FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC.
FFNM
FFNM was delisted on the 24th of December, 2015.
10 hedge funds and large institutions have $2.8M invested in FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. in 2013 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 2 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
3% more capital invested
Capital invested by funds: $2.71M → $2.8M (+$90K)
17% less funds holding
Funds holding: 12 → 10 (-2)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
+$132K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$25K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$3.68K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$75.2K |
| 2 |
CC
Courier Capital
Buffalo,
New York
|
-$44K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIMG
1
Financial & Investment Management Group
Traverse City,
Michigan
| $807K | -$75.2K | -17,301 | -9% |
|
|
GJL
2
Gendell Jeffrey L
| $628K | – | – | – |
|
3
Dimensional Fund Advisors
Austin,
Texas
| $613K | – | – | – |
|
|
4
William Blair & Company
Chicago,
Illinois
| $337K | +$132K | +30,272 | +66% |
|
|
AF
5
Aegis Financial
Mc Lean,
Virginia
| $158K | – | – | – |
|
|
6
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $118K | +$25K | +5,747 | +28% |
|
7
California Public Employees Retirement System
Sacramento,
California
| $89K | – | – | – |
|
8
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $45K | – | – | – |
|
|
U
9
UBS
Zurich,
Switzerland
| $8K | +$3.68K | +847 | +95% |
|
|
CC
10
Courier Capital
Buffalo,
New York
| – | -$44K | -10,000 | Closed |
|
|
TRCT
11
Tower Research Capital (TRC)
New York
| – | -$1K | -162 | Closed |
|
FFNM Hedge Fund Activity: Q3 2013 in Review
10 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. (FFNM) for Q3 2013, worth a combined $2.8M — up 3.3% from $2.71M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FFNM and 0 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 3 added.
The largest buyer was William Blair & Company, adding an estimated $132K. The largest seller was Financial & Investment Management Group, cutting an estimated $75.2K.
- 10 institutional investors held FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. (FFNM) as of Q3 2013, down from 12 in Q2 2013.
- Funds reported $2.8M of FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. stock for Q3 2013, up 3.3% quarter-over-quarter.
- 0 funds opened new FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. positions in Q3 2013 and 2 closed out, a net change of -2 holders.
- The largest FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. buyer in Q3 2013 was William Blair & Company, an estimated $132K added.
- The largest FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. seller in Q3 2013 was Financial & Investment Management Group, an estimated $75.2K sold.
Based on aggregated 13F filings for Q3 2013.