Mercantile Bank Corp
MBWM
101 hedge funds and large institutions have $200M invested in Mercantile Bank Corp in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 33 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
6% more capital invested
Capital invested by funds: $189M → $200M (+$11.3M)
3% more funds holding
Funds holding: 98 → 101 (+3)
6% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 33
0.02% more ownership
Funds ownership: 54.54% → 54.56% (+0.02%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$1.38M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$816K |
| 3 |
JA
JVL Associates
Wyoming,
Michigan
|
+$620K |
| 4 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$608K |
| 5 |
MSL
Mackay Shields LLC
New York
|
+$500K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.41M |
| 2 |
Renaissance Technologies
New York
|
-$1.46M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$1.22M |
| 4 |
Goldman Sachs
New York
|
-$885K |
| 5 |
MCM
Matarin Capital Management
New York
|
-$510K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIMCA
101
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
| – | -$246K | -11,600 | Closed |
|
|
MAM
102
Martingale Asset Management
Boston,
Massachusetts
| – | -$231K | -10,900 | Closed |
|
103
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$106K | -5,000 | Closed |
|
|
AIC
104
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$51K | -2,656 | Closed |
|
|
MAM
105
Meeder Asset Management
Dublin,
Ohio
| – | -$22K | -1,037 | Closed |
|
106
Lazard Asset Management
New York
| – | -$19K | -907 | Closed |
|
|
AA
107
Advisory Alpha
Holland,
Michigan
| – | -$7.78K | -356 | Closed |
|
|
SF
108
Synovus Financial
Columbus,
Georgia
| – | -$5K | -234 | Closed |
|
|
ABC
109
Associated Banc-Corp
Green Bay,
Wisconsin
| – | -$2K | -73 | Closed |
|
|
PFO
110
Pathstone Family Office
Englewood,
New Jersey
| – | +$440 | +20 | New |
|
MBWM Hedge Fund Activity: Q2 2020 in Review
101 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q2 2020, worth a combined $200M — up 6% from $189M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new MBWM positions and 10 closed out — a net gain of 3 holders — while 35 added to existing stakes and 33 trimmed.
The largest buyer was Northern Trust, adding an estimated $1.38M. The largest seller was Banc Funds Company, cutting an estimated $2.41M.
- 101 institutional investors held Mercantile Bank Corp (MBWM) as of Q2 2020, up from 98 in Q1 2020.
- Funds reported $200M of Mercantile Bank Corp stock for Q2 2020, up 6% quarter-over-quarter.
- 13 funds opened new Mercantile Bank Corp positions in Q2 2020 and 10 closed out, a net change of +3 holders.
- The largest Mercantile Bank Corp buyer in Q2 2020 was Northern Trust, an estimated $1.38M added.
- The largest Mercantile Bank Corp seller in Q2 2020 was Banc Funds Company, an estimated $2.41M sold.
Based on aggregated 13F filings for Q2 2020.