Mercantile Bank Corp
MBWM
129 hedge funds and large institutions have $283M invested in Mercantile Bank Corp in 2022 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 45 increasing their positions, 40 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
13% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 40
6% more funds holding
Funds holding: 122 → 129 (+7)
1.1% more ownership
Funds ownership: 54.83% → 55.93% (+1.1%)
8% less capital invested
Capital invested by funds: $308M → $283M (-$24.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
+$3.37M |
| 2 |
Morgan Stanley
New York
|
+$3.03M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$954K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$823K |
| 5 |
JA
JVL Associates
Wyoming,
Michigan
|
+$812K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$1.08M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$422K |
| 3 |
Renaissance Technologies
New York
|
-$382K |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$377K |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$358K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CM
126
Cornerstone Management
Duluth,
Georgia
| $1.27K | +$32 | +1 | +3% |
|
|
MCM
127
Manchester Capital Management
Manchester,
Vermont
| $1K | +$1.2K | +37 | New |
|
|
QC
128
Quadrature Capital
London,
United Kingdom
| – | -$422K | -11,918 | Closed |
|
|
JF
129
Jump Financial
Chicago,
Illinois
| – | -$283K | -7,955 | Closed |
|
130
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$210K | -5,929 | Closed |
|
|
WDL
131
Well Done LLC
Holland,
Michigan
| – | -$205K | -5,796 | Closed |
|
|
SP
132
SWS Partners
Columbus,
Ohio
| – | -$43K | -1,200 | Closed |
|
|
CAM
133
ClariVest Asset Management
San Diego,
California
| – | -$10K | -292 | Closed |
|
|
PA
134
Parallel Advisors
San Francisco,
California
| – | -$2.46K | -76 | -93% |
|
MBWM Hedge Fund Activity: Q2 2022 in Review
129 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q2 2022, worth a combined $283M — down 8% from $308M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MBWM positions and 6 closed out — a net gain of 11 holders — while 45 added to existing stakes and 40 trimmed.
The largest buyer was Rhino Investment Partners, opening a new position worth an estimated $3.37M. The largest seller was State Street, cutting an estimated $1.08M.
- 129 institutional investors held Mercantile Bank Corp (MBWM) as of Q2 2022, up from 122 in Q1 2022.
- Funds reported $283M of Mercantile Bank Corp stock for Q2 2022, down 8% quarter-over-quarter.
- 17 funds opened new Mercantile Bank Corp positions in Q2 2022 and 6 closed out, a net change of +11 holders.
- The largest Mercantile Bank Corp buyer in Q2 2022 was Rhino Investment Partners, an estimated $3.37M added.
- The largest Mercantile Bank Corp seller in Q2 2022 was State Street, an estimated $1.08M sold.
Based on aggregated 13F filings for Q2 2022.