Mercantile Bank Corp
MBWM
95 hedge funds and large institutions have $296M invested in Mercantile Bank Corp in 2017 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 25 increasing their positions, 31 reducing their positions, and 11 closing their positions.
82% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 11
4% more funds holding
Funds holding: 91 → 95 (+4)
2.62% more ownership
Funds ownership: 49.69% → 52.31% (+2.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $305M → $296M (-$9.66M)
19% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$28.4M |
| 2 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$8.9M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.61M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.11M |
| 5 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$3.2M |
| 2 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
-$1.66M |
| 3 |
Morgan Stanley
New York
|
-$1.57M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.16M |
| 5 |
JP Morgan Chase
New York
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$303K | -8,025 | Closed |
|
102
Squarepoint
New York
| – | -$207K | -5,487 | Closed |
|
|
WDL
103
Well Done LLC
Holland,
Michigan
| – | -$206K | -5,476 | Closed |
|
|
WB
104
WesBanco Bank
Wheeling,
West Virginia
| – | -$202K | -5,355 | Closed |
|
|
PCM
105
Prelude Capital Management
New York
| – | -$64K | -1,700 | Closed |
|
|
TRCT
106
Tower Research Capital (TRC)
New York
| – | -$10K | -260 | Closed |
|
MBWM Hedge Fund Activity: Q1 2017 in Review
95 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2017, worth a combined $296M — down 3.2% from $305M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new MBWM positions and 11 closed out — a net gain of 9 holders — while 25 added to existing stakes and 31 trimmed.
The largest buyer was BlackRock, adding an estimated $28.4M. The largest seller was Castine Capital Management, exiting entirely with an estimated $3.2M sold.
- 95 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2017, up from 91 in Q4 2016.
- Funds reported $296M of Mercantile Bank Corp stock for Q1 2017, down 3.2% quarter-over-quarter.
- 20 funds opened new Mercantile Bank Corp positions in Q1 2017 and 11 closed out, a net change of +9 holders.
- The largest Mercantile Bank Corp buyer in Q1 2017 was BlackRock, an estimated $28.4M added.
- The largest Mercantile Bank Corp seller in Q1 2017 was Castine Capital Management, an estimated $3.2M sold.
Based on aggregated 13F filings for Q1 2017.