MERCANTILE BANK CORP (MBWM) — Institutional Holders, Q2 2026

208 institutional investment managers reported a MBWM position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $688.4M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← MBWM stock profile

MBWM in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

Trimmed

Sold out

Biggest buyers

BlackRockAdded · +145,678 sh+$8.4M
STATE STREETAdded · +96,173 sh+$5.5M
rhino investment partnersNew · +93,925 sh+$5.4M
CITADEL ADVISORSAdded · +64,161 sh+$3.7M
AMERICAN CENTURY COMPANIESAdded · +63,548 sh+$3.6M

Biggest sellers

ProShare AdvisorsSold out · -125,631 sh-$7.2M
WELLINGTON MANAGEMENT GROUP LLPTrimmed · -101,033 sh-$5.8M
BRIDGEWAY CAPITAL MANAGEMENTTrimmed · -85,297 sh-$4.9M
Empowered FundsTrimmed · -48,000 sh-$2.8M
RENAISSANCE TECHNOLOGIESTrimmed · -25,600 sh-$1.5M

MBWM 13F holders ranked 1–100 of 208

Institutional investors reporting a position in MERCANTILE BANK CORP on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 1,534,392 sh	1,534,392	$88.1M	<0.01%	+10.5%
2	WELLINGTON MANAGEMENT GROUP LLP#2 · 1,087,998 sh	1,087,998	$62.5M	0.01%	-8.5%
3	DIMENSIONAL FUND ADVISORS#3 · 1,046,841 sh	1,046,841	$60.1M	0.01%	+1.4%
4	VANGUARD CAPITAL MANAGEMENT#4 · 735,613 sh	735,613	$42.2M	<0.01%	+4.4%
5	AMERICAN CENTURY COMPANIES#5 · 625,015 sh	625,015	$35.9M	0.02%	+11.3%
6	STATE STREET#6 · 598,641 sh	598,641	$34.4M	<0.01%	+19.1%
7	GEODE CAPITAL MANAGEMENT#7 · 466,410 sh	466,410	$26.8M	<0.01%	+7.2%
8	RENAISSANCE TECHNOLOGIES#8 · 446,613 sh	446,613	$25.6M	0.04%	-5.4%
9	NORTH STAR ASSET MANAGEMENT#9 · 377,427 sh	377,427	$21.7M	0.85%	-1.5%
10	VANGUARD PORTFOLIO MANAGEMENT#10 · 290,093 sh	290,093	$16.7M	<0.01%	+5.4%
11	LSV ASSET MANAGEMENT#11 · 280,786 sh	280,786	$16.1M	0.03%	-0.8%
12	NORTHERN#12 · 240,668 sh	240,668	$13.8M	<0.01%	+3.5%
13	Tributary Capital Management#13 · 218,146 sh	218,146	$12.5M	1.03%	-2.9%
14	TWO SIGMA INVESTMENTS#14 · 213,740 sh	213,740	$12.3M	<0.01%	+17.7%
15	HOTCHKIS & WILEY CAPITAL MANAGEMENT#15 · 192,503 sh	192,503	$11.1M	0.03%	+0.7%
16	CHARLES SCHWAB INVESTMENT MANAGEMENT#16 · 144,188 sh	144,188	$8.3M	<0.01%	+2.7%
17	JPMORGAN CHASE#17 · 140,097 sh	140,097	$8.0M	<0.01%	-5.9%
18	AQR CAPITAL MANAGEMENT#18 · 137,726 sh	137,726	$7.9M	<0.01%	-6.1%
19	BANC FUNDS#19 · 131,160 sh	131,160	$7.5M	1.24%	0.0%
20	MERCER GLOBAL ADVISORS#20 · 127,923 sh	127,923	$7.3M	<0.01%	-1.0%
21	MORGAN STANLEY#21 · 123,030 sh	123,030	$7.1M	<0.01%	-3.3%
22	VANGUARD FIDUCIARY#22 · 112,722 sh	112,722	$6.5M	<0.01%	+2.2%
23	GOLDMAN SACHS GROUP#23 · 101,031 sh	101,031	$5.8M	<0.01%	-10.4%
24	Bank of New York Mellon#24 · 98,102 sh	98,102	$5.6M	<0.01%	+5.9%
25	rhino investment partners#25 · 93,925 sh	93,925	$5.4M	1.63%	New
26	CITADEL ADVISORS#26 · 93,094 sh	93,094	$5.3M	<0.01%	+221.8%
27	Siena Capital Partners GP#27 · 83,966 sh	83,966	$4.8M	1.17%	0.0%
28	De Lisle Partners LLP#28 · 75,649 sh	75,649	$4.3M	0.47%	0.0%
29	jvl associates#29 · 67,194 sh	67,194	$3.9M	—	+2.6%
30	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#30 · 64,904 sh	64,904	$3.7M	<0.01%	0.0%
31	ENVESTNET ASSET MANAGEMENT#31 · 62,019 sh	62,019	$3.6M	<0.01%	-5.9%
32	MALTESE CAPITAL MANAGEMENT#32 · 60,000 sh	60,000	$3.4M	0.63%	New
33	FRANKLIN RESOURCES#33 · 55,462 sh	55,462	$3.2M	<0.01%	+4.5%
34	AMERIPRISE FINANCIAL#34 · 55,186 sh	55,186	$3.2M	<0.01%	+0.1%
35	Elizabeth Park Capital Advisors, Ltd.#35 · 50,971 sh	50,971	$2.9M	2.02%	0.0%
36	HRT FINANCIAL#36 · 48,934 sh	48,934	$2.8M	<0.01%	New
37	Connor, Clark & Lunn Investment Management Ltd.#37 · 48,392 sh	48,392	$2.8M	<0.01%	-0.9%
38	RAYMOND JAMES FINANCIAL#38 · 47,323 sh	47,323	$2.7M	<0.01%	-1.7%
39	Rosenthal {-} Henry Capital Advisors#39 · 45,000 sh	45,000	$2.6M	2.26%	0.0%
40	WELLS FARGO & COMPANY#40 · 40,984 sh	40,984	$2.4M	<0.01%	+25.1%
41	BRIDGEWAY CAPITAL MANAGEMENT#41 · 40,972 sh	40,972	$2.4M	0.04%	-67.6%
42	Quantinno Capital Management#42 · 40,940 sh	40,940	$2.4M	<0.01%	+53.1%
43	Nuveen#43 · 39,563 sh	39,563	$2.3M	<0.01%	+28.2%
44	Creative Planning#44 · 39,195 sh	39,195	$2.3M	<0.01%	+7.7%
45	Swiss National Bank#45 · 32,900 sh	32,900	$1.9M	<0.01%	+8.2%
46	Empowered Funds#46 · 30,969 sh	30,969	$1.8M	<0.01%	-60.8%
47	LaFleur & Godfrey#47 · 30,595 sh	30,595	$1.8M	0.21%	-2.9%
48	Abundance Wealth Counselors#48 · 28,011 sh	28,011	$1.6M	—	New
49	RMB Capital Management#49 · 26,654 sh	26,654	$1.5M	0.02%	0.0%
50	UBS Group AG#50 · 26,490 sh	26,490	$1.5M	<0.01%	-25.7%
51	OSAIC#51 · 25,270 sh	25,270	$1.5M	<0.01%	-0.3%
52	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#52 · 24,134 sh	24,134	$1.4M	<0.01%	-0.7%
53	BANK OF AMERICA#53 · 24,033 sh	24,033	$1.4M	<0.01%	-34.7%
54	Invesco Ltd.#54 · 23,693 sh	23,693	$1.4M	<0.01%	+5.1%
55	XTX Topco Ltd#55 · 23,119 sh	23,119	$1.3M	0.02%	+165.6%
56	Focus Partners Advisor Solutions#56 · 22,731 sh	22,731	$1.3M	0.01%	-3.0%
57	CREDIT AGRICOLE S A#57 · 22,442 sh	22,442	$1.3M	<0.01%	0.0%
58	BARCLAYS PLC#58 · 21,943 sh	21,943	$1.3M	<0.01%	+3.5%
59	State of New Jersey Common Pension Fund D#59 · 21,761 sh	21,761	$1.2M	<0.01%	New
60	RHUMBLINE ADVISERS#60 · 21,405 sh	21,405	$1.2M	<0.01%	+4.0%
61	Man Group plc#61 · 19,924 sh	19,924	$1.1M	<0.01%	+21.1%
62	Discipline Wealth Solutions#62 · 19,826 sh	19,826	$1.1M	—	0.0%
63	Cerity Partners#63 · 19,632 sh	19,632	$1.1M	<0.01%	-8.1%
64	VICTORY CAPITAL MANAGEMENT#64 · 19,450 sh	19,450	$1.1M	<0.01%	+6.9%
65	ALLIANCEBERNSTEIN L.P.#65 · 21,561 sh	21,561	$1.1M	<0.01%	+0.1%
66	FEDERATED HERMES#66 · 18,005 sh	18,005	$1.0M	<0.01%	+15.2%
67	DEUTSCHE BANK AG\#67 · 17,934 sh	17,934	$1.0M	<0.01%	+42.1%
68	IEQ CAPITAL#68 · 17,704 sh	17,704	$1.0M	<0.01%	-11.8%
69	BAILARD#69 · 17,601 sh	17,601	$1.0M	—	+1.1%
70	CITIGROUP#70 · 17,597 sh	17,597	$1.0M	<0.01%	+58.6%
71	Baird Financial Group#71 · 17,475 sh	17,475	$1.0M	<0.01%	0.0%
72	Pathstone#72 · 17,384 sh	17,384	$998.2K	<0.01%	-3.2%
73	Round Hill Asset Management#73 · 16,925 sh	16,925	$971.8K	0.61%	0.0%
74	WEDGE CAPITAL MANAGEMENT L L P#74 · 16,159 sh	16,159	$927.9K	—	-1.6%
75	ACTION POINT FINANCIAL PLANNING#75 · 15,923 sh	15,923	$914.3K	0.09%	New
76	CHICAGO NA#76 · 15,591 sh	15,591	$895.2K	0.13%	0.0%
77	Atom Investors#77 · 15,145 sh	15,145	$869.6K	0.08%	New
78	STRS OHIO#78 · 14,400 sh	14,400	$826.8K	<0.01%	+8.3%
79	LPL Financial#79 · 14,334 sh	14,334	$823.1K	<0.01%	-0.6%
80	PRICE T ROWE ASSOCIATES#80 · 14,139 sh	14,139	$812.0K	<0.01%	+24.2%
81	LVM CAPITAL MANAGEMENT LTD#81 · 13,877 sh	13,877	$797.0K	—	-0.7%
82	Hennion & Walsh Asset Management#82 · 13,219 sh	13,219	$759.0K	—	-0.6%
83	STATE OF WISCONSIN INVESTMENT BOARD#83 · 12,939 sh	12,939	$743.0K	<0.01%	+36.5%
84	Legal & General Group Plc#84 · 12,752 sh	12,752	$732.2K	<0.01%	-12.3%
85	VANGUARD ASSET MANAGEMENT, Ltd#85 · 12,724 sh	12,724	$730.6K	<0.01%	+38.5%
86	BLAIR WILLIAM#86 · 12,276 sh	12,276	$704.9K	<0.01%	+0.7%
87	CANADA PENSION PLAN INVESTMENT BOARD#87 · 11,900 sh	11,900	$683.3K	<0.01%	0.0%
88	Inspire Investing#88 · 11,867 sh	11,867	$681.4K	—	+16.8%
89	Daytona Street Capital#89 · 11,856 sh	11,856	$673.8K	—	-3.3%
90	JACOBS LEVY EQUITY MANAGEMENT#90 · 11,722 sh	11,722	$673.1K	<0.01%	-3.3%
91	Point72 Asset Management, L.P.#91 · 11,634 sh	11,634	$668.0K	<0.01%	New
92	Shakespeare Wealth Management#92 · 11,574 sh	11,574	$664.6K	0.18%	0.0%
93	THRIVENT FINANCIAL FOR LUTHERANS#93 · 11,419 sh	11,419	$655.0K	<0.01%	0.0%
94	Strategies Wealth Advisors#94 · 11,136 sh	11,136	$639.4K	0.06%	+0.3%
95	JONES FINANCIAL COMPANIES LLLP#95 · 10,971 sh	10,971	$626.3K	<0.01%	-3.0%
96	Allianz Asset Management GmbH#96 · 12,332 sh	12,332	$622.8K	<0.01%	0.0%
97	Bluebird Wealth Management#97 · 10,612 sh	10,612	$609.3K	0.53%	New
98	ROYAL BANK OF CANADA#98 · 10,611 sh	10,611	$609.0K	<0.01%	-8.2%
99	Janney Montgomery Scott#99 · 10,152 sh	10,152	$583.0K	<0.01%	+1.2%
100	NATIXIS ADVISORS#100 · 10,142 sh	10,142	$582.0K	<0.01%	-4.7%

Funds that sold out of MBWM in Q2 2026 (22)

Held MBWM at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held MBWM in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
ProShare Advisors125,631 sh	125,631	$6.3M
Wakefield Asset Management LLLP22,830 sh	22,830	$1.2M
Qube Research & Technologies Ltd21,010 sh	21,010	$1.1M
LAZARD ASSET MANAGEMENT17,569 sh	17,569	$887.2K
GSA CAPITAL PARTNERS LLP14,922 sh	14,922	$754.0K
Y-Intercept (Hong Kong) Ltd14,032 sh	14,032	$708.6K
SUSQUEHANNA INTERNATIONAL GROUP, LLP12,693 sh	12,693	$641.0K
PANAGORA ASSET MANAGEMENT7,894 sh	7,894	$398.6K
PRUDENTIAL FINANCIAL7,105 sh	7,105	$358.8K
ZACKS INVESTMENT MANAGEMENT6,939 sh	6,939	$350.4K
Abacus Wealth Partners6,323 sh	6,323	$319.3K
EP Wealth Advisors5,996 sh	5,996	$302.8K
LeClair Wealth Partners5,826 sh	5,826	$294.2K
Universal- Beteiligungs- und Servicegesellschaft mbH5,392 sh	5,392	$272.3K
JANE STREET GROUP4,654 sh	4,654	$235.0K
Squarepoint Ops4,635 sh	4,635	$234.1K
QUADRANT CAPITAL GROUP1,782 sh	1,782	$94.0K
Aquatic Capital Management336 sh	336	$17.0K
MAI Capital Management42 sh	42	$2.1K
Root Financial Partners26 sh	26	$1.3K
NORTHWESTERN MUTUAL WEALTH MANAGEMENT18 sh	18	$909.00
TWIN PEAKS WEALTH ADVISORS8 sh	8	$404.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.