Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
40 hedge funds and large institutions have $78.1M invested in Mackinac Financial Corporation in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 14 increasing their positions, 3 reducing their positions, and 2 closing their positions.
800% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 2
367% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 3
146% more capital invested
Capital invested by funds: $31.7M → $78.1M (+$46.4M)
67% more funds holding
Funds holding: 24 → 40 (+16)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$7.8M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$4.82M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$4.79M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.16M |
| 5 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$3.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.68M |
| 2 |
RA
Raffles Associates
New York
|
-$309K |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$188K |
| 4 |
HR
Howe & Rusling
Rochester,
New York
|
-$23K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$2.33K |
MFNC Hedge Fund Activity: Q2 2018 in Review
40 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q2 2018, worth a combined $78.1M — up 146% from $31.7M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new MFNC positions and 2 closed out — a net gain of 16 holders — while 14 added to existing stakes and 3 trimmed.
The largest buyer was EJF Capital, opening a new position worth an estimated $7.8M. The largest seller was Banc Funds Company, exiting entirely with an estimated $2.68M sold.
- 40 institutional investors held Mackinac Financial Corporation (MFNC) as of Q2 2018, up from 24 in Q1 2018.
- Funds reported $78.1M of Mackinac Financial Corporation stock for Q2 2018, up 146% quarter-over-quarter.
- 18 funds opened new Mackinac Financial Corporation positions in Q2 2018 and 2 closed out, a net change of +16 holders.
- The largest Mackinac Financial Corporation buyer in Q2 2018 was EJF Capital, an estimated $7.8M added.
- The largest Mackinac Financial Corporation seller in Q2 2018 was Banc Funds Company, an estimated $2.68M sold.
Based on aggregated 13F filings for Q2 2018.