Mercantile Bank Corp
MBWM
65 hedge funds and large institutions have $141M invested in Mercantile Bank Corp in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 27 reducing their positions, and 11 closing their positions.
47% more capital inflows, than outflows
Capital inflows: $9.33M | Capital outflows: $6.35M
0.88% more ownership
Funds ownership: 43.07% → 43.95% (+0.88%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 69 → 65 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
44% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$2.52M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$2.36M |
| 3 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$1.51M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$678K |
| 5 |
North Star Asset Management
Neenah,
Wisconsin
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.43M |
| 2 |
Two Sigma Investments
New York
|
-$506K |
| 3 |
Basswood Capital Management
New York
|
-$476K |
| 4 |
BlackRock Fund Advisors
San Francisco,
California
|
-$454K |
| 5 |
MC
Menta Capital
San Francisco,
California
|
-$441K |
MBWM Hedge Fund Activity: Q3 2014 in Review
65 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2014, worth a combined $141M — down 15% from $165M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MBWM and 7 opened new positions — a net loss of 4 holders — while 27 trimmed existing stakes and 15 added.
The largest buyer was Castine Capital Management, opening a new position worth an estimated $2.52M. The largest seller was AQR Capital Management, exiting entirely with an estimated $1.43M sold.
- 65 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2014, down from 69 in Q2 2014.
- Funds reported $141M of Mercantile Bank Corp stock for Q3 2014, down 15% quarter-over-quarter.
- 7 funds opened new Mercantile Bank Corp positions in Q3 2014 and 11 closed out, a net change of -4 holders.
- The largest Mercantile Bank Corp buyer in Q3 2014 was Castine Capital Management, an estimated $2.52M added.
- The largest Mercantile Bank Corp seller in Q3 2014 was AQR Capital Management, an estimated $1.43M sold.
Based on aggregated 13F filings for Q3 2014.