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Mercantile Bank Corp
MBWM

154 hedge funds and large institutions have $372M invested in Mercantile Bank Corp in 2024 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 49 increasing their positions, 55 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,074% more call options, than puts

Call options by funds: $446K | Put options by funds: $38K

118% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 11

9% more funds holding

Funds holding: 141 → 154 (+13)

0.4% more ownership

Funds ownership: 59.61% → 60% (+0.4%)

4% less capital invested

Capital invested by funds: $386M → $372M (-$13.5M)

11% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 55

Holders
154
Holders Change
+13
Holders Change %
+9.22%
% of All Funds
2.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
24
Increased
49
Reduced
55
Closed
11
Calls
$446K
Puts
$38K
Net Calls
+$408K
Net Calls Change
-$590K

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$4.53M
2
First Trust Advisors
First Trust Advisors
Illinois
+$3.63M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.5M
4
State Street
State Street
Massachusetts
+$1.95M
5
American Century Companies
American Century Companies
Missouri
+$1.92M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.93M
2
SCA
Stieven Capital Advisors
Missouri
-$3.55M
3
BFC
Banc Funds Company
Illinois
-$2.93M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$2.52M
5
TCM
Tributary Capital Management
Nebraska
-$2.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFGS
151
Concourse Financial Group Securities
Alabama
$808 -$381 -10 -32%
LC
152
Lindbrook Capital
California
$693 – – –
EC
153
EntryPoint Capital
New York
$423 -$104K -2,727 -100%
AWM
154
Avior Wealth Management
Nebraska
$76 +$76 +2 New
SWA
155
Strategies Wealth Advisors
Michigan
– -$1.04M -25,649 Closed
Jane Street
156
Jane Street
New York
– -$434K -10,741 Closed
Susquehanna International Group
157
Susquehanna International Group
Pennsylvania
– -$379K -9,385 Closed
Lazard Asset Management
158
Lazard Asset Management
New York
– -$340K -8,431 Closed
SEI Investments
159
SEI Investments
Pennsylvania
– -$238K -5,902 Closed
CC
160
Corton Capital
Ontario, Canada
– -$220K -5,447 Closed
A
161
AJOVista
Massachusetts
– -$15.4K -382 Closed
WTG
162
West Tower Group
Virginia
– -$7.27K -180 Closed
CTC
163
Central Trust Company
Missouri
– -$2.87K -71 Closed
GA
164
GoalVest Advisory
New York
– -$525 -13 Closed
AF
165
Allworth Financial
California
– -$122 -3 Closed
3 4 5 6
7

MBWM Hedge Fund Activity: Q1 2024 in Review

154 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2024, worth a combined $372M — down 3.5% from $386M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new MBWM positions and 11 closed out — a net gain of 13 holders — while 49 added to existing stakes and 55 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $4.53M. The largest seller was Morgan Stanley, cutting an estimated $4.93M.

  • 154 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2024, up from 141 in Q4 2023.
  • Funds reported $372M of Mercantile Bank Corp stock for Q1 2024, down 3.5% quarter-over-quarter.
  • 24 funds opened new Mercantile Bank Corp positions in Q1 2024 and 11 closed out, a net change of +13 holders.
  • The largest Mercantile Bank Corp buyer in Q1 2024 was Allianz Asset Management, an estimated $4.53M added.
  • The largest Mercantile Bank Corp seller in Q1 2024 was Morgan Stanley, an estimated $4.93M sold.

Based on aggregated 13F filings for Q1 2024.