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MFNC

Mackinac Financial Corporation
MFNC

Delisted

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

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38 hedge funds and large institutions have $79.7M invested in Mackinac Financial Corporation in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 9

2% more capital invested

Capital invested by funds: $78.1M → $79.7M (+$1.58M)

5% less funds holding

Funds holding: 40 → 38 (-2)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
38
Holders Change
-2
Holders Change %
-5%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
15
Reduced
9
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FCM
FJ Capital Management
Virginia
+$3.05M
2
BCM
BHZ Capital Management
California
+$1.7M
3
CP
Clover Partners
Texas
+$974K
4
Northern Trust
Northern Trust
Illinois
+$199K
5
Deutsche Bank
Deutsche Bank
Germany
+$152K

Top Sellers

Rank Fund Capital Flow
1
CCM
Castine Capital Management
Massachusetts
-$3.98M
2
RA
Raffles Associates
New York
-$228K
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$212K
4
VF
Virtu Financial
New York
-$169K
5
MI
M3F Inc
Utah
-$135K
Name Holding Trade Value Shares
Change 		Change in
Stake
EM
26
ELCO Management
New York
$326K -$6.03K -365 -2%
MCA
27
Mendon Capital Advisors
Florida
$326K -$6.03K -365 -2%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$323K – – –
NGA
29
Naples Global Advisors
Florida
$323K – – –
CC
30
Courier Capital
New York
$301K – – –
Creative Planning
31
Creative Planning
Kansas
$232K – – –
LSV Asset Management
32
LSV Asset Management
Illinois
$223K – – –
Northern Trust
33
Northern Trust
Illinois
$195K +$199K +12,041 New
Morgan Stanley
34
Morgan Stanley
New York
$177K +$13.7K +831 +8%
UBS Group
35
UBS Group
Switzerland
$74K +$3.04K +184 +4%
TRCT
36
Tower Research Capital (TRC)
New York
$62K +$38.9K +2,355 +161%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$38K +$12.6K +766 +48%
Bank of America
38
Bank of America
North Carolina
$17K +$330 +20 +2%
Acadian Asset Management
39
Acadian Asset Management
Massachusetts
$13K -$21.2K -1,286 -62%
CCM
40
Castine Capital Management
Massachusetts
– -$3.98M -240,000 Closed
VF
41
Virtu Financial
New York
– -$169K -10,203 Closed
SEI Investments
42
SEI Investments
Pennsylvania
– -$5K -288 Closed
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
– -$3K -200 Closed
1
2

MFNC Hedge Fund Activity: Q3 2018 in Review

38 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q3 2018, worth a combined $79.7M — up 2% from $78.1M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of MFNC and 2 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 15 added.

The largest buyer was FJ Capital Management, adding an estimated $3.05M. The largest seller was Castine Capital Management, exiting entirely with an estimated $3.98M sold.

  • 38 institutional investors held Mackinac Financial Corporation (MFNC) as of Q3 2018, down from 40 in Q2 2018.
  • Funds reported $79.7M of Mackinac Financial Corporation stock for Q3 2018, up 2% quarter-over-quarter.
  • 2 funds opened new Mackinac Financial Corporation positions in Q3 2018 and 4 closed out, a net change of -2 holders.
  • The largest Mackinac Financial Corporation buyer in Q3 2018 was FJ Capital Management, an estimated $3.05M added.
  • The largest Mackinac Financial Corporation seller in Q3 2018 was Castine Capital Management, an estimated $3.98M sold.

Based on aggregated 13F filings for Q3 2018.