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Mercantile Bank Corp

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.

New
Increased
Maintained
Reduced
Closed

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: 141154 (+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

Holders
154
Holders Change
+13
Holders Change %
+9.22%
% of All Funds
2.22%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
24
Increased
49
Reduced
55
Closed
11
Calls
$446K
Puts
$38K
Net Calls
+$408K
Net Calls Change
-$590K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$57.9M -$1.97M -51,638 -3%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$44.7M +$401K +10,511 +0.9%
Vanguard Group
3
Vanguard Group
Pennsylvania
$31M +$824K +21,616 +3%
Renaissance Technologies
4
Renaissance Technologies
New York
$20.1M -$595K -15,600 -3%
State Street
5
State Street
Massachusetts
$17.4M +$1.95M +51,241 +13%
BFC
6
Banc Funds Company
Illinois
$15.2M -$2.93M -76,829 -16%
NSAM
7
North Star Asset Management
Wisconsin
$13.9M -$39.5K -1,035 -0.3%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$13.4M +$474K +12,428 +4%
American Century Companies
9
American Century Companies
Missouri
$10.1M +$1.92M +50,286 +24%
TCM
10
Tributary Capital Management
Nebraska
$9.54M -$2.5M -65,584 -21%
LSV Asset Management
11
LSV Asset Management
Illinois
$8.68M +$485K +12,726 +6%
Charles Schwab
12
Charles Schwab
California
$7.64M -$23.8K -625 -0.3%
Northern Trust
13
Northern Trust
Illinois
$7.07M -$411K -10,787 -6%
First Trust Advisors
14
First Trust Advisors
Illinois
$5.55M +$3.63M +95,300 +195%
Allianz Asset Management
15
Allianz Asset Management
Germany
$4.57M +$4.53M +118,831 New
Bank of New York Mellon
16
Bank of New York Mellon
New York
$4.52M -$172K -4,499 -4%
Mercer Global Advisors
17
Mercer Global Advisors
Colorado
$4.33M
SCA
18
Stieven Capital Advisors
Missouri
$3.7M -$3.55M -92,977 -49%
BCM
19
Bridgeway Capital Management
Texas
$3.61M +$133K +3,500 +4%
Morgan Stanley
20
Morgan Stanley
New York
$3.45M -$4.93M -129,203 -59%
OAM
21
Oberweis Asset Management
Illinois
$3.44M +$153K +4,013 +5%
AQR Capital Management
22
AQR Capital Management
Connecticut
$3.22M +$1.41M +36,910 +79%
JP Morgan Chase
23
JP Morgan Chase
New York
$3.06M +$558K +14,632 +23%
HIM
24
Hillsdale Investment Management
Ontario, Canada
$3.04M +$236K +6,200 +9%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$2.9M -$659K -17,293 -19%

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.