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Mercantile Bank Corp
MBWM

76 hedge funds and large institutions have $179M invested in Mercantile Bank Corp in 2015 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 20

21% more capital invested

Capital invested by funds: $148M → $179M (+$30.7M)

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

1% more funds holding

Funds holding: 75 → 76 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
76
Holders Change
+1
Holders Change %
+1.33%
% of All Funds
1.99%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
7
Increased
30
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TAM
THB Asset Management
Connecticut
+$3.66M
2
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
+$1.01M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$997K
4
OSAM
O'Shaughnessy Asset Management
Connecticut
+$973K
5
CEP
Chicago Equity Partners
Illinois
+$728K

Top Sellers

Rank Fund Capital Flow
1
MCM
Maltese Capital Management
New York
-$2.75M
2
CCM
Castine Capital Management
Massachusetts
-$1.32M
3
TC
TFS Capital
Pennsylvania
-$1.08M
4
Deutsche Bank
Deutsche Bank
Germany
-$932K
5
BCM
Bridgeway Capital Management
Texas
-$704K
Name Holding Trade Value Shares
Change 		Change in
Stake
RFC
26
Russell Frank Company
Washington
$996K +$13.9K +590 +1%
Morgan Stanley
27
Morgan Stanley
New York
$891K +$516K +21,956 +153%
BCM
28
Bridgeway Capital Management
Texas
$828K -$704K -29,942 -47%
FBNAT
29
FirstMerit Bank N.A. Trustee
Ohio
$813K – – –
California State Teachers Retirement System (CalSTRS)
30
California State Teachers Retirement System (CalSTRS)
California
$767K +$12K +511 +2%
CEP
31
Chicago Equity Partners
Illinois
$760K +$728K +30,978 New
Wells Fargo
32
Wells Fargo
California
$741K +$14.7K +626 +2%
First Trust Advisors
33
First Trust Advisors
Illinois
$708K +$214K +9,098 +46%
MAM
34
Martingale Asset Management
Massachusetts
$705K +$446K +18,970 +195%
SO
35
STRS Ohio
Ohio
$667K +$439K +18,691 +220%
Charles Schwab
36
Charles Schwab
California
$621K – – –
TA
37
Teachers Advisors
New York
$614K – – –
RhumbLine Advisers
38
RhumbLine Advisers
Massachusetts
$550K +$14.2K +605 +3%
DAS
39
Dynamic Advisor Solutions
Arizona
$515K – – –
CCMH
40
Cornerstone Capital Management Holdings
New York
$500K +$164K +6,968 +52%
Two Sigma Advisers
41
Two Sigma Advisers
New York
$461K -$44.8K -1,905 -9%
Invesco
42
Invesco
Georgia
$448K +$73.6K +3,132 +21%
PMFA
43
Plante Moran Financial Advisors
Michigan
$419K +$109K +4,634 +37%
New York State Common Retirement Fund
44
New York State Common Retirement Fund
New York
$378K – – –
MERSOM
45
Municipal Employees' Retirement System of Michigan
Michigan
$373K – – –
Millennium Management
46
Millennium Management
New York
$367K +$123K +5,234 +54%
PAM
47
Panagora Asset Management
Massachusetts
$352K – – –
PNC
48
Park National Corp
Ohio
$344K -$63.4K -2,697 -16%
LCM
49
LVM Capital Management
Michigan
$315K -$32.4K -1,378 -10%
MLICM
50
Metropolitan Life Insurance Company (MetLife)
New York
$310K – – –
1
2
3 4

MBWM Hedge Fund Activity: Q4 2015 in Review

76 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2015, worth a combined $179M — up 21% from $148M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MBWM positions and 6 closed out — a net gain of 1 holder — while 30 added to existing stakes and 20 trimmed.

The largest buyer was THB Asset Management, opening a new position worth an estimated $3.66M. The largest seller was Maltese Capital Management, exiting entirely with an estimated $2.75M sold.

  • 76 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2015, up from 75 in Q3 2015.
  • Funds reported $179M of Mercantile Bank Corp stock for Q4 2015, up 21% quarter-over-quarter.
  • 7 funds opened new Mercantile Bank Corp positions in Q4 2015 and 6 closed out, a net change of +1 holder.
  • The largest Mercantile Bank Corp buyer in Q4 2015 was THB Asset Management, an estimated $3.66M added.
  • The largest Mercantile Bank Corp seller in Q4 2015 was Maltese Capital Management, an estimated $2.75M sold.

Based on aggregated 13F filings for Q4 2015.