FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC.
FFNM
FFNM was delisted on the 24th of December, 2015.
2 hedge funds and large institutions have $732K invested in FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. in 2016 Q2 according to their latest regulatory filings, with funds opening new positions, 0 increasing their positions, reducing their positions, and 1 closing their positions.
33% less funds holding
Funds holding: 3 → 2 (-1)
74% less capital invested
Capital invested by funds: $2.8M → $732K (-$2.07M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
-$2.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
William Blair & Company
Chicago,
Illinois
| $488K | – | – | – |
|
|
AF
2
Aegis Financial
Mc Lean,
Virginia
| $244K | – | – | – |
|
|
GJL
3
Gendell Jeffrey L
| – | -$2.04M | -284,258 | Closed |
|
FFNM Hedge Fund Activity: Q2 2016 in Review
2 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. (FFNM) for Q2 2016, worth a combined $732K — down 74% from $2.8M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of FFNM and 0 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 0 added.
The largest seller was Gendell Jeffrey L, exiting entirely with an estimated $2.04M sold.
- 2 institutional investors held FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. (FFNM) as of Q2 2016, down from 3 in Q1 2016.
- Funds reported $732K of FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. stock for Q2 2016, down 74% quarter-over-quarter.
- 0 funds opened new FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. positions in Q2 2016 and 1 closed out, a net change of -1 holder.
- The largest FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. seller in Q2 2016 was Gendell Jeffrey L, an estimated $2.04M sold.
Based on aggregated 13F filings for Q2 2016.