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MFNC

Mackinac Financial Corporation
MFNC

Delisted

MFNC was delisted on the 3rd of September, 2021.

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40 hedge funds and large institutions have $78.1M invested in Mackinac Financial Corporation in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 14 increasing their positions, 3 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 2

367% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 3

146% more capital invested

Capital invested by funds: $31.7M → $78.1M (+$46.4M)

67% more funds holding

Funds holding: 24 → 40 (+16)

Holders
40
Holders Change
+16
Holders Change %
+66.67%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
14
Reduced
3
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
+$7.8M
2
FCM
FJ Capital Management
Virginia
+$4.82M
3
CRC
Curi RMB Capital
Illinois
+$4.79M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$4.16M
5
CCM
Castine Capital Management
Massachusetts
+$3.84M

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$2.68M
2
RA
Raffles Associates
New York
-$309K
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$188K
4
HR
Howe & Rusling
New York
-$23K
5
UBS Group
UBS Group
Switzerland
-$2.33K
Name Holding Trade Value Shares
Change 		Change in
Stake
NGA
26
Naples Global Advisors
Florida
$331K +$40K +2,500 +14%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$331K +$320K +19,994 New
BlackRock
28
BlackRock
New York
$322K +$284K +17,772 +1,095%
CC
29
Courier Capital
New York
$308K +$297K +18,587 New
Creative Planning
30
Creative Planning
Kansas
$238K +$229K +14,343 New
LSV Asset Management
31
LSV Asset Management
Illinois
$228K – – –
VF
32
Virtu Financial
New York
$169K +$163K +10,203 New
Morgan Stanley
33
Morgan Stanley
New York
$167K +$159K +9,930 +7,638%
UBS Group
34
UBS Group
Switzerland
$73K -$2.33K -146 -3%
Acadian Asset Management
35
Acadian Asset Management
Massachusetts
$34K +$4.77K +298 +17%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$27K +$25.6K +1,603 +160,300%
TRCT
37
Tower Research Capital (TRC)
New York
$24K +$21.8K +1,360 +1,360%
Bank of America
38
Bank of America
North Carolina
$17K – – –
SEI Investments
39
SEI Investments
Pennsylvania
$5K +$4.61K +288 New
Fifth Third Bancorp
40
Fifth Third Bancorp
Ohio
$3K – – –
BFC
41
Banc Funds Company
Illinois
– -$2.68M -165,035 Closed
HR
42
Howe & Rusling
New York
– -$23K -1,389 Closed
1
2

MFNC Hedge Fund Activity: Q2 2018 in Review

40 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q2 2018, worth a combined $78.1M — up 146% from $31.7M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new MFNC positions and 2 closed out — a net gain of 16 holders — while 14 added to existing stakes and 3 trimmed.

The largest buyer was EJF Capital, opening a new position worth an estimated $7.8M. The largest seller was Banc Funds Company, exiting entirely with an estimated $2.68M sold.

  • 40 institutional investors held Mackinac Financial Corporation (MFNC) as of Q2 2018, up from 24 in Q1 2018.
  • Funds reported $78.1M of Mackinac Financial Corporation stock for Q2 2018, up 146% quarter-over-quarter.
  • 18 funds opened new Mackinac Financial Corporation positions in Q2 2018 and 2 closed out, a net change of +16 holders.
  • The largest Mackinac Financial Corporation buyer in Q2 2018 was EJF Capital, an estimated $7.8M added.
  • The largest Mackinac Financial Corporation seller in Q2 2018 was Banc Funds Company, an estimated $2.68M sold.

Based on aggregated 13F filings for Q2 2018.