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Mercantile Bank Corp
MBWM

109 hedge funds and large institutions have $295M invested in Mercantile Bank Corp in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 40 increasing their positions, 33 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 8

21% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 33

4% more funds holding

Funds holding: 105 → 109 (+4)

1% more capital invested

Capital invested by funds: $293M → $295M (+$1.93M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.02% less ownership

Funds ownership: 54.77% → 54.75% (-0.02%)

Holders
109
Holders Change
+4
Holders Change %
+3.81%
% of All Funds
2.39%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
40
Reduced
33
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$3.16M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.1M
3
BlackRock
BlackRock
New York
+$1.06M
4
Morgan Stanley
Morgan Stanley
New York
+$626K
5
LG
LaFleur & Godfrey
Michigan
+$574K

Top Sellers

Rank Fund Capital Flow
1
TAM
THB Asset Management
Connecticut
-$2.63M
2
BFC
Banc Funds Company
Illinois
-$1.91M
3
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$1.54M
4
Goldman Sachs
Goldman Sachs
New York
-$1.41M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$1.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$1.4M -$357K -11,107 -21%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$1.36M +$159K +4,942 +13%
WCM
28
Wedge Capital Management
North Carolina
$1.34M – – –
PPA
29
Parametric Portfolio Associates
Washington
$1.33M +$546K +16,969 +72%
Morgan Stanley
30
Morgan Stanley
New York
$1.16M +$626K +19,477 +122%
MAM
31
Martingale Asset Management
Massachusetts
$1.05M +$99.7K +3,101 +11%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$951K -$14K -434 -1%
Millennium Management
33
Millennium Management
New York
$944K +$413K +12,849 +81%
Swiss National Bank
34
Swiss National Bank
Switzerland
$909K – – –
Thrivent Financial for Lutherans
35
Thrivent Financial for Lutherans
Minnesota
$904K +$14.1K +439 +2%
Arrowstreet Capital
36
Arrowstreet Capital
Massachusetts
$896K +$571K +17,757 +186%
Bessemer Group
37
Bessemer Group
New Jersey
$863K +$122K +3,800 +17%
RhumbLine Advisers
38
RhumbLine Advisers
Massachusetts
$859K +$65.7K +2,042 +8%
California State Teachers Retirement System (CalSTRS)
39
California State Teachers Retirement System (CalSTRS)
California
$815K – – –
Invesco
40
Invesco
Georgia
$801K -$18K -560 -2%
Baird Financial Group
41
Baird Financial Group
Wisconsin
$797K -$32.2K -1,000 -4%
FNBOO
42
First National Bank of Omaha
Nebraska
$732K -$53.1K -1,650 -7%
WG
43
Winton Group
United Kingdom
$702K +$354K +11,007 +106%
RHAM
44
Round Hill Asset Management
California
$649K – – –
SO
45
STRS Ohio
Ohio
$646K -$25.7K -800 -4%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$581K – – –
Grantham, Mayo, Van Otterloo & Co (GMO)
47
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$574K +$563K +17,500 New
Two Sigma Advisers
48
Two Sigma Advisers
New York
$524K -$48.2K -1,500 -9%
AllianceBernstein
49
AllianceBernstein
Tennessee
$515K -$28.9K -900 -5%
Citadel Advisors
50
Citadel Advisors
Florida
$495K +$486K +15,105 New
1
2
3 4 5

MBWM Hedge Fund Activity: Q3 2019 in Review

109 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2019, worth a combined $295M — up 0.66% from $293M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MBWM positions and 8 closed out — a net gain of 4 holders — while 40 added to existing stakes and 33 trimmed.

The largest buyer was Bank of America, adding an estimated $3.16M. The largest seller was THB Asset Management, exiting entirely with an estimated $2.63M sold.

  • 109 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2019, up from 105 in Q2 2019.
  • Funds reported $295M of Mercantile Bank Corp stock for Q3 2019, up 0.66% quarter-over-quarter.
  • 12 funds opened new Mercantile Bank Corp positions in Q3 2019 and 8 closed out, a net change of +4 holders.
  • The largest Mercantile Bank Corp buyer in Q3 2019 was Bank of America, an estimated $3.16M added.
  • The largest Mercantile Bank Corp seller in Q3 2019 was THB Asset Management, an estimated $2.63M sold.

Based on aggregated 13F filings for Q3 2019.