Mercantile Bank Corp
MBWM
116 hedge funds and large institutions have $288M invested in Mercantile Bank Corp in 2021 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 40 reducing their positions, and 5 closing their positions.
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
18% more capital invested
Capital invested by funds: $244M → $288M (+$43.9M)
12% more funds holding
Funds holding: 104 → 116 (+12)
0.81% less ownership
Funds ownership: 55.41% → 54.6% (-0.81%)
25% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 40
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $996K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.27M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$820K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$659K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$608K |
| 5 |
HF
HRT Financial
New York
|
+$587K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
-$2.78M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.74M |
| 3 |
Renaissance Technologies
New York
|
-$1.56M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$1.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$988K |
MBWM Hedge Fund Activity: Q1 2021 in Review
116 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2021, worth a combined $288M — up 18% from $244M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MBWM positions and 5 closed out — a net gain of 12 holders — while 30 added to existing stakes and 40 trimmed.
The largest buyer was BlackRock, adding an estimated $3.27M. The largest seller was Tributary Capital Management, cutting an estimated $2.78M.
- 116 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2021, up from 104 in Q4 2020.
- Funds reported $288M of Mercantile Bank Corp stock for Q1 2021, up 18% quarter-over-quarter.
- 17 funds opened new Mercantile Bank Corp positions in Q1 2021 and 5 closed out, a net change of +12 holders.
- The largest Mercantile Bank Corp buyer in Q1 2021 was BlackRock, an estimated $3.27M added.
- The largest Mercantile Bank Corp seller in Q1 2021 was Tributary Capital Management, an estimated $2.78M sold.
Based on aggregated 13F filings for Q1 2021.