Mercantile Bank Corp
MBWM
89 hedge funds and large institutions have $274M invested in Mercantile Bank Corp in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 36 increasing their positions, 26 reducing their positions, and 10 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 26
0.62% more ownership
Funds ownership: 52.26% → 52.88% (+0.62%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 95 → 89 (-6)
7% less capital invested
Capital invested by funds: $295M → $274M (-$21.2M)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.48M |
| 2 |
BlackRock
New York
|
+$1.17M |
| 3 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$1.04M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.04M |
| 5 |
MC
Menta Capital
San Francisco,
California
|
+$973K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.71M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.66M |
| 3 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$773K |
| 4 |
Two Sigma Investments
New York
|
-$488K |
| 5 |
Morgan Stanley
New York
|
-$399K |
MBWM Hedge Fund Activity: Q2 2017 in Review
89 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q2 2017, worth a combined $274M — down 7.2% from $295M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MBWM and 4 opened new positions — a net loss of 6 holders — while 26 trimmed existing stakes and 36 added.
The largest buyer was Vanguard Group, adding an estimated $1.48M. The largest seller was Numeric Investors, cutting an estimated $1.71M.
- 89 institutional investors held Mercantile Bank Corp (MBWM) as of Q2 2017, down from 95 in Q1 2017.
- Funds reported $274M of Mercantile Bank Corp stock for Q2 2017, down 7.2% quarter-over-quarter.
- 4 funds opened new Mercantile Bank Corp positions in Q2 2017 and 10 closed out, a net change of -6 holders.
- The largest Mercantile Bank Corp buyer in Q2 2017 was Vanguard Group, an estimated $1.48M added.
- The largest Mercantile Bank Corp seller in Q2 2017 was Numeric Investors, an estimated $1.71M sold.
Based on aggregated 13F filings for Q2 2017.