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Mercantile Bank Corp
MBWM

95 hedge funds and large institutions have $296M invested in Mercantile Bank Corp in 2017 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 25 increasing their positions, 31 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 11

4% more funds holding

Funds holding: 91 → 95 (+4)

2.62% more ownership

Funds ownership: 49.69% → 52.31% (+2.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $305M → $296M (-$9.66M)

19% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 31

Holders
95
Holders Change
+4
Holders Change %
+4.4%
% of All Funds
2.36%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
25
Reduced
31
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$28.4M
2
TCM
Tributary Capital Management
Nebraska
+$8.9M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$4.61M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.11M
5
SCP
Seizert Capital Partners
Michigan
+$1.94M

Top Sellers

Rank Fund Capital Flow
1
CCM
Castine Capital Management
Massachusetts
-$3.2M
2
PH
Pinnacle Holdings
Oklahoma
-$1.66M
3
Morgan Stanley
Morgan Stanley
New York
-$1.57M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.16M
5
JP Morgan Chase
JP Morgan Chase
New York
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCMH
26
Cornerstone Capital Management Holdings
New York
$1.69M -$139K -4,115 -8%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$1.64M +$131K +3,900 +9%
State of New Jersey Common Pension Fund D
28
State of New Jersey Common Pension Fund D
New Jersey
$1.63M – – –
BCM
29
Bridgeway Capital Management
Texas
$1.59M – – –
Bank of America
30
Bank of America
North Carolina
$1.58M +$31.2K +926 +2%
JP Morgan Chase
31
JP Morgan Chase
New York
$1.55M -$1.16M -34,427 -43%
First Trust Advisors
32
First Trust Advisors
Illinois
$1.5M -$71.6K -2,128 -5%
Victory Capital Management
33
Victory Capital Management
Texas
$1.42M +$1.39M +41,270 New
HNB
34
Huntington National Bank
Ohio
$1.22M -$77.4K -2,300 -6%
Wells Fargo
35
Wells Fargo
California
$1.2M +$85.3K +2,534 +8%
California State Teachers Retirement System (CalSTRS)
36
California State Teachers Retirement System (CalSTRS)
California
$1.1M -$26.9K -800 -2%
WCM
37
Wedge Capital Management
North Carolina
$1.05M – – –
Swiss National Bank
38
Swiss National Bank
Switzerland
$918K – – –
TA
39
Teachers Advisors
New York
$887K +$26K +771 +3%
Charles Schwab
40
Charles Schwab
California
$871K – – –
FNBOO
41
First National Bank of Omaha
Nebraska
$785K +$768K +22,810 New
RHAM
42
Round Hill Asset Management
California
$778K -$162K -4,800 -17%
MAM
43
Martingale Asset Management
Massachusetts
$773K -$256K -7,607 -25%
SO
44
STRS Ohio
Ohio
$712K -$23.6K -700 -3%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$668K +$32.6K +969 +5%
Russell Investments Group
46
Russell Investments Group
United Kingdom
$645K +$19.4K +575 +3%
SIM
47
Spark Investment Management
New York
$622K – – –
Federated Hermes
48
Federated Hermes
Pennsylvania
$621K -$408K -12,132 -40%
AllianceBernstein
49
AllianceBernstein
Tennessee
$619K +$606K +18,000 New
DAS
50
Dynamic Advisor Solutions
Arizona
$568K -$33.7K -1,000 -6%
1
2
3 4 5

MBWM Hedge Fund Activity: Q1 2017 in Review

95 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2017, worth a combined $296M — down 3.2% from $305M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new MBWM positions and 11 closed out — a net gain of 9 holders — while 25 added to existing stakes and 31 trimmed.

The largest buyer was BlackRock, adding an estimated $28.4M. The largest seller was Castine Capital Management, exiting entirely with an estimated $3.2M sold.

  • 95 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2017, up from 91 in Q4 2016.
  • Funds reported $296M of Mercantile Bank Corp stock for Q1 2017, down 3.2% quarter-over-quarter.
  • 20 funds opened new Mercantile Bank Corp positions in Q1 2017 and 11 closed out, a net change of +9 holders.
  • The largest Mercantile Bank Corp buyer in Q1 2017 was BlackRock, an estimated $28.4M added.
  • The largest Mercantile Bank Corp seller in Q1 2017 was Castine Capital Management, an estimated $3.2M sold.

Based on aggregated 13F filings for Q1 2017.