Mercantile Bank Corp
MBWM
73 hedge funds and large institutions have $165M invested in Mercantile Bank Corp in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 28 increasing their positions, 26 reducing their positions, and 6 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 26
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 76 → 73 (-3)
8% less capital invested
Capital invested by funds: $179M → $165M (-$14M)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$1.09M |
| 2 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$713K |
| 3 |
LCM
LVM Capital Management
Portage,
Michigan
|
+$692K |
| 4 |
Renaissance Technologies
New York
|
+$590K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$481K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.31M |
| 2 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
-$324K |
| 3 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$222K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$190K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$179K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
76
Prelude Capital Management
New York
| – | -$81K | -3,314 | Closed |
|
77
BNP Paribas Financial Markets
Paris,
France
| – | -$78.2K | -3,186 | Closed |
|
78
UBS Group
Zurich,
Switzerland
| – | -$19K | -755 | Closed |
|
|
IA
79
IFP Advisors
Tampa,
Florida
| – | -$2K | -100 | Closed |
|
MBWM Hedge Fund Activity: Q1 2016 in Review
73 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2016, worth a combined $165M — down 7.8% from $179M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MBWM and 3 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 28 added.
The largest buyer was LSV Asset Management, adding an estimated $1.09M. The largest seller was Wellington Management Group, cutting an estimated $1.31M.
- 73 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2016, down from 76 in Q4 2015.
- Funds reported $165M of Mercantile Bank Corp stock for Q1 2016, down 7.8% quarter-over-quarter.
- 3 funds opened new Mercantile Bank Corp positions in Q1 2016 and 6 closed out, a net change of -3 holders.
- The largest Mercantile Bank Corp buyer in Q1 2016 was LSV Asset Management, an estimated $1.09M added.
- The largest Mercantile Bank Corp seller in Q1 2016 was Wellington Management Group, an estimated $1.31M sold.
Based on aggregated 13F filings for Q1 2016.