Mercantile Bank Corp
MBWM
104 hedge funds and large institutions have $244M invested in Mercantile Bank Corp in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 35 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
56% more capital invested
Capital invested by funds: $156M → $244M (+$87.8M)
9% more funds holding
Funds holding: 95 → 104 (+9)
1.88% more ownership
Funds ownership: 53.53% → 55.41% (+1.9%)
17% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$3.14M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.01M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$1.66M |
| 4 |
BlackRock
New York
|
+$1.41M |
| 5 |
JP Morgan Chase
New York
|
+$724K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.95M |
| 2 |
Renaissance Technologies
New York
|
-$840K |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$654K |
| 4 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
-$587K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$571K |
MBWM Hedge Fund Activity: Q4 2020 in Review
104 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2020, worth a combined $244M — up 56% from $156M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MBWM positions and 8 closed out — a net gain of 9 holders — while 29 added to existing stakes and 35 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $3.14M. The largest seller was Royal Bank of Canada, cutting an estimated $1.95M.
- 104 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2020, up from 95 in Q3 2020.
- Funds reported $244M of Mercantile Bank Corp stock for Q4 2020, up 56% quarter-over-quarter.
- 17 funds opened new Mercantile Bank Corp positions in Q4 2020 and 8 closed out, a net change of +9 holders.
- The largest Mercantile Bank Corp buyer in Q4 2020 was Hotchkis & Wiley Capital Management, an estimated $3.14M added.
- The largest Mercantile Bank Corp seller in Q4 2020 was Royal Bank of Canada, an estimated $1.95M sold.
Based on aggregated 13F filings for Q4 2020.