State of Tennessee, Department of Treasury’s Mercantile Bank Corp MBWM Stock Holding History

State of Tennessee, Department of Treasury’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 Q3	–	Sell	-9,445	Closed	-$438K	–	1761
2025 Q2	$438K	Buy	+9,445	New	+$409K	﹤0.01%	1428
2024 Q4	–	Sell	-8,732	Closed	-$382K	–	1774
2024 Q3	$382K	Hold	8,732	–	–	﹤0.01%	1481
2024 Q2	$354K	Hold	8,732	–	–	﹤0.01%	1486
2024 Q1	$336K	Buy	+8,732	New	+$333K	﹤0.01%	1488
2023 Q4	–	Sell	-3,521	Closed	-$109K	–	1686
2023 Q3	$109K	Buy	+3,521	New	+$115K	﹤0.01%	1562
2021 Q2	–	Sell	-6,870	Closed	-$223K	–	1656
2021 Q1	$223K	Hold	6,870	–	–	﹤0.01%	1516
2020 Q4	$187K	Buy	+6,870	New	+$164K	﹤0.01%	1492

Other funds holding MBWM

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

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

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

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

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 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 $55.1B AUM 45.38% 1-Year Est. Return

TCM

Tributary Capital Management Omaha, Nebraska $1.22B AUM 44.12% 1-Year Est. Return

State of Tennessee, Department of Treasury's MBWM Position: Q3 2025 in Review

State of Tennessee, Department of Treasury sold out of Mercantile Bank Corp (MBWM) in Q3 2025, closing a stake of 9,445 shares — an estimated $438K sold.

State of Tennessee, Department of Treasury first reported a position in MBWM in Q4 2020 and held it in 7 quarters. The position peaked at $438K in Q2 2025. 200 funds tracked by Wall St. Rank hold MBWM as of Q3 2025.

State of Tennessee, Department of Treasury reported no remaining Mercantile Bank Corp position as of Q3 2025 after selling out during the quarter.
State of Tennessee, Department of Treasury sold 9,445 Mercantile Bank Corp shares in Q3 2025, an estimated $438K.
State of Tennessee, Department of Treasury first reported a position in Mercantile Bank Corp in Q4 2020 and held it in 7 quarters.
State of Tennessee, Department of Treasury's Mercantile Bank Corp position peaked at $438K in Q2 2025.
200 funds tracked by Wall St. Rank held Mercantile Bank Corp as of Q3 2025.

Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2025, filed 14 Nov 2025.