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Mercantile Bank Corp
MBWM

196 hedge funds and large institutions have $484M invested in Mercantile Bank Corp in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 70 increasing their positions, 70 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 15

7% more capital invested

Capital invested by funds: $452M → $484M (+$31.7M)

1% more funds holding

Funds holding: 194 → 196 (+2)

0.08% more ownership

Funds ownership: 64.15% → 64.23% (+0.08%)

0% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 70

Holders
196
Holders Change
+2
Holders Change %
+1.03%
% of All Funds
2.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
70
Reduced
70
Closed
15
Calls
$9K
Puts
–
Net Calls
+$9K
Net Calls Change
+$18K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$3.54M
2
JP Morgan Chase
JP Morgan Chase
New York
+$2.85M
3
American Century Companies
American Century Companies
Missouri
+$1.13M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$965K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$928K

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$3.61M
2
State Street
State Street
Massachusetts
-$1.07M
3
Renaissance Technologies
Renaissance Technologies
New York
-$999K
4
BFC
Banc Funds Company
Illinois
-$879K
5
ProShare Advisors
ProShare Advisors
Maryland
-$879K
Name Holding Trade Value Shares
Change 		Change in
Stake
A
126
AlphaQuest
New York
$276K +$131K +3,015 +103%
WMA
127
West Michigan Advisors
Michigan
$273K – – –
Marshall Wace
128
Marshall Wace
United Kingdom
$258K -$378K -8,734 -61%
P
129
Pitcairn
Pennsylvania
$251K -$55.1K -1,272 -19%
DekaBank Deutsche Girozentrale
130
DekaBank Deutsche Girozentrale
Germany
$248K – – –
EWA
131
EP Wealth Advisors
California
$238K -$693 -16 -0.3%
Wealth Enhancement Advisory Services
132
Wealth Enhancement Advisory Services
Minnesota
$237K +$206K +4,760 New
VOYA Investment Management
133
VOYA Investment Management
Georgia
$233K +$3.03K +70 +1%
Universal-Beteiligungs- und Servicegesellschaft
134
Universal-Beteiligungs- und Servicegesellschaft
Germany
$231K +$215K +4,975 New
US Bancorp
135
US Bancorp
Minnesota
$227K -$53.9K -1,244 -20%
6F
136
626 Financial
Michigan
$226K – – –
MML Investors Services
137
MML Investors Services
Massachusetts
$221K -$14.6K -338 -7%
New York State Common Retirement Fund
138
New York State Common Retirement Fund
New York
$220K – – –
BNP Paribas Financial Markets
139
BNP Paribas Financial Markets
France
$207K -$92.3K -2,131 -32%
ASRS
140
Arizona State Retirement System
Arizona
$206K +$192K +4,429 New
State Board of Administration of Florida Retirement System
141
State Board of Administration of Florida Retirement System
Florida
$204K +$191K +4,400 New
QT
142
Quantbot Technologies
New York
$203K +$135K +3,128 +252%
HNB
143
Huntington National Bank
Ohio
$186K -$476 -11 -0.3%
PFSRSONJ
144
Police & Firemen's Retirement System of New Jersey
New Jersey
$178K +$26K +601 +19%
ECM
145
EMC Capital Management
Texas
$154K +$62K +1,432 +76%
Zurich Cantonal Bank
146
Zurich Cantonal Bank
Switzerland
$144K – – –
Ohio Public Employees Retirement System (OPERS)
147
Ohio Public Employees Retirement System (OPERS)
Ohio
$144K – – –
Canada Life
148
Canada Life
Manitoba, Canada
$140K +$7.75K +179 +6%
KK
149
KLP Kapitalforvaltning
Norway
$139K – – –
Point72 Asset Management
150
Point72 Asset Management
Connecticut
$95.5K -$32.2K -744 -27%
4 5
6
7 8

MBWM Hedge Fund Activity: Q2 2025 in Review

196 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q2 2025, worth a combined $484M — up 7% from $452M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new MBWM positions and 15 closed out — a net gain of 4 holders — while 70 added to existing stakes and 70 trimmed.

The largest buyer was Millennium Management, adding an estimated $3.54M. The largest seller was BlackRock, cutting an estimated $3.61M.

  • 196 institutional investors held Mercantile Bank Corp (MBWM) as of Q2 2025, up from 194 in Q1 2025.
  • Funds reported $484M of Mercantile Bank Corp stock for Q2 2025, up 7% quarter-over-quarter.
  • 19 funds opened new Mercantile Bank Corp positions in Q2 2025 and 15 closed out, a net change of +4 holders.
  • The largest Mercantile Bank Corp buyer in Q2 2025 was Millennium Management, an estimated $3.54M added.
  • The largest Mercantile Bank Corp seller in Q2 2025 was BlackRock, an estimated $3.61M sold.

Based on aggregated 13F filings for Q2 2025.