Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
38 hedge funds and large institutions have $79.7M invested in Mackinac Financial Corporation in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 4 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
2% more capital invested
Capital invested by funds: $78.1M → $79.7M (+$1.58M)
5% less funds holding
Funds holding: 40 → 38 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$3.05M |
| 2 |
BCM
BHZ Capital Management
San Jose,
California
|
+$1.7M |
| 3 |
CP
Clover Partners
Dallas,
Texas
|
+$974K |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$199K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$152K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$3.98M |
| 2 |
RA
Raffles Associates
New York
|
-$228K |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$212K |
| 4 |
VF
Virtu Financial
New York
|
-$169K |
| 5 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$135K |
MFNC Hedge Fund Activity: Q3 2018 in Review
38 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q3 2018, worth a combined $79.7M — up 2% from $78.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MFNC and 2 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 15 added.
The largest buyer was FJ Capital Management, adding an estimated $3.05M. The largest seller was Castine Capital Management, exiting entirely with an estimated $3.98M sold.
- 38 institutional investors held Mackinac Financial Corporation (MFNC) as of Q3 2018, down from 40 in Q2 2018.
- Funds reported $79.7M of Mackinac Financial Corporation stock for Q3 2018, up 2% quarter-over-quarter.
- 2 funds opened new Mackinac Financial Corporation positions in Q3 2018 and 4 closed out, a net change of -2 holders.
- The largest Mackinac Financial Corporation buyer in Q3 2018 was FJ Capital Management, an estimated $3.05M added.
- The largest Mackinac Financial Corporation seller in Q3 2018 was Castine Capital Management, an estimated $3.98M sold.
Based on aggregated 13F filings for Q3 2018.