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Mercantile Bank Corp
MBWM

128 hedge funds and large institutions have $278M invested in Mercantile Bank Corp in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 50 increasing their positions, 37 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

900% more call options, than puts

Call options by funds: $30K | Put options by funds: $3K

35% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 37

7% more capital invested

Capital invested by funds: $260M → $278M (+$17.6M)

7% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 14

0.33% more ownership

Funds ownership: 56.51% → 56.84% (+0.33%)

2% less funds holding

Funds holding: 130 → 128 (-2)

Holders
128
Holders Change
-2
Holders Change %
-1.54%
% of All Funds
2.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
50
Reduced
37
Closed
14
Calls
$30K
Puts
$3K
Net Calls
+$27K
Net Calls Change
+$27K

Top Buyers

Rank Fund Capital Flow
1
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$2.9M
2
LSV Asset Management
LSV Asset Management
Illinois
+$2.04M
3
HIM
Hillsdale Investment Management
Ontario, Canada
+$1.96M
4
Charles Schwab
Charles Schwab
California
+$1.68M
5
BGIM
Brandywine Global Investment Management
Pennsylvania
+$1M

Top Sellers

Rank Fund Capital Flow
1
SCA
Stieven Capital Advisors
Missouri
-$1.77M
2
Renaissance Technologies
Renaissance Technologies
New York
-$1.52M
3
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$1.15M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$912K
5
BlackRock
BlackRock
New York
-$851K
Name Holding Trade Value Shares
Change 		Change in
Stake
HIM
26
Hillsdale Investment Management
Ontario, Canada
$1.79M +$1.96M +58,548 New
JP Morgan Chase
27
JP Morgan Chase
New York
$1.77M -$89.8K -2,680 -4%
First Trust Advisors
28
First Trust Advisors
Illinois
$1.53M +$152K +4,553 +10%
RHCA
29
Rosenthal Henry Capital Advisors
Indiana
$1.53M – – –
AQR Capital Management
30
AQR Capital Management
Connecticut
$1.49M -$124K -3,713 -7%
Bank of America
31
Bank of America
North Carolina
$1.44M -$581K -17,341 -27%
Wells Fargo
32
Wells Fargo
California
$1.28M +$88.7K +2,648 +7%
BGIM
33
Brandywine Global Investment Management
Pennsylvania
$1.2M +$1M +29,947 +326%
Two Sigma Advisers
34
Two Sigma Advisers
New York
$1.2M +$342K +10,200 +35%
LG
35
LaFleur & Godfrey
Michigan
$1.18M -$114K -3,407 -8%
Goldman Sachs
36
Goldman Sachs
New York
$1.13M +$169K +5,032 +16%
Two Sigma Investments
37
Two Sigma Investments
New York
$1.07M +$324K +9,679 +38%
Victory Capital Management
38
Victory Capital Management
Texas
$1.02M -$57.8K -1,727 -5%
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$1.01M -$7.3K -218 -0.7%
Ameriprise
40
Ameriprise
Minnesota
$995K +$113K +3,385 +12%
Swiss National Bank
41
Swiss National Bank
Switzerland
$994K -$131K -3,900 -11%
N
42
Nuveen
North Carolina
$957K -$10.1K -302 -1%
CIC
43
Cornercap Investment Counsel
Georgia
$908K – – –
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$759K +$25.3K +754 +3%
Los Angeles Capital Management
45
Los Angeles Capital Management
California
$739K -$9.24K -276 -1%
Invesco
46
Invesco
Georgia
$733K -$417K -12,447 -34%
SWA
47
Strategies Wealth Advisors
Michigan
$685K +$409K +12,221 +120%
RHAM
48
Round Hill Asset Management
California
$618K – – –
Jacobs Levy Equity Management
49
Jacobs Levy Equity Management
New Jersey
$611K +$8.51K +254 +1%
SWM
50
Shakespeare Wealth Management
Wisconsin
$610K – – –
1
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3 4 5

MBWM Hedge Fund Activity: Q1 2023 in Review

128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2023, worth a combined $278M — up 6.8% from $260M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new MBWM positions and 14 closed out — a net gain of 1 holder — while 50 added to existing stakes and 37 trimmed.

The largest buyer was Mercer Global Advisors, opening a new position worth an estimated $2.9M. The largest seller was Stieven Capital Advisors, cutting an estimated $1.77M.

  • 128 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2023, down from 130 in Q4 2022.
  • Funds reported $278M of Mercantile Bank Corp stock for Q1 2023, up 6.8% quarter-over-quarter.
  • 15 funds opened new Mercantile Bank Corp positions in Q1 2023 and 14 closed out, a net change of +1 holder.
  • The largest Mercantile Bank Corp buyer in Q1 2023 was Mercer Global Advisors, an estimated $2.9M added.
  • The largest Mercantile Bank Corp seller in Q1 2023 was Stieven Capital Advisors, an estimated $1.77M sold.

Based on aggregated 13F filings for Q1 2023.