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Mercantile Bank Corp
MBWM

95 hedge funds and large institutions have $156M invested in Mercantile Bank Corp in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 35 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.03% less ownership

Funds ownership: 54.56% → 53.53% (-1%)

6% less funds holding

Funds holding: 101 → 95 (-6)

22% less capital invested

Capital invested by funds: $200M → $156M (-$43.5M)

31% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 35

46% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 13

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $330K

Holders
95
Holders Change
-6
Holders Change %
-5.94%
% of All Funds
1.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
24
Reduced
35
Closed
13
Calls
–
Puts
$330K
Net Calls
-$330K
Net Calls Change
-$330K

Top Buyers

Rank Fund Capital Flow
1
TCM
Tributary Capital Management
Nebraska
+$1.97M
2
SWM
Shakespeare Wealth Management
Wisconsin
+$541K
3
NPF
Norris Perne & French
Michigan
+$518K
4
Osaic Holdings
Osaic Holdings
Arizona
+$473K
5
Citadel Advisors
Citadel Advisors
Florida
+$451K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$2.12M
2
BlackRock
BlackRock
New York
-$880K
3
First Trust Advisors
First Trust Advisors
Illinois
-$637K
4
RHCA
Rosenthal Henry Capital Advisors
Indiana
-$524K
5
MSL
Mackay Shields LLC
New York
-$513K
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
26
Parametric Portfolio Associates
Washington
$757K +$93.8K +4,476 +12%
Goldman Sachs
27
Goldman Sachs
New York
$673K -$229K -10,930 -23%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$646K +$18.9K +900 +3%
Swiss National Bank
29
Swiss National Bank
Switzerland
$629K – – –
JP Morgan Chase
30
JP Morgan Chase
New York
$593K -$110K -5,247 -14%
Morgan Stanley
31
Morgan Stanley
New York
$553K +$12.4K +594 +2%
FNBOO
32
First National Bank of Omaha
Nebraska
$540K +$147K +7,023 +31%
Osaic Holdings
33
Osaic Holdings
Arizona
$506K +$473K +22,551 +408%
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$487K +$55.4K +2,643 +11%
SWM
35
Shakespeare Wealth Management
Wisconsin
$466K +$541K +25,834 New
NPF
36
Norris Perne & French
Michigan
$445K +$518K +24,712 New
California State Teachers Retirement System (CalSTRS)
37
California State Teachers Retirement System (CalSTRS)
California
$442K – – –
Invesco
38
Invesco
Georgia
$434K -$13.5K -643 -3%
RhumbLine Advisers
39
RhumbLine Advisers
Massachusetts
$406K -$170K -8,104 -26%
Citadel Advisors
40
Citadel Advisors
Florida
$387K +$451K +21,525 New
SO
41
STRS Ohio
Ohio
$356K – – –
TI
42
Trexquant Investment
Connecticut
$345K +$201K +9,599 +100%
RHAM
43
Round Hill Asset Management
California
$342K – – –
OAM
44
Oberweis Asset Management
Illinois
$332K +$386K +18,400 New
AllianceBernstein
45
AllianceBernstein
Tennessee
$327K -$33K -1,575 -8%
Los Angeles Capital Management
46
Los Angeles Capital Management
California
$327K +$28.1K +1,340 +8%
Baird Financial Group
47
Baird Financial Group
Wisconsin
$319K – – –
American Century Companies
48
American Century Companies
Missouri
$313K +$67.5K +3,220 +23%
TRCT
49
Tower Research Capital (TRC)
New York
$307K +$300K +14,330 +523%
First Trust Advisors
50
First Trust Advisors
Illinois
$296K -$637K -30,380 -65%
1
2
3 4 5

MBWM Hedge Fund Activity: Q3 2020 in Review

95 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2020, worth a combined $156M — down 22% from $200M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of MBWM and 7 opened new positions — a net loss of 6 holders — while 35 trimmed existing stakes and 24 added.

The largest buyer was Tributary Capital Management, adding an estimated $1.97M. The largest seller was Banc Funds Company, cutting an estimated $2.12M.

  • 95 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2020, down from 101 in Q2 2020.
  • Funds reported $156M of Mercantile Bank Corp stock for Q3 2020, down 22% quarter-over-quarter.
  • 7 funds opened new Mercantile Bank Corp positions in Q3 2020 and 13 closed out, a net change of -6 holders.
  • The largest Mercantile Bank Corp buyer in Q3 2020 was Tributary Capital Management, an estimated $1.97M added.
  • The largest Mercantile Bank Corp seller in Q3 2020 was Banc Funds Company, an estimated $2.12M sold.

Based on aggregated 13F filings for Q3 2020.