Brandywine Global Investment Management’s Mercantile Bank Corp MBWM Stock Holding History

Brandywine Global Investment Management’s Portfolio MBWM Stock Details MBWM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	$1.59M	Sell	33,147 -1,300	-4%	-$60K	0.01%	499
2025 Q3	$1.55M	Sell	34,447 -1,300	-4%	-$61.8K	0.01%	512
2025 Q2	$1.66M	Sell	35,747 -1,400	-4%	-$60.6K	0.01%	501
2025 Q1	$1.61M	Sell	37,147 -1,510	-4%	-$70K	0.01%	489
2024 Q4	$1.72M	Sell	38,657 -1,902	-5%	-$88.4K	0.01%	488
2024 Q3	$1.76M	Sell	40,559 -1,103	-3%	-$48.7K	0.01%	547
2024 Q2	$1.69M	Sell	41,662 -1,976	-5%	-$74K	0.01%	572
2024 Q1	$1.68M	Sell	43,638 -330	-0.8%	-$12.6K	0.01%	582
2023 Q4	$1.78M	Sell	43,968 -4,618	-10%	-$162K	0.01%	582
2023 Q3	$1.5M	Buy	48,586 +6,668	+16%	+$218K	0.01%	587
2023 Q2	$1.16M	Buy	41,918 +2,790	+7%	+$77.3K	0.01%	618
2023 Q1	$1.2M	Buy	39,128 +29,947	+326%	+$1M	0.01%	626
2022 Q4	$307K	Sell	9,181 -278	-3%	-$9.31K	﹤0.01%	688
2022 Q3	$281K	Sell	9,459 -1,676	-15%	-$55.9K	﹤0.01%	695
2022 Q2	$356K	Buy	+11,135	New	+$360K	﹤0.01%	675
2020 Q3	–	Sell	-4,287	Closed	-$97K	–	694
2020 Q2	$97K	Buy	4,287 +476	+12%	+$10.5K	﹤0.01%	623
2020 Q1	$81K	Hold	3,811	–	–	﹤0.01%	651
2019 Q4	$139K	Sell	3,811 -51	-1%	-$1.79K	﹤0.01%	671
2019 Q3	$127K	Hold	3,862	–	–	﹤0.01%	665
2019 Q2	$126K	Sell	3,862 -675	-15%	-$22.1K	﹤0.01%	667
2019 Q1	$149K	Hold	4,537	–	–	﹤0.01%	653
2018 Q4	$129K	Hold	4,537	–	–	﹤0.01%	659
2018 Q3	$152K	Hold	4,537	–	–	﹤0.01%	682
2018 Q2	$168K	Hold	4,537	–	–	﹤0.01%	697
2018 Q1	$151K	Sell	4,537 -966	-18%	-$33.8K	﹤0.01%	699
2017 Q4	$195K	Sell	5,503 -118	-2%	-$4.24K	﹤0.01%	694
2017 Q3	$197K	Sell	5,621 -71	-1%	-$2.25K	﹤0.01%	691
2017 Q2	$180K	Sell	5,692 -138	-2%	-$4.5K	﹤0.01%	703
2017 Q1	$201K	Hold	5,830	–	–	﹤0.01%	703
2016 Q4	$220K	Sell	5,830 -40	-0.7%	-$1.26K	﹤0.01%	696
2016 Q3	$158K	Hold	5,870	–	–	﹤0.01%	712
2016 Q2	$141K	Hold	5,870	–	–	﹤0.01%	729
2016 Q1	$132K	Buy	5,870 +600	+11%	+$13.6K	﹤0.01%	737
2015 Q4	$130K	Buy	5,270 +200	+4%	+$4.7K	﹤0.01%	741
2015 Q3	$106K	Buy	5,070 +1,400	+38%	+$28.7K	﹤0.01%	783
2015 Q2	$79K	Hold	3,670	–	–	﹤0.01%	822
2015 Q1	$72K	Hold	3,670	–	–	﹤0.01%	833
2014 Q4	$78K	Hold	3,670	–	–	﹤0.01%	845
2014 Q3	$70K	Sell	3,670 -30	-0.8%	-$593	﹤0.01%	813
2014 Q2	$85K	Sell	3,700 -2,000	-35%	-$41.5K	﹤0.01%	808
2014 Q1	$118K	Sell	5,700 -100	-2%	-$2.06K	﹤0.01%	805
2013 Q4	$126K	Sell	5,800 -2,000	-26%	-$42.9K	﹤0.01%	801
2013 Q3	$170K	Hold	7,800	–	–	﹤0.01%	781
2013 Q2	$141K	Buy	+7,800	New	+$132K	﹤0.01%	809

Other funds holding MBWM

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

NSAM

North Star Asset Management Neenah, Wisconsin $2.31B AUM 10.09% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $46.4B AUM 27.74% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Brandywine Global Investment Management's MBWM Position: Q4 2025 in Review

Brandywine Global Investment Management reduced its Mercantile Bank Corp (MBWM) stake by 3.8% in Q4 2025, selling an estimated $60K and leaving 33,147 shares worth $1.59M. The position accounts for 0.01% of the portfolio, ranked #499.

Brandywine Global Investment Management first reported a position in MBWM in Q2 2013 and has held it in 44 quarters since. The position peaked at $1.78M in Q4 2023. 191 funds tracked by Wall St. Rank hold MBWM as of Q4 2025.

Brandywine Global Investment Management held 33,147 shares of Mercantile Bank Corp worth $1.59M as of Q4 2025.
Brandywine Global Investment Management sold 1,300 Mercantile Bank Corp shares in Q4 2025, an estimated $60K.
Mercantile Bank Corp made up 0.01% of Brandywine Global Investment Management's portfolio in Q4 2025, its #499 holding.
Brandywine Global Investment Management first reported a position in Mercantile Bank Corp in Q2 2013 and has held it in 44 quarters since.
Brandywine Global Investment Management's Mercantile Bank Corp position peaked at $1.78M in Q4 2023.
191 funds tracked by Wall St. Rank held Mercantile Bank Corp as of Q4 2025.

Based on Brandywine Global Investment Management's 13F filing for Q4 2025, filed 11 Feb 2026.