Mercantile Bank Corp
MBWM
106 hedge funds and large institutions have $309M invested in Mercantile Bank Corp in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 40 increasing their positions, 32 reducing their positions, and 7 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 32
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
1.01% more ownership
Funds ownership: 54.68% → 55.69% (+1%)
1% more funds holding
Funds holding: 105 → 106 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less capital invested
Capital invested by funds: $335M → $309M (-$26.6M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $714K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.28M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$2.74M |
| 3 |
BlackRock
New York
|
+$2.02M |
| 4 |
Morgan Stanley
New York
|
+$1.37M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.58M |
| 2 |
Millennium Management
New York
|
-$2.98M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.58M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$711K |
| 5 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$684K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
101
Ladenburg Thalmann Financial Services
Miami,
Florida
| $16K | +$642 | +18 | +4% |
|
|
DBT
102
Dubuque Bank & Trust
Dubuque,
Iowa
| $8K | -$145K | -4,063 | -95% |
|
|
IA
103
IFP Advisors
Tampa,
Florida
| $8K | +$36 | +1 | +0.4% |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| $5K | +$5.06K | +142 | New |
|
|
DA
105
Denali Advisors
San Diego,
California
| $1K | – | – | – |
|
|
WI
106
WBI Investments
Red Bank,
New Jersey
| – | -$684K | -18,513 | Closed |
|
|
EIM
107
Essex Investment Management
Boston,
Massachusetts
| – | -$354K | -9,580 | Closed |
|
108
Balyasny Asset Management
Chicago,
Illinois
| – | -$291K | -7,873 | Closed |
|
109
Wolverine Trading
Chicago,
Illinois
| – | -$241K | -7,249 | Closed |
|
|
LC
110
Landaas & Company
Milwaukee,
Wisconsin
| – | -$14K | -373 | Closed |
|
|
MBT
111
Monroe Bank & Trust
Monroe,
Michigan
| – | -$11K | -300 | Closed |
|
|
PIA
112
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$10K | -282 | Closed |
|
MBWM Hedge Fund Activity: Q3 2018 in Review
106 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2018, worth a combined $309M — down 7.9% from $335M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MBWM positions and 7 closed out — a net gain of 1 holder — while 40 added to existing stakes and 32 trimmed.
The largest buyer was Bank of America, adding an estimated $3.28M. The largest seller was Wellington Management Group, cutting an estimated $3.58M.
- 106 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2018, up from 105 in Q2 2018.
- Funds reported $309M of Mercantile Bank Corp stock for Q3 2018, down 7.9% quarter-over-quarter.
- 8 funds opened new Mercantile Bank Corp positions in Q3 2018 and 7 closed out, a net change of +1 holder.
- The largest Mercantile Bank Corp buyer in Q3 2018 was Bank of America, an estimated $3.28M added.
- The largest Mercantile Bank Corp seller in Q3 2018 was Wellington Management Group, an estimated $3.58M sold.
Based on aggregated 13F filings for Q3 2018.