Mercantile Bank MBWM Institutional Ownership

NASDAQ MBWM

$60.42 +1.71 (+2.91%)

At close: Oct 22, 2026 · 4:00 PM EDT

Institutions by Trading Activity

205 Institutions

Increased 107 52.2%

Unchanged 36 17.6%

Reduced 62 30.2%

Ownership Statistics

13F · as of 30 Jun, 2026

Institutional Ownership

69.65%

▲+1.98 pp QoQ

Shares Held by Institutions

12.04Mn

of 17.29Mn outstanding

▲+2.99% QoQ

Shares Outstanding

17.29Mn

5.25Mn held outside 13F filers

Institutional Investors

205

filed 13F for Jun 2026

▲+6 vs prior quarter

Net Shares Added (QoQ)

+350.04K

accumulated since last quarter

Value of Holdings

$706.80Mn

reported market value

Shares Owned by Institutions

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Institutions

Accumulated Distributed

Latest quarter —

Net over range —

Accumulating quarters —

Ownership Summary

Updated Oct 11, 2026

Mercantile Bank Corp (NASDAQ:MBWM) was reported as a holding by 205 institutional investors in 13F filings for the quarter ended June 30, 2026.

Together they owned 69.65% of the outstanding stock in Q2 2026, up from 67.67% a quarter earlier.
Total holdings of Mercantile Bank shares rose 2.99% from Q1 2026, and the number of holders rose 6.22% from Q2 2025.
Of the 205 holders, 107 added to their positions, 62 reduced their stakes and 36 left their positions unchanged in Q2 2026.
In total, institutional investors held 12.04Mn shares of Mercantile Bank at the end of Q2 2026, up 350.04K from the prior quarter and up 1.73Mn from a year earlier.
BlackRock, Inc. led 13F holders of MBWM with 1.53Mn shares as of June 30, 2026, or 8.88% of shares outstanding.
Among existing holders, the largest additions to Mercantile Bank in Q2 2026 came from BlackRock, Inc. (+145.68K shares), State Street Corp (+96.17K shares), Citadel Advisors LLC (+64.16K shares), American Century Companies Inc (+63.55K shares) and Two Sigma Investments, LP (+32.09K shares).
Among holders that kept a stake in Mercantile Bank, the biggest sellers in Q2 2026 were Wellington Management Group LLP (-101.03K shares), Bridgeway Capital Management, LLC (-85.3K shares), Empowered Funds, LLC (-48K shares), Renaissance Technologies LLC (-25.6K shares) and Bank of America Corp (-12.74K shares).
Mercantile Bank's 10 largest institutional shareholders as of Q2 2026 were BlackRock, Inc. (1.53Mn shares), Wellington Management Group LLP (1.09Mn shares), Dimensional Fund Advisors LP (1.05Mn shares), Vanguard Capital Management LLC (735.61K shares), American Century Companies Inc (625.01K shares), State Street Corp (598.64K shares), Geode Capital Management, LLC (466.41K shares), Renaissance Technologies LLC (446.61K shares), North Star Asset Management Inc (377.43K shares) and Vanguard Portfolio Management LLC (290.09K shares), per Business Quant data.

Form 13F Holdings

205 Institutional Holders

Report period 30 Jun, 2026

Total shares held 12.04Mn

Of outstanding 69.65%

#	Institution	CIK	Shares Held	% of Outstanding	Change (QoQ)	Change (%)	Value (USD)
1	BlackRock, Inc.	0002012383	1,534,392	8.88%	▲145,678	+10.49%	$88.10Mn
2	WELLINGTON MANAGEMENT GROUP LLP	0000902219	1,087,998	6.29%	▼101,033	-8.50%	$62.47Mn
3	DIMENSIONAL FUND ADVISORS LP	0000354204	1,046,841	6.06%	▲13,953	+1.35%	$60.11Mn
4	VANGUARD CAPITAL MANAGEMENT LLC	0002100119	735,613	4.26%	▲31,289	+4.44%	$42.24Mn
5	AMERICAN CENTURY COMPANIES INC	0000748054	625,015	3.62%	▲63,548	+11.32%	$35.89Mn
6	State Street Corp	0000093751	598,641	3.46%	▲96,173	+19.14%	$34.37Mn
7	GEODE CAPITAL MANAGEMENT, LLC	0001214717	466,410	2.70%	▲31,398	+7.22%	$26.79Mn
8	RENAISSANCE TECHNOLOGIES LLC	0001037389	446,613	2.58%	▼25,600	-5.42%	$25.64Mn
9	NORTH STAR ASSET MANAGEMENT INC	0001056559	377,427	2.18%	▼5,753	-1.50%	$21.67Mn
10	VANGUARD PORTFOLIO MANAGEMENT LLC	0002100121	290,093	1.68%	▲14,772	+5.37%	$16.66Mn
11	LSV ASSET MANAGEMENT	0001050470	280,786	1.62%	▼2,400	-0.85%	$16.12K
12	Northern Trust Corp	0000073124	240,668	1.39%	▲8,068	+3.47%	$13.82Mn
13	Tributary Capital Management, LLC	0001441888	218,146	1.26%	▼6,486	-2.89%	$12.53Mn
14	TWO SIGMA INVESTMENTS, LP	0001179392	213,740	1.24%	▲32,093	+17.67%	$12.27Mn
15	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	0001164833	192,503	1.11%	▲1,350	+0.71%	$11.05Mn
16	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	0000884546	144,188	0.83%	▲3,742	+2.66%	$8.28Mn
17	Jpmorgan Chase & Co	0000019617	140,097	0.81%	▼8,761	-5.89%	$8.01Mn
18	AQR CAPITAL MANAGEMENT LLC	0001167557	137,726	0.80%	▼8,987	-6.13%	$7.91Mn
19	BANC FUNDS CO LLC	0001029311	131,160	0.76%	0	0.00%	$7.53Mn
20	MERCER GLOBAL ADVISORS INC /ADV	0000853758	127,923	0.74%	▼1,334	-1.03%	$7.35Mn

Showing 1 to 20 of 205 holders