Macatawa Bank Corp
MCBC
MCBC was delisted on the 31st of July, 2024.
114 hedge funds and large institutions have $231M invested in Macatawa Bank Corp in 2024 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 28 increasing their positions, 34 reducing their positions, and 27 closing their positions.
60% more capital invested
Capital invested by funds: $144M → $231M (+$86.4M)
37% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 27
10% more funds holding
Funds holding: 104 → 114 (+10)
18% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 34
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $212K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$8.1M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$5.78M |
| 3 |
Millennium Management
New York
|
+$4.51M |
| 4 |
CCM
Chicago Capital Management
Chicago,
Illinois
|
+$2.69M |
| 5 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$2.96M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.74M |
| 3 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$2.49M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.81M |
| 5 |
JP Morgan Chase
New York
|
-$1.46M |
MCBC Hedge Fund Activity: Q2 2024 in Review
114 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Macatawa Bank Corp (MCBC) for Q2 2024, worth a combined $231M — up 60% from $144M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new MCBC positions and 27 closed out — a net gain of 10 holders — while 28 added to existing stakes and 34 trimmed.
The largest buyer was Qube Research & Technologies (QRT), opening a new position worth an estimated $8.1M. The largest seller was Maltese Capital Management, exiting entirely with an estimated $2.96M sold.
- 114 institutional investors held Macatawa Bank Corp (MCBC) as of Q2 2024, up from 104 in Q1 2024.
- Funds reported $231M of Macatawa Bank Corp stock for Q2 2024, up 60% quarter-over-quarter.
- 37 funds opened new Macatawa Bank Corp positions in Q2 2024 and 27 closed out, a net change of +10 holders.
- The largest Macatawa Bank Corp buyer in Q2 2024 was Qube Research & Technologies (QRT), an estimated $8.1M added.
- The largest Macatawa Bank Corp seller in Q2 2024 was Maltese Capital Management, an estimated $2.96M sold.
Based on aggregated 13F filings for Q2 2024.