Mercantile Bank Corp (MBWM) Institutional Ownership

Institutions by Trading Activity

16,249,267Shares Outstanding

10,833,286Shares held by institutions

$557,480,898Value of institutional holdings

66.67%Institutional ownership %

-0.65%Shares Changed QoQ

184No. of institutional investors

Mercantile Bank Corp (NASDAQ:MBWM) is held by 184 institutional investors per 13F filings through December 2025.

Collectively, these holders controlled 65.7% of Mercantile Bank's outstanding shares in December 2025, down from 68.7% in September 2025.
Their total shares held in MBWM decreased -1.47% quarter over quarter, and separately, investors owning Mercantile Bank stayed flat from a year ago.
Of these 184 holders, 72 added to their stakes in Mercantile Bank, 81 trimmed positions, and 31 made no changes.
Institutional investors collectively held 10.68Mn shares in Mercantile Bank as of December 2025, down by 159.88K shares quarter on quarter, and up 565.08K shares year over year.
LVM CAPITAL MANAGEMENT LTD/MI leads ownership in MBWM with 13.98K shares as of December 31, 2025, equal to 0.09% of outstanding shares.
Per Business Quant data, the top 1 holders of Mercantile Bank for the quarter ending December 2025 are LVM CAPITAL MANAGEMENT LTD/MI (13.98K).

10,833,286 Total Shares Held

Rows:

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
BlackRock, Inc.	31 Dec, 2025	1,438,885	6,810	0.48%	$69,210,361.00
VANGUARD GROUP INC	31 Dec, 2025	1,066,368	27,403	2.64%	$51,292,301.00
DIMENSIONAL FUND ADVISORS LP	31 Dec, 2025	1,031,485	-16,861	-1.61%	$49,614,163.00
AMERICAN CENTURY COMPANIES INC	31 Dec, 2025	517,904	23,537	4.76%	$24,911,182.00
RENAISSANCE TECHNOLOGIES LLC	31 Dec, 2025	496,213	5,800	1.18%	$23,867,845.00
State Street Corp	31 Dec, 2025	447,016	-23,706	-5.04%	$21,501,470.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	402,616	-9,582	-2.32%	$19,369,903.00
NORTH STAR ASSET MANAGEMENT INC	31 Dec, 2025	374,544	19,204	5.40%	$18,015,566.00
LSV ASSET MANAGEMENT	31 Dec, 2025	295,086	-5,200	-1.73%	$14,194.00
WELLINGTON MANAGEMENT GROUP LLP	31 Dec, 2025	294,813	294,813	0.00%	$14,180,506.00
Goldman Sachs Group Inc	31 Dec, 2025	266,998	159,248	147.79%	$12,842,636.00
Tributary Capital Management, LLC	31 Dec, 2025	231,259	-266,143	-53.51%	$11,123,571.00
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	31 Dec, 2025	202,623	910	0.45%	$9,746,166.00
Jpmorgan Chase & Co	31 Dec, 2025	195,038	-234,256	-54.57%	$9,381,329.00
Northern Trust Corp	31 Dec, 2025	166,998	-6,986	-4.02%	$8,032,604.00
Morgan Stanley	31 Dec, 2025	159,614	-8,427	-5.01%	$7,677,555.00
AQR CAPITAL MANAGEMENT LLC	31 Dec, 2025	159,564	-21,947	-12.09%	$7,675,017.00
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	31 Dec, 2025	133,288	-74	-0.06%	$6,411,153.00
BANC FUNDS CO LLC	31 Dec, 2025	130,841	-29,411	-18.35%	$6,293,452.00
ProShare Advisors LLC	31 Dec, 2025	130,082	-356	-0.27%	$6,256,945.00

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