Mercantile BankMBWM
13F holders, Q4 2025 (December 31)192holders −8
13new positions
19sold out
5famous investors
$48.09avg. 13F price*
At the end of Q4 2025, 192 institutions reported holding Mercantile Bank Corp. (MBWM) in their 13F filings, down 8 from Q3 2025. 13 opened new positions and 19 sold out. The largest holders were BlackRock, Inc. ($69.2M), Vanguard Group Inc. ($51.3M) and Dimensional Fund Advisors LP ($49.6M). 5 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).
- Company
- Mercantile Bank Corp.
- CUSIP
- 587376104
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 13 | $20.7M |
| Exits | 19 | $12.2M |
All 13F filers, Q3 2025 → Q4 2025: 757,496 shares bought and 671,068 shares sold, net +86,428 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 192 holders
| BlackRock, Inc. | 0.00% | Add +0.5% | 1,438,885 | $69.2M |
| Vanguard Group Inc. | 0.00% | Add +2.6% | 1,066,368 | $51.3M |
| Dimensional Fund Advisors LP | 0.01% | Reduce -1.6% | 1,031,485 | $49.6M |
| American Century Companies Inc. | 0.01% | Add +4.8% | 517,904 | $24.9M |
| Renaissance Technologies | 0.04% | Add +1.2% | 496,213 | $23.9M |
| State Street Corp. | 0.00% | Reduce -5.0% | 447,016 | $21.5M |
| Geode Capital Management, LLC | 0.00% | Reduce -2.3% | 402,616 | $19.4M |
| North Star Asset Management Inc. | 0.73% | Add +5.4% | 374,544 | $18.0M |
| LSV Asset Management | 0.03% | Reduce -1.7% | 295,086 | $14.2M |
| Wellington Management Group LLP | 0.00% | New | 294,813 | $14.2M |
| Tributary Capital Management, LLC | 1.10% | Reduce -7.0% | 231,259 | $11.1M |
| Hotchkis & Wiley Capital Management LLC | 0.03% | Add +0.5% | 202,623 | $9.7M |
| JPMorgan Chase & Co. | 0.00% | Reduce -9.1% | 195,038 | $9.4M |
| Northern Trust Corp. | 0.00% | Reduce -4.0% | 166,998 | $8.0M |
| Morgan Stanley | 0.00% | Reduce -5.0% | 159,614 | $7.7M |
| AQR Capital Management | 0.00% | Reduce -12.1% | 159,564 | $7.7M |
| Goldman Sachs Group Inc. | 0.00% | Add +23.9% | 133,499 | $6.4M |
| Charles Schwab Investment Management Inc. | 0.00% | Reduce -0.1% | 133,288 | $6.4M |
| Banc Funds Co. LLC | 1.25% | Reduce -18.4% | 130,841 | $6.3M |
| ProShare Advisors LLC | 0.01% | Reduce -0.3% | 130,082 | $6.3M |
| Two Sigma Investments, LP | 0.01% | Add +54.1% | 120,177 | $5.8M |
| Bridgeway Capital Management, LLC | 0.12% | Add +6.2% | 120,133 | $5.8M |
| Mercer Global Advisors Inc. | 0.01% | Reduce -0.9% | 109,572 | $5.3M |
| Bank of New York Mellon Corp | 0.00% | Reduce -3.6% | 92,841 | $4.5M |
| Siena Capital Partners GP, LLC | 1.08% | Add +319.8% | 83,966 | $4.0M |
| De Lisle Partners LLP | 0.47% | Add +1.8% | 75,649 | $3.6M |
| Qube Research & Technologies Ltd | 0.01% | Reduce -0.7% | 72,959 | $3.5M |
| Arrowstreet Capital, Limited Partnership | 0.00% | No change | 71,576 | $3.4M |
| Ameriprise Financial Inc. | 0.00% | Add +0.6% | 63,769 | $3.1M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -7.1% | 63,004 | $3.0M |
| jvl associates llc | 0.94% | Reduce -2.8% | 60,169 | $2.9M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Reduce -6.9% | 52,764 | $2.5M |
| Elizabeth Park Capital Advisors, Ltd. | 2.02% | New | 50,971 | $2.5M |
| Rosenthal | Henry Capital Advisors, Inc. | 2.01% | No change | 45,000 | $2.2M |
| Raymond James Financial Inc. | 0.00% | Add +0.6% | 44,715 | $2.2M |
| Wells Fargo & Company | 0.00% | Add +9.1% | 44,288 | $2.1M |
| Barclays PLC | 0.00% | Add +44.2% | 42,713 | $2.1M |
| Two Sigma Advisers, LP | 0.00% | Add +110.9% | 40,884 | $2.0M |
| Citadel Advisors | 0.00% | New | 36,734 | $1.8M |
| Creative Planning | 0.00% | Add +43.3% | 34,443 | $1.7M |
| Brandywine Global Investment Management, LLC | 0.01% | Reduce -3.8% | 33,147 | $1.6M |
| Nuveen, LLC | 0.00% | Reduce -46.6% | 30,703 | $1.5M |
| Swiss National Bank | 0.00% | Add +1.7% | 30,400 | $1.5M |
| LaFleur & Godfrey LLC | 0.17% | Reduce -11.1% | 29,233 | $1.4M |
| Royal Bank of Canada | 0.00% | Reduce -1.5% | 29,140 | $1.4M |
| Marshall Wace, LLP | 0.00% | Add +87.2% | 28,415 | $1.4M |
| UBS Group AG | 0.00% | Reduce -18.6% | 28,096 | $1.4M |
| Bank of America Corp. | 0.00% | Reduce -16.6% | 28,076 | $1.4M |
| Osaic Holdings, Inc. | 0.00% | Reduce -12.0% | 24,825 | $1.2M |
| Millennium Management | 0.00% | Reduce -71.3% | 23,711 | $1.1M |
| Focus Partners Advisor Solutions, LLC | 0.01% | Reduce -0.3% | 23,616 | $1.1M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +0.9% | 23,548 | $1.1M |
| Invesco Ltd. | 0.00% | Reduce -16.6% | 23,411 | $1.1M |
| Tudor Investment Corporation | 0.01% | Reduce -49.8% | 23,319 | $1.1M |
| Credit Agricole S A | 0.00% | No change | 22,442 | $1.1M |
| Wakefield Asset Management LLLP | 0.29% | Reduce -0.9% | 22,418 | $1.1M |
| Cerity Partners LLC | 0.00% | Reduce -7.0% | 22,405 | $1.1M |
| Alliancebernstein L.P. | 0.00% | No change | 21,545 | $1.0M |
| Rhumbline Advisers | 0.00% | Reduce -15.4% | 20,860 | $1.0M |
| Franklin Resources Inc. | 0.00% | Add +3.3% | 19,992 | $962K |
| Thrivent Financial for Lutherans | 0.00% | Add +19.2% | 19,225 | $924K |
| Quantinno Capital Management LP | 0.00% | Add +7.6% | 19,193 | $923K |
| Ieq Capital, LLC | 0.00% | Reduce -25.8% | 19,136 | $920K |
| Victory Capital Management Inc. | 0.00% | Add +3.9% | 18,780 | $903K |
| Pathstone Holdings, LLC | 0.00% | Reduce -42.7% | 18,689 | $899K |
| Bailard, Inc. | 0.02% | Add +8.8% | 18,501 | $890K |
| Round Hill Asset Management | 0.55% | Reduce -2.0% | 18,238 | $877K |
| Wedge Capital Management L L P | 0.02% | Add +1.4% | 17,954 | $864K |
| HSBC Holdings PLC | 0.00% | Add +173.0% | 17,959 | $861K |
| Legal & General Group Plc | 0.00% | Reduce -0.2% | 17,821 | $857K |
| Baird Financial Group, Inc. | 0.00% | Add +0.6% | 17,656 | $849K |
| Lazard Asset Management LLC | 0.00% | Add +2.8% | 16,542 | $796K |
| Panagora Asset Management Inc. | 0.00% | Add +38.0% | 16,034 | $771K |
| CHICAGO TRUST Co NA | 0.12% | No change | 15,591 | $750K |
| California State Teachers Retirement System | 0.00% | Add +8.7% | 15,439 | $743K |
| Y-Intercept (Hong Kong) Ltd | 0.02% | New | 14,404 | $693K |
| LPL Financial LLC | 0.00% | Reduce -6.4% | 14,170 | $682K |
| LVM Capital Management Ltd. | 0.06% | Reduce -4.1% | 13,977 | $672K |
| Man Group plc | 0.00% | Reduce -11.1% | 13,544 | $651K |
| STRS Ohio | 0.00% | No change | 13,300 | $640K |
| Teacher Retirement System of Texas | 0.00% | Reduce -21.3% | 12,508 | $602K |
| Voleon Capital Management LP | 0.01% | Add +16.9% | 12,410 | $597K |
| Allianz Asset Management GmbH | 0.00% | No change | 12,332 | $593K |
| Daytona Street Capital LLC | 0.46% | — | 12,254 | $589K |
| Canada Pension Plan Investment Board | 0.00% | New | 11,900 | $572K |
| Jacobs Levy Equity Management, Inc. | 0.00% | Reduce -10.8% | 11,898 | $572K |
| Hennion & Walsh Asset Management, Inc. | 0.02% | Reduce -25.5% | 11,793 | $567K |
| Shakespeare Wealth Management, LLC | 0.12% | No change | 11,574 | $557K |
| Cwm, LLC | 0.00% | Reduce -9.3% | 11,238 | $541K |
| FMR LLC | 0.00% | Add +24.9% | 10,991 | $529K |
| Strategies Wealth Advisors, LLC | 0.05% | Add +0.2% | 10,970 | $528K |
| Federated Hermes, Inc. | 0.00% | Add +39.9% | 10,622 | $511K |
| Regal Investment Advisors LLC | 0.03% | Reduce -21.8% | 10,560 | $508K |
| Natixis Advisors, LLC | 0.00% | Add +2.4% | 10,329 | $497K |
| Janney Montgomery Scott LLC | 0.00% | Reduce -1.0% | 10,037 | $483K |
| Inspire Investing, LLC | 0.04% | Reduce -3.5% | 9,715 | $467K |
| Azimuth Capital Investment Management LLC | 0.02% | No change | 9,189 | $442K |
| MetLife Investment Management, LLC | 0.00% | No change | 9,078 | $437K |
| Citigroup Inc. | 0.00% | Reduce -10.1% | 9,069 | $436K |
| T. Rowe Price Associates Inc. | 0.00% | Add +7.9% | 9,036 | $435K |
| Sterling Capital Management LLC | 0.01% | Reduce -2.0% | 8,915 | $429K |
| Susquehanna Portfolio Strategies, LLC | 0.01% | Reduce -3.3% | 8,811 | $424K |
| Deutsche Bank AG | 0.00% | Reduce -42.5% | 8,750 | $421K |
| Gsa Capital Partners LLP | 0.04% | Reduce -6.9% | 8,688 | $418K |
| Rafferty Asset Management, LLC | 0.00% | Reduce -35.6% | 8,637 | $415K |
| State of Wisconsin Investment Board | 0.00% | Add +31.1% | 8,620 | $415K |
| Los Angeles Capital Management LLC | 0.00% | Reduce -19.3% | 9,179 | $402K |
| Comerica Bank | 0.00% | Add +2.2% | 8,345 | $401K |
| Sei Investments Co. | 0.00% | No change | 8,207 | $395K |
| Russell Investments Group, Ltd. | 0.00% | Add +3.8% | 8,149 | $392K |
| First National Bank of Omaha | 0.01% | Reduce -2.1% | 7,577 | $364K |
| BNP Paribas Financial Markets | 0.00% | Add +17.1% | 7,506 | $361K |
| Allspring Global Investments Holdings, LLC | 0.00% | Reduce -27.0% | 7,498 | $361K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +0.2% | 7,397 | $356K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Reduce -5.6% | 7,125 | $347K |
| Zacks Investment Management | 0.00% | Reduce -6.9% | 6,939 | $334K |
| West Michigan Advisors, LLC | 0.08% | Add +17.0% | 6,887 | $331K |
| Janus Henderson Group PLC | 0.00% | No change | 6,739 | $324K |
| Stifel Financial Corp. | 0.00% | No change | 6,618 | $318K |
| Mariner, LLC | 0.00% | Add +9.6% | 6,577 | $316K |
| First Trust Advisors LP | 0.00% | Reduce -28.1% | 6,493 | $312K |
| Mackenzie Financial Corp. | 0.00% | New | 6,410 | $307K |
| HighTower Advisors, LLC | 0.00% | Reduce -0.5% | 6,343 | $305K |
| SG Americas Securities, LLC | 0.00% | Reduce -15.0% | 6,190 | $298K |
| Intech Investment Management LLC | 0.00% | Reduce -18.0% | 6,181 | $297K |
| Abacus Wealth Partners, LLC | 0.03% | New | 6,079 | $292K |
| Blue Water Asset Management | 0.10% | — | 5,591 | $269K |
| EP Wealth Advisors, LLC | 0.00% | — | 5,554 | $267K |
| Prudential Financial Inc. | 0.00% | Reduce -16.9% | 5,405 | $260K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Add +0.8% | 5,366 | $258K |
| AlphaQuest LLC | 0.01% | Reduce -8.7% | 5,200 | $250K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -11.1% | 4,943 | $238K |
| 626 Financial, LLC | 0.10% | No change | 4,876 | $235K |
| New York State Common Retirement Fund | 0.00% | No change | 4,732 | $228K |
| MML Investors Services, LLC | 0.00% | Add +4.2% | 4,658 | $224K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 4,537 | $218K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 5,407 | $212K |
| State Board of Administration of Florida Retirement System | 0.00% | New | 4,400 | $212K |
| DGS Capital Management, LLC | 0.04% | New | 4,377 | $211K |
| Arizona State Retirement System | 0.00% | Reduce -5.7% | 4,289 | $206K |
| Engineers Gate Manager LP | 0.00% | Reduce -62.1% | 4,264 | $205K |
| Huntington National Bank | 0.00% | No change | 3,997 | $192K |
| KLP Kapitalforvaltning As | 0.00% | Add +10.0% | 3,300 | $159K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 3,107 | $149K |
| Public Employees Retirement System of Ohio | 0.00% | No change | 3,104 | $149K |
| CANADA LIFE ASSURANCE Co | 0.00% | Add +0.8% | 3,043 | $146K |
| US Bancorp \de | 0.00% | Reduce -26.8% | 2,909 | $140K |
| EMC Capital Management | 0.06% | Reduce -15.0% | 2,813 | $135K |
| Farther Finance Advisors, LLC | 0.00% | Add +2.9% | 2,100 | $101K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -5.3% | 1,860 | $89K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 1,327 | $64K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -7.1% | 1,295 | $62K |
| Quadrant Capital Group LLC | 0.00% | Add +63.8% | 891 | $43K |
| Jones Financial Companies LLLP | 0.00% | No change | 838 | $40K |
| Fifth Third Bancorp | 0.00% | No change | 755 | $36K |
| Essential Partners LLC | 0.01% | Reduce -17.6% | 750 | $36K |
| State of Alaska, Department of Revenue | 0.00% | No change | 651 | $31K |
| Kestra Advisory Services, LLC | 0.00% | New | 543 | $26K |
| Amalgamated Bank | 0.00% | Reduce -5.5% | 499 | $24K |
| IFP Advisors, Inc | 0.00% | Add +13.7% | 441 | $21K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -10.8% | 403 | $19K |
| Trust Co. of Toledo NA | 0.00% | No change | 403 | $19K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -28.3% | 357 | $17K |
| Aquatic Capital Management LLC | 0.00% | Reduce -89.5% | 339 | $16K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Add +45.1% | 338 | $16K |
| Center for Financial Planning, Inc. | 0.00% | No change | 283 | $14K |
| Private Trust Co. NA | 0.00% | Add +30.9% | 263 | $13K |
| UMB Bank, n.a. | 0.00% | No change | 253 | $12K |
| Versant Capital Management, Inc | 0.00% | Reduce -48.4% | 243 | $12K |
| Allworth Financial LP | 0.00% | Reduce -11.5% | 215 | $10K |
| Blue Trust, Inc. | 0.00% | Add +0.5% | 194 | $9K |
| Signaturefd, LLC | 0.00% | Add +103.6% | 171 | $8K |
| GAMMA Investing LLC | 0.00% | Reduce -30.9% | 168 | $8K |
| Optiver Holding B.V. | 0.00% | Add +27.7% | 120 | $6K |
| Arax Advisory Partners | 0.00% | Reduce -98.8% | 108 | $5K |
| True Wealth Design, LLC | 0.00% | Reduce -5.2% | 91 | $4K |
| Parallel Advisors, LLC | 0.00% | Reduce -16.1% | 73 | $4K |
| Eurizon Capital SGR S.p.A. | 0.00% | — | 68 | $3K |
| NewEdge Advisors, LLC | 0.00% | No change | 62 | $3K |
| Global Retirement Partners, LLC | 0.00% | No change | 58 | $3K |
| Simplex Trading, LLC | 0.00% | New | 57 | $3K |
| Rothschild Investment LLC | 0.00% | Add +27.9% | 55 | $3K |
| MAI Capital Management | 0.00% | Add +35.7% | 38 | $2K |
| Physician Wealth Advisors, Inc. | 0.00% | New | 34 | $2K |
| Covestor Ltd | 0.00% | Add +25.0% | 15 | $1K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 12 | $577 |
| Aster Capital Management (DIFC) Ltd | 0.00% | Reduce -89.5% | 6 | $289 |
| Smartleaf Asset Management LLC | 0.00% | No change | 5 | $240 |
| SJS Investment Consulting Inc. | 0.00% | New | 3 | $145 |
| Clearstead Advisors, LLC | 0.00% | Reduce -98.7% | 2 | $97 |
| Sunbelt Securities, Inc. | 0.00% | Add +100.0% | 2 | $96 |
| TFC Financial Management, Inc. | 0.00% | No change | 1 | $49 |
"% of holder's portfolio" is MBWM's weight in each manager's 13F, not the share of Mercantile Bank Corp. the manager owns.