Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
66 hedge funds and large institutions have $74M invested in Mackinac Financial Corporation in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
13% more capital invested
Capital invested by funds: $65.4M → $74M (+$8.57M)
3% more funds holding
Funds holding: 64 → 66 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$2.37M |
| 2 |
BlackRock
New York
|
+$935K |
| 3 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$582K |
| 4 |
Goldman Sachs
New York
|
+$328K |
| 5 |
WC
Walthausen & Co
Malta,
New York
|
+$237K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$1.89M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$523K |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$299K |
| 4 |
ZCM
Zebra Capital Management
Stamford,
Connecticut
|
-$172K |
| 5 |
State Street
Boston,
Massachusetts
|
-$160K |
MFNC Hedge Fund Activity: Q1 2021 in Review
66 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q1 2021, worth a combined $74M — up 13% from $65.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MFNC positions and 4 closed out — a net gain of 2 holders — while 21 added to existing stakes and 18 trimmed.
The largest buyer was Stifel Financial, opening a new position worth an estimated $2.37M. The largest seller was FJ Capital Management, cutting an estimated $1.89M.
- 66 institutional investors held Mackinac Financial Corporation (MFNC) as of Q1 2021, up from 64 in Q4 2020.
- Funds reported $74M of Mackinac Financial Corporation stock for Q1 2021, up 13% quarter-over-quarter.
- 6 funds opened new Mackinac Financial Corporation positions in Q1 2021 and 4 closed out, a net change of +2 holders.
- The largest Mackinac Financial Corporation buyer in Q1 2021 was Stifel Financial, an estimated $2.37M added.
- The largest Mackinac Financial Corporation seller in Q1 2021 was FJ Capital Management, an estimated $1.89M sold.
Based on aggregated 13F filings for Q1 2021.