Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
71 hedge funds and large institutions have $97.7M invested in Mackinac Financial Corporation in 2021 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 11 increasing their positions, 27 reducing their positions, and 18 closing their positions.
32% more capital invested
Capital invested by funds: $74M → $97.7M (+$23.7M)
28% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 18
8% more funds holding
Funds holding: 66 → 71 (+5)
59% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$8.86M |
| 2 |
Millennium Management
New York
|
+$5.82M |
| 3 |
E
Ergoteles
New York
|
+$2.85M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$2.68M |
| 5 |
PCM
Prelude Capital Management
New York
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$11.7M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$7.75M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
-$7.36M |
| 4 |
State Street
Boston,
Massachusetts
|
-$2.48M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$2.03M |
MFNC Hedge Fund Activity: Q2 2021 in Review
71 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q2 2021, worth a combined $97.7M — up 32% from $74M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new MFNC positions and 18 closed out — a net gain of 5 holders — while 11 added to existing stakes and 27 trimmed.
The largest buyer was Tudor Investment Corp, opening a new position worth an estimated $8.86M. The largest seller was BlackRock, cutting an estimated $11.7M.
- 71 institutional investors held Mackinac Financial Corporation (MFNC) as of Q2 2021, up from 66 in Q1 2021.
- Funds reported $97.7M of Mackinac Financial Corporation stock for Q2 2021, up 32% quarter-over-quarter.
- 23 funds opened new Mackinac Financial Corporation positions in Q2 2021 and 18 closed out, a net change of +5 holders.
- The largest Mackinac Financial Corporation buyer in Q2 2021 was Tudor Investment Corp, an estimated $8.86M added.
- The largest Mackinac Financial Corporation seller in Q2 2021 was BlackRock, an estimated $11.7M sold.
Based on aggregated 13F filings for Q2 2021.