Macatawa Bank Corp
MCBC
MCBC was delisted on the 31st of July, 2024.
95 hedge funds and large institutions have $129M invested in Macatawa Bank Corp in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 30 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
13% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 30
2% more funds holding
Funds holding: 93 → 95 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $132M → $129M (-$3.17M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$5.85M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$1.11M |
| 3 |
Bank of New York Mellon
New York
|
+$650K |
| 4 |
Goldman Sachs
New York
|
+$567K |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$505K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$2.56M |
| 2 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
-$2.56M |
| 3 |
BCM
Basswood Capital Management
New York
|
-$2.42M |
| 4 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$810K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$393K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$95.6K | -10,307 | Closed |
|
|
PVH
102
Psagot Value Holdings
Tel Aviv,
Israel
| – | -$8K | -852 | Closed |
|
MCBC Hedge Fund Activity: Q3 2023 in Review
95 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Macatawa Bank Corp (MCBC) for Q3 2023, worth a combined $129M — down 2.4% from $132M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MCBC positions and 8 closed out — a net gain of 2 holders — while 34 added to existing stakes and 30 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $5.85M. The largest seller was Hotchkis & Wiley Capital Management, exiting entirely with an estimated $2.56M sold.
- 95 institutional investors held Macatawa Bank Corp (MCBC) as of Q3 2023, up from 93 in Q2 2023.
- Funds reported $129M of Macatawa Bank Corp stock for Q3 2023, down 2.4% quarter-over-quarter.
- 10 funds opened new Macatawa Bank Corp positions in Q3 2023 and 8 closed out, a net change of +2 holders.
- The largest Macatawa Bank Corp buyer in Q3 2023 was AllianceBernstein, an estimated $5.85M added.
- The largest Macatawa Bank Corp seller in Q3 2023 was Hotchkis & Wiley Capital Management, an estimated $2.56M sold.
Based on aggregated 13F filings for Q3 2023.