Mercantile Bank Corp
MBWM
91 hedge funds and large institutions have $305M invested in Mercantile Bank Corp in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 31 increasing their positions, 32 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
49.69% more ownership
Funds ownership: 0% → 49.69% (+50%)
47% more capital invested
Capital invested by funds: $207M → $305M (+$98M)
10% more funds holding
Funds holding: 83 → 91 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.64M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$1.31M |
| 3 |
JP Morgan Chase
New York
|
+$1.28M |
| 4 |
Morgan Stanley
New York
|
+$1.27M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$2.74M |
| 2 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$1.79M |
| 3 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
-$935K |
| 4 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
-$743K |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$730K |
MBWM Hedge Fund Activity: Q4 2016 in Review
91 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2016, worth a combined $305M — up 47% from $207M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new MBWM positions and 5 closed out — a net gain of 9 holders — while 31 added to existing stakes and 32 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $2.64M. The largest seller was Castine Capital Management, cutting an estimated $2.74M.
- 91 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2016, up from 83 in Q3 2016.
- Funds reported $305M of Mercantile Bank Corp stock for Q4 2016, up 47% quarter-over-quarter.
- 14 funds opened new Mercantile Bank Corp positions in Q4 2016 and 5 closed out, a net change of +9 holders.
- The largest Mercantile Bank Corp buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $2.64M added.
- The largest Mercantile Bank Corp seller in Q4 2016 was Castine Capital Management, an estimated $2.74M sold.
Based on aggregated 13F filings for Q4 2016.