Mercantile Bank Corp
MBWM
133 hedge funds and large institutions have $283M invested in Mercantile Bank Corp in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 36 reducing their positions, and 6 closing their positions.
283% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 6
31% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 36
14% more funds holding
Funds holding: 117 → 133 (+16)
13% more capital invested
Capital invested by funds: $250M → $283M (+$33.2M)
0.63% more ownership
Funds ownership: 56.59% → 57.21% (+0.63%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
+$745K |
| 2 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$744K |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$705K |
| 4 |
II
Inspire Investing
Meridian,
Idaho
|
+$659K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$517K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$720K |
| 2 |
BlackRock
New York
|
-$625K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$614K |
| 4 |
State Street
Boston,
Massachusetts
|
-$444K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$429K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GA
126
GoalVest Advisory
New York
| $3.8K | +$556 | +17 | +16% |
|
|
PTC
127
Private Trust Company
Cleveland,
Ohio
| $3.43K | – | – | – |
|
|
ACM
128
Aquatic Capital Management
Chicago,
Illinois
| $3K | – | – | – |
|
|
IA
129
IFP Advisors
Tampa,
Florida
| $2.88K | – | – | – |
|
|
WTG
130
West Tower Group
Richmond,
Virginia
| $2.29K | +$2.42K | +74 | New |
|
|
C
131
Covestor
London,
United Kingdom
| $1K | -$131 | -4 | -17% |
|
|
CFGS
132
Concourse Financial Group Securities
Birmingham,
Alabama
| $649 | -$196 | -6 | -22% |
|
|
133
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$614K | -20,233 | Closed |
|
|
SCP
134
Seizert Capital Partners
Birmingham,
Michigan
| – | -$248K | -8,985 | Closed |
|
|
MAM
135
Martingale Asset Management
Boston,
Massachusetts
| – | -$222K | -8,020 | Closed |
|
136
Rafferty Asset Management
New York
| – | -$203K | -7,366 | Closed |
|
137
Citadel Advisors
Miami,
Florida
| – | -$183K | -6,632 | Closed |
|
|
HI
138
Harbour Investments
Madison,
Wisconsin
| – | -$6.91K | -250 | Closed |
|
|
AW
139
Avion Wealth
The Woodlands,
Texas
| – | +$523 | +16 | New |
|
MBWM Hedge Fund Activity: Q3 2023 in Review
133 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2023, worth a combined $283M — up 13% from $250M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new MBWM positions and 6 closed out — a net gain of 17 holders — while 47 added to existing stakes and 36 trimmed.
The largest buyer was Oberweis Asset Management, adding an estimated $745K. The largest seller was First Trust Advisors, cutting an estimated $720K.
- 133 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2023, up from 117 in Q2 2023.
- Funds reported $283M of Mercantile Bank Corp stock for Q3 2023, up 13% quarter-over-quarter.
- 23 funds opened new Mercantile Bank Corp positions in Q3 2023 and 6 closed out, a net change of +17 holders.
- The largest Mercantile Bank Corp buyer in Q3 2023 was Oberweis Asset Management, an estimated $745K added.
- The largest Mercantile Bank Corp seller in Q3 2023 was First Trust Advisors, an estimated $720K sold.
Based on aggregated 13F filings for Q3 2023.