Mercantile Bank Corp
MBWM
58 hedge funds and large institutions have $90.9M invested in Mercantile Bank Corp in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
4% more funds holding
Funds holding: 56 → 58 (+2)
1% more capital invested
Capital invested by funds: $89.9M → $90.9M (+$960K)
5% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.27M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$1.09M |
| 3 |
Renaissance Technologies
New York
|
+$567K |
| 4 |
Bank of New York Mellon
New York
|
+$370K |
| 5 |
Morgan Stanley
New York
|
+$314K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.13M |
| 2 |
FG
FSI Group
Cincinnati,
Ohio
|
-$369K |
| 3 |
Two Sigma Advisers
New York
|
-$221K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$202K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$139K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of America
Charlotte,
North Carolina
| $8K | -$2.94K | -137 | -26% |
|
|
DA
52
Denali Advisors
San Diego,
California
| $4K | +$3.86K | +180 | New |
|
|
GC
53
Globeflex Capital
San Diego,
California
| $3K | – | – | – |
|
|
HF
54
Hoxton Financial
Shepherdstown,
West Virginia
| $3K | +$880 | +41 | +47% |
|
55
BNP Paribas Financial Markets
Paris,
France
| $2.42K | +$2.4K | +112 | New |
|
|
U
56
UBS
Zurich,
Switzerland
| $2K | -$10.1K | -469 | -80% |
|
57
AllianceBernstein
Nashville,
Tennessee
| $2K | -$8.58K | -400 | -81% |
|
58
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $174 | +$17.5K | +816 | +11% |
|
|
59
Two Sigma Advisers
New York
| – | -$221K | -10,184 | Closed |
|
|
PMFA
60
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$16K | -749 | Closed |
|
61
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$14K | -658 | Closed |
|
62
Ameriprise
Minneapolis,
Minnesota
| – | -$12K | -543 | Closed |
|
MBWM Hedge Fund Activity: Q4 2013 in Review
58 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2013, worth a combined $90.9M — up 1.1% from $89.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MBWM positions and 4 closed out — a net gain of 2 holders — while 21 added to existing stakes and 22 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $1.27M. The largest seller was Banc Funds Company, cutting an estimated $1.13M.
- 58 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2013, up from 56 in Q3 2013.
- Funds reported $90.9M of Mercantile Bank Corp stock for Q4 2013, up 1.1% quarter-over-quarter.
- 6 funds opened new Mercantile Bank Corp positions in Q4 2013 and 4 closed out, a net change of +2 holders.
- The largest Mercantile Bank Corp buyer in Q4 2013 was Wellington Management Group, an estimated $1.27M added.
- The largest Mercantile Bank Corp seller in Q4 2013 was Banc Funds Company, an estimated $1.13M sold.
Based on aggregated 13F filings for Q4 2013.