Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
62 hedge funds and large institutions have $56.3M invested in Mackinac Financial Corporation in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
5% more funds holding
Funds holding: 59 → 62 (+3)
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
42% less capital invested
Capital invested by funds: $97.2M → $56.3M (-$40.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$564K |
| 2 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
+$330K |
| 3 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$318K |
| 4 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
+$281K |
| 5 |
WC
Walthausen & Co
Malta,
New York
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$1.7M |
| 2 |
GJL
Gendell Jeffrey L
|
-$1.05M |
| 3 |
JAM
Jacobs Asset Management
New York
|
-$787K |
| 4 |
Renaissance Technologies
New York
|
-$325K |
| 5 |
William Blair & Company
Chicago,
Illinois
|
-$287K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Barclays
London,
United Kingdom
| $37K | -$81.7K | -5,736 | -61% |
|
52
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $30K | -$91.6K | -6,437 | -69% |
|
53
Citigroup
New York
| $30K | +$14.7K | +1,034 | +56% |
|
54
BNP Paribas Financial Markets
Paris,
France
| $29.6K | +$9.05K | +636 | +29% |
|
55
Royal Bank of Canada
Toronto,
Ontario, Canada
| $24K | +$21.9K | +1,541 | +188% |
|
56
Legal & General Group
London,
United Kingdom
| $12K | -$5.52K | -388 | -24% |
|
|
MAM
57
Meeder Asset Management
Dublin,
Ohio
| $11K | +$10K | +705 | +235% |
|
|
AIP
58
Ameritas Investment Partners
Lincoln,
Nebraska
| $8K | – | – | – |
|
|
CTC
59
Central Trust Company
Jefferson City,
Missouri
| $2K | – | – | – |
|
60
Canada Life
Winnipeg,
Manitoba, Canada
| $2K | +$811 | +57 | +48% |
|
|
CAW
61
Cornerstone Advisors (Washington)
Bellevue,
Washington
| $1K | +$1.07K | +75 | New |
|
62
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$20K | -1,170 | Closed |
|
63
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$5K | -278 | Closed |
|
64
Osaic Holdings
Scottsdale,
Arizona
| – | +$71 | +5 | New |
|
MFNC Hedge Fund Activity: Q1 2020 in Review
62 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q1 2020, worth a combined $56.3M — down 42% from $97.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MFNC positions and 2 closed out — a net gain of 4 holders — while 23 added to existing stakes and 21 trimmed.
The largest buyer was Kennedy Capital Management, adding an estimated $564K. The largest seller was Stieven Capital Advisors, cutting an estimated $1.7M.
- 62 institutional investors held Mackinac Financial Corporation (MFNC) as of Q1 2020, up from 59 in Q4 2019.
- Funds reported $56.3M of Mackinac Financial Corporation stock for Q1 2020, down 42% quarter-over-quarter.
- 6 funds opened new Mackinac Financial Corporation positions in Q1 2020 and 2 closed out, a net change of +4 holders.
- The largest Mackinac Financial Corporation buyer in Q1 2020 was Kennedy Capital Management, an estimated $564K added.
- The largest Mackinac Financial Corporation seller in Q1 2020 was Stieven Capital Advisors, an estimated $1.7M sold.
Based on aggregated 13F filings for Q1 2020.