| 0.01% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 736K | $42.2M | +4.4% | 4.258% | 0.00% |
| 5 | AMERICAN CENTURY COMPANIES INC | 625K | $35.9M | +11.3% | 3.618% | 0.02% |
| 6 | STATE STREET CORP | 599K | $34.4M | +19.1% | 3.466% | 0.00% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 466K | $26.8M | +7.2% | 2.700% | 0.00% |
| 8 | RENAISSANCE TECHNOLOGIES LLC | 447K | $25.6M | -5.4% | 2.585% | 0.04% |
| 9 | NORTH STAR ASSET MANAGEMENT INC | 377K | $21.7M | -1.5% | 2.185% | 0.85% |
| 10 | VANGUARD PORTFOLIO MANAGEMENT LLC | 290K | $16.7M | +5.4% | 1.679% | 0.00% |
| 11 | NORTHERN TRUST CORP | 241K | $13.8M | +3.5% | 1.393% | 0.00% |
| 12 | Tributary Capital Management, LLC | 218K | $12.5M | -2.9% | 1.263% | 1.03% |
| 13 | TWO SIGMA INVESTMENTS, LP | 214K | $12.3M | +17.7% | 1.237% | 0.01% |
| 14 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 193K | $11.1M | +0.7% | 1.114% | 0.03% |
| 15 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 144K | $8.3M | +2.7% | 0.835% | 0.00% |
| 16 | JPMORGAN CHASE & CO | 140K | $8.0M | -5.9% | 0.811% | 0.00% |
| 17 | AQR CAPITAL MANAGEMENT LLC | 138K | $7.9M | -6.1% | 0.797% | 0.00% |
| 18 | BANC FUNDS CO LLC | 131K | $7.5M | 0.0% | 0.759% | 1.24% |
| 19 | MERCER GLOBAL ADVISORS INC /ADV | 128K | $7.3M | -1.0% | 0.741% | 0.00% |
| 20 | MORGAN STANLEY | 123K | $7.1M | -3.3% | 0.712% | 0.00% |
| 21 | VANGUARD FIDUCIARY TRUST CO | 113K | $6.5M | +2.2% | 0.653% | 0.00% |
| 22 | GOLDMAN SACHS GROUP INC | 101K | $5.8M | -10.4% | 0.585% | 0.00% |
| 23 | Bank of New York Mellon Corp | 98K | $5.6M | +5.9% | 0.568% | 0.00% |
| 24 | Rhino Investment Partners, Inc | 94K | $5.4M | — | 0.544% | 1.63% |
| 25 | CITADEL ADVISORS LLC | 93K | $5.3M | +221.8% | 0.539% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in MBWM — a direct measure of their conviction.
| 64.08% |
| +0.62 pp |
| $429M |
| 1.4% |
| Q4 2024 | 173 | +8.8% | 63.46% | +1.74 pp | $435M | +4.8% |
| Q3 2024 | 159 | — | 61.72% | — | $415M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
29 institutions opened new positions in MBWM during Q2 2026, while 22 fully exited. 152 added to existing positions and 18 trimmed.
MBWM institutional ownership rose by 1.44 percentage points quarter-over-quarter, with a net change of +7 holders.
The top 10 institutions account for 62.3% of all reported 13F value in MBWM, and the top 25 account for 81.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Mercantile Bank Corporation (MBWM) Institutional Ownership