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
+$18,756,244
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% $48,564,327 1,223,591 BlackRock, Inc. 31 Mar 2025
VANGUARD GROUP INC 6.4% $48,236,651 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 127,848 $6,154,143 -$516,956 $48.10 15
2025 Q3 10,863,871 $488,886,855 +$18,756,244 $45.00 198
2025 Q2 10,419,226 $483,578,601 +$2,319,075 $46.41 194
2025 Q1 10,396,976 $451,661,203 +$3,757,697 $43.44 193
2024 Q4 10,287,097 $457,638,184 +$13,021,558 $44.49 178
2024 Q3 9,968,474 $435,506,245 +$4,609,690 $43.72 160
2024 Q2 9,838,535 $399,126,506 +$7,152,043 $40.57 160
2024 Q1 9,672,680 $372,329,145 +$6,993,581 $38.49 153
2023 Q4 9,445,794 $381,423,015 +$11,595,105 $40.38 141
2023 Q3 9,165,128 $283,289,338 +$4,561,025 $30.91 131
2023 Q2 9,053,634 $250,138,193 -$2,218,763 $27.62 116
2023 Q1 9,094,065 $278,024,632 +$6,327,631 $30.58 125
2022 Q4 8,974,884 $300,477,169 +$6,342,442 $33.48 131
2022 Q3 8,809,689 $261,750,434 -$3,007,806 $29.71 118
2022 Q2 8,859,006 $283,037,450 +$9,888,207 $31.95 126
2022 Q1 8,684,426 $307,673,794 +$7,351,559 $35.42 121
2021 Q4 8,476,688 $296,890,129 +$2,200,043 $35.03 118
2021 Q3 8,396,693 $268,843,156 -$6,585,348 $32.03 112
2021 Q2 8,601,304 $259,880,687 -$8,580,353 $30.20 110
2021 Q1 8,877,213 $288,413,414 -$3,697,437 $32.47 113
2020 Q4 8,992,541 $244,331,400 +$6,611,132 $27.17 99
2020 Q3 8,688,099 $156,565,475 -$3,248,352 $18.02 93
2020 Q2 8,843,279 $199,807,648 -$15,141 $22.60 98
2020 Q1 8,852,287 $187,375,046 -$9,538,073 $21.17 95
2019 Q4 9,164,300 $334,213,054 +$6,368,115 $36.47 110
2019 Q3 8,990,391 $294,887,884 +$160,827 $32.80 107
2019 Q2 8,986,142 $292,723,424 +$5,492,638 $32.58 102
2019 Q1 8,884,550 $290,696,548 -$2,077,150 $32.72 101
2018 Q4 8,941,903 $253,232,883 -$8,972,251 $28.26 102
2018 Q3 9,250,559 $308,678,031 +$5,630,117 $33.37 105
2018 Q2 9,077,627 $335,292,260 +$8,572,796 $36.96 104
2018 Q1 8,863,253 $294,705,324 +$3,635,039 $33.25 105
2017 Q4 8,772,031 $310,272,010 +$5,526,680 $35.37 96
2017 Q3 8,592,960 $299,900,248 -$3,358,176 $34.90 91
2017 Q2 8,710,003 $274,188,023 +$3,677,469 $31.48 89
2017 Q1 8,586,343 $295,371,842 +$44,877,026 $34.40 95
2016 Q4 8,099,151 $305,287,340 +$8,483,006 $37.70 91
2016 Q3 7,785,609 $208,981,116 +$5,671,253 $26.85 82
2016 Q2 7,614,332 $181,674,543 +$4,392,252 $23.86 83
2016 Q1 7,442,825 $166,911,906 +$3,474,997 $22.42 72
2015 Q4 7,285,964 $178,810,475 +$4,681,274 $24.54 75
2015 Q3 7,128,479 $148,126,200 -$950,978 $20.78 75
2015 Q2 7,160,712 $153,306,999 -$5,558,042 $21.41 66
2015 Q1 7,420,243 $145,031,361 -$1,335,548 $19.55 61
2014 Q4 7,484,810 $157,214,979 +$1,674,375 $21.02 64
2014 Q3 7,411,677 $141,196,053 +$2,802,732 $19.05 64
2014 Q2 7,233,043 $165,426,489 +$66,489,207 $22.88 68
2014 Q1 4,375,340 $90,208,050 +$4,172,664 $20.62 57