Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
24 hedge funds and large institutions have $31.7M invested in Mackinac Financial Corporation in 2018 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 3 reducing their positions, and 4 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 3
8% more capital invested
Capital invested by funds: $29.4M → $31.7M (+$2.33M)
4% less funds holding
Funds holding: 25 → 24 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ativo Capital Management
Chicago,
Illinois
|
+$1.03M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$905K |
| 3 |
GJL
Gendell Jeffrey L
|
+$732K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$684K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$172K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$989K |
| 2 |
BCM
BHZ Capital Management
San Jose,
California
|
-$473K |
| 3 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
-$340K |
| 4 |
AWCI
Alpine Woods Capital Investors
Purchase,
New York
|
-$186K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
-$23K |
MFNC Hedge Fund Activity: Q1 2018 in Review
24 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q1 2018, worth a combined $31.7M — up 7.9% from $29.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MFNC and 3 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 9 added.
The largest buyer was Ativo Capital Management, opening a new position worth an estimated $1.03M. The largest seller was Banc Funds Company, cutting an estimated $989K.
- 24 institutional investors held Mackinac Financial Corporation (MFNC) as of Q1 2018, down from 25 in Q4 2017.
- Funds reported $31.7M of Mackinac Financial Corporation stock for Q1 2018, up 7.9% quarter-over-quarter.
- 3 funds opened new Mackinac Financial Corporation positions in Q1 2018 and 4 closed out, a net change of -1 holder.
- The largest Mackinac Financial Corporation buyer in Q1 2018 was Ativo Capital Management, an estimated $1.03M added.
- The largest Mackinac Financial Corporation seller in Q1 2018 was Banc Funds Company, an estimated $989K sold.
Based on aggregated 13F filings for Q1 2018.