Mercantile Bank Corporation
DE ˙ DB ˙ GB00BYNVD082
43,40 € ↓ -1,80 (-3,98%)
2026-06-04
AKTIENPREIS
SecurityDE:MCS / Mercantile Bank Corporation
InstitutionMorgan Stanley
Latest Disclosed Ownership127,236 shares
Latest Disclosed Value $ 6,425,485
Morgan Stanley reports 20.29% decrease in ownership of MCS / Mercantile Bank Corporation

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 127,236 shares of Mercantile Bank Corporation (DE:MCS) valued at $5,496,595 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 159,614 shares of Mercantile Bank Corporation. This represents a change in shares of -20.29% during the quarter. The current value of the position is $5,522,042 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F MERCANTILE BK COM 587376104 127,236 -32,378 -20.29 6,425 -16.31 0.0004
2026-05-27 2025-12-31 13F/A-1 MERCANTILE BK COM 587376104 159,614 -8,427 -5.01 7,678 1.53 0.0005
2026-02-13 2025-12-31 13F MERCANTILE BK COM 587376104 159,614 -8,427 7,678 0.0005
2026-05-27 2025-09-30 13F/A-1 MERCANTILE BK COM 587376104 168,041 54,264 47.69 7,562 43.20 0.0005
2025-11-14 2025-09-30 13F MERCANTILE BK COM 587376104 168,041 54,264 7,562 0.0005
2025-08-15 2025-06-30 13F MERCANTILE BK COM 587376104 113,777 9,397 9.00 5,280 16.45 0.0003
2025-05-15 2025-03-31 13F MERCANTILE BK COM 587376104 104,380 -22,374 -17.65 4,534 -19.60 0.0003
2025-05-15 2024-12-31 13F/A-1 MERCANTILE BK COM 587376104 126,754 20,946 19.80 5,639 21.90 0.0004
2025-02-14 2024-12-31 13F MERCANTILE BK COM 587376104 126,754 20,946 5,639 0.0004
2025-05-14 2024-09-30 13F/A-2 MERCANTILE BK COM 587376104 105,808 17,410 19.70 4,626 29.00 0.0003
2025-02-14 2024-09-30 13F/A-1 MERCANTILE BK COM 587376104 105,808 17,410 4,626 0.0003
2024-11-14 2024-09-30 13F MERCANTILE BK COM 587376104 105,808 17,410 4,626 0.0003
2025-05-14 2024-06-30 13F/A-2 MERCANTILE BK COM 587376104 88,398 -1,351 -1.51 3,586 3.82 0.0003
2024-10-17 2024-06-30 13F/A-1 MERCANTILE BK COM 587376104 88,398 -1,351 3,586 0.0003
2024-08-14 2024-06-30 13F MERCANTILE BK COM 587376104 88,398 -1,351 3,586 0.0003
2024-10-17 2024-03-31 13F/A-2 MERCANTILE BK COM 587376104 89,749 -19,727 -18.02 3,455 -21.86 0.0003
2024-08-16 2024-03-31 13F/A-1 MERCANTILE BK COM 587376104 89,749 -19,727 3,455 0.0000
2024-05-15 2024-03-31 13F MERCANTILE BK COM 587376104 89,749 -19,727 3,455 0.0003
2024-08-16 2023-12-31 13F/A-1 MERCANTILE BK COM 587376104 109,476 12,090 12.41 4,421 46.84 0.0004
2024-02-13 2023-12-31 13F MERCANTILE BK COM 587376104 109,476 12,090 4,421 0.0004
2023-11-15 2023-09-30 13F MERCANTILE BK COM 587376104 97,386 8,187 9.18 3,010 22.21 0.0003
2023-08-14 2023-06-30 13F MERCANTILE BK COM 587376104 89,199 -11,464 -11.39 2,464 -19.98 0.0002
2023-05-15 2023-03-31 13F MERCANTILE BK COM 587376104 100,663 -12,253 -10.85 3,078 -18.57 0.0003
2023-02-14 2022-12-31 13F MERCANTILE BK COM 587376104 112,916 4,749 4.39 3,780 17.61 0.0004
2022-11-14 2022-09-30 13F MERCANTILE BK COM 587376104 108,167 -43,455 -28.66 3,214 -33.68 0.0004
2022-10-27 2022-06-30 13F/A-1 MERCANTILE BK COM 587376104 151,622 93,595 161.30 4,846 135.82 0.0006
2022-08-15 2022-06-30 13F MERCANTILE BK COM 587376104 151,622 93,595 4,846 0.0001
2022-10-27 2022-03-31 13F/A-1 MERCANTILE BK COM 587376104 58,027 -6,220 -9.68 2,055 -8.63 0.0003
2022-05-13 2022-03-31 13F MERCANTILE BK COM 587376104 58,027 -6,220 2,055 0.0003
2022-02-14 2021-12-31 13F MERCANTILE BK COM 587376104 64,247 22,490 53.86 2,249 68.21 0.0003
2021-11-15 2021-09-30 13F MERCANTILE BK COM 587376104 41,757 5,886 16.41 1,337 23.45 0.0002
2021-08-23 2021-06-30 13F/A-1 MERCANTILE BK COM 587376104 35,871 10,092 39.15 1,083 29.39 0.0001
2021-08-16 2021-06-30 13F MERCANTILE BK COM 587376104 35,871 10,092 1,083 0.0000
2021-05-17 2021-03-31 13F MERCANTILE BANK COM 587376104 25,779 -26,996 -51.15 837 -41.63 0.0001
2021-02-16 2020-12-31 13F MERCANTILE BANK COM 587376104 52,775 22,103 72.06 1,434 159.31 0.0002
2020-11-13 2020-09-30 13F MERCANTILE BANK COM 587376104 30,672 594 1.97 553 -18.56 0.0001
2020-08-14 2020-06-30 13F MERCANTILE BANK COM 587376104 30,078 -704 -2.29 679 4.30 0.0002
2020-05-26 2020-03-31 13F/A-1 MERCANTILE BANK COM 587376104 30,782 -17,029 -35.62 651 -62.67 0.0002
2020-05-15 2020-03-31 13F MERCANTILE BANK COM 587376104 30,782 -17,029 651 50.0104
2020-02-14 2019-12-31 13F MERCANTILE BANK COM 587376104 47,811 12,434 35.15 1,744 50.34 0.0004
2019-11-14 2019-09-30 13F MERCANTILE BANK COM 587376104 35,377 19,477 122.50 1,160 123.94 0.0003
2019-08-14 2019-06-30 13F MERCANTILE BANK COM 587376104 15,900 -19,010 -54.45 518 -54.60 0.0001
2019-05-15 2019-03-31 13F MERCANTILE BANK COM 587376104 34,910 -29,415 -45.73 1,141 -37.24 0.0003
2019-02-14 2018-12-31 13F MERCANTILE BANK COM 587376104 64,325 -62,624 -49.33 1,818 -57.08 0.0005
2019-04-23 2018-09-30 13F/A-2 MERCANTILE BANK COM 587376104 126,949 38,417 43.39 4,236 29.42 0.0011
2018-11-20 2018-09-30 13F/A-1 MERCANTILE BANK COM 587376104 126,949 0 4,236 0.0011
2018-11-14 2018-09-30 13F MERCANTILE BANK COM 587376104 126,949 38,417 4,236
2019-04-23 2018-06-30 13F/A-1 MERCANTILE BANK COM 587376104 88,532 2,158 2.50 3,273 13.92 0.0009
2018-08-14 2018-06-30 13F MERCANTILE BANK COM 587376104 88,532 2,158 3,273
2019-04-23 2018-03-31 13F/A-1 MERCANTILE BANK COM 587376104 86,374 4,763 5.84 2,873 -0.45 0.0008
2018-05-14 2018-03-31 13F MERCANTILE BANK COM 587376104 86,374 4,763 2,873
2019-04-23 2017-12-31 13F/A-1 MERCANTILE BANK COM 587376104 81,611 11,234 15.96 2,886 17.51 0.0008
2018-02-14 2017-12-31 13F MERCANTILE BANK COM 587376104 81,611 11,234 2,886
2017-11-14 2017-09-30 13F MERCANTILE BANK COM 587376104 70,377 -9,137 -11.49 2,456 -1.88 0.0007
2017-08-11 2017-06-30 13F MERCANTILE BANK COM 587376104 79,514 -12,206 -13.31 2,503 -20.69 0.0008
2017-05-22 2017-03-31 13F/A-1 MERCANTILE BANK COM 587376104 91,720 -46,611 -33.70 3,156 -39.48 0.0010
2017-05-12 2017-03-31 13F MERCANTILE BANK COM 587376104 91,720 3,156
2017-02-22 2016-12-31 13F/A-1 MERCANTILE BANK COM 587376104 138,331 40,360 41.20 5,215 98.29 0.0017
2017-02-13 2016-12-31 13F MERCANTILE BANK COM 587376104 138,331 5,215
2016-11-10 2016-09-30 13F MERCANTILE BANK COM 587376104 97,971 20,057 25.74 2,630 41.47 0.0009
2016-08-12 2016-06-30 13F MERCANTILE BANK COM 587376104 77,914 20,883 36.62 1,859 45.35 0.0007
2016-05-12 2016-03-31 13F MERCANTILE BANK COM 587376104 57,031 20,719 57.06 1,279 43.55 0.0005
2016-02-09 2015-12-31 13F MERCANTILE BANK COM 587376104 36,312 21,956 152.94 891 198.99 0.0003
2016-02-08 2015-09-30 13F/A-1 MERCANTILE BANK COM 587376104 14,356 -14,863 -50.87 298 -52.47 0.0001
2015-11-09 2015-09-30 13F MERCANTILE BANK COM 587376104 14,356 298
2015-08-12 2015-06-30 13F MERCANTILE BANK COM 587376104 29,219 9,877 51.07 627 65.87 0.0002
2015-05-14 2015-03-31 13F MERCANTILE BANK COM 587376104 19,342 -2,180 -10.13 378 -16.37 0.0001
2015-02-13 2014-12-31 13F MERCANTILE BANK COM 587376104 21,522 -1,157 -5.10 452 4.39 0.0002
2014-12-16 2014-09-30 13F/A-1 MERCANTILE BANK COM 587376104 22,679 -9,220 -28.90 433 -34.09 0.0002
2014-11-14 2014-09-30 13F MERCANTILE BANK COM 587376104 22,679 433
2014-05-13 2014-03-31 13F MERCANTILE BANK COM 587376104 31,899 -2,921 -8.39 657 -12.63 0.0003
2014-02-13 2013-12-31 13F MERCANTILE BANK COM 587376104 34,820 14,625 72.42 752 70.91 0.0003
2013-11-13 2013-09-30 13F MERCANTILE BANK CORP MI COM 587376104 20,195 -1,527 -7.03 440 12.82 0.0002
2013-08-08 2013-06-30 13F MERCANTILE BANK CORP MI COM 587376104 21,722 21,722 390 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.