Mercantile Bank Corp
MBWM
87 hedge funds and large institutions have $182M invested in Mercantile Bank Corp in 2016 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 28 increasing their positions, 22 reducing their positions, and 3 closing their positions.
500% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 3
92% more capital inflows, than outflows
Capital inflows: $11.8M | Capital outflows: $6.16M
27% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 22
19% more funds holding
Funds holding: 73 → 87 (+14)
1.03% more ownership
Funds ownership: 45.83% → 46.86% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$887K |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$758K |
| 3 |
JP Morgan Chase
New York
|
+$662K |
| 4 |
State Street
Boston,
Massachusetts
|
+$648K |
| 5 |
Renaissance Technologies
New York
|
+$618K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.91M |
| 2 |
BlackRock Fund Advisors
San Francisco,
California
|
-$388K |
| 3 |
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$332K |
| 4 |
Citigroup
New York
|
-$307K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$302K |
MBWM Hedge Fund Activity: Q2 2016 in Review
87 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q2 2016, worth a combined $182M — up 9% from $167M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new MBWM positions and 3 closed out — a net gain of 15 holders — while 28 added to existing stakes and 22 trimmed.
The largest buyer was Bank of America, adding an estimated $887K. The largest seller was Wellington Management Group, exiting entirely with an estimated $3.91M sold.
- 87 institutional investors held Mercantile Bank Corp (MBWM) as of Q2 2016, up from 73 in Q1 2016.
- Funds reported $182M of Mercantile Bank Corp stock for Q2 2016, up 9% quarter-over-quarter.
- 18 funds opened new Mercantile Bank Corp positions in Q2 2016 and 3 closed out, a net change of +15 holders.
- The largest Mercantile Bank Corp buyer in Q2 2016 was Bank of America, an estimated $887K added.
- The largest Mercantile Bank Corp seller in Q2 2016 was Wellington Management Group, an estimated $3.91M sold.
Based on aggregated 13F filings for Q2 2016.