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Mercantile Bank Corp
MBWM

91 hedge funds and large institutions have $300M invested in Mercantile Bank Corp in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 32 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

9% more capital invested

Capital invested by funds: $274M → $300M (+$25.7M)

2% more funds holding

Funds holding: 89 → 91 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.74% less ownership

Funds ownership: 52.88% → 52.14% (-0.74%)

6% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 32

Holders
91
Holders Change
+2
Holders Change %
+2.25%
% of All Funds
2.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
30
Reduced
32
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.08M
2
BlackRock
BlackRock
New York
+$1.58M
3
BFC
Banc Funds Company
Illinois
+$1.46M
4
Charles Schwab
Charles Schwab
California
+$1.21M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$910K

Top Sellers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$3.89M
2
Invesco
Invesco
Georgia
-$1.86M
3
NI
Numeric Investors
Massachusetts
-$1.56M
4
PAM
Panagora Asset Management
Massachusetts
-$1.17M
5
KCM
Kennedy Capital Management
Missouri
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
26
Victory Capital Management
Texas
$1.62M +$5.07K +160 +0.3%
BCM
27
Bridgeway Capital Management
Texas
$1.61M – – –
Wells Fargo
28
Wells Fargo
California
$1.56M +$234K +7,376 +20%
TCIM
29
TIAA CREF Investment Management
New York
$1.52M +$12.4K +391 +0.9%
Bank of America
30
Bank of America
North Carolina
$1.41M -$275K -8,688 -18%
MC
31
Menta Capital
California
$1.32M -$46.9K -1,479 -4%
HNB
32
Huntington National Bank
Ohio
$1.24M – – –
First Trust Advisors
33
First Trust Advisors
Illinois
$1.19M -$155K -4,898 -13%
JP Morgan Chase
34
JP Morgan Chase
New York
$1.13M -$44.4K -1,400 -4%
WCM
35
Wedge Capital Management
North Carolina
$1.06M – – –
TA
36
Teachers Advisors
New York
$1M – – –
Swiss National Bank
37
Swiss National Bank
Switzerland
$932K – – –
California State Teachers Retirement System (CalSTRS)
38
California State Teachers Retirement System (CalSTRS)
California
$899K -$88K -2,776 -10%
CS
39
Credit Suisse
Switzerland
$884K +$417K +13,159 +108%
IA
40
IndexIQ Advisors
New York
$879K +$363K +11,444 +83%
Deutsche Bank
41
Deutsche Bank
Germany
$822K -$396K -12,510 -35%
FNBOO
42
First National Bank of Omaha
Nebraska
$793K +$9.51K +300 +1%
RHAM
43
Round Hill Asset Management
California
$790K – – –
Russell Investments Group
44
Russell Investments Group
United Kingdom
$784K +$61.1K +1,927 +9%
Invesco
45
Invesco
Georgia
$783K -$1.86M -58,648 -72%
SO
46
STRS Ohio
Ohio
$767K – – –
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$678K +$3.17K +100 +0.5%
AllianceBernstein
48
AllianceBernstein
Tennessee
$656K – – –
Goldman Sachs
49
Goldman Sachs
New York
$634K -$13.2K -418 -2%
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$618K – – –
1
2
3 4

MBWM Hedge Fund Activity: Q3 2017 in Review

91 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2017, worth a combined $300M — up 9.4% from $274M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MBWM positions and 4 closed out — a net gain of 3 holders — while 30 added to existing stakes and 32 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $2.08M. The largest seller was PNC Financial Services Group, cutting an estimated $3.89M.

  • 91 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2017, up from 89 in Q2 2017.
  • Funds reported $300M of Mercantile Bank Corp stock for Q3 2017, up 9.4% quarter-over-quarter.
  • 7 funds opened new Mercantile Bank Corp positions in Q3 2017 and 4 closed out, a net change of +3 holders.
  • The largest Mercantile Bank Corp buyer in Q3 2017 was Wellington Management Group, an estimated $2.08M added.
  • The largest Mercantile Bank Corp seller in Q3 2017 was PNC Financial Services Group, an estimated $3.89M sold.

Based on aggregated 13F filings for Q3 2017.