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Mercantile Bank Corp

154 hedge funds and large institutions have $372M invested in Mercantile Bank Corp in 2024 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 49 increasing their positions, 55 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,074% more call options, than puts

Call options by funds: $446K | Put options by funds: $38K

118% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 11

9% more funds holding

Funds holding: 141154 (+13)

0.4% more ownership

Funds ownership: 59.61%60% (+0.4%)

4% less capital invested

Capital invested by funds: $386M → $372M (-$13.5M)

11% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 55

Holders
154
Holders Change
+13
Holders Change %
+9.22%
% of All Funds
2.22%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
24
Increased
49
Reduced
55
Closed
11
Calls
$446K
Puts
$38K
Net Calls
+$408K
Net Calls Change
-$590K
Name Holding Trade Value Shares
Change
Change in
Stake
CAM
51
ClariVest Asset Management
California
$903K +$6.37K +167 +0.7%
FPAS
52
Focus Partners Advisor Solutions
Missouri
$883K +$396K +10,392 +83%
Cerity Partners
53
Cerity Partners
New York
$873K +$865K +22,691 New
Two Sigma Advisers
54
Two Sigma Advisers
New York
$831K -$175K -4,600 -18%
Jacobs Levy Equity Management
55
Jacobs Levy Equity Management
New Jersey
$822K -$6.25K -164 -0.8%
Baird Financial Group
56
Baird Financial Group
Wisconsin
$803K +$3.81K +100 +0.5%
RHAM
57
Round Hill Asset Management
California
$778K
Russell Investments Group
58
Russell Investments Group
United Kingdom
$750K +$247K +6,467 +50%
UBS Group
59
UBS Group
Switzerland
$726K -$152K -3,976 -17%
WCM
60
Wedge Capital Management
North Carolina
$682K +$183K +4,803 +37%
Victory Capital Management
61
Victory Capital Management
Texas
$676K -$28.6K -750 -4%
DA
62
Denali Advisors
California
$654K +$362K +9,500 +127%
SWM
63
Shakespeare Wealth Management
Wisconsin
$648K -$112K -2,944 -15%
Rafferty Asset Management
64
Rafferty Asset Management
New York
$635K +$332K +8,714 +112%
California State Teachers Retirement System (CalSTRS)
65
California State Teachers Retirement System (CalSTRS)
California
$615K -$32.1K -841 -5%
AllianceBernstein
66
AllianceBernstein
Tennessee
$587K +$170K +4,470 +42%
Citigroup
67
Citigroup
New York
$587K +$307K +8,051 +112%
CS
68
Credit Suisse
Switzerland
$546K +$29.9K +783 +6%
UBS AM
69
UBS AM
Illinois
$538K
Legal & General Group
70
Legal & General Group
United Kingdom
$535K
Connor, Clark & Lunn Investment Management (CC&L)
71
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$532K +$310K +8,137 +143%
RIA
72
Regal Investment Advisors
Michigan
$520K
Man Group
73
Man Group
United Kingdom
$503K +$498K +13,058 New
SO
74
STRS Ohio
Ohio
$477K -$30.5K -800 -6%
Creative Planning
75
Creative Planning
Kansas
$459K +$104K +2,723 +30%

MBWM Hedge Fund Activity: Q1 2024 in Review

154 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2024, worth a combined $372M — down 3.5% from $386M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new MBWM positions and 11 closed out — a net gain of 13 holders — while 49 added to existing stakes and 55 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $4.53M. The largest seller was Morgan Stanley, cutting an estimated $4.93M.

  • 154 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2024, up from 141 in Q4 2023.
  • Funds reported $372M of Mercantile Bank Corp stock for Q1 2024, down 3.5% quarter-over-quarter.
  • 24 funds opened new Mercantile Bank Corp positions in Q1 2024 and 11 closed out, a net change of +13 holders.
  • The largest Mercantile Bank Corp buyer in Q1 2024 was Allianz Asset Management, an estimated $4.53M added.
  • The largest Mercantile Bank Corp seller in Q1 2024 was Morgan Stanley, an estimated $4.93M sold.

Based on aggregated 13F filings for Q1 2024.