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Mercantile Bank Corp
MBWM

58 hedge funds and large institutions have $90.9M invested in Mercantile Bank Corp in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

4% more funds holding

Funds holding: 56 → 58 (+2)

1% more capital invested

Capital invested by funds: $89.9M → $90.9M (+$960K)

5% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 22

Holders
58
Holders Change
+2
Holders Change %
+3.57%
% of All Funds
1.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
21
Reduced
22
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$1.27M
2
MCM
Maltese Capital Management
New York
+$1.09M
3
Renaissance Technologies
Renaissance Technologies
New York
+$567K
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$370K
5
Morgan Stanley
Morgan Stanley
New York
+$314K

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$1.13M
2
FG
FSI Group
Ohio
-$369K
3
Two Sigma Advisers
Two Sigma Advisers
New York
-$221K
4
BFA
BlackRock Fund Advisors
California
-$202K
5
Invesco
Invesco
Georgia
-$139K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$18.6M +$1.27M +59,188 +7%
BFC
2
Banc Funds Company
Illinois
$13M -$1.13M -52,682 -8%
Renaissance Technologies
3
Renaissance Technologies
New York
$9.29M +$567K +26,453 +7%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$7.11M +$81.9K +3,818 +1%
NSAM
5
North Star Asset Management
Wisconsin
$6.23M +$47.6K +2,217 +0.8%
BFA
6
BlackRock Fund Advisors
California
$5.33M -$202K -9,435 -4%
Vanguard Group
7
Vanguard Group
Pennsylvania
$5.17M +$13.5K +631 +0.3%
State Street
8
State Street
Massachusetts
$2.56M +$11.8K +550 +0.5%
Northern Trust
9
Northern Trust
Illinois
$2.44M -$2.23K -104 -0.1%
BIT
10
BlackRock Institutional Trust
California
$1.9M -$138K -6,444 -7%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$1.47M +$370K +17,242 +34%
BCM
12
Bridgeway Capital Management
Texas
$1.34M +$31.1K +1,450 +2%
LSV Asset Management
13
LSV Asset Management
Illinois
$1.28M – – –
FG
14
FSI Group
Ohio
$1.18M -$369K -17,197 -24%
MCM
15
Maltese Capital Management
New York
$1.1M +$1.09M +50,800 New
SONJCPFA
16
State of New Jersey Common Pension Fund A
New Jersey
$1.02M -$107K -5,000 -10%
Acadian Asset Management
17
Acadian Asset Management
Massachusetts
$899K -$43.4K -2,024 -5%
TCIM
18
TIAA CREF Investment Management
New York
$896K – – –
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$843K -$2.7K -126 -0.3%
California Public Employees Retirement System
20
California Public Employees Retirement System
California
$762K -$4.29K -200 -0.6%
Morgan Stanley
21
Morgan Stanley
New York
$752K +$314K +14,625 +72%
SO
22
STRS Ohio
Ohio
$680K -$116K -5,400 -15%
BIM
23
BlackRock Investment Management
Delaware
$642K -$16.8K -785 -3%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$591K -$17.4K -809 -3%
PAM
25
Panagora Asset Management
Massachusetts
$433K +$11.2K +521 +3%
1
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MBWM Hedge Fund Activity: Q4 2013 in Review

58 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2013, worth a combined $90.9M — up 1.1% from $89.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new MBWM positions and 4 closed out — a net gain of 2 holders — while 21 added to existing stakes and 22 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $1.27M. The largest seller was Banc Funds Company, cutting an estimated $1.13M.

  • 58 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2013, up from 56 in Q3 2013.
  • Funds reported $90.9M of Mercantile Bank Corp stock for Q4 2013, up 1.1% quarter-over-quarter.
  • 6 funds opened new Mercantile Bank Corp positions in Q4 2013 and 4 closed out, a net change of +2 holders.
  • The largest Mercantile Bank Corp buyer in Q4 2013 was Wellington Management Group, an estimated $1.27M added.
  • The largest Mercantile Bank Corp seller in Q4 2013 was Banc Funds Company, an estimated $1.13M sold.

Based on aggregated 13F filings for Q4 2013.