Macatawa Bank Corp
MCBC
MCBC was delisted on the 31st of July, 2024.
90 hedge funds and large institutions have $146M invested in Macatawa Bank Corp in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 28 reducing their positions, and 11 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 28
5% more capital invested
Capital invested by funds: $138M → $146M (+$7.41M)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 91 → 90 (-1)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$4.95M |
| 2 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
+$2.72M |
| 3 |
State Street
Boston,
Massachusetts
|
+$560K |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$391K |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$385K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$1.66M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
-$1.5M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$1.23M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$998K |
| 5 |
Millennium Management
New York
|
-$626K |
MCBC Hedge Fund Activity: Q1 2023 in Review
90 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Macatawa Bank Corp (MCBC) for Q1 2023, worth a combined $146M — up 5.4% from $138M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MCBC and 10 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 34 added.
The largest buyer was AllianceBernstein, adding an estimated $4.95M. The largest seller was Basswood Capital Management, cutting an estimated $1.66M.
- 90 institutional investors held Macatawa Bank Corp (MCBC) as of Q1 2023, down from 91 in Q4 2022.
- Funds reported $146M of Macatawa Bank Corp stock for Q1 2023, up 5.4% quarter-over-quarter.
- 10 funds opened new Macatawa Bank Corp positions in Q1 2023 and 11 closed out, a net change of -1 holder.
- The largest Macatawa Bank Corp buyer in Q1 2023 was AllianceBernstein, an estimated $4.95M added.
- The largest Macatawa Bank Corp seller in Q1 2023 was Basswood Capital Management, an estimated $1.66M sold.
Based on aggregated 13F filings for Q1 2023.