Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
64 hedge funds and large institutions have $65.4M invested in Mackinac Financial Corporation in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 24 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
30% more capital invested
Capital invested by funds: $50.4M → $65.4M (+$15M)
3% more funds holding
Funds holding: 62 → 64 (+2)
46% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$782K |
| 2 |
DA
Detalus Advisors
St. Louis,
Missouri
|
+$621K |
| 3 |
BlackRock
New York
|
+$434K |
| 4 |
Morgan Stanley
New York
|
+$169K |
| 5 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$1.45M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$644K |
| 3 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$329K |
| 4 |
JP Morgan Chase
New York
|
-$121K |
| 5 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$107K |
MFNC Hedge Fund Activity: Q4 2020 in Review
64 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q4 2020, worth a combined $65.4M — up 30% from $50.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MFNC positions and 4 closed out — a net gain of 3 holders — while 13 added to existing stakes and 24 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $782K. The largest seller was Jacobs Asset Management, exiting entirely with an estimated $1.45M sold.
- 64 institutional investors held Mackinac Financial Corporation (MFNC) as of Q4 2020, up from 62 in Q3 2020.
- Funds reported $65.4M of Mackinac Financial Corporation stock for Q4 2020, up 30% quarter-over-quarter.
- 7 funds opened new Mackinac Financial Corporation positions in Q4 2020 and 4 closed out, a net change of +3 holders.
- The largest Mackinac Financial Corporation buyer in Q4 2020 was Manulife (Manufacturers Life Insurance), an estimated $782K added.
- The largest Mackinac Financial Corporation seller in Q4 2020 was Jacobs Asset Management, an estimated $1.45M sold.
Based on aggregated 13F filings for Q4 2020.