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Mercantile Bank Corp
MBWM

83 hedge funds and large institutions have $207M invested in Mercantile Bank Corp in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 35 increasing their positions, 25 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 25

14% more capital invested

Capital invested by funds: $182M → $207M (+$25.3M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 87 → 83 (-4)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
83
Holders Change
-4
Holders Change %
-4.6%
% of All Funds
2.21%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
4
Increased
35
Reduced
25
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$2.79M
2
PAM
Panagora Asset Management
Massachusetts
+$1.95M
3
HNB
Huntington National Bank
Ohio
+$830K
4
BFA
BlackRock Fund Advisors
California
+$800K
5
BIT
BlackRock Institutional Trust
California
+$740K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$1.5M
2
TAM
THB Asset Management
Connecticut
-$1.19M
3
NSAM
North Star Asset Management
Wisconsin
-$620K
4
Deutsche Bank
Deutsche Bank
Germany
-$578K
5
LCM
LVM Capital Management
Michigan
-$536K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCMH
26
Cornerstone Capital Management Holdings
New York
$1.45M +$637K +24,600 +83%
State of New Jersey Common Pension Fund D
27
State of New Jersey Common Pension Fund D
New Jersey
$1.27M – – –
BCM
28
Bridgeway Capital Management
Texas
$1.24M – – –
Bank of America
29
Bank of America
North Carolina
$1.21M +$5.54K +214 +0.5%
Goldman Sachs
30
Goldman Sachs
New York
$1.11M +$571K +22,039 +113%
MAM
31
Martingale Asset Management
Massachusetts
$1.05M +$439K +16,960 +76%
JP Morgan Chase
32
JP Morgan Chase
New York
$1.05M +$287K +11,095 +40%
HNB
33
Huntington National Bank
Ohio
$1.02M +$830K +32,017 +534%
California State Teachers Retirement System (CalSTRS)
34
California State Teachers Retirement System (CalSTRS)
California
$903K +$7.77K +300 +0.9%
Wells Fargo
35
Wells Fargo
California
$816K +$51.1K +1,974 +7%
Millennium Management
36
Millennium Management
New York
$788K -$407K -15,704 -35%
Charles Schwab
37
Charles Schwab
California
$680K – – –
SO
38
STRS Ohio
Ohio
$676K -$80.3K -3,100 -11%
TA
39
Teachers Advisors
New York
$672K – – –
EA
40
Emerald Acquisition
Washington
$657K -$463K -17,860 -42%
First Trust Advisors
41
First Trust Advisors
Illinois
$644K -$11.4K -440 -2%
Federated Hermes
42
Federated Hermes
Pennsylvania
$630K -$570 -22 -0.1%
Invesco
43
Invesco
Georgia
$627K +$107K +4,148 +22%
Swiss National Bank
44
Swiss National Bank
Switzerland
$607K – – –
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$538K +$7.77K +300 +2%
DAS
46
Dynamic Advisor Solutions
Arizona
$470K -$25.9K -1,000 -5%
Two Sigma Advisers
47
Two Sigma Advisers
New York
$459K -$18.1K -700 -4%
PMFA
48
Plante Moran Financial Advisors
Michigan
$421K – – –
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$413K – – –
SIM
50
Spark Investment Management
New York
$365K +$127K +4,900 +56%
1
2
3 4

MBWM Hedge Fund Activity: Q3 2016 in Review

83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2016, worth a combined $207M — up 14% from $182M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of MBWM and 4 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 35 added.

The largest buyer was Vanguard Group, adding an estimated $2.79M. The largest seller was Banc Funds Company, cutting an estimated $1.5M.

  • 83 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2016, down from 87 in Q2 2016.
  • Funds reported $207M of Mercantile Bank Corp stock for Q3 2016, up 14% quarter-over-quarter.
  • 4 funds opened new Mercantile Bank Corp positions in Q3 2016 and 7 closed out, a net change of -3 holders.
  • The largest Mercantile Bank Corp buyer in Q3 2016 was Vanguard Group, an estimated $2.79M added.
  • The largest Mercantile Bank Corp seller in Q3 2016 was Banc Funds Company, an estimated $1.5M sold.

Based on aggregated 13F filings for Q3 2016.