Mercantile Bank Corp
MBWM
91 hedge funds and large institutions have $300M invested in Mercantile Bank Corp in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 32 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
9% more capital invested
Capital invested by funds: $274M → $300M (+$25.7M)
2% more funds holding
Funds holding: 89 → 91 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.74% less ownership
Funds ownership: 52.88% → 52.14% (-0.74%)
6% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.08M |
| 2 |
BlackRock
New York
|
+$1.58M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$1.46M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$1.21M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$910K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$3.89M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.86M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.56M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.17M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.04M |
MBWM Hedge Fund Activity: Q3 2017 in Review
91 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2017, worth a combined $300M — up 9.4% from $274M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MBWM positions and 4 closed out — a net gain of 3 holders — while 30 added to existing stakes and 32 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $2.08M. The largest seller was PNC Financial Services Group, cutting an estimated $3.89M.
- 91 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2017, up from 89 in Q2 2017.
- Funds reported $300M of Mercantile Bank Corp stock for Q3 2017, up 9.4% quarter-over-quarter.
- 7 funds opened new Mercantile Bank Corp positions in Q3 2017 and 4 closed out, a net change of +3 holders.
- The largest Mercantile Bank Corp buyer in Q3 2017 was Wellington Management Group, an estimated $2.08M added.
- The largest Mercantile Bank Corp seller in Q3 2017 was PNC Financial Services Group, an estimated $3.89M sold.
Based on aggregated 13F filings for Q3 2017.