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Mercantile Bank Corp

141 hedge funds and large institutions have $386M invested in Mercantile Bank Corp in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 50 increasing their positions, 42 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,990% more call options, than puts

Call options by funds: $1.02M | Put options by funds: $20K

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

36% more capital invested

Capital invested by funds: $283M → $386M (+$103M)

19% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 42

6% more funds holding

Funds holding: 133141 (+8)

2.4% more ownership

Funds ownership: 57.21%59.61% (+2.4%)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
141
Holders Change
+8
Holders Change %
+6.02%
% of All Funds
2.06%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
21
Increased
50
Reduced
42
Closed
12
Calls
$1.02M
Puts
$20K
Net Calls
+$998K
Net Calls Change
+$998K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$62.8M +$4.58M +130,877 +9%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$46.5M +$11.1K +317 +0%
Vanguard Group
3
Vanguard Group
Pennsylvania
$31.6M -$565K -16,147 -2%
Renaissance Technologies
4
Renaissance Technologies
New York
$21.7M +$130K +3,700 +0.7%
BFC
5
Banc Funds Company
Illinois
$19M -$756K -21,600 -4%
State Street
6
State Street
Massachusetts
$16.2M +$220K +6,294 +2%
NSAM
7
North Star Asset Management
Wisconsin
$14.6M +$58.7K +1,677 +0.5%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$13.6M +$486K +13,892 +4%
TCM
9
Tributary Capital Management
Nebraska
$12.7M -$196K -5,600 -2%
Morgan Stanley
10
Morgan Stanley
New York
$8.84M +$4.26M +121,566 +125%
LSV Asset Management
11
LSV Asset Management
Illinois
$8.59M
American Century Companies
12
American Century Companies
Missouri
$8.52M +$1.61M +45,897 +28%
Charles Schwab
13
Charles Schwab
California
$8.04M +$113K +3,232 +2%
Northern Trust
14
Northern Trust
Illinois
$7.86M +$180K +5,154 +3%
SCA
15
Stieven Capital Advisors
Missouri
$7.64M -$875K -25,000 -12%
Hotchkis & Wiley Capital Management
16
Hotchkis & Wiley Capital Management
California
$5.19M -$299K -8,540 -6%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$4.92M -$114K -3,256 -3%
Mercer Global Advisors
18
Mercer Global Advisors
Colorado
$4.54M +$901K +25,736 +30%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$3.74M +$400K +11,434 +14%
BCM
20
Bridgeway Capital Management
Texas
$3.65M +$134K +3,840 +4%
OAM
21
Oberweis Asset Management
Illinois
$3.45M -$10.1K -288 -0.3%
HIM
22
Hillsdale Investment Management
Ontario, Canada
$2.94M -$130K -3,700 -5%
Assenagon Asset Management
23
Assenagon Asset Management
Luxembourg
$2.86M +$1.21M +34,567 +95%
Acadian Asset Management
24
Acadian Asset Management
Massachusetts
$2.83M
JP Morgan Chase
25
JP Morgan Chase
New York
$2.62M +$458K +13,073 +25%

MBWM Hedge Fund Activity: Q4 2023 in Review

141 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q4 2023, worth a combined $386M — up 36% from $283M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new MBWM positions and 12 closed out — a net gain of 9 holders — while 50 added to existing stakes and 42 trimmed.

The largest buyer was BlackRock, adding an estimated $4.58M. The largest seller was Stieven Capital Advisors, cutting an estimated $875K.

  • 141 institutional investors held Mercantile Bank Corp (MBWM) as of Q4 2023, up from 133 in Q3 2023.
  • Funds reported $386M of Mercantile Bank Corp stock for Q4 2023, up 36% quarter-over-quarter.
  • 21 funds opened new Mercantile Bank Corp positions in Q4 2023 and 12 closed out, a net change of +9 holders.
  • The largest Mercantile Bank Corp buyer in Q4 2023 was BlackRock, an estimated $4.58M added.
  • The largest Mercantile Bank Corp seller in Q4 2023 was Stieven Capital Advisors, an estimated $875K sold.

Based on aggregated 13F filings for Q4 2023.