Mercantile Bank Corp
MBWM
83 hedge funds and large institutions have $207M invested in Mercantile Bank Corp in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 35 increasing their positions, 25 reducing their positions, and 7 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 25
14% more capital invested
Capital invested by funds: $182M → $207M (+$25.3M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 87 → 83 (-4)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.79M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$1.95M |
| 3 |
HNB
Huntington National Bank
Columbus,
Ohio
|
+$830K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$800K |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$740K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.5M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$1.19M |
| 3 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
-$620K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$578K |
| 5 |
LCM
LVM Capital Management
Portage,
Michigan
|
-$536K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
BNP Paribas Financial Markets
Paris,
France
| $28.2K | +$11.5K | +445 | +73% |
|
77
Fifth Third Bancorp
Cincinnati,
Ohio
| $20K | – | – | – |
|
78
Barclays
London,
United Kingdom
| $11K | +$9.38K | +362 | +635% |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| $5K | -$1.17K | -45 | -18% |
|
80
Creative Planning
Overland Park,
Kansas
| $4K | – | – | – |
|
|
IA
81
IFP Advisors
Tampa,
Florida
| $3K | – | – | – |
|
|
LTFS
82
Ladenburg Thalmann Financial Services
Miami,
Florida
| $2K | -$78 | -3 | -5% |
|
|
TCIM
83
TIAA CREF Investment Management
New York
| $1.7K | -$113K | -4,358 | -6% |
|
|
CEP
84
Chicago Equity Partners
Chicago,
Illinois
| – | -$391K | -16,378 | Closed |
|
85
Arrowstreet Capital
Boston,
Massachusetts
| – | -$333K | -13,955 | Closed |
|
|
PNC
86
Park National Corp
Newark,
Ohio
| – | -$239K | -10,000 | Closed |
|
|
GI
87
Gradient Investments
Arden Hills,
Minnesota
| – | -$182K | -7,628 | Closed |
|
88
Axa
Paris,
France
| – | -$100K | -4,200 | Closed |
|
89
Teacher Retirement System of Texas
Austin,
Texas
| – | -$55K | -2,305 | Closed |
|
MBWM Hedge Fund Activity: Q3 2016 in Review
83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2016, worth a combined $207M — up 14% from $182M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MBWM and 4 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 35 added.
The largest buyer was Vanguard Group, adding an estimated $2.79M. The largest seller was Banc Funds Company, cutting an estimated $1.5M.
- 83 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2016, down from 87 in Q2 2016.
- Funds reported $207M of Mercantile Bank Corp stock for Q3 2016, up 14% quarter-over-quarter.
- 4 funds opened new Mercantile Bank Corp positions in Q3 2016 and 7 closed out, a net change of -3 holders.
- The largest Mercantile Bank Corp buyer in Q3 2016 was Vanguard Group, an estimated $2.79M added.
- The largest Mercantile Bank Corp seller in Q3 2016 was Banc Funds Company, an estimated $1.5M sold.
Based on aggregated 13F filings for Q3 2016.