Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$418.1K (8 inflow days, 12 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 29.7% of shares outstanding.
Reported short interest has risen from 2.65% to 3.45% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Nuveen Asset Management LLC | Insurance Company | 2026/Q3 | +32,081 | 0.2% |
| BlackRock | Mutual Fund | 2026/Q3 | +145,678 | 8.9% |
| State Street Global Advisors | Mutual Fund | 2026/Q3 | +96,173 | 3.5% |
| Rhino Investment Partners, Inc. | Insurance Company | 2026/Q3 | +93,925 | 0.5% |
| Citadel Advisors LLC | Hedge Fund | 2026/Q3 | +64,161 | 0.5% |
| American Century Investment Management | Mutual Fund | 2026/Q3 | +63,548 | 3.6% |
| Maltese Capital Management, LLC | Hedge Fund | 2026/Q3 | +60,000 | 0.3% |
| Abundance Wealth Counselors, LLC | Mutual Fund | 2026/Q3 | +56,181 | 0.3% |
| Hudson River Trading LLC | Private Company | 2026/Q3 | +48,934 | 0.3% |
| Vanguard Capital Management, LLC | Mutual Fund | 2026/Q3 | +33,752 | 4.9% |
| Two Sigma Investments, LP | Hedge Fund | 2026/Q3 | +32,093 | 1.2% |
| Geode Capital Management, LLC | Mutual Fund | 2026/Q3 | +31,398 | 2.7% |
| New Jersey Division of Investment | Government Pension Fund | 2026/Q3 | +21,761 | 0.1% |
| Atom Investors LP | Mutual Fund | 2026/Q3 | +15,145 | 0.1% |
| Vanguard Portfolio Management, LLC | Mutual Fund | 2026/Q3 | +14,772 | 1.7% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 21 May 2026 | David Ramaker | Independent Director | Other Acquisition | +801 | – | 15,815 |
| 21 May 2026 | Michael Price | Independent Chairperson | Other Acquisition | +1,096 | – | 47,745 |
| 21 May 2026 | Michelle Eldridge | Independent Director | Other Acquisition | +830 | – | 19,420 |
| 21 May 2026 | Michael Davenport | Independent Director | Other Acquisition | +753 | – | 11,394 |
| 21 May 2026 | Nelson Sanchez | Independent Director | Other Acquisition | +715 | – | 7,401 |
| 21 May 2026 | Joseph Jones | Independent Director | Other Acquisition | +715 | – | 6,506 |
| 21 May 2026 | Shoran Williams | Independent Director | Other Acquisition | +715 | – | 5,981 |
| 21 May 2026 | Steven Schweihofer | Independent Director | Other Acquisition | +715 | – | 6,317 |
| 21 May 2026 | Amy Sparks | Director | Other Acquisition | +906 | – | 6,489 |
| 21 May 2026 | Sara Schmidt | Independent Director | Other Acquisition | +715 | – | 1,684 |
| 21 May 2026 | Richard MacDonald | Independent Director | Other Acquisition | +715 | – | 3,289 |
| 16 Feb 2026 | Charles Christmas | Chief Financial Officer | Sale to Issuer | -3,021 | $54.24 | 123,500 |
| 16 Feb 2026 | Raymond Reitsma | Chief Operating Officer | Sale to Issuer | -4,040 | $54.24 | 89,538 |
| 14 Feb 2026 | Charles Christmas | Chief Financial Officer | Other Acquisition | +1,326 | – | 123,500 |
| 14 Feb 2026 | Raymond Reitsma | Chief Operating Officer | Other Acquisition | +1,808 | – | 89,538 |
| 4 Feb 2026 | Charles Christmas | Chief Financial Officer | Other Acquisition | +4,243 | – | 125,179 |
| 4 Feb 2026 | Raymond Reitsma | Chief Operating Officer | Other Acquisition | +11,338 | – | 91,770 |
| 4 Feb 2026 | Mark Augustyn | Senior VP & Chief Lending Officer of Mercantile Bank of Michigan | Other Acquisition | +4,312 | – | 33,025 |
| 4 Feb 2026 | Scott Setlock | Executive VP, COO & Secretary | Other Acquisition | +3,406 | – | 32,076 |
| 4 Feb 2026 | Tara Randall | Senior VP & Chief Retail Banking Officer of Mercantile Bank | Other Acquisition | +2,730 | – | 16,578 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 595,572 | 3.4% | 5.2 |
| 31 Aug 2026 | 519,444 | 3.0% | 6.2 |
| 14 Aug 2026 | 444,387 | 2.6% | 3.5 |
| 31 Jul 2026 | 396,650 | 2.3% | 2.5 |
| 15 Jul 2026 | 425,898 | 2.5% | 4.1 |
| 30 Jun 2026 | 457,433 | 2.6% | 2.6 |
No comments yet — be the first to weigh in on MBWM.