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MFNC

Mackinac Financial Corporation
MFNC

Delisted

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

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62 hedge funds and large institutions have $50.4M invested in Mackinac Financial Corporation in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 27 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less funds holding

Funds holding: 64 → 62 (-2)

9% less capital invested

Capital invested by funds: $55.4M → $50.4M (-$4.96M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

56% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 27

Holders
62
Holders Change
-2
Holders Change %
-3.13%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
12
Reduced
27
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KCM
Kennedy Capital Management
Missouri
+$511K
2
Russell Investments Group
Russell Investments Group
United Kingdom
+$226K
3
ZCM
Zebra Capital Management
Connecticut
+$135K
4
WC
Walthausen & Co
New York
+$128K
5
FL
Fourthstone LLC
Missouri
+$107K

Top Sellers

Rank Fund Capital Flow
1
CCP
Clarkston Capital Partners
Michigan
-$703K
2
SCA
Stieven Capital Advisors
Missouri
-$515K
3
JAM
Jacobs Asset Management
New York
-$410K
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$159K
5
Renaissance Technologies
Renaissance Technologies
New York
-$123K
Name Holding Trade Value Shares
Change 		Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$227K -$123K -12,800 -35%
Russell Investments Group
27
Russell Investments Group
United Kingdom
$226K +$226K +23,475 New
Wellington Management Group
28
Wellington Management Group
Massachusetts
$222K -$24.6K -2,550 -10%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$220K – – –
Charles Schwab
30
Charles Schwab
California
$214K – – –
N
31
Nuveen
North Carolina
$204K – – –
CC
32
Courier Capital
New York
$201K – – –
PAM
33
Panagora Asset Management
Massachusetts
$183K – – –
GT
34
Greenleaf Trust
Michigan
$167K – – –
Morgan Stanley
35
Morgan Stanley
New York
$156K -$17.7K -1,832 -10%
Acadian Asset Management
36
Acadian Asset Management
Massachusetts
$151K -$5.28K -548 -3%
Goldman Sachs
37
Goldman Sachs
New York
$151K -$251 -26 -0.2%
William Blair & Company
38
William Blair & Company
Illinois
$141K – – –
Barclays
39
Barclays
United Kingdom
$140K -$8.86K -920 -6%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$139K – – –
OSAM
41
O'Shaughnessy Asset Management
Connecticut
$137K +$1.68K +174 +1%
ZCM
42
Zebra Capital Management
Connecticut
$135K +$135K +14,011 New
Creative Planning
43
Creative Planning
Kansas
$129K -$9.25K -960 -7%
TCWM
44
Total Clarity Wealth Management
Illinois
$128K -$5.78K -600 -4%
NGA
45
Naples Global Advisors
Florida
$126K -$21.2K -2,200 -14%
SC
46
Steph & Co
Wisconsin
$126K – – –
FL
47
Fourthstone LLC
Missouri
$107K +$107K +11,121 New
TRCT
48
Tower Research Capital (TRC)
New York
$97K +$81.2K +8,424 +516%
SO
49
STRS Ohio
Ohio
$96K – – –
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$91K – – –
1
2
3

MFNC Hedge Fund Activity: Q3 2020 in Review

62 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q3 2020, worth a combined $50.4M — down 9% from $55.4M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of MFNC and 4 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 12 added.

The largest buyer was Kennedy Capital Management, adding an estimated $511K. The largest seller was Clarkston Capital Partners, cutting an estimated $703K.

  • 62 institutional investors held Mackinac Financial Corporation (MFNC) as of Q3 2020, down from 64 in Q2 2020.
  • Funds reported $50.4M of Mackinac Financial Corporation stock for Q3 2020, down 9% quarter-over-quarter.
  • 4 funds opened new Mackinac Financial Corporation positions in Q3 2020 and 6 closed out, a net change of -2 holders.
  • The largest Mackinac Financial Corporation buyer in Q3 2020 was Kennedy Capital Management, an estimated $511K added.
  • The largest Mackinac Financial Corporation seller in Q3 2020 was Clarkston Capital Partners, an estimated $703K sold.

Based on aggregated 13F filings for Q3 2020.