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Mercantile Bank Corp
MBWM

95 hedge funds and large institutions have $156M invested in Mercantile Bank Corp in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 35 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.03% less ownership

Funds ownership: 54.56% → 53.53% (-1%)

6% less funds holding

Funds holding: 101 → 95 (-6)

22% less capital invested

Capital invested by funds: $200M → $156M (-$43.5M)

31% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 35

46% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 13

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $330K

Holders
95
Holders Change
-6
Holders Change %
-5.94%
% of All Funds
1.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
24
Reduced
35
Closed
13
Calls
–
Puts
$330K
Net Calls
-$330K
Net Calls Change
-$330K

Top Buyers

Rank Fund Capital Flow
1
TCM
Tributary Capital Management
Nebraska
+$1.97M
2
SWM
Shakespeare Wealth Management
Wisconsin
+$541K
3
NPF
Norris Perne & French
Michigan
+$518K
4
Osaic Holdings
Osaic Holdings
Arizona
+$473K
5
Citadel Advisors
Citadel Advisors
Florida
+$451K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$2.12M
2
BlackRock
BlackRock
New York
-$880K
3
First Trust Advisors
First Trust Advisors
Illinois
-$637K
4
RHCA
Rosenthal Henry Capital Advisors
Indiana
-$524K
5
MSL
Mackay Shields LLC
New York
-$513K
Name Holding Trade Value Shares
Change 		Change in
Stake
AIP
76
Ameritas Investment Partners
Nebraska
$26K – – –
Zurich Cantonal Bank
77
Zurich Cantonal Bank
Switzerland
$25K – – –
Canada Life
78
Canada Life
Manitoba, Canada
$19K -$4.7K -224 -17%
Citigroup
79
Citigroup
New York
$17K -$149K -7,094 -89%
FHA
80
First Horizon Advisors
Tennessee
$12K – – –
HNB
81
Huntington National Bank
Ohio
$9K – – –
PCG
82
Private Capital Group
Connecticut
$9K +$461 +22 +4%
CAM
83
ClariVest Asset Management
California
$8K – – –
Macquarie Group
84
Macquarie Group
Australia
$8K – – –
AA
85
Advisory Alpha
Michigan
$7K +$7.46K +356 New
Fidelity Investments
86
Fidelity Investments
Massachusetts
$6K – – –
CCM
87
Chiron Capital Management
Florida
$5K +$6.29K +300 New
IA
88
IFP Advisors
Florida
$4K – – –
LWM
89
Liberty Wealth Management
California
$3K +$42 +2 +1%
GT
90
Glenmede Trust
Pennsylvania
$2K – – –
S
91
SignatureFD
Georgia
$2K – – –
PA
92
Parallel Advisors
California
$1K – – –
QCG
93
Quadrant Capital Group
Ohio
$1K – – –
Millennium Management
94
Millennium Management
New York
$259 +$37.9K +1,810 +14%
MSL
95
Mackay Shields LLC
New York
– -$513K -22,700 Closed
AG
96
Aperio Group
California
– -$365K -16,170 Closed
Grantham, Mayo, Van Otterloo & Co (GMO)
97
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
– -$224K -9,900 Closed
ECM
98
ExodusPoint Capital Management
New York
– -$200K -8,864 Closed
SG Americas Securities
99
SG Americas Securities
New York
– -$194K -8,571 Closed
BGIM
100
Brandywine Global Investment Management
Pennsylvania
– -$97K -4,287 Closed
1 2 3
4
5

MBWM Hedge Fund Activity: Q3 2020 in Review

95 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2020, worth a combined $156M — down 22% from $200M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of MBWM and 7 opened new positions — a net loss of 6 holders — while 35 trimmed existing stakes and 24 added.

The largest buyer was Tributary Capital Management, adding an estimated $1.97M. The largest seller was Banc Funds Company, cutting an estimated $2.12M.

  • 95 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2020, down from 101 in Q2 2020.
  • Funds reported $156M of Mercantile Bank Corp stock for Q3 2020, down 22% quarter-over-quarter.
  • 7 funds opened new Mercantile Bank Corp positions in Q3 2020 and 13 closed out, a net change of -6 holders.
  • The largest Mercantile Bank Corp buyer in Q3 2020 was Tributary Capital Management, an estimated $1.97M added.
  • The largest Mercantile Bank Corp seller in Q3 2020 was Banc Funds Company, an estimated $2.12M sold.

Based on aggregated 13F filings for Q3 2020.