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Mercantile Bank Corp
MBWM

133 hedge funds and large institutions have $283M invested in Mercantile Bank Corp in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 36 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

283% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 6

31% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 36

14% more funds holding

Funds holding: 117 → 133 (+16)

13% more capital invested

Capital invested by funds: $250M → $283M (+$33.2M)

0.63% more ownership

Funds ownership: 56.59% → 57.21% (+0.63%)

Holders
133
Holders Change
+16
Holders Change %
+13.68%
% of All Funds
2.11%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
47
Reduced
36
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OAM
Oberweis Asset Management
Illinois
+$745K
2
CAM
ClariVest Asset Management
California
+$744K
3
American Century Companies
American Century Companies
Missouri
+$705K
4
II
Inspire Investing
Idaho
+$659K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$517K

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$720K
2
BlackRock
BlackRock
New York
-$625K
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$614K
4
State Street
State Street
Massachusetts
-$444K
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$429K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$1.55M +$485K +14,838 +42%
BGIM
27
Brandywine Global Investment Management
Pennsylvania
$1.5M +$218K +6,668 +16%
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$1.44M +$429K +13,134 +39%
AQR Capital Management
29
AQR Capital Management
Connecticut
$1.42M +$9.93K +304 +0.7%
Bank of America
30
Bank of America
North Carolina
$1.4M +$94.1K +2,881 +7%
First Trust Advisors
31
First Trust Advisors
Illinois
$1.39M -$720K -22,040 -33%
RHCA
32
Rosenthal Henry Capital Advisors
Indiana
$1.39M – – –
Goldman Sachs
33
Goldman Sachs
New York
$1.27M -$248K -7,575 -16%
EF
34
Empowered Funds
Pennsylvania
$1.21M +$103K +3,160 +9%
LG
35
LaFleur & Godfrey
Michigan
$1.16M +$229 +7 +0%
Assenagon Asset Management
36
Assenagon Asset Management
Luxembourg
$1.12M +$328K +10,031 +38%
Swiss National Bank
37
Swiss National Bank
Switzerland
$1.09M +$68.6K +2,100 +6%
Wells Fargo
38
Wells Fargo
California
$1.06M -$15.7K -481 -1%
Two Sigma Advisers
39
Two Sigma Advisers
New York
$998K -$98K -3,000 -9%
N
40
Nuveen
North Carolina
$967K – – –
CIC
41
Cornercap Investment Counsel
Georgia
$912K -$13.1K -402 -1%
Ameriprise
42
Ameriprise
Minnesota
$846K -$163K -5,000 -15%
Victory Capital Management
43
Victory Capital Management
Texas
$773K -$207K -6,342 -20%
Invesco
44
Invesco
Georgia
$762K +$128K +3,924 +19%
Los Angeles Capital Management
45
Los Angeles Capital Management
California
$744K – – –
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$742K +$556 +17 +0.1%
Two Sigma Investments
47
Two Sigma Investments
New York
$736K -$57.2K -1,751 -7%
SWA
48
Strategies Wealth Advisors
Michigan
$704K +$6.08K +186 +0.8%
CAM
49
ClariVest Asset Management
California
$703K +$744K +22,769 New
Jacobs Levy Equity Management
50
Jacobs Levy Equity Management
New Jersey
$700K +$48.3K +1,479 +7%
1
2
3 4 5

MBWM Hedge Fund Activity: Q3 2023 in Review

133 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2023, worth a combined $283M — up 13% from $250M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new MBWM positions and 6 closed out — a net gain of 17 holders — while 47 added to existing stakes and 36 trimmed.

The largest buyer was Oberweis Asset Management, adding an estimated $745K. The largest seller was First Trust Advisors, cutting an estimated $720K.

  • 133 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2023, up from 117 in Q2 2023.
  • Funds reported $283M of Mercantile Bank Corp stock for Q3 2023, up 13% quarter-over-quarter.
  • 23 funds opened new Mercantile Bank Corp positions in Q3 2023 and 6 closed out, a net change of +17 holders.
  • The largest Mercantile Bank Corp buyer in Q3 2023 was Oberweis Asset Management, an estimated $745K added.
  • The largest Mercantile Bank Corp seller in Q3 2023 was First Trust Advisors, an estimated $720K sold.

Based on aggregated 13F filings for Q3 2023.