Mercantile Bank Corp
MBWM
128 hedge funds and large institutions have $278M invested in Mercantile Bank Corp in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 50 increasing their positions, 37 reducing their positions, and 14 closing their positions.
900% more call options, than puts
Call options by funds: $30K | Put options by funds: $3K
35% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 37
7% more capital invested
Capital invested by funds: $260M → $278M (+$17.6M)
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
0.33% more ownership
Funds ownership: 56.51% → 56.84% (+0.33%)
2% less funds holding
Funds holding: 130 → 128 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$2.9M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$2.04M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$1.96M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$1.68M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$1.77M |
| 2 |
Renaissance Technologies
New York
|
-$1.52M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$1.15M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$912K |
| 5 |
BlackRock
New York
|
-$851K |
MBWM Hedge Fund Activity: Q1 2023 in Review
128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2023, worth a combined $278M — up 6.8% from $260M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new MBWM positions and 14 closed out — a net gain of 1 holder — while 50 added to existing stakes and 37 trimmed.
The largest buyer was Mercer Global Advisors, opening a new position worth an estimated $2.9M. The largest seller was Stieven Capital Advisors, cutting an estimated $1.77M.
- 128 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2023, down from 130 in Q4 2022.
- Funds reported $278M of Mercantile Bank Corp stock for Q1 2023, up 6.8% quarter-over-quarter.
- 15 funds opened new Mercantile Bank Corp positions in Q1 2023 and 14 closed out, a net change of +1 holder.
- The largest Mercantile Bank Corp buyer in Q1 2023 was Mercer Global Advisors, an estimated $2.9M added.
- The largest Mercantile Bank Corp seller in Q1 2023 was Stieven Capital Advisors, an estimated $1.77M sold.
Based on aggregated 13F filings for Q1 2023.