Mercantile Bank Corp
MBWM
75 hedge funds and large institutions have $148M invested in Mercantile Bank Corp in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 27 increasing their positions, 21 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
29% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 21
14% more funds holding
Funds holding: 66 → 75 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $153M → $148M (-$5.18M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$2.7M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.48M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.41M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.31M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$5.37M |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$3.11M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.61M |
| 4 |
Two Sigma Investments
New York
|
-$1.03M |
| 5 |
Two Sigma Advisers
New York
|
-$397K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCA
76
Stieven Capital Advisors
St. Louis,
Missouri
| – | -$5.37M | -250,774 | Closed |
|
|
EPCA
77
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
| – | -$3.11M | -145,486 | Closed |
|
|
78
Two Sigma Investments
New York
| – | -$1.03M | -48,282 | Closed |
|
|
BIG
79
Blackthorn Investment Group
Overland Park,
Kansas
| – | -$217K | -10,150 | Closed |
|
|
JG
80
Jefferies Group
New York
| – | -$7K | -349 | Closed |
|
MBWM Hedge Fund Activity: Q3 2015 in Review
75 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2015, worth a combined $148M — down 3.4% from $153M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new MBWM positions and 5 closed out — a net gain of 9 holders — while 27 added to existing stakes and 21 trimmed.
The largest buyer was Maltese Capital Management, opening a new position worth an estimated $2.7M. The largest seller was Stieven Capital Advisors, exiting entirely with an estimated $5.37M sold.
- 75 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2015, up from 66 in Q2 2015.
- Funds reported $148M of Mercantile Bank Corp stock for Q3 2015, down 3.4% quarter-over-quarter.
- 14 funds opened new Mercantile Bank Corp positions in Q3 2015 and 5 closed out, a net change of +9 holders.
- The largest Mercantile Bank Corp buyer in Q3 2015 was Maltese Capital Management, an estimated $2.7M added.
- The largest Mercantile Bank Corp seller in Q3 2015 was Stieven Capital Advisors, an estimated $5.37M sold.
Based on aggregated 13F filings for Q3 2015.