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Mercantile Bank Corp
MBWM

104 hedge funds and large institutions have $244M invested in Mercantile Bank Corp in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 35 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

56% more capital invested

Capital invested by funds: $156M → $244M (+$87.8M)

9% more funds holding

Funds holding: 95 → 104 (+9)

1.88% more ownership

Funds ownership: 53.53% → 55.41% (+1.9%)

17% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 35

Holders
104
Holders Change
+9
Holders Change %
+9.47%
% of All Funds
1.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
29
Reduced
35
Closed
8
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
+$332K

Top Buyers

Rank Fund Capital Flow
1
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$3.14M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.01M
3
BFC
Banc Funds Company
Illinois
+$1.66M
4
BlackRock
BlackRock
New York
+$1.41M
5
JP Morgan Chase
JP Morgan Chase
New York
+$724K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.95M
2
Renaissance Technologies
Renaissance Technologies
New York
-$840K
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$654K
4
TCM
Tributary Capital Management
Nebraska
-$587K
5
Vanguard Group
Vanguard Group
Pennsylvania
-$571K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$1.43M +$528K +22,103 +72%
Victory Capital Management
27
Victory Capital Management
Texas
$1.42M +$72.1K +3,018 +6%
RHCA
28
Rosenthal Henry Capital Advisors
Indiana
$1.36M – – –
Thrivent Financial for Lutherans
29
Thrivent Financial for Lutherans
Minnesota
$1.22M – – –
JA
30
JVL Associates
Michigan
$1.16M – – –
Goldman Sachs
31
Goldman Sachs
New York
$1.08M +$59.2K +2,479 +7%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$954K -$16.7K -700 -2%
Swiss National Bank
33
Swiss National Bank
Switzerland
$948K – – –
FNBOO
34
First National Bank of Omaha
Nebraska
$792K -$19.7K -826 -3%
RhumbLine Advisers
35
RhumbLine Advisers
Massachusetts
$759K +$129K +5,423 +24%
Invesco
36
Invesco
Georgia
$749K +$83.1K +3,482 +14%
SWM
37
Shakespeare Wealth Management
Wisconsin
$702K – – –
LPL Financial
38
LPL Financial
California
$685K +$602K +25,195 New
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$682K -$46K -1,928 -7%
Citadel Advisors
40
Citadel Advisors
Florida
$673K +$76.9K +3,219 +15%
California State Teachers Retirement System (CalSTRS)
41
California State Teachers Retirement System (CalSTRS)
California
$647K -$17.3K -725 -3%
Ameriprise
42
Ameriprise
Minnesota
$608K +$534K +22,367 New
American Century Companies
43
American Century Companies
Missouri
$593K +$106K +4,436 +26%
First Trust Advisors
44
First Trust Advisors
Illinois
$571K +$110K +4,586 +28%
RHAM
45
Round Hill Asset Management
California
$549K +$28.7K +1,202 +6%
SO
46
STRS Ohio
Ohio
$537K – – –
OAM
47
Oberweis Asset Management
Illinois
$530K +$26.3K +1,100 +6%
Assenagon Asset Management
48
Assenagon Asset Management
Luxembourg
$510K +$448K +18,770 New
Baird Financial Group
49
Baird Financial Group
Wisconsin
$481K – – –
CS
50
Credit Suisse
Switzerland
$471K +$141K +5,923 +52%
1
2
3 4 5

MBWM Hedge Fund Activity: Q4 2020 in Review

104 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2020, worth a combined $244M — up 56% from $156M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MBWM positions and 8 closed out — a net gain of 9 holders — while 29 added to existing stakes and 35 trimmed.

The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $3.14M. The largest seller was Royal Bank of Canada, cutting an estimated $1.95M.

  • 104 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2020, up from 95 in Q3 2020.
  • Funds reported $244M of Mercantile Bank Corp stock for Q4 2020, up 56% quarter-over-quarter.
  • 17 funds opened new Mercantile Bank Corp positions in Q4 2020 and 8 closed out, a net change of +9 holders.
  • The largest Mercantile Bank Corp buyer in Q4 2020 was Hotchkis & Wiley Capital Management, an estimated $3.14M added.
  • The largest Mercantile Bank Corp seller in Q4 2020 was Royal Bank of Canada, an estimated $1.95M sold.

Based on aggregated 13F filings for Q4 2020.