Mercantile Bank Corp
MBWM
109 hedge funds and large institutions have $295M invested in Mercantile Bank Corp in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 40 increasing their positions, 33 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
21% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 33
5% more funds holding
Funds holding: 104 → 109 (+5)
1% more capital invested
Capital invested by funds: $293M → $295M (+$2.14M)
0.02% more ownership
Funds ownership: 54.73% → 54.75% (+0.02%)
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
|
+$3.16M |
| 2 |
Renaissance Technologies
New York
|
+$1.1M |
| 3 |
BlackRock
New York
|
+$1.06M |
| 4 |
Morgan Stanley
New York
|
+$626K |
| 5 |
LG
LaFleur & Godfrey
Grand Rapids,
Michigan
|
+$574K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$2.63M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.91M |
| 3 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$1.54M |
| 4 |
Goldman Sachs
New York
|
-$1.41M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.23M |
MBWM Hedge Fund Activity: Q3 2019 in Review
109 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2019, worth a combined $295M — up 0.73% from $293M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MBWM positions and 7 closed out — a net gain of 5 holders — while 40 added to existing stakes and 33 trimmed.
The largest buyer was Bank of America, adding an estimated $3.16M. The largest seller was THB Asset Management, exiting entirely with an estimated $2.63M sold.
- 109 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2019, up from 104 in Q2 2019.
- Funds reported $295M of Mercantile Bank Corp stock for Q3 2019, up 0.73% quarter-over-quarter.
- 12 funds opened new Mercantile Bank Corp positions in Q3 2019 and 7 closed out, a net change of +5 holders.
- The largest Mercantile Bank Corp buyer in Q3 2019 was Bank of America, an estimated $3.16M added.
- The largest Mercantile Bank Corp seller in Q3 2019 was THB Asset Management, an estimated $2.63M sold.
Based on aggregated 13F filings for Q3 2019.