Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

MERCANTILE BK CORP (MBWM)

182 + Investors. Track Smart Money conviction in MBWM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
1Q ▼
Buyers last Q
42%

Smart Money Signals — MBWM

Based on 190 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their MBWM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
190 hedge funds hold MBWM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +10% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 42% buying

77 buying105 selling
Last quarter: 105 funds reduced or exited vs 77 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 32 → 15 → 24 → 17. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 23% medium ■ 14% new
120 out of 190 hedge funds have held MBWM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~17 new funds/quarter

25 → 32 → 15 → 24 → 17 new funds/Q
New funds entering each quarter: 32 → 15 → 24 → 17. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 13% 1-2yr ■ 22% new
Of 190 current holders: 123 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
46 of 190 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in MBWM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — MBWM

In 2025 Q4, 77 hedge funds were net buyers of MBWM (17 opened a new position, 60 added to an existing one), while 105 reduced or exited (82 trimmed, 23 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. 52% of total institutional value in MBWM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 190.

Hedge Fund Ownership: MBWM

How many hedge funds hold MBWM — quarterly history vs. share price
Quarterly hedge fund ownership of MBWM vs. share price

Market Analysis: MBWM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MBWM

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

37 top-rated funds 0 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: MBWM
2026 Q1 Stats Unlock in 1 days 182 + Investors

Track Smart Money conviction in MBWM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 182 188 -3.19%
13F Shares 11M 11M -0.73%
Total Value $516M $486M 6.09%
New Positions 17 24 -7
Increased Positions 57 74 -17
Closed Positions 23 19 +4
Reduced Positions 80 60 +20
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: MBWM

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Institutional Holders (2026 Q1)

182 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MBWM. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of MBWM — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rosenthal | Henry Capital Advisors, Inc. 2.22% 45,000 $2.3M
2 Elizabeth Park Capital Advisors, Ltd. 1.98% 50,971 $2.6M
3 BANC FUNDS CO LLC 1.23% 131,160 $6.6M
4 jvl associates llc 1.11% 65,508 $3.3M
5 Tributary Capital Management, LLC 1.10% 224,632 $11.3M
6 Siena Capital Partners GP, LLC 1.10% 83,966 $4.2M
7 NORTH STAR ASSET MANAGEMENT INC 0.84% 383,180 $19.4M
8 Round Hill Asset Management 0.56% 16,925 $855K
9 Daytona Street Capital LLC 0.49% 12,260 $632K
10 De Lisle Partners LLP 0.46% 75,649 $3.8M
11 Wakefield Asset Management LLLP 0.31% 22,830 $1.2M
12 LaFleur & Godfrey LLC 0.20% 31,499 $1.6M
13 JMN Financial LLC 0.20% 3,964 $200K
14 Shakespeare Wealth Management, LLC 0.14% 11,574 $584K
15 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.13% 126,269 $6.4M
16 CHICAGO TRUST Co NA 0.13% 15,591 $787K
17 626 Financial, LLC 0.11% 4,876 $246K
18 Discipline Wealth Solutions, LLC 0.11% 19,826 $1.0M
19 LeClair Wealth Partners LLC 0.10% 5,826 $294K
20 Blue Water Asset Management 0.10% 5,826 $294K
21 LVM CAPITAL MANAGEMENT LTD/MI 0.07% 13,977 $706K
22 Strategies Wealth Advisors, LLC 0.06% 11,100 $561K
23 GSA CAPITAL PARTNERS LLP 0.05% 14,922 —
24 Inspire Investing, LLC 0.04% 10,160 $513K
25 DGS Capital Management, LLC 0.04% 4,676 $236K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — MERCANTILE BK CORP (MBWM)

What does the Smart Money Trend signal show for MBWM?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their MBWM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MBWM?

More sellers than buyers — 42% buying: Last quarter: 105 funds reduced or exited vs 77 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for MBWM holders?

Elite ownership — 52% AUM from top-100 funds: 46 of 190 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in MBWM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held MBWM?

63% of holders stayed for 2+ years: 120 out of 190 hedge funds have held MBWM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.