Mercantile Bank Corp
MBWM
104 hedge funds and large institutions have $244M invested in Mercantile Bank Corp in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 35 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
56% more capital invested
Capital invested by funds: $156M → $244M (+$87.8M)
9% more funds holding
Funds holding: 95 → 104 (+9)
1.88% more ownership
Funds ownership: 53.53% → 55.41% (+1.9%)
17% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$3.14M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.01M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$1.66M |
| 4 |
BlackRock
New York
|
+$1.41M |
| 5 |
JP Morgan Chase
New York
|
+$724K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.95M |
| 2 |
Renaissance Technologies
New York
|
-$840K |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$654K |
| 4 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
-$587K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$571K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFSCE
101
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| $1K | +$669 | +28 | New |
|
|
OSAM
102
O'Shaughnessy Asset Management
Stamford,
Connecticut
| $1K | +$716 | +30 | New |
|
|
AIG
103
American International Group
New York
| $250 | -$6.28K | -263 | -3% |
|
|
NPF
104
Norris Perne & French
Grand Rapids,
Michigan
| – | -$445K | -24,712 | Closed |
|
|
TI
105
Trexquant Investment
Stamford,
Connecticut
| – | -$345K | -19,171 | Closed |
|
106
Millennium Management
New York
| – | -$259 | -14,378 | Closed |
|
|
WG
107
Winton Group
London,
United Kingdom
| – | -$217K | -12,061 | Closed |
|
|
PMFA
108
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$35K | -1,935 | Closed |
|
|
AA
109
Advisory Alpha
Holland,
Michigan
| – | -$7K | -356 | Closed |
|
|
CCM
110
Chiron Capital Management
Tallahassee,
Florida
| – | -$5K | -300 | Closed |
|
|
GT
111
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$2K | -112 | Closed |
|
MBWM Hedge Fund Activity: Q4 2020 in Review
104 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2020, worth a combined $244M — up 56% from $156M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MBWM positions and 8 closed out — a net gain of 9 holders — while 29 added to existing stakes and 35 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $3.14M. The largest seller was Royal Bank of Canada, cutting an estimated $1.95M.
- 104 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2020, up from 95 in Q3 2020.
- Funds reported $244M of Mercantile Bank Corp stock for Q4 2020, up 56% quarter-over-quarter.
- 17 funds opened new Mercantile Bank Corp positions in Q4 2020 and 8 closed out, a net change of +9 holders.
- The largest Mercantile Bank Corp buyer in Q4 2020 was Hotchkis & Wiley Capital Management, an estimated $3.14M added.
- The largest Mercantile Bank Corp seller in Q4 2020 was Royal Bank of Canada, an estimated $1.95M sold.
Based on aggregated 13F filings for Q4 2020.