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Mercantile Bank Corp
MBWM

66 hedge funds and large institutions have $153M invested in Mercantile Bank Corp in 2015 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 17 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

65% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 17

6% more funds holding

Funds holding: 62 → 66 (+4)

6% more capital invested

Capital invested by funds: $145M → $153M (+$8.22M)

Holders
66
Holders Change
+4
Holders Change %
+6.45%
% of All Funds
1.78%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
28
Reduced
17
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
+$6.09M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.91M
3
CCM
Castine Capital Management
Massachusetts
+$1.36M
4
Deutsche Bank
Deutsche Bank
Germany
+$1.14M
5
KCM
Kennedy Capital Management
Missouri
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$22.8M
2
BFA
BlackRock Fund Advisors
California
-$580K
3
CCMH
Cornerstone Capital Management Holdings
New York
-$300K
4
Northern Trust
Northern Trust
Illinois
-$93.4K
5
PNC
Park National Corp
Ohio
-$60.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
State of New Jersey Common Pension Fund D
26
State of New Jersey Common Pension Fund D
New Jersey
$1.01M – – –
Two Sigma Advisers
27
Two Sigma Advisers
New York
$858K +$813K +40,084 New
FBNAT
28
FirstMerit Bank N.A. Trustee
Ohio
$750K – – –
California State Teachers Retirement System (CalSTRS)
29
California State Teachers Retirement System (CalSTRS)
California
$661K +$5.32K +262 +0.9%
Morgan Stanley
30
Morgan Stanley
New York
$627K +$200K +9,877 +51%
Charles Schwab
31
Charles Schwab
California
$542K – – –
TA
32
Teachers Advisors
New York
$536K +$29K +1,430 +6%
Wells Fargo
33
Wells Fargo
California
$471K +$360K +17,760 +423%
DAS
34
Dynamic Advisor Solutions
Arizona
$450K -$34.5K -1,700 -7%
RhumbLine Advisers
35
RhumbLine Advisers
Massachusetts
$440K -$30.2K -1,490 -7%
PNC
36
Park National Corp
Ohio
$400K -$60.9K -3,000 -14%
New York State Common Retirement Fund
37
New York State Common Retirement Fund
New York
$391K +$370K +18,241 New
First Trust Advisors
38
First Trust Advisors
Illinois
$332K -$2.17K -107 -0.7%
Invesco
39
Invesco
Georgia
$316K +$118K +5,813 +65%
LCM
40
LVM Capital Management
Michigan
$310K – – –
PAM
41
Panagora Asset Management
Massachusetts
$307K – – –
RFC
42
Russell Frank Company
Washington
$304K +$17.8K +878 +7%
PMFA
43
Plante Moran Financial Advisors
Michigan
$287K – – –
MLICM
44
Metropolitan Life Insurance Company (MetLife)
New York
$271K -$19K -934 -7%
NFA
45
Nationwide Fund Advisors
Ohio
$266K -$26.3K -1,295 -9%
BA
46
BlackRock Advisors
Delaware
$242K +$10.8K +530 +5%
Millennium Management
47
Millennium Management
New York
$233K +$221K +10,899 New
BIG
48
Blackthorn Investment Group
Kansas
$217K +$206K +10,150 New
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$214K – – –
AIG
50
American International Group
New York
$212K -$13.8K -682 -6%
1
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3

MBWM Hedge Fund Activity: Q2 2015 in Review

66 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q2 2015, worth a combined $153M — up 5.7% from $145M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new MBWM positions and 2 closed out — a net gain of 4 holders — while 28 added to existing stakes and 17 trimmed.

The largest buyer was Banc Funds Company, adding an estimated $6.09M. The largest seller was Wellington Management Group, cutting an estimated $22.8M.

  • 66 institutional investors held Mercantile Bank Corp (MBWM) as of Q2 2015, up from 62 in Q1 2015.
  • Funds reported $153M of Mercantile Bank Corp stock for Q2 2015, up 5.7% quarter-over-quarter.
  • 6 funds opened new Mercantile Bank Corp positions in Q2 2015 and 2 closed out, a net change of +4 holders.
  • The largest Mercantile Bank Corp buyer in Q2 2015 was Banc Funds Company, an estimated $6.09M added.
  • The largest Mercantile Bank Corp seller in Q2 2015 was Wellington Management Group, an estimated $22.8M sold.

Based on aggregated 13F filings for Q2 2015.