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Mercantile Bank Corp

83 hedge funds and large institutions have $207M invested in Mercantile Bank Corp in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 35 increasing their positions, 25 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 25

14% more capital invested

Capital invested by funds: $182M → $207M (+$25.3M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

5% less funds holding

Funds holding: 8783 (-4)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
83
Holders Change
-4
Holders Change %
-4.6%
% of All Funds
2.21%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
4
Increased
35
Reduced
25
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BFC
1
Banc Funds Company
Illinois
$39.4M -$1.5M -57,708 -4%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$21.4M +$585K +22,590 +3%
Renaissance Technologies
3
Renaissance Technologies
New York
$17.3M -$412K -15,900 -2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$16.1M +$2.79M +107,743 +22%
BFA
5
BlackRock Fund Advisors
California
$11.9M +$800K +30,863 +7%
NSAM
6
North Star Asset Management
Wisconsin
$9.6M -$620K -23,921 -6%
State Street
7
State Street
Massachusetts
$7.26M +$123K +4,732 +2%
LSV Asset Management
8
LSV Asset Management
Illinois
$7.2M +$184K +7,100 +3%
BIT
9
BlackRock Institutional Trust
California
$6.05M +$740K +28,545 +15%
Northern Trust
10
Northern Trust
Illinois
$4.98M +$89.3K +3,447 +2%
CCM
11
Castine Capital Management
Massachusetts
$4.62M -$210K -8,093 -4%
KCM
12
Kennedy Capital Management
Missouri
$4.55M -$80.8K -3,117 -2%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$4.16M +$59.6K +2,300 +2%
PNC Financial Services Group
14
PNC Financial Services Group
Pennsylvania
$3.2M +$290K +11,210 +10%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$2.97M +$74.4K +2,872 +3%
TAM
16
THB Asset Management
Connecticut
$2.87M -$1.19M -45,900 -30%
Morgan Stanley
17
Morgan Stanley
New York
$2.63M +$520K +20,057 +26%
PAM
18
Panagora Asset Management
Massachusetts
$2.47M +$1.95M +75,186 +445%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$2.42M +$71.5K +2,759 +3%
EMFAT
20
Emerald Mutual Fund Advisers Trust
Pennsylvania
$2.36M
PH
21
Pinnacle Holdings
Oklahoma
$2.14M -$19.4K -749 -0.9%
OSAM
22
O'Shaughnessy Asset Management
Connecticut
$1.92M +$3.21K +124 +0.2%
BIM
23
BlackRock Investment Management
Delaware
$1.85M -$6.79K -262 -0.4%
NI
24
Numeric Investors
Massachusetts
$1.73M +$501K +19,346 +43%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$1.62M -$31.1K -1,200 -2%

MBWM Hedge Fund Activity: Q3 2016 in Review

83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2016, worth a combined $207M — up 14% from $182M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of MBWM and 4 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 35 added.

The largest buyer was Vanguard Group, adding an estimated $2.79M. The largest seller was Banc Funds Company, cutting an estimated $1.5M.

  • 83 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2016, down from 87 in Q2 2016.
  • Funds reported $207M of Mercantile Bank Corp stock for Q3 2016, up 14% quarter-over-quarter.
  • 4 funds opened new Mercantile Bank Corp positions in Q3 2016 and 7 closed out, a net change of -3 holders.
  • The largest Mercantile Bank Corp buyer in Q3 2016 was Vanguard Group, an estimated $2.79M added.
  • The largest Mercantile Bank Corp seller in Q3 2016 was Banc Funds Company, an estimated $1.5M sold.

Based on aggregated 13F filings for Q3 2016.