Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
16 hedge funds and large institutions have $18.1M invested in Mackinac Financial Corporation in 2016 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 3 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
11% less capital invested
Capital invested by funds: $20.4M → $18.1M (-$2.22M)
11% less funds holding
Funds holding: 18 → 16 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.51M |
| 2 |
RA
Raffles Associates
New York
|
+$528K |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$370K |
| 4 |
SV
Stilwell Value
New York
|
+$370K |
| 5 |
Morgan Stanley
New York
|
+$48.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$3.87M |
| 2 |
Goldman Sachs
New York
|
-$149K |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$129K |
| 4 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
-$32.8K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$22K |
MFNC Hedge Fund Activity: Q1 2016 in Review
16 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q1 2016, worth a combined $18.1M — down 11% from $20.4M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of MFNC and 1 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 5 added.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $1.51M. The largest seller was Elizabeth Park Capital Advisors, exiting entirely with an estimated $3.87M sold.
- 16 institutional investors held Mackinac Financial Corporation (MFNC) as of Q1 2016, down from 18 in Q4 2015.
- Funds reported $18.1M of Mackinac Financial Corporation stock for Q1 2016, down 11% quarter-over-quarter.
- 1 fund opened new Mackinac Financial Corporation positions in Q1 2016 and 3 closed out, a net change of -2 holders.
- The largest Mackinac Financial Corporation buyer in Q1 2016 was Manulife (Manufacturers Life Insurance), an estimated $1.51M added.
- The largest Mackinac Financial Corporation seller in Q1 2016 was Elizabeth Park Capital Advisors, an estimated $3.87M sold.
Based on aggregated 13F filings for Q1 2016.