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Mercantile Bank Corp
MBWM

116 hedge funds and large institutions have $288M invested in Mercantile Bank Corp in 2021 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 40 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

18% more capital invested

Capital invested by funds: $244M → $288M (+$43.9M)

12% more funds holding

Funds holding: 104 → 116 (+12)

0.81% less ownership

Funds ownership: 55.41% → 54.6% (-0.81%)

25% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 40

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $996K

Holders
116
Holders Change
+12
Holders Change %
+11.54%
% of All Funds
2.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
30
Reduced
40
Closed
5
Calls
–
Puts
$996K
Net Calls
-$996K
Net Calls Change
-$998K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$3.27M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$820K
3
Citadel Advisors
Citadel Advisors
Florida
+$659K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$608K
5
HF
HRT Financial
New York
+$587K

Top Sellers

Rank Fund Capital Flow
1
TCM
Tributary Capital Management
Nebraska
-$2.78M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$1.74M
3
Renaissance Technologies
Renaissance Technologies
New York
-$1.56M
4
Northern Trust
Northern Trust
Illinois
-$1.3M
5
Wells Fargo
Wells Fargo
California
-$988K
Name Holding Trade Value Shares
Change 		Change in
Stake
Victory Capital Management
26
Victory Capital Management
Texas
$1.53M -$151K -5,000 -10%
Citadel Advisors
27
Citadel Advisors
Florida
$1.51M +$659K +21,856 +88%
JA
28
JVL Associates
Michigan
$1.39M – – –
Thrivent Financial for Lutherans
29
Thrivent Financial for Lutherans
Minnesota
$1.37M -$81.6K -2,707 -6%
OAM
30
Oberweis Asset Management
Illinois
$1.18M +$511K +16,972 +87%
First Trust Advisors
31
First Trust Advisors
Illinois
$1.16M +$447K +14,850 +71%
Arrowstreet Capital
32
Arrowstreet Capital
Massachusetts
$1.14M -$542K -18,000 -34%
JAM
33
Jacobs Asset Management
New York
$1.13M +$566K +18,787 +117%
Swiss National Bank
34
Swiss National Bank
Switzerland
$1.13M – – –
California Public Employees Retirement System
35
California Public Employees Retirement System
California
$1.04M -$89.7K -2,976 -8%
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$921K +$99.3K +3,294 +13%
American Century Companies
37
American Century Companies
Missouri
$906K +$183K +6,088 +28%
AQR Capital Management
38
AQR Capital Management
Connecticut
$883K +$820K +27,206 New
RhumbLine Advisers
39
RhumbLine Advisers
Massachusetts
$864K -$39.7K -1,319 -5%
FNBOO
40
First National Bank of Omaha
Nebraska
$849K -$90.5K -3,004 -10%
SWM
41
Shakespeare Wealth Management
Wisconsin
$839K – – –
Morgan Stanley
42
Morgan Stanley
New York
$837K -$814K -26,996 -51%
LPL Financial
43
LPL Financial
California
$824K +$5.24K +174 +0.7%
Ameriprise
44
Ameriprise
Minnesota
$816K +$83.6K +2,773 +12%
Goldman Sachs
45
Goldman Sachs
New York
$806K -$454K -15,056 -38%
California State Teachers Retirement System (CalSTRS)
46
California State Teachers Retirement System (CalSTRS)
California
$774K – – –
Invesco
47
Invesco
Georgia
$689K -$191K -6,335 -23%
RHAM
48
Round Hill Asset Management
California
$656K – – –
SO
49
STRS Ohio
Ohio
$642K – – –
HF
50
HRT Financial
New York
$632K +$587K +19,467 New
1
2
3 4 5

MBWM Hedge Fund Activity: Q1 2021 in Review

116 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2021, worth a combined $288M — up 18% from $244M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MBWM positions and 5 closed out — a net gain of 12 holders — while 30 added to existing stakes and 40 trimmed.

The largest buyer was BlackRock, adding an estimated $3.27M. The largest seller was Tributary Capital Management, cutting an estimated $2.78M.

  • 116 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2021, up from 104 in Q4 2020.
  • Funds reported $288M of Mercantile Bank Corp stock for Q1 2021, up 18% quarter-over-quarter.
  • 17 funds opened new Mercantile Bank Corp positions in Q1 2021 and 5 closed out, a net change of +12 holders.
  • The largest Mercantile Bank Corp buyer in Q1 2021 was BlackRock, an estimated $3.27M added.
  • The largest Mercantile Bank Corp seller in Q1 2021 was Tributary Capital Management, an estimated $2.78M sold.

Based on aggregated 13F filings for Q1 2021.