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Mercantile Bank Corp

98 hedge funds and large institutions have $189M invested in Mercantile Bank Corp in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 43 increasing their positions, 30 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 30

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.55% less ownership

Funds ownership: 56.09%54.54% (-1.5%)

13% less funds holding

Funds holding: 11398 (-15)

44% less capital invested

Capital invested by funds: $334M → $189M (-$146M)

72% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 18

Holders
98
Holders Change
-15
Holders Change %
-13.27%
% of All Funds
2.16%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
43
Reduced
30
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$29.4M +$378K +12,526 +0.9%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$25.4M +$396K +13,120 +1%
Renaissance Technologies
3
Renaissance Technologies
New York
$19.4M +$247K +8,200 +0.9%
Vanguard Group
4
Vanguard Group
Pennsylvania
$16.5M +$145K +4,807 +0.6%
BFC
5
Banc Funds Company
Illinois
$14.7M -$2.8M -92,804 -12%
TCM
6
Tributary Capital Management
Nebraska
$7.5M -$391K -12,951 -4%
State Street
7
State Street
Massachusetts
$7.47M -$297K -9,856 -3%
NSAM
8
North Star Asset Management
Wisconsin
$5.53M +$56.9K +1,885 +0.7%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$5.07M +$428K +14,168 +6%
Bank of America
10
Bank of America
North Carolina
$5.04M -$212K -7,025 -3%
Northern Trust
11
Northern Trust
Illinois
$4.6M +$191K +6,343 +3%
LSV Asset Management
12
LSV Asset Management
Illinois
$4.38M -$395K -13,100 -6%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$4.13M +$657K +21,769 +13%
Acadian Asset Management
14
Acadian Asset Management
Massachusetts
$2.83M +$860K +28,480 +27%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$2.79M +$45.2K +1,499 +1%
Victory Capital Management
16
Victory Capital Management
Texas
$2.26M +$1.3M +43,201 +68%
Charles Schwab
17
Charles Schwab
California
$2.17M +$60K +1,988 +2%
Wells Fargo
18
Wells Fargo
California
$2.05M +$336K +11,144 +13%
Goldman Sachs
19
Goldman Sachs
New York
$1.87M +$636K +21,088 +31%
Arrowstreet Capital
20
Arrowstreet Capital
Massachusetts
$1.72M -$934K -30,959 -28%
Wellington Management Group
21
Wellington Management Group
Massachusetts
$1.63M -$1.8M -59,760 -44%
RHCA
22
Rosenthal Henry Capital Advisors
Indiana
$1.59M
N
23
Nuveen
North Carolina
$1.49M +$83.3K +2,760 +4%
LG
24
LaFleur & Godfrey
Michigan
$1.31M -$43.5K -1,443 -2%
JP Morgan Chase
25
JP Morgan Chase
New York
$1.3M +$100K +3,315 +6%

MBWM Hedge Fund Activity: Q1 2020 in Review

98 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2020, worth a combined $189M — down 44% from $334M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of MBWM and 5 opened new positions — a net loss of 13 holders — while 30 trimmed existing stakes and 43 added.

The largest buyer was Victory Capital Management, adding an estimated $1.3M. The largest seller was Banc Funds Company, cutting an estimated $2.8M.

  • 98 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2020, down from 113 in Q4 2019.
  • Funds reported $189M of Mercantile Bank Corp stock for Q1 2020, down 44% quarter-over-quarter.
  • 5 funds opened new Mercantile Bank Corp positions in Q1 2020 and 18 closed out, a net change of -13 holders.
  • The largest Mercantile Bank Corp buyer in Q1 2020 was Victory Capital Management, an estimated $1.3M added.
  • The largest Mercantile Bank Corp seller in Q1 2020 was Banc Funds Company, an estimated $2.8M sold.

Based on aggregated 13F filings for Q1 2020.