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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
BlackRock
1
BlackRock
New York
$70M -$3.61M -83,470 -5%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$49.3M -$562K -12,985 -1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$48.2M +$965K +22,283 +2%
Renaissance Technologies
4
Renaissance Technologies
New York
$22.5M -$999K -23,078 -5%
American Century Companies
5
American Century Companies
Missouri
$21M +$1.13M +26,202 +6%
State Street
6
State Street
Massachusetts
$19.9M -$1.07M -24,793 -5%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$18.8M +$761K +17,580 +5%
NSAM
8
North Star Asset Management
Wisconsin
$16.5M -$121K -2,790 -0.8%
LSV Asset Management
9
LSV Asset Management
Illinois
$14.8M -$143K -3,300 -1%
TCM
10
Tributary Capital Management
Nebraska
$12M -$849K -19,612 -7%
BFC
11
Banc Funds Company
Illinois
$9.06M -$879K -20,300 -9%
Northern Trust
12
Northern Trust
Illinois
$8.19M -$219K -5,051 -3%
JP Morgan Chase
13
JP Morgan Chase
New York
$7.24M +$2.85M +65,823 +73%
Millennium Management
14
Millennium Management
New York
$6.87M +$3.54M +81,707 +123%
Hotchkis & Wiley Capital Management
15
Hotchkis & Wiley Capital Management
California
$6.84M +$694K +16,030 +12%
ProShare Advisors
16
ProShare Advisors
Maryland
$6.43M -$879K -20,292 -13%
Charles Schwab
17
Charles Schwab
California
$6.17M +$172K +3,966 +3%
Morgan Stanley
18
Morgan Stanley
New York
$5.28M +$407K +9,397 +9%
AQR Capital Management
19
AQR Capital Management
Connecticut
$5.08M +$757K +17,473 +19%
BCM
20
Bridgeway Capital Management
Texas
$5M +$113K +2,611 +2%
Mercer Global Advisors
21
Mercer Global Advisors
Colorado
$4.94M +$27.6K +637 +0.6%
MCM
22
Maltese Capital Management
New York
$4.64M +$619K +14,302 +17%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$4.43M +$35.1K +810 +0.9%
Goldman Sachs
24
Goldman Sachs
New York
$3.78M -$645K -14,896 -15%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$3.67M +$928K +21,428 +37%
1
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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.