Mercantile Bank Corp (MBWM) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

16,272,603Shares Outstanding

284,433Shares held by institutions

$15,456,089Value of institutional holdings

64.32%Institutional ownership %

3.58%Shares Changed QoQ

174No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

According to SEC filings for the period ending December 2025, Mercantile Bank Corp (NASDAQ:MBWM) is held by 174 institutional firms.

Mercantile Bank saw its institutional ownership percentage fell to 64.3% in December 2025 from 65.2% in September 2025.
In percentage terms, this reflects as a holdings change of 3.58% quarter on quarter, and a decrease of 1.14% year over year.
Among the 174 institutional holders of Mercantile Bank, 67 added to their stakes while 77 trimmed their positions and 30 held steady.
The aggregate institutional position in Mercantile Bank now stands at 10.47Mn shares as of December 2025, after investors increased their holdings (up by 362.12K shares quarter on quarter which is up 206.46K shares year over year).
BlackRock, Inc. continues to be the largest institutional holder of Mercantile Bank as of December 31, 2025, with a position of 1.44Mn shares, representing 8.84% of the company's outstanding stock.
Among the most significant buyers of Mercantile Bank during December 2025 were WELLINGTON MANAGEMENT GROUP LLP (294.81K), Siena Capital Partners GP, LLC (63.97K), Elizabeth Park Capital Advisors, Ltd. (50.97K), TWO SIGMA INVESTMENTS, LP (42.19K), CITADEL ADVISORS LLC (36.73K).
Leading sellers of Mercantile Bank stock in December 2025 included MILLENNIUM MANAGEMENT LLC (58.90K), BANC FUNDS CO LLC (29.41K), Nuveen, LLC (26.77K), STATE STREET CORP (23.71K), TUDOR INVESTMENT CORP ET AL (23.10K).
The top 10 institutional holders of Mercantile Bank for the quarter ending December 2025 included BlackRock, Inc. (1.44Mn), VANGUARD GROUP INC (1.07Mn), DIMENSIONAL FUND ADVISORS LP (1.03Mn), AMERICAN CENTURY COMPANIES INC (517.90K), RENAISSANCE TECHNOLOGIES LLC (496.21K), STATE STREET CORP (447.02K), GEODE CAPITAL MANAGEMENT, LLC (402.62K), NORTH STAR ASSET MANAGEMENT INC (374.54K), LSV ASSET MANAGEMENT (295.09K), WELLINGTON MANAGEMENT GROUP LLP (294.81K).

174 Institutional Holders

284,433 Total Shares Held

Rows:

Download Data

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
Tributary Capital Management, LLC	31 Dec, 2025	231,259	-17,442	-7.01%	$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	-19,609	-9.14%	$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
GOLDMAN SACHS GROUP INC	31 Dec, 2025	133,499	25,749	23.90%	$6,421,318.00
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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