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Mercantile Bank Corp
MBWM

141 hedge funds and large institutions have $386M invested in Mercantile Bank Corp in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 50 increasing their positions, 42 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,990% more call options, than puts

Call options by funds: $1.02M | Put options by funds: $20K

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

36% more capital invested

Capital invested by funds: $283M → $386M (+$103M)

19% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 42

6% more funds holding

Funds holding: 133 → 141 (+8)

2.4% more ownership

Funds ownership: 57.21% → 59.61% (+2.4%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
141
Holders Change
+8
Holders Change %
+6.02%
% of All Funds
2.06%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
50
Reduced
42
Closed
12
Calls
$1.02M
Puts
$20K
Net Calls
+$998K
Net Calls Change
+$998K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$4.58M
2
Morgan Stanley
Morgan Stanley
New York
+$4.26M
3
American Century Companies
American Century Companies
Missouri
+$1.61M
4
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$1.21M
5
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$901K

Top Sellers

Rank Fund Capital Flow
1
SCA
Stieven Capital Advisors
Missouri
-$875K
2
BFC
Banc Funds Company
Illinois
-$756K
3
II
Inspire Investing
Idaho
-$623K
4
Vanguard Group
Vanguard Group
Pennsylvania
-$565K
5
KCM
Kennedy Capital Management
Missouri
-$553K
Name Holding Trade Value Shares
Change 		Change in
Stake
JA
26
JVL Associates
Michigan
$2.5M -$95.9K -2,740 -4%
Bank of America
27
Bank of America
North Carolina
$2.12M +$259K +7,396 +16%
First Trust Advisors
28
First Trust Advisors
Illinois
$1.97M +$133K +3,792 +8%
Millennium Management
29
Millennium Management
New York
$1.94M -$68.6K -1,961 -4%
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$1.94M +$46.3K +1,323 +3%
AQR Capital Management
31
AQR Capital Management
Connecticut
$1.88M +$30K +858 +2%
RHCA
32
Rosenthal Henry Capital Advisors
Indiana
$1.82M – – –
BGIM
33
Brandywine Global Investment Management
Pennsylvania
$1.78M -$162K -4,618 -10%
EF
34
Empowered Funds
Pennsylvania
$1.74M +$134K +3,840 +10%
Goldman Sachs
35
Goldman Sachs
New York
$1.58M -$65.4K -1,867 -5%
LG
36
LaFleur & Godfrey
Michigan
$1.5M -$16.7K -477 -1%
Wells Fargo
37
Wells Fargo
California
$1.39M +$10.2K +291 +0.9%
Invesco
38
Invesco
Georgia
$1.35M +$311K +8,884 +36%
N
39
Nuveen
North Carolina
$1.34M +$64.1K +1,831 +6%
Ameriprise
40
Ameriprise
Minnesota
$1.31M +$180K +5,154 +19%
Barclays
41
Barclays
United Kingdom
$1.31M +$568K +16,221 +100%
Swiss National Bank
42
Swiss National Bank
Switzerland
$1.28M -$126K -3,600 -10%
CIC
43
Cornercap Investment Counsel
Georgia
$1.19M -$1.61K -46 -0.2%
Two Sigma Advisers
44
Two Sigma Advisers
New York
$1.06M -$214K -6,100 -19%
SWA
45
Strategies Wealth Advisors
Michigan
$1.04M +$100K +2,870 +13%
Los Angeles Capital Management
46
Los Angeles Capital Management
California
$972K – – –
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$970K +$245 +7 +0%
CAM
48
ClariVest Asset Management
California
$940K +$18.1K +518 +2%
UBS Group
49
UBS Group
Switzerland
$922K +$391K +11,168 +96%
Jacobs Levy Equity Management
50
Jacobs Levy Equity Management
New Jersey
$869K -$39.2K -1,121 -5%
1
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MBWM Hedge Fund Activity: Q4 2023 in Review

141 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2023, worth a combined $386M — up 36% from $283M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new MBWM positions and 12 closed out — a net gain of 9 holders — while 50 added to existing stakes and 42 trimmed.

The largest buyer was BlackRock, adding an estimated $4.58M. The largest seller was Stieven Capital Advisors, cutting an estimated $875K.

  • 141 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2023, up from 133 in Q3 2023.
  • Funds reported $386M of Mercantile Bank Corp stock for Q4 2023, up 36% quarter-over-quarter.
  • 21 funds opened new Mercantile Bank Corp positions in Q4 2023 and 12 closed out, a net change of +9 holders.
  • The largest Mercantile Bank Corp buyer in Q4 2023 was BlackRock, an estimated $4.58M added.
  • The largest Mercantile Bank Corp seller in Q4 2023 was Stieven Capital Advisors, an estimated $875K sold.

Based on aggregated 13F filings for Q4 2023.