Mercantile Bank Corp
MBWM
101 hedge funds and large institutions have $291M invested in Mercantile Bank Corp in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 37 reducing their positions, and 12 closing their positions.
12% more capital invested
Capital invested by funds: $261M → $291M (+$30.1M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 37
1.06% less ownership
Funds ownership: 55.23% → 54.17% (-1.1%)
4% less funds holding
Funds holding: 105 → 101 (-4)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.55M |
| 2 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$1.75M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.6M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.56M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$876K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$5.09M |
| 2 |
Morgan Stanley
New York
|
-$975K |
| 3 |
BlackRock
New York
|
-$925K |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$796K |
| 5 |
MCM
Maltese Capital Management
New York
|
-$707K |
MBWM Hedge Fund Activity: Q1 2019 in Review
101 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2019, worth a combined $291M — up 12% from $261M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of MBWM and 9 opened new positions — a net loss of 3 holders — while 37 trimmed existing stakes and 36 added.
The largest buyer was Royal Bank of Canada, adding an estimated $2.55M. The largest seller was Banc Funds Company, cutting an estimated $5.09M.
- 101 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2019, down from 105 in Q4 2018.
- Funds reported $291M of Mercantile Bank Corp stock for Q1 2019, up 12% quarter-over-quarter.
- 9 funds opened new Mercantile Bank Corp positions in Q1 2019 and 12 closed out, a net change of -3 holders.
- The largest Mercantile Bank Corp buyer in Q1 2019 was Royal Bank of Canada, an estimated $2.55M added.
- The largest Mercantile Bank Corp seller in Q1 2019 was Banc Funds Company, an estimated $5.09M sold.
Based on aggregated 13F filings for Q1 2019.