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, 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 | $691.0M |
| 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, 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 |
|---|---|---|---|---|---|
| Covestor Ltd | 6 | $0 | 0.00% | −9−60.0% | Reduced |
| TFC Financial Management | 1 | $51 | 0.00% | 00.0% | Unchanged |
| Kilter Group LLC | 1 | $51 | 0.00% | +1 | New |
| Sunbelt Securities, Inc. | 2 | $101 | 0.00% | 00.0% | Unchanged |
| SJS Investment Consulting Inc. | 3 | $152 | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 5 | $250 | 0.00% | 00.0% | Unchanged |
| Twin Peaks Wealth Advisors, LLC | 8 | $404 | 0.00% | +8 | New |
| Bare Financial Services, Inc | 10 | $505 | 0.00% | +10 | New |
| Massmutual Trust Co FSB | 12 | $606 | 0.00% | 00.0% | Unchanged |
| Northwestern Mutual Wealth Management Co | 18 | $909 | 0.00% | +18 | New |
| Root Financial Partners, LLC | 26 | $1.31K | 0.00% | +26 | New |
| UMA Financial Services, Inc. | 34 | $1.72K | 0.00% | 00.0% | Unchanged |
| MAI Capital Management | 42 | $2.12K | 0.00% | +4+10.5% | Added |
| Rothschild Investment LLC | 51 | $2.58K | 0.00% | −4−7.3% | Reduced |
| GWM Advisors LLC | 62 | $3.13K | 0.00% | 00.0% | Unchanged |
| Parallel Advisors, LLC | 89 | $4.50K | 0.00% | +16+21.9% | Added |
| True Wealth Design, LLC | 91 | $4.60K | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 118 | $5.96K | 0.00% | +10+9.3% | Added |
| Optiver Holding B.V. | 128 | $6.46K | 0.00% | +8+6.7% | Added |
| Signaturefd, LLC | 171 | $8.64K | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 191 | $9.65K | 0.00% | −24−11.2% | Reduced |
| Ronald Blue Trust, Inc. | 196 | $9.87K | 0.00% | +2+1.0% | Added |
| GAMMA Investing LLC | 211 | $10.7K | 0.00% | +43+25.6% | Added |
| Umb Bank N A | 253 | $12.8K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 263 | $13.3K | 0.00% | 00.0% | Unchanged |
| Center for Financial Planning, Inc. | 283 | $14.3K | 0.00% | 00.0% | Unchanged |
| Versant Capital Management, Inc | 300 | $15.2K | 0.00% | +57+23.5% | Added |
| Aquatic Capital Management LLC | 336 | $17.0K | 0.00% | −3−0.9% | Reduced |
| Trust Co of Toledo NA | 403 | $20.4K | 0.00% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 405 | $20.5K | 0.00% | +2+0.5% | Added |
| IFP Advisors, Inc | 441 | $22.3K | 0.00% | 00.0% | Unchanged |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 492 | $24.8K | 0.00% | +154+45.6% | Added |
| Trask Adam Roland | 500 | $25.3K | 0.02% | +500 | New |
| State of Alaska, Department of Revenue | 651 | $32.0K | 0.00% | 00.0% | Unchanged |
| Essential Partners LLC | 745 | $37.6K | 0.01% | −5−0.7% | Reduced |
| Quadrant Capital Group LLC | 891 | $45.0K | 0.00% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 1,000 | $50.5K | 0.00% | +1,000 | New |
| Tower Research Capital LLC (TRC) | 1,063 | $53.7K | 0.00% | +706+197.8% | Added |
| Ameritas Investment Partners, Inc. | 1,327 | $67.0K | 0.00% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 1,682 | $84.9K | 0.00% | +387+29.9% | Added |
| Nisa Investment Advisors, LLC | 1,872 | $94.5K | 0.00% | +12+0.6% | Added |
| Russell Investments Group, Ltd. | 2,488 | $125.6K | 0.00% | −5,661−69.5% | Reduced |
| US Bancorp | 2,743 | $138.5K | 0.00% | −166−5.7% | Reduced |
| SG Americas Securities, LLC | 2,986 | $151.0K | 0.00% | −3,204−51.8% | Reduced |
| Public Employees Retirement System of Ohio | 3,104 | $156.8K | 0.00% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 3,107 | $156.9K | 0.00% | 00.0% | Unchanged |
| Great West Life Assurance Co | 3,090 | $157.0K | 0.00% | +47+1.5% | Added |
| Quantbot Technologies LP | 3,146 | $158.9K | 0.01% | +3,146 | New |
| Vanguard Investments Australia, Ltd. | 3,188 | $161.0K | 0.00% | +3,188 | New |
| KLP Kapitalforvaltning AS | 3,300 | $166.7K | 0.00% | 00.0% | Unchanged |
| JMN Financial LLC | 3,964 | $200.2K | 0.20% | +3,964 | New |
| Old Mission Investment Co LLC | 3,984 | $201.2K | 0.05% | +3,984 | New |
| Huntington National Bank | 3,997 | $201.8K | 0.00% | 00.0% | Unchanged |
| Skopos Labs, Inc. | 4,091 | $206.6K | 0.01% | +4,091 | New |
| Intech Investment Management LLC | 4,163 | $210.2K | 0.00% | −2,018−32.6% | Reduced |
| Arizona State Retirement System | 4,241 | $214.2K | 0.00% | −48−1.1% | Reduced |
| State Board of Administration of Florida Retirement System | 4,400 | $222.2K | 0.00% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 4,537 | $229.1K | 0.00% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 4,635 | $234.1K | 0.00% | +4,635 | New |
| Jane Street Group, LLC | 4,654 | $235.0K | 0.00% | +4,654 | New |
| Manufacturers Life Insurance Company, The | 4,669 | $235.8K | 0.00% | −274−5.5% | Reduced |
| DGS Capital Management, LLC | 4,676 | $236.1K | 0.04% | +299+6.8% | Added |
| Harbor Capital Advisors, Inc. | 4,748 | $240.0K | 0.02% | +4,748 | New |
| 626 Financial, LLC | 4,876 | $246.2K | 0.11% | 00.0% | Unchanged |
| Greenleaf Trust | 5,012 | $253.1K | 0.00% | +5,012 | New |
| Mariner, LLC | 5,222 | $263.7K | 0.00% | −1,355−20.6% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 5,392 | $272.3K | 0.00% | +26+0.5% | Added |
| DekaBank Deutsche Girozentrale | 5,407 | $275.0K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 5,631 | $284.4K | 0.01% | −3,284−36.8% | Reduced |
| Blue Water Asset Management | 5,826 | $294.2K | 0.10% | +235+4.2% | Added |
| LeClair Wealth Partners LLC | 5,826 | $294.2K | 0.10% | +5,826 | New |
| EP Wealth Advisors, LLC | 5,996 | $302.8K | 0.00% | +442+8.0% | Added |
| First Trust Advisors LP | 6,206 | $313.4K | 0.00% | −287−4.4% | Reduced |
| Vanguard Global Advisers, LLC | 6,262 | $316.2K | 0.00% | +6,262 | New |
| Wealth Enhancement Advisory Services, LLC | 6,151 | $316.5K | 0.00% | −974−13.7% | Reduced |
| Abacus Wealth Partners, LLC | 6,323 | $319.3K | 0.03% | +244+4.0% | Added |
| Voleon Capital Management LP | 6,520 | $329.3K | 0.01% | −5,890−47.5% | Reduced |
| Stifel Financial Corp | 6,618 | $334.2K | 0.00% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 6,739 | $341.0K | 0.00% | 00.0% | Unchanged |
| New York State Common Retirement Fund | 6,832 | $345.0K | 0.00% | +2,100+44.4% | Added |
| HighTower Advisors, LLC | 6,847 | $345.8K | 0.00% | +504+7.9% | Added |
| Zacks Investment Management | 6,939 | $350.4K | 0.00% | 00.0% | Unchanged |
| Prudential Financial Inc | 7,105 | $358.8K | 0.00% | +1,700+31.5% | Added |
| Farther Finance Advisors, LLC | 7,078 | $361.3K | 0.00% | +4,978+237.0% | Added |
| First National Bank of Omaha | 7,246 | $365.9K | 0.01% | −331−4.4% | Reduced |
| Panagora Asset Management Inc | 7,894 | $398.6K | 0.00% | −8,140−50.8% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 7,902 | $399.1K | 0.00% | +505+6.8% | Added |
| BNP Paribas Arbitrage, SA | 8,077 | $407.9K | 0.00% | +571+7.6% | Added |
| Allspring Global Investments Holdings, LLC | 8,361 | $422.2K | 0.00% | +863+11.5% | Added |
| Fifth Third Bancorp | 8,571 | $432.8K | 0.00% | +7,816+1,035.2% | Added |
| Modern Wealth Management, LLC | 8,606 | $439.3K | 0.01% | +8,606 | New |
| XTX Topco Ltd | 8,705 | $439.6K | 0.01% | +8,705 | New |
| Los Angeles Capital Management LLC | 8,720 | $440.4K | 0.00% | −459−5.0% | Reduced |
| Susquehanna Portfolio Strategies, LLC | 8,811 | $445.0K | 0.01% | 00.0% | Unchanged |
| MetLife Investment Management | 9,078 | $458.4K | 0.00% | 00.0% | Unchanged |
| Azimuth Capital Investment Management LLC | 9,189 | $464.0K | 0.02% | 00.0% | Unchanged |
| Vanguard Asset Management, Ltd | 9,190 | $464.1K | 0.00% | +9,190 | New |
| State of Wisconsin Investment Board | 9,480 | $478.7K | 0.00% | +860+10.0% | Added |
| Alps Advisors Inc | 9,920 | $501.0K | 0.00% | +9,920 | New |
| Janney Montgomery Scott LLC | 10,033 | $507.0K | 0.00% | −40.0% | Reduced |