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Mercantile Bank Corp
MBWM

130 hedge funds and large institutions have $260M invested in Mercantile Bank Corp in 2022 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 46 increasing their positions, 41 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

12% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 41

5% more funds holding

Funds holding: 124 → 130 (+6)

1% more ownership

Funds ownership: 55.5% → 56.51% (+1%)

0% less capital invested

Capital invested by funds: $262M → $260M (-$1.12M)

Holders
130
Holders Change
+6
Holders Change %
+4.84%
% of All Funds
2.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
46
Reduced
41
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$2.02M
2
Millennium Management
Millennium Management
New York
+$1.96M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$1.23M
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
+$1.15M
5
JP Morgan Chase
JP Morgan Chase
New York
+$830K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$2.09M
2
RIP
Rhino Investment Partners
Pennsylvania
-$1.92M
3
Renaissance Technologies
Renaissance Technologies
New York
-$1M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$826K
5
JA
JVL Associates
Michigan
-$459K
Name Holding Trade Value Shares
Change 		Change in
Stake
RHCA
26
Rosenthal Henry Capital Advisors
Indiana
$1.67M – – –
OAM
27
Oberweis Asset Management
Illinois
$1.67M +$243K +7,262 +17%
First Trust Advisors
28
First Trust Advisors
Illinois
$1.53M +$445K +13,279 +41%
LG
29
LaFleur & Godfrey
Michigan
$1.4M -$3.12K -93 -0.2%
Wells Fargo
30
Wells Fargo
California
$1.31M -$26.3K -786 -2%
PAM
31
Panagora Asset Management
Massachusetts
$1.23M +$264K +7,883 +27%
Assenagon Asset Management
32
Assenagon Asset Management
Luxembourg
$1.23M +$1.23M +36,647 New
Invesco
33
Invesco
Georgia
$1.22M -$282K -8,411 -19%
Swiss National Bank
34
Swiss National Bank
Switzerland
$1.22M +$23.4K +700 +2%
Victory Capital Management
35
Victory Capital Management
Texas
$1.18M -$27.9K -833 -2%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
36
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.15M +$1.15M +34,300 New
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$1.12M +$7.34K +219 +0.7%
Goldman Sachs
38
Goldman Sachs
New York
$1.07M +$136K +4,057 +15%
N
39
Nuveen
North Carolina
$1.06M -$422K -12,613 -29%
CIC
40
Cornercap Investment Counsel
Georgia
$994K +$30.1K +900 +3%
Ameriprise
41
Ameriprise
Minnesota
$976K -$12K -358 -1%
Two Sigma Advisers
42
Two Sigma Advisers
New York
$967K -$23.4K -700 -2%
BCM
43
BHZ Capital Management
California
$942K -$175K -5,232 -16%
Two Sigma Investments
44
Two Sigma Investments
New York
$845K -$27.6K -825 -3%
Los Angeles Capital Management
45
Los Angeles Capital Management
California
$819K – – –
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$806K +$13.5K +404 +2%
RHAM
47
Round Hill Asset Management
California
$677K – – –
SWM
48
Shakespeare Wealth Management
Wisconsin
$668K – – –
Jacobs Levy Equity Management
49
Jacobs Levy Equity Management
New Jersey
$660K -$15.6K -465 -2%
California State Teachers Retirement System (CalSTRS)
50
California State Teachers Retirement System (CalSTRS)
California
$644K +$6.46K +193 +1%
1
2
3 4 5

MBWM Hedge Fund Activity: Q4 2022 in Review

130 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2022, worth a combined $260M — down 0.43% from $262M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new MBWM positions and 11 closed out — a net gain of 8 holders — while 46 added to existing stakes and 41 trimmed.

The largest buyer was BlackRock, adding an estimated $2.02M. The largest seller was Citadel Advisors, exiting entirely with an estimated $2.09M sold.

  • 130 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2022, up from 124 in Q3 2022.
  • Funds reported $260M of Mercantile Bank Corp stock for Q4 2022, down 0.43% quarter-over-quarter.
  • 19 funds opened new Mercantile Bank Corp positions in Q4 2022 and 11 closed out, a net change of +8 holders.
  • The largest Mercantile Bank Corp buyer in Q4 2022 was BlackRock, an estimated $2.02M added.
  • The largest Mercantile Bank Corp seller in Q4 2022 was Citadel Advisors, an estimated $2.09M sold.

Based on aggregated 13F filings for Q4 2022.