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Mercantile Bank Corp

98 hedge funds and large institutions have $189M invested in Mercantile Bank Corp in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 43 increasing their positions, 30 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 30

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.55% less ownership

Funds ownership: 56.09%54.54% (-1.5%)

13% less funds holding

Funds holding: 11398 (-15)

44% less capital invested

Capital invested by funds: $334M → $189M (-$146M)

72% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 18

Holders
98
Holders Change
-15
Holders Change %
-13.27%
% of All Funds
2.16%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
43
Reduced
30
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$953K -$291K -9,654 -18%
PPA
27
Parametric Portfolio Associates
Washington
$838K -$233K -7,733 -16%
Thrivent Financial for Lutherans
28
Thrivent Financial for Lutherans
Minnesota
$755K
California Public Employees Retirement System
29
California Public Employees Retirement System
California
$754K -$320K -10,616 -23%
RhumbLine Advisers
30
RhumbLine Advisers
Massachusetts
$656K +$140K +4,625 +18%
Morgan Stanley
31
Morgan Stanley
New York
$651K -$514K -17,029 -36%
Swiss National Bank
32
Swiss National Bank
Switzerland
$599K
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$549K -$109K -3,602 -12%
Invesco
34
Invesco
Georgia
$546K +$35.3K +1,169 +5%
California State Teachers Retirement System (CalSTRS)
35
California State Teachers Retirement System (CalSTRS)
California
$520K +$8.63K +286 +1%
Russell Investments Group
36
Russell Investments Group
United Kingdom
$513K +$87.6K +2,901 +13%
MCM
37
Matarin Capital Management
New York
$510K -$33K -1,095 -4%
FNBOO
38
First National Bank of Omaha
Nebraska
$489K +$8.54K +283 +1%
RHAM
39
Round Hill Asset Management
California
$414K
WG
40
Winton Group
United Kingdom
$387K -$164K -5,444 -23%
SO
41
STRS Ohio
Ohio
$385K -$15.1K -500 -3%
Two Sigma Advisers
42
Two Sigma Advisers
New York
$383K +$90.1K +2,984 +20%
Baird Financial Group
43
Baird Financial Group
Wisconsin
$375K -$199K -6,594 -27%
AllianceBernstein
44
AllianceBernstein
Tennessee
$349K +$36.2K +1,200 +8%
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$339K
Deutsche Bank
46
Deutsche Bank
Germany
$318K +$66K +2,187 +17%
JA
47
JVL Associates
Michigan
$307K
AG
48
Aperio Group
California
$305K +$169K +5,606 +64%
PAM
49
Panagora Asset Management
Massachusetts
$285K +$337K +11,160 +483%
UBS Group
50
UBS Group
Switzerland
$259K -$338K -11,198 -48%

MBWM Hedge Fund Activity: Q1 2020 in Review

98 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2020, worth a combined $189M — down 44% from $334M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of MBWM and 5 opened new positions — a net loss of 13 holders — while 30 trimmed existing stakes and 43 added.

The largest buyer was Victory Capital Management, adding an estimated $1.3M. The largest seller was Banc Funds Company, cutting an estimated $2.8M.

  • 98 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2020, down from 113 in Q4 2019.
  • Funds reported $189M of Mercantile Bank Corp stock for Q1 2020, down 44% quarter-over-quarter.
  • 5 funds opened new Mercantile Bank Corp positions in Q1 2020 and 18 closed out, a net change of -13 holders.
  • The largest Mercantile Bank Corp buyer in Q1 2020 was Victory Capital Management, an estimated $1.3M added.
  • The largest Mercantile Bank Corp seller in Q1 2020 was Banc Funds Company, an estimated $2.8M sold.

Based on aggregated 13F filings for Q1 2020.