Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
64 hedge funds and large institutions have $55.4M invested in Mackinac Financial Corporation in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
3% more funds holding
Funds holding: 62 → 64 (+2)
2% less capital invested
Capital invested by funds: $56.3M → $55.4M (-$872K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$310K |
| 2 |
JP Morgan Chase
New York
|
+$248K |
| 3 |
WC
Walthausen & Co
Malta,
New York
|
+$160K |
| 4 |
Goldman Sachs
New York
|
+$155K |
| 5 |
BlackRock
New York
|
+$134K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$490K |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$350K |
| 3 |
Renaissance Technologies
New York
|
-$273K |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$250K |
| 5 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$234K |
MFNC Hedge Fund Activity: Q2 2020 in Review
64 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q2 2020, worth a combined $55.4M — down 1.5% from $56.3M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MFNC positions and 3 closed out — a net gain of 2 holders — while 21 added to existing stakes and 17 trimmed.
The largest buyer was State Street, adding an estimated $310K. The largest seller was Jacobs Asset Management, cutting an estimated $490K.
- 64 institutional investors held Mackinac Financial Corporation (MFNC) as of Q2 2020, up from 62 in Q1 2020.
- Funds reported $55.4M of Mackinac Financial Corporation stock for Q2 2020, down 1.5% quarter-over-quarter.
- 5 funds opened new Mackinac Financial Corporation positions in Q2 2020 and 3 closed out, a net change of +2 holders.
- The largest Mackinac Financial Corporation buyer in Q2 2020 was State Street, an estimated $310K added.
- The largest Mackinac Financial Corporation seller in Q2 2020 was Jacobs Asset Management, an estimated $490K sold.
Based on aggregated 13F filings for Q2 2020.