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Mercantile Bank Corp

128 hedge funds and large institutions have $278M invested in Mercantile Bank Corp in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 50 increasing their positions, 37 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

900% more call options, than puts

Call options by funds: $30K | Put options by funds: $3K

35% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 37

7% more capital invested

Capital invested by funds: $260M → $278M (+$17.6M)

7% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 14

0.33% more ownership

Funds ownership: 56.51%56.84% (+0.33%)

2% less funds holding

Funds holding: 130128 (-2)

Holders
128
Holders Change
-2
Holders Change %
-1.54%
% of All Funds
2.04%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
50
Reduced
37
Closed
14
Calls
$30K
Puts
$3K
Net Calls
+$27K
Net Calls Change
+$27K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$42.3M -$851K -25,407 -2%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$36.5M +$81.6K +2,435 +0.2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$24.2M +$606K +18,104 +2%
Renaissance Technologies
4
Renaissance Technologies
New York
$16.7M -$1.52M -45,500 -8%
BFC
5
Banc Funds Company
Illinois
$15.1M
State Street
6
State Street
Massachusetts
$12M +$555K +16,564 +4%
NSAM
7
North Star Asset Management
Wisconsin
$10.2M +$479K +14,292 +4%
TCM
8
Tributary Capital Management
Nebraska
$9.77M +$359K +10,730 +3%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$8.97M +$350K +10,462 +4%
SCA
10
Stieven Capital Advisors
Missouri
$7.46M -$1.77M -52,902 -18%
LSV Asset Management
11
LSV Asset Management
Illinois
$6.46M +$2.04M +60,762 +40%
Northern Trust
12
Northern Trust
Illinois
$5.62M -$126K -3,769 -2%
Charles Schwab
13
Charles Schwab
California
$4.94M +$1.68M +50,280 +45%
Millennium Management
14
Millennium Management
New York
$4.17M +$784K +23,414 +21%
American Century Companies
15
American Century Companies
Missouri
$3.94M +$566K +16,899 +15%
Hotchkis & Wiley Capital Management
16
Hotchkis & Wiley Capital Management
California
$3.93M -$43.5K -1,300 -1%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$3.74M -$80K -2,388 -2%
Morgan Stanley
18
Morgan Stanley
New York
$3.08M -$410K -12,253 -11%
Acadian Asset Management
19
Acadian Asset Management
Massachusetts
$3.07M -$912K -27,216 -21%
Mercer Global Advisors
20
Mercer Global Advisors
Colorado
$2.65M +$2.9M +86,641 New
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$2.63M -$476K -14,201 -14%
BCM
22
Bridgeway Capital Management
Texas
$2.44M +$204K +6,090 +8%
Assenagon Asset Management
23
Assenagon Asset Management
Luxembourg
$2.02M +$989K +29,525 +81%
JA
24
JVL Associates
Michigan
$1.98M +$348K +10,390 +19%
OAM
25
Oberweis Asset Management
Illinois
$1.84M +$342K +10,215 +21%

MBWM Hedge Fund Activity: Q1 2023 in Review

128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2023, worth a combined $278M — up 6.8% from $260M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new MBWM positions and 14 closed out — a net gain of 1 holder — while 50 added to existing stakes and 37 trimmed.

The largest buyer was Mercer Global Advisors, opening a new position worth an estimated $2.9M. The largest seller was Stieven Capital Advisors, cutting an estimated $1.77M.

  • 128 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2023, down from 130 in Q4 2022.
  • Funds reported $278M of Mercantile Bank Corp stock for Q1 2023, up 6.8% quarter-over-quarter.
  • 15 funds opened new Mercantile Bank Corp positions in Q1 2023 and 14 closed out, a net change of +1 holder.
  • The largest Mercantile Bank Corp buyer in Q1 2023 was Mercer Global Advisors, an estimated $2.9M added.
  • The largest Mercantile Bank Corp seller in Q1 2023 was Stieven Capital Advisors, an estimated $1.77M sold.

Based on aggregated 13F filings for Q1 2023.