887.2K | 0.00% | +1,027+6.2% | Added |
| Baird Financial Group, Inc. | 17,475 | $882.5K | 0.00% | −181−1.0% | Reduced |
| Bailard, Inc. | 17,401 | $878.8K | 0.02% | −1,100−5.9% | Reduced |
| Round Hill Asset Management | 16,925 | $854.7K | 0.56% | −1,313−7.2% | Reduced |
| Man Group plc | 16,452 | $830.8K | 0.00% | +2,908+21.5% | Added |
| Wedge Capital Management L L P | 16,415 | $829.0K | 0.02% | −1,539−8.6% | Reduced |
| Federated Hermes, Inc. | 15,630 | $789.3K | 0.00% | +5,008+47.1% | Added |
| Chicago Trust Co NA | 15,591 | $787.3K | 0.13% | 00.0% | Unchanged |
| California State Teachers Retirement System | 15,384 | $776.9K | 0.00% | −55−0.4% | Reduced |
| Gsa Capital Partners LLP | 14,922 | $754.0K | 0.05% | +6,234+71.8% | Added |
| Legal & General Group Plc | 14,533 | $733.9K | 0.00% | −3,288−18.5% | Reduced |
| SEI Investments Co | 14,507 | $732.6K | 0.00% | +6,300+76.8% | Added |
| LPL Financial LLC | 14,419 | $728.2K | 0.00% | +249+1.8% | Added |
| Y-Intercept (Hong Kong) Ltd | 14,032 | $708.6K | 0.01% | −372−2.6% | Reduced |
| LVM Capital Management Ltd | 13,977 | $706.0K | 0.07% | 00.0% | Unchanged |
| STRS Ohio | 13,300 | $671.6K | 0.00% | 00.0% | Unchanged |
| Hennion & Walsh Asset Management, Inc. | 13,295 | $671.4K | 0.02% | +1,502+12.7% | Added |
| FMR LLC | 13,080 | $660.5K | 0.00% | +2,089+19.0% | Added |
| Susquehanna International Group, LLP | 12,693 | $641.0K | 0.00% | +12,693 | New |
| Deutsche Bank AG | 12,619 | $637.3K | 0.00% | +3,869+44.2% | Added |
| Daytona Street Capital LLC | 12,260 | $632.1K | 0.49% | +60.0% | Added |
| Allianz Asset Management GmbH | 12,332 | $622.8K | 0.00% | 00.0% | Unchanged |
| Blair William & Co | 12,189 | $615.5K | 0.00% | +12,189 | New |
| Jacobs Levy Equity Management, Inc | 12,121 | $612.1K | 0.00% | +223+1.9% | Added |
| Canada Pension Plan Investment Board | 11,900 | $601.0K | 0.00% | 00.0% | Unchanged |
| Shakespeare Wealth Management, Inc. | 11,574 | $584.5K | 0.14% | 00.0% | Unchanged |
| Royal Bank of Canada | 11,564 | $584.0K | 0.00% | −17,576−60.3% | Reduced |
| Thrivent Financial for Lutherans | 11,419 | $577.0K | 0.00% | −7,806−40.6% | Reduced |
| Price T Rowe Associates Inc | 11,382 | $575.0K | 0.00% | +2,346+26.0% | Added |
| Teacher Retirement System of Texas | 11,135 | $562.3K | 0.00% | −1,373−11.0% | Reduced |
| Strategies Wealth Advisors, LLC | 11,100 | $560.5K | 0.06% | +130+1.2% | Added |
| Citigroup Inc | 11,092 | $560.1K | 0.00% | +2,023+22.3% | Added |
| Jones Financial Companies LLLP | 11,312 | $558.0K | 0.00% | +10,474+1,249.9% | Added |
| Natixis Advisors, L.P. | 10,647 | $538.0K | 0.00% | +318+3.1% | Added |
| Regal Investment Advisors LLC | 10,560 | $533.3K | 0.03% | 00.0% | Unchanged |
| CWM, LLC | 10,336 | $522.0K | 0.00% | −902−8.0% | Reduced |
| Rafferty Asset Management, LLC | 10,236 | $516.9K | 0.00% | +1,599+18.5% | Added |