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Mercantile Bank Corp
MBWM

133 hedge funds and large institutions have $283M invested in Mercantile Bank Corp in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 36 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

283% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 6

31% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 36

14% more funds holding

Funds holding: 117 → 133 (+16)

13% more capital invested

Capital invested by funds: $250M → $283M (+$33.2M)

0.63% more ownership

Funds ownership: 56.59% → 57.21% (+0.63%)

Holders
133
Holders Change
+16
Holders Change %
+13.68%
% of All Funds
2.11%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
47
Reduced
36
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OAM
Oberweis Asset Management
Illinois
+$745K
2
CAM
ClariVest Asset Management
California
+$744K
3
American Century Companies
American Century Companies
Missouri
+$705K
4
II
Inspire Investing
Idaho
+$659K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$517K

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$720K
2
BlackRock
BlackRock
New York
-$625K
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$614K
4
State Street
State Street
Massachusetts
-$444K
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$429K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$44M -$625K -19,115 -1%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$35.6M -$385K -11,779 -1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$24.7M +$438K +13,400 +2%
Renaissance Technologies
4
Renaissance Technologies
New York
$16.5M -$229K -7,000 -1%
BFC
5
Banc Funds Company
Illinois
$15.2M – – –
State Street
6
State Street
Massachusetts
$12.2M -$444K -13,601 -3%
NSAM
7
North Star Asset Management
Wisconsin
$11.1M +$78.4K +2,398 +0.7%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$9.95M +$517K +15,808 +5%
TCM
9
Tributary Capital Management
Nebraska
$9.86M +$141K +4,324 +1%
SCA
10
Stieven Capital Advisors
Missouri
$6.62M -$288K -8,800 -4%
LSV Asset Management
11
LSV Asset Management
Illinois
$6.57M – – –
Charles Schwab
12
Charles Schwab
California
$6.05M +$135K +4,133 +2%
Northern Trust
13
Northern Trust
Illinois
$5.85M +$169K +5,157 +3%
American Century Companies
14
American Century Companies
Missouri
$5.1M +$705K +21,587 +15%
Hotchkis & Wiley Capital Management
15
Hotchkis & Wiley Capital Management
California
$4.24M -$81.7K -2,500 -2%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$3.87M +$118K +3,610 +3%
Morgan Stanley
17
Morgan Stanley
New York
$3.01M +$268K +8,187 +9%
Mercer Global Advisors
18
Mercer Global Advisors
Colorado
$2.68M – – –
BCM
19
Bridgeway Capital Management
Texas
$2.67M +$103K +3,160 +4%
OAM
20
Oberweis Asset Management
Illinois
$2.65M +$745K +22,814 +36%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$2.51M -$138K -4,212 -5%
HIM
22
Hillsdale Investment Management
Ontario, Canada
$2.37M +$418K +12,806 +20%
Acadian Asset Management
23
Acadian Asset Management
Massachusetts
$2.17M -$405K -12,396 -15%
JA
24
JVL Associates
Michigan
$2M – – –
JP Morgan Chase
25
JP Morgan Chase
New York
$1.6M -$305K -9,337 -15%
1
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MBWM Hedge Fund Activity: Q3 2023 in Review

133 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2023, worth a combined $283M — up 13% from $250M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new MBWM positions and 6 closed out — a net gain of 17 holders — while 47 added to existing stakes and 36 trimmed.

The largest buyer was Oberweis Asset Management, adding an estimated $745K. The largest seller was First Trust Advisors, cutting an estimated $720K.

  • 133 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2023, up from 117 in Q2 2023.
  • Funds reported $283M of Mercantile Bank Corp stock for Q3 2023, up 13% quarter-over-quarter.
  • 23 funds opened new Mercantile Bank Corp positions in Q3 2023 and 6 closed out, a net change of +17 holders.
  • The largest Mercantile Bank Corp buyer in Q3 2023 was Oberweis Asset Management, an estimated $745K added.
  • The largest Mercantile Bank Corp seller in Q3 2023 was First Trust Advisors, an estimated $720K sold.

Based on aggregated 13F filings for Q3 2023.