Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
24 hedge funds and large institutions have $24.8M invested in Mackinac Financial Corporation in 2017 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 1 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
8% less funds holding
Funds holding: 26 → 24 (-2)
9% less capital invested
Capital invested by funds: $27.4M → $24.8M (-$2.55M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.03M |
| 2 |
GJL
Gendell Jeffrey L
|
+$481K |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$132K |
| 4 |
NGA
Naples Global Advisors
Naples,
Florida
|
+$83.7K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$41.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$803K |
| 2 |
Renaissance Technologies
New York
|
-$243K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$174K |
| 4 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
-$13.8K |
| 5 |
Morgan Stanley
New York
|
-$8.12K |
MFNC Hedge Fund Activity: Q2 2017 in Review
24 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q2 2017, worth a combined $24.8M — down 9.3% from $27.4M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of MFNC and 0 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 11 added.
The largest buyer was Kennedy Capital Management, adding an estimated $1.03M. The largest seller was Wellington Management Group, cutting an estimated $803K.
- 24 institutional investors held Mackinac Financial Corporation (MFNC) as of Q2 2017, down from 26 in Q1 2017.
- Funds reported $24.8M of Mackinac Financial Corporation stock for Q2 2017, down 9.3% quarter-over-quarter.
- 0 funds opened new Mackinac Financial Corporation positions in Q2 2017 and 1 closed out, a net change of -1 holder.
- The largest Mackinac Financial Corporation buyer in Q2 2017 was Kennedy Capital Management, an estimated $1.03M added.
- The largest Mackinac Financial Corporation seller in Q2 2017 was Wellington Management Group, an estimated $803K sold.
Based on aggregated 13F filings for Q2 2017.