Mercantile Bank Corporation (MBWM) Ownership

36.94 ↑0.48 (1.32%)

As of April 23, 2024, 3:59pm EST.

Institutions
Mutual Funds

Institutional Ownership

BlackRock Inc is the biggest individual institutional holder of Mercantile Bank Corporation (MBWM), owning a total of 1.6 million shares. Combined, the top 27 institutional holders of MBWM own 52.64% of the company with a total of 8.5 million shares.

In the latest ownership report on December 31st 2023, the top 27 institutional holders increased their combined ownership of MBWM by 184 thousand shares. 13 institutions bought 264,140 total additional shares and increased their ownership by an average of 8.39%. However 6 institutions sold 80,143 total shares and decreased their ownership by an average of 4.78%.

Overall this is a positive sign as the number of shares owned by the top 20 institutional holders of Mercantile Bank Corporation increased by a net total of 183,997 in the latest quarter.

Institution Ownership Chart

Latest Institutional Ownership Changes

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
BlackRock Inc	9.648%	9.191%	1,554,923	130,877	2023-12-31
Dimensional Fund Advisors, Inc.	7.146%	0.028%	1,151,731	317	2023-12-31
Vanguard Group Inc	4.863%	-2.019%	783,718	-16,147	2023-12-31
Renaissance Technologies Corp	3.341%	0.692%	538,413	3,700	2023-12-31
Banc Funds Co LLC	2.926%	-4.380%	471,558	-21,600	2023-12-31
State Street Corporation	2.488%	1.595%	400,905	6,294	2023-12-31
NorthStar Asset Management, Inc.	2.248%	0.465%	362,309	1,677	2023-12-31
Geode Capital Management, LLC	2.084%	4.314%	335,905	13,892	2023-12-31
Tributary Capital Management, LLC	1.944%	-1.756%	313,311	-5,600	2023-12-31
LSV Asset Management	1.320%	0.000%	212,678	0	2023-12-31
American Century Companies Inc	1.309%	27.793%	211,035	45,897	2023-12-31
Charles Schwab Investment Management Inc	1.235%	1.651%	199,041	3,232	2023-12-31
Northern Trust Corp	1.207%	2.721%	194,563	5,154	2023-12-31
Stieven Capital Advisors, L.p.	1.174%	-11.673%	189,173	-25,000	2023-12-31
Hotchkis & Wiley Capital Management LLC	0.798%	-6.225%	128,640	-8,540	2023-12-31
Bank of New York Mellon Corp	0.756%	-2.602%	121,864	-3,256	2023-12-31
Mercer Global Advisors Inc.	0.697%	29.704%	112,377	25,736	2023-12-31
Morgan Stanley - Brokerage Accounts	0.679%	12.415%	109,476	12,090	2023-12-31
Royal Bank of Canada	0.575%	14.071%	92,692	11,434	2023-12-31
Bridgeway Capital Management, LLC	0.561%	4.440%	90,337	3,840	2023-12-31

Top Institutions

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
BlackRock Inc	9.648%	9.191%	1,554,923	130,877	2023-12-31
Dimensional Fund Advisors, Inc.	7.146%	0.028%	1,151,731	317	2023-12-31
Vanguard Group Inc	4.863%	-2.019%	783,718	-16,147	2023-12-31
Renaissance Technologies Corp	3.341%	0.692%	538,413	3,700	2023-12-31
Banc Funds Co LLC	2.926%	-4.380%	471,558	-21,600	2023-12-31
State Street Corporation	2.488%	1.595%	400,905	6,294	2023-12-31
NorthStar Asset Management, Inc.	2.248%	0.465%	362,309	1,677	2023-12-31
North Star Asset Management Inc	2.251%	0.669%	360,632	2,398	2023-09-30
Geode Capital Management, LLC	2.084%	4.314%	335,905	13,892	2023-12-31
Tributary Capital Management, LLC	1.944%	-1.756%	313,311	-5,600	2023-12-31
LSV Asset Management	1.320%	0.000%	212,678	0	2023-12-31
American Century Companies Inc	1.309%	27.793%	211,035	45,897	2023-12-31
Charles Schwab Investment Management Inc	1.235%	1.651%	199,041	3,232	2023-12-31
Northern Trust Corp	1.207%	2.721%	194,563	5,154	2023-12-31
Stieven Capital Advisors, L.p.	1.174%	-11.673%	189,173	-25,000	2023-12-31
Millennium Management LLC	0.852%	20.712%	136,461	23,414	2023-03-31
Hotchkis & Wiley Capital Management LLC	0.798%	-6.225%	128,640	-8,540	2023-12-31
Bank of New York Mellon Corp	0.756%	-2.602%	121,864	-3,256	2023-12-31
Mercer Global Advisors Inc.	0.697%	29.704%	112,377	25,736	2023-12-31
Morgan Stanley - Brokerage Accounts	0.679%	12.415%	109,476	12,090	2023-12-31
Acadian Asset Management LLC	0.627%	-21.316%	100,466	-27,216	2023-03-31
Royal Bank of Canada	0.575%	14.071%	92,692	11,434	2023-12-31
Bridgeway Capital Management, LLC	0.561%	4.440%	90,337	3,840	2023-12-31
Sanford Advisory Services, LLC	0.542%	0.000%	86,640	0	2022-12-31
Oberweis Asset Management Inc	0.531%	36.334%	85,603	22,814	2023-09-30
Jvl Associates, LLC	0.429%	0.000%	68,014	0	2022-09-30
Rhino Investment Partners, Inc.	0.408%	-37.811%	64,711	-39,344	2022-09-30

Mutual Fund Ownership

Vanguard Total Stock Mkt Idx Inv is the biggest individual fund holder of Mercantile Bank Corporation (MBWM), owning a total of 445 thousand shares. Combined, the top 30 mutual fund holders of MBWM own 28.87% of the company with a total of 4.6 million shares.

In the latest ownership report on March 31st 2024, the top 30 fund holders increased their combined ownership of MBWM by 8 thousand shares. 2 funds bought 9,427 total additional shares and increased their ownership by an average of 4.71%. However 1 funds sold 1,476 total shares and decreased their ownership by an average of 1.51%.

Overall this is a positive sign as the number of shares owned by the top 20 mutual funds holding Mercantile Bank Corporation increased by a net total of 7,951 in the latest report.

Mutual Funds Chart

Latest Mutual Fund Ownership Changes

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
Tributary Small Cap Equity	1.195%	0.641%	192,624	1,227	2024-03-31
State St Russell Sm/Mid Cp® Indx NL Cl C	0.630%	8.778%	101,616	8,200	2024-03-31
SPDR® S&P Regional Banking ETF	0.596%	-1.514%	96,032	-1,476	2024-03-31
First Trust RBA Amer Indl RenaisTM ETF	0.586%	0.000%	94,470	0	2024-03-31

Top Mutual Funds

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
Vanguard Total Stock Mkt Idx Inv	2.761%	0.000%	445,144	0	2024-02-29
Vanguard Instl Ttl Stck Mkt Idx Tr	2.775%	2.055%	444,626	8,951	2023-03-31
iShares Russell 2000 ETF	2.570%	1.970%	414,407	8,004	2024-03-28
DFA US Small Cap Value I	2.125%	0.000%	342,612	0	2024-02-29
Avantis US Small Cap Value ETF	1.356%	0.000%	218,576	0	2024-03-29
Vanguard Extended Market Index Investor	1.342%	-0.034%	215,005	-74	2023-08-31
Vanguard Institutional Extnd Mkt Idx Tr	1.271%	1.989%	204,856	3,996	2024-02-29
Tributary Small Cap Equity	1.195%	0.641%	192,624	1,227	2024-03-31
DFA US Targeted Value I	1.047%	0.000%	168,796	0	2024-02-29
Fidelity Small Cap Index	0.991%	1.802%	159,728	2,827	2024-01-31
Tributary Small Company Instl	0.991%	1.208%	159,713	1,906	2024-02-29
iShares Russell 2000 Value ETF	0.965%	-0.064%	155,497	-99	2024-03-28
Fidelity® Small Cap Index	0.950%	2.602%	152,237	3,861	2023-10-31
Avantis® U.S. Small Cap Value ETF	0.822%	0.000%	131,617	0	2023-07-29
DFA US Small Cap I	0.739%	0.000%	119,105	0	2024-02-29
State St Russell Sm/Mid Cp® Indx NL Cl C	0.630%	8.778%	101,616	8,200	2024-03-31
SPDR® S&P Regional Banking ETF	0.596%	-1.514%	96,032	-1,476	2024-03-31
First Trust RBA Amer Indl RenaisTM ETF	0.586%	0.000%	94,470	0	2024-03-31
Dimensional US Targeted Value ETF	0.556%	0.000%	89,607	0	2024-03-29
Fidelity Extended Market Index	0.509%	-0.483%	82,080	-398	2024-02-29
Schwab Small-Cap Equity	0.500%	0.000%	80,576	0	2023-12-31
DFA US Micro Cap I	0.499%	0.000%	80,498	0	2024-02-29
Fidelity® Extended Market Index	0.498%	2.104%	79,827	1,645	2023-11-30
Schwab US Small-Cap ETF™	0.425%	0.000%	68,520	0	2024-03-29
Oberweis Micro-Cap	0.384%	0.000%	61,800	0	2023-12-31
Oberweis Micro-Cap Growth	0.383%	0.000%	61,800	0	2023-12-31
BlackRock Advantage Small Cap Core Instl	0.378%	0.000%	60,878	0	2023-12-31
State St Russell Sm Cap® Indx SL Cl I	0.365%	0.000%	58,545	0	2023-10-31
State St Russell Sm Cap® Indx NL Cl C	0.366%	0.000%	58,545	0	2023-09-30
NT R2000 Value Index Fund - NL	0.297%	-1.028%	47,540	-494	2022-12-31