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 |
|---|---|---|---|---|---|
| CWM Advisors, LLC | 10,160 | $513.1K | 0.03% | +445+4.6% | Added |
| Rafferty Asset Management, LLC | 10,236 | $516.9K | 0.00% | +1,599+18.5% | Added |
| CWM, LLC | 10,336 | $522.0K | 0.00% | −902−8.0% | Reduced |
| Regal Investment Advisors LLC | 10,560 | $533.3K | 0.03% | 00.0% | Unchanged |
| Natixis Advisors, L.P. | 10,647 | $538.0K | 0.00% | +318+3.1% | Added |
| Jones Financial Companies LLLP | 11,312 | $558.0K | 0.00% | +10,474+1,249.9% | Added |
| Citigroup Inc | 11,092 | $560.1K | 0.00% | +2,023+22.3% | Added |
| Strategies Wealth Advisors, LLC | 11,100 | $560.5K | 0.06% | +130+1.2% | Added |
| Teacher Retirement System of Texas | 11,135 | $562.3K | 0.00% | −1,373−11.0% | Reduced |
| Price T Rowe Associates Inc | 11,382 | $575.0K | 0.00% | +2,346+26.0% | Added |
| Thrivent Financial for Lutherans | 11,419 | $577.0K | 0.00% | −7,806−40.6% | Reduced |
| Royal Bank of Canada | 11,564 | $584.0K | 0.00% | −17,576−60.3% | Reduced |
| Shakespeare Wealth Management, Inc. | 11,574 | $584.5K | 0.14% | 00.0% | Unchanged |
| Canada Pension Plan Investment Board | 11,900 | $601.0K | 0.00% | 00.0% | Unchanged |
| Jacobs Levy Equity Management, Inc | 12,121 | $612.1K | 0.00% | +223+1.9% | Added |
| Blair William & Co | 12,189 | $615.5K | 0.00% | +12,189 | New |
| Allianz Asset Management GmbH | 12,332 | $622.8K | 0.00% | 00.0% | Unchanged |
| Daytona Street Capital LLC | 12,260 | $632.1K | 0.51% | +60.0% | Added |
| Deutsche Bank AG | 12,619 | $637.3K | 0.00% | +3,869+44.2% | Added |
| Susquehanna International Group, LLP | 12,693 | $641.0K | 0.00% | +12,693 | New |
| FMR LLC | 13,080 | $660.5K | 0.00% | +2,089+19.0% | Added |
| Hennion & Walsh Asset Management, Inc. | 13,295 | $671.4K | 0.02% | +1,502+12.7% | Added |
| STRS Ohio | 13,300 | $671.6K | 0.00% | 00.0% | Unchanged |
| LVM Capital Management Ltd | 13,977 | $706.0K | 0.07% | 00.0% | Unchanged |
| Y-Intercept (Hong Kong) Ltd | 14,032 | $708.6K | 0.01% | −372−2.6% | Reduced |
| LPL Financial LLC | 14,419 | $728.2K | 0.00% | +249+1.8% | Added |
| SEI Investments Co | 14,507 | $732.6K | 0.00% | +6,300+76.8% | Added |
| Legal & General Group Plc | 14,533 | $733.9K | 0.00% | −3,288−18.5% | Reduced |
| Gsa Capital Partners LLP | 14,922 | $754.0K | 0.05% | +6,234+71.8% | Added |
| California State Teachers Retirement System | 15,384 | $776.9K | 0.00% | −55−0.4% | Reduced |
| Chicago Trust Co NA | 15,591 | $787.3K | 0.13% | 00.0% | Unchanged |
| Federated Hermes, Inc. | 15,630 | $789.3K | 0.00% | +5,008+47.1% | Added |
| Wedge Capital Management L L P | 16,415 | $829.0K | 0.02% | −1,539−8.6% | Reduced |
| Man Group plc | 16,452 | $830.8K | 0.00% | +2,908+21.5% | Added |
| Round Hill Asset Management | 16,925 | $854.7K | 0.56% | −1,313−7.2% | Reduced |
| Bailard, Inc. | 17,401 | $878.8K | 0.02% | −1,100−5.9% | Reduced |
| Baird Financial Group, Inc. | 17,475 | $882.5K | 0.00% | −181−1.0% | Reduced |
| Lazard Asset Management LLC | 17,569 | $887.2K | 0.00% | +1,027+6.2% | Added |
| Pathstone Holdings, LLC | 17,953 | $906.6K | 0.00% | −736−3.9% | Reduced |
| Victory Capital Management Inc | 18,200 | $919.1K | 0.00% | −580−3.1% | Reduced |
| Discipline Wealth Solutions, LLC | 19,826 | $1.00M | 0.11% | +19,826 | New |
| Ieq Capital, LLC | 20,075 | $1.01M | 0.00% | +939+4.9% | Added |
| Alliancebernstein L.P. | 21,545 | $1.04M | 0.00% | 00.0% | Unchanged |
| Rhumbline Advisers | 20,584 | $1.04M | 0.00% | −276−1.3% | Reduced |
| Qube Research & Technologies Ltd | 21,010 | $1.06M | 0.00% | −51,949−71.2% | Reduced |
| Barclays PLC | 21,200 | $1.07M | 0.00% | −21,513−50.4% | Reduced |
| Cerity Partners LLC | 21,372 | $1.08M | 0.00% | −1,033−4.6% | Reduced |
| Credit Agricole S A | 22,442 | $1.13M | 0.00% | 00.0% | Unchanged |
| Invesco Ltd. | 22,549 | $1.14M | 0.00% | −862−3.7% | Reduced |
| Wakefield Asset Management LLLP | 22,830 | $1.15M | 0.31% | +412+1.8% | Added |
| Buckingham Strategic Partners | 23,436 | $1.18M | 0.01% | −180−0.8% | Reduced |
| UBS Asset Management Americas Inc | 24,302 | $1.23M | 0.00% | +754+3.2% | Added |
| Advisor Group Holdings, Inc. | 25,352 | $1.28M | 0.00% | +527+2.1% | Added |
| RMB Capital Management, LLC | 26,654 | $1.35M | 0.02% | +26,654 | New |
| Quantinno Capital Management LP | 26,732 | $1.35M | 0.00% | +7,539+39.3% | Added |
| Citadel Advisors LLC | 28,933 | $1.46M | 0.00% | −7,801−21.2% | Reduced |
| Swiss National Bank | 30,400 | $1.54M | 0.00% | 00.0% | Unchanged |
| Nuveen, LLC | 30,856 | $1.56M | 0.00% | +153+0.5% | Added |
| LaFleur & Godfrey LLC | 31,499 | $1.59M | 0.20% | +2,266+7.8% | Added |
| Wells Fargo & Company | 32,757 | $1.65M | 0.00% | −11,531−26.0% | Reduced |
| UBS Group AG | 35,639 | $1.80M | 0.00% | +7,543+26.8% | Added |
| Creative Planning | 36,376 | $1.84M | 0.00% | +1,933+5.6% | Added |
| Bank of America Corp | 36,777 | $1.86M | 0.00% | +8,701+31.0% | Added |
| John W. Rosenthal Capital Management, Inc. | 45,000 | $2.27M | 2.22% | 00.0% | Unchanged |
| Raymond James Financial Inc | 48,161 | $2.43M | 0.00% | +3,446+7.7% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 48,850 | $2.47M | 0.01% | −3,914−7.4% | Reduced |
| Elizabeth Park Capital Advisors, Ltd. | 50,971 | $2.57M | 1.98% | 00.0% | Unchanged |
| Franklin Resources Inc | 53,083 | $2.68M | 0.00% | +33,091+165.5% | Added |
| Ameriprise Financial Inc | 55,125 | $2.78M | 0.00% | −8,644−13.6% | Reduced |
| Arrowstreet Capital, Limited Partnership | 64,904 | $3.28M | 0.00% | −6,672−9.3% | Reduced |
| jvl associates llc | 65,508 | $3.31M | 1.11% | +5,339+8.9% | Added |
| Envestnet Asset Management Inc | 65,902 | $3.33M | 0.00% | +2,898+4.6% | Added |
| De Lisle Partners LLP | 75,649 | $3.83M | 0.46% | 00.0% | Unchanged |
| Empowered Funds, LLC | 78,969 | $3.99M | 0.03% | +78,969 | New |
| Siena Capital Partners GP, LLC | 83,966 | $4.24M | 1.10% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 92,659 | $4.68M | 0.00% | −182−0.2% | Reduced |
| Vanguard Fiduciary Trust Co | 110,259 | $5.57M | 0.00% | +110,259 | New |
| Goldman Sachs Group Inc | 112,721 | $5.69M | 0.00% | −20,778−15.6% | Reduced |
| ProShare Advisors LLC | 125,631 | $6.34M | 0.01% | −4,451−3.4% | Reduced |
| Bridgeway Capital Management, LLC | 126,269 | $6.38M | 0.13% | +6,136+5.1% | Added |
| Morgan Stanley | 127,236 | $6.43M | 0.00% | −32,378−20.3% | Reduced |
| Mercer Global Advisors Inc | 129,257 | $6.53M | 0.01% | +19,685+18.0% | Added |
| Banc Funds Co LLC | 131,160 | $6.62M | 1.23% | +319+0.2% | Added |
| Charles Schwab Investment Management Inc | 140,446 | $7.09M | 0.00% | +7,158+5.4% | Added |
| AQR Capital Management LLC | 146,713 | $7.41M | 0.00% | −12,851−8.1% | Reduced |
| JPMorgan Chase & Co | 148,858 | $7.45M | 0.00% | −46,180−23.7% | Reduced |
| Two Sigma Investments, LP | 181,647 | $9.17M | 0.01% | +61,470+51.1% | Added |
| Hotchkis & Wiley Capital Management LLC | 191,153 | $9.65M | 0.03% | −11,470−5.7% | Reduced |
| Tributary Capital Management, LLC | 224,632 | $11.3M | 1.10% | −6,627−2.9% | Reduced |
| Northern Trust Corp | 232,600 | $11.7M | 0.00% | +65,602+39.3% | Added |
| Vanguard Portfolio Management LLC | 275,321 | $13.9M | 0.00% | +275,321 | New |
| LSV Asset Management | 283,186 | $14.3M | 0.03% | −11,900−4.0% | Reduced |
| North Star Asset Management Inc | 383,180 | $19.4M | 0.84% | +8,636+2.3% | Added |
| Geode Capital Management, LLC | 435,012 | $22.0M | 0.00% | +32,396+8.0% | Added |
| Renaissance Technologies LLC | 472,213 | $23.8M | 0.04% | −24,000−4.8% | Reduced |
| State Street Corp | 502,468 | $25.4M | 0.00% | +55,452+12.4% | Added |
| American Century Companies Inc | 561,467 | $28.4M | 0.01% | +43,563+8.4% | Added |
| Vanguard Capital Management LLC | 704,324 | $35.6M | 0.00% | +704,324 | New |
| Dimensional Fund Advisors LP | 1,032,888 | $52.2M | 0.01% | +1,403+0.1% | Added |
| Wellington Management Group LLP | 1,189,031 | $60.0M | 0.01% | +894,218+303.3% | Added |