Mercantile Bank Corp
MBWM
56 hedge funds and large institutions have $89.9M invested in Mercantile Bank Corp in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 29 increasing their positions, 14 reducing their positions, and 6 closing their positions.
107% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 14
25% more capital invested
Capital invested by funds: $71.8M → $89.9M (+$18.1M)
3% less funds holding
Funds holding: 58 → 56 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.66M |
| 2 |
Renaissance Technologies
New York
|
+$709K |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$474K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$334K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$1.37M |
| 2 |
FG
FSI Group
Cincinnati,
Ohio
|
-$587K |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$317K |
| 4 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
-$184K |
| 5 |
DekaBank Deutsche Girozentrale
Frankfurt,
Germany
|
-$123K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
U
51
UBS
Zurich,
Switzerland
| $12K | +$9.39K | +469 | +411% |
|
52
Bank of America
Charlotte,
North Carolina
| $11K | -$4.08K | -204 | -28% |
|
53
AllianceBernstein
Nashville,
Tennessee
| $11K | -$2.08K | -104 | -17% |
|
|
GC
54
Globeflex Capital
San Diego,
California
| $3K | +$3.08K | +154 | New |
|
|
HF
55
Hoxton Financial
Shepherdstown,
West Virginia
| $2K | – | – | – |
|
56
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $158 | -$2.54K | -127 | -2% |
|
|
57
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$1.37M | -76,278 | Closed |
|
|
58
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$317K | -17,619 | Closed |
|
|
59
DekaBank Deutsche Girozentrale
Frankfurt,
Germany
| – | -$123K | -6,844 | Closed |
|
|
MAA
60
Managed Account Advisors
Jersey City,
New Jersey
| – | -$114K | -6,366 | Closed |
|
|
CBOA
61
Commonwealth Bank of Australia
Sydney, NSW,
Australia
| – | -$44K | -2,436 | Closed |
|
MBWM Hedge Fund Activity: Q3 2013 in Review
56 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2013, worth a combined $89.9M — up 25% from $71.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MBWM and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 29 added.
The largest buyer was Wellington Management Group, adding an estimated $2.66M. The largest seller was Fuller & Thaler Asset Management, exiting entirely with an estimated $1.37M sold.
- 56 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2013, down from 58 in Q2 2013.
- Funds reported $89.9M of Mercantile Bank Corp stock for Q3 2013, up 25% quarter-over-quarter.
- 4 funds opened new Mercantile Bank Corp positions in Q3 2013 and 6 closed out, a net change of -2 holders.
- The largest Mercantile Bank Corp buyer in Q3 2013 was Wellington Management Group, an estimated $2.66M added.
- The largest Mercantile Bank Corp seller in Q3 2013 was Fuller & Thaler Asset Management, an estimated $1.37M sold.
Based on aggregated 13F filings for Q3 2013.