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