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MFNC

Mackinac Financial Corporation
MFNC

Delisted

MFNC was delisted on the 3rd of September, 2021.

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47 hedge funds and large institutions have $79.5M invested in Mackinac Financial Corporation in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 9

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

15% more capital invested

Capital invested by funds: $69.2M → $79.5M (+$10.3M)

9% more funds holding

Funds holding: 43 → 47 (+4)

Holders
47
Holders Change
+4
Holders Change %
+9.3%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
17
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JAM
Jacobs Asset Management
New York
+$4.46M
2
Millennium Management
Millennium Management
New York
+$1.14M
3
WC
Walthausen & Co
New York
+$460K
4
MCM
Maltese Capital Management
New York
+$457K
5
BCM
Bridgeway Capital Management
Texas
+$385K

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$4.09M
2
MIM
Monashee Investment Management
Massachusetts
-$1.31M
3
RCAG
Rehmann Capital Advisory Group
Michigan
-$888K
4
MI
M3F Inc
Utah
-$659K
5
SCM
Shoals Capital Management
Virginia
-$546K
Name Holding Trade Value Shares
Change 		Change in
Stake
JAM
1
Jacobs Asset Management
New York
$8.19M +$4.46M +289,706 +126%
Manulife (Manufacturers Life Insurance)
2
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$7.7M +$31.3K +2,033 +0.4%
EC
3
EJF Capital
Virginia
$7.68M – – –
FCM
4
FJ Capital Management
Virginia
$7.52M -$6.23K -405 -0.1%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$7.02M +$237K +15,412 +4%
Vanguard Group
6
Vanguard Group
Pennsylvania
$6.06M +$3.08K +200 +0.1%
KCM
7
Kennedy Capital Management
Missouri
$4.56M -$153K -9,916 -3%
GJL
8
Gendell Jeffrey L
$4.08M – – –
SCA
9
Stieven Capital Advisors
Missouri
$3.88M +$10.8K +700 +0.3%
CCP
10
Clarkston Capital Partners
Michigan
$3.27M +$79.5K +5,172 +3%
MI
11
M3F Inc
Utah
$2.28M -$659K -42,835 -23%
CP
12
Clover Partners
Texas
$2.06M – – –
BCM
13
BHZ Capital Management
California
$1.53M -$51.9K -3,377 -3%
Millennium Management
14
Millennium Management
New York
$1.16M +$1.14M +73,902 New
Wellington Management Group
15
Wellington Management Group
Massachusetts
$1.07M -$366K -23,811 -26%
PNC Financial Services Group
16
PNC Financial Services Group
Pennsylvania
$1.07M – – –
SC
17
Southside Capital
Florida
$1.06M – – –
BCM
18
Bridgeway Capital Management
Texas
$853K +$385K +25,000 +86%
RA
19
Raffles Associates
New York
$842K – – –
Deutsche Bank
20
Deutsche Bank
Germany
$718K +$253K +16,421 +56%
William Blair & Company
21
William Blair & Company
Illinois
$646K – – –
Renaissance Technologies
22
Renaissance Technologies
New York
$578K +$39.7K +2,584 +8%
MA
23
Minerva Advisors
Pennsylvania
$476K – – –
WC
24
Walthausen & Co
New York
$470K +$460K +29,891 New
MCM
25
Maltese Capital Management
New York
$468K +$457K +29,744 New
1
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MFNC Hedge Fund Activity: Q1 2019 in Review

47 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Mackinac Financial Corporation (MFNC) for Q1 2019, worth a combined $79.5M — up 15% from $69.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MFNC positions and 6 closed out — a net gain of 4 holders — while 17 added to existing stakes and 9 trimmed.

The largest buyer was Jacobs Asset Management, adding an estimated $4.46M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $4.09M sold.

  • 47 institutional investors held Mackinac Financial Corporation (MFNC) as of Q1 2019, up from 43 in Q4 2018.
  • Funds reported $79.5M of Mackinac Financial Corporation stock for Q1 2019, up 15% quarter-over-quarter.
  • 10 funds opened new Mackinac Financial Corporation positions in Q1 2019 and 6 closed out, a net change of +4 holders.
  • The largest Mackinac Financial Corporation buyer in Q1 2019 was Jacobs Asset Management, an estimated $4.46M added.
  • The largest Mackinac Financial Corporation seller in Q1 2019 was Curi RMB Capital, an estimated $4.09M sold.

Based on aggregated 13F filings for Q1 2019.