MERCANTILE BANK CORP - Common Stock (MBWM) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
MBWM on Nasdaq
Shares outstanding
16,239,984
Price per share
$48.10
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
10,863,871
Total reported value
$488,886,855
% of total 13F portfolios
0%
Share change
+420,158
Value change
+$18,756,256
Number of holders
198
Price from insider filings
$48.10
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of MERCANTILE BANK CORP - Common Stock (MBWM) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BlackRock, Inc. 7.5% $47,512,039 1,223,591 BlackRock, Inc. 31 Mar 2025
VANGUARD GROUP INC 6.4% $45,482,350 1,039,359 The Vanguard Group 30 Jun 2025

As of 30 Sep 2025, 198 institutional investors reported holding 10,863,871 shares of MERCANTILE BANK CORP - Common Stock (MBWM). This represents 67% of the company’s total 16,239,984 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of MERCANTILE BANK CORP - Common Stock (MBWM) together control 53% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 8.8% 1,432,075 -5% 0% $64,443,367
DIMENSIONAL FUND ADVISORS LP 6.5% 1,048,346 -1.4% 0.01% $47,175,291
VANGUARD GROUP INC 6.4% 1,038,965 -0.04% 0% $46,753,425
Tributary Capital Management, LLC 3.1% 497,402 +93% 1.1% $22,383,116
AMERICAN CENTURY COMPANIES INC 3% 494,367 +9.2% 0.01% $22,246,515
RENAISSANCE TECHNOLOGIES LLC 3% 490,413 +1.1% 0.03% $22,068,585
STATE STREET CORP 2.9% 470,722 +9.6% 0% $21,182,490
GEODE CAPITAL MANAGEMENT, LLC 2.5% 412,198 +1.6% 0% $18,551,812
NORTH STAR ASSET MANAGEMENT INC 2.2% 355,340 -0.34% 0.65% $15,990,300
LSV ASSET MANAGEMENT 1.8% 300,286 -5.6% 0.03% $13,513,000
JPMORGAN CHASE & CO 1.3% 214,647 +38% 0% $9,659,115
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.2% 201,713 +37% 0.03% $9,077,085
AQR CAPITAL MANAGEMENT LLC 1.1% 181,511 +66% 0.01% $8,167,984
NORTHERN TRUST CORP 1.1% 173,984 -1.4% 0% $7,829,280
MORGAN STANLEY 1% 168,041 +48% 0% $7,561,891
BANC FUNDS CO LLC 0.99% 160,252 -18% 1.3% $7,211,340
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.82% 133,362 +0.38% 0% $6,001,290
ProShare Advisors LLC 0.8% 130,438 -5.8% 0.01% $5,869,710
BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.7% 113,164 +5.1% 0.11% $5,092,380
MERCER GLOBAL ADVISORS INC /ADV 0.68% 110,593 +3.9% 0.01% $4,976,668
GOLDMAN SACHS GROUP INC 0.66% 107,750 +32% 0% $4,848,765
Bank of New York Mellon Corp 0.59% 96,289 +0.81% 0% $4,333,001
MILLENNIUM MANAGEMENT LLC 0.51% 82,607 -44% 0% $3,717,315
MALTESE CAPITAL MANAGEMENT LLC 0.5% 82,000 -18% 0.56% $3,690,000
TWO SIGMA INVESTMENTS, LP 0.48% 77,989 +110% 0.01% $3,509,505

Institutional Holders of MERCANTILE BANK CORP - Common Stock (MBWM) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 87,975 $4,236,252 -$201,420 $48.10 8
2025 Q3 10,863,871 $488,886,855 +$18,756,256 $45.00 198
2025 Q2 10,419,226 $483,578,601 +$2,319,074 $46.41 194
2025 Q1 10,396,976 $451,661,645 +$3,757,695 $43.44 193
2024 Q4 10,286,899 $457,628,588 +$13,012,680 $44.49 178
2024 Q3 9,968,474 $435,506,362 +$4,575,325 $43.72 160
2024 Q2 9,839,320 $399,158,578 +$7,113,747 $40.57 161
2024 Q1 9,674,409 $372,357,209 +$7,841,884 $38.49 154
2023 Q4 11,484 $463,724 -$19,382 $40.38 1
2023 Q3 9,165,128 $283,288,922 +$4,499,296 $30.91 131
2023 Q2 9,053,634 $250,138,103 -$2,218,739 $27.62 116
2023 Q1 8,971,625 $274,280,718 +$6,400,584 $30.58 124
2022 Q4 8,967,903 $300,243,863 +$6,310,943 $33.48 130
2022 Q3 8,506,166 $252,731,028 -$1,683,812 $29.71 115
2022 Q2 8,507,372 $271,800,450 +$6,576,413 $31.95 123
2022 Q1 8,672,782 $307,261,794 +$7,322,486 $35.42 120
2021 Q4 8,464,727 $296,471,129 +$2,172,657 $35.03 117
2021 Q3 8,176,450 $261,790,156 -$5,080,956 $32.03 111
2021 Q2 6,975,965 $210,793,687 -$5,565,329 $30.20 108
2021 Q1 8,866,644 $288,067,414 -$2,100,308 $32.47 114
2020 Q4 8,733,863 $237,303,400 +$6,915,895 $27.17 98
2020 Q3 7,905,265 $142,459,475 -$3,052,460 $18.02 92
2020 Q2 8,843,279 $199,807,648 -$25,544 $22.60 98
2020 Q1 8,064,720 $170,712,046 -$9,595,006 $21.17 92
2019 Q4 9,164,300 $334,213,054 +$6,367,422 $36.47 110
2019 Q3 8,976,868 $294,444,884 +$134,456 $32.80 106
2019 Q2 8,982,094 $292,593,424 +$5,450,082 $32.58 101
2019 Q1 8,881,827 $290,608,548 -$2,152,865 $32.72 100
2018 Q4 8,941,813 $253,230,883 -$8,772,821 $28.26 101
2018 Q3 9,081,142 $303,024,031 +$2,808,887 $33.37 102
2018 Q2 9,008,422 $332,733,260 +$8,099,837 $36.96 102
2018 Q1 8,863,253 $294,705,324 +$3,632,599 $33.25 105
2017 Q4 8,524,528 $301,517,010 +$5,279,735 $35.37 93
2017 Q3 8,392,831 $292,916,248 -$2,224,057 $34.90 89
2017 Q2 8,477,376 $266,865,023 +$3,563,705 $31.48 87
2017 Q1 8,359,377 $287,563,842 +$42,695,578 $34.40 94
2016 Q4 7,904,681 $297,957,340 +$7,387,693 $37.70 87
2016 Q3 7,778,294 $208,786,116 +$6,746,967 $26.85 81
2016 Q2 7,428,497 $177,241,543 +$3,466,093 $23.86 80
2016 Q1 7,442,825 $166,911,906 +$3,592,535 $22.42 72
2015 Q4 7,277,017 $178,593,475 +$5,642,539 $24.54 74
2015 Q3 7,079,803 $147,116,200 -$545,148 $20.78 73
2015 Q2 6,997,713 $149,816,999 -$5,459,532 $21.41 65
2015 Q1 7,420,243 $145,031,361 -$1,335,543 $19.55 61
2014 Q4 7,484,810 $157,214,979 +$1,758,165 $21.02 64
2014 Q3 7,411,677 $141,196,053 +$2,802,737 $19.05 64
2014 Q2 7,233,043 $165,426,489 +$66,489,227 $22.88 68
2014 Q1 4,375,340 $90,208,050 +$3,196,665 $20.62 57