Mercantile Bank Corp
MBWM
96 hedge funds and large institutions have $310M invested in Mercantile Bank Corp in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
16% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 31
5% more funds holding
Funds holding: 91 → 96 (+5)
1.05% more ownership
Funds ownership: 52.14% → 53.2% (+1.1%)
3% more capital invested
Capital invested by funds: $300M → $310M (+$10.4M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$3.31M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.43M |
| 3 |
BlackRock
New York
|
+$1.26M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$991K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$947K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$1.61M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.05M |
| 3 |
CCMH
Cornerstone Capital Management Holdings
New York
|
-$672K |
| 4 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
-$626K |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$591K |
MBWM Hedge Fund Activity: Q4 2017 in Review
96 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2017, worth a combined $310M — up 3.5% from $300M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MBWM positions and 4 closed out — a net gain of 5 holders — while 36 added to existing stakes and 31 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $3.31M. The largest seller was Bridgeway Capital Management, exiting entirely with an estimated $1.61M sold.
- 96 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2017, up from 91 in Q3 2017.
- Funds reported $310M of Mercantile Bank Corp stock for Q4 2017, up 3.5% quarter-over-quarter.
- 9 funds opened new Mercantile Bank Corp positions in Q4 2017 and 4 closed out, a net change of +5 holders.
- The largest Mercantile Bank Corp buyer in Q4 2017 was Millennium Management, an estimated $3.31M added.
- The largest Mercantile Bank Corp seller in Q4 2017 was Bridgeway Capital Management, an estimated $1.61M sold.
Based on aggregated 13F filings for Q4 2017.