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Mercantile Bank Corp

141 hedge funds and large institutions have $386M invested in Mercantile Bank Corp in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 50 increasing their positions, 42 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,990% more call options, than puts

Call options by funds: $1.02M | Put options by funds: $20K

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

36% more capital invested

Capital invested by funds: $283M → $386M (+$103M)

19% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 42

6% more funds holding

Funds holding: 133141 (+8)

2.4% more ownership

Funds ownership: 57.21%59.61% (+2.4%)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
141
Holders Change
+8
Holders Change %
+6.02%
% of All Funds
2.06%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
21
Increased
50
Reduced
42
Closed
12
Calls
$1.02M
Puts
$20K
Net Calls
+$998K
Net Calls Change
+$998K
Name Holding Trade Value Shares
Change
Change in
Stake
QCG
126
Quadrant Capital Group
Ohio
$19.5K
A
127
AJOVista
Massachusetts
$15.4K +$13.4K +382 New
CFFP
128
Center for Financial Planning
Michigan
$11.4K
UB
129
UMB Bank
Missouri
$11.2K -$15.5K -442 -61%
IA
130
IFP Advisors
Florida
$7.51K +$3.26K +93 +100%
S
131
SignatureFD
Georgia
$7.39K
WTG
132
West Tower Group
Virginia
$7.27K +$3.71K +106 +143%
PTC
133
Private Trust Company
Ohio
$4.48K
ACM
134
Aquatic Capital Management
Illinois
$4K
CTC
135
Central Trust Company
Missouri
$2.87K +$2.48K +71 New
PS
136
Principal Securities
Iowa
$2.38K +$2.06K +59 New
GI
137
GAMMA Investing
California
$2.37K +$2.06K +59 New
CFGS
138
Concourse Financial Group Securities
Alabama
$1.25K +$350 +10 +48%
LC
139
Lindbrook Capital
California
$727 -$5.78K -165 -90%
GA
140
GoalVest Advisory
New York
$525 -$3.85K -110 -89%
AF
141
Allworth Financial
California
$122 +$105 +3 New
II
142
Inspire Investing
Idaho
-$623K -20,160 Closed
KCM
143
Kennedy Capital Management
Missouri
-$553K -17,889 Closed
B
144
Bailard
California
-$347K -11,233 Closed
ZIM
145
Zacks Investment Management
Illinois
-$244K -7,887 Closed
SG Americas Securities
146
SG Americas Securities
New York
-$242K -7,843 Closed
TI
147
Trexquant Investment
Connecticut
-$215K -6,971 Closed
State of Tennessee, Department of Treasury
148
State of Tennessee, Department of Treasury
Tennessee
-$109K -3,521 Closed
DWA
149
Dorsey Wright & Associates
California
-$21.1K -684 Closed
Fisher Asset Management
150
Fisher Asset Management
Washington
-$10.3K -333 Closed

MBWM Hedge Fund Activity: Q4 2023 in Review

141 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2023, worth a combined $386M — up 36% from $283M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new MBWM positions and 12 closed out — a net gain of 9 holders — while 50 added to existing stakes and 42 trimmed.

The largest buyer was BlackRock, adding an estimated $4.58M. The largest seller was Stieven Capital Advisors, cutting an estimated $875K.

  • 141 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2023, up from 133 in Q3 2023.
  • Funds reported $386M of Mercantile Bank Corp stock for Q4 2023, up 36% quarter-over-quarter.
  • 21 funds opened new Mercantile Bank Corp positions in Q4 2023 and 12 closed out, a net change of +9 holders.
  • The largest Mercantile Bank Corp buyer in Q4 2023 was BlackRock, an estimated $4.58M added.
  • The largest Mercantile Bank Corp seller in Q4 2023 was Stieven Capital Advisors, an estimated $875K sold.

Based on aggregated 13F filings for Q4 2023.