Mercantile Bank Corp
MBWM
130 hedge funds and large institutions have $260M invested in Mercantile Bank Corp in 2022 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 46 increasing their positions, 41 reducing their positions, and 11 closing their positions.
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
12% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 41
5% more funds holding
Funds holding: 124 → 130 (+6)
1% more ownership
Funds ownership: 55.5% → 56.51% (+1%)
0% less capital invested
Capital invested by funds: $262M → $260M (-$1.12M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.02M |
| 2 |
Millennium Management
New York
|
+$1.96M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$1.23M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$1.15M |
| 5 |
JP Morgan Chase
New York
|
+$830K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.09M |
| 2 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
-$1.92M |
| 3 |
Renaissance Technologies
New York
|
-$1M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$826K |
| 5 |
JA
JVL Associates
Wyoming,
Michigan
|
-$459K |
MBWM Hedge Fund Activity: Q4 2022 in Review
130 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2022, worth a combined $260M — down 0.43% from $262M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new MBWM positions and 11 closed out — a net gain of 8 holders — while 46 added to existing stakes and 41 trimmed.
The largest buyer was BlackRock, adding an estimated $2.02M. The largest seller was Citadel Advisors, exiting entirely with an estimated $2.09M sold.
- 130 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2022, up from 124 in Q3 2022.
- Funds reported $260M of Mercantile Bank Corp stock for Q4 2022, down 0.43% quarter-over-quarter.
- 19 funds opened new Mercantile Bank Corp positions in Q4 2022 and 11 closed out, a net change of +8 holders.
- The largest Mercantile Bank Corp buyer in Q4 2022 was BlackRock, an estimated $2.02M added.
- The largest Mercantile Bank Corp seller in Q4 2022 was Citadel Advisors, an estimated $2.09M sold.
Based on aggregated 13F filings for Q4 2022.