Mercantile Bank Corp
MBWM
98 hedge funds and large institutions have $189M invested in Mercantile Bank Corp in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 43 increasing their positions, 30 reducing their positions, and 18 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 30
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.55% less ownership
Funds ownership: 56.09% → 54.54% (-1.5%)
13% less funds holding
Funds holding: 113 → 98 (-15)
44% less capital invested
Capital invested by funds: $334M → $189M (-$146M)
72% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$1.3M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$860K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$657K |
| 4 |
Goldman Sachs
New York
|
+$636K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$428K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.8M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.88M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.8M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$1.36M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$934K |
MBWM Hedge Fund Activity: Q1 2020 in Review
98 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2020, worth a combined $189M — down 44% from $334M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of MBWM and 5 opened new positions — a net loss of 13 holders — while 30 trimmed existing stakes and 43 added.
The largest buyer was Victory Capital Management, adding an estimated $1.3M. The largest seller was Banc Funds Company, cutting an estimated $2.8M.
- 98 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2020, down from 113 in Q4 2019.
- Funds reported $189M of Mercantile Bank Corp stock for Q1 2020, down 44% quarter-over-quarter.
- 5 funds opened new Mercantile Bank Corp positions in Q1 2020 and 18 closed out, a net change of -13 holders.
- The largest Mercantile Bank Corp buyer in Q1 2020 was Victory Capital Management, an estimated $1.3M added.
- The largest Mercantile Bank Corp seller in Q1 2020 was Banc Funds Company, an estimated $2.8M sold.
Based on aggregated 13F filings for Q1 2020.