Mercantile Bank Corp
MBWM
161 hedge funds and large institutions have $436M invested in Mercantile Bank Corp in 2024 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 62 increasing their positions, 50 reducing their positions, and 13 closing their positions.
100% more call options, than puts
Call options by funds: $44K | Put options by funds: $22K
24% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 50
9% more capital invested
Capital invested by funds: $399M → $436M (+$36.6M)
0.79% more ownership
Funds ownership: 61.03% → 61.82% (+0.79%)
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
1% less funds holding
Funds holding: 162 → 161 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ProShare Advisors
Bethesda,
Maryland
|
+$7.31M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$2.28M |
| 3 |
Goldman Sachs
New York
|
+$1.94M |
| 4 |
BlackRock
New York
|
+$1.79M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$4.04M |
| 2 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
-$3.65M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.93M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.89M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.66M |
MBWM Hedge Fund Activity: Q3 2024 in Review
161 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q3 2024, worth a combined $436M — up 9.2% from $399M a quarter earlier.
Fund positioning in MBWM was balanced in Q3 2024: 13 funds opened new positions, 13 closed out, 62 added to existing stakes and 50 trimmed.
The largest buyer was ProShare Advisors, opening a new position worth an estimated $7.31M. The largest seller was AQR Capital Management, cutting an estimated $4.04M.
- 161 institutional investors held Mercantile Bank Corp (MBWM) as of Q3 2024, down from 162 in Q2 2024.
- Funds reported $436M of Mercantile Bank Corp stock for Q3 2024, up 9.2% quarter-over-quarter.
- 13 funds opened new Mercantile Bank Corp positions in Q3 2024 and 13 closed out, a net change of 0 holders.
- The largest Mercantile Bank Corp buyer in Q3 2024 was ProShare Advisors, an estimated $7.31M added.
- The largest Mercantile Bank Corp seller in Q3 2024 was AQR Capital Management, an estimated $4.04M sold.
Based on aggregated 13F filings for Q3 2024.