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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$1.97M |
| 2 |
SWM
Shakespeare Wealth Management
Pewaukee,
Wisconsin
|
+$541K |
| 3 |
NPF
Norris Perne & French
Grand Rapids,
Michigan
|
+$518K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$473K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$451K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.12M |
| 2 |
BlackRock
New York
|
-$880K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$637K |
| 4 |
RHCA
Rosenthal Henry Capital Advisors
Mishawaka,
Indiana
|
-$524K |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$513K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Bessemer Group
Woodbridge,
New Jersey
| – | -$72K | -3,200 | Closed |
|
102
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
| – | -$51K | -2,259 | Closed |
|
|
RA
103
Royce & Associates
New York
| – | -$41K | -1,794 | Closed |
|
|
PAG
104
Private Advisor Group
Morristown,
New Jersey
| – | -$12K | -515 | Closed |
|
|
QI
105
QS Investors
New York
| – | -$7K | -300 | Closed |
|
|
TI
106
tru Independence
Portland,
Oregon
| – | -$7 | -300 | Closed |
|
|
LC
107
Lindbrook Capital
Calabasas,
California
| – | -$3K | -123 | Closed |
|
|
PFO
108
Pathstone Family Office
Englewood,
New Jersey
| – | -$210 | -10 | -50% |
|
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.