Mercantile Bank Corp
MBWM
141 hedge funds and large institutions have $386M invested in Mercantile Bank Corp in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 50 increasing their positions, 42 reducing their positions, and 12 closing their positions.
4,990% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $20K
75% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 12
36% more capital invested
Capital invested by funds: $283M → $386M (+$103M)
19% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 42
6% more funds holding
Funds holding: 133 → 141 (+8)
2.4% more ownership
Funds ownership: 57.21% → 59.61% (+2.4%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$4.58M |
| 2 |
Morgan Stanley
New York
|
+$4.26M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$1.61M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$1.21M |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
+$901K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$875K |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$756K |
| 3 |
II
Inspire Investing
Meridian,
Idaho
|
-$623K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$565K |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$553K |
MBWM Hedge Fund Activity: Q4 2023 in Review
141 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2023, worth a combined $386M — up 36% from $283M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new MBWM positions and 12 closed out — a net gain of 9 holders — while 50 added to existing stakes and 42 trimmed.
The largest buyer was BlackRock, adding an estimated $4.58M. The largest seller was Stieven Capital Advisors, cutting an estimated $875K.
- 141 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2023, up from 133 in Q3 2023.
- Funds reported $386M of Mercantile Bank Corp stock for Q4 2023, up 36% quarter-over-quarter.
- 21 funds opened new Mercantile Bank Corp positions in Q4 2023 and 12 closed out, a net change of +9 holders.
- The largest Mercantile Bank Corp buyer in Q4 2023 was BlackRock, an estimated $4.58M added.
- The largest Mercantile Bank Corp seller in Q4 2023 was Stieven Capital Advisors, an estimated $875K sold.
Based on aggregated 13F filings for Q4 2023.