Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$511K |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$226K |
| 3 |
ZCM
Zebra Capital Management
Stamford,
Connecticut
|
+$135K |
| 4 |
WC
Walthausen & Co
Malta,
New York
|
+$128K |
| 5 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$107K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
-$703K |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$515K |
| 3 |
JAM
Jacobs Asset Management
New York
|
-$410K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$159K |
| 5 |
Renaissance Technologies
New York
|
-$123K |
MFNC Hedge Fund Activity: Q3 2020 in Review
62 of the 4,957 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.