Mackinac Financial Corporation
MFNC
MFNC was delisted on the 3rd of September, 2021.
43 hedge funds and large institutions have $69.2M invested in Mackinac Financial Corporation in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
13% more funds holding
Funds holding: 38 → 43 (+5)
13% less capital invested
Capital invested by funds: $79.7M → $69.2M (-$10.5M)
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
+$1.44M |
| 2 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$869K |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$752K |
| 4 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$677K |
| 5 |
State Street
Boston,
Massachusetts
|
+$224K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ativo Capital Management
Chicago,
Illinois
|
-$1.03M |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$277K |
| 3 |
Renaissance Technologies
New York
|
-$218K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$200K |
| 5 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$118K |
MFNC Hedge Fund Activity: Q4 2018 in Review
43 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q4 2018, worth a combined $69.2M — down 13% from $79.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MFNC positions and 2 closed out — a net gain of 5 holders — while 6 added to existing stakes and 13 trimmed.
The largest buyer was Monashee Investment Management, opening a new position worth an estimated $1.44M. The largest seller was Ativo Capital Management, exiting entirely with an estimated $1.03M sold.
- 43 institutional investors held Mackinac Financial Corporation (MFNC) as of Q4 2018, up from 38 in Q3 2018.
- Funds reported $69.2M of Mackinac Financial Corporation stock for Q4 2018, down 13% quarter-over-quarter.
- 7 funds opened new Mackinac Financial Corporation positions in Q4 2018 and 2 closed out, a net change of +5 holders.
- The largest Mackinac Financial Corporation buyer in Q4 2018 was Monashee Investment Management, an estimated $1.44M added.
- The largest Mackinac Financial Corporation seller in Q4 2018 was Ativo Capital Management, an estimated $1.03M sold.
Based on aggregated 13F filings for Q4 2018.