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Mercantile Bank Corp
MBWM

106 hedge funds and large institutions have $309M invested in Mercantile Bank Corp in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 40 increasing their positions, 32 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 32

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

1.01% more ownership

Funds ownership: 54.68% → 55.69% (+1%)

1% more funds holding

Funds holding: 105 → 106 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less capital invested

Capital invested by funds: $335M → $309M (-$26.6M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $714K

Holders
106
Holders Change
+1
Holders Change %
+0.95%
% of All Funds
2.42%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
40
Reduced
32
Closed
7
Calls
–
Puts
$714K
Net Calls
-$714K
Net Calls Change
-$338K

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$3.28M
2
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$2.74M
3
BlackRock
BlackRock
New York
+$2.02M
4
Morgan Stanley
Morgan Stanley
New York
+$1.37M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.17M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$3.58M
2
Millennium Management
Millennium Management
New York
-$2.98M
3
BFC
Banc Funds Company
Illinois
-$2.58M
4
PAM
Panagora Asset Management
Massachusetts
-$711K
5
WI
WBI Investments
New Jersey
-$684K
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
26
Victory Capital Management
Texas
$1.78M – – –
Millennium Management
27
Millennium Management
New York
$1.69M -$2.98M -83,667 -62%
SCP
28
Seizert Capital Partners
Michigan
$1.65M -$27K -758 -2%
State of New Jersey Common Pension Fund D
29
State of New Jersey Common Pension Fund D
New Jersey
$1.58M – – –
AQR Capital Management
30
AQR Capital Management
Connecticut
$1.57M +$437K +12,251 +35%
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$1.48M -$94.2K -2,641 -6%
JP Morgan Chase
32
JP Morgan Chase
New York
$1.46M +$28.5K +798 +2%
OAM
33
Oxford Asset Management
United Kingdom
$1.44M +$431K +12,074 +39%
WCM
34
Wedge Capital Management
North Carolina
$1.36M – – –
HIM
35
Hillsdale Investment Management
Ontario, Canada
$1.3M – – –
PPA
36
Parametric Portfolio Associates
Washington
$1.11M +$196K +5,488 +20%
HNB
37
Huntington National Bank
Ohio
$1.06M -$17.8K -499 -2%
AG
38
Algert Global
California
$1.01M +$82.6K +2,315 +8%
FNBOO
39
First National Bank of Omaha
Nebraska
$987K +$116K +3,255 +12%
Swiss National Bank
40
Swiss National Bank
Switzerland
$958K – – –
TA
41
Teachers Advisors
New York
$948K -$10.3K -288 -1%
Invesco
42
Invesco
Georgia
$947K +$12.2K +342 +1%
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$839K +$10.7K +301 +1%
PAM
44
Panagora Asset Management
Massachusetts
$823K -$711K -19,935 -45%
Baird Financial Group
45
Baird Financial Group
Wisconsin
$799K +$867K +24,309 New
Two Sigma Advisers
46
Two Sigma Advisers
New York
$787K -$7.13K -200 -0.8%
SO
47
STRS Ohio
Ohio
$747K – – –
Acadian Asset Management
48
Acadian Asset Management
Massachusetts
$667K – – –
RHAM
49
Round Hill Asset Management
California
$660K – – –
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$591K – – –
1
2
3 4 5

MBWM Hedge Fund Activity: Q3 2018 in Review

106 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2018, worth a combined $309M — down 7.9% from $335M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new MBWM positions and 7 closed out — a net gain of 1 holder — while 40 added to existing stakes and 32 trimmed.

The largest buyer was Bank of America, adding an estimated $3.28M. The largest seller was Wellington Management Group, cutting an estimated $3.58M.

  • 106 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2018, up from 105 in Q2 2018.
  • Funds reported $309M of Mercantile Bank Corp stock for Q3 2018, down 7.9% quarter-over-quarter.
  • 8 funds opened new Mercantile Bank Corp positions in Q3 2018 and 7 closed out, a net change of +1 holder.
  • The largest Mercantile Bank Corp buyer in Q3 2018 was Bank of America, an estimated $3.28M added.
  • The largest Mercantile Bank Corp seller in Q3 2018 was Wellington Management Group, an estimated $3.58M sold.

Based on aggregated 13F filings for Q3 2018.