Mercantile Bank Corp
MBWM
124 hedge funds and large institutions have $262M invested in Mercantile Bank Corp in 2022 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 42 increasing their positions, 44 reducing their positions, and 13 closing their positions.
0.42% less ownership
Funds ownership: 55.93% → 55.5% (-0.42%)
5% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 44
4% less funds holding
Funds holding: 129 → 124 (-5)
8% less capital invested
Capital invested by funds: $283M → $262M (-$21.5M)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$1.82M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.19M |
| 3 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$1.1M |
| 4 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
+$644K |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$458K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.45M |
| 2 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
-$1.31M |
| 3 |
Renaissance Technologies
New York
|
-$1.13M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.01M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$580K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Truist Financial
Charlotte,
North Carolina
| – | -$331K | -10,347 | Closed |
|
127
Principal Financial Group
Des Moines,
Iowa
| – | -$297K | -9,270 | Closed |
|
128
HSBC Holdings
London,
United Kingdom
| – | -$231K | -7,257 | Closed |
|
129
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$219K | -6,852 | Closed |
|
|
P
130
Pitcairn
Conshohocken,
Pennsylvania
| – | -$216K | -6,767 | Closed |
|
131
Prudential Financial
Newark,
New Jersey
| – | -$201K | -6,324 | Closed |
|
|
VVP
132
Venture Visionary Partners
Sylvania,
Ohio
| – | -$142K | -4,429 | Closed |
|
|
HNB
133
Huntington National Bank
Columbus,
Ohio
| – | -$16.7K | -500 | -100% |
|
|
JFGIW
134
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$4K | -128 | Closed |
|
|
CA
135
CoreCap Advisors
Southfield,
Michigan
| – | -$2K | -50 | Closed |
|
MBWM Hedge Fund Activity: Q3 2022 in Review
124 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2022, worth a combined $262M — down 7.6% from $283M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of MBWM and 11 opened new positions — a net loss of 2 holders — while 44 trimmed existing stakes and 42 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $1.82M. The largest seller was Morgan Stanley, cutting an estimated $1.45M.
- 124 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2022, down from 129 in Q2 2022.
- Funds reported $262M of Mercantile Bank Corp stock for Q3 2022, down 7.6% quarter-over-quarter.
- 11 funds opened new Mercantile Bank Corp positions in Q3 2022 and 13 closed out, a net change of -2 holders.
- The largest Mercantile Bank Corp buyer in Q3 2022 was Millennium Management, an estimated $1.82M added.
- The largest Mercantile Bank Corp seller in Q3 2022 was Morgan Stanley, an estimated $1.45M sold.
Based on aggregated 13F filings for Q3 2022.