Mercantile Bank Corp
MBWM
117 hedge funds and large institutions have $250M invested in Mercantile Bank Corp in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 43 increasing their positions, 46 reducing their positions, and 17 closing their positions.
0.25% less ownership
Funds ownership: 56.84% → 56.59% (-0.25%)
7% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 46
9% less funds holding
Funds holding: 128 → 117 (-11)
10% less capital invested
Capital invested by funds: $278M → $250M (-$27.9M)
25% less call options, than puts
Call options by funds: $41K | Put options by funds: $55K
65% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.65M |
| 2 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$998K |
| 3 |
Charles Schwab
San Francisco,
California
|
+$839K |
| 4 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
+$722K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$560K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.8M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.11M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$816K |
| 4 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$585K |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$560K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Janus Henderson Group
London,
United Kingdom
| – | -$209K | -6,834 | Closed |
|
127
SG Americas Securities
New York
| – | -$178K | -5,832 | Closed |
|
|
AAS
128
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$75.5K | -2,656 | Closed |
|
|
QT
129
Quantbot Technologies
New York
| – | -$29.3K | -957 | Closed |
|
130
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$18K | -600 | Closed |
|
|
MCM
131
Manchester Capital Management
Manchester,
Vermont
| – | -$1.9K | -62 | Closed |
|
|
CM
132
Cornerstone Management
Duluth,
Georgia
| – | -$1.25K | -41 | Closed |
|
|
GWS
133
Glassman Wealth Services
Vienna,
Virginia
| – | -$183 | -6 | Closed |
|
MBWM Hedge Fund Activity: Q2 2023 in Review
117 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q2 2023, worth a combined $250M — down 10% from $278M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of MBWM and 6 opened new positions — a net loss of 11 holders — while 46 trimmed existing stakes and 43 added.
The largest buyer was BlackRock, adding an estimated $1.65M. The largest seller was Millennium Management, cutting an estimated $2.8M.
- 117 institutional investors held Mercantile Bank Corp (MBWM) as of Q2 2023, down from 128 in Q1 2023.
- Funds reported $250M of Mercantile Bank Corp stock for Q2 2023, down 10% quarter-over-quarter.
- 6 funds opened new Mercantile Bank Corp positions in Q2 2023 and 17 closed out, a net change of -11 holders.
- The largest Mercantile Bank Corp buyer in Q2 2023 was BlackRock, an estimated $1.65M added.
- The largest Mercantile Bank Corp seller in Q2 2023 was Millennium Management, an estimated $2.8M sold.
Based on aggregated 13F filings for Q2 2023.