Mercantile Bank Corp
MBWM
154 hedge funds and large institutions have $372M invested in Mercantile Bank Corp in 2024 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 49 increasing their positions, 55 reducing their positions, and 11 closing their positions.
1,074% more call options, than puts
Call options by funds: $446K | Put options by funds: $38K
118% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 11
9% more funds holding
Funds holding: 141 → 154 (+13)
0.4% more ownership
Funds ownership: 59.61% → 60% (+0.4%)
4% less capital invested
Capital invested by funds: $386M → $372M (-$13.5M)
11% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$4.53M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.63M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.5M |
| 4 |
State Street
Boston,
Massachusetts
|
+$1.95M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.93M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$3.55M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.93M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$2.52M |
| 5 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
-$2.5M |
MBWM Hedge Fund Activity: Q1 2024 in Review
154 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2024, worth a combined $372M — down 3.5% from $386M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new MBWM positions and 11 closed out — a net gain of 13 holders — while 49 added to existing stakes and 55 trimmed.
The largest buyer was Allianz Asset Management, opening a new position worth an estimated $4.53M. The largest seller was Morgan Stanley, cutting an estimated $4.93M.
- 154 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2024, up from 141 in Q4 2023.
- Funds reported $372M of Mercantile Bank Corp stock for Q1 2024, down 3.5% quarter-over-quarter.
- 24 funds opened new Mercantile Bank Corp positions in Q1 2024 and 11 closed out, a net change of +13 holders.
- The largest Mercantile Bank Corp buyer in Q1 2024 was Allianz Asset Management, an estimated $4.53M added.
- The largest Mercantile Bank Corp seller in Q1 2024 was Morgan Stanley, an estimated $4.93M sold.
Based on aggregated 13F filings for Q1 2024.