MERCANTILE BANK CORP

Institution	Shares	Value ($000)
Elizabeth Park Capital Advisors, Ltd.	50,971	$2,452
DGS Capital Management, LLC	4,377	$211
Abacus Wealth Partners, LLC	6,079	$292
Y-Intercept (Hong Kong) Ltd	14,404	$693
WELLINGTON MANAGEMENT GROUP LLP	294,813	$14,181
CITADEL ADVISORS LLC	36,734	$1,767
CANADA PENSION PLAN INVESTMENT BOARD	11,900	$572
MACKENZIE FINANCIAL CORP	6,410	$307
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	4,400	$212
Kestra Advisory Services, LLC	543	$26
SIMPLEX TRADING, LLC	57	$3
Physician Wealth Advisors, Inc.	34	$2
SJS Investment Consulting Inc.	3	$0

Increased Positions (50)

Siena Capital Partners GP, LLC

Value ($000) $4,039 (+348.8%) Shares 83,966 (+319.8%)

NORTH STAR ASSET MANAGEMENT INC

Value ($000) $18,016 (+12.7%) Shares 374,544 (+5.4%)

De Lisle Partners LLP

Value ($000) $3,640 (+8.8%) Shares 75,649 (+1.8%)

BRIDGEWAY CAPITAL MANAGEMENT, LLC

Value ($000) $5,778 (+13.5%) Shares 120,133 (+6.2%)

WEST MICHIGAN ADVISORS, LLC

Value ($000) $331 (+25.0%) Shares 6,887 (+17.0%)

TWO SIGMA INVESTMENTS, LP

Value ($000) $5,781 (+64.7%) Shares 120,177 (+54.1%)

TWO SIGMA ADVISERS, LP

Value ($000) $1,967 (+125.4%) Shares 40,884 (+110.9%)

AMERICAN CENTURY COMPANIES INC

Value ($000) $24,911 (+12.0%) Shares 517,904 (+4.8%)

GOLDMAN SACHS GROUP INC

Value ($000) $6,421 (+32.4%) Shares 133,499 (+23.9%)

VANGUARD GROUP INC

Value ($000) $51,292 (+9.7%) Shares 1,066,368 (+2.6%)

MARSHALL WACE, LLP

Value ($000) $1,367 (+100.1%) Shares 28,415 (+87.2%)

HSBC HOLDINGS PLC

Value ($000) $861 (+192.1%) Shares 17,959 (+173.0%)

Creative Planning

Value ($000) $1,657 (+53.2%) Shares 34,443 (+43.3%)

RENAISSANCE TECHNOLOGIES LLC

Value ($000) $23,868 (+8.2%) Shares 496,213 (+1.2%)

BARCLAYS PLC

Value ($000) $2,054 (+42.5%) Shares 42,713 (+29.5%)

PANAGORA ASSET MANAGEMENT INC

Value ($000) $771 (+47.5%) Shares 16,034 (+38.0%)

Voleon Capital Management LP

Value ($000) $597 (+25.0%) Shares 12,410 (+17.0%)

BAILARD, INC.

Value ($000) $890 (+16.3%) Shares 18,501 (+8.8%)

WELLS FARGO & COMPANY/MN

Value ($000) $2,130 (+16.6%) Shares 44,288 (+9.0%)

FEDERATED HERMES, INC.

Value ($000) $511 (+49.5%) Shares 10,622 (+39.9%)

Institution	Prev Shares	Curr Shares	Change
Siena Capital Partners GP, LLC	20,000	83,966	+63,966 (+319.8%)
NORTH STAR ASSET MANAGEMENT INC	355,340	374,544	+19,204 (+5.4%)
De Lisle Partners LLP	74,290	75,649	+1,359 (+1.8%)
BRIDGEWAY CAPITAL MANAGEMENT, LLC	113,164	120,133	+6,969 (+6.2%)
WEST MICHIGAN ADVISORS, LLC	5,887	6,887	+1,000 (+17.0%)
TWO SIGMA INVESTMENTS, LP	77,989	120,177	+42,188 (+54.1%)
TWO SIGMA ADVISERS, LP	19,384	40,884	+21,500 (+110.9%)
AMERICAN CENTURY COMPANIES INC	494,367	517,904	+23,537 (+4.8%)
GOLDMAN SACHS GROUP INC	107,750	133,499	+25,749 (+23.9%)
VANGUARD GROUP INC	1,038,965	1,066,368	+27,403 (+2.6%)
MARSHALL WACE, LLP	15,182	28,415	+13,233 (+87.2%)
HSBC HOLDINGS PLC	6,578	17,959	+11,381 (+173.0%)
Creative Planning	24,038	34,443	+10,405 (+43.3%)
RENAISSANCE TECHNOLOGIES LLC	490,413	496,213	+5,800 (+1.2%)
BARCLAYS PLC	32,981	42,713	+9,732 (+29.5%)
PANAGORA ASSET MANAGEMENT INC	11,621	16,034	+4,413 (+38.0%)
Voleon Capital Management LP	10,611	12,410	+1,799 (+17.0%)
BAILARD, INC.	17,001	18,501	+1,500 (+8.8%)
WELLS FARGO & COMPANY/MN	40,614	44,288	+3,674 (+9.0%)
FEDERATED HERMES, INC.	7,594	10,622	+3,028 (+39.9%)

Decreased Positions (73)

BANC FUNDS CO LLC

Value ($000) $6,293 (-12.7%) Shares 130,841 (-18.4%)

Tributary Capital Management, LLC

Value ($000) $11,124 (-0.6%) Shares 231,259 (-7.0%)

jvl associates llc

Value ($000) $2,894 (+3.9%) Shares 60,169 (-2.8%)

LaFleur & Godfrey LLC

Value ($000) $1,406 (-4.9%) Shares 29,233 (-11.1%)

Round Hill Asset Management

Value ($000) $877 (+4.8%) Shares 18,238 (-2.0%)

SRS Capital Advisors, Inc.

Value ($000) $5 (-98.7%) Shares 108 (-98.8%)

Regal Investment Advisors LLC

Value ($000) $508 (-16.4%) Shares 10,560 (-21.8%)

Hennion & Walsh Asset Management, Inc.

Value ($000) $567 (-20.3%) Shares 11,793 (-25.5%)

MILLENNIUM MANAGEMENT LLC

Value ($000) $1,140 (-69.3%) Shares 23,711 (-71.3%)

TUDOR INVESTMENT CORP ET AL

Value ($000) $1,122 (-46.3%) Shares 23,319 (-49.8%)

Engineers Gate Manager LP

Value ($000) $205 (-59.5%) Shares 4,264 (-62.1%)

Pathstone Holdings, LLC

Value ($000) $899 (-38.8%) Shares 18,689 (-42.7%)

AQR CAPITAL MANAGEMENT LLC

Value ($000) $7,675 (-6.0%) Shares 159,564 (-12.1%)

Nuveen, LLC

Value ($000) $1,477 (-42.9%) Shares 30,703 (-46.6%)

STATE STREET CORP

Value ($000) $21,501 (+1.5%) Shares 447,016 (-5.0%)

Aquatic Capital Management LLC

Value ($000) $16 (-88.8%) Shares 339 (-89.5%)

DIMENSIONAL FUND ADVISORS LP

Value ($000) $49,614 (+5.2%) Shares 1,031,485 (-1.6%)

JPMORGAN CHASE & CO

Value ($000) $9,381 (-2.9%) Shares 195,038 (-9.1%)

IEQ CAPITAL, LLC

Value ($000) $920 (-20.7%) Shares 19,136 (-25.8%)

GEODE CAPITAL MANAGEMENT, LLC

Value ($000) $19,370 (+4.4%) Shares 402,616 (-2.3%)

Institution	Prev Shares	Curr Shares	Change
BANC FUNDS CO LLC	160,252	130,841	-29,411 (-18.4%)
Tributary Capital Management, LLC	248,701	231,259	-17,442 (-7.0%)
jvl associates llc	61,927	60,169	-1,758 (-2.8%)
LaFleur & Godfrey LLC	32,866	29,233	-3,633 (-11.1%)
Round Hill Asset Management	18,607	18,238	-369 (-2.0%)
SRS Capital Advisors, Inc.	8,768	108	-8,660 (-98.8%)
Regal Investment Advisors LLC	13,500	10,560	-2,940 (-21.8%)
Hennion & Walsh Asset Management, Inc.	15,822	11,793	-4,029 (-25.5%)
MILLENNIUM MANAGEMENT LLC	82,607	23,711	-58,896 (-71.3%)
TUDOR INVESTMENT CORP ET AL	46,415	23,319	-23,096 (-49.8%)
Engineers Gate Manager LP	11,258	4,264	-6,994 (-62.1%)
Pathstone Holdings, LLC	32,640	18,689	-13,951 (-42.7%)
AQR CAPITAL MANAGEMENT LLC	181,511	159,564	-21,947 (-12.1%)
Nuveen, LLC	57,470	30,703	-26,767 (-46.6%)
STATE STREET CORP	470,722	447,016	-23,706 (-5.0%)
Aquatic Capital Management LLC	3,235	339	-2,896 (-89.5%)
DIMENSIONAL FUND ADVISORS LP	1,048,346	1,031,485	-16,861 (-1.6%)
JPMORGAN CHASE & CO	214,647	195,038	-19,609 (-9.1%)
IEQ CAPITAL, LLC	25,793	19,136	-6,657 (-25.8%)
GEODE CAPITAL MANAGEMENT, LLC	412,198	402,616	-9,582 (-2.3%)

Exited Positions (20)

Semanteon Capital Management, LP

Value ($000) $444 Shares 9,858

MALTESE CAPITAL MANAGEMENT LLC

Value ($000) $3,690 Shares 82,000

Dynamic Technology Lab Private Ltd

Value ($000) $677 Shares 15,034

Empowered Funds, LLC

Value ($000) $2,964 Shares 65,864

Trexquant Investment LP

Value ($000) $817 Shares 18,154

ExodusPoint Capital Management, LP

Value ($000) $533 Shares 11,854

Quantbot Technologies LP

Value ($000) $190 Shares 4,220

MONETA GROUP INVESTMENT ADVISORS LLC

Value ($000) $434 Shares 9,640

ALPS ADVISORS INC

Value ($000) $430 Shares 9,559

JANE STREET GROUP, LLC

Value ($000) $1,210 Shares 26,894

Squarepoint Ops LLC

Value ($000) $297 Shares 6,599

Point72 Asset Management, L.P.

Value ($000) $252 Shares 5,600

D. E. Shaw & Co., Inc.

Value ($000) $283 Shares 6,295

Quarry LP

Value ($000) $20 Shares 452

N.E.W. Advisory Services LLC

Value ($000) $7 Shares 150

MEEDER ASSET MANAGEMENT INC

Value ($000) $6 Shares 137

PRINCIPAL SECURITIES, INC.

Value ($000) $2 Shares 51

Steward Partners Investment Advisory, LLC

Value ($000) $1 Shares 31

HRT FINANCIAL LP

Value ($000) $0 Shares 6,907

ACADIAN ASSET MANAGEMENT LLC

Value ($000) $0 Shares 791

Institution	Prev Shares	Prev Value ($000)
Semanteon Capital Management, LP	9,858	$444
MALTESE CAPITAL MANAGEMENT LLC	82,000	$3,690
Dynamic Technology Lab Private Ltd	15,034	$677
Empowered Funds, LLC	65,864	$2,964
Trexquant Investment LP	18,154	$817
ExodusPoint Capital Management, LP	11,854	$533
Quantbot Technologies LP	4,220	$190
MONETA GROUP INVESTMENT ADVISORS LLC	9,640	$434
ALPS ADVISORS INC	9,559	$430
JANE STREET GROUP, LLC	26,894	$1,210
Squarepoint Ops LLC	6,599	$297
Point72 Asset Management, L.P.	5,600	$252
D. E. Shaw & Co., Inc.	6,295	$283
Quarry LP	452	$20
N.E.W. Advisory Services LLC	150	$7
MEEDER ASSET MANAGEMENT INC	137	$6
PRINCIPAL SECURITIES, INC.	51	$2
Steward Partners Investment Advisory, LLC	31	$1
HRT FINANCIAL LP	6,907	$0
ACADIAN ASSET MANAGEMENT LLC	791	$0