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MFNC

Mackinac Financial Corporation
MFNC

Delisted

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

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47 hedge funds and large institutions have $79.5M invested in Mackinac Financial Corporation in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 9

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

15% more capital invested

Capital invested by funds: $69.2M → $79.5M (+$10.3M)

9% more funds holding

Funds holding: 43 → 47 (+4)

Holders
47
Holders Change
+4
Holders Change %
+9.3%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
17
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JAM
Jacobs Asset Management
New York
+$4.46M
2
Millennium Management
Millennium Management
New York
+$1.14M
3
WC
Walthausen & Co
New York
+$460K
4
MCM
Maltese Capital Management
New York
+$457K
5
BCM
Bridgeway Capital Management
Texas
+$385K

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$4.09M
2
MIM
Monashee Investment Management
Massachusetts
-$1.31M
3
RCAG
Rehmann Capital Advisory Group
Michigan
-$888K
4
MI
M3F Inc
Utah
-$659K
5
SCM
Shoals Capital Management
Virginia
-$546K
Name Holding Trade Value Shares
Change 		Change in
Stake
State Street
26
State Street
Massachusetts
$376K +$137K +8,931 +60%
BlackRock
27
BlackRock
New York
$345K +$23.2K +1,508 +7%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$324K +$9.29K +604 +3%
TEE
29
Tibra Equities Europe
United Kingdom
$321K +$313K +20,366 New
ECM
30
ExodusPoint Capital Management
New York
$315K +$308K +20,010 New
NGA
31
Naples Global Advisors
Florida
$299K -$3.08K -200 -1%
CC
32
Courier Capital
New York
$293K – – –
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$246K +$241K +15,655 New
BCM
34
BlueCrest Capital Management
Jersey
$231K +$226K +14,680 New
Creative Planning
35
Creative Planning
Kansas
$226K – – –
Northern Trust
36
Northern Trust
Illinois
$220K +$30.5K +1,980 +16%
LSV Asset Management
37
LSV Asset Management
Illinois
$217K – – –
Morgan Stanley
38
Morgan Stanley
New York
$189K +$24.1K +1,568 +15%
Wells Fargo
39
Wells Fargo
California
$167K +$41.5K +2,701 +34%
Barclays
40
Barclays
United Kingdom
$110K +$108K +7,003 New
Bank of America
41
Bank of America
North Carolina
$64K +$45.5K +2,960 +273%
Acadian Asset Management
42
Acadian Asset Management
Massachusetts
$62K +$48.4K +3,146 +404%
UBS Group
43
UBS Group
Switzerland
$61K -$12.5K -813 -17%
Citigroup
44
Citigroup
New York
$53K +$52K +3,379 New
JP Morgan Chase
45
JP Morgan Chase
New York
$45K +$44K +2,863 New
TRCT
46
Tower Research Capital (TRC)
New York
$39K -$20.5K -1,336 -35%
RCAG
47
Rehmann Capital Advisory Group
Michigan
$4.08K -$888K -57,751 -100%
CRC
48
Curi RMB Capital
Illinois
– -$4.09M -299,582 Closed
MIM
49
Monashee Investment Management
Massachusetts
– -$1.31M -96,257 Closed
SCM
50
Shoals Capital Management
Virginia
– -$546K -40,000 Closed
1
2
3

MFNC Hedge Fund Activity: Q1 2019 in Review

47 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q1 2019, worth a combined $79.5M — up 15% from $69.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MFNC positions and 6 closed out — a net gain of 4 holders — while 17 added to existing stakes and 9 trimmed.

The largest buyer was Jacobs Asset Management, adding an estimated $4.46M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $4.09M sold.

  • 47 institutional investors held Mackinac Financial Corporation (MFNC) as of Q1 2019, up from 43 in Q4 2018.
  • Funds reported $79.5M of Mackinac Financial Corporation stock for Q1 2019, up 15% quarter-over-quarter.
  • 10 funds opened new Mackinac Financial Corporation positions in Q1 2019 and 6 closed out, a net change of +4 holders.
  • The largest Mackinac Financial Corporation buyer in Q1 2019 was Jacobs Asset Management, an estimated $4.46M added.
  • The largest Mackinac Financial Corporation seller in Q1 2019 was Curi RMB Capital, an estimated $4.09M sold.

Based on aggregated 13F filings for Q1 2019.