FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC.
FFNM
FFNM was delisted on the 24th of December, 2015.
13 hedge funds and large institutions have $3.43M invested in FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. in 2013 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
30% more funds holding
Funds holding: 10 → 13 (+3)
22% more capital invested
Capital invested by funds: $2.8M → $3.43M (+$623K)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Courier Capital
Buffalo,
New York
|
+$48.8K |
| 2 |
Morgan Stanley
New York
|
+$4.88K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.51K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.17K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$976 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$35.9K |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$8K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.46K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIMG
1
Financial & Investment Management Group
Traverse City,
Michigan
| $943K | -$35.9K | -7,367 | -4% |
|
|
GJL
2
Gendell Jeffrey L
| $765K | – | – | – |
|
|
3
Dimensional Fund Advisors
Austin,
Texas
| $746K | -$1.46K | -300 | -0.2% |
|
4
William Blair & Company
Chicago,
Illinois
| $411K | – | – | – |
|
|
AF
5
Aegis Financial
Mc Lean,
Virginia
| $192K | – | – | – |
|
|
6
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $145K | +$1.17K | +239 | +0.9% |
|
7
California Public Employees Retirement System
Sacramento,
California
| $106K | – | – | – |
|
8
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $55K | – | – | – |
|
|
CC
9
Courier Capital
Buffalo,
New York
| $54K | +$48.8K | +10,000 | New |
|
|
10
Morgan Stanley
New York
| $5K | +$4.88K | +1,000 | New |
|
|
11
Bank of America
Charlotte,
North Carolina
| $3K | +$2.51K | +515 | New |
|
|
TRCT
12
Tower Research Capital (TRC)
New York
| $1K | +$976 | +200 | New |
|
|
U
13
UBS
Zurich,
Switzerland
| – | -$8K | -1,743 | Closed |
|
FFNM Hedge Fund Activity: Q4 2013 in Review
13 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. (FFNM) for Q4 2013, worth a combined $3.43M — up 22% from $2.8M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FFNM positions and 1 closed out — a net gain of 3 holders — while 1 added to existing stakes and 2 trimmed.
The largest buyer was Courier Capital, opening a new position worth an estimated $48.8K. The largest seller was Financial & Investment Management Group, cutting an estimated $35.9K.
- 13 institutional investors held FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. (FFNM) as of Q4 2013, up from 10 in Q3 2013.
- Funds reported $3.43M of FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. stock for Q4 2013, up 22% quarter-over-quarter.
- 4 funds opened new FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. positions in Q4 2013 and 1 closed out, a net change of +3 holders.
- The largest FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. buyer in Q4 2013 was Courier Capital, an estimated $48.8K added.
- The largest FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. seller in Q4 2013 was Financial & Investment Management Group, an estimated $35.9K sold.
Based on aggregated 13F filings for Q4 2013.