Mercantile Bank Corp
MBWM
57 hedge funds and large institutions have $90.1M invested in Mercantile Bank Corp in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 7 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
1% less capital invested
Capital invested by funds: $90.9M → $90.1M (-$754K)
2% less funds holding
Funds holding: 58 → 57 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$2.03M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$920K |
| 3 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
+$492K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$419K |
| 5 |
BCM
Basswood Capital Management
New York
|
+$417K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FG
FSI Group
Cincinnati,
Ohio
|
-$720K |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$250K |
| 3 |
GMIM
General Motors Investment Management
New York
|
-$217K |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$189K |
| 5 |
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
|
-$165K |
MBWM Hedge Fund Activity: Q1 2014 in Review
57 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2014, worth a combined $90.1M — down 0.83% from $90.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MBWM and 6 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 20 added.
The largest buyer was Maltese Capital Management, adding an estimated $2.03M. The largest seller was FSI Group, cutting an estimated $720K.
- 57 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2014, down from 58 in Q4 2013.
- Funds reported $90.1M of Mercantile Bank Corp stock for Q1 2014, down 0.83% quarter-over-quarter.
- 6 funds opened new Mercantile Bank Corp positions in Q1 2014 and 7 closed out, a net change of -1 holder.
- The largest Mercantile Bank Corp buyer in Q1 2014 was Maltese Capital Management, an estimated $2.03M added.
- The largest Mercantile Bank Corp seller in Q1 2014 was FSI Group, an estimated $720K sold.
Based on aggregated 13F filings for Q1 2014.