MBWM
Mercantile Bank Corporation · Financial Services · Banks - Regional
Momentum inputs (comparable managers):
holder breadth +12.5% ·
share flow -1.5% ·
net new positions +11.1%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 82 | -2 | 9.32M | $534.75M | +7 | −9 |
| Q1 2026 | 87 | -2 | 9.11M | $460.09M | +5 | −7 |
| Q4 2025 | 89 | 0 | 8.61M | $414.24M | +2 | −2 |
| Q3 2025 | 17 | -1 | 5.01M | $225.34M | — | −1 |
| Q2 2025 | 15 | 0 | 4.27M | $198.23M | — | — |
| Q1 2025 | 12 | +2 | 1.66M | $72.16M | +2 | — |
| Q4 2024 | 10 | 0 | 1.70M | $75.42M | +1 | −1 |
| Q3 2024 | 9 | +1 | 1.20M | $52.55M | +1 | — |
| Q2 2024 | 8 | — | 1.22M | $49.49M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Renaissance Technologies ✦ | 543.59K | +2.4% | $23.77M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 376.98K | +3.9% | $16.48M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 376.98K | +3.9% | $16.48M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 4 | Millennium Management ✦ | 86.22K | +50.9% | $3.77M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 5 | AQR Capital Management ✦ | 83.03K | -52.4% | $3.63M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 6 | AQR Capital Management ✦ | 83.03K | -52.4% | $3.63M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 7 | AQR Capital Management ✦ | 83.03K | -52.4% | $3.63M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 8 | Arrowstreet Capital ✦ | 65.93K | +11.4% | $2.88M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 9 | Two Sigma Investments ✦ | 27.04K | +16.7% | $1.18M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 10 | Citadel Advisors ✦ | 8.55K | New | $373,850 | 0.0% | New | 1 | SEC ↗ |
| 11 | D. E. Shaw & Co. ✦ | 5.46K | -25.7% | $238,842 | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 12 | T. Rowe Price ✦ | 5.14K | +3.1% | $225,000 | 0.0% | ▲ Add | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Citadel Advisors | $373,850 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 198 holders, 11.54M shares, $564.18M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.