Mercantile Bank Corp
MBWM
191 hedge funds and large institutions have $515M invested in Mercantile Bank Corp in 2025 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 60 increasing their positions, 83 reducing their positions, and 22 closing their positions.
737% more call options, than puts
Call options by funds: $159K | Put options by funds: $19K
8% more capital invested
Capital invested by funds: $478M → $515M (+$36.9M)
0.5% more ownership
Funds ownership: 65.34% → 65.84% (+0.5%)
5% less funds holding
Funds holding: 200 → 191 (-9)
23% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 22
28% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 83
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$13.6M |
| 2 |
SCP
Siena Capital Partners
Chicago,
Illinois
|
+$2.95M |
| 3 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$2.35M |
| 4 |
Two Sigma Investments
New York
|
+$1.95M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$3.69M |
| 2 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$2.96M |
| 3 |
Millennium Management
New York
|
-$2.72M |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.36M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HF
201
HRT Financial
New York
| – | -$310K | -6,907 | Closed |
|
202
Squarepoint
New York
| – | -$297K | -6,599 | Closed |
|
203
D.E. Shaw & Co
New York
| – | -$283K | -6,295 | Closed |
|
204
Point72 Asset Management
Stamford,
Connecticut
| – | -$252K | -5,600 | Closed |
|
|
P
205
Pitcairn
Conshohocken,
Pennsylvania
| – | -$206K | -4,573 | Closed |
|
|
QT
206
Quantbot Technologies
New York
| – | -$190K | -4,220 | Closed |
|
207
Zurich Cantonal Bank
Zurich,
Switzerland
| – | -$143K | -3,107 | Closed |
|
208
Acadian Asset Management
Boston,
Massachusetts
| – | -$35K | -791 | Closed |
|
|
QL
209
Quarry LP
New York
| – | -$20.3K | -452 | Closed |
|
|
NEWAS
210
N.E.W. Advisory Services
De Pere,
Wisconsin
| – | -$6.75K | -150 | Closed |
|
|
MAM
211
Meeder Asset Management
Dublin,
Ohio
| – | -$6.17K | -137 | Closed |
|
|
PS
212
Principal Securities
Des Moines,
Iowa
| – | -$2.29K | -51 | Closed |
|
|
SPIA
213
Steward Partners Investment Advisory
New York
| – | -$1.4K | -31 | Closed |
|
MBWM Hedge Fund Activity: Q4 2025 in Review
191 of the 8,227 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2025, worth a combined $515M — up 7.7% from $478M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of MBWM and 17 opened new positions — a net loss of 5 holders — while 83 trimmed existing stakes and 60 added.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $13.6M. The largest seller was Maltese Capital Management, exiting entirely with an estimated $3.69M sold.
- 191 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2025, down from 200 in Q3 2025.
- Funds reported $515M of Mercantile Bank Corp stock for Q4 2025, up 7.7% quarter-over-quarter.
- 17 funds opened new Mercantile Bank Corp positions in Q4 2025 and 22 closed out, a net change of -5 holders.
- The largest Mercantile Bank Corp buyer in Q4 2025 was Wellington Management Group, an estimated $13.6M added.
- The largest Mercantile Bank Corp seller in Q4 2025 was Maltese Capital Management, an estimated $3.69M sold.
Based on aggregated 13F filings for Q4 2025.