Mercantile Bank Corp
MBWM
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.
14% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 21
3% less funds holding
Funds holding: 64 → 62 (-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: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$966K |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$527K |
| 3 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$444K |
| 4 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$440K |
| 5 |
State Street
Boston,
Massachusetts
|
+$389K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.1M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$889K |
| 3 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$704K |
| 4 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
-$229K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$178K |
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.