FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC.
FFNM
FFNM was delisted on the 24th of December, 2015.
12 hedge funds and large institutions have $4.25M invested in FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. in 2015 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 3 closing their positions.
14% more capital invested
Capital invested by funds: $3.73M → $4.25M (+$515K)
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
14% less funds holding
Funds holding: 14 → 12 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$202K |
| 2 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
+$136K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$642 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$75K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$27.5K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$16K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$12K |
| 5 |
Morgan Stanley
New York
|
-$2.25K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GJL
1
Gendell Jeffrey L
| $1.6M | +$202K | +35,850 | +15% |
|
|
SV
2
Stilwell Value
New York
| $809K | +$765K | +135,900 | New |
|
3
Dimensional Fund Advisors
Austin,
Texas
| $784K | – | – | – |
|
4
William Blair & Company
Chicago,
Illinois
| $424K | – | – | – |
|
|
AF
5
Aegis Financial
Mc Lean,
Virginia
| $212K | – | – | – |
|
|
BIG
6
Blackthorn Investment Group
Overland Park,
Kansas
| $144K | +$136K | +24,200 | New |
|
7
California Public Employees Retirement System
Sacramento,
California
| $114K | – | – | – |
|
|
8
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $73K | -$27.5K | -4,892 | -29% |
|
|
CC
9
Courier Capital
Buffalo,
New York
| $60K | – | – | – |
|
|
10
Morgan Stanley
New York
| $20K | -$2.25K | -400 | -11% |
|
|
TRCT
11
Tower Research Capital (TRC)
New York
| $3K | +$642 | +114 | +36% |
|
|
FIMG
12
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$75K | -13,721 | Closed |
|
|
13
UBS Group
Zurich,
Switzerland
| – | -$16K | -2,827 | Closed |
|
|
14
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$12K | -2,239 | Closed |
|
FFNM Hedge Fund Activity: Q1 2015 in Review
12 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. (FFNM) for Q1 2015, worth a combined $4.25M — up 14% from $3.73M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FFNM and 2 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 2 added.
The largest buyer was Gendell Jeffrey L, adding an estimated $202K. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $75K sold.
- 12 institutional investors held FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. (FFNM) as of Q1 2015, down from 14 in Q4 2014.
- Funds reported $4.25M of FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. stock for Q1 2015, up 14% quarter-over-quarter.
- 2 funds opened new FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. positions in Q1 2015 and 3 closed out, a net change of -1 holder.
- The largest FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. buyer in Q1 2015 was Gendell Jeffrey L, an estimated $202K added.
- The largest FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. seller in Q1 2015 was Financial & Investment Management Group, an estimated $75K sold.
Based on aggregated 13F filings for Q1 2015.