Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
+$4.46M |
| 2 |
Millennium Management
New York
|
+$1.14M |
| 3 |
WC
Walthausen & Co
Malta,
New York
|
+$460K |
| 4 |
MCM
Maltese Capital Management
New York
|
+$457K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$385K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$4.09M |
| 2 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
-$1.31M |
| 3 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$888K |
| 4 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$659K |
| 5 |
SCM
Shoals Capital Management
Arlington,
Virginia
|
-$546K |
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.