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Mercantile Bank Corp

62 hedge funds and large institutions have $145M invested in Mercantile Bank Corp in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 21

3% less funds holding

Funds holding: 6462 (-2)

7% less capital invested

Capital invested by funds: $156M → $145M (-$11.2M)

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
62
Holders Change
-2
Holders Change %
-3.13%
% of All Funds
1.65%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
3
Increased
24
Reduced
21
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$29.2M -$3.1M -159,960 -10%
BFC
2
Banc Funds Company
Illinois
$24.2M +$527K +27,200 +2%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$12.8M +$241K +12,442 +2%
Renaissance Technologies
4
Renaissance Technologies
New York
$9.93M +$370K +19,099 +4%
BFA
5
BlackRock Fund Advisors
California
$8.96M -$49K -2,526 -0.5%
Vanguard Group
6
Vanguard Group
Pennsylvania
$8.53M +$98.8K +5,093 +1%
NSAM
7
North Star Asset Management
Wisconsin
$6.83M -$5.22K -269 -0.1%
SCA
8
Stieven Capital Advisors
Missouri
$4.92M -$7.76K -400 -0.2%
State Street
9
State Street
Massachusetts
$4.4M +$389K +20,038 +10%
CCM
10
Castine Capital Management
Massachusetts
$3.58M +$444K +22,900 +14%
BIT
11
BlackRock Institutional Trust
California
$3.35M +$95.4K +4,920 +3%
Northern Trust
12
Northern Trust
Illinois
$3.28M -$11.8K -611 -0.4%
LSV Asset Management
13
LSV Asset Management
Illinois
$2.27M +$333K +17,149 +17%
EPCA
14
Elizabeth Park Capital Advisors
Ohio
$2.26M +$222K +11,450 +11%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$1.9M +$20K +1,029 +1%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$1.54M +$196K +10,104 +15%
PH
17
Pinnacle Holdings
Oklahoma
$1.51M +$7.62K +393 +0.5%
TCIM
18
TIAA CREF Investment Management
New York
$1.43M -$46.5K -2,397 -3%
BCM
19
Bridgeway Capital Management
Texas
$1.24M
BIM
20
BlackRock Investment Management
Delaware
$1.08M +$11.3K +581 +1%
KCM
21
Kennedy Capital Management
Missouri
$974K +$966K +49,800 New
California Public Employees Retirement System
22
California Public Employees Retirement System
California
$966K
State of New Jersey Common Pension Fund D
23
State of New Jersey Common Pension Fund D
New Jersey
$925K
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$790K -$178K -9,192 -19%
FBNAT
25
FirstMerit Bank N.A. Trustee
Ohio
$685K -$31.6K -1,630 -4%

MBWM Hedge Fund Activity: Q1 2015 in Review

62 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2015, worth a combined $145M — down 7.2% from $156M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of MBWM and 3 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 24 added.

The largest buyer was Kennedy Capital Management, opening a new position worth an estimated $966K. The largest seller was Wellington Management Group, cutting an estimated $3.1M.

  • 62 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2015, down from 64 in Q4 2014.
  • Funds reported $145M of Mercantile Bank Corp stock for Q1 2015, down 7.2% quarter-over-quarter.
  • 3 funds opened new Mercantile Bank Corp positions in Q1 2015 and 5 closed out, a net change of -2 holders.
  • The largest Mercantile Bank Corp buyer in Q1 2015 was Kennedy Capital Management, an estimated $966K added.
  • The largest Mercantile Bank Corp seller in Q1 2015 was Wellington Management Group, an estimated $3.1M sold.

Based on aggregated 13F filings for Q1 2015.